Form 990 for tax year 2023
Filed by COMMUNITY FOUNDATION OF NORTHWEST MISSISSIPPI INC.
Totals
- Total revenue
- $8,149,861
- Total expenses
- $6,118,916
- Contributions and grants received
- $5,910,486
- Grants paid
- $4,022,650
- Program service revenue
- $618,508
- Investment income
- $1,487,575
- Other revenue
- $133,292
- Total assets, end of year
- $43,406,514
- Total liabilities, end of year
- $3,023,511
- Net assets or fund balances, end of year
- $40,383,003
- Program services expenses (Part IX)
- $5,791,144
- Management and general expenses
- $167,119
- Fundraising expenses
- $160,653
- Program service expenses (Part III)
- $5,791,144
Program services were 94.6% 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
$5,910,486
-
1g · Noncash contributions included above
$1,022,336
-
2a · Program service revenue: ADMINISTRATIVE FEES
total $359,638 · related or exempt $359,638
-
2b · Program service revenue: MISCELLANEOUS
total $258,870 · related or exempt $258,870
-
3 · Investment income
total $1,171,524 · excluded $1,171,524
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,876,868 · other assets $17,236
-
7b · Less cost or other basis and sales expenses
securities $1,553,648 · other assets $24,405
-
7c · Gain or loss
securities $323,220 · other assets -$7,169
-
7d · Net gain or loss
total $316,051 · excluded $316,051
-
8a · Fundraising events: gross income
$411,070
-
8b · Fundraising events: direct expenses
$277,778
-
8c · Net income from fundraising events
total $133,292 · excluded $133,292
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,971,930 · program services $3,971,930
-
2 · Grants to domestic individuals
total $50,720 · program services $50,720
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $185,000 · program services $121,026 · management and general $31,987 · fundraising $31,987
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $331,666 · program services $215,974 · management and general $57,846 · fundraising $57,846
-
8 · Pension plan contributions
total $13,570 · program services $8,142 · management and general $2,714 · fundraising $2,714
-
9 · Other employee benefits
total $84,470 · program services $53,896 · management and general $15,287 · fundraising $15,287
-
10 · Payroll taxes
total $39,795 · program services $25,965 · management and general $6,915 · fundraising $6,915
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $26,994 · program services $18,196 · management and general $4,399 · fundraising $4,399
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $48,564 · program services $29,138 · management and general $9,713 · fundraising $9,713
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $174 · program services $104 · management and general $35 · fundraising $35
-
13 · Office expenses
total $35,905 · program services $21,543 · management and general $7,181 · fundraising $7,181
-
14 · Information technology
total $34,876 · program services $20,926 · management and general $6,975 · fundraising $6,975
-
15 · Royalties
total $0
-
16 · Occupancy
total $35,535 · program services $22,851 · management and general $6,342 · fundraising $6,342
-
17 · Travel
total $23,047 · program services $17,255 · management and general $2,897 · fundraising $2,895
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,187 · management and general $4,187
-
23 · Insurance
total $13,904 · program services $8,342 · management and general $2,781 · fundraising $2,781
-
24a · Other expenses: PROGRAM ACTIVITIES
total $1,178,535 · program services $1,178,535
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $13,473 · program services $8,229 · management and general $2,622 · fundraising $2,622
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $11,487 · program services $9,210 · management and general $2,277
-
24d · Other expenses: BANK CHARGES
total $5,051 · program services $3,031 · management and general $1,010 · fundraising $1,010
-
24e · All other expenses
total $10,033 · program services $6,131 · management and general $1,951 · fundraising $1,951
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $25 · end of year $25
-
2 · Savings and temporary cash investments
beginning of year $12,116,889 · end of year $14,046,313
-
3 · Pledges and grants receivable
end of year $750,000
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$26,153
-
10b · Land, buildings and equipment: accumulated depreciation
$11,752
-
10c · Land, buildings and equipment, net
beginning of year $7,384 · end of year $14,401
-
11 · Investments: publicly traded securities
beginning of year $23,641,213 · end of year $26,822,087
-
12 · Investments: other securities
beginning of year $146,467 · end of year $122,062
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,761,236 · end of year $1,651,626
-
17 · Accounts payable and accrued expenses
beginning of year $32,162 · end of year $6,198
-
19 · Deferred revenue
end of year $750,000
-
25 · Other liabilities
beginning of year $1,966,658 · end of year $2,267,313
-
27 · Net assets without donor restrictions
beginning of year $33,913,158 · end of year $38,818,191
-
28 · Net assets with donor restrictions
beginning of year $1,761,236 · end of year $1,564,812
Mission and programs · 2023
Mission
CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER BY PROVIDING RESOURCES AND LEADERSHIP TO THE CITIZENS AND NONPROFIT ORGANIZATIONS IN PRIMARILY AN 11-COUNTY AREA OF NORTHWEST MISSISSIPPI.
