Mississippi Crop Improvement Association
- Assets
- $469.4k
- Revenue
- $251.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Missississippi State, MS
- Founding
- 02/1942
- Data as of
- 12/2022
- EIN
- 64-0309962
Organization Overview
Mississippi Crop Improvement Association is located in Missississippi State, MS. The organization was established in 1942. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Mississippi Crop Improvement Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Crop Improvement Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Mississippi Crop Improvement Association generated $251.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $162.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSPECTION, CERTIFICATION, AND REGULATING SERVICES FOR AGRICULTURAL PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INSPECTION, CERTIFICATION AND REGULATING SERVICES FOR AGRICULTURAL PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Flint Executive Di | Officer | 40 | $35,187 |
Cathy Booth Vice-Preside | OfficerTrustee | $0 | |
David Ellison Director | Trustee | $0 | |
Mike Francis Director | Trustee | $0 | |
Chris Hussey Director | Trustee | $0 | |
Colby Skeen Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $230,339 |
| Investment income | $1,843 |
| 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 | $18,921 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,103 |
| 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. | $35,187 |
| Compensation of current officers, directors, key employees. | $8,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,131 |
| Pension plan accruals and contributions | $10,014 |
| Other employee benefits | $8,400 |
| Payroll taxes | $5,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $519 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,348 |
| Information technology | $455 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,634 |
| Insurance | $12,507 |
| All other expenses | $4,203 |
| Total functional expenses | $162,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,780 |
| Savings and temporary cash investments | $268,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $429 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $81 |
| Other assets | $0 |
| Total assets | $469,445 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $469,445 |
| Total liabilities and net assets/fund balances | $469,445 |