Biloxi First INC: Nonprofit Profile, Financials & Form 990 (EIN 64-0791608)

Revenue by fiscal year
FY2020	$116K
FY2021	$100K
FY2022	$86K
FY2023	$141K
FY2024	$160K

Expenses by fiscal year
FY2020	$135K
FY2021	$95K
FY2022	$78K
FY2023	$67K
FY2024	$148K

Net assets by fiscal year
FY2020	$1.1M
FY2021	$1.1M
FY2022	$1.2M
FY2023	$1.2M
FY2024	$1.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1994.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $148K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation

Ann Denison

Treasurer

$0Pt VII · Sec A

Kande Degrasse-Steele

Secretary

$0Pt VII · Sec A

Jeff Bankston

Director

$0Pt VII · Sec A

Henry Dick

Director

$0Pt VII · Sec A

Larry Drawdy

Director

$0Pt VII · Sec A

Paul a Tisdale

Director

$0Pt VII · Sec A

Bill Briscoe

President

$0Pt VII · Sec A

Susan Hunt

Director

$0Pt VII · Sec A

See Biloxi First INC executive salaries →

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 15aNo

Programs and updates

Improves Biloxi's educational programs.

Questions for Biloxi First INC

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3 programs · $148K · in their own filed words · FY2024

01

Endowment to the gulf coast community foundation for use in the "named grant program"

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0791608) · Dispute this line

$114Kprogram expense

02

150TH celebration fund is used for teacher recruitment and retention at the biloxi school district

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0791608) · Dispute this line

$22Kprogram expense

03

Excel by 5 is a community-based certification program designed to improve a child's overall well-being by age five.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0791608) · Dispute this line

$11Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Mississippi Power Foundation INCFY2023$5K

Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$160K

Ln 12

Gifts and grantsLn 1h$58K

Other incomeLn 4–11$54K

Investment incomeLn 3$47K

Money outPt IX

$148K

Ln 25

Programscol B$148K

Owns and owesPt X

$1.2M

net assets · Ln 32

Cash and savingsLn 1–2$307K

Total assetsLn 16$1.2M

LiabilitiesLn 26$0

PeoplePt VI, VII

20

listed · VII A

PaidVII A0

Voting boardVI 1a20

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$58K

Investment incomeLn 3$47K

Other incomeLn 4–11$54K

Gains on assetsLn 7$41K

Total revenueLn 12$160K

Assets in detailPt X, end of year

CashLn 1$132K

SavingsLn 2$174K

Cash and savings togetherLn 1–2$307K

InvestmentsLn 11–13$931K

Total assetsLn 16$1.2M

LiabilitiesLn 26$0

Net assetsLn 32$1.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

EndowmentSch D · Pt V

Line	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$987K	$943K	$925K	$920K	$904K
SpentLn 1d–1f	$11K	$9K	$9K	$9K	$9K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$309K	$307K
InvestmentsLn 11–13	$916K	$931K
Total assetsLn 16	$1.2M	$1.2M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.2M	$1.2M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$6K	$6K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$137K	$137K
All other expensesLn 24e	$2K	$2K
Total functional expensesLn 25	$148K	$148K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Aug 29, 2025	$160K	$148K	$12K	$1.2M	990 PDF
FY2023Filed with the IRS Nov 14, 2024	$141K	$67K	$73K	$1.2M	990 PDF
FY2022Filed with the IRS Nov 14, 2023	$86K	$78K	$8K	$1.2M	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$100K	$95K	$4K	$1.1M	990 PDF
FY2020Filed with the IRS Feb 7, 2022	$116K	$135K	−$20K	$1.1M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $159,803 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $68,746$58,171

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $52,559$87,817

I-11 Other revenuePrior year $19,497$13,815

I-12 Total revenuePrior year $140,802$159,803

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $67,395$147,728

I-18 Total expensesPrior year $67,395$147,728

I-19 Revenue less expensesPrior year $73,407$12,075

Part VI · Governance 20 of 20 board members independent, 4 to look at

VI-1a Voting members of the governing body20

VI-1b Independent voting members20

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $159,803 across 7 lines filed

VIII-1b Membership dues$18,975

VIII-1f All other contributions, gifts and grants$39,196

VIII-1h Total contributions, gifts and grants$58,171

VIII-3 Investment incomeRelated to mission $47,232$47,232

VIII-7 Net gain or loss on sales of assetsExcluded from tax $40,585$40,585

VIII-8 Net income from fundraising eventsExcluded from tax $13,815$13,815

VIII-12 Total revenueRelated to mission $47,232 · Unrelated business $0 · Excluded from tax $54,400$159,803

Part IX · Statement of functional expenses $147,728 across 4 lines filed

IX-13 Office expensesPrograms $6,432$6,432

IX-23 InsurancePrograms $1,977$1,977

IX-24 Other expenses (24a–d)Programs $136,921$136,921

IX-24e All other expensesPrograms $2,398$2,398

IX-25 Total functional expensesPrograms $147,728 · Management $0 · Fundraising $0$147,728

Part X · Balance sheet $1,237,645 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $128,680$132,382

X-2 Savings and temporary cash investmentsStart of year $180,587$174,135

X-12 Other securitiesStart of year $916,303$931,128

X-16 Total assetsStart of year $1,225,570$1,237,645

X-26 Total liabilitiesStart of year $0$0

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $1,225,570$1,237,645

X-32 Total net assets or fund balancesStart of year $1,225,570$1,237,645

X-33 Total liabilities and net assetsStart of year $1,225,570$1,237,645

Part XI · Reconciliation of net assets $1,237,645 net assets at year end

XI-1 Total revenue$159,803

XI-2 Total expenses$147,728

XI-3 Revenue less expenses$12,075

XI-4 Net assets at start of year$1,225,570

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,237,645

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

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Biloxi First INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Biloxi First INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV