Civic Intelligence

Southeast Mississippi Community Investment Corporation

990 • Fiscal year 2021 • EIN 64-0833343

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 02, 2022

Organization ProfileN/A
One Convention Center PlazaHattiesburg, MS 39401

(601) 296-7500

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.38x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-75%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

-0.5%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

0.1%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$1,238,743

Down $6,469 (-0.5%) from 2020

Net Assets

Down

$1,225,174

Down $7,318 (-0.6%) from 2020

Liabilities

Up

$13,569

Up $849 (+6.7%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin4th percentile

Revenue

Up

$9,813

Up $8 (+0.1%) from 2020

Expenses

Up

$17,131

Up $6,839 (+66%) from 2020

Net Income

Down

-$7,318

Down $6,831 (-1403%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$1.5M$1.0M$500K$0Assets 2008: $1,315,262Liabilities 2008: $99,681Net Assets 2008: $1,215,5812008Assets 2009: $1,273,581Liabilities 2009: $75,000Net Assets 2009: $1,198,5812009Assets 2010: $1,311,388Liabilities 2010: $101,681Net Assets 2010: $1,209,7072010Assets 2017: $1,248,563Liabilities 2017: $11,124Net Assets 2017: $1,237,4392017Assets 2018: $1,246,885Liabilities 2018: $11,998Net Assets 2018: $1,234,8872018Assets 2019: $1,245,059Liabilities 2019: $12,080Net Assets 2019: $1,232,9792019Assets 2020: $1,245,212Liabilities 2020: $12,720Net Assets 2020: $1,232,4922020Assets 2021: $1,238,743Liabilities 2021: $13,569Net Assets 2021: $1,225,1742021Assets 2022: $1,239,553Liabilities 2022: $14,434Net Assets 2022: $1,225,1192022Assets 2023: $1,251,666Liabilities 2023: $15,407Net Assets 2023: $1,236,2592023Assets 2024: $1,282,795Liabilities 2024: $16,189Net Assets 2024: $1,266,6062024

Highlighted filing

2021

Assets$1,238,743
Liabilities$13,569
Net Assets$1,225,174
Open 2021 Filing

Operations Trend

Revenue Growth36th percentile

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

$60K$40K$20K$0-$20KRevenue 2008: $34,430Expenses 2008: $29,989Net Income 2008: $4,4412008Revenue 2009: $11,367Expenses 2009: $28,364Net Income 2009: -$16,9972009Revenue 2010: $40,365Expenses 2010: $29,239Net Income 2010: $11,1262010Revenue 2017: $10,128Expenses 2017: $11,727Net Income 2017: -$1,5992017Revenue 2018: $14,819Expenses 2018: $17,371Net Income 2018: -$2,5522018Revenue 2019: $9,340Expenses 2019: $11,248Net Income 2019: -$1,9082019Revenue 2020: $9,805Expenses 2020: $10,292Net Income 2020: -$4872020Revenue 2021: $9,813Expenses 2021: $17,131Net Income 2021: -$7,3182021Revenue 2022: $10,500Expenses 2022: $10,555Net Income 2022: -$552022Revenue 2023: $26,584Expenses 2023: $15,444Net Income 2023: $11,1402023Revenue 2024: $44,267Expenses 2024: $13,920Net Income 2024: $30,3472024

Highlighted filing

2021

Revenue$9,813
Expenses$17,131
Net Income-$7,318
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 2, 2022
Return Version
2021v4.2
Gross Receipts
$9,813
Mission and Program Overview

Mission

To provide low interest loans and loan guarantees to small and minority businesses located in southeast mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,125,073$1,063,104▼ $61,969
Other Notes and Loans Receivable, Net$117,392$174,119▲ $56,727
Cash and Non-Interest-Bearing Accounts$2,747$1,520▼ $1,227
Total Assets$1,245,212$1,238,743▼ $6,469
Liabilities
Unsecured Notes Loans Payable$12,720$13,483▲ $763
Accounts Payable and Accrued Expenses-$86-
Total Liabilities$12,720$13,569▲ $849
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,152,807$1,150,488▼ $2,319
Net Assets Without Donor Restrictions$79,685$74,686▼ $4,999
Total Net Assets Fund Balance$1,232,492$1,225,174▼ $7,318
Total Liabilities and Net Assets / Fund Balance$1,245,212$1,238,743▼ $6,469
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Carol DanielChair
Landon WoodallImmediate Past Chair
Chad NewellPresident
Jamie FuquaVice Chair
Adam RobertsBank Representative
Brandon HubbardBank Representative
Amber SumrallCommunity Representative
Amber TravisCommunity Representative
April MannCommunity Representative
Dr Lara OtaigbeCommunity Representative
James WilcoxCommunity Representative
Mark GrahamCommunity Representative
Nick FairleyCommunity Representative
Sam SacklerCommunity Representative
Sam BilboSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,442
Investment Income
$371
Other Revenue
$0
Change in Net Assets
$-7,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,813
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$37,820
Total Revenue per Audited Statements
$47,633
Total Revenue per Form 990
$9,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,131
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
Fees for Services Accounting-$7,750-$7,750
Insurance-$1,040-$1,040
Office Expenses-$933-$933
Interest$763--$763
Other Expenses$6,303$342-$342
Total Functional Expenses$7,066$10,065$0$17,131

