2025-04-22T16:21:12-05:00 2024-06-30 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2023-07-01 640758649 MISSISSIPPI MAIN STREET ASSOCIATION INC MISS 6013392042 P O BOX 55747 JACKSON MS 39296 JAMES MILLER EXECUTIVE DIRECTOR 6013392042 2025-04-22 1 1 CHARLES R LINDSAY CPA P00294610 6018988875 2025-04-22 2023 2025-03-06 01:10:19Z JAMES MILLER P O BOX 55747 JACKSON MS 39296 1134634 0 X WWW.MSMAINSTREET.COM X 1987 MS THE MISSION IS TO PRESERVE AND REVITALIZE MISSISSIPPI'S HISTORIC DOWNTOWNS AND DISTRICTS. 20 20 5 20 0 0 864509 1075826 35861 39261 700 7479 15163 12068 916233 1134634 0 0 0 0 385546 396719 0 0 122186 594296 768111 979842 1164830 -63609 -30196 328380 298493 27500 27809 300880 270684 X THE MISSION OF THE MISSISSIPPI MAIN STREET ASSOCIATION IS TO BE A CATALYST FOR THE PRESERVATION AND ECONOMIC REVITALIZATION OF MISSISSIPPI'S HISTORIC DOWNTOWNS AND DISTRICTS. 0 0 314990 39261 COMMUNITY DEVELOPMENT:DURING THE 2023-2024 FISCAL YEAR, THE MISSISSIPPI MAIN STREET ASSOCIATION (MMSA) PROVIDED COMMUNITY SERVICES TO ASSIST THE 48 DESIGNATED MEMBER PROGRAMS AND TWO NETWORK COMMUNITY MEMBERS ACROSS THE STATE. COMMUNITY SERVICES CONSIST OF 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, EDUCATIONAL TRAININGS, GRANT MANAGEMENT AND ASSISTANCE, DESIGN SERVICES AND TRAINING, STATEWIDE ADVOCACY ENDEAVORS, MARKET ANALYSIS, NEW DIRECTOR AND BOARD MEMBER TRAINING, 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 PROVIDES AT LEAST ONE ON-SITE VISIT 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 2023-2024 FISCAL YEAR, THE MMSA STAFF VISITED ALL OF THE 48 DESIGNATED MAIN STREET COMMUNITIES AND TWO 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.JIM MILLER OF MADISON, MISS. WAS HIRED IN MARCH 2024 TO SERVE AS EXECUTIVE DIRECTOR OF THE STATEWIDE ORGANIZATION. IN THIS ROLE, MILLER SERVES AS THE STATE COORDINATOR FOR MMSA AND LEADS THE ORGANIZATION'S ADMINISTRATIVE, ADVOCACY, AND DEVELOPMENT EFFORTS. MILLER IS RESPONSIBLE FOR CREATING, LEADING, AND IMPLEMENTING A STRATEGIC PLAN IN COORDINATION WITH THE MMSA BOARD OF DIRECTORS AND STAFF, AND HE OVERSEES ALL STAFF MEMBERS, COORDINATES WORK WITH ALL CONTRACTORS, AND REPORTS TO THE MMSA BOARD OF DIRECTORS. BETH RANEY'S ROLE TRANSITIONED FROM DIRECTOR OF OFFICE SERVICES TO DIRECTOR OF BUSINESS AND FINANCE WHERE SHE 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. 