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)
OrganizationTrust
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: 

 $2,457,568
Other organizations performing similar types of work: 

 $157,400

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

 $4,315,305
Other organizations performing similar types of work: 

 $214,586

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
Royalties$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
Other$270,978
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
Alabama6
Arizona5
California10
Colorado4
Connecticut5
District of Columbia7
Delaware1
Florida31
Georgia14
Iowa1
Illinois9
Indiana4
Kansas1
Kentucky3
Louisiana9
Massachusetts12
Maryland21
Michigan7
Minnesota2
Mississippi2
North Carolina12
New Hampshire2
New Jersey13
New York30
Ohio8
Pennsylvania15
Rhode Island3
South Carolina4
Tennessee7
Texas11
Utah1
Virginia14
Vermont1
Washington1
Wisconsin4
Wyoming1
International1
Total282

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