Biloxi First INC FY2020 filing

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To improve the city of biloxi's educational programs

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0791608) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $16K a year · 13% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
22.1 mo
of spending, in cash
Plus $890K in investments, Pt X · Ln 11–13
22.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$116K
Spent
$135K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$116K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$116K
FY2021$100K
FY2022$86K
FY2023$141K
FY2024$160K
Expenses
$135K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$135K
FY2021$95K
FY2022$78K
FY2023$67K
FY2024$148K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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.

Program services 100% · $135K

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

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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3 programs · $135K · in their own filed words · FY2020
01

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

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0791608) · Dispute this line
$104Kprogram expense
02

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

Form 990 Part III, line 4, FY2020. 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0791608) · Dispute this line
$8Kprogram 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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Gifts and grantsLn 1h$48K
Other incomeLn 4–11$38K
Investment incomeLn 3$30K
Money outPt IX
$135K
Ln 25
Programscol B$135K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Investment incomeLn 3$30K
Other incomeLn 4–11$38K
Gains on assetsLn 7$17K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$215K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$250K
InvestmentsLn 11–13$890K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
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
LineFY20FY19FY18FY17FY16
End of yearLn 1g$904K$889K$889K$885K$804K
AddedLn 1b$50K$30K
SpentLn 1d–1f$9K$7K$5K$5K$5K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$222K$250K
InvestmentsLn 11–13$937K$890K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$5K$5K
InsuranceLn 23$561$561
Other expenses (24a–d)Ln 24$129K$129K
All other expensesLn 24e$106$106
Total functional expensesLn 25$135K$135K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $115,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,021$47,689
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $33,446$47,528
I-11 Other revenuePrior year $29,017$20,570
I-12 Total revenuePrior year $95,484$115,787
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 $91,760$135,295
I-18 Total expensesPrior year $91,760$135,295
I-19 Revenue less expensesPrior year $3,724−$19,508
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $115,787 across 7 lines filed
VIII-1b Membership dues$5,550
VIII-1f All other contributions, gifts and grants$42,139
VIII-1h Total contributions, gifts and grants$47,689
VIII-3 Investment incomeRelated to mission $30,061$30,061
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,467$17,467
VIII-8 Net income from fundraising eventsExcluded from tax $20,570$20,570
VIII-12 Total revenueRelated to mission $30,061 · Unrelated business $0 · Excluded from tax $38,037$115,787
Part IX · Statement of functional expenses $135,295 across 4 lines filed
IX-13 Office expensesPrograms $5,356$5,356
IX-23 InsurancePrograms $561$561
IX-24 Other expenses (24a–d)Programs $129,272$129,272
IX-24e All other expensesPrograms $106$106
IX-25 Total functional expensesPrograms $135,295 · Management $0 · Fundraising $0$135,295
Part X · Balance sheet $1,140,097 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $203,396$214,664
X-2 Savings and temporary cash investmentsStart of year $18,876$34,997
X-12 Other securitiesStart of year $937,333$890,436
X-16 Total assetsStart of year $1,159,605$1,140,097
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 $1,159,605$1,140,097
X-32 Total net assets or fund balancesStart of year $1,159,605$1,140,097
X-33 Total liabilities and net assetsStart of year $1,159,605$1,140,097
Part XI · Reconciliation of net assets $1,140,097 net assets at year end
XI-1 Total revenue$115,787
XI-2 Total expenses$135,295
XI-3 Revenue less expenses−$19,508
XI-4 Net assets at start of year$1,159,605
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,140,097

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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