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.MMSA WELCOMED SEVERAL NEW ASSOCIATE MEMBERS TO THE ASSOCIATION IN THE 2023-2024 FISCAL YEAR, INCLUDING LIBERTY MAIN STREET, CITY OF MENDENHALL, MAIN STREET POPLARVILLE, JACKSON REDEVELOPMENT AUTHORITY, OAKLAND MAIN STREET, AND TAYLORSVILLE MAIN STREET. MMSA CURRENTLY HAS 32 ASSOCIATE MEMBERS.MMSA WAS AWARDED A $250,000 USDA RURAL PARTNERS NETWORK GRANT TO FUND PLACEMAKING PROJECTS IN 11 SELECTED DESIGNATED MAIN STREET COMMUNITIES. MMSA WAS ALSO AWARDED $50,000 FROM THE W.K. KELLOGG FOUNDATION FOR ADDITIONAL PROGRAM ALIGNMENTS IN THE LOWER HALF OF THE STATE. MMSA PARTNERED WITH MAIN STREET AMERICA TO CONDUCT PROGRAM ALIGNMENTS IN EACH DESIGNATED COMMUNITY TO CONTINUE CULTIVATING AND SUPPORTING STRONG AND EFFECTIVE MAIN STREET PROGRAMS. MMSA ALSO RECEIVED A $50,000 SPECIAL PROJECT GRANT FROM THE MISSISSIPPI HILLS NATIONAL HERITAGE AREA. THIS GRANT PROVIDED FOR MMSA TO HAVE A SPECIAL 40TH ANNIVERSARY VIDEO PRODUCED, AS WELL AS ADDITIONAL FUNDS FOR COMMUNITY PROGRAM ALIGNMENTS IN THE HILLS REGION. IN MARCH 2024, MMSA RECEIVED $50,000 IN REIMBURSABLE FUNDING FROM THE USDA RURAL COMMUNITY DEVELOPMENT INITIATIVE (RCDI) TO IMPLEMENT THE MISSISSIPPI REAL ESTATE REDEVELOPMENT GAME PLAN PROJECT IN 14 DESIGNATED MAIN STREET COMMUNITIES IN THE 2023-2024 FISCAL YEAR.MMSA WAS RECOGNIZED FOR ITS PLANNING WORK WITH TWO AWARDS PRESENTED BY THE MISSISSIPPI CHAPTER OF THE AMERICAN PLANNING ASSOCIATION IN OCTOBER 2023 FOR BEST SMALL AREA PLAN FOR THE BILOXI DOWNTOWN ROADMAP AND BEST PUBLIC OUTREACH PROJECT FOR THE ENVISION-CONNECT PROJECT IN FIVE MAIN STREET COMMUNITIES. SUPPORTED BY USDA RURAL DEVELOPMENT'S COMMUNITY FACILITIES TECHNICAL ASSISTANCE AND TRAINING PROGRAM, THE ENVISION-CONNECT PROJECT PRODUCED HIGH-LEVEL, PRIORITIZED ACTION ITEMS FOR ABERDEEN, BOONEVILLE, COLUMBIA, NEW ALBANY, AND WATER VALLEY.IN MARKETING ENDEAVORS, MAIN STREET COMMUNITY FESTIVALS AND EVENTS WERE FEATURED ON "GOOD THINGS WITH REBECCA TURNER" EACH WEDNESDAY FROM SEPTEMBER THROUGH NOVEMBER OF 2023 AS WELL AS MARCH-JUNE OF 2024 ON SUPERTALK MISSISSIPPI. MMSA ALSO RECEIVED A $2500 GRANT FROM THE MISSISSIPPI HUMANITIES COUNCIL TO HELP FUND THE 40TH ANNIVERSARY VIDEO OF MMSA THAT WAS PREMIERED AT THE ANNUAL AWARDS LUNCHEON IN JUNE 2024.IN 2023, MISSISSIPPI MAIN STREET'S STATEWIDE ECONOMIC IMPACT FROM STATISTICAL REPORTS SUBMITTED FROM THE 50 DESIGNATED AND NETWORK PROGRAMS GENERATED 372 NEW BUSINESSES, 868 NEW JOBS, 71 BUSINESS EXPANSIONS, 170 FAADE REHABILITATIONS, 704 DOWNTOWN LIVING UNITS, 70 NEW CONSTRUCTION PROJECTS, 139 PUBLIC IMPROVEMENT PROJECTS, $249 MILLION IN PRIVATE INVESTMENT, AND $77 MILLION IN PRIVATE INVESTMENT, AND 46,919 VOLUNTEER HOURS. 