Southeast Mississippi Rural Health Initiative Inc
- Assets
- $17.5m
- Revenue
- $33.0m
- Investments
- $1.2m
- Employees
- 353
- Location
- Hattiesburg, MS
- Founding
- 01/1980
- Data as of
- 01/2024
- EIN
- 64-0625076
Organization Overview
Southeast Mississippi Rural Health Initiative Inc is located in Hattiesburg, MS. The organization was established in 1980. As of 01/2024, Southeast Mississippi Rural Health Initiative Inc employed 353 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Mississippi Rural Health Initiative 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 01/2024, Southeast Mississippi Rural Health Initiative Inc generated $33.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $37.2m during the year ending 01/2024. While expenses have increased by 7.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HEALTH CARE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HEALTH CARE REGARDLESS OF THE INDIVIDUALS ABILITY TO PAY. THESE MEDICAL SERVICES ARE PROVIDED IN AREAS THAT HAVE A SHORTAGE OF HEALTH CARE PROVIDERS. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE. OVER 101,900 VISITS WERE PROVIDED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Speed President | Trustee | 1 | $0 |
Ginger Burks Board Member | Trustee | 1 | $0 |
Nanni Freeman Board Member | Trustee | 1 | $0 |
Kermit Rayborn Board Member | Trustee | 1 | $0 |
Joyce Woullard Treasurer | Trustee | 1 | $0 |
Terry King Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Labcorp Of America Lab Services | 1/30/24 | $437,042 |
Bread Contract Marketing Services | 1/30/24 | $196,349 |
Hattiesburg Clinic Pa Contract Medical Services | 1/30/24 | $536,296 |
Better Homes Construction Contract Construction Services | 1/30/24 | $146,370 |
Piercon Inc Contract Facility Repair Services | 1/30/24 | $325,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,182,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,125,860 |
| Noncash contributions included in lines 1a–1f | $386,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,308,507 |
| Total Program Service Revenue | $23,519,873 |
| Investment income | $159,654 |
| 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 | $32,988,034 |
| 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. | $886,536 |
| Compensation of current officers, directors, key employees. | $154,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,975,295 |
| Pension plan accruals and contributions | $1,033,430 |
| Other employee benefits | $1,951,830 |
| Payroll taxes | $1,172,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,469 |
| Fees for services: Accounting | $72,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,396,821 |
| Advertising and promotion | $575,491 |
| Office expenses | $1,610,700 |
| Information technology | $1,215,498 |
| Royalties | $0 |
| Occupancy | $1,031,145 |
| Travel | $197,033 |
| 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 | $837,449 |
| Insurance | $132,263 |
| All other expenses | $0 |
| Total functional expenses | $37,170,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,925,014 |
| Savings and temporary cash investments | $2,901,789 |
| Pledges and grants receivable | $2,357,649 |
| Accounts receivable, net | $555,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $792,744 |
| Prepaid expenses and deferred charges | $395,136 |
| Net Land, buildings, and equipment | $5,559,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,215,149 |
| Investments—program-related | $123,124 |
| Intangible assets | $0 |
| Other assets | $1,626,012 |
| Total assets | $17,452,565 |
| Accounts payable and accrued expenses | $2,052,891 |
| 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 | $1,954,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,639,481 |
| Total liabilities | $5,647,159 |
| Net assets without donor restrictions | $11,805,406 |
| 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 | $17,452,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ Community Health Services Inc Memphis, TN | $23,284,531 | $61,375,768 |
Southeast Mississippi Rural Health Initiative Inc Hattiesburg, MS | $17,452,565 | $32,988,034 |
Quality Of Life Health Services Inc Gadsden, AL | $48,797,776 | $37,067,776 |
Central North Alabama Health Services Inc Huntsville, AL | $8,644,180 | $13,600,606 |
Cabun Rural Health Services Inc Hampton, AR | $7,879,821 | $10,461,269 |
East Central Mississippi Health Care Inc Sebastopol, MS | $8,197,384 | $10,507,836 |
Rural Health Medical Program Inc Selma, AL | $4,567,646 | $9,232,925 |
Southwestern Louisianna Area Health Education Center Foundation Lafayette, LA | $6,837,087 | $9,901,605 |
Citizens Of Lake County For Health Care Inc Tiptonville, TN | $4,108,808 | $4,141,924 |
Washington Pfb And Thrift Shop Inc Franklinton, LA | $19,418 | $0 |