Mississippi Main Street Association Inc

What it reported doing in 2024

Community development: during the 2024-2025 fiscal year, the Mississippi main street association (mmsa) provided community services to assist the 80+ member programs throughout the state including 48 designated member programs, five network programs, and 32 associate members across the state. Community services consist of in-person visits, zoom/phone consultations and program services that pertain to the main street approach in downtown revitalization - organization, promotion, design, and economic vitality. These community services include but are not limited to: individual consulting and/or resource teams, work planning, educational trainings, grant management and assistance, design services and training, statewide advocacy endeavors, market analysis, new director and board member training, regular communications and marketing opportunities, festival development and/or evaluation, small event development and/or evaluation, volunteer training, budget development, community development projects, and business recruitment, retention, and expansion assistance, and other services as requested by the local programs.mmsa's core value is being community-focused through offering increased opportunities for technical assistance to communities as well as grant opportunities and funding. Mmsa provides two new director group trainings each calendar year, a network application workshop, advocacy training and legislative day, quarterly training opportunities, and at least one on-site visit per community and other downtown services as requested by the local program directors each year. In addition, mmsa provides an on-site work session, as requested by the local director, for the development of goals, objectives, and guidance with the local program's annual work plan. In the 2024-2025 fiscal year, the mmsa staff visited the 48 designated main street communities and five network members to deliver these program services. Mmsa provided a full training calendar for all mmsa members as well as on-site grant project facilitation in selected communities.staff roles and responsibilities include the executive director serving as the state coordinator for mmsa and leading the organization's administrative, advocacy, and development efforts as well as implementing a strategic plan in coordination with the mmsa board of directors and staff. The director of business and services provides leadership and coordination for the development, administration, and management of grants and other funds for mmsa, including administering federal, state, regional, local, and private sector funding to support mmsa and its member communities. The director of marketing and communication plans and executes mmsa trainings, conferences, and special events as well as coordinating marketing endeavors and providing resources and information to members. The director of community development serves as the liaison between the local member programs and state staff and represents mmsa in a myriad of capacities in the field. The administrative assistant manages member compliance and ongoing office operations. Community services continued through in person meetings and events as well as virtual meetings and webinars, in addition to hundreds of phone calls and email conversations.in august 2024, the designated community application for pass christian was approved by the mmsa board, and pass christian main street was officially designated in january 2025. In the last quarter of 2024, the mmsa board approved four new network members (brandon, bay springs, magee, and olive branch) to the association, and these members were onboarded in january of 2025. Several new associate members to the association were added in the 2024- 2025 fiscal year, including the city of canton/chamber of commerce, como chamber of commerce & main street, town of duck hill, ellisville main street, city of eupora, city of gluckstadt, city of hazlehurst, city of houston, petal area chamber of commerce, town of sco

Financial Efficiency

• Mission deployment rate: 78.1%; rating input score 78
• Program expense ratio: 85.2%; rating input score 85
• Fundraising efficiency: $23.18 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

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: 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: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • 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: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 8.5%; rating input score 58; 58th percentile among comparable filings
• Total-asset coverage ratio: 0.36; rating input score 17; 17th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 9.1%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 13.6% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 14.1% per year; rating input score 100; 77th percentile among comparable filings
• Asset growth: 15.3% per year; rating input score 100; 73rd percentile among comparable filings