Mississippi First Inc is located in Jackson, MS. The organization was established in 2009. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Mississippi First Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi First Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mississippi First Inc generated $465.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSISSIPPI FIRST CHAMPIONS TRANSFORMATIVE POLICY SOLUTIONS FOR EVERY MISSISSIPPI CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-K:- MISSISSIPPI FIRST PROMOTED PRE-K WITH A YEAR-LONG CELEBRATION OF THE 10TH ANNIVERSARY OF THE PASSAGE OF THE EARLY LEARNING COLLABORATIVE ACT. THIS CELEBRATION INCLUDED: - PUBLICATION OF A CASE STUDY OF THE HISTORY OF THE ACT - SOCIAL MEDIA CAMPAIGN FEATURING ALL CURRENT COLLABORATIVES - PUBLIC ART INSTALLATION OF 26,000 BUTTERFLIES ON THE CAPITOL GREEN - CELEBRATION EVENT HONORING PRE-K CHAMPIONS - PUBLICATION OF A FOUR-PAGE SPREAD IN PARENTS AND KIDS MAGAZINE TO BUILD PARENTAL AWARENESS OF THE PROGRAM- MISSISSIPPI FIRST CONTINUED TO PROVIDE RESOURCES ON THE 1:1 STATE TAX CREDIT INCLUDED IN THE BILL TO INCENTIVIZE BUSINESS/COMMUNITY SUPPORT OF PRE-K COLLABORATIVES.- MISSISSIPPI FIRST SUCCESSFULLY ADVOCATED FOR PERMANENTLY RAISING THE PER-PUPIL FUNDING RATE FOR THE STATE FUNDED PRE-K PROGRAM AS WELL AS THE APPROPRIATION TO FUND THE CHANGE.- MISSISSIPPI FIRST PARTNERED WITH MDE TO SUPPORT QUALITY IMPLEMENTATION OF THE PRE-K LAW.- MISSISSIPPI FIRST WORKED WITH PARTNERS TO DEVELOP RECOMMENDATIONS FOR A QUALITY IMPROVEMENT SYSTEM FOR CHILDCARE IN MISSISSIPPI.- MISSISSIPPI FIRST FINALIZED A BIRTH-TO-FIVE POLICY AGENDA FOR THE ORGANIZATION'S FUTURE WORK.CHARTER SCHOOLS:- MISSISSIPPI FIRST SECURED A $19.3M FEDERAL GRANT TO SUPPORT NEW CHARTER SCHOOLS. THE FIRST SUBGRANTEE WAS APPROVED IN APRIL 2023.- MISSISSIPPI FIRST IMPLEMENTED A NUMBER OF PILOT PROJECTS TO SUPPORT THE EDUCATOR PIPELINE IN CHARTER SCHOOLS AS WELL AS TRADITIONAL PUBLIC SCHOOLS. THESE INCLUDED PARTNERSHIPS WITH STUDY.COM, TEACH FOR AMERICA, AND A SECOND YEAR OF THE CHARTER SCHOOL SUMMER FELLOWSHIP HOSTED AT LOCAL CHARTER SCHOOLS.- MISSISSIPPI FIRST SUPPORTED THE SUCCESSFUL SEARCH FOR A NEW LEADER OF THE MISSISSIPPI CHARTER SCHOOLS ASSOCIATION.- MISSISSIPPI FIRST PROVIDED TECHNICAL ASSISTANCE TO THE STATE'S NEWEST CHARTER SCHOOL AS WELL AS OPERATING SCHOOLS TO SUPPORT BEST PRACTICES AND ACADEMIC SUCCESS.- MISSISSIPPI FIRST CELEBRATED THE 10TH ANNIVERSARY OF THE MISSISSIPPI CHARTER SCHOOL LAW IN ORDER TO INCREASE PUBLIC AWARENESS AND SUPPORT OF CHARTER SCHOOLS BY: - FACILITATING A SOCIAL MEDIA CAMPAIGN FEATURING PROFILES OF ALL OPERATING CHARTER SCHOOLS - PARTICIPATING IN AN ANNIVERSARY EVENT HOSTED IN PARTNERSHIP WITH OTHER STAKEHOLDERS - PUBLISHING A REFRESHED REPORTER'S GUIDE TO PUBLIC CHARTER SCHOOLS- MISSISSIPPI FIRST PARTNERED WITH COMMUNITY FOUNDATION OF MISSISSIPPI TO CREATE A START-UP GRANT FUND FOR NEW OR EXPANDING CHARTER SCHOOLS.- MISSISSIPPI FIRST PARTNERED WITH HOPE CREDIT UNION TO ESTABLISH A CASH COLLATERAL FUND TO SUPPORT CHARTER SCHOOLS SEEKING LINES OF CREDIT; FURNITURE, FIXTURES, AND EQUIPMENT LOANS, AND FACILITIES LOANS.