Mississippi Gulf Coast Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 640761350
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Gulfport, MS, USA
- Phone
- 2286040014
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,178,390
- Expenses
- $1,258,850
- Assets
- $2,189,885
- Liabilities
- $95,800
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- ERIC CHAMBLESS (PRESIDENT)
- JAKAVIOUS PICKETT (PRESIDENT ELECT)
- AMBER OLSEN (PAST PRESIDENT)
- ADELE LYONS (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ADELE LYONS (CHIEF EXECUTIVE OFFICER): $116,888 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mississippi gulf coast chamber of commerce, inc., a Mississippi non-profit corporation (the "chamber") connects, informs, advocates and develops. The chamber is a membership organization that fosters leadership and the advancement of the community vision and interests of its members and strives to improve the business climate through facilitating, advocating, and providing information on behalf of the region. The chamber shall observe all local, state and federal laws which apply to non-profit organizations as defined in section 501 (c)(6) of the internal revenue code.
What it reported doing in 2024
The organization has a program designed to develop leaders along the Mississippi gulf coast by connecting its network of diverse and dynamic young professionals throughout the region. The program offers developmental opportunities that include implementing programs, community service projects, and special events that are valuable tot the growth and development of young professionals from all industries.
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 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.9%; rating input score 86
- Program expense ratio: 79.7%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.8%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 85.9% of revenue deployed · 79.7% of spending went to programs
- Governance: 25 of 25 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1M in reported program spending
- Leadership: top reported pay $117K · 31 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.