Form 990 for tax year 2023
Filed by UNIVERSITY OF MISSISSIPPI FOUNDATION.
Totals
- Total revenue
- $101,913,234
- Total expenses
- $53,310,971
- Contributions and grants received
- $53,389,455
- Grants paid
- $45,492,749
- Program service revenue
- $2,646,332
- Investment income
- $45,395,257
- Other revenue
- $482,190
- Total assets, end of year
- $824,349,490
- Total liabilities, end of year
- $37,337,520
- Net assets or fund balances, end of year
- $787,011,970
- Program services expenses (Part IX)
- $47,054,565
- Management and general expenses
- $3,293,090
- Fundraising expenses
- $2,963,316
- Program service expenses (Part III)
- $47,054,565
Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
WENDELL W WEAKLEY
PRESIDENT/CEO
- Total calculated
- $399,924
- From this org
- $323,414
- From related orgs
- $0
- Other
- $76,510
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $323,414
- Bonus
- $0
- Other
- $0
- Deferred
- $52,209
- Nontaxable benefits
- $24,301
- Filer's total
- $399,924
-
JOHN W BARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
RAYMOND L BROWN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
LAMPKIN H BUTTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
DON B CANNADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
W HUNTER CARPENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
MARY SUSAN GALLIEN CLINTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
LEON COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
ARTHUR M EDWARDS III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
ROSE J FLENORL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
T MICHAEL GLENN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
CHRISTOPHER L HALEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
EDWARD A KREI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
ROBERT H LAMPTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
C MATTHEW LUSCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
PATRICIA P MCCLURE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
JOHNNY P MCRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
KAREN B MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
CHARLES W NICHOLSON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
WILFORD A PAYNE III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
ELIZABETH J RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
WILLIAM N REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
LEIGH ANNE TUOHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
BRUCE E WARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
ROBERT L WARNER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
CHARLES WHITE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
BRENT W WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
WILLIAM D YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
GERALD M ABDALLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
MORROW BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
DEAN J DOUGLAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
WILLIAM M HEREFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
JEFFREY P HUBBARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
JONATHAN BO JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
WILLIAM MICHAEL MCDONALD SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
CHARLES S O'MARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
SUZAN B THAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01
-
MAGGIE E ABERNATHY
TREASURER/CFO
- Total calculated
- $229,623
- From this org
- $188,302
- From related orgs
- $0
- Other
- $41,321
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,302
- Bonus
- $0
- Other
- $0
- Deferred
- $32,756
- Nontaxable benefits
- $8,565
- Filer's total
- $229,623
-
ANNA M LANGLEY
VICE PRESIDENT/SECRETARY
- Total calculated
- $203,171
- From this org
- $165,765
- From related orgs
- $0
- Other
- $37,406
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,765
- Bonus
- $0
- Other
- $0
- Deferred
- $28,841
- Nontaxable benefits
- $8,565
- Filer's total
- $203,171
-
LANCE FELKER
DIRECTOR OF IT
- Total calculated
- $163,604
- From this org
- $132,250
- From related orgs
- $0
- Other
- $31,354
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,250
- Bonus
- $0
- Other
- $0
- Deferred
- $23,012
- Nontaxable benefits
- $8,342
- Filer's total
- $163,604
-
CHRISTI BLAND
DIRECTOR OF ENDOWMENT
- Total calculated
- $130,230
- From this org
- $104,000
- From related orgs
- $0
- Other
- $26,230
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- IN ORDER TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S PRESIDENT/CEO, PROPOSED ADJUSTMENTS, IF ANY, ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR INDIVIDUAL APPROVAL. THE FOUNDATION COMPARES THE SALARIES TO COMPARABLE POSITIONS AT THE UNIVERSITY TO DETERMINE ANY LARGE DISPARITIES OR DISCREPANCIES. ADDITIONALLY, THE FOUNDATION HAS A SALARY SURVEY PERFORMED BY A 3RD PARTY FOR UPPER MANAGEMENT TO ENSURE COMPENSATION IS IN LINE WITH OTHER PEER FOUNDATIONS.
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
-
$34,381,732
SEE PART IV
-
UNIVERSITY OF MISS MEDICAL CENTER
$5,471,158
SEE PART IV
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.
-
501(C)(3) · FUNDRAISING · MS · controlled entity
Directly controlled by UMF
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.
-
UNIV OF MISS FOUNDATION REALTY LLC
REAL ESTATE · MS · income $0 · assets $225,000
Directly controlled by UMF
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER UNITRUST (5)
T · TRUST · MS
Directly controlled by UMF
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349304833
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.