314990 TRAINING AND EDUCATION:MMSA PROVIDES VALUABLE TRAINING TO ASSIST AND EQUIP DIRECTORS OF THE 80+ MEMBER MAIN STREET PROGRAMS THROUGHOUT THE STATE. CONTINUING EDUCATION IS ESSENTIAL TO GROW IN KNOWLEDGE AND SKILL IN DOWNTOWN DEVELOPMENT AND PRESERVATION, AND MMSA REQUIRES EVERY DESIGNATED MAIN STREET PROGRAM TO EARN A MINIMUM OF FOUR POINTS EACH CALENDAR YEAR (NETWORK PROGRAMS MUST EARN THREE POINTS), AND DIRECTORS CAN CHOOSE FROM SEVERAL TRAINING OPPORTUNITIES TO RECEIVE THIS CONTINUING EDUCATION. MAIN STREET MEMBERS RECEIVE DISCOUNTS TO ATTEND MMSA TRAININGS.MMSA HOSTED AN ADVOCACY WEBINAR IN JULY OF 2023. DESTINATION DOWNTOWN, AN ANNUAL TRI-STATE CONFERENCE WITH MAIN STREET ARKANSAS AND LOUISIANA MAIN STREET, WAS HELD IN MONROE/WEST MONROE, LA WITH 71 ATTENDEES FROM MISSISSIPPI. EVERY DESIGNATED PROGRAM RECEIVED A COMPLIMENTARY REGISTRATION TO ATTEND DESTINATION DOWNTOWN IN SEPTEMBER 2023. ORGANIZATION TRAINING WAS HELD IN LAUREL IN NOVEMBER 2023 WITH 56 ATTENDEES. TRAINING TOPICS INCLUDED A GRANT WRITING WORKSHOP, RECRUITING AND ENGAGING VOLUNTEERS, AND PURPOSE-DRIVEN EVENTS THAT MAKE MONEY. IN OCTOBER, MMSA STAFF PRESENTED AT THE MML SMALL TOWN CONFERENCE. MISSISSIPPI'S SHOP SMALL SATURDAY RETAIL INITIATIVE THE SATURDAY AFTER THANKSGIVING WAS PROMOTED IN PARTNERSHIP WITH MAIN STREET AMERICA AND AMERICAN EXPRESS. MMSA DEVELOPED NEW TRAINING VIDEOS FOR NEW LOCAL DIRECTORS AND LOCAL BOARD MEMBERS THAT ARE HOSTED ON THE MMSA WEBSITE'S MEDIA PAGE.IN JANUARY 2024, A DIRECTORS' RETREAT FOR DIRECTORS OF DESIGNATED MAIN STREET PROGRAMS WAS HELD IN OCEAN SPRINGS WITH 55 IN ATTENDANCE. DESIGN TRAINING WAS HELD IN TUPELO IN MARCH WITH 67 IN ATTENDANCE. TOPICS INCLUDED THE PRINCIPLES OF GOOD DESIGN, DESIGN ON A BUDGET WITH PLACEMAKING PROJECTS, CITY ZONING FOR DOWNTOWN GROWTH, AND A CASE STUDY OF LOCAL AND STATE INCENTIVES FOR BUILDING REHABILITATIONS. A MAIN STREET LEGISLATIVE DAY WAS HELD WITH A PRESS CONFERENCE AT THE MISSISSIPPI STATE CAPITOL FOLLOWED BY A LUNCHEON ON MARCH 26, 2024, WITH EXCELLENT ATTENDANCE FROM STATE LEGISLATORS AND LOCAL DIRECTORS. THE NATIONAL MAIN STREET CONFERENCE WAS HELD IN BIRMINGHAM, AL IN MAY AND 45 ATTENDEES WERE FROM MISSISSIPPI. SEVEN SCHOLARSHIPS WERE ALSO AWARDED FOR DIRECTORS TO ATTEND THE NATIONAL MAIN STREET CONFERENCE IN BIRMINGHAM, AL IN MAY 2024.MMSA WORKS WITH MAIN STREET AMERICA TO EVALUATE EACH LOCAL PROGRAM FOR ANNUAL ACCREDITATION BASED ON SIX NATIONAL STANDARDS, AND THIS LIST OF NATIONALLY ACCREDITED COMMUNITIES WAS ANNOUNCED IN MAY 2024. THE 2024 ANNUAL AWARDS LUNCHEON WAS HELD IN JACKSON WITH A RECORD 331 ATTENDEES, AND 39 AWARDS WERE PRESENTED TO DOWNTOWN REVITALIZATION LEADERS ACROSS THE STATE. MMSA BOARD MEMBERS, INVESTORS, SPONSORS, LOCAL DIRECTORS AND MEMBERS, LOCAL BOARD MEMBERS, STATE AND LOCAL ELECTED OFFICIALS AND PARTNERS ATTENDED THE CELEBRATORY LUNCHEON. SPEAKERS INCLUDED LIEUTENANT GOVERNOR DELBERT HOSEMANN, KATIE BLOUNT OF MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY, AND LEAH KEMP OF THE FRED CAR JR. SMALL TOWN CENTER. 