Midtown Partners INC EIN 64-0862113

Midtown Partners INC

EIN  64-0862113 Public charity (501(c)(3)) Jackson, MS Founded 1993
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/15/26 · see original filing: IRS
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Size
$1–10M
What they do
Fosters a thriving, healthy, and sustainable community for families.
Leadership
Dr Kristi Hendrix · Executive Director · $147K
Money in and out
$8.1M revenue, $7.8M expenses
Bottom line
+3% surplus margin

Fosters a thriving, healthy, and sustainable community for families. For fiscal year 2025 it reported $8.1M in revenue, $7.8M in expenses, and $6.4M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$8.1M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $265K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Surplus margin
+3%
revenue over expenses, this year▼ -79% vs prior filing year
Revenue trend
+17%
avg. annual growth over 5 years
Donor-funded
83%
of revenue is gifts & grants▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$8.1M
FY2025▲ +5%
Expenses
$7.8M
FY2025▲ +21%
Total assets
$9.4M
FY2025▲ +1%
Total liabilities
$3.0M
FY2025▼ -6%
Total revenue
$8.1M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$6.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$265K
Total assetsPt X · Ln 16$9.4M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $6.1M of program spending, described in the organization's own filed words · FY2023.
01

Educationlittle samaritan montessori center (established in 2003): the early childhood center provides affordable childcare and education for children 0-5 based upon the montessori principles founded by maria montessori.

$5.4Mprogram expense
02

Housing and Economic Developmentneighborhood Planning

In 2023/2024, midtown partners continued to work on implementation of the midtown master plan developed in 2010 and updating progress maps. Affordable housing: midtown partners works to provide and promote quality affordable apartments and homes for sale in the midtown neighborhood.

$356Kprogram expense
03

Neighborhood supportmidtown community kitchen (established in 2000): the community kitchen provides free, nutritious meals for a variety of programs in the midtown area. During the 2023/2024 period, the kitchen provided over 25,000 meals.

$346Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMidtown Partners INC
EINHdr · item D64-0862113
Principal addressHdr · item CJackson, MS
WebsiteHdr · item Jwww.midtownpartners.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20Z)
Ruling yearIRS BMFOct 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2025 filing did not itemize Part VII
Executive Director
$146,798Pt VII · Sec A
Treasurer, CPA, Cva
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Dr Kristi Hendrix’s $147K as Executive Director is at the 71st percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021
Dr Kristi Hendrix$146,798$138,261$139,800$129,599

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.

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Statement of Revenue

Part VIII
Contributions & grants$6.7M · 83%
Other revenue$1.4M · 17%
Contributions & grants83%$6.7M
Other revenue17%$1.4M
Total revenueLn 12$8.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Program services95%$7.4M
Management & general4%$341K
Fundraising$25K
Total functional expensesLn 25$7.8M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$9.4M
Total liabilitiesLn 26$3.0M
Total net assetsLn 32$6.4M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $7.8M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $7.8M
Management & General
Management & general — · Total expenses $7.8M
Fundraising
Fundraising — · Total expenses $7.8M
Cost to raise $1
Fundraising expense (2-yr avg) $59K · Solicited contributions (2-yr avg) $301K
$0.20 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.7M · Total revenue $8.1M
83%
Government reliance
Government grants — · Total revenue $8.1M
Earned-income share
Program service revenue — · Total revenue $8.1M
Investment reliance
Investment income — · Total revenue $8.1M
Program self-sufficiency
Program service revenue — · Total expenses $7.8M
Growth & trend
Revenue growth (YoY)
This year $8.1M · Prior year $7.7M
+5%
Revenue CAGR
FY2020 $4.3M · FY2024 $8.1M
+17%
Net-asset trend (YoY)
End of year $6.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $8.1M · Expenses $7.8M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $9.4M
Net-asset ratio
Net assets $6.4M · Total assets $9.4M
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $7.8M
No individual compensation reported on this filing
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $7.8M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$20K
See all 3 funders →
Grants paid · 8 grants · $247K · 2020–2023
Unitemized GrantFY2023$54,708
Unitemized GrantFY2022$49,822
Nicholas Wallace LLCFY2022$16,500
Unitemized GrantFY2021$38,234
Unitemized GrantFY2020$40,614

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$8.1M revenue · viewing · ⤓ 990 PDF
FY2024$7.7M revenue · ⤓ 990 PDF
FY2023$7.6M revenue · ⤓ 990 PDF
FY2022$5.8M revenue · ⤓ 990 PDF
FY2021$4.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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