Form 990 for tax year 2024
Filed by COMMUNITY FOUNDATION OF EAST MISSISSIPPI INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2024 , filed 17 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $1,379,428
- Total expenses
- $1,041,360
- Contributions and grants received
- $679,642
- Grants paid
- $725,391
- Program service revenue
- $0
- Investment income
- $645,928
- Other revenue
- $53,858
- Total assets, end of year
- $10,741,877
- Total liabilities, end of year
- $101,130
- Net assets or fund balances, end of year
- $10,640,747
- Program services expenses (Part IX)
- $835,226
- Management and general expenses
- $138,088
- Fundraising expenses
- $68,046
- Program service expenses (Part III)
- $835,226
Program services were 80.2% 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
$679,642
-
1g · Noncash contributions included above
$130,223
-
3 · Investment income
total $251,028 · excluded $251,028
-
7a · Gross sales of assets other than inventory
securities $1,910,714
-
7b · Less cost or other basis and sales expenses
securities $1,515,814
-
7c · Gain or loss
securities $394,900
-
7d · Net gain or loss
total $394,900 · related or exempt $394,900
-
8a · Fundraising events: gross income
$109,907
-
8b · Fundraising events: direct expenses
$61,958
-
8c · Net income from fundraising events
total $47,949 · excluded $47,949
-
11a · Other revenue: OTHER INCOME
total $4,000 · related or exempt $4,000
-
11b · Other revenue: ADMINISTRATIVE FEE REVENUE
total $1,909 · related or exempt $1,909
-
11e · Other revenue, total
$5,909
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $725,391 · program services $725,391
-
5 · Compensation of officers, directors and key employees
total $95,000 · program services $47,500 · management and general $14,250 · fundraising $33,250
-
7 · Other salaries and wages
total $45,967 · program services $22,547 · management and general $18,387 · fundraising $5,033
-
9 · Other employee benefits
total $4,749 · program services $1,187 · management and general $2,612 · fundraising $950
-
10 · Payroll taxes
total $10,837 · program services $2,709 · management and general $5,960 · fundraising $2,168
-
11c · Fees: accounting
total $22,525 · management and general $22,525
-
11g · Fees: other
total $17,250 · program services $3,000 · management and general $12,750 · fundraising $1,500
-
13 · Office expenses
total $7,536 · program services $3,113 · management and general $3,797 · fundraising $626
-
14 · Information technology
total $22,184 · program services $6,808 · management and general $15,300 · fundraising $76
-
16 · Occupancy
total $6,000 · program services $1,800 · management and general $4,200
-
17 · Travel
total $25,172 · program services $8,684 · management and general $13,331 · fundraising $3,157
-
22 · Depreciation, depletion and amortization
total $14,020 · program services $1,402 · management and general $11,216 · fundraising $1,402
-
23 · Insurance
total $5,817 · program services $1,745 · management and general $4,072
-
24a · Other expenses: FUNDRAISING EVENT EXPENSE
total $20,295 · program services $465 · management and general $2,838 · fundraising $16,992
-
24b · Other expenses: MARKETING AND OUTREACH
total $9,642 · program services $3,857 · management and general $2,893 · fundraising $2,892
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $6,731 · program services $4,345 · management and general $2,386
-
24d · Other expenses: BANK FEES
total $2,244 · program services $673 · management and general $1,571
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $158,253 · end of year $198,337
-
10a · Land, buildings and equipment: cost or other basis
$499,453
-
10b · Land, buildings and equipment: accumulated depreciation
$160,605
-
10c · Land, buildings and equipment, net
beginning of year $352,868 · end of year $338,848
-
11 · Investments: publicly traded securities
beginning of year $9,365,540 · end of year $10,189,512
-
15 · Other assets
beginning of year $37,052 · end of year $15,180
-
17 · Accounts payable and accrued expenses
beginning of year $21,672 · end of year $1,164
-
25 · Other liabilities
beginning of year $148,061 · end of year $99,966
-
27 · Net assets without donor restrictions
beginning of year $9,743,980 · end of year $10,640,747
Mission and programs · 2024
Mission
THE COMMUNITY FOUNDATION OF EAST MISSISSIPPI IS A PUBLIC CHARITY DEDICATED TO MAINTAINING, IMPROVING AND ENRICHING THE QUALITY OF LIFE IN EAST MISSISSIPPI BY SUPPORTING WORTHY CAUSES, PROVIDING PHILANTHROPIC SERVICES, AND ENCOURAGING AND PROVIDING LEADERSHIP IN RESPONSE TO CHANGING COMMUNITY NEEDS. WE ARE A CATALYST FOR CHARITABLE GIVING WHERE CIVIC-MINDED INDIVIDUALS, FAMILIES, AND BUSINESSES CAN MEET THEIR PHILANTHROPIC GOALS. THE FOUNDATION MEETS THIS MISSION BY DEVELOPING AND MANAGING A COMPREHENSIVE BASE OF FUNDS AN EXPANDING POOL OF CHARITABLE DOLLARS, PERMANENTLY COMMITTED TO MEETING THE NEEDS OF THE PEOPLE OF EAST MISSISSIPPI.
-
IMPROVE COMMUNITY FOR ALL.
Expenses $835,226 · Grants $725,391
-
IMPROVE COMMUNITY FOR ALL.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christen WatersCHRISTEN WATERS
EXECUTIVE DI
- Total calculated
- $95,000
- From this org
- $95,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tra AlfordTRA ALFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob CoffinBOB COFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leah HearnLEAH HEARN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Leslie HiattLESLIE HIATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott HudsonSCOTT HUDSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Raquel McGeeRAQUEL MCGEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Candace McKayCANDACE MCKAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Justin PalmerJUSTIN PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris PhillipsCHRIS PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Caroline RushCAROLINE RUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Heath StriblingHEATH STRIBLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hampton ThamesHAMPTON THAMES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Ashley TurnerASHLEY TURNER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Anna WileANNA WILE
IMMEDAITE PA
- 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.
Grants on this return
-
APEX OFFICERS
$67,500
GENERAL SUPPORT
-
$65,689
GENERAL SUPPORT
-
MERIDIAN HOUSING AUTHORITY
$52,500
GENERAL SUPPORT
-
$51,445
GENERAL SUPPORT
-
$42,469
GENERAL SUPPORT
-
MISSISSIPPI INDUSTRIAL HERITAGE MUS
$35,085
GENERAL SUPPORT
-
$30,000
GENERAL SUPPORT
-
UNIVERSITY OF WEST AL
$28,145
GENERAL SUPPORT
-
GENERAL SUPPORT
-
$21,801
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503219349327815
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