Mississippi E-Center Foundation
- Assets
- $12.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Jackson, MS
- Founding
- 04/2001
- Data as of
- 06/2019
- EIN
- 64-0934139
Organization Overview
Mississippi E-Center Foundation is located in Jackson, MS. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2019, Mississippi E-Center Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi E-Center Foundation 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 06/2019, Mississippi E-Center Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
AS A HUB OF STATE-OF-THE-ART INFORMATION TECHONOLGY, THE MS E-CENTER @ JSU PROVIDES A SECURE HIGH-TECH ENVIRONMENT OFFFERING COMPETITIVE ADVANTAGES, CAREER AND BUSINESS DEVELOPMENT, AND SUPPORT SERVICES ASSIST EVOLVING BUSINESSES, RESEARCHER AND ORGANIZATION TO EXCEL IN THE GLOBAL MARKETPLACE. IT ALSO
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FACILITIES IN ORDER TO EDUCATE JSU STUDENTS IN THE AREA OF ELECTRONIC COMMUNICATIONS, WIRELESS COMMUNICATIONS AND RELATED ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr William Mchenry Executive Director | Officer | 2 | $108,354 |
Camiel Brown Office Manager | Officer | 40 | $61,942 |
Alveno Castilla Member | Trustee | 2 | $0 |
Gloria Johnson Member | Trustee | 2 | $0 |
Jill Beneke Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,102 |
| Investment income | $0 |
| 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 | $2,097,372 |
| Statement of Expenses | |
|---|---|
| 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. | $104,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,267 |
| Payroll taxes | $28,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $578 |
| Fees for services: Accounting | $40,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,803 |
| Advertising and promotion | $12,887 |
| Office expenses | $60,500 |
| Information technology | $13,544 |
| Royalties | $0 |
| Occupancy | $935,493 |
| Travel | $13,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $454,139 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,304,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,961 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,938 |
| Total assets | $12,843,967 |
| Accounts payable and accrued expenses | $63,724 |
| 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 | $386,314 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,435 |
| Total liabilities | $455,473 |
| Net assets without donor restrictions | $12,388,494 |
| 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 |
| Total liabilities and net assets/fund balances | $12,388,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Middle Tennessee State University Foundation Murfreesboro, TN | $117,999,587 | $16,471,509 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Chattanooga Foundation Inc Chattanooga, TN | $205,885,270 | $12,953,560 |
The Valley Foundation Huntsville, AL | $15,802,575 | $12,088,655 |
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |