Mississippi Independent Package Stores Association
Nonprofit profile at a glance
- EIN
- 852644864
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Hattiesburg, MS, USA
- Phone
- 6012683677
- Rating confidence
- Limited
- Sector
- Business and Industry
Reported finances
- Revenue
- $65,832
- Expenses
- $89,950
- Assets
- $4,089
- Liabilities
- $15,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JAMIE FARRIS (PRESIDENT)
- TASHO KATSABOULAS (EXECUTIVE DIRECTOR)
People named in this filing
- DIXIE GUY (DIRECTOR)
- NANCY BASS (DIRECTOR)
- MELINDA GILMER (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is an association of persons having a common business interest of advancing Mississippi's independent package stores, whose purpose is to promote independent package stores and to improve business conditions for independent package stores in Mississippi. The corporation's activities are directed to the improvement of business conditions of independent package stores in Mississippi, within the meaning of section 501(c)(6) of the internal revenue code of 1986.
What it reported doing in 2024
Over the past year, the Mississippi independent package stores association (mipsa) has worked to address your concerns with existing alcoholic beverage control warehouse operations, research potential solutions, and advance a plan for the future. Mipsa's board has worked with the Mississippi department of revenue, ms abc, chief technology officers for other control states and private distributors, and leaders of similar trade groups in other states. After careful consideration of the methods being employed in other states, mipsa worked closely with the state to craft a unique plan utilizing the best elements from the most successful operations. Mipsa's strategy gained broad support from other associations representing brokers, restaurants, and casinos. The result of mipsa's hard work is a new 65+ million dollar state-of-the-art abc warehouse where the state remains obligated to ensure even pricing for all retailers while output is maximized with private technology, private equipment, and private labor! To clarify the magnitude of this design, this marriage of public legal control with private labor and technology has never been done in this way. Mipsa is indebted to its members for their support that resulted in this unprecedented accomplishment.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 17
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -36.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 3.67; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -21.1% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -17.3% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.