314990 SPECIAL PROJECTS/PARTNER COLLABORATION:MMSA OPENED THE MISSISSIPPI MAIN STREET REVITALIZATION GRANT PROGRAM (MMSRG) IN JULY OF 2023. THIS PROGRAM DEVELOPED IN PARTNERSHIP WITH THE MISSISSIPPI DEVELOPMENT AUTHORITY AND THE MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY PROVIDES FUNDS FOR DOWNTOWN REVITALIZATION PROJECTS IN MISSISSIPPI'S DESIGNATED MAIN STREET COMMUNITIES. GRANT FUNDS ARE AVAILABLE ON A COMPETITIVE BASIS FOR ELIGIBLE PROJECTS UP TO $500,000 PER COMMUNITY. WITH THE FIRST GRANT PROGRAM, 19 DESIGNATED MAIN STREET COMMUNITIES SUBMITTED APPLICATIONS THAT WERE VETTED BY THE MMSA BOARD OF DIRECTORS, AND MMSA PROVIDED THE MISSISSIPPI DEVELOPMENT AUTHORITY AND THE MISSISSIPPI LEGISLATURE WITH A LIST OF THESE PRIORITIZED PROJECTS IN THE FALL OF 2023. ALL 19 PROJECTS WERE APPROVED BY THE MISSISSIPPI LEGISLATURE FOR FUNDING IN APRIL 2024. ON MAY 8, GOV. TATE REEVES SIGNED SENATE BILL 2696 THAT ESTABLISHES THE MISSISSIPPI MAIN STREET REVITALIZATION GRANT (MMSRG) PROGRAM AS AN ONGOING PROGRAM UNDER THE STATE TO PROVIDED FUNDS THROUGH THE MISSISSIPPI DEVELOPMENT AUTHORITY FOR DOWNTOWN REVITALIZATION PROJECTS IN MISSISSIPPI'S LOCAL MAIN STREET COMMUNITIES. THE GOVERNOR ALSO SIGNED SENATE BILL 3056 WHICH INCLUDES FUNDING FOR 19 PROJECTS FOR A TOTAL OF $6.972 MILLION FOR THE MMSRG PROGRAM THIS YEAR AS WELL AS $500,000 TO MMSA FOR STATEWIDE SUPPORT AND OPERATIONS.THE 19 DESIGNATED MAIN STREET COMMUNITIES THAT WILL BE FUNDED IN THE 2024-2025 FISCAL YEAR INCLUDE: AMORY, BILOXI, BOONEVILLE, CLEVELAND, COLUMBUS, CRYSTAL SPRINGS, GREENVILLE, HATTIESBURG, HERNANDO, MOSS POINT, NATCHEZ, NETTLETON, NEW ALBANY, PASCAGOULA, RIPLEY, SALTILLO, SENATOBIA, VICKSBURG, AND WATER VALLEY.MORE THAN $5 MILLION DOLLARS IN ARPA FUNDS APPROPRIATED TO MMSA DESIGNATED COMMUNITIES BY THE MISSISSIPPI LEGISLATURE IN 2022 AND 2023 CONTINUE TO BE IMPLEMENTED IN DOWNTOWN REVITALIZATION PROJECTS ACROSS THE STATE.MISSISSIPPI DOWNTOWN DESIGN GUIDELINES WERE WRITTEN BY MMSA'S PARTNERS AT THE FRED CARL JR. SMALL TOWN CENTER AND MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY, AND MMSA PRINTED AND MAILED COPIES TO ALL MMSA MEMBERS. THE DIGITAL BOOK CAN ALSO BE FOUND ON THE MMSA WEBSITE'S MEDIA PAGE. THE 2023 DOWNTOWN TOOLBOX WAS MAILED TO ALL MMSA MEMBERS THAT LISTS COMPANIES