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← PROPEL EDUCATION FORUM OF MISSISSIPPI INC

Form 990 for tax year 2023

Filed by PROPEL EDUCATION FORUM OF MISSISSIPPI INC.

Totals

Total revenue
$504,163
Total expenses
$871,304
Contributions and grants received
$445,712
Grants paid
$0
Program service revenue
$42,687
Investment income
$15,764
Other revenue
$0
Total assets, end of year
$951,738
Total liabilities, end of year
$1,442,065
Net assets or fund balances, end of year
-$490,327
Program services expenses (Part IX)
$783,915
Management and general expenses
$69,356
Fundraising expenses
$18,033
Program service expenses (Part III)
$783,915

Program services were 90.0% 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

    $445,712

  • 2a · Program service revenue: EDUCATION CELEBRATION

    total $42,687 · related or exempt $42,687

  • 3 · Investment income

    total $15,460 · excluded $15,460

  • 7a · Gross sales of assets other than inventory

    securities $95,794

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

    securities $95,490

  • 7c · Gain or loss

    securities $304

  • 7d · Net gain or loss

    total $304 · related or exempt $304

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $16,929 · program services $5,643 · management and general $5,643 · fundraising $5,643

  • 7 · Other salaries and wages

    total $342,879 · program services $293,544 · management and general $40,859 · fundraising $8,476

  • 8 · Pension plan contributions

    total $21,316 · program services $17,315 · management and general $3,409 · fundraising $592

  • 9 · Other employee benefits

    total $15,577 · program services $11,212 · management and general $3,954 · fundraising $411

  • 10 · Payroll taxes

    total $26,118 · program services $21,693 · management and general $3,625 · fundraising $800

  • 11c · Fees: accounting

    total $23,451 · program services $19,900 · management and general $2,781 · fundraising $770

  • 11f · Fees: investment management

    total $4,242 · management and general $4,242

  • 11g · Fees: other

    total $249,208 · program services $249,208

  • 12 · Advertising and promotion

    total $2,500 · program services $2,500

  • 13 · Office expenses

    total $32,468 · program services $29,980 · management and general $1,948 · fundraising $540

  • 14 · Information technology

    total $9,477 · program services $7,986 · management and general $1,168 · fundraising $323

  • 16 · Occupancy

    total $14,232 · program services $12,282 · management and general $1,527 · fundraising $423

  • 17 · Travel

    total $21,548 · program services $21,548

  • 19 · Conferences, conventions and meetings

    total $89,887 · program services $89,887

  • 23 · Insurance

    total $1,472 · program services $1,217 · management and general $200 · fundraising $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $447,652 · end of year $433,613

  • 3 · Pledges and grants receivable

    beginning of year $37,500

  • 4 · Accounts receivable

    end of year $3,500

  • 8 · Inventories for sale or use

    beginning of year $45,164 · end of year $52,547

  • 11 · Investments: publicly traded securities

    beginning of year $482,406 · end of year $462,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,317 · end of year $4,395

  • 25 · Other liabilities

    beginning of year $1,164,515 · end of year $1,437,670

  • 27 · Net assets without donor restrictions

    beginning of year -$573,308 · end of year -$797,683

  • 28 · Net assets with donor restrictions

    beginning of year $418,198 · end of year $307,356

Mission and programs · 2023

Mission

THE ESTABLISHMENT OF A PERMANENT FORUM FOR THE CONSIDERATION OF MAJOR PUBLIC EDUCATION ISSUES IN MISSISSIPPI.

  • MISSISSIPPI SCHOLARS-PROGRAMS DESIGNED TO INCREASE THE PERCENTAGE OF HIGH SCHOOLS STUDENTS IN MISSISSIPPI WHO COMPLETE OR EXCEED THE U.S. SECRETARY OF EDUCATION'S DEFINITION OF SCHOLARS COURSE OF STUDY.THE FORUM ALSO PROVIDES A TECH MASTER PROGRAM WHICH WILL ENCOURAGE AND RECOGNIZE STUDENTS TO PURSUE AND MEET SPECIFIC STANDARDS IN A TECH-PREP COURSE OF STUDY.

    Expenses $188,188

  • ASCENT TO 55%- INITIATIVE TO INCREASE MISSISSIPPI'S CURRENT RATE OF POSTSECONDARY EDUCATION TO 55%.

    Expenses $297,233

  • STAR/EDUCATION CELEBRATION-RECOGNITION OF OUTSTANDING TEACHERS & STUDENTS AND ADVANCEMENT OF EDUCATION IN THE STATE.

    Expenses $196,022 · Revenue $42,687

  • DEVELOPMENT OF PRIVATE SECTOR SUPPORT FOR THE STATE BOARD OF EDUCATION'S STRATEGIC PLAN AND OTHER EDUCATIONAL NEEDS.

    Expenses $102,472

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John S Waller

    PRESIDENT &

    Total calculated
    $357,861
    From this org
    $16,338
    From related orgs
    $310,425
    Other
    $31,098
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $16,338 + $310,425 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,525
    Nontaxable benefits
    $9,573
    Filer's total
    $47,436 + $310,425 related

  • Vickie Powell

    SR VP-FOUNDA

    Total calculated
    $211,522
    From this org
    $170,499
    From related orgs
    $18,944
    Other
    $22,079
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $170,499 + $18,944 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,956
    Nontaxable benefits
    $9,123
    Filer's total
    $192,578 + $18,944 related

  • Dr Jacqueline Beasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Callahan

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Martha Cooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Duane Dewey

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Robert Leard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Suzette L Mathews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melanie Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Munn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tommy C Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cd Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alan Sudduth

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mitch Waycaster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tice White

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202530739349301553

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