Civic Intelligence

Trails of Mississippi Inc

EIN 92-0520508 • 501(c)3 • Madison, MS

Profile

Trails of mississippi, inc. (toms) was organized as a nonprofit corporation with a mission to advocate the development of diverse, high-quality parks, trails, water ways and greenways for the benefit of peoples and their communities. Through collaboration, education, and communication, toms offers grants to non-profit 501(c)(3) organizations located in mississippi that provide and promote activities and services on parks, trails, waterways and greenways. Toms receives a significant amount of fundraising revenue from bingo activities operated under the state of mississippi charitable bingo laws as regulated by the mississippi gaming commission.

101 Grayhawk CoveMadison, MS 39110

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.97x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.43x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

26th percentile

-6.6%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$85,500

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 35.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

194%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$613,133

Down $74,054 (-11%) from 2023

Liabilities

Down

$592,378

Down $57,971 (-8.9%) from 2023

Net Assets

Down

$20,755

Down $16,083 (-44%) from 2023

Revenue

Up

$243,608

Up $160,765 (+194%) from 2023

Expenses

Up

$259,691

Up $213,590 (+463%) from 2023

Net Income

Down

-$16,083

Down $52,825 (-144%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2023: $687,187Liabilities 2023: $650,349Net Assets 2023: $36,8382023Assets 2024: $613,133Liabilities 2024: $592,378Net Assets 2024: $20,7552024

Highlighted filing

2024

Assets$613,133
Liabilities$592,378
Net Assets$20,755

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2023: $82,843Expenses 2023: $46,101Net Income 2023: $36,7422023Revenue 2024: $243,608Expenses 2024: $259,691Net Income 2024: -$16,0832024

Highlighted filing

2024

Revenue$243,608
Expenses$259,691
Net Income-$16,083

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$3,184,091
Mission and Program Overview

Mission

Trails of mississippi, inc. (toms) was organized as a nonprofit corporation with a mission to advocate the development of diverse, high-quality parks, trails, water ways and greenways for the benefit of peoples and their communities. Through collaboration, education, and communication, toms offers grants to non-profit 501(c)(3) organizations located in mississippi that provide and promote activities and services on parks, trails, waterways and greenways. Toms receives a significant amount of fundraising revenue from bingo activities operated under the state of mississippi charitable bingo laws as regulated by the mississippi gaming commission.

To develop parks, trails, water ways and greenways for the benefit of peoples and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,785$10,127▼ $12,658
Inventories for Sale or Use$5,922$5,922→ $0
Land, Buildings, and Equipment, Net$7,056$5,516▼ $1,540
Accounts Receivable$2,924$2,924→ $0
Total Assets$687,187$613,133▼ $74,054
Other Assets Total$648,500$588,644▼ $59,856
Liabilities
Other Liabilities$588,643$526,570▼ $62,073
Accounts Payable and Accrued Expenses$61,706$65,808▲ $4,102
Total Liabilities$650,349$592,378▼ $57,971
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,838$20,755▼ $16,083
Total Net Assets Fund Balance$36,838$20,755▼ $16,083
Total Liabilities and Net Assets / Fund Balance$687,187$613,133▼ $74,054

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,516$2,181$7,697
Other Assets Org$588,644--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt ClemExecutive DirectorFT$85,500$85,500

Board Members and Trustees

NameTitle
Dennis BisnettePresident
John WilsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$243,608
Change in Net Assets
$-16,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$243,608
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$243,608
Total Revenue per Form 990
$243,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,259
Other Expenses$93,410
Grants and Similar Amounts Paid$33,022
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$85,500-$85,500
Other Salaries and Wages-$38,289-$38,289
Grants to Domestic Orgs$33,022--$33,022
Occupancy-$32,728-$32,728
Travel-$19,144-$19,144
Fees for Services Accounting-$17,634-$17,634
Payroll Taxes-$9,470-$9,470
Insurance-$7,591-$7,591
Office Expenses-$2,935-$2,935
Other Expenses-$2,040-$2,040
Depreciation Depletion-$1,540-$1,540
Fees for Services Other-$1,240-$1,240
Advertising-$182-$182
Fees for Services Legal-$160-$160
Total Functional Expenses$33,022$226,669$0$259,691

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$259,691
Total Expenses per Audited Statements$259,691
Total Expenses per Form 990$259,691
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Friends of ChakchiumaGrenada, MS501c3To Further the Mission of the Organization$6,500
Friends of the Grenada Area ChamberGrenada, MS501c3To Further the Mission of the Organization$6,500
Ms FitsMadison, MS501c3To Further the Mission of the Organization$5,000
North Ms Trail AllianceHernando, MS501c3To Further the Mission of the Organization$5,000
South Mississippi Trail AllianceMadison, MS501c3To Further the Mission of the Organization$5,000
Tri-county Mountain Bike AssociationMadison, MS501c3To Further the Mission of the Organization$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$3,181,366
Gaming Direct Expenses$2,940,483
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
Long Term Lease Liability$526,570
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

A draft of form 990 is sent to all board members. Form 990 is reviewed and any questions that arise from the committee or board members are answered and/or cleared prior the filing of the return.