AND THEIR SERVICES WHO CONTRIBUTE AS ANNUAL INVESTORS OF MMSA.MMSA PROVIDES CO-OP ADVERTISING OPPORTUNITIES TO MEMBERS WHERE MEMBERS CAN PARTICIPATE TOGETHER IN A JOINT AD AT A LOWER COST, AND MMSA COORDINATES THE AD PRODUCTION. THE MMSA TEAM PRESENTED THREE SESSIONS AND EXHIBITED AT THE MISSISSIPPI MUNICIPAL LEAGUE CONFERENCE IN JUNE 2024, WORKING TO EDUCATE ELECTED OFFICIALS ON THE IMPORTANCE OF SUPPORTING MAIN STREET EFFORTS IN COMMUNITY DEVELOPMENT. MMSA PARTNERS REGULARLY ON SPECIAL PROJECTS AND TRAININGS WITH THE MISSISSIPPI DEPARTMENT OF ARCHIVES & HISTORY, MISSISSIPPI ECONOMIC DEVELOPMENT COUNCIL, MISSISSIPPI HERITAGE TRUST, MSU STENNIS INSTITUTE, MDA ASSET MAPPING, MDA ENTREPRENEUR CENTER, FRED CARL JR. SMALL TOWN CENTER, MISSISSIPPI TOURISM ASSOCIATION, AND THE MISSISSIPPI ARTS COMMISSION. MMSA SEES THESE PARTNERS AS EXTENSIONS OF MMSA STAFF AND ADDITIONAL RESOURCES FOR OUR LOCAL COMMUNITIES. MMSA ALSO APPROVES PARTNER EVENTS AND CONFERENCES AS CONTINUING EDUCATION FOR MAIN STREET DIRECTORS. 944970 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 MS X JENAE HEEP CPA 6012593998 3759 MCGUFFEE ROAD CLINTON MS 39056 CHRIS HINTON VICE PRESIDENT 1.00 X X 0 0 0 BRENT FAIRLEY BOARD MEMBER 1.00 X 0 0 0 MEREDITH MASSEY BOARD MEMBER 1.00 X 0 0 0 MICHELLE JONES PAST PRESIDENT 1.00 X X 0 0 0 TOMEKA DURR-WILEY BOARD MEMBER 1.00 X 0 0 0 JIM ROSENBLATT BOARD MEMBER 1.00 X 0 0 0 LORI TUCKER BOARD MEMBER 1.00 X 0 0 0 KEN P'POOL BOARD MEMBER EMERITUS 1.00 X 0 0 0 CYNTHIA SUTTON BOARD MEMBER 1.00 X X 0 0 0 LEAH KEMP BOARD MEMBER 1.00 X 0 0 0 TIM CLIMER BOARD MEMBER 1.00 X 0 0 0 MARLO DORSEY PRESIDENT 1.00 X X 0 0 0 STEVE KELLY BOARD MEMBER EMERITUS 1.00 X 0 0 0 CHANCE MCDAVID BOARD MEMBER 1.00 X 0 0 0 BRAD REEVES BOARD MEMBER 1.00 X 0 0 0 MANDY HEGWOOD BOARD MEMBER 1.00 X 0 0 0 KELLE BARFIELD TREASURER 1.00 X X 0 0 0 JEAN BLUNDEN BOARD MEMBER 1.00 X 0 0 0 CHIP JOHNSON BOARD MEMBER 1.00 X 0 0 0 LISA KLUTTS BOARD MEMBER 1.00 X 0 0 0 THOMAS GREGORY FORMER EXECUTIVE DIRECTOR 40.00 X 67663 0 1804 JAMES MILLER EXECUTIVE DIRECTOR 40.00 X 29615 0 2402 97278 0 4206 0 0 0 0 0 145938 803688 126200 1075826 PROGRAM SERVICE REVENU 900099 39261 39261 39261 7479 7479 MISCELLANEOUS INCOME 900099 12068 12068 12068 1134634 39261 0 19547 160025 97278 51280 11467 158487 158487 50986 40942 8209 1835 27221 21858 4383 980 17574 17574 80123 80123 38575 38575 22789 21838 951 37250 37250 35211 31526 3685 1407 1126 225 56 5146 5146 COMMUNITY SERVICE EXPEN 453156 453156 TRAINING EXPENSES 45703 42490 3213 MEMBER REIMBURSED - GOV 17877 17877 MISCELLANEOUS 13300 444 3008 9848 1164830 944970 