Mississippi Tax Institute Inc in Ridgeland, Mississippi (MS)
Table of contents:
| Mississippi Tax Institute Inc | |
| Employer Identification Number (EIN) | 237413683 |
| Name of Organization | Mississippi Tax Institute Inc |
| Address | 306 Southhampton Row, Ridgeland, MS 39157-2042 |
| Activities | Discussion groups, forums, panels lectures, etc. |
| Subsection | Educational Organization |
| Ruling Date | 10/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $68,135 |
| Amount of Income | $21,742 |
| Form 990 Revenue Amount | $21,742 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Public Finance, Taxation, Monetary Policy |
Non-representatives - add comments:
Amount of income in 2014: $21,742 (it was $20,580 in 2013)
| This organization: | $21,742 |
| Other organizations performing similar types of work: | $105,900 |
Assets in 2014: $68,135 (it was $64,932 in 2013)
| Mississippi Tax Institute Inc: | $68,135 |
| Other organizations performing similar types of work: | $123,938 |
Expenses in 2013: $16,249
| This organization: | $16,249 |
| Other organizations performing similar types of work: | $75,393 |
Income to expenses ratio in 2013: 1.3
| Mississippi Tax Institute Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 99.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $41,122 | $20,580 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 |
| Program service revenue including government fees and contracts | $40,897 | $20,525 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $225 | $55 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $38,268 | $16,249 |
| Total net assets | $60,601 | $64,932 |
| Excess/Deficit for the year | $2,854 | $4,331 |
| Net assets or fund balances at beginning of year | $57,747 | $60,601 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $60,601 | $64,932 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $61,911 | $64,932 |
| Total liabilities | $1,310 | $0 |
| Net assets or fund balances | $60,601 | $64,932 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $196,112 |
| Subtotal | $196,112 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $196,112 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $199,408 |
| Public support | $196,112 |
| Subtotal | $3,296 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,296 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Federal Tax Institute Of New England Inc | 200 Berkley St, Boston, MA 02116-5022 | MA | 1951-11 | $9 |
| 2 | Committee For A Responsible Federal Budget | 1899 L Street Nw Suite 400, Washington, DC 20036 | DC | 1982-05 | $7,086,781 |
| 3 | International Tax & Investment Center | Center, Washington, DC 20006 | DC | 1994-03 | $6,709,430 |
| 4 | Fiscal Policy Institute | 1 Lear Jet Ln, Latham, NY 12110-2313 | NY | 1992-11 | $784,532 |
| 5 | American Council For Capital Formation Center For Policy Resear | 1001 Connecticut Ave Nw Ste 620, Washington, DC 20036-5590 | DC | 1977-08 | $783,800 |
| 6 | Arise Citizens Policy Project | PO BOX 1188, Montgomery, AL 36101-1188 | AL | 1998-06 | $770,357 |
| 7 | The Bond Market Educational Foundation | 360 Madison Ave Fl 18, New York, NY 10017-7122 | NY | $674,018 | |
| 8 | Howard Jarvis Taxpayers Foundation | 30100 Town Center Dr O314, Laguna Niguel, CA 92677-2064 | CA | 1979-10 | $538,732 |
| 9 | National Tax Limitation Foundation | 1700 Eureka Rd Ste 150a, Roseville, CA 95661-7777 | CA | 1980-06 | $308,631 |
| 10 | Wall Street Tax Association Inc | C/Ooconnor Davies Llp 665 Fifth, New York, NY 10022 | NY | 1975-04 | $105,900 |
| 11 | The Senior Center For Health And Security | 1616 H St Nw Ste 902, Washington, DC 20006-4903 | DC | 1995-05 | $81,000 |
| 12 | Committee On Justice In The 21st Century | 1307 50th St, West Des Moines, IA 50266 | IA | 1979-08 | $27,707 |
| 13 | Womens Heart Foundation | PO BOX 7827, West Trenton, NJ 08628-0827 | NJ | 1992-10 | $26,449 |
| 14 | Mississippi Tax Institute Inc | 306 Southhampton Row, Ridgeland, MS 39157-2042 | MS | 1974-10 | $21,742 |
| 15 | Alaska Common Ground Inc | Po Box 241672, Anchorage, AK 99524-1672 | AK | 1995-03 | $0 |
| 16 | Americans For Radio Diversity | PO BOX 5175, Hopkins, MN 55343-1175 | MN | 1998-11 | $0 |
| 17 | Denver Capital Leasing Corporation | 1200 Seventeenth St Ste 1500, Denver, CO 80202-5835 | CO | 1996-10 | $0 |
| 18 | Indian Action Club | 1101 E 98th St N, Sperry, OK 74073-4105 | OK | 1996-08 | $0 |
| 19 | Tax Payers For Accountable Government | 64 Starmount Dr, Asheville, NC 28806-3726 | NC | 1997-12 | $0 |
| 20 | Whistle-Blowers Inc | PO BOX 75600, Washington, DC 20013-0600 | DC | 1996-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||
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| Total | 25 | ||||||||||||||||||||||||||||||||
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