Main Street Pascagoula

Nonprofit profile at a glance

EIN
465008021
IRS 990 coverage
2019–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Pascagoula, Mississippi, US
Phone
(228) 217-7214
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$305,406
Expenses
$214,981
Assets
$514,625
Liabilities
$1,838

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

Leadership & pay

13 people listed

Executive titles in this filing

  • KATRINA SCOTT (PRESIDENT /)

Highest reported compensation

  • SUSANNAH NORTHROP (EXECUTIVE DI): $65,625 total reported compensation

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

Overview

Mission

To enhance the vitality of our downtown area and foster a vibrant and engaged community through preservation-based economic development.

What it reported doing in 2024

A. Promotions: pmsa shall promote and sponsor discussion groups and shall educate and inform citizens and members on topics of common interest and concern to the district. Pmsa shall maintain information regarding revitalization in the district. Pmsa will sponsor cultural, employment and commercial revitalization of the district. Pmsa will provide a forum for members to share knowledge, common experiences and problems. Pmsa shall publish community information regarding its activities and other data relevant to the revitalization of the district. Such publications may include the following: 1) planning studies, such as the resource team report 2) an organization brochure 3) tourist and visitor information brochures, maps, and guides 4) special event flyers, pamphlets, posters, or brochures 5) the pmsa quarterly newsletter b. Organization: pmsa will organize and promote constructive relationships between local government bodies and private business and citizens. Pmsa will coordinate as appropriate with the city of pascagoula zoning and other regulatory activity affecting the district. Pmsa will support other charitable and educational organizations whose primary interest is to preserve and develop the beauty and economic stability of pascagoula, especially within the district. Pmsa will promote the concerns of the district at the city, county and special district level. C. Economic restructuring: pmsa will help to diversify the community by recruiting new stores to balance the retail mix; aiding potential business owners in finding retail space, and by aiding in the acquiring of adequate financing. D. Design: pmsa will assist in planning and coordinating the design of improvements in or adjacent to the district. Pmsa will aid in providing design services for buildings and signage. Pmsa will provide information on painting, construction, historic renovation, and preservation. Pmsa will promote and assist in city beautification projects. Pmsa will participate in the planning and development of public interest projects in the district and areas adjacent to the district. Pmsa will promote effective redevelopment efforts and assist in planning for the revitalization of the district. Pmsa shall, whenever possible, recommend appropriate uses and design standards for district development.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 69
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.4%; rating input score 70
  • Program expense ratio: 100%; rating input score 100
  • 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: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 29.6%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 2.39; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 30.5%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 0.2% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 27.5% per year; rating input score 100; 90th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 70.4% of revenue deployed · 100% of spending went to programs
  • Governance: 13 of 13 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $215K in reported program spending
  • Leadership: top reported pay $66K · 13 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.