Civic Intelligence

Mississippi State University Research & Technology Corporation

990 • Fiscal year 2017 • EIN 64-0923875

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 05, 2017

Organization ProfileN/A
PO Box 6343Mississippi State, MS 39762

(662) 325-6849

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

6.64x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

18th percentile

$134,284

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

24th percentile

-1.2%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-4.2%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$31,415,993

Down $393,811 (-1.2%) from 2016

Net Assets

Up

$5,441,906

Up $593,259 (+12%) from 2016

Liabilities

Down

$25,974,087

Down $987,070 (-3.7%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin74th percentile

Revenue

Down

$3,914,485

Down $172,428 (-4.2%) from 2016

Expenses

Down

$3,321,227

Down $692,120 (-17%) from 2016

Net Income

Up

$593,258

Up $519,692 (+706%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$100M$50M$0Assets 2011: $23,659,223Liabilities 2011: $19,930,479Net Assets 2011: $3,728,7442011Assets 2012: $31,624,386Liabilities 2012: $27,829,465Net Assets 2012: $3,794,9212012Assets 2013: $32,368,653Liabilities 2013: $28,446,655Net Assets 2013: $3,921,9982013Assets 2014: $33,143,046Liabilities 2014: $28,792,373Net Assets 2014: $4,350,6732014Assets 2015: $33,063,808Liabilities 2015: $28,288,726Net Assets 2015: $4,775,0822015Assets 2016: $31,809,804Liabilities 2016: $26,961,157Net Assets 2016: $4,848,6472016Assets 2017: $31,415,993Liabilities 2017: $25,974,087Net Assets 2017: $5,441,9062017Assets 2018: $30,798,072Liabilities 2018: $25,055,384Net Assets 2018: $5,742,6882018Assets 2019: $35,971,040Liabilities 2019: $29,627,983Net Assets 2019: $6,343,0572019Assets 2020: $35,915,809Liabilities 2020: $28,859,224Net Assets 2020: $7,056,5852020Assets 2021: $34,597,570Liabilities 2021: $27,365,629Net Assets 2021: $7,231,9412021Assets 2022: $38,851,102Liabilities 2022: $31,448,163Net Assets 2022: $7,402,9392022Assets 2023: $41,884,728Liabilities 2023: $33,720,470Net Assets 2023: $8,164,2582023Assets 2024: $56,225,755Liabilities 2024: $49,249,431Net Assets 2024: $6,976,3242024Assets 2025: $80,401,127Liabilities 2025: $69,758,537Net Assets 2025: $10,642,5902025

Highlighted filing

2017

Assets$31,415,993
Liabilities$25,974,087
Net Assets$5,441,906
Open 2017 Filing

Operations Trend

Revenue Growth22nd percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $791,0502011Expenses 2012: $1,479,1972012Expenses 2013: $2,882,4152013Revenue 2014: $3,277,298Expenses 2014: $2,848,620Net Income 2014: $428,6782014Revenue 2015: $4,013,467Expenses 2015: $3,589,058Net Income 2015: $424,4092015Revenue 2016: $4,086,913Expenses 2016: $4,013,347Net Income 2016: $73,5662016Revenue 2017: $3,914,485Expenses 2017: $3,321,227Net Income 2017: $593,2582017Revenue 2018: $3,684,809Expenses 2018: $3,384,028Net Income 2018: $300,7812018Revenue 2019: $3,617,758Expenses 2019: $3,017,389Net Income 2019: $600,3692019Revenue 2020: $4,023,117Expenses 2020: $3,456,752Net Income 2020: $566,3652020Revenue 2021: $3,921,449Expenses 2021: $3,709,751Net Income 2021: $211,6982021Revenue 2022: $3,819,155Expenses 2022: $3,619,458Net Income 2022: $199,6972022Revenue 2023: $5,292,653Expenses 2023: $4,502,609Net Income 2023: $790,0442023Revenue 2024: $5,382,782Expenses 2024: $6,541,991Net Income 2024: -$1,159,2092024Revenue 2025: $9,146,909Expenses 2025: $5,468,438Net Income 2025: $3,678,4712025

Highlighted filing

2017

Revenue$3,914,485
Expenses$3,321,227
Net Income$593,258
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 5, 2017
Return Version
2016v3.0
Gross Receipts
$3,915,915
Mission and Program Overview

Mission

To encourage and promote new technologies and research by working with business, industry and mississippi state university.

