Nonprofit · EIN 62-1198163
MID-SOUTH BUSINESS CONTINUUM INC
Tax-exempt · MEMPHIS, TN 38103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,298,745 | $1,372,647 | -$73,902 | $2,678,794 | $697,776 | $1,981,018 |
| December 31, 2023 | 990 | $1,124,958 | $1,347,631 | -$222,673 | $2,556,009 | $597,153 | $1,958,856 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,298,493
- Membership dues
- $726,617
- Program service revenue
- $0
- Investment income
- $252
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $483,012
- Salaries, compensation and benefits (total)
- $590,241
- Professional fundraising fees
- $0
- Occupancy
- $206,073
- Travel
- $8,527
- Program services (functional)
- $751,722
- Management and general (functional)
- $620,925
Balance sheet and other
- Total assets, start of year
- $2,556,009
- Total assets, end of year
- $2,678,794
- Total liabilities, end of year
- $697,776
- Net assets, end of year
- $1,981,018
- Land, buildings and equipment
- $914,500
- Net assets without donor restrictions
- $1,981,018
- Gross receipts
- $1,298,745
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOZELLE BOOKER | PRESIDENT/CEO Officer, Key employee, Highest-paid employee | 40 | $157,700 |
| BACCARRA MOULDIN | DIRECTOR Trustee or director | 2 | $0 |
| KEITH NORMAN | DIRECTOR Trustee or director | 2 | $0 |
| LETICIA W TOWNS | DIRECTOR Trustee or director | 2 | $0 |
| LARRY FOGARTY | DIRECTOR Trustee or director | 2 | $0 |
| TAMMY LOCASCIO | DIRECTOR Trustee or director | 2 | $0 |
| DAVID E MCKINNEY | DIRECTOR Trustee or director | 2 | $0 |
| JUSTIN TROY | DIRECTOR Trustee or director | 2 | $0 |
| LAUREL WILLIAMS | DIRECTOR Trustee or director | 2 | $0 |
| DOUG MCGOWEN | DIRECTOR Trustee or director | 2 | $0 |
| JOHN WEBB | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOZELLE BOOKER | PRESIDENT/CEO Officer, Key employee, Highest-paid employee | 40 | $157,700 |
| GARY ROSENFIELD | DIRECTOR Trustee or director | 2 | $0 |
| KEITH NORMAN | DIRECTOR Trustee or director | 2 | $0 |
| RAAJKUMAR S KURAPATI | DIRECTOR Trustee or director | 2 | $0 |
| Leticia W Towns | DIRECTOR Trustee or director | 2 | $0 |
| LARRY FOGARTY | DIRECTOR Trustee or director | 2 | $0 |
| TAMMY LOCASCIO | DIRECTOR Trustee or director | 2 | $0 |
| David E McKinney | DIRECTOR Trustee or director | 2 | $0 |
| JUSTIN TROY | DIRECTOR Trustee or director | 2 | $0 |
| LAUREL WILLIAMS | DIRECTOR Trustee or director | 2 | $0 |
| DOUG MCGOWEN | DIRECTOR Trustee or director | 2 | $0 |
| JOHN WEBB | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 200 JEFFERSON AVE STE 1000, MEMPHIS, TN 38103-2391
- In care of
- % JOZELLE L BOOKER
- Principal officer (990 for 2024)
- JOZELLE BOOKER, 200 Jefferson Ave, MEMPHIS, TN 38103
- Signed the 990
- Jozelle Booker, President/ CEO
- Phone
- (901) 525-6512
- Website
- www.mmbc-memphis.org
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
PROMOTE BUSINESS OF MINORITY AND WOMEN
Program accomplishments
- INCREASE THE VOLUME AND DOLLAR AMOUNT OF BUSINESS GENERATED BY MINORITY AND WOMEN OWNED BUSINESS.Expenses $751,722
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1198163
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,678,794
- Income (IRS master file)
- $1,298,745
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,298,745 | $1,372,647 | $2,678,794 | XML |
| 990 | December 2023 | $1,124,958 | $1,347,631 | $2,556,009 | XML |
| 990 | December 2022 | $1,633,273 | $2,045,238 | $3,282,218 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1198163).
Questions about MID-SOUTH BUSINESS CONTINUUM INC
- What is the EIN of MID-SOUTH BUSINESS CONTINUUM INC?
- The employer identification number (EIN) of MID-SOUTH BUSINESS CONTINUUM INC is 62-1198163.
- Is MID-SOUTH BUSINESS CONTINUUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to MID-SOUTH BUSINESS CONTINUUM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MID-SOUTH BUSINESS CONTINUUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MID-SOUTH BUSINESS CONTINUUM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MID-SOUTH BUSINESS CONTINUUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MID-SOUTH BUSINESS CONTINUUM INC?
- The 990 for the year ended December 31, 2024 names JOZELLE BOOKER.
- Who are the officers and directors of MID-SOUTH BUSINESS CONTINUUM INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $157,700 (JOZELLE BOOKER, PRESIDENT/CEO).
- How much revenue does MID-SOUTH BUSINESS CONTINUUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,298,745, expenses of $1,372,647 and total assets of $2,678,794 at year end.
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