Activities or mission (Part I)
CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER BY PROVIDING RESOURCES AND LEADERSHIP TO THE CITIZENS AND NONPROFIT ORGANIZATIONS IN PRIMARILY AN 11-COUNTY AREA OF NORTHWEST MISSISSIPPI; PROVIDING A FLEXIBLE, TAX-DEDUCTIBLE VEHICLE TO MEET THE NEEDS OF DONORS AND RECIPIENTS.
-
The Foundation's primary program was THE ESTABLISHMENT OF PERMANENTLY ENDOWED FUNDS AMONG INDIVIDUALS, FAMILIES, CORPORATIONS AND OTHER FOUNDATIONS FOR THE PURPOSE OF MAKING GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS IN ORDER TO MAKE POSITIVE CHANGE IN THE QUALITY OF LIFE PRIMARILY IN NORTHWEST MISSISSIPPI.
Expenses $4,907,971 · Grants $3,455,309
-
THE FOUNDATION'S SECOND LARGEST PROGRAM WAS WORKFORCE DEVELOPMENT. THE INITIATIVE HELPED TO INCREASE ECONOMIC EQUITY FOR LOW-WEALTH COMMUNITIES BY BUILDING ACCESS TO LIVING WAGE EMPLOMENT/ENTREPRENEURSHIP SKILLS AND DEVELOPING A WORKFORCE PARTNERSHIP IN SUNFLOWER COUNTY.
Expenses $742,804 · Grants $429,822
-
THE FOUNDATION'S THIRD LARGEST PROGRAM WAS FEED NORTHWEST MISSISSIPPI. THE COVID-19 PANDEMIC INCREASED THE NUMBER OF CHILDREN WHO ARE IDENTIFIED AS FOOD INSECURE IN NORTHWEST MISSISSIPPI. THE INITIATIVE BEGAN TO HELP PROVIDE FOOD TO PUBLIC SCHOOL CHILDREN WHO LOST ACCESS TO BREAKFAST AND LUNCH. GRANTS WERE MADE TO FOOD PANTRIES AND NON-PROFITS FOR THE PURCHASE OF FOOD, PALLET JACKS, FORKLIFTS, FREEZERS, DELIVERY VANS, AND OTHER ITEMS IN SUPPORT OF COMBATTING FOOD INSECURITY,
Expenses $140,369 · Grants $137,519
As filed on the 2023 return.
Listed in Part VII
-
Keith FulcherKEITH FULCHER
President & CEO
- Total calculated
- $135,000
- From this org
- $135,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Tom PittmanTOM PITTMAN
PRES EMERITUS
- Total calculated
- $50,000
- From this org
- $50,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Lisa MeltonLISA MELTON
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Cindy GordonCINDY GORDON
Director
- Total calculated
- $0
- Hours/week
- 5
-
Will BrownWILL BROWN
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Cynthia Pride GleetonCYNTHIA PRIDE GLEETON
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Kirkwood H McClintockKIRKWOOD H MCCLINTOCK
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Mickey AldridgeMICKEY ALDRIDGE
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
John Rodgers BrashierJOHN RODGERS BRASHIER
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Mimi MehrleMIMI MEHRLE
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Ann H LamarANN H LAMAR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Jack NicholsJACK NICHOLS
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Billy MyersBILLY MYERS
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Mary ThompsonMARY THOMPSON
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Toya Brooks PrideTOYA BROOKS PRIDE
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Becky NowellBECKY NOWELL
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael ParkerMICHAEL PARKER
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Julia Mitchener TurnipseedJULIA MITCHENER TURNIPSEED
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Robin HurdleROBIN HURDLE
Director
- Total calculated
- $0
- Hours/week
- 5
-
Linda TurnerLINDA TURNER
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Colie SanfordCOLIE SANFORD
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ravonda Griffin WillisRAVONDA GRIFFIN WILLIS
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Becky BeardBECKY BEARD
Treasurer
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
-
LONGVIEW POINT BAPT CHURCH
$1,085,000
CHURCH BUILDING FUND
-
$329,590
GENERAL SUPPORT
-
$298,000
COMMUNITY DEVELOPMENT
-
$250,000
EDUCATION
-
UNIVERSITY OF MS MEDICAL CENT
$133,000
HEALTH SERVICES
-
$130,000
MINISTRY
-
ST ANDREWS EPISCOPAL CATHEDR
$110,000
GENERAL SUPPORT FOR CATHERDRAL
-
$100,000
HUMAN SERVICES
-
$97,000
GENERAL SUPPORT
-
$79,184
HEALTH SERVICES
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349303024
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