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← MISSISSIPPI STATE UNIVERSITY ADVANCED RESEARCH AND DEVELOPMENT

Form 990 for tax year 2022

Filed by MISSISSIPPI STATE UNIVERSITY ADVANCED RESEARCH AND DEVELOPMENT.

Totals

Total revenue
$11,067,717
Total expenses
$11,066,521
Contributions and grants received
$11,023,199
Grants paid
$0
Program service revenue
$0
Investment income
$5,281
Other revenue
$39,237
Total assets, end of year
$353,058
Total liabilities, end of year
$287,150
Net assets or fund balances, end of year
$65,908
Program services expenses (Part IX)
$11,015,942
Management and general expenses
$50,579
Fundraising expenses
$0
Program service expenses (Part III)
$11,015,942

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $932,834

  • 1e · Government grants (contributions)

    $4,857

  • 1f · All other contributions, gifts and grants

    $10,085,508

  • 1g · Noncash contributions included above

    $10,083,108

  • 3 · Investment income

    total $5,281 · related or exempt $5,281

  • 11a · Other revenue: FEES ON SUBCONTRACTS

    total $34,837 · related or exempt $34,837

  • 11b · Other revenue: OTHER INCOME

    total $4,400 · related or exempt $4,400

  • 11e · Other revenue, total

    $39,237

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $18,353 · management and general $18,353

  • 9 · Other employee benefits

    total $5,678 · management and general $5,678

  • 11c · Fees: accounting

    total $15,886 · management and general $15,886

  • 20 · Interest

    total $36 · management and general $36

  • 23 · Insurance

    total $4,961 · management and general $4,961

  • 24a · Other expenses: LICENSES AND VEHICLE TO

    total $10,083,108 · program services $10,083,108

  • 24b · Other expenses: CONSULTANTS

    total $932,834 · program services $932,834

  • 24c · Other expenses: OTHER

    total $5,665 · management and general $5,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,781 · end of year $311,458

  • 4 · Accounts receivable

    beginning of year $73,000 · end of year $40,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,600 · end of year $1,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,000 · end of year $42,007

  • 19 · Deferred revenue

    end of year $245,143

  • 24 · Unsecured notes and loans payable

    beginning of year $5,403 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,266 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $64,712 · end of year $65,908

Mission and programs · 2022

Mission

ENCOURAGE & PROMOTE NEW TECHNOLOGIES & RESEARCH BY WORKING WITH BUSINESS, INDUSTRY AND MSU.

Activities or mission (Part I)

TO ENCOURAGE, PROMOTE, AND SUPPORT ACTIVITIES RELATED TO THE DEVELOPMENT OF NEW TECHNOLOGIES & RESEARCH THAT IS IN THE PUBLIC INTEREST IN ASSOCIATION WITH MISSISSIPPI STATE UNIVERSITY.

  • RESEARCH AND DEVELOPMENT PROGRAM EXPENSES TO DEVELOP ANDADMINISTER OPPORTUNITIES ARISING FROM RESEARCH ORTECHNOLOGICAL INNOVATIONS OF A SCIENTIFIC OR EDUCATIONAL NATURE AND TO PROMOTE ECONOMIC DEVELOPMENT.

    Expenses $11,015,942 · Revenue $44,518

As filed on the 2022 return.

Listed in Part VII

  • Don Zant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • David Shaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • John Rush

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jerry Toney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gray Swoope

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Mike Hainsey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Brian Useforge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Adam Murray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Marc McGee

    DIRECTOR

    Total calculated
    $184,185
    From this org
    $0
    From related orgs
    $184,185
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $184,185 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $184,185 related

  • Keith Coble

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Julie Jordan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Joan Lucas

    SECRETARY/GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202411209349301101

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