2024-10-29T16:32:43-05:00 2023-12-31 640809101 HARPER RAINS KNIGHT & COMPANY PA 1052 HIGHLAND COLONY PKWY STE 100 RIDGELAND MS 39157 990 2023-01-01 640733014 HIS WAY INC HISW 6016054420 PO BOX 3343 RIDGELAND MS 39158 LARRY TAYLOR PRESIDENT 6016054420 2024-10-25 1 0 THOMAS J WIYGUL CPA P00627119 6016050722 2024-10-23 2023 2024-10-15 13:58:12Z LARRY TAYLOR PO BOX 3343 RIDGELAND MS 39158 6333277 0 X N/A X 1986 MS THE SPECIFIC OBJECTIVES AND PURPOSES OF THIS CORPORATION SHALL BE CHARITABLE. THE PRINCIPAL PURPOSE AND OBJECTIVE OF HIS WAY, INC. SHALL BE TO SERVE THE NEEDS OF CHILDREN UNDER THE AGE OF 18 WITH MONETARY CONTRIBUTIONS TO OTHER 501(C)(3) CHARITIES. THE PURPOSE OF THE RECEIVING CHARITIES, AS REGISTERED AND REPORTED TO THE MISSISSIPPI SECRETARY OF STATE'S OFFICE, MUST BE TO SERVE THE NEEDS OF UNDERPRIVILEGED, AT RISK, ABUSED, NEGLECTED OR HOMELESS CHILDREN. SERVICES MAY INCLUDE FOOD, CLOTHING, SHELTER, AFTER-SCHOOL MENTORING PROGRAMS, SUPPLIES AND EQUIPMENT, MEDICAL AND REMEDIAL CARE, AND CONSTRUCTION. AT THE SOLE DISCRETION OF THE BOARD OF DIRECTORS, CONTRIBUTIONS MAY ALSO BE MADE TO CHARITIES TO FUND OTHER SERVICES OF THE ORGANIZATION THAT ARE DIRECTLY RELATED TO MEETING THE NEEDS OF THE CHILDREN SERVED. 7 7 21 0 595750 0 67493 0 0 0 -5670 25607 822512 918875 884335 944482 578876 684616 0 0 146292 147476 0 0 0 104575 113697 829743 945789 54592 -1307 1600122 1592258 96556 89996 1503566 1502262 TO SERVE THE NEEDS OF CHILDREN UNDER THE AGE OF 18 WITH MONETARY CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS. THE PURPOSE OF THE RECEIVING CHARITIES MUST BE TO SERVE THE NEEDS OF UNDERPRIVILEGED, AT RISK, ABUSED, NEGLECTED OR HOMELESS CHILDREN. 0 0 866884 684616 PROVIDE SUPPORT TO ORGANIZATIONS WHICH OPERATE PROGRAMS THAT NURTURE AND ASSIST UNDERPRIVILEGED, NEGLECTED, ABUSED OR HOMELESS CHILDREN. 866884 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 21 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 MS X X LESLIE THREADGILL 6016054420 745 AVIGNON DRIVE STE B RIDGELAND MS 39157 BOB SPRING PRESIDENT 1.00 X X 0 0 0 KEN GUTHRIE VICE PRESIDENT 1.00 X X 0 0 0 TODD WARREN SECRETARY 1.00 X X 0 0 0 BRYAN NELMS TREASURER 1.00 X X 0 0 0 TOMMY BUTLER DIRECTOR 1.00 X 0 0 0 VIRGINIA WEAVER DIRECTOR 1.00 X 0 0 0 KEVIN STARKS DIRECTOR 1.00 X 0 0 0 LESLIE THREADGILL EXECUTIVE DIRECTOR 40.00 X 126675 0 2838 126675 0 2838 1 0 0 0 0 17605 17605 8002 0 8002 8002 8002 6239162 5388795 850367 254617 595750 MISCELLANEOUS REVENUE 900099 68508 68508 68508 944482 262619 595750 86113 684616 684616 147476 99140 48336 8645 3458 5187 7825 5899 1926 41346 31133 10213 20508 15460 5048 8449 6881 1568 194 146 48 18664 14070 4594 7786 5870 1916 MISCELLANEOUS 280 211 69 945789 866884 78905 0 566290 625898 33201 23943 5705 3943 1196630 324594 909050 872036 85876 66438 1600122 1592258 13450 27048 83106 62948 96556 89996 X 1503566 1502262 1503566 1502262 1600122 1592258 -1307 0 X X 0 1 X 0 0 X 69470 67493 136963 7054653 4760690 6068871 5691800 6239162 29815176 7054653 4760690 6138341 5759293 6239162 29952139 0 0 0 29952139 18930 6415 254 -5670 25607 45536 18930 6415 254 -5670 25607 45536 77089 62201 59026 65133 263449 7150672 4829306 6197621 5818756 6264769 30261124 0.98980 0.98840 0.00150 