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← COMMUNITY FOUNDATION OF EAST MISSISSIPPI INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF EAST MISSISSIPPI INC.

Totals

Total revenue
$1,451,764
Total expenses
$1,020,070
Contributions and grants received
$937,506
Grants paid
$680,438
Program service revenue
$0
Investment income
$483,586
Other revenue
$30,672
Total assets, end of year
$9,913,713
Total liabilities, end of year
$169,733
Net assets or fund balances, end of year
$9,743,980
Program services expenses (Part IX)
$889,075
Management and general expenses
$130,995
Fundraising expenses
$0
Program service expenses (Part III)
$889,075

Program services were 87.2% 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

    $937,506

  • 1g · Noncash contributions included above

    $20,596

  • 3 · Investment income

    total $227,280 · excluded $227,280

  • 7a · Gross sales of assets other than inventory

    securities $1,635,768

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

    securities $1,379,462

  • 7c · Gain or loss

    securities $256,306

  • 7d · Net gain or loss

    total $256,306 · related or exempt $256,306

  • 11a · Other revenue: PLEDGE CONTRIBUTIONS

    total $25,000 · related or exempt $25,000

  • 11b · Other revenue: OTHER INCOME

    total $4,000 · related or exempt $4,000

  • 11c · Other revenue: MANAGEMENT FEES

    total $1,672 · related or exempt $1,672

  • 11e · Other revenue, total

    $30,672

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $680,438 · program services $680,438

  • 5 · Compensation of officers, directors and key employees

    total $116,000 · program services $98,600 · management and general $17,400

  • 7 · Other salaries and wages

    total $39,022 · program services $15,609 · management and general $23,413

  • 10 · Payroll taxes

    total $16,659 · program services $14,160 · management and general $2,499

  • 11c · Fees: accounting

    total $32,617 · program services $7,644 · management and general $24,973

  • 11f · Fees: investment management

    total $45,108 · program services $45,108

  • 13 · Office expenses

    total $26,769 · program services $10,116 · management and general $16,653

  • 16 · Occupancy

    total $6,000 · program services $1,800 · management and general $4,200

  • 17 · Travel

    total $11,076 · program services $3,323 · management and general $7,753

  • 22 · Depreciation, depletion and amortization

    total $14,042 · program services $1,404 · management and general $12,638

  • 23 · Insurance

    total $5,048 · program services $1,514 · management and general $3,534

  • 24a · Other expenses: OTHER EXPENSES

    total $20,262 · program services $3,567 · management and general $16,695

  • 24b · Other expenses: DUES & MEMBERSHIP

    total $4,704 · program services $4,652 · management and general $52

  • 24c · Other expenses: TELEPHONE

    total $1,222 · program services $1,039 · management and general $183

  • 24d · Other expenses: CONTRACT LABOR

    total $765 · management and general $765

  • 24e · All other expenses

    total $338 · program services $101 · management and general $237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $220,593 · end of year $138,203

  • 10a · Land, buildings and equipment: cost or other basis

    $499,453

  • 10b · Land, buildings and equipment: accumulated depreciation

    $146,585

  • 10c · Land, buildings and equipment, net

    beginning of year $363,754 · end of year $352,868

  • 11 · Investments: publicly traded securities

    beginning of year $8,141,379 · end of year $9,365,540

  • 15 · Other assets

    beginning of year $29,321 · end of year $57,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,757 · end of year $51,671

  • 25 · Other liabilities

    beginning of year $109,915 · end of year $118,062

  • 27 · Net assets without donor restrictions

    beginning of year $8,596,375 · end of year $9,743,980

Mission and programs · 2023

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 $889,075 · Grants $680,438

  • IMPROVE COMMUNITY FOR ALL.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRISTEN WATERS

    EXECUTIVE DI

    Total calculated
    $116,000
    From this org
    $116,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • TRA ALFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB COFFIN

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    2

  • AL COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WINKY GLOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LEAH HEARN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LESLIE HIATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT HUDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAQUEL MCGEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CANDACE MCKAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUSTIN PALMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAROLINE RUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HEATH STRIBLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HAMPTON THAMES

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY TURNER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ANNA WILE

    PRESIDENT

    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

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202413209349319036

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

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