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Mississippi Economic Resource Trust

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$506k (2024)

Expenses
$365k (2024)

Total Assets
$13.1M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2010 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$505,845
Expenses
$365,358
Net Income
$140,487
Net Assets
$13,075,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $412,222
81.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $93,623
18.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,525
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,075,414
Total Liabilities $0
Net Assets $13,075,414
Compensation
Key Employees and Officers Compensation Related Other
Hancock Whitney Bank (Trustee) $25,525 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,228,607
Expenses
$437,085
Net Income
$3,791,522
Net Assets
$12,922,127
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,100,000
97.0%
Program Services $0
Investment Income $350,491
8.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$221,884
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $22,026
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,922,127
Total Liabilities $0
Net Assets $12,922,127
Compensation
Key Employees and Officers Compensation Related Other
Hancock Whitney Bank (Trustee) $22,026 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$82,278
Expenses
$157,711
Net Income
-$239,989
Net Assets
$9,156,627
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $211,559
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$293,837
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,253
11.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,156,627
Total Liabilities $0
Net Assets $9,156,627
Compensation
Key Employees and Officers Compensation Related Other
Hancock Whitney Bank (Trustee) $18,253 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,712,426
Expenses
$52,285
Net Income
$1,660,141
Net Assets
$9,400,779
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
58.4%
Program Services $0
Investment Income $260,932
15.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $451,469
26.4%
Net Inventory Sales $0
Other Revenue $25
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $16,937
32.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,400,779
Total Liabilities $0
Net Assets $9,400,779
Compensation
Key Employees and Officers Compensation Related Other
Hancock Whitney Bank (Trustee) $16,937 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$464,294
Expenses
$57,154
Net Income
$407,140
Net Assets
$7,735,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,500
4.4%
Program Services $0
Investment Income $137,356
29.6%
Bond Proceeds $1,965
0.4%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $304,473
65.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,128
51.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,735,066
Total Liabilities $0
Net Assets $7,735,066
Compensation
Key Employees and Officers Compensation Related Other
Hancock Whitney Bank (Trustee) $0 $0 $29,128

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,349,281
Expenses
$54,058
Net Income
$1,295,223
Net Assets
$7,325,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
74.1%
Program Services $0
Investment Income $174,730
12.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $174,551
12.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,825
47.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,325,717
Total Liabilities $0
Net Assets $7,325,717

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,436,368
Expenses
$301,321
Net Income
$2,135,047
Net Assets
$6,030,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000,000
82.1%
Program Services $0
Investment Income $112,214
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $324,154
13.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $23,968
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,030,494
Total Liabilities $0
Net Assets $6,030,494

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$121,081
Expenses
$145,322
Net Income
-$24,241
Net Assets
$3,881,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $56,273
46.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $79,607
65.7%
Net Inventory Sales $0
Other Revenue -$14,799
Notable Expenses Percent of Total Expenses
Executive Compensation $18,858
13.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,881,011
Total Liabilities $0
Net Assets $3,881,011

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$347,139
Expenses
$1,146,492
Net Income
-$799,353
Net Assets
$3,893,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $121,206
34.9%
Program Services $0
Investment Income $52,124
15.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $176,209
50.8%
Net Inventory Sales $0
Other Revenue -$2,400
Notable Expenses Percent of Total Expenses
Executive Compensation $20,304
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,893,255
Total Liabilities $0
Net Assets $3,893,255

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$355,782
Expenses
$404,790
Net Income
-$49,008
Net Assets
$4,682,240
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $98,618
27.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $258,821
72.7%
Net Inventory Sales $0
Other Revenue -$1,657
Notable Expenses Percent of Total Expenses
Executive Compensation $19,023
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,682,240
Total Liabilities $0
Net Assets $4,682,240

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$385,180
Expenses
$93,218
Net Income
$291,962
Net Assets
$4,731,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $116,092
30.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $270,491
70.2%
Net Inventory Sales $0
Other Revenue -$1,403
Notable Expenses Percent of Total Expenses
Executive Compensation $21,794
23.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,731,248
Total Liabilities $0
Net Assets $4,731,248

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$445,242
Expenses
$321,261
Net Income
$123,981
Net Assets
$4,439,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $118,525
26.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $330,666
74.3%
Net Inventory Sales $0
Other Revenue -$3,949
Notable Expenses Percent of Total Expenses
Executive Compensation $18,949
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,439,286
Total Liabilities $0
Net Assets $4,439,286

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$335,208
Expenses
$250,248
Net Income
$84,960
Net Assets
$4,315,305
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $109,139
32.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $231,920
69.2%
Net Inventory Sales $0
Other Revenue -$5,851
Notable Expenses Percent of Total Expenses
Executive Compensation $17,432
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,315,305
Total Liabilities $0
Net Assets $4,315,305

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$316,881
Expenses
$396,626
Net Income
-$79,745
Net Assets
$4,230,345
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $106,292
33.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $217,045
68.5%
Net Inventory Sales $0
Other Revenue -$6,456
Notable Expenses Percent of Total Expenses
Executive Compensation $11,878
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,230,345
Total Liabilities $0
Net Assets $4,230,345

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$434,034
Expenses
$292,864
Net Income
$141,170
Net Assets
$4,310,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $119,859
27.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $314,175
72.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $21,886
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,310,090
Total Liabilities $0
Net Assets $4,310,090

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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