Mississippi Low-Income Childcare Initiative Inc

EIN: 640943404 501(c)(3) Human Services

Biloxi, MS

Total Revenue
$848,306
Total Expenses
$1,352,175
Total Assets
$3,262,398
Net Assets
$3,214,060
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MS
Principal Officer
Carol Burnett
Phone
2286694827
Tax Period
2024-01-01 to 2024-12-31

Mississippi Low-Income Childcare Initiative Inc, founded in 2001, is a small nonprofit in the Human Services sector that reported $848K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 59% operating deficit.

Mission

Foster awareness, training, and understanding to childcare providers of low income families. To provide development, training, and enhancment of childcare centers.

Program Service Accomplishments

Program 1
Expenses: $1,271,802 Revenue: $3,592,938

Highlighting ineffective policies and inequality in the low-income childcare sector.

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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 $761,799
Program Service Revenue $0
Investment Income $83,490
Other Revenue $3,017
TOTAL REVENUE $848,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $497,563
Fundraising Expenses $0
Program Expenses $1,271,802
Other Expenses $854,612
TOTAL EXPENSES $1,352,175

Year-over-Year Comparison

2024 2023 Change
Revenue $848,306 $3,592,938 -0.8%
Expenses $1,352,175 $1,100,459 +0.2%
Net Income $-503,869 $2,492,479 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
9
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
3
$0
Total Directors
6
$0
Key Employees
1
$60,769
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nsombi Lambright President 1.00
Officer Director
$0 $0 $0
Tracy DeVries Vice President 1.00
Officer Director
$0 $0 $0
Joe Hudson Treasurer 1.00
Officer Director
$0 $0 $0
Dorothy Lewis Board Member 1.00
Director
$0 $0 $0
Roshunda Harris-Allen Board Member 1.00
Director
$0 $0 $0
Paheadra B Robinson Board Member 1.00
Director
$0 $0 $0
Carol Burnett Executive Director 30.00
Key Emp
$60,769 $0 $60,769
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 $848,306 $1,352,175 $3,262,398 $-503,869
2023 $3,592,938 $1,100,459 $3,806,588 $2,492,479
2022 $588,321 $925,314 $1,191,126 $-336,993
2021 $1,345,537 $863,617 $1,584,822 $481,920
2020 $1,079,455 $1,036,170 $1,137,939 $43,285
2019 $286,620 $568,097 $831,542 $-281,477
2018 $504,701 $740,965 $1,231,694 $-236,264
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