GOVERNOR'S COUNCIL TO PROMOTE MISSISSIPPI

EIN: 851779153

JACKSON, MS

Total Revenue
$471,258
Total Expenses
$99,459
Total Assets
$372,637
Net Assets
$372,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MS
Principal Officer
BARRIE NELSON
Phone
6016684592
Tax Period
2024-07-01 to 2025-06-30

GOVERNOR'S COUNCIL TO PROMOTE MISSISSIPPI, founded in 2020, is a small nonprofit that reported $471K in total revenue in fiscal year 2024. Revenue surged 504% from the prior year, signaling strong growth momentum. The organization ran a surplus of $372K, a strong 79% operating margin.

Mission

THE PURPOSES FOR WHICH GOVERNOR'S COUNCIL TO PROMOTE MISSISSIPPI (THE "COUNCIL") IS ORGANIZED ARE AS FOLLOWS: (A) TO INCREASE PUBLIC AWARENESS AMONG RESIDENTS OF MISSISSIPPI AND OTHER STATES OF NOTABLE ACHIEVEMENTS BY MISSISSIPPIANS TO IMPROVE THE PUBLIC IMAGE OF THE STATE; (B) TO PROVIDE FUNDING FOR ACTIVITIES THAT PROMOTE MISSISSIPPI AND ENCOURAGE ECONOMIC DEVELOPMENT IN MISSISSIPPI (C) TO PROVIDE FUNDING FOR ACTIVITIES AND THE DEVELOPMENT OF PUBLIC POLICIES TO FACILITATE MISSISSIPPI'S ECONOMIC RECOVERY FROM THE NATURAL DISASTERS, EPIDEMICS AND OTHER PUBLIC HEALTH AND SAFETY CHALLENGES THAT OCCUR FROM TIME TO TIME; (D) TO SUPPORT TAX-EXEMPT ORGANIZATIONS WHOSE PURPOSE IS CHARITABLE OR EDUCATIONAL IN NATURE; (E) TO SUPPORT TAX-EXEMPT ORGANIZATIONS WHICH WORK TO IMPROVE EDUCATIONAL, VOCATIONAL, CIVIC, ARTISTIC AND CULTURAL OPPORTUNITIES FOR MISSISSIPPI RESIDENTS; AND (F) TO FUND ANY OTHER ACTIVITIES SELECTED BY THE COUNCIL'S BOARD OF DIRECTORS PROVIDED, THAT, SUCH ACTIVITIES ARE PERMITTED UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986 (AS AMENDED OR OTHERWISE MODIFIED, THE "CODE") AND APPLICABLE REGULATIONS PROMULGATED THEREUNDER. IN FURTHERANCE THEREOF, THE COUNCIL MAY RECEIVE PROPERTY BY GIFT, DEVISE OR BEQUEST, INVEST AND REINVEST THE SAME, AND APPLY THE INCOME AND PRINCIPAL THEREOF, AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DETERMINE, EITHER DIRECTLY OR THROUGH CONTRIBUTIONS TO ANY CHARITABLE ORGANIZATION OR OTHER TAX-EXEMPT ORGANIZATION, ORGANIZED EXCLUSIVELY FOR CHARITABLE,EDUCATIONAL, CIVIC, OR SOCIAL WELFARE PURPOSES, AND ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE MISSISSIPPI NONPROFIT CORPORATION ACT (THE "ACT").

Program Service Accomplishments

Program 1
Expenses: $87,517

INCREASED PUBLIC AWARENESS AMONG RESIDENTS OF MISSISSIPPI AND OTHER STATES OF NOTABLE ACHIEVEMENTS BY MISSISSIPPIANS WHICH IMPROVED THE PUBLIC IMAGE OF THE STATE, PROVIDED FUNDING FOR ACTIVITIES THAT...

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INCREASED PUBLIC AWARENESS AMONG RESIDENTS OF MISSISSIPPI AND OTHER STATES OF NOTABLE ACHIEVEMENTS BY MISSISSIPPIANS WHICH IMPROVED THE PUBLIC IMAGE OF THE STATE, PROVIDED FUNDING FOR ACTIVITIES THAT PROMOTED MISSISSIPPI AND ENCOURAGED ECONOMIC DEVELOPMENT IN MISSISSIPPI, SUPPORED TAX-EXEMPT ORGANIZATIONS WHOSE PURPOSE IS CHARITABLE OR EDUCATIONAL IN NATURE, AND SUPPORTED TAX-EXEMPT ORGANIZATIONS WHICH WORK TO IMPROVE EDUCATIONAL, VOCATIONAL, CIVIC, ARTISTIC AND CULTURAL OPPORTUNITIES FOR MISSISSIPPI RESIDENTS.

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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 $471,258
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $471,258

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,517
Other Expenses $98,959
TOTAL EXPENSES $99,459

Year-over-Year Comparison

2024 2023 Change
Revenue $471,258 $78,000 +5.0%
Expenses $99,459 $87,933 +0.1%
Net Income $371,799 $-9,933 -38.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
4
$6,175
Total Directors
3
$6,175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA HEDERMAN VICE PRESIDENT 1.00
Officer Director
$6,175 $0 $6,175
MARY CATHERINE BLACKWELL SECRETARY 1.00
Officer Director
$0 $0 $0
KRISTIN MCDEVITT END 33125 TREASURER 8.00
Officer Director
$0 $0 $0
DAVID WRIGHT EXECUTIVE DIRECTOR 1.00
Officer
$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
2025 $471,258 $99,459 $372,637 $371,799
2024 $78,000 $87,933 $838 $-9,933
2023 $59,500 $96,499 $10,771 $-36,999
2022 $56,500 $82,247 $47,770 $-25,747
2021 $285,191 $211,674 $73,517 $73,517
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