Kces Public Benefit Corporation

Nonprofit profile at a glance

EIN
921186970
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Dekalb, MS, USA
Phone
6017432657
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$139,466
Expenses
$0
Assets
$20,244,518
Liabilities
$13,606,820

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KAMEKO HOLLIDAY (PRESIDENT)

People named in this filing

  • KAMEKO HOLLIDAY (PRESIDENT)
  • JAMES GRANGER (VICE PRESIDE)
  • JERI CAWTHORN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of kces public benefit corporation is to exercise the following powers: (a) engage, or otherwise participate, in financing activities which will further the education mission of the kemper county school district in connection with the (i) acquisition of a leasehold interest in certain real property located at 174 willow avenue, de kalb, Mississippi 39328 (the "land"), (ii) construction and development of a new elementary school located on the land (the "improvements- and, together with the land, the "property"), and (iii) leasing of the property to the school district for operation (collectively, (i) through (iii) are referred to herein as, the "nmtc project"); (b) engage in borrowing, and related dealings, in connection with the nmtc project; (c) purchase, lease or otherwise acquire ownership or the right to use certain property for the nmtc project; and (d) participate as a "qualified active low-income community business" (as such term is defined in section 45d of the cod

What it reported doing in 2024

(a) engage, or otherwise participate, in financing activities which will further the education mission of the school district in connection with the (i) acquisition of a leasehold interest in certain real property located at 174 willow avenue, de kalb, Mississippi 39328 (the "land"), (ii) construction and development of a new elementary school located on the land (the "improvements- and, together with the land, the "property"), and (iii) leasing of the property to the school district for operation (collectively, (i) through (iii) are referred to herein as, the "nmtc project"); (b) engage in borrowing, and related dealings, in connection with the nmtc project; (c) purchase, lease or otherwise acquire ownership or the right to use certain property for the nmtc project; and (d) participate as a "qualified active low-income community business" (as such term is defined in section 45d of the code) and serve as a borrower in a financing in accordance with the nmtc requirements (as defined in section 4 of this article xvi).

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 1
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.67; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -191.6% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Growth: Revenue growth scored 0/100.