Mississippi Arts And Entertainment Center
- Assets
- $14.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 45
- Location
- Meridian, MS
- Founding
- 09/2003
- Data as of
- 06/2021
- EIN
- 35-2193471
Organization Overview
Mississippi Arts And Entertainment Center is located in Meridian, MS. The organization was established in 2003. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mississippi Arts And Entertainment Center employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Arts And Entertainment Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Mississippi Arts And Entertainment Center generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. 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 MISSISSIPPI ARTS AND ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE MISSISSIPPI ARTS AND ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Tullos President/ceo | Officer | 40 | $142,162 |
Marian Barksdale Secretary | Officer | 10 | $0 |
Archie Anderson Treasurer | Officer | 10 | $0 |
Melanie Mitchell Vice Chair | Officer | 10 | $0 |
Fred Wile Chair | Officer | 10 | $0 |
Ralph Eubanks Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,805 |
| Investment income | $11,488 |
| 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 | $2,667,406 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,285,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,825 |
| Payroll taxes | $84,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,440 |
| Fees for services: Accounting | $15,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $240,729 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,943 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,844,770 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,703,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,671,915 |
| Pledges and grants receivable | $3,276,690 |
| Accounts receivable, net | $178,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,604 |
| Prepaid expenses and deferred charges | $324,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,826,824 |
| Accounts payable and accrued expenses | $105,796 |
| Grants payable | $0 |
| Deferred revenue | $98,093 |
| 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 | $341,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $544,901 |
| 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 |
| Total liabilities and net assets/fund balances | $14,281,923 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mississippi Arts And Entertainment Center has recieved totaling $52,372.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of East Mississippi Inc Meridian, MS PURPOSE: GENERAL SUPPORT | $27,265 |
Paul & Sherry Broadhead Foundation Meridian, MS PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi Arts And Entertainment Center Meridian, MS | $14,826,824 | $2,667,406 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Contemporary Arts Center New Orleans, LA | $8,950,916 | $2,836,743 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Preservation Hall Foundation Inc New Orleans, LA | $2,657,700 | $2,671,447 |
El Dorado Festivals & Events Inc El Dorado, AR | $56,070,172 | $5,007,919 |
Tennessee Performing Arts Foundation Nashville, TN | $15,417,761 | $687,136 |
Brandon House Cultural & Performing Arts Center Little Rock, AR | $450,081 | $774,145 |
Princess Theatre Center For The Performing Arts Decatur, AL | $709,862 | $747,473 |
New Orleans Ballet Association New Orleans, LA | $4,025,967 | $1,070,022 |
Argenta Community Theatre North Little Rock, AR | $2,289,469 | $754,598 |