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← UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION.

Totals

Total revenue
$17,712,238
Total expenses
$12,862,991
Contributions and grants received
$14,389,191
Grants paid
$8,889,935
Program services expenses (Part IX)
$10,750,416
Management and general expenses
$1,600,844
Fundraising expenses
$511,731
Program service expenses (Part III)
$10,750,416

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STACE MERCIER

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $160,931
    From this org
    $132,856
    From related orgs
    $0
    Other
    $28,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,172
    Bonus
    $0
    Other
    $1,684
    Deferred
    $22,866
    Nontaxable benefits
    $5,209
    Filer's total
    $160,931

  • LESLEE SMITH

    CHIEF FINANCIAL OFFICER

    Total calculated
    $111,972
    From this org
    $82,275
    From related orgs
    $0
    Other
    $29,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $82,275
    Bonus
    $0
    Other
    $0
    Deferred
    $15,843
    Nontaxable benefits
    $13,854
    Filer's total
    $111,972

  • JENNIFER PAYNE

    MEMBER-AT-LARGE

    Total calculated
    $14,700
    From this org
    $14,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.46

  • KELSEY RUSHING

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.38

  • JOE QUINLAN

    VICE PRESIDENT AND RDC CHAIR

    Total calculated
    $0
    Hours/week
    0.61

  • SHONNA BROWN

    TREASURER AND FIN. COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.39

  • LOUIE EHRLICH

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.62

  • REED ALLISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.56

  • CHRIS ANDERSON

    POLICY AND BYLAWS COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.42

  • REBECCA BOUDREAUX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.11

  • CARLEN CHESTANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • ALAN COATS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • LISA CONN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.11

  • BECKY COWART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.36

  • BEVERLY DALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.36

  • ROBERT DONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.37

  • TOM GIBBENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • KEVIN GILBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.21

  • WADE HOWK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • CAROL JONES-RUSSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.22

  • JOY LIGHTSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • VICKIE LOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • ADELE LYONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.26

  • KEITH MOONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.46

  • OMAR NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.27

  • EDDIE PEASANT

    DIRECTOR (THROUGH JULY 2022)

    Total calculated
    $0
    Hours/week
    0

  • RHONDA PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12

  • RODERICK POSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.39

  • TRACY POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.42

  • CHUCK SCIANNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DEMARIO SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.11

  • STEVE STRICKLAND

    INVESTMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.63

  • SUZANNE SWINK

    DIRECTOR (THROUGH DECEMBER 2022)

    Total calculated
    $0
    Hours/week
    0

  • ADALIUS THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.26

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 — 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)

PART I, LINE 3:
THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A RELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. THIS WAS LAST COMPLETED IN 2021.
PART II
THE UNIVERSITY OF SOUTHERN MISSISSIPPI, AN UNRELATED ORGANIZATION, PAID COMPENSATION TO: STACE MERCIER $131,172 BASE COMPENSATION $1,684 OTHER COMPENSATION $22,866 DEFERRED COMPENSATION $5,209 NONTAXABLE BENEFITS LESLEE SMITH $82,275 BASE COMPENSATION $15,843 DEFERRED COMPENSATION $13,854 NONTAXABLE BENEFITS

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

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333179349312553

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