Mississippi Association Of Colleges Inc, Mississippi Association Of Colleges And Universities in Jackson, Mississippi (MS)

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Mississippi Association Of Colleges Inc, Mississippi Association Of Colleges And Universities
Employer Identification Number (EIN)640733435
Name of OrganizationMississippi Association Of Colleges Inc
Secondary NameMississippi Association Of Colleges And Universities
In Care of NameDr Jim Borsig
Address3825 Ridgewood Road, Jackson, MS 39211
ActivitiesFaculty group
SubsectionEducational Organization
Ruling Date11/1989
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$29,034
Amount of Income$30,034
Form 990 Revenue Amount$30,034


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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$30,034$33,746
Contributions, gifts, grants, and similar amounts received$23,000$27,000
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$5,410$5,120
Investment income$1,566$1,626
Gain/Loss from sale of assets other than inventory$0$0
Gross amount from sale of assets other than inventory$0$20,000
Less: cost or other basis and sales expenses$0$20,000
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$58$0
Total expenses$28,222$30,451
Total net assets$29,034$32,329
Excess/Deficit for the year$1,812$3,295
Net assets or fund balances at beginning of year$27,222$29,034
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$32,329
Balance Sheets
20122013
Total assets$29,034$32,329
Total liabilities$0$0
Net assets or fund balances$29,034$32,329
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$85,128
Subtotal Support$145,421
Gifts, grants, contributions, and membership fees received$145,421
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$60,293
Total Support$153,557
Public Support$145,421
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$8,136
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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