North Mississippi Education Consortion
- Assets
- $2.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 9
- Location
- University, MS
- Founding
- 10/2001
- Data as of
- 06/2021
- EIN
- 64-0884671
Organization Overview
North Mississippi Education Consortion is located in University, MS. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, North Mississippi Education Consortion employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Mississippi Education Consortion 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 06/2021, North Mississippi Education Consortion generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $8.7m during the year ending 06/2021. While expenses have increased by 11.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CONTINUING PROFESSIONAL EDUCATION FOR NORTH MS TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CONTINUING PROFESSIONAL EDUCATION FOR TEACHERS IN NORTH MISSISSIPPI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Grace Program Spec | 40 | $116,592 | |
Susan Scott Project Coor | 40 | $104,000 | |
Jimmy Weeks Director | Officer | 40 | $65,000 |
Chrisiti Holly Board Member | Trustee | 0 | $0 |
Jay Allen Board Member | Trustee | 0 | $0 |
Todd English Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,717,490 |
| 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 | $7,717,490 |
| Total Program Service Revenue | $1,564,472 |
| Investment income | $17,498 |
| 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 | $9,299,460 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,800 |
| 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 | $47,832 |
| Information technology | $570 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,544 |
| 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 | $36,625 |
| All other expenses | $247,773 |
| Total functional expenses | $8,652,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $928,821 |
| Savings and temporary cash investments | $680,123 |
| Pledges and grants receivable | $798,486 |
| Accounts receivable, net | $159,524 |
| 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 | $11,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,578,004 |
| Accounts payable and accrued expenses | $494,337 |
| 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 | $95,836 |
| Other liabilities | $0 |
| Total liabilities | $590,173 |
| Net assets without donor restrictions | $1,987,831 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,578,004 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Mississippi Education Consortion has recieved totaling $1,215,641.
| Awarding Organization | Amount |
|---|---|
W K Kellogg Foundation Battle Creek, MI PURPOSE: IMPROVE KINDERGARTEN READINESS RATES BY INCREASING THE NUMBER OF ENDORSED OR CERTIFIED TEACHERS IN PRE-KINDERGARTEN SETTINGS AND BY PROVIDING SUPPORTS AND COMPREHENSIVE SERVICES TO LICENSED CHILD CARE PROGRAMS SERVING CHILDREN IN JACKSON AND SUNFLOWER COUNTY | $617,540 |
W K Kellogg Foundation Battle Creek, MI PURPOSE: IMPROVE KINDERGARTEN READINESS RATES BY INCREASING THE NUMBER OF ENDORSED OR CERTIFIED TEACHERS IN PRE-KINDERGARTEN SETTINGS AND BY PROVIDING SUPPORTS AND COMPREHENSIVE SERVICES TO LICENSED CHILD CARE PROGRAMS SERVING CHILDREN IN JACKSON AND SUNFLOWER COUNTY | $598,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
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 |