Form 990 for tax year 2024
Filed by M B SWAYZE EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $416,072
- Total expenses
- $408,442
- Contributions and grants received
- $258,000
- Grants paid
- $0
- Program service revenue
- $157,643
- Investment income
- $429
- Other revenue
- $0
- Total assets, end of year
- $188,391
- Total liabilities, end of year
- $2,296,295
- Net assets or fund balances, end of year
- -$2,107,904
- Program services expenses (Part IX)
- $387,914
- Management and general expenses
- $14,966
- Fundraising expenses
- $5,562
- Program service expenses (Part III)
- $387,914
Program services were 95.0% 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.
-
1f · All other contributions, gifts and grants
$258,000
-
2a · Program service revenue: LEADERSHIP MS.
total $157,643 · related or exempt $157,643
-
3 · Investment income
total $429 · excluded $429
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $16,667 · program services $12,500 · fundraising $4,167
-
7 · Other salaries and wages
total $6,756 · management and general $6,756
-
8 · Pension plan contributions
total $379 · management and general $379
-
9 · Other employee benefits
total $412 · management and general $412
-
10 · Payroll taxes
total $1,313 · program services $597 · management and general $517 · fundraising $199
-
11c · Fees: accounting
total $10,853 · program services $9,621 · management and general $799 · fundraising $433
-
11g · Fees: other
total $199,073 · program services $199,073
-
12 · Advertising and promotion
total $2,925 · program services $2,593 · management and general $215 · fundraising $117
-
13 · Office expenses
total $12,413 · program services $6,842 · management and general $5,263 · fundraising $308
-
14 · Information technology
total $2,390 · program services $2,119 · management and general $176 · fundraising $95
-
16 · Occupancy
total $4,363 · program services $3,868 · management and general $321 · fundraising $174
-
19 · Conferences, conventions and meetings
total $149,160 · program services $149,160
-
23 · Insurance
total $1,738 · program services $1,541 · management and general $128 · fundraising $69
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $148,524 · end of year $177,731
-
2 · Savings and temporary cash investments
beginning of year $10,232 · end of year $10,660
-
4 · Accounts receivable
beginning of year $78,500
-
9 · Prepaid expenses and deferred charges
beginning of year $2,144
-
17 · Accounts payable and accrued expenses
beginning of year $31,382 · end of year $30,135
-
19 · Deferred revenue
beginning of year $103,600 · end of year $115,672
-
25 · Other liabilities
beginning of year $2,219,952 · end of year $2,150,488
-
27 · Net assets without donor restrictions
beginning of year -$2,143,179 · end of year -$2,236,476
-
28 · Net assets with donor restrictions
beginning of year $27,645 · end of year $128,572
Mission and programs · 2024
Mission
TO ENCOURAGE SUPPORT FOR QUALITY EDUCATION IN MISSISSIPPI; TO IDENTIFY, EDUCATE, AND MOTIVATE LEADERS WHO CAN MAKE A SIGNIFICANT CONTRIBUTION TO THE DEVELOPMENT OF MISSISSIPPI; AND TO CONDUCT INDEPENDENT PUBLIC POLICY RESEARCH ON ISSUES SUCH AS TAXATION , ECONOMIC DEVELOPMENT, COMPETITIVENESS, EDUCATION, GOVERNMENTAL ACCOUNTABILITY , AND OTHER MATTERS.
-
PUBLIC POLICY RESEARCH- ONE OF THE ORGANIZATION'S MISSIONS IS TO CONDUCT INDEPRENDENT PUBLIC POLICY RESEARCH ON ISSUES RELATED TO ECONOMIC DEVELOPMENT. DURING THE CURRENT YEAR, THE FOCUS WAS ON THE ESTABLISHMENT OF A SINGLE, NON-PROFIT ORGANIZATION TO FOCUS ON THE NEEDS OF MISSISSIPPI BUSINESSES AND ECONOMIC DEVELOPMENT.
Expenses $131,756 · Revenue $150,000
-
LEADERSHIP MISSISSIPPI-TRAINING OF BUSINESS LEADERS FOR FUTURE SERVICE TO MISSISSIPPI.
Expenses $256,158 · Revenue $157,643
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John S WallerJOHN S WALLER
PRESIDENT &
- Total calculated
- $340,276
- From this org
- $15,478
- From related orgs
- $294,082
- Other
- $30,716
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $15,478 + $294,082 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,716
- Nontaxable benefits
- not reported
- Filer's total
- $46,194 + $294,082 related
-
Danielle WilliamsDANIELLE WILLIAMS
DIRECTOR OF
- Total calculated
- $128,175
- From this org
- $5,639
- From related orgs
- $107,140
- Other
- $15,396
- Hours/week
- 2 + 38 related
-
Chris AndersonCHRIS ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christa BishopCHRISTA BISHOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jerome BrownJEROME BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris ChampionCHRIS CHAMPION
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Suresh ChanlaSURESH CHANLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matthew DavidsonMATTHEW DAVIDSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Sam DeanSAM DEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dave DennisDAVE DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William JacobsWILLIAM JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gifford OrmisGIFFORD ORMIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Victor TaylorVICTOR TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lea TurnipseedLEA TURNIPSEED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca Lee WiggsREBECCA LEE WIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rhea Williams-BishopRHEA WILLIAMS-BISHOP
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Max YatesMAX YATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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.
-
MS ECONOMIC COUNCIL
501C6 · TRADE ASSN · MS
Directly controlled by NA
-
PROPEL EDUCATION FORUM OF MS INC
501C3 · CHARITY · MS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 March 2026
- IRS schema version
- 2024v5.0
- Source object
- 202600709349301320
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