Mississippi Coast Foreign Trade Zone Inc
- Assets
- $382.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gulfport, MS
- Founding
- 10/1983
- Data as of
- 09/2023
- EIN
- 64-0679737
Organization Overview
Mississippi Coast Foreign Trade Zone Inc is located in Gulfport, MS. The organization was established in 1983. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Coast Foreign Trade Zone Inc 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 09/2023, Mississippi Coast Foreign Trade Zone Inc generated $88.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $92.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZATION WORKS TO DEVELOP, OPERATE AND MONITOR LOCAL FOREIGN TRADE ZONE AND SUB-ZONES WITHIN THE GUIDELINES AND REGULATIONS OF THE FOREIGN TRADE ZONES BOARD OF THE U. S. DEPARTMENT OF COMMERCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Thornton President | 1 | $0 | |
Derek Necaise Vice President | 1 | $0 | |
Jon Nass Secretary/treasurer | 3 | $0 | |
John Rester Board Member | 1 | $0 | |
Bill Lavers Board Member | 0.25 | $0 | |
Blaine Lafontaine Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $87,600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,119 |
| Total Revenue | $88,719 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $81,680 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,750 |
| Total expenses | $92,430 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $377,633 |
| Other assets | $0 |
| Total assets | $382,946 |
| Total liabilities | $49,713 |
| Net assets or fund balances | $333,233 |