Nonprofit · EIN 64-6193927
MISSISSIPPI ECONOMIC RESOURCE TRUST
Tax-exempt · NEW ORLEANS, LA 70139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,110,550 | $1,093,638 | $2,016,912 | $15,085,326 | $0 | $15,085,326 |
| December 31, 2024 | 990 | $505,845 | $365,358 | $140,487 | $13,075,414 | $0 | $13,075,414 |
| December 31, 2023 | 990 | $4,228,607 | $437,085 | $3,791,522 | $12,922,127 | $0 | $12,922,127 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,000,000
- Program service revenue
- $0
- Investment income
- $1,110,482
- Net gain from sales of assets
- $588,116
- Other revenue
- $68
Expenses
- Grants and similar amounts paid
- $1,023,638
- Compensation of officers, directors and key employees
- $28,767
- Salaries, compensation and benefits (total)
- $28,767
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Program services (functional)
- $1,023,638
- Management and general (functional)
- $70,000
Balance sheet and other
- Total assets, start of year
- $13,075,414
- Total assets, end of year
- $15,085,326
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,085,326
- Publicly traded securities
- $14,669,072
- Gross receipts
- $13,338,183
- Employees
- 0
- Year formed
- 2009
- State of legal domicile
- MS
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANCOCK WHITNEY BANK | TRUSTEE Institutional trustee | – | $28,767 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANCOCK WHITNEY BANK | TRUSTEE Institutional trustee | – | $25,525 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANCOCK WHITNEY BANK | TRUSTEE Institutional trustee | – | $22,026 |
Address and contacts
- Address (IRS master file)
- 701 POYDRAS STREET STE 3100, NEW ORLEANS, LA 70139-6001
- In care of
- % HANCOCK BANK TTEE
- Principal officer (990 for 2025)
- HANCOCK WHITNEY BANK, 701 POYDRAS ST STE 3200, NEW ORLEANS, LA 701397727
- Signed the 990
- HANCOCK WHITNEY BANK, TRUST TAX MGR
- Phone
- (504) 599-2191
- Return prepared by
- KPMG LLP
Mission
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.
Program accomplishments
- PROJECT READY. MS POWER'S ECONOMIC DEVELOPMENT DEPARTMENT, THROUGH IT'S ECONOMIC DEVELOPMENT TRUST, LAUNCHED PROJECT READY, AN UNPRECEDENTED INDUSTRIAL SITES PROGRAM, TO ATTRACT NEW INDUSTRIES TO SOUTHEAST MISSISSIPPI. THE PURPOSE OF THIS PROGRAM IS TO GET SE MS DEVELOPMENT READY IN AN EFFORT TO LURE NEW INDUSTRIES AND BETTER QUALITY JOBS TO THE AREA. PROJECT READY WILL IDENTIFY SITES IN EACH COUNTY THAT ARE APPROPRIATE FOR DEVELOPMENT AND IMPROVE THE READINESS OF THOSE SITES ALREADY IN THE ECONOMIC OPPORTUNITY INVENTORY IN THE REGION.Expenses $1,023,638 · grants $1,023,638
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 | 990 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
- 64-6193927
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20I)
- Assets (IRS master file)
- $15,085,326
- Income (IRS master file)
- $13,338,183
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,110,550 | $1,093,638 | $15,085,326 | XML |
| 990 | December 2024 | $505,845 | $365,358 | $13,075,414 | IRS |
| 990 | December 2023 | $4,228,607 | $437,085 | $12,922,127 | XML |
| 990 | December 2022 | -$82,278 | $157,711 | $9,156,627 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 64-6193927).
Questions about MISSISSIPPI ECONOMIC RESOURCE TRUST
- What is the EIN of MISSISSIPPI ECONOMIC RESOURCE TRUST?
- The employer identification number (EIN) of MISSISSIPPI ECONOMIC RESOURCE TRUST is 64-6193927.
- Is MISSISSIPPI ECONOMIC RESOURCE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to MISSISSIPPI ECONOMIC RESOURCE TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MISSISSIPPI ECONOMIC RESOURCE TRUST 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 MISSISSIPPI ECONOMIC RESOURCE TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MISSISSIPPI ECONOMIC RESOURCE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MISSISSIPPI ECONOMIC RESOURCE TRUST?
- The 990 for the year ended December 31, 2025 names HANCOCK WHITNEY BANK.
- Who are the officers and directors of MISSISSIPPI ECONOMIC RESOURCE TRUST?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $28,767 (HANCOCK WHITNEY BANK, TRUSTEE).
- How much revenue does MISSISSIPPI ECONOMIC RESOURCE TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,110,550, expenses of $1,093,638 and total assets of $15,085,326 at year end.
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