Form 990 for tax year 2023
Filed by COMMUNITY FOUNDATION FOR MISSISSIPPI.
Totals
- Total revenue
- $15,838,728
- Total expenses
- $15,782,051
- Contributions and grants received
- $11,844,511
- Grants paid
- $6,490,973
- Program service revenue
- $0
- Investment income
- $3,567,580
- Other revenue
- $426,637
- Total assets, end of year
- $89,151,374
- Total liabilities, end of year
- $16,042,489
- Net assets or fund balances, end of year
- $73,108,885
- Program services expenses (Part IX)
- $15,523,589
- Management and general expenses
- $191,720
- Fundraising expenses
- $66,742
- Program service expenses (Part III)
- $15,523,589
Program services were 98.4% 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.
-
1f · All other contributions, gifts and grants
$11,844,511
-
1g · Noncash contributions included above
$437,327
-
3 · Investment income
total $2,385,458 · excluded $2,385,458
-
7a · Gross sales of assets other than inventory
securities $18,125,950
-
7b · Less cost or other basis and sales expenses
securities $16,943,828
-
7c · Gain or loss
securities $1,182,122
-
7d · Net gain or loss
total $1,182,122 · related or exempt $1,182,122
-
11a · Other revenue: MISCELLANEOUS
total $316,509 · excluded $316,509
-
11b · Other revenue: ADMIN FEE FOR AGENCY
total $110,128 · related or exempt $110,128
-
11e · Other revenue, total
$426,637
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,375,723 · program services $6,375,723
-
2 · Grants to domestic individuals
total $115,250 · program services $115,250
-
5 · Compensation of officers, directors and key employees
total $220,625 · program services $181,833 · management and general $16,364 · fundraising $22,428
-
7 · Other salaries and wages
total $303,638 · program services $242,820 · management and general $41,305 · fundraising $19,513
-
8 · Pension plan contributions
total $15,728 · program services $12,740 · management and general $1,730 · fundraising $1,258
-
9 · Other employee benefits
total $69,998 · program services $56,698 · management and general $7,700 · fundraising $5,600
-
10 · Payroll taxes
total $38,652 · program services $31,308 · management and general $4,252 · fundraising $3,092
-
11c · Fees: accounting
total $81,797 · program services $4,090 · management and general $77,707
-
11f · Fees: investment management
total $224,157 · program services $224,157
-
12 · Advertising and promotion
total $27,218 · program services $22,863 · management and general $2,450 · fundraising $1,905
-
13 · Office expenses
total $11,262 · program services $9,066 · management and general $1,239 · fundraising $957
-
16 · Occupancy
total $47,120 · program services $23,560 · management and general $23,560
-
19 · Conferences, conventions and meetings
total $21,861 · program services $21,861
-
22 · Depreciation, depletion and amortization
total $14,471 · program services $12,156 · management and general $1,302 · fundraising $1,013
-
23 · Insurance
total $21,746 · program services $18,267 · management and general $1,957 · fundraising $1,522
-
24a · Other expenses: PROGRAM EXPENSES
total $8,047,805 · program services $8,047,805
-
24b · Other expenses: SOFTWARE HOSTING
total $54,891 · program services $46,109 · management and general $4,940 · fundraising $3,842
-
24c · Other expenses: DONOR OUTREACH
total $24,519 · program services $20,596 · management and general $2,207 · fundraising $1,716
-
24d · Other expenses: MEALS & ENTERTAINMENT
total $17,794 · program services $14,947 · management and general $1,601 · fundraising $1,246
-
24e · All other expenses
total $47,796 · program services $41,740 · management and general $3,406 · fundraising $2,650
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,897,569 · end of year $1,097,629
-
2 · Savings and temporary cash investments
beginning of year $12,011,812 · end of year $12,040,038
-
4 · Accounts receivable
beginning of year $3,916,876 · end of year $3,441,347
-
10a · Land, buildings and equipment: cost or other basis
$164,407
-
10b · Land, buildings and equipment: accumulated depreciation
$135,647
-
10c · Land, buildings and equipment, net
beginning of year $30,174 · end of year $28,760
-
11 · Investments: publicly traded securities
beginning of year $58,676,393 · end of year $70,187,976
-
12 · Investments: other securities
beginning of year $2,063,814 · end of year $2,054,361
-
15 · Other assets
beginning of year $331,983 · end of year $301,263
-
17 · Accounts payable and accrued expenses
beginning of year $83,341 · end of year $2,710
-
19 · Deferred revenue
beginning of year $25,000
-
25 · Other liabilities
beginning of year $12,267,430 · end of year $16,039,779
-
27 · Net assets without donor restrictions
beginning of year $32,635,480 · end of year $34,735,105
-
28 · Net assets with donor restrictions
beginning of year $34,917,370 · end of year $38,373,780
Mission and programs · 2023
Mission
WE CONNECT DONORS, COMMUNITIES, AND NON-PROFIT ORGANIZATIONS TO MAKE MEANINGFUL AND LASTING CHANGE FOR MISSISSIPPI, FOR GOOD, FOREVER.
