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Nonprofiteer
← M B SWAYZE EDUCATIONAL FOUNDATION

Form 990 for tax year 2022

Filed by M B SWAYZE EDUCATIONAL FOUNDATION.

Totals

Total revenue
$433,738
Total expenses
$649,013
Contributions and grants received
$274,370
Grants paid
$168,069
Program service revenue
$159,365
Investment income
$3
Other revenue
$0
Total assets, end of year
$196,686
Total liabilities, end of year
$2,309,982
Net assets or fund balances, end of year
-$2,113,296
Program services expenses (Part IX)
$598,057
Management and general expenses
$36,134
Fundraising expenses
$14,822
Program service expenses (Part III)
$598,057

Program services were 92.1% 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

    $274,370

  • 2a · Program service revenue: LEADERSHIP MS.

    total $131,325 · related or exempt $131,325

  • 2b · Program service revenue: EDUCATION CELEBRATION-SPON

    total $28,040 · excluded $28,040

  • 3 · Investment income

    total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $137,069 · program services $137,069

  • 2 · Grants to domestic individuals

    total $31,000 · program services $31,000

  • 5 · Compensation of officers, directors and key employees

    total $16,637 · program services $16,637

  • 7 · Other salaries and wages

    total $174,052 · program services $146,154 · management and general $17,035 · fundraising $10,863

  • 8 · Pension plan contributions

    total $12,183 · program services $10,231 · management and general $1,192 · fundraising $760

  • 9 · Other employee benefits

    total $9,468 · program services $8,005 · management and general $893 · fundraising $570

  • 10 · Payroll taxes

    total $12,928 · program services $11,022 · management and general $1,164 · fundraising $742

  • 11c · Fees: accounting

    total $9,012 · program services $7,684 · management and general $811 · fundraising $517

  • 11g · Fees: other

    total $13,226 · program services $6,613 · management and general $6,613

  • 13 · Office expenses

    total $16,638 · program services $8,832 · management and general $7,211 · fundraising $595

  • 14 · Information technology

    total $5,502 · program services $4,691 · management and general $495 · fundraising $316

  • 16 · Occupancy

    total $6,495 · program services $5,537 · management and general $585 · fundraising $373

  • 19 · Conferences, conventions and meetings

    total $203,304 · program services $203,304

  • 23 · Insurance

    total $1,499 · program services $1,278 · management and general $135 · fundraising $86

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $175,861 · end of year $111,458

  • 2 · Savings and temporary cash investments

    beginning of year $10,223 · end of year $10,228

  • 4 · Accounts receivable

    beginning of year $83,700 · end of year $75,000

  • 11 · Investments: publicly traded securities

    beginning of year $65

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,467 · end of year $50,674

  • 19 · Deferred revenue

    beginning of year $76,800 · end of year $70,075

  • 25 · Other liabilities

    beginning of year $2,059,538 · end of year $2,189,233

  • 27 · Net assets without donor restrictions

    beginning of year -$1,925,601 · end of year -$2,140,941

  • 28 · Net assets with donor restrictions

    beginning of year $27,645 · end of year $27,645

Mission and programs · 2022

Mission

TO ENCOURAGE SUPPORT FOR QUALITY EDUCATION IN MISSISSIPPI; TO IDENTIFY, EDUCATE, AND MOTIVATE LEADERS WHO CAN MAKE A SIGNIFICANT CONTRIBUTION TO THE DEVELOPMENT OF MISSISSIPPI; AND TO CONDUCT INDEPENDENT PUBLIC POLICY RESEARCH ON ISSUES SUCH AS TAXATION , ECONOMIC DEVELOPMENT, COMPETITIVENESS, EDUCATION, GOVERNMENTAL ACCOUNTABILITY , AND OTHER MATTERS.

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

    Expenses $151,091 · Grants $31,000

  • LEADERSHIP MISSISSIPPI-TRAINING OF YOUNG LEADERS FOR FUTURE SERVICE TO THE COMMUNITY.

    Expenses $247,296

  • PUBLIC POLICY RESEARCH-ONE OF THE ORGANIZATION'S MISSIONS IS TO CONDUCT INDEPENDENT PUBLIC POLICY RESEARCH ON ISSUES RELATED TO ECONOMIC DEVELOPMENT.

    Expenses $199,670 · Grants $137,069

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John S Waller

    PRESIDENT &

    Total calculated
    $326,620
    From this org
    $14,864
    From related orgs
    $282,420
    Other
    $29,336
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $14,864 + $282,420 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,027 + $19,506 related
    Nontaxable benefits
    $440 + $8,363 related
    Filer's total
    $16,331 + $310,289 related

  • Cathy Northington

    COO

    Total calculated
    $203,214
    From this org
    $91,144
    From related orgs
    $91,145
    Other
    $20,925
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $91,144 + $91,145 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,356 + $6,357 related
    Nontaxable benefits
    $4,106 + $4,106 related
    Filer's total
    $101,606 + $101,608 related

  • Vickie Powell

    SR. VP

    Total calculated
    $200,018
    From this org
    $53,823
    From related orgs
    $125,588
    Other
    $20,607

    Schedule J breakdown matched by us

    Base
    $53,823 + $125,588 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,707 + $8,650 related
    Nontaxable benefits
    $2,475 + $5,775 related
    Filer's total
    $60,005 + $140,013 related

  • Chris Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Jacqueline Beasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christa Bishop

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jerome Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Champion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Dennis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Hairston

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Alan Hargett

    DIRTECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barry Moss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aaron Sisk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Sliger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lea Turnipseed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Lee Wiggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Rhea Williams-Bishop

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Max Yates

    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

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
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202420729349300512

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