Civic Intelligence

Mississippi Workers Compensation Educational Association Inc.

990 • Fiscal year 2020 • EIN 57-0907393

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 27, 2021

PO Box 13508Jackson, MS 39236-3508

(601) 359-3411

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

67th percentile

21%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-38%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Flat

$399,543

Flat from 2020

Net Assets

Flat

$399,543

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Flat

$128,964

Flat from 2020

Expenses

Flat

$58,943

Flat from 2020

Net Income

Flat

$70,021

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $547,865Liabilities 2011: $0Net Assets 2011: $547,8652011Assets 2012: $568,176Liabilities 2012: $0Net Assets 2012: $568,1762012Assets 2013: $543,293Liabilities 2013: $0Net Assets 2013: $543,2932013Assets 2014: $420,377Liabilities 2014: $0Net Assets 2014: $420,3772014Assets 2015: $419,937Liabilities 2015: $0Net Assets 2015: $419,9372015Assets 2016: $405,430Liabilities 2016: $0Net Assets 2016: $405,4302016Assets 2017: $375,289Liabilities 2017: $0Net Assets 2017: $375,2892017Assets 2018: $363,611Liabilities 2018: $0Net Assets 2018: $363,6112018Assets 2019: $329,522Liabilities 2019: $0Net Assets 2019: $329,5222019Assets 2020: $399,543Liabilities 2020: $0Net Assets 2020: $399,5432020Assets 2020: $399,543Liabilities 2020: $0Net Assets 2020: $399,5432020Assets 2021: $370,262Liabilities 2021: $0Net Assets 2021: $370,2622021Assets 2022: $390,737Liabilities 2022: $0Net Assets 2022: $390,7372022Assets 2023: $209,059Liabilities 2023: $0Net Assets 2023: $209,0592023

Highlighted filing

2020

Assets$399,543
Liabilities$0
Net Assets$399,543

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $239,692Expenses 2011: $204,788Net Income 2011: $34,9042011Expenses 2012: $210,6632012Expenses 2013: $250,4702013Revenue 2014: $214,391Expenses 2014: $337,307Net Income 2014: -$122,9162014Revenue 2015: $199,199Expenses 2015: $199,639Net Income 2015: -$4402015Revenue 2016: $199,756Expenses 2016: $214,263Net Income 2016: -$14,5072016Revenue 2017: $204,313Expenses 2017: $234,454Net Income 2017: -$30,1412017Revenue 2018: $218,192Expenses 2018: $229,870Net Income 2018: -$11,6782018Revenue 2019: $206,370Expenses 2019: $240,459Net Income 2019: -$34,0892019Revenue 2020: $128,964Expenses 2020: $58,943Net Income 2020: $70,0212020Revenue 2020: $128,964Expenses 2020: $58,943Net Income 2020: $70,0212020Revenue 2021: $2,414Expenses 2021: $31,695Net Income 2021: -$29,2812021Revenue 2022: $110,264Expenses 2022: $89,789Net Income 2022: $20,4752022Revenue 2023: $199,198Expenses 2023: $380,876Net Income 2023: -$181,6782023

Highlighted filing

2020

Revenue$128,964
Expenses$58,943
Net Income$70,021
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 27, 2021
Return Version
2019v5.1
Gross Receipts
$128,964
Mission and Program Overview

Mission

The mississippi workers' compensation educational association (mwcea) is an organization whose stated purpose is to promote, encourage and foster the advancement of education in the field of mississippi workers' compensation law and benefits, along with the rules and regulations, etc., through the dissemination of knowledge by publications, seminars, lectures and other means. The mwcea does not provide legal services nor is it involved in the adjudication of any disputes that might arise in the handling of workers' compensation claims.

To promote education in the field of workers' compensation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$329,522$399,543▲ $70,021
Rtn Earn Endowment Incm Other Fnds$329,522$399,543▲ $70,021
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$329,522$399,543▲ $70,021
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$329,522$399,543▲ $70,021
Total Liabilities and Net Assets / Fund Balance$329,522$399,543▲ $70,021
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andre F DucotePresident
Tg BolenVice-president
Felissa CurryBoard Member
Gary K JonesBoard Member
Jim AndersonBoard Member
Leigh-ann TaborBoard Member
Michael TraylorBoard Member
Molly StaleyBoard Member
Roxanne CaseBoard Member
Steve FunderburgBoard Member
TINA O'KEEFEBoard Member
Tonja GreerBoard Member
Richard D SelfSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$126,720
Investment Income
$2,244
Other Revenue
$0
Change in Net Assets
$70,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,964
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$128,964
Total Revenue per Form 990
$128,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$45,229--$45,229
Fees for Services Accounting-$5,155-$5,155
Advertising-$3,250-$3,250
Office Expenses-$1,604-$1,604
Insurance-$1,263-$1,263
Other Expenses-$629-$629
Total Functional Expenses$45,229$13,714$0$58,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$58,943
Total Expenses per Audited Statements$58,943
Total Expenses per Form 990$58,943
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 B, Line 11B

