CENTRAL MISSISSIPPI GROWTH FOUNDATION

EIN: 237056135

JACKSON, MS

Total Revenue
$295,035
Total Expenses
$342,597
Total Assets
$354,348
Net Assets
$301,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MS
Principal Officer
JEFF RENT
Phone
6019487575
Tax Period
2023-01-01 to 2023-12-31

CENTRAL MISSISSIPPI GROWTH FOUNDATION, founded in 1970, is a small nonprofit that reported $295K in total revenue in fiscal year 2023. Expenses of $343K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO DEVELOP PROGRAMS THAT WOULD IMPROVE THE ECONOMY OF CENTRAL MISSISSIPPI, INCLUDING THE ATTRACTION OF NEW INDUSTRIAL PAYROLLS AND IMPROVEMENT OF DOWNTOWN JACKSON, MISSISSIPPI

Program Service Accomplishments

Program 1
Expenses: $340,370

FUNDS WERE USED TO PAY FOR ADVERTISEMENTS IN BUSINESS PUBLICATIONS PROMOTING THE JACKSON, MS AREA AND MARKETING ACTIVITIES OF THE GREATER JACKSON ALLIANCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $295,000
Program Service Revenue $0
Investment Income $35
Other Revenue $0
TOTAL REVENUE $295,035

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $340,370
Other Expenses $342,597
TOTAL EXPENSES $342,597

Year-over-Year Comparison

2023 2022 Change
Revenue $295,035 $300,879 0.0%
Expenses $342,597 $240,376 +0.4%
Net Income $-47,562 $60,503 -1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
37
Independent Members
37
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$197,414
Total Directors
37
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSA M BECKETT DIRECTOR 0.50
Director
$0 $0 $0
DAVID BLOUNT DIRECTOR 0.50
Director
$0 $0 $0
CAROLYN BOTELER DIRECTOR 0.50
Director
$0 $0 $0
DAVID BOWMAN DIRECTOR 0.50
Director
$0 $0 $0
MATT DAVIDSON DIRECTOR 0.50
Director
$0 $0 $0
SAM DEAN DIRECTOR 0.50
Director
$0 $0 $0
JOHNNY DONALDSON DIRECTOR 0.50
Director
$0 $0 $0
KABAH EALY CHAIRMAN-ELECT 0.50
Officer Director
$0 $0 $0
LA'VERNE EDNEY DIRECTOR 0.50
Director
$0 $0 $0
ED GARDNER CHAIRMAN 0.50
Officer Director
$0 $0 $0
MIKE GLADNEY DIRECTOR 0.50
Director
$0 $0 $0
ERRICK GREENE DIRECTOR 0.50
Director
$0 $0 $0
HAROLD HART DIRECTOR 0.50
Director
$0 $0 $0
WHIT HUGHES DIRECTOR 0.50
Director
$0 $0 $0
WENDY HUTCHINS DIRECTOR 0.50
Director
$0 $0 $0
TAMIKA JENKINS DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL JORDAN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT LEARD DIRECTOR 0.50
Director
$0 $0 $0
FELICIA LYLES DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL BOOKER DIRECTOR 0.50
Director
$0 $0 $0
TIM MASK TREASURER 0.50
Officer Director
$0 $0 $0
WILLIE O'NEAL DIRECTOR 0.50
Director
$0 $0 $0
THU PHAN DIRECTOR 0.50
Director
$0 $0 $0
DAVID PHARR DIRECTOR 0.50
Director
$0 $0 $0
GABRIEL PRADO DIRECTOR 0.50
Director
$0 $0 $0
JOHNNY RAY DIRECTOR 0.50
Director
$0 $0 $0
JAMES RIGNEY DIRECTOR 0.50
Director
$0 $0 $0
JIM SHELSON DIRECTOR 0.50
Director
$0 $0 $0
RYAL SIEM DIRECTOR 0.50
Director
$0 $0 $0
DAVID SLIGER DIRECTOR 0.50
Director
$0 $0 $0
CRAIG STOVALL DIRECTOR 0.50
Director
$0 $0 $0
RICKEY THIGPEN DIRECTOR 0.50
Director
$0 $0 $0
TOM TROXLER DIRECTOR 0.50
Director
$0 $0 $0
BOBBIE WARE DIRECTOR 0.50
Director
$0 $0 $0
KYLE WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
JOHN WISE DIRECTOR 0.50
Director
$0 $0 $0
DR ELAYNE ANTHONY DIRECTOR 0.50
Director
$0 $0 $0
DEBI GREEN VICE PRESIDENT 0.50
Officer
$0 $1,066 $80,146
JEFF RENT PRESIDENT/CEO 0.50
Officer
$0 $1,588 $117,268
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $295,035 $342,597 $354,348 $-47,562
2022 $300,879 $240,376 $489,392 $60,503
2021 $192,828 $209,688 $366,651 $-16,860
2020 $147,029 $124,272 $387,271 $22,757
2019 $240,353 $395,847 $308,737 $-155,494
2018 $261,526 $526,396 $466,423 $-264,870
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