FOUNDATION FOR EDUCATION & ECONOMIC DEVELOPMENT INC

EIN: 570902377 501(c)(3) Public & Societal Benefit

JACKSON, MS

Total Revenue
$3,000
Total Expenses
$3,869
Total Assets
$51,286
Net Assets
$51,286
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MS
Phone
6013550410
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR EDUCATION & ECONOMIC DEVELOPMENT INC, founded in 1988, is a micro nonprofit in the Public & Societal Benefit sector that reported $3K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $4K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE EDUCATIONAL SEMINARS

Program Service Accomplishments

Program 1

THE ORGANIZATION RESPONSIVELY ADDRESSED THE HARMFUL AND DEBILITATING EFFECTS OF POVERTY ON MISSISSIPPI'S CITIZENS, PROMOTED CIVIC PARTICIPATION AND ENHANCED THE EDUCATIONAL AND ECONOMIC DEVELOPMENT...

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THE ORGANIZATION RESPONSIVELY ADDRESSED THE HARMFUL AND DEBILITATING EFFECTS OF POVERTY ON MISSISSIPPI'S CITIZENS, PROMOTED CIVIC PARTICIPATION AND ENHANCED THE EDUCATIONAL AND ECONOMIC DEVELOPMENT OPPORTUNITIES.

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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 $3,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,869
TOTAL EXPENSES $3,869

Year-over-Year Comparison

2023 2022 Change
Revenue $3,000 $1,994 +0.5%
Expenses $3,869 $7,499 -0.5%
Net Income $-869 $-5,505 -0.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
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
12
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA BLACKMON MEMBER AT LA N/A
Officer Director
$0 $0 $0
N/A VICE CHAIRMA N/A
Officer Director
$0 $0 $0
SAMPSON JACKSON II CHAIRMAN N/A
Officer Director
$0 $0 $0
EDWARD BLACKMON JR FOUNDER N/A
Officer Director
$0 $0 $0
KABIR KARRIEM BOARD MEMBER N/A
Officer Director
$0 $0 $0
CARL L MICKENS BOARD MEMBER N/A
Officer Director
$0 $0 $0
ORLANDO PADEN TREASURER N/A
Officer Director
$0 $0 $0
WILLIE SIMMONS IMMEDIATE PA N/A
Officer Director
$0 $0 $0
RUFUS E STRAUGHTER BOARD MEMBER N/A
Officer Director
$0 $0 $0
ANGELA TURNER-FORD SECRETARY N/A
Officer Director
$0 $0 $0
PERCY W WATSON BOARD MEMBER N/A
Officer Director
$0 $0 $0
SONYA WILLIAMS-BARNES BOARD MEMBER N/A
Officer Director
$0 $0 $0
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 $3,000 $3,869 $51,286 $-869
2022 $1,994 $7,499 $52,155 $-5,505
2021 $6,500 $13,401 $57,660 $-6,901
2020 $81,400 $49,499 $64,561 $31,901
2019 $104,315 $110,207 $32,660 $-5,892
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