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Nonprofiteer
← MID-SOUTH SYNERGY CHARITABLE FOUNDATION INC

Form 990 for tax year 2024

Filed by MID-SOUTH SYNERGY CHARITABLE FOUNDATION INC.

Totals

Total revenue
$401,935
Total expenses
$152,743
Contributions and grants received
$357,581
Grants paid
$148,500
Program service revenue
$0
Investment income
$44,354
Other revenue
$0
Total assets, end of year
$1,024,104
Total liabilities, end of year
$2,857
Net assets or fund balances, end of year
$1,021,247
Program services expenses (Part IX)
$148,500
Management and general expenses
$4,243
Fundraising expenses
$0
Program service expenses (Part III)
$148,500

Program services were 97.2% 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

    $357,581

  • 3 · Investment income

    total $44,354 · excluded $44,354

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,000 · program services $96,000

  • 2 · Grants to domestic individuals

    total $52,500 · program services $52,500

  • 11c · Fees: accounting

    total $3,300 · management and general $3,300

  • 13 · Office expenses

    total $943 · management and general $943

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $719,616 · end of year $976,368

  • 3 · Pledges and grants receivable

    beginning of year $52,725 · end of year $47,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $286 · end of year $2,857

  • 27 · Net assets without donor restrictions

    beginning of year $772,055 · end of year $1,021,247

Mission and programs · 2024

Mission

TO AWARD SCHOLARSHIPS TO MEMBERS OF MID-SOUTH ELECTRIC COOPERATIVE AND ASSIST THE LOW INCOME AND NEEDY.

Activities or mission (Part I)

AWARD SCHOLARSHIPS TO MEMBERS OF MID-SOUTH ELECTRIC COOPERATIVE AND ASSIST THE LOW INCOME AND NEEDY.

  • DURING 2024 THE FOUNDATION GRANTED $148,500. THE FOUNDATION AWARDED $96,000 IN GRANTS TO 10 LOCAL CHARITIES AND FOOD BANKS, AND 36 $1,000 TO $1,500 COLLEGE SCHOLARSHIPS TOTALING $52,500.

    Expenses $148,500 · Grants $148,500

As filed on the 2024 return.

Listed in Part VII

  • Kerry Kelton

    PRESIDENT

    Total calculated
    $761,588
    From this org
    $0
    From related orgs
    $614,126
    Other
    $147,462
    Hours/week
    1 + 75 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,636 related
    Bonus
    $0 + $25,527 related
    Other
    $0 + $174,963 related
    Deferred
    $0 + $115,346 related
    Nontaxable benefits
    $0 + $32,116 related
    Filer's total
    $0 + $761,588 related

  • Mike McDougald

    VICE PRESIDENT

    Total calculated
    $491,607
    From this org
    $0
    From related orgs
    $379,681
    Other
    $111,926
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,659 related
    Bonus
    $0 + $18,564 related
    Other
    $0 + $66,458 related
    Deferred
    $0 + $79,823 related
    Nontaxable benefits
    $0 + $32,103 related
    Filer's total
    $0 + $491,607 related

  • Andrew Dallmeyer

    SECRETARY

    Total calculated
    $487,984
    From this org
    $0
    From related orgs
    $396,182
    Other
    $91,802
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,798 related
    Bonus
    $0 + $18,545 related
    Other
    $0 + $88,839 related
    Deferred
    $0 + $58,202 related
    Nontaxable benefits
    $0 + $33,600 related
    Filer's total
    $0 + $487,984 related

  • Marshall Shirley

    CHAIRMAN

    Total calculated
    $32,761
    From this org
    $0
    From related orgs
    $32,761
    Other
    $0
    Hours/week
    1 + 9.9 related

  • James Morrison

    DIRECTOR

    Total calculated
    $17,844
    From this org
    $0
    From related orgs
    $17,844
    Other
    $0
    Hours/week
    1 + 5.4 related

  • Steve Driver

    DIRECTOR

    Total calculated
    $29,798
    From this org
    $0
    From related orgs
    $29,798
    Other
    $0
    Hours/week
    1 + 9.2 related

  • Dennis McWhorter

    DIRECTOR

    Total calculated
    $24,049
    From this org
    $0
    From related orgs
    $24,049
    Other
    $0
    Hours/week
    1 + 6.5 related

  • Paul Malek

    DIRECTOR

    Total calculated
    $14,872
    From this org
    $0
    From related orgs
    $14,872
    Other
    $0
    Hours/week
    1 + 4.1 related

  • Russel Watson

    DIRECTOR

    Total calculated
    $20,952
    From this org
    $0
    From related orgs
    $20,952
    Other
    $0
    Hours/week
    1 + 5.7 related

  • Kenneth McDougald

    DIRECTOR

    Total calculated
    $12,403
    From this org
    $0
    From related orgs
    $12,403
    Other
    $0
    Hours/week
    1 + 2.7 related

  • Aimee Pavelock

    DIRECTOR

    Total calculated
    $15,288
    From this org
    $0
    From related orgs
    $15,288
    Other
    $0
    Hours/week
    1 + 4.7 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

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II
ALL COMPENSATION REPORTED ON SCHEDULE J PART II IS RELATED TO THE DIRECTORS EMPLOYMENT WITH MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION. PER THE BY-LAWS NO DIRECTOR OR MEMBER OF ANY COMMMITTEE OF THE BOARD MAY BE PAID COMPENSATION FOR HIS/HER SERVICE AS A DIRECTOR OR COMMITTEE MEMBER OF THE FOUNDATION.

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

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
2024
Filed
9 September 2025
IRS schema version
2024v5.2
Source object
202513039349303051

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