Civic Intelligence

Meridian Art Association Inc.

990EZ • Fiscal year 2021 • EIN 64-6036338

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 28, 2022

Organization Profilewww.meridianmuseum.org
P O Box 2090Meridian, MS 39302

(601) 693-1501

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

50th percentile

8.9%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

65th percentile

20%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

-17%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$485,455

Up $80,422 (+20%) from 2020

Net Assets

Up

$482,681

Up $79,802 (+20%) from 2020

Liabilities

Up

$2,774

Up $620 (+29%) from 2020

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin50th percentile

Revenue

Down

$133,428

Down $27,389 (-17%) from 2020

Expenses

Down

$121,537

Down $12,328 (-9.2%) from 2020

Net Income

Down

$11,891

Down $15,061 (-56%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$800K$600K$400K$200K$0Assets 2011: $275,275Liabilities 2011: $1,5042011Assets 2012: $322,479Liabilities 2012: $1,5162012Assets 2013: $281,770Liabilities 2013: $1,6612013Assets 2014: $290,543Liabilities 2014: $1,6672014Assets 2015: $286,656Liabilities 2015: $2,3392015Assets 2016: $283,330Liabilities 2016: $2,3542016Assets 2017: $292,934Liabilities 2017: $3,3312017Assets 2018: $367,676Liabilities 2018: $28,652Net Assets 2018: $339,0242018Assets 2019: $380,808Liabilities 2019: $4,881Net Assets 2019: $375,9602019Assets 2020: $405,033Liabilities 2020: $2,154Net Assets 2020: $402,8792020Assets 2021: $485,455Liabilities 2021: $2,774Net Assets 2021: $482,6812021Assets 2022: $466,234Liabilities 2022: $3,591Net Assets 2022: $462,6432022Assets 2023: $490,722Liabilities 2023: $3,578Net Assets 2023: $487,1442023Assets 2024: $524,198Liabilities 2024: $4,117Net Assets 2024: $520,0812024Assets 2025: $735,501Liabilities 2025: $5Net Assets 2025: $735,4962025

Highlighted filing

2021

Assets$485,455
Liabilities$2,774
Net Assets$482,681
Open 2021 Filing

Operations Trend

Revenue Growth33rd percentile

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

$400K$200K$0-$200KRevenue 2011: $148,805Expenses 2011: $138,242Net Income 2011: $10,5632011Revenue 2012: $173,198Expenses 2012: $129,295Net Income 2012: $43,9032012Revenue 2013: $107,555Expenses 2013: $148,409Net Income 2013: -$40,8542013Revenue 2014: $144,303Expenses 2014: $135,536Net Income 2014: $8,7672014Revenue 2015: $120,120Expenses 2015: $124,113Net Income 2015: -$3,9932015Revenue 2016: $133,369Expenses 2016: $136,710Net Income 2016: -$3,3412016Revenue 2017: $124,892Expenses 2017: $115,765Net Income 2017: $9,1272017Revenue 2018: $171,231Expenses 2018: $121,757Net Income 2018: $49,4742018Revenue 2019: $174,570Expenses 2019: $137,999Net Income 2019: $36,5712019Revenue 2020: $160,817Expenses 2020: $133,865Net Income 2020: $26,9522020Revenue 2021: $133,428Expenses 2021: $121,537Net Income 2021: $11,8912021Revenue 2022: $182,897Expenses 2022: $185,566Net Income 2022: -$2,6692022Revenue 2023: $183,638Expenses 2023: $169,019Net Income 2023: $14,6192023Revenue 2024: $214,324Expenses 2024: $181,387Net Income 2024: $32,9372024Revenue 2025: $396,954Expenses 2025: $181,539Net Income 2025: $215,4152025

Highlighted filing

2021

Revenue$133,428
Expenses$121,537
Net Income$11,891
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 28, 2022
Return Version
2020v4.1
Gross Receipts
$133,428
Mission and Program Overview

