Excel Inc
- Assets
- $1.3m
- Revenue
- $332.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Okolona, MS
- Founding
- 12/1992
- Data as of
- 09/2023
- EIN
- 64-0801905
Organization Overview
Excel Inc is located in Okolona, MS. The organization was established in 1992. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Excel Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excel 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 09/2023, Excel Inc generated $332.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $481.3k during the year ending 09/2023. While expenses have increased by 2.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NONPROFIT THAT PROMOTES EDUCATION, WELFARE AND COMMUNITY INVOLVEMENT FOR ADULTS & CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND RELATED PROGRAMS - AFTER-SCHOOL & SUMMER TERMS.
COMMUNITY OUTREACH - RELATED COMMUNITY & WELLNESS INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Schreck Recording Sec'y | Officer | 15 | $26,000 |
Elizabeth Brown Executive Dir. | Officer | 15 | $19,500 |
Gary Ervin President | OfficerTrustee | 1 | $0 |
Susan Schultz Director | Trustee | 1 | $0 |
Bobbie Montgomery Director | Trustee | 1 | $0 |
Stella Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,447 |
| Total Program Service Revenue | $12,253 |
| Investment income | $15,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,429 |
| Net Gain/Loss on Asset Sales | $12,075 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $158,375 |
| Grants and other assistance to domestic individuals. | $20,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,500 |
| Compensation of current officers, directors, key employees. | $1,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,289 |
| Payroll taxes | $10,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,768 |
| Advertising and promotion | $0 |
| Office expenses | $3,575 |
| Information technology | $9,590 |
| Royalties | $0 |
| Occupancy | $44,046 |
| Travel | $34 |
| 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 | $29,324 |
| Insurance | $23,557 |
| All other expenses | $0 |
| Total functional expenses | $481,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,282 |
| Savings and temporary cash investments | $331,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,711 |
| 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 | $271 |
| Net Land, buildings, and equipment | $550,538 |
| Investments—publicly traded securities | $394,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $1,292,737 |
| Accounts payable and accrued expenses | $29,019 |
| 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 | $953 |
| Total liabilities | $29,972 |
| Net assets without donor restrictions | $1,078,560 |
| Net assets with donor restrictions | $184,205 |
| 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 | $1,292,737 |