Public Charity

MISSISSIPPI ECONOMIC RESOURCE TRUST

MISSISSIPPI ECONOMIC RESOURCE TRUST is a private foundation categorized as Public Charity based in NEW ORLEANS, LA. Its most recent IRS filing (2024) reports revenue of $506K, expenses of $365K, total assets of $13.1M. Imperigo tracks 5 reported grants from this foundation totaling approximately $842K.

EIN: 646193927 NEW ORLEANS, LA Latest filing: 2024

Total Revenue$506K

Total Expenses$365K

Total Assets$13.1M

Grants Given5

Grant Total$842K

Filing Years2020–2024

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.

Sample Grants Given

PROJECT READY

GULFPORT, MS · 2024

ATTRACT NEW INDUSTRIES TO SOUTHEAST MS BY IDENTIFYING SITES APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$305,499

PROJECT READY

GULFPORT, MS · 2023

ATTRACT NEW INDUSTRIES TO SOUTHEAST MS BY IDENTIFYING SITES APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$384,725

PROJECT READY

GULFPORT, MS · 2022

ATTRACT NEW INDUSTRIES TO SOUTHEAST MS BY IDENTIFYING SITES APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$116,750

PROJECT READY

GULFPORT, MS · 2021

ATTRACT NEW INDUSTRIES TO SOUTHEAST MS BY IDENTIFYING SITES APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$10,000

PROJECT READY

GULFPORT, MS · 2020

APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$25,000

Showing up to 5 of 5 total records — full history available with membership.

Top Grant Purposes

ATTRACT NEW INDUSTRIES TO SOUTHEAST MS BY IDENTIFYING SITES APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$816,974 4 grants

APPROPRIATE FOR DEVELOPMENT AND IMPROVE THEREADINESS OF THOSE SITES.

$25,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2024	$506K	$365K	$13.1M
2023	$4.2M	$437K	$12.9M
2022	$-82K	$158K	$9.2M
2021	$1.7M	$52K	$9.4M
2020	$464K	$57K	$7.7M

Between 2020 and 2024, reported annual revenue grew from $464K to $506K (+9%), with total assets most recently reported at $13.1M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MS.

Full geographic grant map with state-by-state breakdown available with membership.

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