Mississippi Petroleum Marketers & Convenience Stores Association

Nonprofit profile at a glance

EIN
640359472
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Jackson, MS, USA
Phone
6013531624
Rating confidence
Limited

Official website

Reported finances

Revenue
$820,222
Expenses
$810,437
Assets
$2,762,541
Liabilities
$142,688

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

Leadership & pay

30 people listed

Executive titles in this filing

  • BRADLEY MORRIS (IMMEDIATE PAST PRESIDENT)
  • JAKE SUMRALL (PRESIDENT ELECT)
  • KEVIN SAYLE (PRESIDENT)
  • PARKER LIPSCOMB (VICE PRESIDENT)
  • PHILIP CHAMBLEE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PHILIP CHAMBLEE (EXECUTIVE DIRECTOR): $212,205 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 unify petroleum marketers and convenience store operators in order to effectively further their common business interests.

What it reported doing in 2024

The past year has been very successful for the Mississippi petroleum marketers and convenience stores association (mpmcsa). The mpmcsa continues to provide industry related educational opportunities for its members through publications, seminars, expos and other networking opportunities. On a regular basis, the mpmcsa sends legislative bulletins to all its members to keep them advised of changes and the dates new laws or changes go into effect. Our association provided its members guidance on protocols, government rules and regulations regarding new laws and penalties for shoplifting, the resale of electricity to battery-powered electric vehicles and plug-in hybrid electric vehicles, the sales tax regulations regarding cloud-based computer software and hour of service waivers for cdl haz mat drivers due to the shortage of cdl haz mat drivers. We held our annual trade show with our joint partners Louisiana and Alabama. There was a total of 158 exhibitors with 187 booths and a combination of six (6) tractors, bobtails and trailers displayed.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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: 77
  • Accountability: 84
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 89.7%; rating input score 90; 22nd 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.2%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 3.41; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 26 of 29 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $212K · 30 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • 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.

  • Moderate — Sustainability: Operating margin scored 40/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.