Civic Intelligence

Mississippi First Inc.

990 • Fiscal year 2022 • EIN 80-0310153

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 12, 2022

PO Box 1159Jackson, MS 39215-1159

(601) 398-9008

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

97th percentile

91%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$122,348

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

100th percentile

1234%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

758%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,768,110

Up $8,110,682 (+1234%) from 2021

Net Assets

Up

$8,667,294

Up $8,034,859 (+1270%) from 2021

Liabilities

Up

$100,816

Up $75,823 (+303%) from 2021

Revenue

Up

$8,796,715

Up $7,771,725 (+758%) from 2021

Expenses

Down

$761,856

Down $163,482 (-18%) from 2021

Net Income

Up

$8,034,859

Up $7,935,207 (+7963%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $177,242Liabilities 2013: $0Net Assets 2013: $177,2422013Assets 2014: $734,838Liabilities 2014: $11,743Net Assets 2014: $723,0952014Assets 2015: $497,147Liabilities 2015: $45,175Net Assets 2015: $451,9722015Assets 2016: $596,445Liabilities 2016: $114,012Net Assets 2016: $482,4332016Assets 2017: $969,661Liabilities 2017: $61,861Net Assets 2017: $907,8002017Assets 2018: $868,373Liabilities 2018: $65,721Net Assets 2018: $802,6522018Assets 2019: $425,224Liabilities 2019: $14,849Net Assets 2019: $410,3752019Assets 2020: $573,126Liabilities 2020: $74,676Net Assets 2020: $498,4502020Assets 2021: $657,428Liabilities 2021: $24,993Net Assets 2021: $632,4352021Assets 2022: $8,768,110Liabilities 2022: $100,816Net Assets 2022: $8,667,2942022Assets 2023: $6,956,517Liabilities 2023: $240,839Net Assets 2023: $6,715,6782023Assets 2024: $5,134,021Liabilities 2024: $299,700Net Assets 2024: $4,834,3212024

Highlighted filing

2022

Assets$8,768,110
Liabilities$100,816
Net Assets$8,667,294

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2013: $30,5502013Revenue 2014: $1,004,692Expenses 2014: $458,839Net Income 2014: $545,8532014Revenue 2015: $337,746Expenses 2015: $608,869Net Income 2015: -$271,1232015Revenue 2016: $967,822Expenses 2016: $937,361Net Income 2016: $30,4612016Revenue 2017: $1,936,932Expenses 2017: $1,511,565Net Income 2017: $425,3672017Revenue 2018: $1,353,505Expenses 2018: $1,458,653Net Income 2018: -$105,1482018Revenue 2019: $1,480,787Expenses 2019: $1,873,064Net Income 2019: -$392,2772019Revenue 2020: $1,241,137Expenses 2020: $1,153,062Net Income 2020: $88,0752020Revenue 2021: $1,024,990Expenses 2021: $925,338Net Income 2021: $99,6522021Revenue 2022: $8,796,715Expenses 2022: $761,856Net Income 2022: $8,034,8592022Revenue 2023: $465,618Expenses 2023: $2,417,234Net Income 2023: -$1,951,6162023Revenue 2024: $996,445Expenses 2024: $2,877,802Net Income 2024: -$1,881,3572024

Highlighted filing

2022

Revenue$8,796,715
Expenses$761,856
Net Income$8,034,859
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 12, 2022
Return Version
2021v4.2
Gross Receipts
$8,796,715
Mission and Program Overview

Mission

Mississippi First champions transformative policy solutions ensuring educational excellence for every Misssissippi child.

Mississippi first champions transformative policy solutions for every mississippi child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$50,000$5,288,612▲ $5,238,612
Cash and Non-Interest-Bearing Accounts$593,156$3,453,136▲ $2,859,980
Land, Buildings, and Equipment, Net$14,272$23,758▲ $9,486
Accounts Receivable-$2,604-
Total Assets$657,428$8,768,110▲ $8,110,682
Liabilities
Accounts Payable and Accrued Expenses$24,993$100,816▲ $75,823
Total Liabilities$24,993$100,816▲ $75,823
Net Assets / Fund Balance
Net Assets With Donor Restrictions$465,590$8,503,927▲ $8,038,337
Net Assets Without Donor Restrictions$166,845$163,367▼ $3,478
Total Net Assets Fund Balance$632,435$8,667,294▲ $8,034,859
Total Liabilities and Net Assets / Fund Balance$657,428$8,768,110▲ $8,110,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,758$48,366$72,124
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel CanterExecutive DirectorFT$112,407$9,941$122,348

