MISSISSIPPI ECONOMIC RESOURCE TRUST
Data sourced from IRS 990 public filings
MISSISSIPPI ECONOMIC RESOURCE TRUST MISSISSIPPI POWER COMPANY, A MISSISSIPPI CORPORATION, DETERMINED THAT THERE IS A NEED TO ENCOURAGE ECONOMIC GROWTH AND INVESTMENT IN THEIR SERVICE AREA AND WITHIN THE STATE OF MISSISSIPPI.THE PURPOSE OF THIS TRUST IS TO (1) PROVIDE FUNDS TO IMPROVE THE ECONOMIC GROWTH AND DEVELOPMENT OF BUSINESS AND INDUSTRY IN MS THROUGH FUNDING A SEED CAPITAL CORPORATION OR SIMILAR ENTITY.(2) THE TRUST WILL PROVIDE THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE STATE OF MS WITH FUNDS FOR A RESOURCE PRESENTATION CENTER.(3) THE TRUST ENCOURAGES PRIVATE INDUSTRY TO CONTRIBUTE, INVEST, AND PARTICIPATE IN THE ECONOMIC DEVELOPMENT IN THE STATE OF MS IN THE SPIRIT OF THE ECONOMIC DEVELOPMENT REFORM ACT.
Annual Revenue
$505,845
Known Funders
0
Grants Received
0
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $505,845 | $365,358 | $13,075,414 |
| 2023 | $4,228,607 | $437,085 | $12,922,127 |
| 2022 | -$82,278 | $157,711 | $9,156,627 |
| 2021 | $1,712,426 | $52,285 | $9,400,779 |
| 2020 | $464,294 | $57,154 | $7,735,066 |
Top Funders
No funder data available yet for this nonprofit.
Key Personnel
From 2024 IRS 990 filing
HANCOCK WHITNEY BANK
TRUSTEE
Frequently Asked Questions
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