Civic Intelligence

Mississippi News and Information Corp

990 • Fiscal year 2017 • EIN 47-2158741

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 19, 2018

750 Woodlands Parkway Suite 100Ridgeland, MS 39157

(601) 533-4860

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-189%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,721,545

Down $1,038,274 (-38%) from 2016

Net Assets

Down

$1,686,796

Down $1,026,604 (-38%) from 2016

Liabilities

Down

$34,749

Down $11,670 (-25%) from 2016

Revenue

Down

$542,373

Down $636,431 (-54%) from 2016

Expenses

Up

$1,568,978

Up $402,025 (+34%) from 2016

Net Income

Down

-$1,026,605

Down $1,038,456 (-8763%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2015: $2,730,205Liabilities 2015: $28,656Net Assets 2015: $2,701,5492015Assets 2016: $2,759,819Liabilities 2016: $46,419Net Assets 2016: $2,713,4002016Assets 2017: $1,721,545Liabilities 2017: $34,749Net Assets 2017: $1,686,7962017Assets 2018: $2,089,688Liabilities 2018: $33,982Net Assets 2018: $2,055,7062018Assets 2019: $1,686,665Liabilities 2019: $62,078Net Assets 2019: $1,624,5872019Assets 2020: $2,531,175Liabilities 2020: $319,636Net Assets 2020: $2,211,5392020Assets 2021: $5,242,208Liabilities 2021: $51,535Net Assets 2021: $5,190,6732021Assets 2022: $6,732,383Liabilities 2022: $399,298Net Assets 2022: $6,333,0852022Assets 2024: $11,497,805Liabilities 2024: $349,952Net Assets 2024: $11,147,8532024

Highlighted filing

2017

Assets$1,721,545
Liabilities$34,749
Net Assets$1,686,796

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $2,859,190Expenses 2015: $157,641Net Income 2015: $2,701,5492015Revenue 2016: $1,178,804Expenses 2016: $1,166,953Net Income 2016: $11,8512016Revenue 2017: $542,373Expenses 2017: $1,568,978Net Income 2017: -$1,026,6052017Revenue 2018: $2,117,316Expenses 2018: $1,748,406Net Income 2018: $368,9102018Revenue 2019: $1,560,107Expenses 2019: $1,990,659Net Income 2019: -$430,5522019Revenue 2020: $2,545,161Expenses 2020: $1,958,209Net Income 2020: $586,9522020Revenue 2021: $5,184,768Expenses 2021: $2,205,634Net Income 2021: $2,979,1342021Revenue 2022: $4,722,248Expenses 2022: $3,579,836Net Income 2022: $1,142,4122022Revenue 2024: $9,481,672Expenses 2024: $5,638,889Net Income 2024: $3,842,7832024

Highlighted filing

2017

Revenue$542,373
Expenses$1,568,978
Net Income-$1,026,605
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 19, 2018
Return Version
2017v2.3
Gross Receipts
$542,373
Mission and Program Overview

Mission

Mississippi news and information corporation, operating as mississippi today, is a nonpartisan, nonprofit digital news and information resource that aggresively and objectively covers state and local government affairs and community issues, including education, health, economic development, poverty and race, as well as mississippi's social culture. The staff produces high-quality reporting to act as a government watchdog, support the functioning democracy and helping shape the future of the state. Increasing citizen awareness, including how government action affects people and communities, may lead to greater civic engagement. Mississippi today helps create the next generation of distinguished journalists by recruiting exceptional graduates of journalism, communications and public policy educational institutions and working with current students at the state's colleges and universities to develop skills that will prepare them for productive careers.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,156,048$1,155,278▼ $1,000,770
Cash and Non-Interest-Bearing Accounts$517,884$469,623▼ $48,261
Land, Buildings, and Equipment, Net$76,340$75,216▼ $1,124
Prepaid Expenses and Deferred Charges$7,218$12,624▲ $5,406
Accounts Receivable$1,200$3,019▲ $1,819
Total Assets$2,759,819$1,721,545▼ $1,038,274
Other Assets Total$1,129$5,785▲ $4,656
Liabilities
Accounts Payable and Accrued Expenses$41,882$30,100▼ $11,782
Other Liabilities$1,287$3,816▲ $2,529
Deferred Revenue$3,250$833▼ $2,417
Total Liabilities$46,419$34,749▼ $11,670
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,148,372$1,155,278▼ $993,094
Unrestricted Net Assets$565,028$531,518▼ $33,510
Total Net Assets Fund Balance$2,713,400$1,686,796▼ $1,026,604
Total Liabilities and Net Assets / Fund Balance$2,759,819$1,721,545▼ $1,038,274

