Mississippi Economic Resource Trust in New Orleans, Louisiana (LA)

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Mississippi Economic Resource Trust
Employer Identification Number (EIN)646193927
Name of OrganizationMississippi Economic Resource Trust
In Care of NameHancock Bank Ttee
Address228 Saint Charles Ave 2nd Flo, New Orleans, LA 70130-2601
ActivitiesAttracting new industry or retaining industry in an area
SubsectionBoard of Trade
Ruling Date03/1997
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,315,305
Amount of Income$2,457,568
Form 990 Revenue Amount$335,208
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2012: $2,457,568 (it was $3,469,314 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $4,315,305 (it was $4,310,090 in 2010)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2010

Functional expenses for 2010

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$434,034
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$119,859
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$314,175
Gross amount from sales of assets other than inventory (Securities / Other)$3,349,455 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,035,280 / $0
Gain or (loss) (Securities / Other)$314,175 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2010)
Total functional expenses$292,864
Compensation of current officers, directors, trustees, and key employees$21,886
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2010)
Total assets$4,310,090
Total liabilities$0
Total net assets or fund balances$4,310,090
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Dedman Foundation5956 Sherry Ln Ste 1800, Dallas, TX 75225-8029TX1996-10$45,558,249
2Laura Berry Campbell Trust Ua Fbo Berry College 04-15-25, Berry College 041525PO BOX 1908, Orlando, FL 32802-1908FL1997-02$39,001,422
3Hrsa-Ila Welfare Fund, Association Welfare Fund1355 International Terminal Blvd, Norfolk, VA 23505-1460VA1950-09$540
4William H Donner Foundation Inc60 E 42nd St, New York, NY 10165-0006NY1963-08$45,186,100
5Meridian InstitutePO BOX 1829, Dillon, CO 80435-1829CO1998-04$15,135,911
6Lexmedical IncPO BOX 1817, Lexington, NC 27293-1817NC1998-03$14,120,752
7John L Brandegee TrustPO BOX 185, Pittsburgh, PA 15230-0185PA1996-04$11,207,708
8Rochester Friendly Senior Services3156 East Ave, Rochester, NY 14618-3428NY1998-02$9,532,705
9Mental Health Centers & Clinics Of Tennessee, Lifecare Family Services145 Thompson Ln, Nashville, TN 37211-2411TN1998-04$7,956,544
10Grimshaw Gudewicz Charitable Foundation, Shabshelowitz Harold Etal Ttees263 Walnut St, Fall River, MA 02720-2426MA1995-07$6,743,590
11John T Opie Charitable Trust No 1, Ross David P AdminPO BOX 831041, Dallas, TX 75283-1041TX1997-10$6,608,256
12Chesapeake-Potomac Home Health Agency Inc7627 Leonardtown Rd, Hughesville, MD 20637-3005MD1997-05$5,248,843
13Edward J & Virginia M Routhier Foundation10 Tripps Ln, Riverside, RI 02915-3014RI1995-08$5,162,839
14Maurice Sendak Foundation Inc200 Chestnut Hill Rd, Ridgefield, CT 06877-1200CT1995-08$4,473,645
15Patricia Kind Family Foundation, Patricia Kind Ttee12th Floor Packard Bldg, Philadelphia, PA 19102PA1996-10$3,340,835
16Mississippi Economic Resource Trust228 Saint Charles Ave 2nd Flo, New Orleans, LA 70130-2601LA1997-03$2,457,568
17Jess Merkle Foundation7717 Creswell Rd Lot 18, Shreveport, LA 71106-6031LA1997-04$1,007,325
18Positive Forces Counseling Network Inc511 Bres Ave, Monroe, LA 71201-5915LA1998-03$498,574
19Acorn Adoption Inc1 Sanctuary Boulevard, Mandeville, LA 70471-3305LA1997-09$256,670
20New Orleans Town Gardners1117 State St, New Orleans, LA 70118-5950LA1998-03$21,440
Number of organizations performing similar types of work
District of Columbia7
North Carolina12
New Hampshire2
New Jersey13
New York30
Rhode Island3
South Carolina4

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