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← UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION.

Totals

Total revenue
$26,790,188
Total expenses
$12,071,547
Contributions and grants received
$21,197,951
Grants paid
$9,174,632
Program services expenses (Part IX)
$10,315,670
Management and general expenses
$1,458,107
Fundraising expenses
$297,770
Program service expenses (Part III)
$10,315,670

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STACE MERCIER

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $165,555
    From this org
    $136,502
    From related orgs
    $0
    Other
    $29,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,085
    Bonus
    $0
    Other
    $1,417
    Deferred
    $23,547
    Nontaxable benefits
    $5,506
    Filer's total
    $165,555

  • LESLEE SMITH

    CHIEF FINANCIAL OFFICER

    Total calculated
    $116,917
    From this org
    $86,829
    From related orgs
    $0
    Other
    $30,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $86,829
    Bonus
    $0
    Other
    $0
    Deferred
    $16,530
    Nontaxable benefits
    $13,558
    Filer's total
    $116,917

  • JENNIFER PAYNE

    MEMBER-AT-LARGE

    Total calculated
    $16,050
    From this org
    $16,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.55

  • JOE QUINLAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.68

  • CHRIS ANDERSON VICE PRES

    AND RESOURCE DEV. COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.49

  • WADE HOWK TREASURER

    AND FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.34

  • KELSEY RUSHING

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.53

  • REBECCA BOUDREAUX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.19

  • CARLEN CHESTANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.45

  • ALAN COATS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.72

  • LISA CONN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.31

  • BECKY COWART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.46

  • BEVERLY DALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.82

  • ROBERT DONNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.39

  • CINDY GADDIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.68

  • TOM GIBBENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33

  • KEVIN GILBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.13

  • CAROL JONES-RUSSELL

    POLICY AND BYLAWS COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.28

  • SCOTT LANEHART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.47

  • JOY LIGHTSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.39

  • VICKIE LOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.34

  • ADELE LYONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.45

  • KEITH MOONEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.55

  • OMAR NELSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • RHONDA PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • RODERICK POSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.47

  • TRACY POWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.53

  • CHUCK SCIANNA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.42

  • DEMARIO SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.41

  • STEVE STRICKLAND

    INVESTMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.81

  • EDWARD TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.24

  • ADALIUS THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.26

  • ALVIS WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.38

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 — 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

The filer's explanations (Part III)

PART I, LINE 3:
THE UNIVERSITY OF SOUTHERN MISSISSIPPI, AN UNRELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. THIS WAS LAST COMPLETED IN 2021.
PART II
THE UNIVERSITY OF SOUTHERN MISSISSIPPI, AN UNRELATED ORGANIZATION, PAID COMPENSATION TO: STACE MERCIER $135,085 BASE COMPENSATION $1,417 OTHER COMPENSATION $23,547 DEFERRED COMPENSATION $5,506 NONTAXABLE BENEFITS LESLEE SMITH $86,829 BASE COMPENSATION $16,530 DEFERRED COMPENSATION $13,558 NONTAXABLE BENEFITS

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443159349300529

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