Board Members and Trustees

NameTitle
Lekesha PerryChair
Adam SmithBoard Member
Kate GluckmanBoard Member
Timothy AbramBoard Member
Catoria Martin EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,795,996
Program Service Revenue
$0
Investment Income
$596
Other Revenue
$123
All Other Contributions
$8,795,996
Change in Net Assets
$8,034,859

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,796,715
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,796,715
Total Revenue per Form 990
$8,796,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$566,870
Other Expenses$194,986
Total Fundraising Expense$15,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$336,457$13,154$8,513$358,124
Current Officers, Directors, Trustees, and Key Employees$117,749$4,604$2,979$125,332
Fees for Services Other$81,737$7,140$1,350$90,227
Other Employee Benefits$44,673$931$931$46,535
Payroll Taxes$35,403$738$738$36,879
Fees for Services Accounting-$22,700-$22,700
Conferences and Meetings$16,461--$16,461
Office Expenses$7,479$7,875$193$15,547
Occupancy$12,339$257$257$12,853
Depreciation Depletion$7,665$160$160$7,985
Information Technology$5,326$1,868-$7,194
Insurance-$816-$816
Other Expenses$70$666$114$736
Total Functional Expenses$682,902$63,719$15,235$761,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$761,856
Total Expenses per Audited Statements$761,856
Total Expenses per Form 990$761,856
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
Yes
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
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 board of directors receives a copy of the tax return and any questions regarding the return are directed to the cpa who prepares the return. All questions are answered prior to filing form 990.

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

Mississippi first has a conflict of interest policy to which all employees, volunteers, interns and contractors must adhere. No member of the mississippi first (msf) staff, or its board of directors, shall derive any personal profit or gain, directly or indirectly, by reason of that person's participation with msf. Any interested person(s) shall disclose to msf any personal or indirect interest, which the person may have in any matter pending before msf and shall not participate in any decision on such matter. Each board member completes a conflict of interest form annually or when they join the board. The conflict of interest form asks the board members to list all of their relevant organizational and personal affiliations. The board then discusses whether different situations give rise to the level of creating a conflict of interest which would require recusal of board members from discussions or decisions in accordance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The board strives for salaries to be competitive with the role's median salary paid by pie network members of comparable size in the united states, with adjustments made according to policy for exact responsibilities, experience, and state wage differentials. All compensation also meets the key criteria of reasonability and fiscal prudence. In addition, each employee completes an annual evaluation.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and finanical statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mississippi First Inc
EIN
80-0310153
Phone
6013989008
Address
PO BOX 1159, JACKSON, MS 39215-1159

Signing Officer

Name
Rachel Canter
Title
Executive Director
Phone
6013989008
Signed
2022-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Canter
Formed
1982
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
5

Preparer

Firm
Matthews Cutrer & Lindsay Pa
Address
599C STEED RD, RIDGELAND, MS 39157
Preparer
Kimberly L Hardy CPA
Phone
6018988875
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative and other contractual services: program service expenses 81,737. Management and general expenses 7,140. Fundraising expenses 1,350. Total expenses 90,227.

Form 990, Part XII, 2C

The auditor meets with the board of directors making a full presentation at the completion of the audit for the year answering any of the board's questions. The auditor works closely with the board of directors during the year should any concerns arise.