Encourage & promote new technologies & research by working with business, industry and msu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,237,294$29,657,994▼ $579,300
Cash and Non-Interest-Bearing Accounts$1,439,863$1,562,649▲ $122,786
Accounts Receivable$98,658$113,666▲ $15,008
Other Notes and Loans Receivable, Net$4,854$50,000▲ $45,146
Prepaid Expenses and Deferred Charges$29,129$31,678▲ $2,549
Investments Other Securities$6$6→ $0
Total Assets$31,809,804$31,415,993▼ $393,811
Liabilities
Other Liabilities$24,876,340$24,010,564▼ $865,776
Unsecured Notes Loans Payable$1,898,601$1,858,742▼ $39,859
Accounts Payable and Accrued Expenses$153,371$71,936▼ $81,435
Deferred Revenue$32,845$32,845→ $0
Total Liabilities$26,961,157$25,974,087▼ $987,070
Net Assets / Fund Balance
Unrestricted Net Assets$4,848,647$5,441,906▲ $593,259
Total Net Assets Fund Balance$4,848,647$5,441,906▲ $593,259
Total Liabilities and Net Assets / Fund Balance$31,809,804$31,415,993▼ $393,811

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,609,151$5,627,440-
Other Land Buildings$176,789$72,334-
Land$2,133,986--
Equipment$37,540$324,024-
Leasehold Improvements$2,700,528$703,885-
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Marc McgeeDirectorFT$134,284$134,284

Board Members and Trustees

NameTitle
David ShawPresident
Gregory BohachVice President
David LathamBoard Member
Glenn McculloughBoard Member
Greg HinkebeinBoard Member
John M HairstonBoard Member
John RushBoard Member
Judy BonnerBoard Member
Joan LucasSecretary/general Counsel
Don ZantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,124,582
Program Service Revenue
$32,822
Investment Income
$15,526
Other Revenue
$1,741,555
All Other Contributions
$480,595
Change in Net Assets
$593,258

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$480,000Real Estate Appraisal
Total Noncash Contributions1$480,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,914,486
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,708
Total Revenue per Audited Statements
$3,911,778
Total Revenue per Form 990
$3,914,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,056,260
Salaries, Compensation, and Employee Benefits$264,967
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,080,756--$1,080,756
Occupancy$311,709$414,116-$725,825
Other Salaries and Wages-$264,967-$264,967
All Other Expenses$35,278$32,459-$67,737
Insurance$47,822$12,801-$60,623
Other Expenses$42,559--$42,559
Fees for Services Accounting-$12,822-$12,822
Fees for Services Legal-$10,161-$10,161
Travel-$4,511-$4,511
Total Functional Expenses$2,569,390$751,837$0$3,321,227

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,387,430
Total Expenses per Audited Statements$3,387,430
Total Expenses per Form 990$3,321,226
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-66,204
Other Expense Adjustments$-66,204
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Grant Income$24,010,239
Security Deposits$325
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
No

Governance Explanations

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

“The manager is given the authority by the board of directors to review the 990 with the cpa.”

Form 990, Part VI, Section C, line 19

“The corporation's financial statements are available for inspection by the public upon request, in its office.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“David shaw - p.o. Box 6343, mississippi state, ms 39762. Gregory bohach - p.o. Box 9800, mississippi state, ms 39762. Don zant - p.o. Box 6018, mississippi state, ms 39762. Joan lucas - p.o. Box 6171, mississippi state, ms 39762. Marc mcgee - 100 research blvd, suite 105, starkville, ms 39759. David latham - 72 fern glade cove, memphis, tn 38018. John m. Hairston - p o box 4019, gulfport, ms 39502. John rush - p o box 6149, mississippi state, ms 39762.”

