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Nonprofiteer
← MISSISSIPPI STATE UNIVERSITY EDUCATIONAL BUILDING CORPORATION

Form 990 for tax year 2024

Filed by MISSISSIPPI STATE UNIVERSITY EDUCATIONAL BUILDING CORPORATION.

Totals

Total revenue
$94,913,378
Total expenses
$55,451,006
Contributions and grants received
$92,103,786
Grants paid
$0
Program service revenue
$0
Investment income
$2,809,592
Other revenue
$0
Total assets, end of year
$423,503,704
Total liabilities, end of year
$384,032,112
Net assets or fund balances, end of year
$39,471,592
Program services expenses (Part IX)
$55,451,006
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$55,451,006

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.

  • 1d · Related organizations

    $92,103,786

  • 3 · Investment income

    total $2,119,794 · excluded $2,119,794

  • 7a · Gross sales of assets other than inventory

    securities $56,695,594

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

    securities $56,005,796

  • 7c · Gain or loss

    securities $689,798

  • 7d · Net gain or loss

    total $689,798 · excluded $689,798

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $12,373,382 · program services $12,373,382

  • 24a · Other expenses: CONSTRUCTION EXPENSES

    total $43,077,624 · program services $43,077,624

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,220 · end of year $39,471,592

  • 4 · Accounts receivable

    beginning of year $269,708,867 · end of year $384,032,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,334,217 · end of year $6,516,731

  • 25 · Other liabilities

    beginning of year $265,374,650 · end of year $377,515,381

  • 28 · Net assets with donor restrictions

    beginning of year $9,220 · end of year $39,471,592

Mission and programs · 2024

Mission

TO ACQUIRE, WHETHER BY PURCHASE, LEASE, ISSUE BONDS, CONSTRUCTION OR GIFT, LAND AND FACILITIES ("EDUCATIONAL FACILITIES") FOR MISSISSIPPI STATE UNIVERSITY, STARKVILLE, MISSISSIPPI, AND TO EQUIP, MAINTAIN, ENLARGE OR IMPROVE SUCH EDUCATIONAL FACILITIES, AS WELL AS TO TAKE SUCH ACTIONS AS ARE NECESSARY TO CAUSE THE INTEREST EARNED ON SUCH BONDS TO BE EXEMPT FROM INCOME TAXATION

Activities or mission (Part I)

SUPPORT STATE UNIVERSITY IN BOND ADMINISTRATION

  • INTEREST PAYMENTS TO BONDHOLDERS

    Expenses $12,373,382

  • CONSTRUCTION COSTS ON MISSISSIPPI STATE UNIV CAMPUS

    Expenses $43,077,624

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

Listed in Part VII

  • David Shaw

    PRESIDENT & DIRECTOR

    Total calculated
    $452,225
    From this org
    $0
    From related orgs
    $452,225
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $452,225 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $452,225 related

  • John Rush

    FIRST VICE PRESIDENT & DIR

    Total calculated
    $308,120
    From this org
    $0
    From related orgs
    $308,120
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $308,120 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $308,120 related

  • Regina Hyatt

    SECOND VICE PRESIDENT & DI

    Total calculated
    $256,329
    From this org
    $0
    From related orgs
    $256,329
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $256,329 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $256,329 related

  • Les Potts

    SECRETARY & DIRECTOR

    Total calculated
    $293,378
    From this org
    $0
    From related orgs
    $293,378
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $293,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $293,378 related

  • Kevin Edelblute

    TREASURER & DIRECTOR

    Total calculated
    $191,848
    From this org
    $0
    From related orgs
    $191,848
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $191,848 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $191,848 related

  • Dr Mark Keenum

    DIRECTOR

    Total calculated
    $888,696
    From this org
    $0
    From related orgs
    $888,696
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $888,696 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $888,696 related

  • Keith Coble

    DIRECTOR

    Total calculated
    $321,580
    From this org
    $0
    From related orgs
    $321,580
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $321,580 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $321,580 related

  • Julie Jordan

    DIRECTOR

    Total calculated
    $290,514
    From this org
    $0
    From related orgs
    $290,514
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $290,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $290,514 related

  • Zac Selmon

    DIRECTOR

    Total calculated
    $427,213
    From this org
    $0
    From related orgs
    $427,213
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $427,213 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $427,213 related

  • Sid Salter

    DIRECTOR

    Total calculated
    $230,340
    From this org
    $0
    From related orgs
    $230,340
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $230,340 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $230,340 related

  • Ra'Sheda Forbes

    DIRECTOR

    Total calculated
    $241,938
    From this org
    $0
    From related orgs
    $241,938
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $241,938 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $241,938 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.

  • MISSISSIPPI STATE UNIVERSITY

    501(C)(3) · COLLEGE INSTITUTION OF HIGHER LEARNING · MS

    Directly controlled by BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER EDUCATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513189349309461

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