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← PROPEL EDUCATION FORUM OF MISSISSIPPI INC

Form 990 for tax year 2024

Filed by PROPEL EDUCATION FORUM OF MISSISSIPPI INC.

Totals

Total revenue
$520,600
Total expenses
$760,191
Contributions and grants received
$486,750
Grants paid
$39,250
Program service revenue
$23,330
Investment income
$10,520
Other revenue
$0
Total assets, end of year
$1,014,795
Total liabilities, end of year
$1,719,015
Net assets or fund balances, end of year
-$704,220
Program services expenses (Part IX)
$670,179
Management and general expenses
$71,919
Fundraising expenses
$18,093
Program service expenses (Part III)
$670,179

Program services were 88.2% 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

    $486,750

  • 2a · Program service revenue: EDUCATION CELEBRATION

    total $23,180 · related or exempt $23,180

  • 2b · Program service revenue: CIVICS BEE

    total $150 · related or exempt $150

  • 3 · Investment income

    total $13,665 · excluded $13,665

  • 7a · Gross sales of assets other than inventory

    securities $170,941

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

    securities $174,086

  • 7c · Gain or loss

    securities -$3,145

  • 7d · Net gain or loss

    total -$3,145 · related or exempt -$3,145

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $39,250 · program services $39,250

  • 5 · Compensation of officers, directors and key employees

    total $16,667 · program services $5,556 · management and general $5,556 · fundraising $5,555

  • 7 · Other salaries and wages

    total $363,376 · program services $307,612 · management and general $46,935 · fundraising $8,829

  • 8 · Pension plan contributions

    total $25,343 · program services $21,455 · management and general $3,273 · fundraising $615

  • 9 · Other employee benefits

    total $15,278 · program services $12,859 · management and general $2,003 · fundraising $416

  • 10 · Payroll taxes

    total $27,920 · program services $23,063 · management and general $3,834 · fundraising $1,023

  • 11c · Fees: accounting

    total $14,248 · program services $12,291 · management and general $1,545 · fundraising $412

  • 11f · Fees: investment management

    total $4,121 · management and general $4,121

  • 11g · Fees: other

    total $112,584 · program services $112,584

  • 12 · Advertising and promotion

    total $12,233 · program services $12,233

  • 13 · Office expenses

    total $35,623 · program services $32,559 · management and general $2,418 · fundraising $646

  • 14 · Information technology

    total $5,570 · program services $4,949 · management and general $490 · fundraising $131

  • 16 · Occupancy

    total $13,604 · program services $11,759 · management and general $1,456 · fundraising $389

  • 17 · Travel

    total $8,864 · program services $8,864

  • 19 · Conferences, conventions and meetings

    total $63,415 · program services $63,415

  • 23 · Insurance

    total $2,095 · program services $1,730 · management and general $288 · fundraising $77

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,613 · end of year $328,464

  • 3 · Pledges and grants receivable

    end of year $145,500

  • 4 · Accounts receivable

    beginning of year $3,500 · end of year $8,500

  • 8 · Inventories for sale or use

    beginning of year $52,547 · end of year $38,159

  • 11 · Investments: publicly traded securities

    beginning of year $462,078 · end of year $494,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,395 · end of year $36,302

  • 25 · Other liabilities

    beginning of year $1,437,670 · end of year $1,682,713

  • 27 · Net assets without donor restrictions

    beginning of year -$797,683 · end of year -$1,033,997

  • 28 · Net assets with donor restrictions

    beginning of year $307,356 · end of year $329,777

Mission and programs · 2024

Mission

THE ESTABLISHMENT OF A PERMANENT FORUM FOR THE CONSIDERATION OF MAJOR EDUCATION AND WORKFORCE 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 $221,560

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

    Expenses $195,230 · Revenue $250,000

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

    Expenses $195,246 · Grants $39,250 · Revenue $23,180

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

    Expenses $58,143

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John S Waller

    PRESIDENT

    Total calculated
    $340,276
    From this org
    $15,478
    From related orgs
    $294,082
    Other
    $30,716
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $15,478 + $294,082 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,716
    Nontaxable benefits
    not reported
    Filer's total
    $46,194 + $294,082 related

  • Vickie Powell

    SR VP-FOUNDA

    Total calculated
    $221,832
    From this org
    $179,394
    From related orgs
    $19,933
    Other
    $22,505
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $179,394 + $19,933 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,505
    Nontaxable benefits
    not reported
    Filer's total
    $201,899 + $19,933 related

  • Dr Jacqueline Beasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Callahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Martha Cooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matthew Davidson

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Suzette L Mathews

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Bobby Morgan

    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

  • Eric Skaggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cd Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alan Sudduth

    CHAIRMAN

    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
2024
Filed
10 March 2026
IRS schema version
2024v5.0
Source object
202630709349301598

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