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← COMMUNITY FOUNDATION FOR MISSISSIPPI

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION FOR MISSISSIPPI.

Totals

Total revenue
$15,122,630
Total expenses
$13,146,999
Contributions and grants received
$10,115,138
Grants paid
$6,667,931
Program service revenue
$0
Investment income
$4,766,107
Other revenue
$241,385
Total assets, end of year
$90,343,422
Total liabilities, end of year
$18,038,810
Net assets or fund balances, end of year
$72,304,612
Program services expenses (Part IX)
$12,846,877
Management and general expenses
$218,577
Fundraising expenses
$81,545
Program service expenses (Part III)
$12,846,877

Program services were 97.7% 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

    $10,115,138

  • 1g · Noncash contributions included above

    $1,147,427

  • 3 · Investment income

    total $3,266,645 · excluded $3,266,645

  • 7a · Gross sales of assets other than inventory

    securities $18,262,350

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

    securities $16,762,888

  • 7c · Gain or loss

    securities $1,499,462

  • 7d · Net gain or loss

    total $1,499,462 · related or exempt $1,499,462

  • 11a · Other revenue: ADMIN FEE FOR AGENCY

    total $127,997 · related or exempt $127,997

  • 11b · Other revenue: MISCELLANEOUS

    total $113,388 · excluded $113,388

  • 11e · Other revenue, total

    $241,385

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,494,071 · program services $6,494,071

  • 2 · Grants to domestic individuals

    total $173,860 · program services $173,860

  • 5 · Compensation of officers, directors and key employees

    total $245,600 · program services $201,995 · management and general $17,795 · fundraising $25,810

  • 7 · Other salaries and wages

    total $386,825 · program services $310,269 · management and general $51,772 · fundraising $24,784

  • 8 · Pension plan contributions

    total $18,949 · program services $15,349 · management and general $2,084 · fundraising $1,516

  • 9 · Other employee benefits

    total $93,906 · program services $76,064 · management and general $10,330 · fundraising $7,512

  • 10 · Payroll taxes

    total $48,943 · program services $39,644 · management and general $5,384 · fundraising $3,915

  • 11c · Fees: accounting

    total $88,664 · program services $4,433 · management and general $84,231

  • 11f · Fees: investment management

    total $270,443 · program services $270,443

  • 12 · Advertising and promotion

    total $38,499 · program services $32,339 · management and general $3,465 · fundraising $2,695

  • 13 · Office expenses

    total $11,703 · program services $9,421 · management and general $1,287 · fundraising $995

  • 16 · Occupancy

    total $47,644 · program services $23,822 · management and general $23,822

  • 19 · Conferences, conventions and meetings

    total $20,776 · program services $20,776

  • 22 · Depreciation, depletion and amortization

    total $11,066 · program services $9,295 · management and general $996 · fundraising $775

  • 23 · Insurance

    total $21,712 · program services $18,238 · management and general $1,954 · fundraising $1,520

  • 24a · Other expenses: PROGRAM EXPENSES

    total $4,990,080 · program services $4,990,080

  • 24b · Other expenses: SOFTWARE HOSTING

    total $57,630 · program services $48,409 · management and general $5,187 · fundraising $4,034

  • 24c · Other expenses: DONOR OUTREACH

    total $53,019 · program services $44,536 · management and general $4,772 · fundraising $3,711

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $19,582 · program services $16,449 · management and general $1,762 · fundraising $1,371

  • 24e · All other expenses

    total $54,027 · program services $47,384 · management and general $3,736 · fundraising $2,907

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,097,629 · end of year $869,836

  • 2 · Savings and temporary cash investments

    beginning of year $12,040,038 · end of year $6,953,512

  • 4 · Accounts receivable

    beginning of year $3,441,347 · end of year $2,961,381

  • 10a · Land, buildings and equipment: cost or other basis

    $182,109

  • 10b · Land, buildings and equipment: accumulated depreciation

    $146,711

  • 10c · Land, buildings and equipment, net

    beginning of year $28,760 · end of year $35,398

  • 11 · Investments: publicly traded securities

    beginning of year $70,187,976 · end of year $74,510,081

  • 12 · Investments: other securities

    beginning of year $2,054,361 · end of year $4,724,987

  • 15 · Other assets

    beginning of year $301,263 · end of year $288,227

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,710 · end of year $78,328

  • 19 · Deferred revenue

    end of year $55,000

  • 25 · Other liabilities

    beginning of year $16,039,779 · end of year $17,905,482

  • 27 · Net assets without donor restrictions

    beginning of year $34,735,105 · end of year $34,634,208

  • 28 · Net assets with donor restrictions

    beginning of year $38,373,780 · end of year $37,670,404

Mission and programs · 2024

Mission

WE CONNECT DONORS, COMMUNITIES, AND NON-PROFIT ORGANIZATIONS TO MAKE MEANINGFUL AND LASTING CHANGE FOR MISSISSIPPI, FOR GOOD, FOREVER.

Activities or mission (Part I)

THE FOUNDATION'S PRIMARY PURPOSE IS TO SERVE THE MISSISSIPPI AREA AS A COMMUNITY FOUNDATION.

  • THE FOUNDATION'S MISSION IS TO PROVIDE PHILANTHROPIC LEADERSHIP BY MEETING THE NEEDS OF THE REGION'S DONORS AND GRANT SEEKERS. IT ENCOURAGES DONATIONS FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

    Expenses $12,846,877 · Grants $6,667,931 · Revenue $1,627,459

As filed on the 2024 return.

Listed in Part VII

  • Deidra S Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Felicia D Gavin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Macy Hart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marcus Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Fields

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Hosemann

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Ray Harrigill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ravi Raju

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robbie Kemp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lurlene Irvin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Orlansky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Warwick Alley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Will Crossley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jeff Good

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Reed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Arnold Taylor Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jody Varner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judy Wiener

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane C Alexander

    PRESIDENT AND CEO

    Total calculated
    $167,035
    From this org
    $130,812
    From related orgs
    $0
    Other
    $36,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,812
    Bonus
    $0
    Other
    $0
    Deferred
    $4,051
    Nontaxable benefits
    $32,172
    Filer's total
    $167,035

  • Cynthia Buchanan

    VICE PRESIDENT OF OPERATIO

    Total calculated
    $124,799
    From this org
    $110,037
    From related orgs
    $0
    Other
    $14,762
    Hours/week
    40

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 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CFGJ PROPERTIES LLC

    TIMBER TRACT INVESTMENT · MS · income $7,996 · assets $2,316,347

    Directly controlled by COMMUNITY FOUNDATION FOR MISSISSIPPI

  • CFGJ PROPERTIES II LLC

    RESIDENTIAL RENTAL PROPERTY · MS · income $0 · assets $0

    Directly controlled by COMMUNITY FOUNDATION FOR MISSISSIPPI

Provenance

Return type
form_990
Tax year
2024
Filed
26 October 2025
IRS schema version
2024v5.2
Source object
202513019349300821

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