MISSISSIPPI GULF COAST CHAMBER OF COMMERCE INC

EIN: 640761350

GULFPORT, MS

Total Revenue
$1,178,390
Total Expenses
$1,258,850
Total Assets
$2,189,885
Net Assets
$2,094,085
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MS
Principal Officer
ADELE LYONS
Phone
2286040014
Tax Period
2024-01-01 to 2024-12-31

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE INC, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE, INC., A MISSISSIPPI NON-PROFIT CORPORATION (THE "CHAMBER") CONNECTS, INFORMS, ADVOCATES AND DEVELOPS. THE CHAMBER IS A MEMBERSHIP ORGANIZATION THAT FOSTERS LEADERSHIP AND THE ADVANCEMENT OF THE COMMUNITY VISION AND INTERESTS OF ITS MEMBERS AND STRIVES TO IMPROVE THE BUSINESS CLIMATE THROUGH FACILITATING, ADVOCATING, AND PROVIDING INFORMATION ON BEHALF OF THE REGION. THE CHAMBER SHALL OBSERVE ALL LOCAL, STATE AND FEDERAL LAWS WHICH APPLY TO NON-PROFIT ORGANIZATIONS AS DEFINED IN SECTION 501 (C)(6) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1
Expenses: $72,972 Revenue: $114,535

THE ORGANIZATION HELD ITS ANNUAL BILOXI SEAFOOD FESTIVAL WHICH CELEBRATES BILOXI'S RICH CULTURE, HERITAGE, AND CONNECTION TO THE SEAFOOD INDUSTRY. THE ONE-DAY FESTIVAL INCLUDES LIVE ENTERTAINEMENT...

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THE ORGANIZATION HELD ITS ANNUAL BILOXI SEAFOOD FESTIVAL WHICH CELEBRATES BILOXI'S RICH CULTURE, HERITAGE, AND CONNECTION TO THE SEAFOOD INDUSTRY. THE ONE-DAY FESTIVAL INCLUDES LIVE ENTERTAINEMENT, AN ARRAY OF SEAFOOD, COOKING COMPETITIONS, ARTS & CRAFTS, AND ACTIVITIES FOR CHILDREN.

Program 2
Expenses: $41,468 Revenue: $35,019

THE ORGANIZATION HAS A PROGRAM DESIGNED TO DEVELOP LEADERS ALONG THE MISSISSIPPI GULF COAST BY CONNECTING ITS NETWORK OF DIVERSE AND DYNAMIC YOUNG PROFESSIONALS THROUGHOUT THE REGION. THE PROGRAM...

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THE ORGANIZATION HAS A PROGRAM DESIGNED TO DEVELOP LEADERS ALONG THE MISSISSIPPI GULF COAST BY CONNECTING ITS NETWORK OF DIVERSE AND DYNAMIC YOUNG PROFESSIONALS THROUGHOUT THE REGION. THE PROGRAM OFFERS DEVELOPMENTAL OPPORTUNITIES THAT INCLUDE IMPLEMENTING PROGRAMS, COMMUNITY SERVICE PROJECTS, AND SPECIAL EVENTS THAT ARE VALUABLE TOT THE GROWTH AND DEVELOPMENT OF YOUNG PROFESSIONALS FROM ALL INDUSTRIES.

Program 3
Expenses: $53,569 Revenue: $54,450

THE ORGANIZATION HAS A PROGRAM DESIGNED TO PREPARE THE AREA'S CURRENT AND POTENTIAL LEADERS FOR THE FUTURE. THE PROGRAM'S GOAL IS TO UNDERSTAND REAL PROBLEMS AND OPPORTUNITIES IN OUR COMMUNITY, AND...

