As a consortium of local business and community leaders, Great City seeks to work alongside government officials and existing institutions toward long-term economic and community revitalization of mississippi's capital City.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 30 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 3
filings with a surplus
Average surplus $90K a year · 16% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $82K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$362K
-48% vs prior year
Spent
$641K
To programs
88%
Net assets
$355K
By yearFY2021–FY2024
Revenue
$362K
FY2024▼ -48%
Tap a bar for its year
Revenue by fiscal year
FY2021$100K
FY2022$666K
FY2023$696K
FY2024$362K
Expenses
$641K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$317K
FY2023$495K
FY2024$641K
Net assets
$355K
FY2024▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2021$100K
FY2022$449K
FY2023$635K
FY2024$355K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $565K Management & general 11% · $69K Fundraising 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$86,667Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Taylor Nicholas’s $87K as Executive Director is at the 63rd percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2024FY2023FY2022
Taylor Nicholas$86,667$80,000$100,000

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 Great City Ms Foundation 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

Revitalizes Mississippi's capital city through business and community collaboration with government.

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Provided by the organization

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3 programs · $565K · in their own filed words · FY2024
01

Economic & workforce development in the jackson, MS metro area.

$215Kprogram expense
02

Quality of life in the jackson, MS metro area.

$188Kprogram expense
03

Public infrastructure in the jackson, MS metro area.

$162Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$82K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$362K
Ln 12
Gifts and grantsLn 1h$362K
Money outPt IX
$641K
Ln 25
Programscol B$565K
Managementcol C$69K
Fundraisingcol D$7K
Owns and owesPt X
$355K
net assets · Ln 32
Cash and savingsLn 1–2$306K
Total assetsLn 16$381K
LiabilitiesLn 26$26K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$362K
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$306K
Cash and savings togetherLn 1–2$306K
Total assetsLn 16$381K
LiabilitiesLn 26$26K
Net assetsLn 32$355K
OperationsPt I, VI
EmployeesI 52
VolunteersI 630
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$561K$306K
Total assetsLn 16$707K$381K
LiabilitiesLn 26$73K$26K
Net assetsLn 32$635K$355K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K$7K
Pay of current officers, directors and key staffLn 5$89K$72K$13K$4K
Other salaries and wagesLn 7$25K$8K$18K
Payroll taxesLn 10$8K$5K$2K$306
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$186K$178K$8K
Office expensesLn 13$2K$475$1K
Information technologyLn 14$1K$1K$132
OccupancyLn 16$7K$4K$3K$330
TravelLn 17$854$854
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$293K$288K$3K$2K
All other expensesLn 24e$2K$955$884
Total functional expensesLn 25$641K$565K$69K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $362K$641K−$279K$355K 990 PDF
FY2023 $696K$495K$201K$635K 990 PDF
FY2022 $666K$317K$349K$449K 990 PDF
FY2021 $100K$100K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $361,614 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $695,886$361,614
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $695,886$361,614
I-13 Grants and similar amounts paidPrior year $0$6,513
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $104,065$122,471
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $391,155$511,825
I-18 Total expensesPrior year $495,220$640,809
I-19 Revenue less expensesPrior year $200,666−$279,195
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $361,614 across 3 lines filed
VIII-1f All other contributions, gifts and grants$361,614
VIII-1h Total contributions, gifts and grants$361,614
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$361,614
Part IX · Statement of functional expenses $640,809 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $6,513$6,513
IX-5 Pay of current officers, directors and key staffPrograms $71,550 · Management $13,416 · Fundraising $4,472$89,438
IX-7 Other salaries and wagesPrograms $7,500 · Management $17,500$25,000
IX-10 Payroll taxesPrograms $5,470 · Management $2,257 · Fundraising $306$8,033
IX-11c Accounting feesManagement $17,916$17,916
IX-11g Other fees for servicesPrograms $178,294 · Management $8,000$186,294
IX-13 Office expensesPrograms $475 · Management $1,497$1,972
IX-14 Information technologyPrograms $1,188 · Fundraising $132$1,320
IX-16 OccupancyPrograms $3,630 · Management $2,640 · Fundraising $330$6,600
IX-17 TravelPrograms $854$854
IX-23 InsuranceManagement $1,675$1,675
IX-24 Other expenses (24a–d)Programs $288,156 · Management $2,999 · Fundraising $2,200$293,355
IX-24e All other expensesPrograms $955 · Management $884$1,839
IX-25 Total functional expensesPrograms $564,585 · Management $68,784 · Fundraising $7,440$640,809
Part X · Balance sheet $381,400 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $561,486$306,400
X-3 Pledges and grants receivableStart of year $145,886$75,000
X-16 Total assetsStart of year $707,372$381,400
X-17 Accounts payable and accrued expensesStart of year $72,777$26,000
X-26 Total liabilitiesStart of year $72,777$26,000
X-27 Net assets without donor restrictionsStart of year $484,595$355,400
X-28 Net assets with donor restrictionsStart of year $150,000$0
X-32 Total net assets or fund balancesStart of year $634,595$355,400
X-33 Total liabilities and net assetsStart of year $707,372$381,400
Part XI · Reconciliation of net assets $355,400 net assets at year end
XI-1 Total revenue$361,614
XI-2 Total expenses$640,809
XI-3 Revenue less expenses−$279,195
XI-4 Net assets at start of year$634,595
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$355,400

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

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