0.00090 X 1019227 191832 827395 141021 125288 15733 36382 7474 28908 872036 OPERATING LEASE LIABLITY 62948 62948 X 1039935 95453 95453 944482 0 944482 1041242 95456 95456 945786 0 945786 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS OF STATE LAW. HOWEVER, THE ORGANIZATION IS REQUIRED TO PAY FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME WHICH CONSISTS OF VIDEO BINGO AND PULL-TAB REVENUE NET OF RELATED EXPENSES AND ALLOCATED PROGRAM EXPENDITURES. THE ORGANIZATION ALSO REPORTS DEFERRED INCOME TAXES ON TIMING DIFFERENCES BETWEEN INCOME TAX AND FINANCIAL STATEMENT INCOME AND EXPENSE. THE DEFERRED TAX ASSETS RESULT FROM UNRELATED BUSINESS INCOME TAX CARRYFORWARDS OF APPROXIMATELY $542,393 AT DECEMBER 31, 2023, AND $626,783 AT DECEMBER 31, 2022, AND ARE AVAILABLE TO OFFSET FUTURE TAXABLE INCOME. THESE CARRYFORWARDS EXPIRE BEGINNING IN 2035. THE ORGANIZATION HAS RECORDED DEFERRED TAX ASSETS OF $113,903 FOR 2023 AND $131,624 FOR 2022, AND REDUCED THESE ASSETS BY AN ALLOWANCE FOR UNRECOVERABLE DEFERRED TAX ASSETS OF $113,903 AND $131,624, RESPECTIVELY. MANAGEMENT OF THE ORGANIZATION BELIEVES THAT THE ORGANIZATION WILL NOT HAVE SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME IN FUTURE YEARS WHICH CANNOT BE OFFSET BY THE TAX LOSS CARRYFORWARDS. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED RELATED TO THE CURRENT YEAR AND THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 AND 2022, FOR WHICH LIABILITIES HAVE BEEN ESTABLISHED. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET EFFECT OF DIRECT EXPENSES DEDUCTED ON PAGE 9 PART VIII LINE 9B 95,453. PART XI, LINE 4B - OTHER ADJUSTMENTS: PAYCHECK PROTECTION PROGRAM - LOAN FORGIVEN PART XII, LINE 2D - OTHER ADJUSTMENTS: NET EFFECT OF DIRECT EXPENSES DEDUCTED ON PAGE 9 PART VIII LINE 9B 95,456. 3526884 2573078 699189 0 2712278 1852223 264305 0 6239162 4425301 963494 5388795 850367 MS 1 0 1 0 1.00000 LESLIE THREADGILL PO BOX 3343 RIDGELAND MS 39158 0 CYNTHIA K DILL 34663 PROVIDES GAMING MANAGEMENT SERVICES X 1 1 BUT GOD MINISTRIES 404 FONTAINE PLACE SUITE 104 RIDGELAND MS 39157 453146771 501(C)(3) 22500 0 FMV GENERAL ASSISTANCE CASA OF HANCOCK CO 644 DUNBAR AVENUE BAY ST LOUIS MS 39520 270278390 501(C)(3) 49100 0 FMV GENERAL ASSISTANCE COMMUNITY CARE NETWORK 7400 FOUNTAINBLEAU RD OCEAN SPRINGS MS 39564 830363648 501(C)(3) 44500 0 FMV GENERAL ASSISTANCE COMMUNITY OF CHRISTIANS PO BOX 1493 PICAYUNE MS 39466 640834938 501(C)(3) 38430 0 FMV GENERAL ASSISTANCE FAMILY RESOURCE CENTER OF NE MS 425 MAGAZINE ST TUPELO MS 38804 640895266 501(C)(3) 44730 0 FMV GENERAL ASSISTANCE REGIONAL REHABILITATION CENTER OF TUPELO 615 PEGRAM DRIVE TUPELO MS 38801 640413349 501(C)(3) 89087 0 FMV GENERAL ASSISTANCE SOUTHERN CHRISTIAN SERVICES 860 EAST RIVER PLACE SUITE 104 JACKSON MS 39202 640758344 501(C)(3) 31673 0 FMV GENERAL ASSISTANCE SUNNYBROOK CHILDREN'S HOME INC 222 SUNNYBROOK ROAD RIDGELAND MS 39157 640427465 501(C)(3) 37295 0 FMV GENERAL ASSISTANCE CHILDREN'S ADVOCACY CENTER 1675 LAKELAND DR JACKSON MS 39216 272541336 501(C)(3) 13000 0 FMV GENERAL ASSISTANCE HIS HEART INC 1300 W CAPITOL ST JACKSON MS 39203 470863992 501(C)(3) 42500 0 FMV GENERAL ASSISTANCE LITTLE LIGHTHOUSE PO BOX 13662 JACKSON MS 392363662 