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North Mississippi Enterprise Initiative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640885861 ✦ Oxford, MS ✦ Designated as a 501(c)(3)

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Overview

What is North Mississippi Enterprise Initiative Inc?

North Mississippi Enterprise Initiative Inc, located in Oxford, Mississippi, serves as an economic development tool in Lafayette, Panola, and Grenada County. The organization operates as a business incubator network, providing affordable rental space for new businesses and offering expertise to support their growth. With a mission to foster entrepreneurship within the North Mississippi region, North Mississippi Enterprise Initiative Inc aims to contribute positively to the local economy. Currently, the nonprofit employs a team of one individual.


Official website here: www.northmiss.org

Is North Mississippi Enterprise Initiative Inc legitimate?

North Mississippi Enterprise Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Mississippi Enterprise Initiative 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.northmiss.org

What is the mission statement of North Mississippi Enterprise Initiative Inc?

The North Mississippi Enterprise Initiative Inc. is committed to providing leadership in entrepreneurship within its region. As a business incubator network, it offers affordable rental space for start-up businesses and supplements this with management expertise. This initiative serves as an economic development tool, contributing positively across various counties, including Lafayette, Panola, and Grenada. The North Mississippi Enterprise Initiative Inc. aims to foster business growth and promote self-sustainability among local entrepreneurs.


Official website here: www.northmiss.org

Who is the CEO of North Mississippi Enterprise Initiative Inc?

Holly Kelly is the Executive Di of North Mississippi Enterprise Initiative Inc.


Official website here: www.northmiss.org

What is the revenue of North Mississippi Enterprise Initiative Inc?

North Mississippi Enterprise Initiative Inc's revenue in 2022 was $372,077.


Official website here: www.northmiss.org

Who are the executives of North Mississippi Enterprise Initiative Inc and what are their salaries?

There is 1 employee at North Mississippi Enterprise Initiative Inc.


Here are 8 key members and their salaries:


Holly Kelly (Executive Di)
  • Compensation: $51,709
  • Related: $0
  • Other: $0
John Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Azar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lygunnah Bean (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max D Hipp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Maynard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Sharpe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.northmiss.org

Where can I find the form 990 for North Mississippi Enterprise Initiative Inc?

North Mississippi Enterprise Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.northmiss.org

Learn more at the official website: www.northmiss.org

Mission Statement of North Mississippi Enterprise Initiative Inc

North Mississippi Enterprise Initiative Inc, as a business incubator network, plays a significant role in driving entrepreneurship within the North Mississippi region. Their mission is to offer leadership and expertise, providing affordable rental spaces for budding businesses. By doing so, they serve as an essential economic development tool, contributing to the growth and prosperity of Lafayette, Panola, and Grenada County. The organization's mission is centered around fostering entrepreneurial spirit and nurturing start-ups, thereby contributing to the overall economic development of the region.

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Impact




October, 2024

North Mississippi Enterprise Initiative Inc plays a vital role in fostering economic growth and entrepreneurship within the region by offering a robust business incubator network. With affordable rental spaces for start-up businesses, it lowers barriers to entry for aspiring entrepreneurs in Lafayette, Panola, and Grenada counties. This initiative not only provides physical space but also imparts essential management expertise, equipping new businesses with the tools they need to thrive. By acting as a catalyst for economic development, it enhances community improvement and supports the growth of a diverse array of local enterprises, ultimately contributing to the region's economic vitality.




This information is meant to be a general summary of North Mississippi Enterprise Initiative 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.

Revenue
$372,077 (2022)
Expenses
$389,278 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $295
  • Program Service Revenue: $371,782
  • Gross Receipts: $372,077

Assets and Liabilities:

  • Total Assets: $247,770
  • Total Liabilities: $1,989
  • Net Assets: $245,781

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL FROM INCUBATING

Revenue

$371,782

Organization Details

Founding Year

1998

Principal Officer

Holly Kelly

Main Address

9 INDUSTRIAL PARK DRIVE STE 104, OXFORD, MS, 38655

NTEE Category

Code: S43 - Community improvement

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