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IRS990/Desc0PRE-K - MISSISSIPPI FIRST (MSF) PARTNERED WITH THE MISSISSIPPI DEPARTMENT OF EDUCATION (MDE) TO SUPPORT THE IMPLEMENTATION OF THE PRE-K LAW. - MSF CONTINUED TO PROVIDE RESOURCES ON THE 1:1 STATE TAX CREDIT INCLUDED IN THE BILL TO INCENTIVIZE BUSINESS/COMMUNITY SUPPORT OF PRE-K COLLABORATIVES. - WE PUBLISHED ALL THE STATE PRE-K BRIEFS. - WE SUCCESSFULLY ADVOCATED FOR A RAISE IN PER-PUPIL FUNDING RATE FOR THE STATE FUNDED PRE-K PROGRAM FOR ANOTHER YEAR AND A $24M COMMITMENT TO EXPAND THE PROGRAM ACROSS THE STATE. - HIRED A NEW A NEW STAFF PERSON TO FOCUS EXCLUSIVELY ON EARLY CHILDHOOD EDUCATION IN ANTICIPATION OF DEEPENING OUR BODY OF WORK. - BEGAN WORKING ON WAYS TO IMPROVE EARLY LEARNING AND CARE FOR CHILDREN 0-3. - UPDATED THE HOW TO START AN EARLY LEARNING COLLABORATIVE TOOLKIT TO SUPPORT IMPLEMENTATION OF THE EARLY LEARNING COLLABORATIVE ACT.CHARTER SCHOOLS -WE ORGANIZED CHARTER SCHOOL MEETINGS WITH MISSISSIPPI CHARTER SCHOOL PROVIDERS TO DEVELOP AN UNDERSTANDING OF THEIR NEEDS AS THEY CONTINUE TO OPERATE. - WE CREATED AND LAUNCHED A CHARTER SCHOOL FELLOWSHIP DURING THE SUMMER OF 2022. - WE HIRED A SPECIAL PROJECTS EMPLOYEE WHO HAS FOCUSED ON RESEARCHING LEADERSHIP AND TEACHER LICENSURE PATHWAYS FOR CHARTER SCHOOLS IN MISSISSIPPI. - RECEIVED FUNDING TO ASSIST WITH CHARTER SCHOOL GROWTH AND ADVOCACY. - WORKED ON PERFORMANCE FRAMEWORK RECOMMENDATIONS.TEACHERS AND LEADERS - CONDUCTED AND RELEASED A TEACHER SURVEY REPORT TO ASSIST WITH TEACHER PAY LEGISLATION. - WORKED TO PASS TEACHER PAY LEGISLATION, RESULTING IN THE LARGEST TEACHER PAY INCREASE THIS CENTURY.FUTURE OF SCHOOLS - RELEASED A POLICY BRIEF. - RELEASED RECOMMENDATIONS FOR THE NEXT STATE SUPERINTENDENT.
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0738
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0738
IRS990/PayrollTaxesGrp/ProgramServicesAmt035403
IRS990/PayrollTaxesGrp/TotalAmt036879
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05288612
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RACHEL CANTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01023529
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0429
IRS990/PYOtherExpensesAmt0521178
IRS990/PYOtherRevenueAmt01032
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt099652
IRS990/PYSalariesCompEmpBnftPaidAmt0404160
IRS990/PYTotalExpensesAmt0925338
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01024990
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08034859
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08795996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01023529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01240714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01487665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01350683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013898587
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0596
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0429
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0412
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0532
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02694
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0123
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01032
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03235
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02290
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06690
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.34730
IRS990ScheduleA/PublicSupportPY170Pct00.72700
IRS990ScheduleA/PublicSupportTotal170Amt04830202
IRS990ScheduleA/SubstantialContributorsTotAmt09068385
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt08795996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01023529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01240714
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01487665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01350683
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013898587
IRS990ScheduleA/TotalSupportAmt013907971
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
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt034820
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt040950
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt047577
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt060913
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0184260
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0139278
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0163801
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0190306
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0243653
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0737038
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt05755
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt03777
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt05482
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt031489
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt046503
IRS990ScheduleC/GrassrootsCeilingAmt0276390
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt034820
IRS990ScheduleC/LobbyingCeilingAmt01105557