The form 990 is prepared by the organization's independent certified public accountants and reviewed by the organization's treasurer. A copy of the organization's final form 990 (including required schedules) is provided to each voting member of the organization's governing body. The organization's governing body reviews the form 990, approves the form 990 for filing with the internal revenue service, and authorizes officers of the organization to execute the form 990 on behalf of the organization.

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

The organization's governing body requires each member to submit an annual conflict of interest statement which is reviewed routinely to determine if any conflict exists.

Form 990, Part VI, Section C, Line 19

The organization makes its 990 available to the public upon request and through other outlets such as guidestar.org.

Filing and Contact Details

Filer

Filer Name
Mississippi Workers Compensation
EIN
57-0907393
Phone
6013593411
Address
PO BOX 13508, JACKSON, MS 39236-3508

Signing Officer

Name
Richard D Self
Title
Treasurer
Phone
6013593411
Signed
2021-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard D Self
Formed
1987
Legal Domicile
Ms
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Harper Rains Knight & Company Pa
Address
1052 HIGHLAND COLONY PKWY STE 100, RIDGELAND, MS 39157
Preparer
Joey Katool CPA
Phone
6016050722
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

No change occured from prior year.

Financial Statement Notes

PART X, LINE 2:

The association is exempt from federal and state income tax under section 501(c)(3) of the internal revenue code. There were no uncertain tax positions identified related to the current year and the association has no unrecognized tax benefits at june 30, 2020 which would require disclosure in the financial statements. In accordance with applicable tax regulations the association has not filed a tax return. The number of tax years that remain open for federal and major state income tax jurisdictions are 2016 and forward.

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IRS990ScheduleA/OtherIncome509Grp/TotalAmt0118
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IRS990ScheduleA/PublicSupportPY509Pct00.99830
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED RELATED TO THE CURRENT YEAR AND THE ASSOCIATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2020 WHICH WOULD REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE TAX REGULATIONS THE ASSOCIATION HAS NOT FILED A TAX RETURN. THE NUMBER OF TAX YEARS THAT REMAIN OPEN FOR FEDERAL AND MAJOR STATE INCOME TAX JURISDICTIONS ARE 2016 AND FORWARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S TREASURER. A COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY. THE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990, APPROVES THE FORM 990 FOR FILING WITH THE INTERNAL REVENUE SERVICE, AND AUTHORIZES OFFICERS OF THE ORGANIZATION TO EXECUTE THE FORM 990 ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY REQUIRES EACH MEMBER TO SUBMIT AN ANNUAL CONFLICT OF INTEREST STATEMENT WHICH IS REVIEWED ROUTINELY TO DETERMINE IF ANY CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH OTHER OUTLETS SUCH AS GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE OCCURED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C:
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0329522
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IRS990/TotalEmployeeCnt00
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt013
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD D SELF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06013593411
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MISSISSIPPI WORKERS COMPENSATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATIONAL ASSOCIATION INC
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ReturnHeader/Filer/PhoneNum06013593411
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARPER RAINS KNIGHT & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01052 HIGHLAND COLONY PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
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ReturnHeader/PreparerPersonGrp/PhoneNum06016050722

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.09$0.00$2.09$1.99$3.81$1.82
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.91$0.00$3.91$1.10$0.90$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.00$3.70$0.02$0.32$0.29
2020Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$1.29$0.59$0.70
2020Summary only. Only limited summary data is available for this year.$4.00$0.00$4.00$1.29$0.59$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$0.00$3.30$2.06$2.40$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$0.00$3.64$2.18$2.30$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.00$3.75$2.04$2.34$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.05$0.00$4.05$2.00$2.14$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.20$0.00$4.20$1.99$2.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.20$0.00$4.20$2.14$3.37$1.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$0.00$5.43$2.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$0.00$5.68$2.11
2011Summary only. Only limited summary data is available for this year.$5.48$0.00$5.48$2.40$2.05$0.35