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Mississippi Associated Builders

Not tax-deductible

Jackson, MS501(c)(6)EIN 64-0415733Revenue $2.0M in FY2024

On file with the IRSmsabc.netPo Box 16522, 39236-6522 · Jackson, MSTax-exempt since Dec 1964

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Construction trade association

Run by 25 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $43K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$241K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.4M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-3% vs prior year
Spent
$2.1M
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$2.0M
FY2023$2.1M
FY2024$2.0M
Expenses
$2.1M
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$2.0M
FY2023$2.2M
FY2024$2.1M
Net assets
$1.8M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$1.7M
FY2023$1.8M
FY2024$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

24 people listed on the 990; $241K paid to officers and key staff.

Part VII, Section A · reportable compensation
$241,000Pt VII · Sec A
Brad Hawkins
Director
$0Pt VII · Sec A
Christee Holbrook
Safety Chair
$0Pt VII · Sec A
Jennie Simmons
Investment Chair
$0Pt VII · Sec A
Jim McNeer
Chairman Elect
$0Pt VII · Sec A
Joel Moore
Director
$0Pt VII · Sec A
Larry May
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Perry L Nations JR$241,000$230,000$213,853$198,853$182,203

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mississippi Associated Builders executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Publishes a weekly construction-oriented publication for Mississippi contractors.

Questions for Mississippi Associated Builders

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Education department-seminars and training courses to enhance the construction industry

Pt IX · col B
02

Conventions and meetings-trade meetings enhancing the construction industry

Pt IX · col B
03

MS contractors publication-weekly construction-oriented publication

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$752K
Other incomeLn 4–11$173K
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$752K
Investment incomeLn 3$72K
Other incomeLn 4–11$173K
Gains on assetsLn 7$25K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.4M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 59
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.0M$2.0M
Land, buildings, equipmentLn 10c$2.1M$2.2M
Total assetsLn 16$4.2M$4.2M
LiabilitiesLn 26$2.4M$2.4M
Net assetsLn 32$1.8M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K
Pay of current officers, directors and key staffLn 5$240K
Other salaries and wagesLn 7$355K
Pension plan contributionsLn 8$34K
Other employee benefitsLn 9$78K
Payroll taxesLn 10$42K
Accounting feesLn 11c$8K
Investment management feesLn 11f$12K
Advertising and promotionLn 12$64K
Office expensesLn 13$8K
OccupancyLn 16$173K
TravelLn 17$40K
Conferences, conventions and meetingsLn 19$512K
InterestLn 20$2K
Payments to affiliatesLn 21$272K
Depreciation, depletion and amortizationLn 22$111K
InsuranceLn 23$22K
Other expenses (24a–d)Ln 24$64K
All other expensesLn 24e$14K
Total functional expensesLn 25$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$2.1M−$23K$1.8M 990 PDF
FY2023 $2.1M$2.2M−$69K$1.8M 990 PDF
FY2022 $2.0M$2.0M−$23K$1.7M 990 PDF
FY2021 $2.1M$1.9M$217K$1.9M 990 PDF
FY2020 $1.9M$1.8M$114K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,030,126 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,032,979$1,033,605
I-9 Program service revenuePrior year $912,081$751,911
I-10 Investment incomePrior year $25,760$71,904
I-11 Other revenuePrior year $112,899$172,706
I-12 Total revenuePrior year $2,083,719$2,030,126
I-13 Grants and similar amounts paidPrior year $4,476$3,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $808,336$748,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,339,458$1,301,869
I-18 Total expensesPrior year $2,152,270$2,053,346
I-19 Revenue less expensesPrior year −$68,551−$23,220
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,030,126 across 9 lines filed
Lines not itemized here account for $6,220 of total revenue; see the IRS return.
VIII-1b Membership dues$1,033,605
VIII-1h Total contributions, gifts and grants$1,033,605
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $505,744 · Excluded from tax $239,947$745,691
VIII-3 Investment incomeExcluded from tax $46,506$46,506
VIII-6 Net rental income or lossRelated to mission $86,635$86,635
VIII-7 Net gain or loss on sales of assetsExcluded from tax $25,398$25,398
VIII-8 Net income from fundraising eventsExcluded from tax $49,914$49,914
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $33,997 · Unrelated business $2,160$36,157
VIII-12 Total revenueRelated to mission $626,376 · Unrelated business $8,380 · Excluded from tax $361,765$2,030,126
Part IX · Statement of functional expenses $2,053,346 across 19 lines filed
IX-2 Grants to domestic individuals$3,000
IX-5 Pay of current officers, directors and key staff$239,853
IX-7 Other salaries and wages$355,387
IX-8 Pension plan contributions$33,991
IX-9 Other employee benefits$77,508
IX-10 Payroll taxes$41,738
IX-11c Accounting fees$8,500
IX-11f Investment management fees$11,625
IX-12 Advertising and promotion$63,660
IX-13 Office expenses$8,422
IX-16 Occupancy$172,994
IX-17 Travel$39,887
IX-19 Conferences, conventions and meetings$512,233
IX-20 Interest$2,002
IX-21 Payments to affiliates$271,676
IX-22 Depreciation, depletion and amortization$110,537
IX-23 Insurance$22,320
IX-24 Other expenses (24a–d)$64,442
IX-24e All other expenses$13,571
IX-25 Total functional expenses$2,053,346
Part X · Balance sheet $4,176,858 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,993,020$1,953,698
X-4 Accounts receivableStart of year $83,180$47,620
X-9 Prepaid expenses and deferred chargesStart of year $5,665$13,274
X-10c Land, buildings and equipment, netStart of year $2,119,546$2,162,266
X-16 Total assetsStart of year $4,201,411$4,176,858
X-17 Accounts payable and accrued expensesStart of year $272,837$175,218
X-19 Deferred revenueStart of year $852,986$910,927
X-25 Other liabilitiesStart of year $84,589$111,030
X-26 Total liabilitiesStart of year $2,416,104$2,359,419
X-27 Net assets without donor restrictionsStart of year $1,357,692$1,389,824
X-28 Net assets with donor restrictionsStart of year $427,615$427,615
X-32 Total net assets or fund balancesStart of year $1,785,307$1,817,439
X-33 Total liabilities and net assetsStart of year $4,201,411$4,176,858
Part XI · Reconciliation of net assets $1,817,439 net assets at year end
XI-1 Total revenue$2,030,126
XI-2 Total expenses$2,053,346
XI-3 Revenue less expenses−$23,220
XI-4 Net assets at start of year$1,785,307
XI-5 Net unrealized gains (losses) on investments$55,352
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,817,439

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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