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$75,216$38,639$113,855
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred Anklam JrCo-chief Editorial OfficerFT$104,282$30,863$135,145
Dennis MooreCo-chief Editorial OfficerFT$108,000$16,900$124,900
Mandy PopeChief Operating OfficerPT$75,115$26,894$102,009

Board Members and Trustees

NameTitle
Donna BarksdaleDirector and Chair
Andrew LackDirector
Charles OverbyDirector
Jim BarksdaleDirector
Seetha SrinivasanDirector
Tiffany GravesDirector
Tom PittmanDirector
Tray HairstonDirector
Will NortonDirector
Mary Margaret WhiteExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Gallagher Group LLCFundraising Consultant750 COLUMBUS AVENUE 11K, New York, NY 10025$102,500
Revenue and Support

Revenue Composition

Contributions and Grants
$528,162
Program Service Revenue
$14,192
Investment Income
$19
Other Revenue
$0
All Other Contributions
$528,162
Change in Net Assets
$-1,026,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$542,373
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$542,373
Total Revenue per Form 990
$542,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,046,057
Other Expenses$522,921
Total Fundraising Expense$144,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$510,544$27,131$9,039$546,714
Current Officers, Directors, Trustees, and Key Employees$253,754$16,553$27,444$297,751
Fees for Services Other$103,264$9,875$88,875$202,014
Other Employee Benefits$99,553$7,798$4,454$111,805
Occupancy$85,363$1,715$1,515$88,593
Travel$71,460-$1,477$72,937
Payroll Taxes$59,935$3,524$2,973$66,432
Advertising$29,082-$774$29,856
Depreciation Depletion$22,426$1,265$534$24,225
Pension Plan Contributions$21,136$1,180$1,039$23,355
Insurance$14,812$1,909-$16,721
Fees for Services Accounting-$12,500-$12,500
All Other Expenses$8,837$429$2,431$11,697
Conferences and Meetings$10,246--$10,246
Other Expenses$4,584$1,157$1,726$7,467
Fees for Services Legal$2,355$1,075-$3,430
Total Functional Expenses$1,337,141$87,225$144,612$1,568,978

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,568,977
Total Expenses per Audited Statements$1,568,977
Total Expenses per Form 990$1,568,977
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James BarksdaleDirectorMississippi News and Information Corp Rents Office Space From the Woodlands Office Park, LLC Which Is Majority Owned by James Barksdale, Director.No$73,665
James BarksdaleDirectorEdgetheory, LLC Provided Technology Consulting During the Tax Year for Mississippi News and Information Corp. James Barksdale, Director, Has a Direct Ownership in Edgetheory, Llc.No$24,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$3,816
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Donna barksdale, executive chair, and jim barksdale, director, have a family relationship - husband and wife.

Form 990, Part VI, Section B, Line 11B

The completed form 990 and audited financial statements were provided to all members of the governing body and were reviewed at a regularly scheduled board meeting on september 14, 2018.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy covers all members of the board. Each board member is supplied with a copy of the policy each year and signs an annual statement which affirms that the director has received a copy of the policy, has read and understands the policy, has complied with the policy and understands that the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax exempt purposes. Board members have a duty to disclose potential or actual conflicts to the executive chair and the remaining board members decide if a potential or actual conflict exists. If applicable, identified conflicts of interest and appropriate recusals are documented in the board minutes.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for the chief executives includes a review and approval by the compensation committee of the board of directors. Comparability data used in the review process is obtained through review of compensation of positions of comparable organizations. The decisions are documented in committee meeting and/or board meeting minutes.