Activities or mission (Part I)
THE FOUNDATION'S PRIMARY PURPOSE IS TO SERVE THE MISSISSIPPI AREA AS A COMMUNITY FOUNDATION.
-
THE FOUNDATION'S MISSION IS TO PROVIDE PHILANTHROPIC LEADERSHIP BY MEETING THE NEEDS OF THE REGION'S DONORS AND GRANT SEEKERS. IT ENCOURAGES DONATIONS FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.
Expenses $15,523,589 · Grants $6,490,973 · Revenue $1,292,250
As filed on the 2023 return.
Listed in Part VII
-
Cooper MorrisonCOOPER MORRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David PharrDAVID PHARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Debra McGeeDEBRA MCGEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Deidra S BellDEIDRA S BELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph E Varner IIIJOSEPH E VARNER III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph MossJOSEPH MOSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Felicia D GavinFELICIA D GAVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Macy HartMACY HART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marcus WardMARCUS WARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark FieldsMARK FIELDS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mark HosemannMARK HOSEMANN
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Ray HarrigillRAY HARRIGILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ravi RajuRAVI RAJU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robbie KempROBBIE KEMP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Seetha SrinivasanSEETHA SRINIVASAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lurlene IrvinLURLENE IRVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve OrlanskySTEVE ORLANSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Warwick AlleyWARWICK ALLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Will CrossleyWILL CROSSLEY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Jane C AlexanderJANE C ALEXANDER
PRESIDENT AND CEO
- Total calculated
- $149,650
- From this org
- $113,963
- From related orgs
- $0
- Other
- $35,687
- Hours/week
- 40
-
Cynthia BuchananCYNTHIA BUCHANAN
VICE PRESIDENT OF OPERATIONS
- Total calculated
- $121,605
- From this org
- $106,662
- From related orgs
- $0
- Other
- $14,943
- Hours/week
- 40
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.
Grants on this return
-
UNIVERSITY PRESS OF MISSISSIPPI
$648,131
GENERAL OPER SUPPORT
-
GENERAL OPER SUPPORT
-
UNIVERSITY OF MISSISSIPPI FOUNDATION
$462,000
GENERAL OPER SUPPORT
-
MISSISSIPPI SYMPHONY ORCHESTRA
$396,614
GENERAL OPER SUPPORT
-
CENTER FOR SOCIAL ENTREPRENEURSHIP
$308,300
GENERAL OPER SUPPORT
-
GENERAL OPER SUPPORT
-
$262,500
GENERAL OPER SUPPORT
-
MISSISSIPPI EARLY LEARNING ALLIANCE
$192,050
GENERAL OPER SUPPORT
-
$186,155
GENERAL OPER SUPPORT
-
$162,721
GENERAL OPER SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CFGJ PROPERTIES LLC
TIMBER TRACT INVESTMENT · MS · income $13,389 · assets $2,163,989
Directly controlled by COMMUNITY FOUNDATION FOR MISSISSIPPI
-
CFGJ PROPERTIES II LLC
RESIDENTIAL RENTAL PROPERTY · MS · income $0 · assets $0
Directly controlled by COMMUNITY FOUNDATION FOR MISSISSIPPI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423099349300892
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