Gulf Coast Business Council
- Assets
- $889.3k
- Revenue
- $605.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Gulfport, MS
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-5237349
Organization Overview
Gulf Coast Business Council is located in Gulfport, MS. The organization was established in 2007. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Gulf Coast Business Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Business Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Gulf Coast Business Council generated $605.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $527.6k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT ON THE MISSISSIPPI GULF COAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED STRATEGIC COMMUNICATION EFFORTS TO; CREATE CONSENSUS AND FAVORABLE PERCEPTIONS FOR INITIATIVES; IDENTIFY TARGET AUDIENCES AND APPROPRIATELY CLASSIFY THEIR PERCEPTIONS; DETERMINE PUBLIC PERCEPTION OF RELEVANT POLICY ISSUES AND EVALUATE APPROPRIATE MEASURES OF COMMUNICATION FOR EACH ISSUE; ESTABLISH CLEAR LINES OF COMMUNICATION WITH MEMBERS, THE GENERAL PUBLIC, PUBLIC OFFICIALS, AND PROFESSIONAL MEDIA OUTLETS. THIS WAS ACCOMPLISHED THRU OUR ON-LINE WEBSITE, MEDIA PRESS RELEASES AND INTERVIEWS FOR LOCAL, REGIONAL AND NATIONAL MEDIA OUTLETS, DISTRIBUTION OF PERIODIC E-MAILS, DISTRIBUTION OF REPORTS AND VARIOUS PUBLICATIONS, AND PUBLIC SPEAKING, INTERVIEWS AND PRESENTATIONS.
PROVIDED ACCURATE RESEARCH AND SOUND POLICY POSITIONS. PUBLISHED A QUARTERLY REGIONAL BRIEF CONTAINING STATISTICS AND COMMENTARY RELATIVE TO THE EVENTS AND NEWS THAT SHAPED THE MISSISSIPPI GULF COAST ECONOMY DURING THE PRECEDING QUARTER AND PROVIDES INFORMATION AND INSIGHT ON VARIOUS ECONOMIC SECTORS AND ISSUES SUCH AS HOUSING, TOURISM, HEALTHCARE, AND INFRASTRUCTURE. CONDUCTED A QUARTERLY CEO AND BUSINESS OWNER CONFIDENCE SURVEY TO GAUGE THE CONFIDENCE AND EXPECTATIONS OF REGIONAL BUSINESSES. THIS AND OTHER RESEARCH REPORTS AND ANALYSIS HAVE BEEN DEVELOPED AND PUBLISHED ON OUR WEBSITE AND DISTRIBUTED TO MEMBERS, MEDIA STAKEHOLDERS, AND E-MAIL RECEIPIENTS. THE GCBC CONTINUES TO WORK WITH LOCAL TOURISM STAKEHOLDERS,COMMUNITY LEADERS, AND ELECTED OFFICIALS ON ITS PREMIER DESTINATION TOURISM INITIATIVE.
SUPPORTED CIVIC ENGAGEMENTS AND PROGRAMS OF WORK. A LEGISLATIVE ROUNDTABLE IS HELD ANNUALLY FOR STATE LEGISLATORS WHO REPRESENT OUR REGION IN STATE GOVERNMENT TO ALLOW OUR REPRESENTATIVES AND SENATORS TO DIALOGUE WITH OUR MEMBERS AND LOCAL GOVERNMENT OFFICIALS ABOUT IMPORTANT ISSSUES WHICH WILL BE CONSIDERED IN THE UPCOMING LEGISLATIVE SESSION. THE BUSINESS COUNCIL WILL PERIODICALLY HOST FORUMS OR CO-SPONSOR MEETINGS OUTSIDE OF ITS REGULAR MEETINGS TO EXPLORE PARTICULAR TOPICS RELEVANT TO THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ashley Edwards President | Officer | 40 | $225,000 |
William Yates III Chairman | OfficerTrustee | 0 | $0 |
Anthony Wilson Past Chairman | OfficerTrustee | 0 | $0 |
Charles Benvenutti Secretary/treasurer | Officer | 0 | $0 |
Ben Stone Board Member | Officer | 0 | $0 |
Morris Strickland Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $445,767 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,815 |
| Total Program Service Revenue | $0 |
| Investment income | $2,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $605,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,845 |
| Payroll taxes | $26,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,567 |
| Information technology | $1,863 |
| Royalties | $0 |
| Occupancy | $8,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,126 |
| All other expenses | $1,364 |
| Total functional expenses | $527,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,400 |
| Savings and temporary cash investments | $647,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $889,293 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $279,980 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,834 |
| Total liabilities | $292,814 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $596,479 |
| Total liabilities and net assets/fund balances | $889,293 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gulf Coast Business Council has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Engelstad Fam Foundation Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Physician Services Inc Marrero, LA | $14,295,398 | $37,317,749 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Better Business Bureau Of Nashville Middle Tennessee Inc Nashville, TN | $1,542,443 | $3,414,512 |
Center For Nonprofit Management Inc Nashville, TN | $2,067,333 | $2,514,298 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Better Business Bureau Of Arkansas Inc Little Rock, AR | $2,156,323 | $1,539,686 |
Hickory Ridge Mall Cd Corporation Memphis, TN | $6,645,367 | $1,041,082 |
Better Business Bureau Of North Alabama Inc Huntsville, AL | $737,459 | $1,414,955 |
Arkansas Boll Weevil Eradication Foundation West Helena, AR | $3,360,901 | $1,140,459 |
The Idea Village New Orleans, LA | $982,103 | $1,307,477 |
Arkanasas Pharmacist Association Little Rock, AR | $3,269,988 | $1,550,084 |