PURKS QALICB INC

EIN: 832687705 501(c)(3) Human Services

VICKSBURG, MS

Total Revenue
$51,017
Total Expenses
$263,195
Total Assets
$6,678,662
Net Assets
$-111,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MS
Principal Officer
KENNETH B RECTOR
Phone
6016381071
Tax Period
2024-01-01 to 2024-12-31

PURKS QALICB INC, founded in 2019, is a micro nonprofit in the Human Services sector that reported $51K in total revenue in fiscal year 2024. Expenses of $263K exceeded revenue, resulting in a 416% operating deficit.

Mission

THE DEVELOPMENT, CONSTRUCTION, AND EQUIPPING OF A FACILITY LOCATED AT 267 YMCA PLACE, VICKSBURG, MISSISSIPPI 39183 AND LEASED BY BORROWER TO TENANT TO BE OPERATED AS A YMCA (THE "PROJECT"). THE PROJECT IS IN ITS 95TH YEAR OF CONTINUOUS OPERATION, SERVING THE COMMUNITY WITH A VARIETY OF PROGRAMS INCLUDING YOUTH SPORTS, SWIMMING, FITNESS, CAMPING, TEEN AND FAMILY PROGRAMS, JOB TRAINING, CHILD CARE, YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. THE PROJECT WILL EXPAND THE LICENSED CHILD CARE SLOTS FROM 100 TO 250, INDOOR SPACE FOR YOUTH SPORTS TO SERVE AN ADDITIONAL 200 YOUTH DAILY AND HEALTH AND FITNESS SPACE TO ACCOMMODATE SEVERAL HUNDRED ADDITIONAL USERS EACH DAY. SPECIFICALLY, THE PROJECT INCLUDES NEW CONSTRUCTION (FULL GYM, EDUC. SPACE, WELLNESS SPACE) AND RENOVATION (EDUC. SPACE, LOBBY, WELLNESS SPACE). THE PROJECT SERVES APPROXIMATELY 5,000 MEMBERS, 90% OF WHICH ARE LIPS OR RESIDENTS OF LICS. THE PROJECT IS A STEP TOWARDS TWO CRITICAL GOALS: TO PROVIDE AFFORDABLE ALL

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $51,017
TOTAL REVENUE $51,017

Expense Breakdown

Grants Paid $15,964
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $263,195
Other Expenses $247,231
TOTAL EXPENSES $263,195

Year-over-Year Comparison

2024 2023 Change
Revenue $51,017 $48,466 +0.1%
Expenses $263,195 $251,190 +0.0%
Net Income $-212,178 $-202,724 +0.0%
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
5
Independent Members
5
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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWELL N GAGE DIRECTOR N/A
Officer Director
$0 $0 $0
RUSTY HAWKINS DIRECTOR N/A
Officer Director
$0 $0 $0
ROBERT R MORRISSON III DIRECTOR N/A
Officer Director
$0 $0 $0
KENNETH B RECTOR DIRECTOR N/A
Officer Director
$0 $0 $0
LESLIE SADLER DIRECTOR 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 $51,017 $263,195 $6,678,662 $-212,178
2023 $48,466 $251,190 $6,890,840 $-202,724
2022 $48,767 $257,455 $7,093,564 $-208,688
2021 $42,100 $262,045 $7,302,252 $-219,945
2020 $41,553 $129,391 $7,522,197 $-87,838
2019 $852,189 $32,154 $7,642,189 $820,035
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