- MISSISSIPPI FIRST ADVOCATED FOR CHANGES TO THE PUBLIC CHARTER SCHOOL AUTHORIZATION PROCESS AS WELL AS OTHER POLICY ISSUES RELATED TO AUTHORIZING.TEACHERS AND LEADERS:- MISSISSIPPI FIRST PUBLISHED ANOTHER SEMINAL REPORT, EYEING THE EXIT, EXAMINING TEACHER RETENTION RISK FACTORS. THIS REPORT WAS BASED ON THE LARGEST TEACHER SURVEY IN 15 YEARS.- MISSISSIPPI FIRST ADVOCATED FOR RECOMMENDATIONS FROM EYEING THE EXIT WITH THE LEGISLATURE.- MISSISSIPPI FIRST CONDUCTED A FOLLOW-UP SURVEY OF TEACHER SENTIMENT FOLLOWING THE 2022 PAY RAISE.FUTURE OF SCHOOLS:- MISSISSIPPI FIRST CONTINUED TO SUPPORT PUBLIC SCHOOLS BY PROVIDING ADVICE AND EXPERTISE TO POLICYMAKERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Abram Chair | OfficerTrustee | 1 | $0 |
Catoria Martin ESQ Treasurer | OfficerTrustee | 1 | $0 |
Kate Gluckman Board Member | Trustee | 1 | $0 |
Rachel Canter Executive Director | Officer | 40 | $141,192 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $285,929 |
All other contributions, gifts, grants, and similar amounts not included above | $163,588 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $449,517 |
Total Program Service Revenue | $0 |
Investment income | $16,101 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $465,618 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,151,777 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $165,241 |
Compensation of current officers, directors, key employees. | $5,313 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $479,935 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $70,566 |
Payroll taxes | $48,817 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $336,267 |
Advertising and promotion | $0 |
Office expenses | $13,278 |
Information technology | $21,530 |
Royalties | $0 |
Occupancy | $14,508 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $31,058 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,118 |
Insurance | $4,153 |
All other expenses | $0 |
Total functional expenses | $2,417,234 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,807,679 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $5,097,905 |
Accounts receivable, net | $409 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $11,804 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $38,720 |
Total assets | $6,956,517 |
Accounts payable and accrued expenses | $214,131 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $26,708 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $240,839 |
Net assets without donor restrictions | $193,459 |
Net assets with donor restrictions | $6,522,219 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $6,956,517 |
Over the last fiscal year, Mississippi First Inc has awarded $1,151,777 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
INSTANT IMPACT GLOBAL PREP PURPOSE: ENTERED INFO A SUBGRANTEE AGREEMENT TO DISBURSE A CHARTER SCHOOLS PROGRAM (CSP) SUBGRANT UNDER THE ORGANIZATIONS 2022 CSP AWARD. | $234,777 |
COMMUNITY FOUNDATION OF MISSISSIPPI PURPOSE: TO CREATE A START-UP GRANT FUND FOR NEW OR EXPANDING CHARTER SCHOOLS. | $400,000 |
MS CHARTER SCHOOLS ASSOCIATION PURPOSE: ENTERED INTO A SUBGRANTEE AGREEMENT IN ORDER TO FACILITATE THE SUCCESSFUL RE-LAUNCH OF THE MS CHARTER SCHOOLS ASSOCIATION. | $517,000 |