The Family Resource Center Of North Mississippi Inc
- Assets
- $539.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Tupelo, MS
- Founding
- 09/1998
- Data as of
- 08/2022
- EIN
- 64-0895266
Organization Overview
The Family Resource Center Of North Mississippi Inc is located in Tupelo, MS. The organization was established in 1998. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 08/2022, Family Resource Center Of North Mississippi Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Resource Center Of North Mississippi 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 08/2022, Family Resource Center Of North Mississippi Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.9m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A PRESENCE WITHIN NORTHEAST MS COMMUNITIES TO SUPPORT AND PROMOTE HEALTHY FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING SAFE AND STABLE FAMILIES IN NORTHEAST MISSISSIPPI THROUGH ASSISTANCE TO NEEDY FAMILIES, VICTIM'S ASSISTANCE COUNSELING, EDUCATION, AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Cobb President | Trustee | 1 | $0 |
Dr Ormella Cummings Vice President | Trustee | 1 | $0 |
Joyce Johnston Member | Trustee | 1 | $0 |
Clay Dozier Treasurer | Trustee | 1 | $0 |
Casey Lott Member | Trustee | 1 | $0 |
Shelby Mccullar Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Familiae Orientem Llc Subsidies And Grants | 8/30/19 | $700,000 |
Priceless Ventures Llc Subsidies And Grants | 8/30/19 | $1,206,320 |
Lobaki Foundation Subsidies And Grants | 8/30/19 | $635,000 |
The Stephen Group Subsidies And Grants | 8/30/19 | $162,318 |
Brett Dibiase Contract Labor | 8/30/19 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,628,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,719,413 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,813,092 |
| 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 | $1,047,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,635 |
| Payroll taxes | $83,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,587 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,699 |
| Travel | $12,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,678 |
| Insurance | $25,957 |
| All other expenses | $48,315 |
| Total functional expenses | $1,911,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $364,291 |
| 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 | $59,412 |
| Net Land, buildings, and equipment | $73,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,431 |
| Accounts payable and accrued expenses | $196,119 |
| 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 | $28,598 |
| Total liabilities | $224,717 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $314,714 |
| 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 | $539,431 |
Grants Awarded
Over the last fiscal year, The Family Resource Center Of North Mississippi Inc has awarded $51,821 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ITAWAMBA COMMUNITY COLLEGE PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION IN ITS EFFORTS TO PROVIDE ASSISTANCE TO STUDENTS. | $41,537 |
NORTHWEST COMMUNITY COLLEGE PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION IN ITS EFFORTS TO PROVIDE ASSISTANCE TO STUDENTS. | $10,284 |