97674 122186 272785 234462 50000 51954 5139 9909 6263 2670 3646 2925 3292 328380 298493 27500 27809 27500 27809 X 273380 267875 27500 2809 300880 270684 328380 298493 -30196 0 X X 1 X 0 1 0 X 312653 724588 585072 865012 1075876 3563201 312653 724588 585072 865012 1075876 3563201 234038 3329163 1 82 1065 7479 8627 18000 14408 15689 14662 12018 74777 3646605 221452 0.91290 0.89630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 80123 80123 1084707 1164830 191483 47871 0 0 171976 191483 363459 545189 24025 80123 104148 42994 47871 90865 136298 9909 6263 3646 3646 1134634 0 1134634 0 1134634 1164830 0 1164830 0 1164830 FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW IS DONE BY THE ASSOCIATION'S TREASURER DESIGNEE AND INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL BOARD MEMBERS ANNUALLY. IT IS REVISED AND ANY NECESSARY DISCLOSURES ARE MADE YEARLY. ANY CONFLICTS ARISING DURING THE YEAR ARE DOCUMENTED IN THE BOARD MINUTES ALONG WITH ANY RESOLUTION DETAILS. A FINAL COPY OF THE POLICY IS SIGNED BY EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 A SURVEY IS PERFORMED ON A PERIODIC BASIS COMPARING SALARIES AT MISSISSIPPI MAIN STREET ASSOCIATION TO SALARIES NATIONWIDE IN OTHER MAIN STREET ORGANIZATIONS. SALARIES HAVE BEEN FOUND TO BE WELL WITHIN THE SALARY RANGES BOTH NATIONWIDE AND REGIONALLY; THIS IS AN ONGOING PROCESS. ALSO SURVEYED ARE THE SALARY LEVELS AVAILABLE FROM THE MISSISSIPPI ASSOCIATION OF EXECUTIVES, AND AGAIN FOUND TO BE WELL WITHIN COMPARABLE POSITIONS IN OTHER ANALAGOUS ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1 THE ASSOCIATION HAS ADOPTED THE MODIFIED CASH BASIS OF ACCOUNTING FOR FINANCIAL REPORTING PURPOSES. UNDER THIS METHOD, REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THIS METHOD HAS BEEN MODIFIED FOR THESE FINANCIAL STATEMENTS TO INCLUDE A PROVISION FOR DEPRECIATION OF PROPERTY, EQUIPMENT, FURNITURE AND FIXTURES TO RECORD LONG-LIVED ASSETS AND LONG-TERM OBLIGATIONS, RECEIPTS OWED FOR THE CURRENT PERIOD, AND TO DEFER REVENUE RELATED TO DUES RECEIVED FOR A FUTURE PERIOD. PART XII LINE 2C-PROCESS OF COMMITTEE OVERSIGHT OF THE FINANCIAL STATEMENT AN OUTSIDE CPA WILL REVIEW THE STATEMENTS OF FINANCIAL POSITION, CONDUCTED IN ACCORDANCE WITH AUDITING STANDARDS GENERALLY ACCEPTED BY THE UNITED STATES OF AMERICA. THE FINANCIAL STATEMENTS WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. COMPLETE FINANCIAL STATEMENTS WILL BE SUBMITTED AND REVIEWED BY THE FULL BOARD, WITH THE CPA ANSWERING ANY QUESTIONS THAT ARISE. THE CPA WORKS CLOSELY WITH THE BOARD OF DIRECTORS DURING THE YEAR SHOULD ANY CONCERNS ARISE.