Form 990, Part VI, Section C, Line 19

The audited financial statements and tax returns are available on the organization's website (www.mississippitoday.org). Governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Mississippi News and Information Corp
EIN
47-2158741
Phone
6015334860
Address
750 WOODLANDS PARKWAY SUITE 100, RIDGELAND, MS 39157
Doing Business As
Mississippi Today

Signing Officer

Name
Mary Margaret White
Title
Executive Director
Phone
6015334860
Signed
2018-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Margaret White
Formed
2014
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
7
Employees
23
Volunteers
9

Preparer

Firm
Horne Llp
Address
1020 HIGHLAND COLONY PKWY STE 400, RIDGELAND, MS 39157
Preparer
Angela Beasley Phyfer CPA
Phone
6013261000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION:

Mississippi news and information corporation, operating as mississippi today, is a nonpartisan, nonprofit digital news and information resource that aggresively and objectively covers state and local government affairs and community issues, including education, health, economic development, poverty and race, as well as mississippi's social culture. The staff produces high-quality reporting to act as a government watchdog, support the functioning democracy and helping shape the future of the state. Increasing citizen awareness, including how government action affects people and communities, may lead to greater civic engagement. Mississippi today helps create the next generation of distinguished journalists by recruiting exceptional graduates of journalism, communications and public policy educational institutions and working with current students at the state's colleges and universities to develop skills that will prepare them for productive careers.

Form 990, Part I, Line 6 - Total Number of Volunteers

Total volunteers in 2017 represent the nine board members that do not receive any compensation.

FORM 990, PART III, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION:

Mississippi news and information corporation, operating as mississippi today, is a nonpartisan, nonprofit digital news and information resource that aggresively and objectively covers state and local government affairs and community issues, including education, health, economic development, poverty and race, as well as mississippi social culture. The staff will produce high-quality reporting to act as a government watchdog, support the functioning democracy and help shape the future of the state. Increasing citizen awareness, including how government action affects people and communities, may lead to greater civic engagement. Mississippi today will help create the next generation of distinguished journalists who reflect the state's diversity by recruiting exceptional graduates of journalism, communications and public policy educational institutions and working with current students at the state's colleges and universities to develop skills that will prepare them for productive careers.

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 103,264. Management and general expenses 9,875. Fundraising expenses 88,875. Total expenses 202,014.

FORM 990, PART XII, LINE 2C:

The organization did not have an audit committee in 2017. Currently the board of directors approves selection of the independent accountant and approves the audited financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CO-CHIEF EDITORIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CO-CHIEF EDITORIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
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IRS990/Form990TFiledInd01
IRS990/FormationYr02014
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IRS990/FSAuditedInd01
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IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0542373
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt014812
IRS990/InsuranceGrp/TotalAmt016721
IRS990/InvestmentIncomeGrp/ExclusionAmt019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019
IRS990/InvestmentInJointVentureInd00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt075216
IRS990/LandBldgEquipCostOrOtherBssAmt0113855
IRS990/LegalDomicileStateCd0MS
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt01686796
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IRS990/OccupancyGrp/FundraisingAmt01515
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IRS990/OccupancyGrp/ProgramServicesAmt085363
IRS990/OccupancyGrp/TotalAmt088593
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt01129
IRS990/OtherAssetsTotalGrp/EOYAmt05785
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04454
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07798
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt099553
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111805
IRS990/OtherExpensesGrp/Desc0MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt01882
IRS990/OtherExpensesGrp/FundraisingAmt1449
IRS990/OtherExpensesGrp/FundraisingAmt21726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0584
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1530
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21157
IRS990/OtherExpensesGrp/ProgramServicesAmt015721
IRS990/OtherExpensesGrp/ProgramServicesAmt112135
IRS990/OtherExpensesGrp/ProgramServicesAmt211934
IRS990/OtherExpensesGrp/ProgramServicesAmt34584
IRS990/OtherExpensesGrp/TotalAmt017603
IRS990/OtherExpensesGrp/TotalAmt113168
IRS990/OtherExpensesGrp/TotalAmt212464
IRS990/OtherExpensesGrp/TotalAmt37467
IRS990/OtherLiabilitiesGrp/BOYAmt01287
IRS990/OtherLiabilitiesGrp/EOYAmt03816
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09039
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027131
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0510544
IRS990/OtherSalariesAndWagesGrp/TotalAmt0546714
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02973
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03524
IRS990/PayrollTaxesGrp/ProgramServicesAmt059935
IRS990/PayrollTaxesGrp/TotalAmt066432
IRS990/PensionPlanContributionsGrp/FundraisingAmt01039
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01180
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021136
IRS990/PensionPlanContributionsGrp/TotalAmt023355
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02156048
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01155278
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07218
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012624
IRS990/PrincipalOfficerNm0MARY MARGARET WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/Desc0ADVERTISING
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014192
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt014192
IRS990/ProgSrvcAccomActy2Grp/Desc0POLICY EVENTS AND PANELS OPEN FREE TO THE PUBLIC COVERING ISSUES OF IMPORTANCE TO THE STATE AND WHERE COMMUNITY MEMBERS CAN DIRECTLY INTERACT WITH PUBLIC OFFICIALS AND NEWSMAKERS WHO WILL SHAPE MISSISSIPPI'S FUTURE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017180
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01202081
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01
IRS990/PYOtherExpensesAmt0395730
IRS990/PYOtherRevenueAmt0-35028
IRS990/PYProgramServiceRevenueAmt011750
IRS990/PYRevenuesLessExpensesAmt011851
IRS990/PYSalariesCompEmpBnftPaidAmt0771223
IRS990/PYTotalExpensesAmt01166953
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01178804
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1026605
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014192
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0528162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01202081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02858549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04588792
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0641
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0661
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01141646
IRS990ScheduleA/SubstantialContributorsTotAmt03447146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0528162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01202081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02858549
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04588792
IRS990ScheduleA/TotalSupportAmt04591295
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt01287
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0555
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01842
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt075216
