← JACKSON STATE UNIVERSITY DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by JACKSON STATE UNIVERSITY DEVELOPMENT FOUNDATION INC.

Totals

Total revenue: $17,890,350
Total expenses: $11,367,617
Contributions and grants received: $11,124,614
Grants paid: $1,936,487
Program service revenue: $327,967
Investment income: $2,541,185
Other revenue: $3,896,584
Total assets, end of year: $53,451,370
Total liabilities, end of year: $6,128,500
Net assets or fund balances, end of year: $47,322,870
Program services expenses (Part IX): $3,441,599
Management and general expenses: $6,831,698
Fundraising expenses: $1,094,320
Program service expenses (Part III): $11,367,617

Program services were 30.3% 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.

1b · Membership dues

$143,268
1c · Fundraising events

$286,265
1e · Government grants (contributions)

$289,123
1f · All other contributions, gifts and grants

$10,405,958
1g · Noncash contributions included above

$263,989
2a · Program service revenue: Administrative Rev

total $327,967 · related or exempt $327,967
3 · Investment income

total $966,237 · related or exempt $966,237
5 · Royalties

total $6,311 · related or exempt $6,311
6a · Gross rents

real property $251,941
6b · Less rental expenses

real property $837,425
6c · Rental income or loss

real property -$585,484
6d · Net rental income or loss

total -$585,484 · related or exempt $251,941
7a · Gross sales of assets other than inventory

securities $2,580,319 · other assets $7,876,651
7b · Less cost or other basis and sales expenses

other assets $8,882,022
7c · Gain or loss

securities $2,580,319 · other assets -$1,005,371
7d · Net gain or loss

total $1,574,948
8c · Net income from fundraising events

total $0
11a · Other revenue: OTHER REVENUE

total $4,475,757 · related or exempt $4,475,757
11e · Other revenue, total

$4,475,757

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,936,487 · program services $1,936,487
4 · Benefits paid to or for members

total $34,356 · program services $34,356
11a · Fees: management

total $48,000 · program services $24,000 · management and general $24,000
11b · Fees: legal

total $145 · management and general $145
11c · Fees: accounting

total $82,710 · program services $30,040 · management and general $52,670
11f · Fees: investment management

total $367,068 · management and general $367,068
11g · Fees: other

total $1,789,411 · program services $298,235 · management and general $594,706 · fundraising $896,470
12 · Advertising and promotion

total $9,727 · fundraising $9,727
13 · Office expenses

total $102,771 · management and general $102,771
14 · Information technology

total $37,896 · management and general $37,896
17 · Travel

total $377,524 · program services $188,762 · management and general $188,762
19 · Conferences, conventions and meetings

total $774 · management and general $774
20 · Interest

total $460,048 · program services $263,245 · management and general $196,803
22 · Depreciation, depletion and amortization

total $36,244 · management and general $36,244
23 · Insurance

total $71,248 · program services $58,362 · management and general $12,886
24a · Other expenses: EQUIPMENT

total $2,859 · management and general $2,859
24b · Other expenses: FACILITIESRENTAL

total $78,032 · program services $65,195 · management and general $12,837
24c · Other expenses: Other Expenses

total $5,932,317 · program services $542,917 · management and general $5,201,277 · fundraising $188,123

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,109,491 · end of year $5,498,784
2 · Savings and temporary cash investments

beginning of year $42,870
3 · Pledges and grants receivable

beginning of year $2,620,176 · end of year $2,969,956
4 · Accounts receivable

beginning of year $1,234,247 · end of year $1,141,760
10a · Land, buildings and equipment: cost or other basis

$2,006,222
10b · Land, buildings and equipment: accumulated depreciation

$1,170,452
10c · Land, buildings and equipment, net

beginning of year $10,628,870 · end of year $835,770
11 · Investments: publicly traded securities

beginning of year $34,942,094 · end of year $40,399,377
12 · Investments: other securities

beginning of year $136,853
13 · Investments: program-related

beginning of year $25,111 · end of year $25,403
15 · Other assets

beginning of year $561,348 · end of year $2,580,320
17 · Accounts payable and accrued expenses

beginning of year $846,609 · end of year $686,383
21 · Escrow or custodial account liability

beginning of year $8,538 · end of year $8,528
23 · Secured mortgages and notes payable

beginning of year $12,997,503 · end of year $5,433,589
27 · Net assets without donor restrictions

beginning of year $6,830,214 · end of year $7,632,039
28 · Net assets with donor restrictions

beginning of year $32,618,196 · end of year $39,690,831

Mission and programs · 2022

Mission

SCHOLARSHIPS AND UNIVERSITY SUPPORT

Activities or mission (Part I)

