Biloxi First Inc
- Assets
- $1.1m
- Revenue
- $99.7k
- Investments
- $920.0k
- Employees
- 0
- Location
- Biloxi, MS
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 64-0791608
Organization Overview
Biloxi First Inc is located in Biloxi, MS. The organization was established in 1994. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biloxi First 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 12/2021, Biloxi First Inc generated $99.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $95.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE CITY OF BILOXI'S EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENDOWMENT TO THE GULF COAST COMMUNITY FOUNDATION FOR USE IN THE "NAMED GRANT PROGRAM"
150TH CELEBRATION FUND IS USED FOR TEACHER RECRUITMENT AND RETENTION AT THE BILOXI SCHOOL DISTRICT
EXCEL BY 5 IS A COMMUNITY-BASED CERTIFICATION PROGRAM DESIGNED TO IMPROVE A CHILD'S OVERALL WELL-BEING BY AGE FIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Denison Treasurer | OfficerTrustee | 2 | $0 |
Kande Degrasse-Steele Secretary | OfficerTrustee | 0.9 | $0 |
Bill Briscoe President | OfficerTrustee | 0.2 | $0 |
Jeff Bankston Director | Trustee | 0.2 | $0 |
Dewey Mason Director | Trustee | 0.2 | $0 |
Louis D Bridges Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,095 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,236 |
| Total Program Service Revenue | $0 |
| Investment income | $29,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,737 |
| Net Income from Fundraising Events | $6,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,719 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $6,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,836 |
| All other expenses | $303 |
| Total functional expenses | $95,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,163 |
| Savings and temporary cash investments | $80,196 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $920,030 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,144,389 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,144,389 |
| Total liabilities and net assets/fund balances | $1,144,389 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biloxi First Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Engelstad Fam Foundation Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $904,269 |
| Earnings | $25,054 |
| Admin Expense | $8,997 |
| Ending Balance | $920,326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |
Education Explosion Inc Baker, LA | $3,387,408 | $6,209,452 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Voices For International Business & Education New Orleans, LA | $1,902,428 | $5,951,946 |
Innovative Education Partnership Corporation Maryville, TN | $1,869,912 | $5,283,927 |
New Harmony High Institute New Orleans, LA | $1,996,548 | $5,610,284 |
Reform Alliance Inc Little Rock, AR | $2,298,695 | $4,048,566 |
Communities In Schools Of Tennessee Nashville, TN | $4,616,670 | $5,087,341 |