202805872 501(C)(3) 51500 0 FMV GENERAL ASSISTANCE CENTRAL MS DOWN SYNDROME SOCIETY 667 US-51 STE C RIDGELAND MS 39157 810623352 501(C)(3) 49400 0 FMV GENERAL ASSISTANCE HOPE HOLLOW MINISTRIES 910 CATLETT RD CANTON MS 39046 261570909 501(C)(3) 35448 0 FMV GENERAL ASSISTANCE MADCAAP 181 WATFORD PARK WAY DR CANTON MS 39046 640719803 501(C)(3) 47603 0 FMV GENERAL ASSISTANCE STEWPOT COMMUNITY SERVICES 1100 W CAPITOL ST JACKSON MS 39203 640655566 501(C)(3) 37500 0 FMV GENERAL ASSISTANCE WESLEY HOUSE COMMUNITY CENTER 1520 8TH AVE MERIDIAN MS 39301 591766786 501(C)(3) 29948 0 FMV GENERAL ASSISTANCE PART I, LINE 2: HIS WAY, INC. MAINTAINS A GRANT POLICY WHICH REQUIRES THE RECIPIENT CHARITY TO REPORT QUARTERLY ON THE STATUS OF THE PROJECT AND THE USE OF THE GRANT PROCEEDS. FURTHERMORE HIS WAY RESERVES THE RIGHT TO MAKE SITE VISITS, AUDIT CHARITY FILES, REQUEST RECEIPTS, REVIEW BANK STATEMENTS, AND REVIEW INTERNAL CONTROLS TO VERIFY THAT GRANT PROCEEDS ARE BEING USED IN ACCORDANCE WITH THEIR SPECIFIED PURPOSE. A FULL COPY OF HIS WAY'S GRANT POLICY CAN BE PROVIDED UPON REQUEST. X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS AND REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. A COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES) IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY. THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY REVIEW THE FORM 990, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 AND 990-T ARE SIGNED EITHER BY THE PRESIDENT OR TREASURER OF THE ORGANIZATION BOTH OF WHOM ARE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND THE EXECUTIVE DIRECTOR OF HIS WAY, INC. SIGN A CONFLICT OF INTEREST POLICY ANNUALY WHICH STATES THE FOLLOWING: IF ANY DIRECTOR IS AWARE OF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST BETWEEN THE INTERESTS OF HIS WAY, INC. AND HIS OR HER PERSONAL, FAMILY, FINANCIAL, POLITICAL, OR PROFESSIONAL INTERESTS, HE OR SHE SHALL DISCLOSE THIS CONFLICT OF INTEREST TO THE BOARD. IF A DIRECTOR HAS A CONFLICT OF INTEREST RELATING TO ANY MATTER UNDER CONSIDERATION FOR A DECISION BY THE BOARD OF DIRECTORS, HE OR SHE SHALL ABSTAIN FROM ANY VOTE, DISCUSSION (EXCEPT AS THE REMAINING BOARD DEEMS NECESSARY FOR INFORMATIONAL PURPOSED ONLY), OR ANY ATTEMPT TO INFLUENCE THE DECISION OF THE BOARD ON THAT MATTER. THE DIRECTOR MAY EXCUSE HIMSELF FROM THE MEETING DURING DISCUSSION AND VOTE ON ANY MATTER OF CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE NON-SALARIED DIRECTORS OF HIS WAY, INC. DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY BASED ON A CREDIBLE SALARY SURVEYING SOURCE. FORM 990, PART VI, SECTION C, LINE 19 HIS WAY, INC. OF RIDGELAND, MISSISSIPPI IS A PUBLIC CHARITY, RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3). AS SUCH, HIS WAY, INC. HONORS ALL REQUESTS FOR PUBLIC REVIEW AND INSPECTION OF THE FOLLOWING DOCUMENTS: ? FORM 990 ? ANNUAL INFORMATIONAL RETURN ? FORM 990T ? EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN ? IRS DETERMINATION LETTER HIS WAY, INC. RETAINS THE DISCRETION TO CHARGE REASONABLE FEES FOR DUPLICATION AND/OR MAILING OF ANY OF THESE DOCUMENTS WHEN SUCH REQUESTS ARE MADE. PART XII, LINE 2C: THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.