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

The conflict of interest policy is provided to all the board members annually. It is revised and any necessary disclosures are made annually. Any conflict of interest that arises is resolved by the executive director and/or the board of directors and will be recorded in the official board minutes.

Form 990, Part VI, Section B, Line 15

Compensation is determined based on an analysis of comparative data. Any salary adjustment is reviewed and determined by the board of the organization.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Trails of Mississippi Inc
EIN
92-0520508
Phone
6016131812
Address
101 GRAYHAWK COVE, MADISON, MS 39110

Signing Officer

Name
Matt Clem
Title
Executive Director
Phone
6016131812
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Clem
Formed
2022
Legal Domicile
Ms
Voting Board Members
2
Independent Board Members
2
Employees
16
Volunteers
10

Preparer

Firm
Matthews Cutrer & Lindsay Pa
Address
1020 HIGHLAND COLONY PKWY 500, RIDGELAND, MS 39157
Preparer
Matthew a Turnage CPA
Phone
6018988875
Supplemental Narrative

Additional Explanations

Part XII Line 2C - Process of Committee Oversight of the Fin Stmt Audit

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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IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt02503132
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt02940483
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt02015417
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt01165949
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt03181366
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0240883
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0354385
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt0213171
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt0141214
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsBingoAmt082966
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsPullTabsAmt00
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt082966
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd00
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd00
IRS990ScheduleG/GamingManagerCompensationAmt085500
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerPersonNm0MATT CLEM
IRS990ScheduleG/GamingManagerServicesProvTxt0ONSITE MANAGER OF ALL BINGO AND BINGO RELATED OPERATIONS.
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/IndividualWithBooksNm0MATT CLEM
IRS990ScheduleG/LicensedInd00
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0101 GRAYHAWK COVE
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0MADISON
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MS
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd039110
IRS990ScheduleG/StatesWhereGamingConductedCd0MS
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt06500
IRS990ScheduleI/RecipientTable/CashGrantAmt16500
IRS990ScheduleI/RecipientTable/CashGrantAmt25000
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/CashGrantAmt45000
IRS990ScheduleI/RecipientTable/CashGrantAmt55000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FURTHER THE MISSION OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO FURTHER THE MISSION OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO FURTHER THE MISSION OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO FURTHER THE MISSION OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO FURTHER THE MISSION OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO FURTHER THE MISSION OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRIENDS OF CHAKCHIUMA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FRIENDS OF THE GRENADA AREA CHAMBER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MS FITS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NORTH MS TRAIL ALLIANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SOUTH MISSISSIPPI TRAIL ALLIANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5TRI-COUNTY MOUNTAIN BIKE ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0831228439
IRS990ScheduleI/RecipientTable/RecipientEIN1461365962
IRS990ScheduleI/RecipientTable/RecipientEIN2464936099
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2353
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt195 SW FRONTAGE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2101 GRAYHAWK COVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt32042 MCINGVALE ROAD STE A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4101 GRAYHAWK COVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5101 GRAYHAWK COVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRENADA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GRENADA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3HERNANDO
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038902
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd138901
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd239110
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd338632
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd439110
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd539110
IRS990ScheduleI/Total501c3OrgCnt06
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS SENT TO ALL BOARD MEMBERS. FORM 990 IS REVIEWED AND ANY QUESTIONS THAT ARISE FROM THE COMMITTEE OR BOARD MEMBERS ARE ANSWERED AND/OR CLEARED PRIOR THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL THE BOARD MEMBERS ANNUALLY. IT IS REVISED AND ANY NECESSARY DISCLOSURES ARE MADE ANNUALLY. ANY CONFLICT OF INTEREST THAT ARISES IS RESOLVED BY THE EXECUTIVE DIRECTOR AND/OR THE BOARD OF DIRECTORS AND WILL BE RECORDED IN THE OFFICIAL BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BASED ON AN ANALYSIS OF COMPARATIVE DATA. ANY SALARY ADJUSTMENT IS REVIEWED AND DETERMINED BY THE BOARD OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/FormAndLineReferenceDesc4PART XII LINE 2C - PROCESS OF COMMITTEE OVERSIGHT OF THE FIN STMT AUDIT
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0687187
IRS990/TotalAssetsEOYAmt0613133
IRS990/TotalAssetsGrp/BOYAmt0687187
IRS990/TotalAssetsGrp/EOYAmt0613133
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0226669
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033022
IRS990/TotalFunctionalExpensesGrp/TotalAmt0259691
IRS990/TotalGrossUBIAmt0125169
IRS990/TotalLiabilitiesBOYAmt0650349
IRS990/TotalLiabilitiesEOYAmt0592378
IRS990/TotalLiabilitiesGrp/BOYAmt0650349
IRS990/TotalLiabilitiesGrp/EOYAmt0592378
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020755
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt033022
IRS990/TotalReportableCompFromOrgAmt085500
IRS990/TotalRevenueGrp/ExclusionAmt0118439
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0243608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0125169
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0687187
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0613133

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