Nonprofit · EIN 92-0520508
TRAILS OF MISSISSIPPI
Tax-exempt · MADISON, MS 39110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $243,608 | $259,691 | -$16,083 | $613,133 | $592,378 | $20,755 |
| December 31, 2023 | 990 | $82,843 | $46,101 | $36,742 | $687,187 | $650,349 | $36,838 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net income from gaming
- $240,883
- Other revenue
- $243,608
Expenses
- Grants and similar amounts paid
- $33,022
- Compensation of officers, directors and key employees
- $85,500
- Other salaries and wages
- $38,289
- Salaries, compensation and benefits (total)
- $133,259
- Professional fundraising fees
- $0
- Legal fees
- $160
- Accounting fees
- $17,634
- Occupancy
- $32,728
- Travel
- $19,144
- Depreciation
- $1,540
- Program services (functional)
- $33,022
- Management and general (functional)
- $226,669
Balance sheet and other
- Total assets, start of year
- $687,187
- Total assets, end of year
- $613,133
- Total liabilities, end of year
- $592,378
- Net assets, end of year
- $20,755
- Land, buildings and equipment
- $5,516
- Net assets without donor restrictions
- $20,755
- Gross unrelated business income
- $125,169
- Gross receipts
- $3,184,091
- Employees
- 16
- Volunteers
- 10
- Year formed
- 2022
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT CLEM | EXECUTIVE DIRECTOR Officer | 40 | $85,500 |
| DENNIS BISNETTE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOHN WILSON | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT CLEM | EXECUTIVE DIRECTOR Officer | 40 | $63,175 |
| DENNIS BISNETTE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAMERON FARMER | TREASURER/VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOHN WILSON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 101 GRAYHAWK CV, MADISON, MS 39110-3000
- In care of
- % 9
- Mailing address (990-N for 2022)
- 101 GRAYHAWK COVE, MADISON MS 39110
- Principal officer (990 for 2024)
- MATT CLEM, 101 GRAYHAWK COVE, MADISON, MS 39110
- Principal officer (990-N for 2022)
- MATT CLEM, 101 GRAYHAWK COVE, MADISON MS 39110
- Signed the 990
- MATT CLEM, EXECUTIVE DIRECTOR
- Phone
- (601) 613-1812
- Return prepared by
- MATTHEWS CUTRER & LINDSAY PA
Mission
TRAILS OF MISSISSIPPI, INC. (TOMS) WAS ORGANIZED AS A NONPROFIT CORPORATION WITH A MISSION TO ADVOCATE THE DEVELOPMENT OF DIVERSE, HIGH-QUALITY PARKS, TRAILS, WATER WAYS AND GREENWAYS FOR THE BENEFIT OF PEOPLES AND THEIR COMMUNITIES. THROUGH COLLABORATION, EDUCATION, AND COMMUNICATION, TOMS OFFERS GRANTS TO NON-PROFIT 501(C)(3) ORGANIZATIONS LOCATED IN MISSISSIPPI THAT PROVIDE AND PROMOTE ACTIVITIES AND SERVICES ON PARKS, TRAILS, WATERWAYS AND GREENWAYS. TOMS RECEIVES A SIGNIFICANT AMOUNT OF FUNDRAISING REVENUE FROM BINGO ACTIVITIES OPERATED UNDER THE STATE OF MISSISSIPPI CHARITABLE BINGO LAWS AS REGULATED BY THE MISSISSIPPI GAMING COMMISSION.
Program accomplishments
- TRAILS OF MISSISSIPPI (TOMS) ADVOCATED FOR THE DEVELOPMENT OF DIVERSE, HIGH QUALITY PARKS, TRAILS, WATER WAYS, AND GREENWAYS FOR THE BENEFIT OF PEOPLE AND THEIR COMMUNITIES. THROUGH COLLABORATION, EDUCATION, AND COMMUNICATION, TOMS GRANTS NON-PROFIT 501(C)3 ORGANIZATIONS LOCATED IN MISSISSIPPI THAT PROVIDE AND PROMOTE ACTIVITIES AND SERVICES ON PARKS, TRAILS, WATER WAYS, AND GREENWAYS. TOMS RAISED FUNDS THROUGH CHARITABLE GAMING. THE ORGANIZATION WAS ABLE TO GRANT $33,000 IN 2024, THE SECOND YEAR OF OPERATIONS. THE FUTURE IS HOPEFUL FOR MORE GRANTS TO BE AWARDED.Expenses $33,022 · grants $33,022
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
- 92-0520508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C12)
- Assets (IRS master file)
- $613,133
- Income (IRS master file)
- $3,184,091
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $243,608 | $259,691 | $613,133 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $82,843 | $46,101 | $687,187 | XML |
| 990-N for 2022 Officer: MATT CLEM | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 92-0520508).
Questions about TRAILS OF MISSISSIPPI
- What is the EIN of TRAILS OF MISSISSIPPI?
- The employer identification number (EIN) of TRAILS OF MISSISSIPPI is 92-0520508.
- Is TRAILS OF MISSISSIPPI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to TRAILS OF MISSISSIPPI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRAILS OF MISSISSIPPI 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 TRAILS OF MISSISSIPPI 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 TRAILS OF MISSISSIPPI 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 TRAILS OF MISSISSIPPI?
- The 990 for the year ended December 31, 2024 names MATT CLEM.
- Who are the officers and directors of TRAILS OF MISSISSIPPI?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $85,500 (MATT CLEM, EXECUTIVE DIRECTOR).
- How much revenue does TRAILS OF MISSISSIPPI have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $243,608, expenses of $259,691 and total assets of $613,133 at year end.
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- MADISON-RIDGELAND ACADEMY EIN 64-0478043 · last filed 990 for 2025
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- MISSISSIPPI HOSPITAL ASSOCIATION EIN 64-0411249 · last filed 990 for 2025
- ANNANDALE INC EIN 64-0624143 · last filed 990 for 2024