Nonprofit · EIN 64-0679132
MISSISSIPPI BUSINESS FINANCE CORPORATION
Tax-exempt · JACKSON, MS 39202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,700,862 | $602,420 | $1,098,442 | $19,681,166 | $1,441,145 | $18,240,021 |
| June 30, 2024 | 990 | $1,271,657 | $553,843 | $717,814 | $18,758,605 | $1,617,026 | $17,141,579 |
| June 30, 2023 | 990 | $1,216,373 | $773,640 | $442,733 | $18,180,166 | $1,756,401 | $16,423,765 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $327,500
- Investment income
- $1,073,362
- Other revenue
- $300,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $301,104
- Other salaries and wages
- $53,172
- Salaries, compensation and benefits (total)
- $339,938
- Professional fundraising fees
- $0
- Legal fees
- $100,000
- Accounting fees
- $18,217
- Occupancy
- $43,886
- Travel
- $8,339
- Depreciation
- $14,838
- Program services (functional)
- $469,032
- Management and general (functional)
- $133,388
Balance sheet and other
- Total assets, start of year
- $18,758,605
- Total assets, end of year
- $19,681,166
- Total liabilities, end of year
- $1,441,145
- Net assets, end of year
- $18,240,021
- Land, buildings and equipment
- $29,676
- Publicly traded securities
- $18,234,894
- Gross receipts
- $1,700,862
- Employees
- 3
- Year formed
- 1983
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARRY MOBLEY | EXECUTIVE DI Officer | 40 | $205,880 | $10,018 |
| DEBBIE MCCOLLUM | SECRETARY Officer | 40 | $95,224 | $4,860 |
| WILLIAM D SONES | PRESIDENT/DI Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM L FREEMAN JR | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL BOERNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN BOTELER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NOEL DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MERLE FLOWERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOBBY JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLBY ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK WIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARRY MOBLEY | EXECUTIVE DI Officer | 40 | $190,000 | $10,856 |
| DEBBIE MCCOLLUM | SECRETARY Officer | 40 | $92,610 | $8,134 |
| WILLIAM D SONES | PRESIDENT/DI Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM L FREEMAN JR | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL BOERNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN BOTELER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NOEL DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MERLE FLOWERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOBBY JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLBY JORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK WIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LARRY W MOBLEY | EXECUTIVE DI Officer | 40 | $178,280 | $41,260 |
| DEBBIE W MCCOLLUM | SECRETARY Officer | 40 | $84,884 | $23,675 |
| MICHAEL BOERNER | DIRECTOR Trustee or director | – | $0 | $0 |
| CAROLYN BOTELER | DIRECTOR Trustee or director | – | $0 | $0 |
| NOEL DANIELS | DIRECTOR Trustee or director | – | $0 | $0 |
| MERLE FLOWERS | DIRECTOR Trustee or director | – | $0 | $0 |
| BOBBY JAMES | DIRECTOR Trustee or director | – | $0 | $0 |
| COLBY JORDAN | DIRECTOR Trustee or director | – | $0 | $0 |
| WILLIAM L FREEMAN JR | VICE PRESIDE Trustee or director, Officer | – | $0 | $0 |
| WILLIAM D SONES | PRESIDENT/DI Trustee or director, Officer | – | $0 | $0 |
| MARK WIGGINS | DIRECTOR Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 735 RIVERSIDE DR STE 300, JACKSON, MS 39202-1166
- Principal officer (990 for 2024)
- LARRY MOBLEY, 735 RIVERSIDE DRIVE SUITE 300, JACKSON, MS 39202
- Signed the 990
- LARRY MOBLEY, EXECUTIVE DIRECTOR
- Phone
- (601) 355-6232
- Website
- WWW.MSBUSINESSFINANCE.COM
- Return prepared by
- COLLINS BARR & HEMBREE LTD
Mission
MAKING LOANS TO QUALIFIED SMALL BUSINESSES TO STIMULATE, PROMOTE & DEVELOP, AND ADVANCE SMALL BUSINESS ACTIVITY IN THE STATE OF MISSISSIPPI.
Program accomplishments
- MAKING LOANS TO QUALIFIED SMALL BUSINESSES TO STIMULATE, PROMOTE & DEVELOP, AND ADVANCE SMALL BUSINESS ACTIVITY IN THE STATE OF MISSISSIPPI.Expenses $469,032 · revenue $327,500
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0679132
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $19,681,166
- Income (IRS master file)
- $1,700,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,700,862 | $602,420 | $19,681,166 | IRS |
| 990 | June 2024 | $1,271,657 | $553,843 | $18,758,605 | IRS |
| 990 | June 2023 | $1,216,373 | $773,640 | $18,180,166 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 64-0679132).
Questions about MISSISSIPPI BUSINESS FINANCE CORPORATION
- What is the EIN of MISSISSIPPI BUSINESS FINANCE CORPORATION?
- The employer identification number (EIN) of MISSISSIPPI BUSINESS FINANCE CORPORATION is 64-0679132.
- Is MISSISSIPPI BUSINESS FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1983.
- Are donations to MISSISSIPPI BUSINESS FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MISSISSIPPI BUSINESS FINANCE CORPORATION 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 BUSINESS FINANCE CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MISSISSIPPI BUSINESS FINANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MISSISSIPPI BUSINESS FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names LARRY MOBLEY.
- Who are the officers and directors of MISSISSIPPI BUSINESS FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $205,880 (LARRY MOBLEY, EXECUTIVE DI).
- How much revenue does MISSISSIPPI BUSINESS FINANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,700,862, expenses of $602,420 and total assets of $19,681,166 at year end.
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