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 09/2021, Mississippi Coast Foreign Trade Zone Inc generated $100.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $79.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 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
2021
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frank Castiglia Jr Board Member | 0.25 | $0 | |
Clay Williams Board Member | 0.25 | $0 | |
Janel Carothers Board Member | 0.25 | $0 | |
Joe Spraggins President | 1 | $0 | |
Charles Persons Vice President | 1 | $0 | |
Jon Nass Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $99,913 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $335 |
Total Revenue | $100,248 |
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 | $70,365 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $8,592 |
Total expenses | $78,957 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $398,172 |
Other assets | $0 |
Total assets | $401,208 |
Total liabilities | $81,314 |
Net assets or fund balances | $319,894 |
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