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$54,951
Expenses Not Reported on Form 990$37,820
Expenses per Audited Statements$17,131
Total Expenses per Form 990$17,131
Expenses Not Reported on Financial Statements$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization engages area development partnership to perform management duties.”

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

“The organization's board of directors reviews and approves form 990 prior to filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and financial statements available upon request”

Filing and Contact Details

Filer

Filer Name
Southeast Mississippi Community
EIN
64-0833343
Phone
6012967500
Address
ONE CONVENTION CENTER PLAZA, HATTIESBURG, MS 39401

Signing Officer

Name
Chad Newell
Title
President
Phone
6012967500
Signed
2022-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Newell
Formed
1993
Legal Domicile
Ms
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Tmh
Address
P O DRAWER 15099, HATTIESBURG, MS 39404-5099
Preparer
Paige M Johnson CPA
Phone
6012643519
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Board of directors assumes responsibility of the audit of its financial statements and selection of an independent accountant. Process has not changed from prior year.”

Raw XML Appendix389 raw XML fields

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/ReconcilationRevenueExpnssAmt0-7318
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09442
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01125073
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01063104
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt037820
IRS990ScheduleD/DonatedServicesUseFcltsAmt037820
IRS990ScheduleD/ExpensesNotReportedAmt037820
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt017131
IRS990ScheduleD/RevenueNotReportedAmt037820
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09813
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt017131
IRS990ScheduleD/TotalRevenuePerForm990Amt09813
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt047633
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt054951
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENGAGES AREA DEVELOPMENT PARTNERSHIP TO PERFORM MANAGEMENT DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS ASSUMES RESPONSIBILITY OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01245212
IRS990/TotalAssetsEOYAmt01238743
IRS990/TotalAssetsGrp/BOYAmt01245212
IRS990/TotalAssetsGrp/EOYAmt01238743
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010065
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07066
IRS990/TotalFunctionalExpensesGrp/TotalAmt017131
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012720
IRS990/TotalLiabilitiesEOYAmt013569
IRS990/TotalLiabilitiesGrp/BOYAmt012720
IRS990/TotalLiabilitiesGrp/EOYAmt013569
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01232492
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01225174
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt07066
IRS990/TotalProgramServiceRevenueAmt09442
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0371
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09442
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09813
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01245212
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01238743
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt012720
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt013483
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE CONVENTION CENTER PLAZA
IRS990/USAddress/CityNm0HATTIESBURG
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039401
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD NEWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06012967500
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHEAST MISSISSIPPI COMMUNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INVESTMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0640833343
ReturnHeader/Filer/PhoneNum06012967500
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE CONVENTION CENTER PLAZA
ReturnHeader/Filer/USAddress/CityNm0HATTIESBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TMH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O DRAWER 15099
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HATTIESBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0394045099
ReturnHeader/PreparerPersonGrp/PhoneNum06012643519
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAIGE M JOHNSON CPA
ReturnHeader/ReturnTs02022-06-02T09:11:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHAD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEWELL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,238,743
Liabilities
$13,569
Net assets
$1,225,174
Revenue
$9,813
Expenses
$17,131
Net income
-$7,318
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.02$1.27$0.04$0.01$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.24$0.03$0.02$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.01$0.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.01$0.02$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.23$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.23$0.01$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.23$0.01$0.02$0.00
2017Summary only. Only limited summary data is available for this year.$1.25$0.01$1.24$0.01$0.01$0.00
2010Summary only. Only limited summary data is available for this year.$1.31$0.10$1.21$0.04$0.03$0.01
2009Summary only. Only limited summary data is available for this year.$1.27$0.08$1.20$0.01$0.03$0.02
2008Summary only. Only limited summary data is available for this year.$1.32$0.10$1.22$0.03$0.03$0.00