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THE ORGANIZATION HAS A PROGRAM DESIGNED TO PREPARE THE AREA'S CURRENT AND POTENTIAL LEADERS FOR THE FUTURE. THE PROGRAM'S GOAL IS TO UNDERSTAND REAL PROBLEMS AND OPPORTUNITIES IN OUR COMMUNITY, AND TO CREATE A COMMUNICATION NETWORK BETWEEN THE PRESENT AND EMERGING LEADERS DEDICATED TO THE IMPROVEMENT OF THE MISSISSIPPI GULF COAST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $520,770
Program Service Revenue $591,217
Investment Income $58,111
Other Revenue $8,292
TOTAL REVENUE $1,178,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $604,540
Fundraising Expenses $0
Program Expenses $1,003,187
Other Expenses $654,310
TOTAL EXPENSES $1,258,850

Year-over-Year Comparison

2024 2023 Change
Revenue $1,178,390 $1,163,332 +0.0%
Expenses $1,258,850 $1,153,516 +0.1%
Net Income $-80,460 $9,816 -9.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
14
Volunteers
275

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
6
$116,888
Total Directors
31
$116,888
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC CHAMBLESS PRESIDENT 1.00
Officer Director
$0 $0 $0
JAKAVIOUS PICKETT PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
AMBER OLSEN PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
HEATHER SMITH ATTORNEY 0.50
Officer Director
$0 $0 $0
JENNIFER LEE TREASURER 1.00
Officer Director
$0 $0 $0
LAUREN MCCRORY CHAIR 1.00
Director
$0 $0 $0
TOM WADE CHAIR 1.00
Director
$0 $0 $0
STEPHANIE MATHES CHAIR 1.00
Director
$0 $0 $0
SHANINUN PITTMAN CHAIR 1.00
Director
$0 $0 $0
LAUREN SANTA CRUZ CHAIR 1.00
Director
$0 $0 $0
CHRISTIAN HARTLEY CHAIR 1.00
Director
$0 $0 $0
NELL SCHMIDT CHAIR 1.50
Director
$0 $0 $0
RYAN GOLDIN MEMBER 0.50
Director
$0 $0 $0
EMILY BURKE MEMBER 0.50
Director
$0 $0 $0
HOPE BLANKENSHIP MEMBER 0.50
Director
$0 $0 $0
FRANK DAWSON MEMBER 0.50
Director
$0 $0 $0
KEVA SCOTT MEMBER 0.50
Director
$0 $0 $0
KIMBERLY RASMUSSEN MEMBER 0.50
Director
$0 $0 $0
ANGELYN ZERINGUE MEMBER 0.50
Director
$0 $0 $0
BRYAN JACOBS MEMBER 0.50
Director
$0 $0 $0
CHRISTEN DUHE MEMBER 0.50
Director
$0 $0 $0
GEORGIA STOREY MEMBER 0.50
Director
$0 $0 $0
DAVID DUHE MEMBER 0.50
Director
$0 $0 $0
LESLIE KELLEY MEMBER 0.50
Director
$0 $0 $0
CINDY LAMB MEMBER 0.50
Director
$0 $0 $0
ARLANA HARGRAVE MEMBER 0.50
Director
$0 $0 $0
RICK WILLIAMS CHAIR, MGCCC FOUNDATION 0.50
Director
$0 $0 $0
BRENT FAIRLEY EX OFFICIO 0.50
Director
$0 $0 $0
MONICA WALKER EX OFFICIO 0.50
Director
$0 $0 $0
APRIL SANDERSON EX OFFICIO 0.50
Director
$0 $0 $0
ADELE LYONS CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$116,888 $0 $116,888
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 $1,178,390 $1,258,850 $2,189,885 $-80,460
2023 $1,163,332 $1,153,516 $2,147,378 $9,816
2022 $1,227,800 $1,155,520 $2,062,924 $72,280
2021 $1,181,267 $1,032,968 $2,124,616 $148,299
2020 $820,835 $863,344 $1,934,632 $-42,509
2019 $1,127,095 $1,061,312 $1,941,639 $65,783
2018 $1,143,693 $1,078,597 $1,873,648 $65,096
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