TO PROVIDE FINANCIAL SUPPORT TO THE JSU ACADEMIC PROGRAMS, STUDENT SCHOLARSHIPS AS WELL AS GENERAL UNIVERSITY SUPPORT

SUPPORTED THE UNIVERSITY WITH GENERAL, ACADEMIC, STUDENT SERVICES AND

Expenses $3,441,599 · Revenue $328,977
GENERAL AND ADMINISTRATIVE EXPENSES RELATED TO PROGRAMS

Expenses $6,831,698
ATHELETIC SUPPORT RELATED TO UNIVERSITY SUPPORT

Expenses $1,094,320

As filed on the 2022 return.

Listed in Part VII

Alveno CastillALVENO CASTILL

MEMBER

Total calculated

$0

Hours/week

1
Reginald DevauREGINALD DEVAU

MEMBER

Total calculated

$0

Hours/week

1
Brian CrearBRIAN CREAR

MEMBER

Total calculated

$0

Hours/week

1
Debra McGeeDEBRA MCGEE

MEMBER

Total calculated

$0

Hours/week

1
Stanley SimsSTANLEY SIMS

MEMBER

Total calculated

$0

Hours/week

1
Darryl PilateDARRYL PILATE

MEMBER

Total calculated

$0

Hours/week

1
Derek PolkDEREK POLK

MEMBER

Total calculated

$0

Hours/week

1
Brian JohnsonBRIAN JOHNSON

MEMBER

Total calculated

$0

Hours/week

1
Howard CatchinHOWARD CATCHIN

MEMBER

Total calculated

$0

Hours/week

1
Robert KellyROBERT KELLY

MEMBER

Total calculated

$0

Hours/week

1
Leroy WalkerLEROY WALKER

MEMBER

Total calculated

$0

Hours/week

1
Guyna JohnsonGUYNA JOHNSON

MEMBER

Total calculated

$0

Hours/week

1
Greg ThompsonGREG THOMPSON

MEMBER

Total calculated

$0

Hours/week

1
Rosella HoustoROSELLA HOUSTO

MEMBER

Total calculated

$0

Hours/week

1
Thomas HudsonTHOMAS HUDSON

EX-OFFICIO

Total calculated

$0

Hours/week

1
Howard BrownHOWARD BROWN

EX OFFICIO

Total calculated

$0

Hours/week

1
Keilani VanishKEILANI VANISH

EX OFFICIO

Total calculated

$0

Hours/week

1
Ashley RobinsoASHLEY ROBINSO

EX OFFICIO

Total calculated

$0

Hours/week

1
Jerome TinkerJEROME TINKER

EX OFFICIO

Total calculated

$0

Hours/week

1
Ayanna AdamsAYANNA ADAMS

MEMBER

Total calculated

$0

Hours/week

1
Sophia WilliamSOPHIA WILLIAM

MEMBER

Total calculated

$0

Hours/week

1
Maggaret WalkeMAGGARET WALKE

MEMBER

Total calculated

$0

Hours/week

1
Milton ChambliMILTON CHAMBLI

MEMBER

Total calculated

$0

Hours/week

1
Robert SmithROBERT SMITH

MEMBER

Total calculated

$0

Hours/week

1
Gwen CaplesGWEN CAPLES

EX OFFICIO

Total calculated

$0

Hours/week

1

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

JACKSON STATE

no cash amount reported

SUPPORT
no cash amount reported
no cash amount reported
no cash amount reported
no cash amount reported
no cash amount reported
no cash amount reported
no cash amount reported
no cash amount reported
no cash amount reported

The 10 largest by cash amount. The API serves every itemized grant.

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.

JACKSON STATE UNIVERSIT

IRC · UNIVERSITY · MS

Directly controlled by STATE

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.

UPJ I

COMMUNITYDEVELOPMENT · MS · income -$2,979,330

Directly controlled by YES
UPJ II LLC

COMMUNITYDEVELOPMENT · MS · income $2,218,910

Directly controlled by YES

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 November 2023
IRS schema version: 2022v5.0
Source object: 202402559349301120

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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