Civic Intelligence

Jackson Chamber of Commerce

990 • Fiscal year 2021 • EIN 64-0180340

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileGREATERJACKSONPARTNERSHIP.COM

View Organization Page

PO Box 22548Jackson, MS 39225-2548

(601) 948-7575

Siviq Scores

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

Liabilities / Assets

99th percentile

1.95x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

0.75x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

72nd percentile

21%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$103,586

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

91st percentile

60%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

9.9%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$257,146

Up $96,742 (+60%) from 2020

Net Assets

Up

-$243,483

Up $141,603 (+37%) from 2020

Liabilities

Down

$500,629

Down $44,861 (-8.2%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin72nd percentile

Revenue

Up

$668,280

Up $60,310 (+9.9%) from 2020

Expenses

Down

$526,677

Down $18,968 (-3.5%) from 2020

Net Income

Up

$141,603

Up $79,278 (+127%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,288,039Liabilities 2010: $1,151,610Net Assets 2010: $136,4292010Assets 2011: $1,413,468Liabilities 2011: $1,141,843Net Assets 2011: $271,6252011Assets 2012: $1,222,367Liabilities 2012: $1,046,033Net Assets 2012: $176,3342012Assets 2013: $1,443,186Liabilities 2013: $1,023,823Net Assets 2013: $419,3632013Assets 2014: $1,231,451Liabilities 2014: $1,015,401Net Assets 2014: $216,0502014Assets 2015: $1,040,475Liabilities 2015: $851,499Net Assets 2015: $188,9762015Assets 2016: $999,473Liabilities 2016: $953,960Net Assets 2016: $45,5132016Assets 2017: $999,740Liabilities 2017: $688,664Net Assets 2017: $311,0762017Assets 2018: $863,280Liabilities 2018: $611,124Net Assets 2018: $252,1562018Assets 2019: $115,382Liabilities 2019: $562,793Net Assets 2019: -$447,4112019Assets 2020: $160,404Liabilities 2020: $545,490Net Assets 2020: -$385,0862020Assets 2021: $257,146Liabilities 2021: $500,629Net Assets 2021: -$243,4832021Assets 2022: $220,694Liabilities 2022: $481,815Net Assets 2022: -$261,1212022Assets 2023: $294,842Liabilities 2023: $434,739Net Assets 2023: -$139,8972023Assets 2024: $237,805Liabilities 2024: $387,489Net Assets 2024: -$149,6842024

Highlighted filing

2021

Assets$257,146
Liabilities$500,629
Net Assets-$243,483
Open 2021 Filing

Operations Trend

Revenue Growth54th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,358,3572010Expenses 2011: $2,600,1782011Expenses 2012: $2,679,2062012Revenue 2013: $2,743,158Expenses 2013: $2,500,129Net Income 2013: $243,0292013Revenue 2014: $2,438,799Expenses 2014: $2,642,112Net Income 2014: -$203,3132014Revenue 2015: $2,010,207Expenses 2015: $2,037,281Net Income 2015: -$27,0742015Revenue 2016: $1,465,543Expenses 2016: $1,609,006Net Income 2016: -$143,4632016Revenue 2017: $1,643,915Expenses 2017: $1,378,352Net Income 2017: $265,5632017Revenue 2018: $1,299,962Expenses 2018: $1,358,882Net Income 2018: -$58,9202018Revenue 2019: $185,700Expenses 2019: $885,267Net Income 2019: -$699,5672019Revenue 2020: $607,970Expenses 2020: $545,645Net Income 2020: $62,3252020Revenue 2021: $668,280Expenses 2021: $526,677Net Income 2021: $141,6032021Revenue 2022: $572,859Expenses 2022: $590,497Net Income 2022: -$17,6382022Revenue 2023: $711,509Expenses 2023: $600,585Net Income 2023: $110,9242023Revenue 2024: $651,744Expenses 2024: $680,856Net Income 2024: -$29,1122024

Highlighted filing

2021

Revenue$668,280
Expenses$526,677
Net Income$141,603
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$668,280
Mission and Program Overview

Mission

To make greater jackson a better place to live and work for our citizens by promoting business and community growth and development in the greater jackson area for existing as well as prospective businesses.

The metro jackson chamber of commerce services approximately 1,200 members by providing its membership with an annual report, educational materials, special programs serving community, economic, or leadership development purposes, representation in various governmental affairs, and promotion of existing and new business to enhance the business community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$537,483$493,004▼ $44,479
Savings and Temporary Cash Investments$99,229$193,216▲ $93,987
Investments Other Securities$10,000$10,000→ $0
Land, Buildings, and Equipment, Net$1,419$1,325▼ $94
Cash and Non-Interest-Bearing Accounts$201$201→ $0
Total Assets$160,404$257,146▲ $96,742
Other Assets Total$49,555$52,404▲ $2,849
Liabilities
Accounts Payable and Accrued Expenses$8,007$7,625▼ $382
Total Liabilities$545,490$500,629▼ $44,861
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-385,086$-243,483▲ $141,603
Total Net Assets Fund Balance$-385,086$-243,483▲ $141,603
Total Liabilities and Net Assets / Fund Balance$160,404$257,146▲ $96,742

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,325$228,411$229,736
Other Land Buildings$0$4,409$4,409
Other Assets Org$50,404--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleBaseOtherTotal
Jeff RentPresident/CEO$100,736$2,850$103,586
Cynthia BuchananExecutive Vice President$81,436$2,490$83,926
Debi GreenVice President$68,436$2,100$70,536

