Mid-State Opportunity Inc
- Assets
- $1.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Charleston, MS
- Founding
- 06/1965
- Data as of
- 09/2022
- EIN
- 64-0432686
Organization Overview
Mid-State Opportunity Inc is located in Charleston, MS. The organization was established in 1965. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Mid-State Opportunity Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-State Opportunity Inc 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 09/2022, Mid-State Opportunity Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $4.7m during the year ending 09/2022. While expenses have increased by 8.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MID-STATE OPPORTUNITY, INC. IS A NON-PROFIT ORGANIZATION THAT ADMINISTERS COMMUNITY SERVICE PROGRAMS THAT ARE FUNDED PRIMARILY BY FEDERAL FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOME ENERGY ASSISTANCE PROGRAM (LIHEAP) - FUNDED BY DCS/MDHS - DESIGNED TO ASSIST LOW INCOME FAMILIES TO MEET HOME ENERGY NEEDS.
COMMUNITY SERVICES BLOCK GRANT (CSBG) - FUNDED BY THE DIVISION OF COMMUNITY SERVICES, MDHS - PROVIDES CASE MANAGEMENT SERVICES AND ASSISTANCE IN EMPLOYMENT, EDUCATION, HEALTH, NUTRITION, TRANSPORTATION, CHILD CARE, HOUSING, EMERGENCY ASSISTANCE, INCOME MANAGEMENT AND SELF-SUFFICIENCY.
SENIOR SELECT PROGRAM - FUNDED BY THE DELTA WORKFORCE INVESTMENT AREA (DWIA)THROUGH SOUTH DELTA PLANNING AND DEVELOPMENT DISTRICT - PROVIDES WORK EXPERIENCE AND EMPLOYABILITY SKILLS TRAINING TO DISADVANTAGED HIGH SCHOOL SENIORS TO HELP THEM EARN THEIR HIGH SCHOOL DIPLOMAS AND PREPARE FOR A SCHOOL TO WORK TRANSITION. OUT-OF-SCHOOL SELECT PROGRAM - FUNDED BY THE DELTA WORKFORCE INVESTMENT AREA (DWIA) THROUGH SOUTH DELTA PLANING AND DEVELOPMENT DISTRICT - PROVIDES WORK EXPERIENCE AND EMPLOYABILITY SKILLS TRAINING TO ECONOMICALLY DISADVANTAGED 16-21 YEAR OLD, LOW-INCOME, OUT-OF- SCHOOL YOUTH. THE PARTICIPANTS ATTEND BASIC SKILLS CLASSES TO PREPARE THEM FOR THE GED EXAMINATION AND EMPLOYABILITY SKILLS CLASSES TO PREPARE THEM FOR A SCHOOL TO WORK TRANSITION.
OTHER SERVICES ARE VARIOUS OTHER FUNDING STREAMS, INCLUDING EMERGENCY FOOD AND SHELTER PROGRAMS, THAT FURTHER SUPPORT THE AGENCY'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Bradford Executive Di | Officer | 40 | $89,815 |
Pam Mcferrin Fiscal Offic | Officer | 40 | $73,006 |
Karen Bloodworth Vice Chairpe | OfficerTrustee | $0 | |
Ruby Foster Secretary | OfficerTrustee | $0 | |
Everette Hill Chairman | OfficerTrustee | $0 | |
Loria Barfield Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,655,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,671,704 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $4,671,704 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,427 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,647 |
| Fees for services: Accounting | $0 |
| 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 | $44,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,958 |
| Travel | $10,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,640 |
| All other expenses | $0 |
| Total functional expenses | $4,729,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $188,122 |
| Accounts receivable, net | $0 |
| 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 | $3,468 |
| Net Land, buildings, and equipment | $4,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,845 |
| Accounts payable and accrued expenses | $337,209 |
| Grants payable | $0 |
| Deferred revenue | $132,986 |
| 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 | $470,195 |
| Net assets without donor restrictions | $703,650 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,173,845 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-State Opportunity Inc has recieved totaling $147,242.
| Awarding Organization | Amount |
|---|---|
South Delta Planning & Development District Inc Greenville, MS PURPOSE: WORKFORCE TRAINING | $147,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eight Days Of Hope Inc Tupelo, MS | $9,930,732 | $7,295,049 |
Mid-State Opportunity Inc Charleston, MS | $1,173,845 | $4,671,704 |
Neighborhood Housing Services Of New Orleans Inc New Orleans, LA | $899,416 | $997,880 |
Smart Home Alabama Inc Mobile, AL | $235,730 | $417,975 |
Widows Harvest Ministries Inc Chattanooga, TN | $268,995 | $304,196 |
Nehemiah Projects Inc Knoxville, TN | $190,233 | $486,959 |
United Methodist Nomads Hot Springs Village, AR | $560,400 | $292,139 |
Ocoee Outreach Cleveland, TN | $100,380 | $308,374 |
Home Again Inc Jackson, MS | $4,852,331 | $261,006 |
United Saints Recovery Project New Orleans, LA | $67,972 | $208,541 |
Alabama Housing Foundation Inc Montgomery, AL | $111,609 | $0 |
Faith And Fire Ministries For Nicaragua Cedar Grove, TN | $7,108 | $0 |