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038639
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113855
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01568977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03816
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0542373
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075216
IRS990ScheduleD/TotalExpensesPerForm990Amt01568977
IRS990ScheduleD/TotalLiabilityAmt03816
IRS990ScheduleD/TotalRevenuePerForm990Amt0542373
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0542373
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01568977
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES BARKSDALE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JAMES BARKSDALE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt073665
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt124000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MISSISSIPPI NEWS AND INFORMATION CORP RENTS OFFICE SPACE FROM THE WOODLANDS OFFICE PARK, LLC WHICH IS MAJORITY OWNED BY JAMES BARKSDALE, DIRECTOR.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EDGETHEORY, LLC PROVIDED TECHNOLOGY CONSULTING DURING THE TAX YEAR FOR MISSISSIPPI NEWS AND INFORMATION CORP. JAMES BARKSDALE, DIRECTOR, HAS A DIRECT OWNERSHIP IN EDGETHEORY, LLC.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSISSIPPI NEWS AND INFORMATION CORPORATION, OPERATING AS MISSISSIPPI TODAY, IS A NONPARTISAN, NONPROFIT DIGITAL NEWS AND INFORMATION RESOURCE THAT AGGRESIVELY AND OBJECTIVELY COVERS STATE AND LOCAL GOVERNMENT AFFAIRS AND COMMUNITY ISSUES, INCLUDING EDUCATION, HEALTH, ECONOMIC DEVELOPMENT, POVERTY AND RACE, AS WELL AS MISSISSIPPI'S SOCIAL CULTURE. THE STAFF PRODUCES HIGH-QUALITY REPORTING TO ACT AS A GOVERNMENT WATCHDOG, SUPPORT THE FUNCTIONING DEMOCRACY AND HELPING SHAPE THE FUTURE OF THE STATE. INCREASING CITIZEN AWARENESS, INCLUDING HOW GOVERNMENT ACTION AFFECTS PEOPLE AND COMMUNITIES, MAY LEAD TO GREATER CIVIC ENGAGEMENT. MISSISSIPPI TODAY HELPS CREATE THE NEXT GENERATION OF DISTINGUISHED JOURNALISTS BY RECRUITING EXCEPTIONAL GRADUATES OF JOURNALISM, COMMUNICATIONS AND PUBLIC POLICY EDUCATIONAL INSTITUTIONS AND WORKING WITH CURRENT STUDENTS AT THE STATE'S COLLEGES AND UNIVERSITIES TO DEVELOP SKILLS THAT WILL PREPARE THEM FOR PRODUCTIVE CAREERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOTAL VOLUNTEERS IN 2017 REPRESENT THE NINE BOARD MEMBERS THAT DO NOT RECEIVE ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISSISSIPPI NEWS AND INFORMATION CORPORATION, OPERATING AS MISSISSIPPI TODAY, IS A NONPARTISAN, NONPROFIT DIGITAL NEWS AND INFORMATION RESOURCE THAT AGGRESIVELY AND OBJECTIVELY COVERS STATE AND LOCAL GOVERNMENT AFFAIRS AND COMMUNITY ISSUES, INCLUDING EDUCATION, HEALTH, ECONOMIC DEVELOPMENT, POVERTY AND RACE, AS WELL AS MISSISSIPPI SOCIAL CULTURE. THE STAFF WILL PRODUCE HIGH-QUALITY REPORTING TO ACT AS A GOVERNMENT WATCHDOG, SUPPORT THE FUNCTIONING DEMOCRACY AND HELP SHAPE THE FUTURE OF THE STATE. INCREASING CITIZEN AWARENESS, INCLUDING HOW GOVERNMENT ACTION AFFECTS PEOPLE AND COMMUNITIES, MAY LEAD TO GREATER CIVIC ENGAGEMENT. MISSISSIPPI TODAY WILL HELP CREATE THE NEXT GENERATION OF DISTINGUISHED JOURNALISTS WHO REFLECT THE STATE'S DIVERSITY BY RECRUITING EXCEPTIONAL GRADUATES OF JOURNALISM, COMMUNICATIONS AND PUBLIC POLICY EDUCATIONAL INSTITUTIONS AND WORKING WITH CURRENT STUDENTS AT THE STATE'S COLLEGES AND UNIVERSITIES TO DEVELOP SKILLS THAT WILL PREPARE THEM FOR PRODUCTIVE CAREERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONNA BARKSDALE, EXECUTIVE CHAIR, AND JIM BARKSDALE, DIRECTOR, HAVE A FAMILY RELATIONSHIP - HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPLETED FORM 990 AND AUDITED FINANCIAL STATEMENTS WERE PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY AND WERE REVIEWED AT A REGULARLY SCHEDULED BOARD MEETING ON SEPTEMBER 14, 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD. EACH BOARD MEMBER IS SUPPLIED WITH A COPY OF THE POLICY EACH YEAR AND SIGNS AN ANNUAL STATEMENT WHICH AFFIRMS THAT THE DIRECTOR HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS COMPLIED WITH THE POLICY AND UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. BOARD MEMBERS HAVE A DUTY TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS TO THE EXECUTIVE CHAIR AND THE REMAINING BOARD MEMBERS DECIDE IF A POTENTIAL OR ACTUAL CONFLICT EXISTS. IF APPLICABLE, IDENTIFIED CONFLICTS OF INTEREST AND APPROPRIATE RECUSALS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVES INCLUDES A REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. COMPARABILITY DATA USED IN THE REVIEW PROCESS IS OBTAINED THROUGH REVIEW OF COMPENSATION OF POSITIONS OF COMPARABLE ORGANIZATIONS. THE DECISIONS ARE DOCUMENTED IN COMMITTEE MEETING AND/OR BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE AUDITED FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE (WWW.MISSISSIPPITODAY.ORG). GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONSULTING FEES: PROGRAM SERVICE EXPENSES 103,264. MANAGEMENT AND GENERAL EXPENSES 9,875. FUNDRAISING EXPENSES 88,875. TOTAL EXPENSES 202,014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION DID NOT HAVE AN AUDIT COMMITTEE IN 2017. CURRENTLY THE BOARD OF DIRECTORS APPROVES SELECTION OF THE INDEPENDENT ACCOUNTANT AND APPROVES THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19

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