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← UNIVERSITY OF MISSISSIPPI EDUCATIONAL BUILDING CORPORATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF MISSISSIPPI EDUCATIONAL BUILDING CORPORATION.

Totals

Total revenue
$9,938,158
Total expenses
$9,417,474
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,643,422
Investment income
$1,294,736
Other revenue
$0
Total assets, end of year
$283,465,069
Total liabilities, end of year
$282,944,385
Net assets or fund balances, end of year
$520,684
Program services expenses (Part IX)
$9,417,474
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$9,417,474

Program services were 100.0% 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.

  • 2a · Program service revenue: PRINCIPAL & INTEREST ON REC.

    total $8,643,422 · related or exempt $8,643,422

  • 3 · Investment income

    total $1,294,736 · related or exempt $1,294,736

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $8,643,422 · program services $8,643,422

  • 24a · Other expenses: BOND ISSUANCE COSTS

    total $750,566 · program services $750,566

  • 24b · Other expenses: OTHER

    total $23,486 · program services $23,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $167,500 · end of year $167,595

  • 2 · Savings and temporary cash investments

    beginning of year $12 · end of year $26,269,791

  • 7 · Other notes and loans receivable

    beginning of year $219,715,884 · end of year $254,453,736

  • 15 · Other assets

    beginning of year $1,842,169 · end of year $2,573,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,842,169 · end of year $2,573,947

  • 20 · Tax-exempt bond liabilities

    beginning of year $186,073,204 · end of year $251,053,340

  • 23 · Secured mortgages and notes payable

    beginning of year $29,941,249 · end of year $25,832,913

  • 25 · Other liabilities

    beginning of year $3,868,943 · end of year $3,484,185

  • 29 · Capital stock, trust principal or current funds

    end of year $520,684

Mission and programs · 2022

Mission

TO ACQUIRE, CONSTRUCT, MAINTAIN, AND IMPROVE FACILITIES FOR USE BY THE UNIVERSITY OF MISSISSIPPI.

  • ACQUISITION, CONSTRUCTION, MAINTENANCE, AND IMPROVEMENTS OF FACILITIES FOR USE BY THE UNIVERSITY OF MISSISSIPPI.

    Expenses $9,417,474 · Revenue $8,643,422

As filed on the 2022 return.

Listed in Part VII

  • STEVEN HOLLEY

    PRESIDENT

    Total calculated
    $382,882
    From this org
    $0
    From related orgs
    $330,650
    Other
    $52,232
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $330,650 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $44,528 related
    Nontaxable benefits
    not reported + $7,704 related
    Filer's total
    not reported + $382,882 related

  • DAVID WHITCOMB

    SECRETARY

    Total calculated
    $330,961
    From this org
    $0
    From related orgs
    $282,592
    Other
    $48,369
    Hours/week
    1.5 + 38.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $282,592 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $45,424 related
    Nontaxable benefits
    not reported + $2,945 related
    Filer's total
    not reported + $330,961 related

  • PERRY SANSING

    SECRETARY

    Total calculated
    $255,332
    From this org
    $0
    From related orgs
    $207,037
    Other
    $48,295
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $207,037 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $37,800 related
    Nontaxable benefits
    not reported + $10,495 related
    Filer's total
    not reported + $255,332 related

  • JOY SHIDELER

    TREASURER

    Total calculated
    $212,401
    From this org
    $0
    From related orgs
    $177,865
    Other
    $34,536
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $177,865 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $31,480 related
    Nontaxable benefits
    not reported + $3,056 related
    Filer's total
    not reported + $212,401 related

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
9 November 2023
IRS schema version
2022v5.0
Source object
202313139349303476

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