MISSISSIPPI ENTERPRISE FOR TECHNOLOGY INC

EIN: 640843286 501(c)(3) Community Improvement

STENNIS SPACE CENTER, MS

Total Revenue
$761,829
Total Expenses
$790,799
Total Assets
$416,347
Net Assets
$322,619
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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
1954
Legal Domicile
MS
Principal Officer
JEFF DAVIS PACE III
Phone
2286883144
Tax Period
2023-01-01 to 2023-12-31

MISSISSIPPI ENTERPRISE FOR TECHNOLOGY INC, founded in 1954, is a small nonprofit in the Community Improvement sector that reported $762K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE INDUSTRIAL GROWTH, STIMULATE NEW BUSINESS START-UPS AND ATTRACT COMPANIES TO MISSISSIPPI THRU TECHNOLOGICAL AND SCIENTIFIC TRANSFER FROM GOVERNMENT TO THE PRIVATE INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $561,201 Revenue: $559,259

TO PROMOTE TECHNOLOGICAL TRANSFER FROM GOVERNMENT TO THE PRIVATE INDUSTRY

Program 2

THE ORGANIZATION RECEIVES OFFICE SPACE FROM STENNIS SPACE CENTER- ESTIMATED FAIR VALUE $126,288.

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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 $202,182
Program Service Revenue $559,259
Investment Income $388
Other Revenue $0
TOTAL REVENUE $761,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $561,201
Other Expenses $790,799
TOTAL EXPENSES $790,799

Year-over-Year Comparison

2023 2022 Change
Revenue $761,829 $585,879 +0.3%
Expenses $790,799 $634,752 +0.2%
Net Income $-28,970 $-48,873 -0.4%
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG HINKEBEIN CHAIRMAN 0.00
Director
$0 $0 $0
JEFF DAVIS PACE III PRESIDENT 0.00
Director
$0 $0 $0
MR TODD LADNER VICE CHAIRMAN 0.00
Director
$0 $0 $0
MR MARK SCHLOEGEL SECRETARY 0.00
Director
$0 $0 $0
MR CLAY WAGNER TREASURER 0.00
Director
$0 $0 $0
ASHLEY EDWARDS DIRECTOR 0.00
Director
$0 $0 $0
KIMBERLY AGUILLARD DIRECTOR 0.00
Director
$0 $0 $0
MR ROBERT MCCUMMINS DIRECTOR 0.00
Director
$0 $0 $0
MR MICHAEL MCDANIEL DIRECTOR 0.00
Director
$0 $0 $0
MR JEFFREY BEST DIRECTOR 0.00
Director
$0 $0 $0
MR MICHAEL MOORE DIRECTOR 0.00
Director
$0 $0 $0
GENA LENTZ DIRECTOR 0.00
Director
$0 $0 $0
MADELINE WALKER DIRECTOR 0.00
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 $761,829 $790,799 $416,347 $-28,970
2022 $585,879 $634,752 $454,527 $-48,873
2021 $456,921 $544,590 $540,113 $-87,669
2020 $576,663 $591,464 $643,366 $-14,801
2019 $648,822 $652,972 $631,652 $-4,150
2018 $728,370 $652,333 $619,032 $76,037
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