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← UNIVERSITY OF MISSISSIPPI EDUCATIONAL BUILDING CORPORATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF MISSISSIPPI EDUCATIONAL BUILDING CORPORATION.

Totals

Total revenue
$8,589,118
Total expenses
$8,589,118
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,570,281
Investment income
$1,337
Other revenue
$17,500
Total assets, end of year
$247,831,233
Total liabilities, end of year
$247,831,233
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$8,589,118
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,589,118

Program services were 100.0% 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.

  • 2a · Program service revenue: PRINCIPAL & INTEREST ON REC.

    total $8,570,281 · related or exempt $8,570,281

  • 3 · Investment income

    total $1,337 · related or exempt $1,337

  • 11a · Other revenue: OTHER INCOME

    total $17,500 · related or exempt $17,500

  • 11e · Other revenue, total

    $17,500

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $8,571,618 · program services $8,571,618

  • 24a · Other expenses: OTHER

    total $17,500 · program services $17,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $167,712 · end of year $167,847

  • 2 · Savings and temporary cash investments

    beginning of year $162 · end of year $438

  • 7 · Other notes and loans receivable

    beginning of year $263,174,673 · end of year $245,560,078

  • 15 · Other assets

    beginning of year $2,446,390 · end of year $2,102,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,446,389 · end of year $2,271,155

  • 20 · Tax-exempt bond liabilities

    beginning of year $238,341,315 · end of year $224,314,289

  • 23 · Secured mortgages and notes payable

    beginning of year $21,901,806 · end of year $18,531,119

  • 25 · Other liabilities

    beginning of year $3,099,427 · end of year $2,714,670

Mission and programs · 2024

Mission

TO ACQUIRE, CONSTRUCT, MAINTAIN, AND IMPROVE FACILITIES FOR USE BY THE UNIVERSITY OF MISSISSIPPI.

  • ACQUISITION, CONSTRUCTION, MAINTENANCE, AND IMPROVEMENTS OF FACILITIES FOR USE BY THE UNIVERSITY OF MISSISSIPPI.

    Expenses $8,589,118 · Revenue $8,570,281

As filed on the 2024 return.

Listed in Part VII

  • Steven Holley

    PRESIDENT

    Total calculated
    $418,616
    From this org
    $0
    From related orgs
    $360,343
    Other
    $58,273
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $360,343 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $51,264 related
    Nontaxable benefits
    not reported + $7,009 related
    Filer's total
    not reported + $418,616 related

  • David Whitcomb

    SECRETARY

    Total calculated
    $382,230
    From this org
    $0
    From related orgs
    $323,535
    Other
    $58,695
    Hours/week
    1.5 + 38.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $323,535 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $51,709 related
    Nontaxable benefits
    not reported + $6,986 related
    Filer's total
    not reported + $382,230 related

  • Perry Sansing

    SECRETARY

    Total calculated
    $279,119
    From this org
    $0
    From related orgs
    $225,695
    Other
    $53,424
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $225,695 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $41,786 related
    Nontaxable benefits
    not reported + $11,638 related
    Filer's total
    not reported + $279,119 related

  • Joy Shideler

    TREASURER

    Total calculated
    $241,513
    From this org
    $0
    From related orgs
    $203,872
    Other
    $37,641
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $203,872 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $36,243 related
    Nontaxable benefits
    not reported + $1,398 related
    Filer's total
    not reported + $241,513 related

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

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

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
5 November 2025
IRS schema version
2024v5.0
Source object
202533079349303198

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