Mississippi News And Information Corp
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Ridgeland, MS
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 47-2158741
Organization Overview
Mississippi News And Information Corp, operating under the name Mississippi Today, is located in Ridgeland, MS. The organization was established in 2015. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mississippi Today employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Today 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 12/2020, Mississippi Today generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES TOP NOTCH SERVICE JOURNALISM VIA DIGITAL DISSEMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSISSIPPI TODAY IS THE STATE'S ONLY FULLY STAFFED NONPROFIT, NONPARTISAN NEWSROOM, OFFERING IN-DEPTH INVESTIGATIVE AND ENTERPRISE REPORTING FROM ALL CORNERS OF THE STATE. THERE IS NEVER A PAYWALL TO VIEW THE REPORTING, LISTEN TO OUR PODCAST OR ACCESS THE DATA SETS ON OUR SITE. THE PRESENCE OF MISSISSIPPI TODAY JOURNALISTS CREATES A HIGHER LEVEL OF ACCOUNTABILITY AMONG ELECTED OFFICIALS, GOVERNMENT AGENCIES AND COMMUNITY LEADERS THAN SEEN IN RECENT HISTORY. MISSISSIPPI TODAY REPORTING IN THE AREAS OF COVID-19, PUBLIC HEALTH, POLITICS, EDUCATION, CRIMINAL JUSTICE, WORKFORCE AND EQUITY HAS BEEN ESPECIALLY IMPACTFUL OVER THE PAST YEAR, PROVIDING INSIGHT AND EXPLANATION OF BREAKING NEWS AND SYSTEMIC ISSUES THAT HAVE LONG GONE UNREPORTED. WE HAD 7 MILLION PAGEVIEWS ON OUR SITE IN 2021, A GREAT REFLECTION OF OUR ABILIITY TO RETAIN THE COVID BUMP IN READERSHIP OF 2020 THAT TOTALED ALMOST 9 MILLION. WE REACHED 3.2 MILLION USERS IN 2021, AS COMPARED TO OUR COVID RECORD OF 3.7 MILLION IN 2020. OUR MONTHLY AVERAGE READERS WAS 268,000, AS COMPARED TO A MONTHLY AVERAGE OF ABOUT 374,000 IN 2020. WE EARNED A 38 PERCENT INCREASE IN ANNUAL MEMBER/DONORS FOR A TOTAL OF $327,000 IN READER REVENUE IN 2021.
MISSISSIPPI TODAY HOSTS A NUMBER OF PROGRAMS AND PODCASTS RANGING FROM INTIMATE CONVERSATIONS WITH POLITICIANS, AUTHORS AND NEWSMAKERS, TO PANEL DISCUSSIONS ON IMPORTANT STORIES AND ISSUES FACING MISSISSIPPIANS. THESE PROGRAMS ARE ESSENTIAL TO OUR MISSION OF PUBLIC SERVICE JOURNALISM, OFFERING A VENUE FOR READERS TO ENGAGE WITH REPORTERS, PUBLIC OFFICIALS AND COMMUNITY LEADERS WHO ARE SHAPING MISSISSIPPI. IN 2021, WE HOSTED A MONTHLY ZOOM SERIES FEATURING NOTABLE MISSISSIPPIANS, MISSISSIPPI STORIES, AS WELL AS A SERIES OF VIRTUAL TOWN HALL MEETINGS, THE MOST SUCCESSFUL BEING A COVID COMMUNITY TOWN HALL, ATTENDED BY OVER 200 PEOPLE AND FEATURING INTERVIEWS WITH THE LT. GOVERNOR AND LEADERS IN BOTH EDUCATION AND HEALTH. IN ADDITION TO OUR WEEKLY PODCAST ON POLITICS AND POLICY, THE ONLY OF ITS KIND IN THE STATE, WE ALSO LAUNCHED A SPORTS PODCAST AND CREATED A PODCAST COMPANION TO OUR MISSISSIPPI STORIES SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Margaret White Chief Executive Officer | Officer | 40 | $117,088 |
Thomas Ramsey Highest Compensated Employ | 40 | $104,504 | |
Adam Ganucheau Editor-In-Chief | Officer | 40 | $82,905 |
Donna Barksdale Executive Chair | OfficerTrustee | 1 | $0 |
Tray Hairston Treasurer | OfficerTrustee | 1 | $0 |
Seetha Srinivasan Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,528,142 |
| Investment income | $4,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$825 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,545,161 |
| 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. | $326,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,951 |
| Pension plan accruals and contributions | $32,276 |
| Other employee benefits | $148,226 |
| Payroll taxes | $87,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,876 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,650 |
| Advertising and promotion | $24,314 |
| Office expenses | $62,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,130 |
| Travel | $21,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,155 |
| Interest | $1,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,280 |
| Insurance | $17,880 |
| All other expenses | $0 |
| Total functional expenses | $1,958,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,180,965 |
| Savings and temporary cash investments | $33,999 |
| Pledges and grants receivable | $248,071 |
| Accounts receivable, net | $9,059 |
| 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 | $18,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,940 |
| Total assets | $2,531,175 |
| Accounts payable and accrued expenses | $54,335 |
| Grants payable | $0 |
| Deferred revenue | $7,801 |
| 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 | $257,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $319,636 |
| 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 | $2,211,539 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Mississippi News And Information Corp has recieved totaling $1,347,249.
| Awarding Organization | Amount |
|---|---|
American Journalism Project Inc Washington, DC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $371,666 |
American Journalism Project Inc Washington, DC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $371,666 |
Mississippi Common Fund Trust Oxford, MS PURPOSE: PROVIDE LONG TERM SUPPORT FOR THE COMMUNITY | $250,000 |
Bower Foundation Ridgeland, MS PURPOSE: ENHANCING HEALTH & HEALTH POLICY FOC | $228,500 |
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $75,000 |
Woodward Hines Education Foundation Jackson, MS PURPOSE: TO ENHANCE PUBLIC AWARENESS OF MISSISSIPPI-SPECIFIC BARRIERS AND OPPORTUNITIES WITHIN HIGHER EDUCATION | $30,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
Mississippi News And Information Corp Ridgeland, MS | $2,531,175 | $2,545,161 |
Wcca Inc Woodville, MS | $1,020,005 | $1,601,829 |
Acadiana Open Channel Inc Lafayette, LA | $521,946 | $724,630 |
Louisiana Association Of Broadcasters Baton Rouge, LA | $1,966,076 | $788,764 |
Shift Design Inc New Orleans, LA | $610,264 | $1,104,658 |
Cumberland Communities Communications Corporation Knoxville, TN | $529,914 | $717,404 |
Mississippi Ednet Institute Inc Jackson, MS | $3,325,279 | $503,610 |
Explorers Bible Study Association Dickson, TN | $901,380 | $497,542 |
Arkansas Broadcasters Association Little Rock, AR | $762,312 | $442,226 |