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Nonprofiteer
← MISSISSIPPI MUSEUM OF ART FOUNDATION

Form 990 for tax year 2022

Filed by MISSISSIPPI MUSEUM OF ART FOUNDATION.

Totals

Total revenue
$522,162
Total expenses
$261,519
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$522,162
Other revenue
$0
Total assets, end of year
$6,994,950
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,994,950
Program services expenses (Part IX)
$261,519
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$261,519

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.

  • 4 · Income from investment of tax-exempt bond proceeds

    total $128,418 · excluded $128,418

  • 7a · Gross sales of assets other than inventory

    securities $1,239,042

  • 7b · Less cost or other basis and sales expenses

    securities $845,298

  • 7c · Gain or loss

    securities $393,744

  • 7d · Net gain or loss

    total $393,744 · related or exempt $393,744

Functional expenses

Part IX, the statement of functional expenses.

  • 21 · Payments to affiliates

    total $261,519 · program services $261,519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,157 · end of year $105,638

  • 11 · Investments: publicly traded securities

    beginning of year $5,221,726 · end of year $5,644,312

  • 15 · Other assets

    beginning of year $1,245,000 · end of year $1,245,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,248,971 · end of year $4,452,056

  • 28 · Net assets with donor restrictions

    beginning of year $2,393,912 · end of year $2,542,894

Mission and programs · 2022

Mission

DEVELOPMENT OF CULTURAL AND ARTISTIC ENLIGHTENMENT

Activities or mission (Part I)

CULTURAL AND ARTISTIC ENLIGHTENMENT

  • CULTURAL AND ARTISTIC ENLIGHTENMENT

    Expenses $261,519

As filed on the 2022 return.

Listed in Part VII

  • Elee Reeves

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Brad Maley

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Jonathan Rogers

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Julius Ridgway

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Donna Bruce

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Chrsty Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Deidra Bell

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Betsy Bradley

    EXEC DIR - MUSEUM

    Total calculated
    $309,326
    From this org
    $0
    From related orgs
    $269,235
    Other
    $40,091
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,235 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,091 related
    Filer's total
    $0 + $309,326 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
6 February 2024
IRS schema version
2022v5.0
Source object
202400389349300700

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