Mission

SEE ATTACHED STATEMENT

Program Services

DescriptionGrantsExpenses
CHILDRENS' ART CLASSES - YEAR-ROUND CLASSES INTENDED TO TEACH CHILDREN ART SKILLS AND APPRECIATION AND TO INCREASE THEIR INTEREST IN THE MUSEUM.--
PEOPLE'S CHOICE AND BI-STATE ART COMPETITION - OPEN ART COMPETITION FOR ARTISTS OF ALL LEVELS THAT ENABLES MUSEUM VISITORS TO PARTICIPATE.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEITH EVERETTPresidentPT$0--
DAVID BARRPast PresidentPT$0--
LIZA RANDALLComptrollerPT$0--
JOHN NORTHAMTreasurerPT$0--
DIANE BURNHAMSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Meridian Art Association Inc
EIN
64-6036338
In Care Of
% GEORGE R REA JR
Phone
6016931501
Address
P O BOX 2090, MERIDIAN, MS 39302

Signing Officer

Name
Kate Cherry
Title
Executive Director
Phone
6016932841
Signed
2022-02-28
Discuss with paid preparer
Yes

Preparer

Firm
Rea Shaw Giffin & Stuart Llp
Address
PO Box 2090, MERIDIAN, MS 39302
Preparer
George R Rea Jr
Phone
6016932841
Supplemental Narrative

Additional Explanations

PART 1; LINE 20

“An understatement of the organization's assets in the amount of $3,289 was discovered in the current year. Accordingly, an adjustment was made to increase beginning net assets during fy 2012.”

Form 990EZ Part I Line 8

“Description:MISCELLANEOUS INCOME Amount:500”

Form 990EZ Part I Line 16

“Description:ARTIST WORK/CLASSES Amount:10432”

Form 990EZ Part I Line 16

“Description:THREEFOOT FESTIVAL COST Amount:282”

Form 990EZ Part I Line 16

“Description:ENDOWMENT AWARDS & GRANTS Amount:4817”

Form 990EZ Part I Line 16

“Description:MUSEUM ART PURCHASES Amount:32”

Form 990EZ Part I Line 16

“Description:ADVERTISING & PUBLICITY Amount:3897”

Form 990EZ Part I Line 16

“Description:BANK CHARGES Amount:2643”

Form 990EZ Part I Line 16

“Description:DUES & SUBSCRIPTION Amount:677”

Form 990EZ Part I Line 16

“Description:INSURANCE Amount:5887”

Form 990EZ Part I Line 16

“Description:PATRONS PARTY”

Form 990EZ Part I Line 16

“Description:REPAIRS & MAINTENANCE Amount:1143”

Form 990EZ Part I Line 16

“Description:PERMANENT COLLECTION PURCHASE”

Form 990EZ Part I Line 16

“Description:SHOWS & RECEPTIONS Amount:934”

Form 990EZ Part I Line 16

“Description:STORAGE FEES Amount:1255”

Form 990EZ Part I Line 16

“Description:UTILITIES Amount:5619”

Form 990EZ Part I Line 16

“Description:MEALS & GIFTS (50%) Amount:1295”

Form 990EZ Part I Line 16

“Description:ENDOWMENT FEES Amount:2634”

Form 990EZ Part I Line 16

“Description:INVESTMENT FEES Amount:175”

Form 990EZ Part I Line 20

“Description:PRIOR PERIOD ADJUSTMENT Amount:58329”

Form 990EZ Part I Line 20

“Description:UNREALIZED GAIN ON INVESTMENT Amount:9582”

Raw XML Appendix238 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OtherChangesInNetAssetsAmt067911
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PEOPLE'S CHOICE AND BI-STATE ART COMPETITION - OPEN ART COMPETITION FOR ARTISTS OF ALL LEVELS THAT ENABLES MUSEUM VISITORS TO PARTICIPATE.
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IRS990EZ/WebsiteAddressTxt0www.meridianmuseum.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0594694
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014645
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0150674
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IRS990ScheduleA/InvestmentIncomeCYPct00.01852
IRS990ScheduleA/InvestmentIncomePYPct00.01600
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN UNDERSTATEMENT OF THE ORGANIZATION'S ASSETS IN THE AMOUNT OF $3,289 WAS DISCOVERED IN THE CURRENT YEAR. ACCORDINGLY, AN ADJUSTMENT WAS MADE TO INCREASE BEGINNING NET ASSETS DURING FY 2012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:MISCELLANEOUS INCOME Amount:500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:ARTIST WORK/CLASSES Amount:10432
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:THREEFOOT FESTIVAL COST Amount:282
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:ENDOWMENT AWARDS & GRANTS Amount:4817
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description:MUSEUM ART PURCHASES Amount:32
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description:ADVERTISING & PUBLICITY Amount:3897
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description:BANK CHARGES Amount:2643
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description:DUES & SUBSCRIPTION Amount:677
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Description:INSURANCE Amount:5887
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Description:PATRONS PARTY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Description:REPAIRS & MAINTENANCE Amount:1143
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Description:PERMANENT COLLECTION PURCHASE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Description:SHOWS & RECEPTIONS Amount:934
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Description:STORAGE FEES Amount:1255
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Description:UTILITIES Amount:5619
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Description:MEALS & GIFTS (50%) Amount:1295
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Description:ENDOWMENT FEES Amount:2634
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Description:INVESTMENT FEES Amount:175
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Description:PRIOR PERIOD ADJUSTMENT Amount:58329
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Description:UNREALIZED GAIN ON INVESTMENT Amount:9582
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1; LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17FORM 990EZ PART I LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19FORM 990EZ PART I LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20FORM 990EZ PART I LINE 20
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATE CHERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06016932841
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERIDIAN ART ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MERI
ReturnHeader/Filer/EIN0646036338
ReturnHeader/Filer/InCareOfNm0% GEORGE R REA JR
ReturnHeader/Filer/PhoneNum06016931501
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 2090
ReturnHeader/Filer/USAddress/CityNm0MERIDIAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REA SHAW GIFFIN & STUART LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 2090
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERIDIAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039302
ReturnHeader/PreparerPersonGrp/PhoneNum06016932841
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE R REA JR
ReturnHeader/ReturnTs02022-02-25T13:33:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHERRY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

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

Open filing
Assets
$485,455
Liabilities
$2,774
Net assets
$482,681
Revenue
$133,428
Expenses
$121,537
Net income
$11,891
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.36$0.00$7.35$3.97$1.82$2.15
2024Detailed filing. Detailed filing data is available for this year.$5.24$0.04$5.20$2.14$1.81$0.33
2023Detailed filing. Detailed filing data is available for this year.$4.91$0.04$4.87$1.84$1.69$0.15
2022Detailed filing. Detailed filing data is available for this year.$4.66$0.04$4.63$1.83$1.86$0.03
2021Detailed filing. Detailed filing data is available for this year.$4.85$0.03$4.83$1.33$1.22$0.12
2020Detailed filing. Detailed filing data is available for this year.$4.05$0.02$4.03$1.61$1.34$0.27
2019Detailed filing. Detailed filing data is available for this year.$3.81$0.05$3.76$1.75$1.38$0.37
2018Detailed filing. Detailed filing data is available for this year.$3.68$0.29$3.39$1.71$1.22$0.49
2017Summary only. Only limited summary data is available for this year.$2.93$0.03$1.25$1.16$0.09
2016Summary only. Only limited summary data is available for this year.$2.83$0.02$1.33$1.37$0.03
2015Summary only. Only limited summary data is available for this year.$2.87$0.02$1.20$1.24$0.04
2014Summary only. Only limited summary data is available for this year.$2.91$0.02$1.44$1.36$0.09
2013Summary only. Only limited summary data is available for this year.$2.82$0.02$1.08$1.48$0.41
2012Summary only. Only limited summary data is available for this year.$3.22$0.02$1.73$1.29$0.44
2011Summary only. Only limited summary data is available for this year.$2.75$0.02$1.49$1.38$0.11