Mississippi State Rating Bureau

Organization Overview

Mississippi State Rating Bureau is located in Flowood, MS. The organization was established in 1984. According to its NTEE Classification (Y02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi State Rating Bureau is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Mississippi State Rating Bureau generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADMINISTER INSURANCE RATING BUREAU AS ESTABLISHED BY OPERATION OF STATE LAW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADMINISTRATION OF AN INSURANCE RATING BUREAU TO ASSIST MEMBERS IN COMPLYING WITH STATE LAWS.


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Board, Officers & Key Employees

Name (title)Compensation
Rita Horlock
President
$0
Joe Ulmer
Vice President
$0
Jeffrey Carver
Member
$0
Cary Breedlove
Member
$0
Tiffany Hawkins
Member
$0
Coleman Cummins
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,440,706
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$3,440,706
Total Program Service Revenue$251,793
Investment income $12,967
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 $3,705,466

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