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 06/2022, Mississippi First Inc employed 5 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 06/2022, Mississippi First Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $761.9k during the year ending 06/2022. 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
2022
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 (MSF) PARTNERED WITH THE MISSISSIPPI DEPARTMENT OF EDUCATION (MDE) TO SUPPORT THE IMPLEMENTATION OF THE PRE-K LAW. - MSF CONTINUED TO PROVIDE RESOURCES ON THE 1:1 STATE TAX CREDIT INCLUDED IN THE BILL TO INCENTIVIZE BUSINESS/COMMUNITY SUPPORT OF PRE-K COLLABORATIVES. - WE PUBLISHED ALL THE STATE PRE-K BRIEFS. - WE SUCCESSFULLY ADVOCATED FOR A RAISE IN PER-PUPIL FUNDING RATE FOR THE STATE FUNDED PRE-K PROGRAM FOR ANOTHER YEAR AND A $24M COMMITMENT TO EXPAND THE PROGRAM ACROSS THE STATE. - HIRED A NEW A NEW STAFF PERSON TO FOCUS EXCLUSIVELY ON EARLY CHILDHOOD EDUCATION IN ANTICIPATION OF DEEPENING OUR BODY OF WORK. - BEGAN WORKING ON WAYS TO IMPROVE EARLY LEARNING AND CARE FOR CHILDREN 0-3. - UPDATED THE HOW TO START AN EARLY LEARNING COLLABORATIVE TOOLKIT TO SUPPORT IMPLEMENTATION OF THE EARLY LEARNING COLLABORATIVE ACT.CHARTER SCHOOLS -WE ORGANIZED CHARTER SCHOOL MEETINGS WITH MISSISSIPPI CHARTER SCHOOL PROVIDERS TO DEVELOP AN UNDERSTANDING OF THEIR NEEDS AS THEY CONTINUE TO OPERATE. - WE CREATED AND LAUNCHED A CHARTER SCHOOL FELLOWSHIP DURING THE SUMMER OF 2022. - WE HIRED A SPECIAL PROJECTS EMPLOYEE WHO HAS FOCUSED ON RESEARCHING LEADERSHIP AND TEACHER LICENSURE PATHWAYS FOR CHARTER SCHOOLS IN MISSISSIPPI. - RECEIVED FUNDING TO ASSIST WITH CHARTER SCHOOL GROWTH AND ADVOCACY. - WORKED ON PERFORMANCE FRAMEWORK RECOMMENDATIONS.TEACHERS AND LEADERS - CONDUCTED AND RELEASED A TEACHER SURVEY REPORT TO ASSIST WITH TEACHER PAY LEGISLATION. - WORKED TO PASS TEACHER PAY LEGISLATION, RESULTING IN THE LARGEST TEACHER PAY INCREASE THIS CENTURY.FUTURE OF SCHOOLS - RELEASED A POLICY BRIEF. - RELEASED RECOMMENDATIONS FOR THE NEXT STATE SUPERINTENDENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rachel Canter Executive Director | Officer | 40 | $112,407 |
Catoria Martin ESQ Treasurer | OfficerTrustee | 1 | $0 |
Lekesha Perry Chair | OfficerTrustee | 1 | $0 |
Kate Gluckman Board Member | Trustee | 1 | $0 |
Adam Smith Board Member | Trustee | 1 | $0 |
Timothy Abram Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $8,795,996 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,795,996 |
Total Program Service Revenue | $0 |
Investment income | $596 |
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 | $8,796,715 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $125,332 |
Compensation of current officers, directors, key employees. | $4,604 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $358,124 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $46,535 |
Payroll taxes | $36,879 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $90,227 |
Advertising and promotion | $0 |
Office expenses | $15,547 |
Information technology | $7,194 |
Royalties | $0 |
Occupancy | $12,853 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,461 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,985 |
Insurance | $816 |
All other expenses | $0 |
Total functional expenses | $761,856 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,453,136 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $5,288,612 |
Accounts receivable, net | $2,604 |
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 | $23,758 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,768,110 |
Accounts payable and accrued expenses | $100,816 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $100,816 |
Net assets without donor restrictions | $163,367 |
Net assets with donor restrictions | $8,503,927 |
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 | $8,768,110 |
Over the last fiscal year, we have identified 1 grants that Mississippi First Inc has recieved totaling $101.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Organization Name | Assets | Revenue |
---|---|---|
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Sevierville Chamber Of Commerce Inc Sevierville, TN | $2,086,252 | $5,895,528 |
Community Development Foundation Tupelo, MS | $26,378,062 | $9,486,414 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Tennessee Association Of Realtors Inc Nashville, TN | $17,345,210 | $4,984,800 |
Bayou Community Foundation Houma, LA | $3,602,987 | $6,537,741 |
Alabama Association Of Realtors Inc Montgomery, AL | $13,443,262 | $4,436,366 |
National Hbpa Inc New Orleans, LA | $3,817,270 | $3,435,163 |
Rogers Lowell Area Chamber Of Commerce Rogers, AR | $2,512,519 | $3,164,413 |
Rutherford County Chamber Of Commerce Murfreesboro, TN | $8,658,825 | $3,342,621 |
Home Builders Association Of Alabama Montgomery, AL | $9,950,531 | $2,696,585 |
Paymentsfirst Inc Birmingham, AL | $2,506,758 | $3,006,351 |