Filing and Contact Details

Filer

Filer Name
Mississippi State University
EIN
64-0923875
Phone
6623256849
Address
PO BOX 6343, MISSISSIPPI STATE, MS 39762

Signing Officer

Name
Marc Mcgee
Title
Director
Phone
6623256849
Signed
2017-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Mcgee
Formed
1997
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
T E LOTT & COMPANY CPA'S
Address
PO BOX 80282, STARKVILLE, MS 39759-0282
Preparer
Jeffry H Read CPA
Phone
6623231234
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“ROUNDING DIFFERENCE 1.”

FORM 990, PART XI, LINE 2C

“Board of directors assumes responsibility for oversight and selection of the independent auditor.”

Financial Statement Notes

Part X, Line 2:

“ASC Topic 740, Income Taxes, provides guidance on financial statement recognition and measurement of tax position taken, or expected to be taken, in tax returns. ASC Topic 740 requires an evaluation of tax positions to determine if the tax positions will more likely than not be sustainable upon examination by the appropriate tax authority. The Corporation, at June 30, 2017, had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Corporation's federal information returns for the year 2011 and subsequent years remain subject to examination by tax authorities.”

Part XI, Line 2D - Other Adjustments:

“Book/tax gain difference -2,708.”

Part XII, Line 4B - Other Adjustments:

“Book/tax depreciation difference -66,204. Rounding variance”