Board Members and Trustees

NameTitle
Jeff GoodChairman
Allison CrewsDirector
Barry MossDirector
Bobby WareDirector
David BowmanDirector
David GatesDirector
David PharrDirector
Dejonnette KingDirector
Ed GardnerDirector
Felicia LylesDirector
Granville TateDirector
Harold HartDirector
Hastings PuckettDirector
Hu MeenaDirector
James RigneyDirector
Jason BrookinsDirector
Jason DurenDirector
Jhai KeetonDirector
Jim DefoeDirector
Jim ShelsonDirector
Joey DeasonDirector
Johnny DonaldsonDirector
Johnny RayDirector
Joseph MossDirector
Joseph SimpsonDirector
Kabah EalyDirector
LA'VERNE EDNEYDirector
Lynne GreenDirector
Pablo DiazDirector
Paul BrownDirector
Paul MckenzieDirector
Peder JohnsonDirector
Robert LeardDirector
Ryal SiemDirector
Scott KashmanDirector
Tim FallonDirector
Tim MaskDirector
Tom TroxlerDirector
WILLIE O'NEALDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$632,755
Program Service Revenue
$10,250
Investment Income
$88
Other Revenue
$25,187
Change in Net Assets
$141,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$364,631
Other Expenses$162,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$258,048
Other Expenses---$61,645
Other Salaries and Wages---$53,992
Other Employee Benefits---$47,235
Interest---$22,841
Office Expenses---$20,362
All Other Expenses---$19,122
Information Technology---$12,666
Insurance---$10,950
Fees for Services Accounting---$8,250
Payroll Taxes---$3,929
Fees for Services Other---$3,349
Travel---$2,359
Pension Plan Contributions---$1,427
Occupancy---$408
Depreciation Depletion---$94
Total Functional Expenses$0$0$0$526,677
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hu MeenaDirectorProvides Phone Service Related to the Organization.No$17,400
Jeff GoodDirectorProvides for Catering for Chamber Meetings.No$4,800
Joseph SimpsonDirectorProvided the Food and Location for a Board MeetingNo$600

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$537,483$493,004▼ $44,479
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
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 990 is reviewed by the organization's president. Copies are provided to the members of the organization's governing body if requested.”

Form 990, Part VI, Section B, Line 15

“The leadership cabinet (officers) determines director compensation and other officer compensation based on economic factors and current financial ability.”

Form 990, Part VI, Section C, Line 19

“Members of the public may request an appointment to view the organization's financial statements and form 990 at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Jackson Chamber of Commerce
EIN
64-0180340
Phone
6019487575
Address
PO BOX 22548, JACKSON, MS 39225-2548
Doing Business As
Greater Jackson Chamber Partnership

Signing Officer

Name
Jeff Rent
Title
President & CEO
Phone
6019487575
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Rent
Formed
1933
Legal Domicile
Ms
Voting Board Members
39
Independent Board Members
39
Employees
4
Volunteers
0

Preparer

Firm
Haddox Reid Eubank Betts Pllc
Address
1020 HIGHLAND COLONY PKWY SUITE 600, RIDGELAND, MS 39157
Preparer
Michael H Gladney CPA
Phone
6019482924
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

“Finanical statements are prepared on a modified cash basis”

Form 990, Part XII, Line 2C

“The executive committee is responsible for the preparation and review of the organization's financial statements. The committee is also responsible for selecting and compensating an independent accountant for the role it plays in the reviewed financial statements of the organization. This process did not change during the year.”

Additional Information

“The jackson chamber of commerce and central mississippi growth foundation, both non-profit organizations, have common management, are located in the same building, share in the use of various items, and are often engaged in similar activities. For these reasons, the financial statements include the combined accounts of the chamber and the foundation. All significant interentity transactions have been eliminated in combination.”

Financial Statement Notes

PART X, LINE 2:

“The chamber is exempt under section 501(c)(6) of the internal revenue code of 1986. The chamber has filed for and received income tax exemptions in the various jurisdictions where it is required to do so. The chamber files form 990 and form 990-t tax returns in the u.s. Federal jurisdiction and in mississippi. Management of the chamber believes it has no material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm29HASTINGS PUCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm30JOHNNY RAY
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IRS990/Form990PartVIISectionAGrp/PersonNm32JIM SHELSON
IRS990/Form990PartVIISectionAGrp/PersonNm33RYAL SIEM
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IRS990/Form990PartVIISectionAGrp/PersonNm36TOM TROXLER
IRS990/Form990PartVIISectionAGrp/PersonNm37BOBBY WARE
IRS990/Form990PartVIISectionAGrp/PersonNm38JEFF GOOD
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IRS990/Form990PartVIISectionAGrp/PersonNm40DEBI GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm41JEFF RENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$257,146
Liabilities
$500,629
Net assets
-$243,483
Revenue
$668,280
Expenses
$526,677
Net income
$141,603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.24$0.39$0.15$0.65$0.68$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.43$0.14$0.71$0.60$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.48$0.26$0.57$0.59$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.50$0.24$0.67$0.53$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.55$0.39$0.61$0.55$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.56$0.45$0.19$0.89$0.70
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.61$0.25$1.30$1.36$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.00$0.69$0.31$1.64$1.38$0.27
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.95$0.05$1.47$1.61$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.85$0.19$2.01$2.04$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.23$1.02$0.22$2.44$2.64$0.20
2013Detailed filing. Detailed filing data is available for this year.$1.44$1.02$0.42$2.74$2.50$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$1.05$0.18$2.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$1.14$0.27$2.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$1.15$0.14$2.36