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0139278
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0756101
IRS990ScheduleC/Section4955ManagersTaxAmt00
IRS990ScheduleC/Section4955OrganizationTaxAmt00
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt05755
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0761856
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt05755
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt023758
IRS990ScheduleD/EquipmentGrp/DepreciationAmt048366
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072124
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0761856
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08796715
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023758
IRS990ScheduleD/TotalExpensesPerForm990Amt0761856
IRS990ScheduleD/TotalRevenuePerForm990Amt08796715
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08796715
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0761856
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS RECEIVES A COPY OF THE TAX RETURN AND ANY QUESTIONS REGARDING THE RETURN ARE DIRECTED TO THE CPA WHO PREPARES THE RETURN. ALL QUESTIONS ARE ANSWERED PRIOR TO FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISSISSIPPI FIRST HAS A CONFLICT OF INTEREST POLICY TO WHICH ALL EMPLOYEES, VOLUNTEERS, INTERNS AND CONTRACTORS MUST ADHERE. NO MEMBER OF THE MISSISSIPPI FIRST (MSF) STAFF, OR ITS BOARD OF DIRECTORS, SHALL DERIVE ANY PERSONAL PROFIT OR GAIN, DIRECTLY OR INDIRECTLY, BY REASON OF THAT PERSON'S PARTICIPATION WITH MSF. ANY INTERESTED PERSON(S) SHALL DISCLOSE TO MSF ANY PERSONAL OR INDIRECT INTEREST, WHICH THE PERSON MAY HAVE IN ANY MATTER PENDING BEFORE MSF AND SHALL NOT PARTICIPATE IN ANY DECISION ON SUCH MATTER. EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY OR WHEN THEY JOIN THE BOARD. THE CONFLICT OF INTEREST FORM ASKS THE BOARD MEMBERS TO LIST ALL OF THEIR RELEVANT ORGANIZATIONAL AND PERSONAL AFFILIATIONS. THE BOARD THEN DISCUSSES WHETHER DIFFERENT SITUATIONS GIVE RISE TO THE LEVEL OF CREATING A CONFLICT OF INTEREST WHICH WOULD REQUIRE RECUSAL OF BOARD MEMBERS FROM DISCUSSIONS OR DECISIONS IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD STRIVES FOR SALARIES TO BE COMPETITIVE WITH THE ROLE'S MEDIAN SALARY PAID BY PIE NETWORK MEMBERS OF COMPARABLE SIZE IN THE UNITED STATES, WITH ADJUSTMENTS MADE ACCORDING TO POLICY FOR EXACT RESPONSIBILITIES, EXPERIENCE, AND STATE WAGE DIFFERENTIALS. ALL COMPENSATION ALSO MEETS THE KEY CRITERIA OF REASONABILITY AND FISCAL PRUDENCE. IN ADDITION, EACH EMPLOYEE COMPLETES AN ANNUAL EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADMINISTRATIVE AND OTHER CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 81,737. MANAGEMENT AND GENERAL EXPENSES 7,140. FUNDRAISING EXPENSES 1,350. TOTAL EXPENSES 90,227.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDITOR MEETS WITH THE BOARD OF DIRECTORS MAKING A FULL PRESENTATION AT THE COMPLETION OF THE AUDIT FOR THE YEAR ANSWERING ANY OF THE BOARD'S QUESTIONS. THE AUDITOR WORKS CLOSELY WITH THE BOARD OF DIRECTORS DURING THE YEAR SHOULD ANY CONCERNS ARISE.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0657428
IRS990/TotalAssetsEOYAmt08768110
IRS990/TotalAssetsGrp/BOYAmt0657428
IRS990/TotalAssetsGrp/EOYAmt08768110
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08795996
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015235
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063719
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0682902
IRS990/TotalFunctionalExpensesGrp/TotalAmt0761856
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024993
IRS990/TotalLiabilitiesEOYAmt0100816
IRS990/TotalLiabilitiesGrp/BOYAmt024993
IRS990/TotalLiabilitiesGrp/EOYAmt0100816
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0632435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08667294
IRS990/TotalOtherCompensationAmt09941
IRS990/TotalProgramServiceExpensesAmt0682902
IRS990/TotalReportableCompFromOrgAmt0112407
IRS990/TotalRevenueGrp/ExclusionAmt0719
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08796715
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0657428
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08768110
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1159
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd0392151159
IRS990/VotingMembersGoverningBodyCnt05

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$0.30$4.83$1.00$2.88$1.88
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$0.24$6.72$0.47$2.42$1.95
2022Detailed filing. Detailed filing data is available for this year.$8.77$0.10$8.67$8.80$0.76$8.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.02$0.63$1.02$0.93$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.07$0.50$1.24$1.15$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.01$0.41$1.48$1.87$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.07$0.80$1.35$1.46$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.06$0.91$1.94$1.51$0.43
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.11$0.48$0.97$0.94$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.05$0.45$0.34$0.61$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$1.00$0.46$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.03