Raw XML AppendixShowing 400 of 522 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/NoncashContributionsAmt0480595
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0414116
IRS990/OccupancyGrp/ProgramServicesAmt0311709
IRS990/OccupancyGrp/TotalAmt0725825
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0Consultants
IRS990/OtherExpensesGrp/Desc1Facilities and equipmen
IRS990/OtherExpensesGrp/Desc2Headcount - Stennis
IRS990/OtherExpensesGrp/Desc3Custodial Services
IRS990/OtherExpensesGrp/ProgramServicesAmt0813975
IRS990/OtherExpensesGrp/ProgramServicesAmt1170081
IRS990/OtherExpensesGrp/ProgramServicesAmt267210
IRS990/OtherExpensesGrp/ProgramServicesAmt342559
IRS990/OtherExpensesGrp/TotalAmt0813975
IRS990/OtherExpensesGrp/TotalAmt1170081
IRS990/OtherExpensesGrp/TotalAmt267210
IRS990/OtherExpensesGrp/TotalAmt342559
IRS990/OtherLiabilitiesGrp/BOYAmt024876340
IRS990/OtherLiabilitiesGrp/EOYAmt024010564
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0601070
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0601070
IRS990/OtherRevenueTotalAmt0601070
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0264967
IRS990/OtherSalariesAndWagesGrp/TotalAmt0264967
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04854
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt050000
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029129
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031678
IRS990/PrincipalOfficerNm0MARC MCGEE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Prog.serv.revenue-Related-990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032822
IRS990/ProgSrvcAccomActy2Grp/Desc0BUILDING AND MAINTENANCE TO MAINTAIN THE UPKEEP OF BUILDINGS CONSTRUCTED FOR THE PURPOSE OF HOUSING RESEARCH AND DEVELOPMENT ACTIVITIES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01796777
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01140485
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02124103
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1844
IRS990/PYOtherExpensesAmt03747173
IRS990/PYOtherRevenueAmt01926421
IRS990/PYProgramServiceRevenueAmt038233
IRS990/PYRevenuesLessExpensesAmt073566
IRS990/PYSalariesCompEmpBnftPaidAmt0266174
IRS990/PYTotalExpensesAmt04013347
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04086913
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0593258
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0778186
IRS990/RentalIncomeOrLossGrp/RealAmt01140485
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0649418
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02124582
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02124103
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02091854
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01523554
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01801085
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09665178
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0-1844
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt020366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05575
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03280
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01140485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01252149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01361094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01312870
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01028642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06095240
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015526
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0-1844
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt020366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05575
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03280
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042903
IRS990ScheduleA/InvestmentIncomeCYPct00.00230
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0634488
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0748350
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0529610
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0435299
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0208515
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02556262
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85840
IRS990ScheduleA/PublicSupportPY509Pct00.87700
IRS990ScheduleA/PublicSupportTotal509Amt015760418
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03265067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03376252
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03452948
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02836424
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02829727
IRS990ScheduleA/Total509Grp/TotalAmt015760418
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03915081
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04122758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04002924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03277298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03041522
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018359583
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt024609151
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05627440
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt030236591
IRS990ScheduleD/EquipmentGrp/BookValueAmt037540
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0324024
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0361564
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-66204
IRS990ScheduleD/ExpensesSubtotalAmt03387430
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02133986
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02133986
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02700528
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0703885
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt03404413
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-66204
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0176789
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt072334
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0249123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024010239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED GRANT INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0-2708
IRS990ScheduleD/RevenueNotReportedAmt0-2708
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03914486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC Topic 740, Income Taxes, provides guidance on financial statement recognition and measurement of tax position taken, or expected to be taken, in tax returns. ASC Topic 740 requires an evaluation of tax positions to determine if the tax positions will more likely than not be sustainable upon examination by the appropriate tax authority. The Corporation, at June 30, 2017, had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Corporation's federal information returns for the year 2011 and subsequent years remain subject to examination by tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX GAIN DIFFERENCE -2,708.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DEPRECIATION DIFFERENCE -66,204. ROUNDING VARIANCE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029657994
IRS990ScheduleD/TotalExpensesPerForm990Amt03321226
IRS990ScheduleD/TotalLiabilityAmt024010564
IRS990ScheduleD/TotalRevenuePerForm990Amt03914486
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03911778
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03387430
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0REAL ESTATE APPRAISAL
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0480000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGER IS GIVEN THE AUTHORITY BY THE BOARD OF DIRECTORS TO REVIEW THE 990 WITH THE CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST, IN ITS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DAVID SHAW - P.O. BOX 6343, MISSISSIPPI STATE, MS 39762. GREGORY BOHACH - P.O. BOX 9800, MISSISSIPPI STATE, MS 39762. DON ZANT - P.O. BOX 6018, MISSISSIPPI STATE, MS 39762. JOAN LUCAS - P.O. BOX 6171, MISSISSIPPI STATE, MS 39762. MARC MCGEE - 100 RESEARCH BLVD, SUITE 105, STARKVILLE, MS 39759. DAVID LATHAM - 72 FERN GLADE COVE, MEMPHIS, TN 38018. JOHN M. HAIRSTON - P O BOX 4019, GULFPORT, MS 39502. JOHN RUSH - P O BOX 6149, MISSISSIPPI STATE, MS 39762.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING DIFFERENCE 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VII Contact Addresses for Officers, Directors, Etc
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,415,993
Liabilities
$25,974,087
Net assets
$5,441,906
Revenue
$3,914,485
Expenses
$3,321,227
Net income
$593,258
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$80.4$69.8$10.6$9.15$5.47$3.68
2024Detailed filing. Detailed filing data is available for this year.$56.2$49.2$6.98$5.38$6.54$1.16
2023Detailed filing. Detailed filing data is available for this year.$41.9$33.7$8.16$5.29$4.50$0.79
2022Detailed filing. Detailed filing data is available for this year.$38.9$31.4$7.40$3.82$3.62$0.20
2021Detailed filing. Detailed filing data is available for this year.$34.6$27.4$7.23$3.92$3.71$0.21
2020Detailed filing. Detailed filing data is available for this year.$35.9$28.9$7.06$4.02$3.46$0.57
2019Detailed filing. Detailed filing data is available for this year.$36.0$29.6$6.34$3.62$3.02$0.60
2018Detailed filing. Detailed filing data is available for this year.$30.8$25.1$5.74$3.68$3.38$0.30
2017Detailed filing. Detailed filing data is available for this year.$31.4$26.0$5.44$3.91$3.32$0.59
2016Detailed filing. Detailed filing data is available for this year.$31.8$27.0$4.85$4.09$4.01$0.07
2015Detailed filing. Detailed filing data is available for this year.$33.1$28.3$4.78$4.01$3.59$0.42
2014Detailed filing. Detailed filing data is available for this year.$33.1$28.8$4.35$3.28$2.85$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$28.4$3.92$2.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$27.8$3.79$1.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$19.9$3.73$0.79