Overview
What is Mississippi Association Of Cooperatives Inc?
Mississippi Association of Cooperatives Inc is a nonprofit organization situated in Jackson, Mississippi, specifically at 233 E Hamilton Street. Their primary mission is to uplift economically disadvantaged rural communities and their residents across the state by promoting cooperative development. They accomplish this mission through their core activity, which involves providing technical assistance, educational training, and financial programs aimed at supporting small farmers. With a team of nine dedicated individuals, Mississippi Association of Cooperatives Inc is committed to enhancing the livelihoods of rural communities and their farmers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Mississippi Association of Cooperatives Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The rating is based entirely on accountability and finance metrics, showcasing strengths in several key areas such as having a fully independent board and a strong audit and oversight committee.
Particularly noteworthy is the organization's 100% independent board membership, which contributes to their effective governance. Additionally, the organization has a low liabilities to assets ratio of 16.09%, reflecting a sound financial position. However, while the program expense ratio stands at 61.85%, it suggests that there may be room for improvement in their spending on programs versus administrative costs.
Overall, the Mississippi Association of Cooperatives Inc demonstrates strong financial practices and governance, but stakeholders may want to consider the program expense ratio in assessing the organization's effectiveness in delivering its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi Association Of Cooperatives Inc legitimate?
Mississippi Association Of Cooperatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi Association Of Cooperatives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,700
For more financial information, click here
What is the mission statement of Mississippi Association Of Cooperatives Inc?
The Mississippi Association of Cooperatives Inc has a mission to assist small farmers through technical support, educational training, and financial programs. This organization aims to enhance its mission by strengthening economically disadvantaged rural communities and their residents. By focusing on cooperative development, the Mississippi Association of Cooperatives Inc contributes to improving the overall economic condition of these communities.
Who is the CEO of Mississippi Association Of Cooperatives Inc?
Myra Bryant is the Principal Officer of Mississippi Association Of Cooperatives Inc.
What is the revenue of Mississippi Association Of Cooperatives Inc?
Mississippi Association Of Cooperatives Inc's revenue in 2022 was $1,192,024.
Who are the executives of Mississippi Association Of Cooperatives Inc and what are their salaries?
The average compensation at Mississippi Association Of Cooperatives Inc during 2022 was $25,522. There are 9 employees and 5 volunteers at Mississippi Association Of Cooperatives Inc.
Here are 8 key members and their salaries:
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- Compensation: $1,667
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- Compensation: $10,394
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- Compensation: $8,250
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- Other: $0
Where can I find the form 990 for Mississippi Association Of Cooperatives Inc?
Mississippi Association Of Cooperatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mississippi Association Of Cooperatives Inc
Mississippi Association of Cooperatives Inc is an organization committed to enhancing the lives of small farmers in the state. Their primary mission involves administering and coordinating technical assistance, educational training, and financial programs specifically designed for this group. This mission is geared towards empowering these farmers, providing them with the necessary resources to overcome challenges and thrive in their respective fields.
In a broader context, Mississippi Association of Cooperatives Inc seeks to uplift economically depressed rural communities and their residents. They accomplish this through cooperative development, a strategy that fosters unity, cooperation, and mutual self-help among community members. By promoting cooperative initiatives, the organization aims to create sustainable economic growth and improve the overall well-being of the rural communities it serves.
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Impact
July, 2024
Mississippi Association of Cooperatives Inc has a significant impact on building economically depressed rural communities throughout the state of Mississippi by administering and coordinating technical assistance, educational training, and financial programs for small farmers. Through their focus on cooperative development, they are helping to uplift residents in these communities and improve the overall economic landscape.
This information is meant to be a general summary of Mississippi Association Of Cooperatives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,990
- Gross Receipts: $1,192,024
Assets and Liabilities:
- Total Assets: $705,455
- Total Liabilities: $107,506
- Net Assets: $597,949
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Organization Details
Founding Year
1972
Phone
(601) 944-0599Principal Officer
Myra Bryant
Main Address
233 E Hamilton Street, Jackson, MS, 39202
NTEE Category
Code: K20 - Food
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