Totals
- Total revenue
- $250,547
- Total expenses
- $98,940
- Contributions and grants received
- $0
- Grants paid
- $81,103
- Program service revenue
- $0
- Investment income
- $250,318
- Other revenue
- $229
- Total assets, end of year
- $2,002,288
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,002,288
- Program services expenses (Part IX)
- $81,103
- Management and general expenses
- $17,837
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $81,103
Program services were 82.0% 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.
-
3 · Investment income
total $77,876 · excluded $77,876
-
7a · Gross sales of assets other than inventory
securities $645,304
-
7b · Less cost or other basis and sales expenses
securities $472,862
-
7c · Gain or loss
securities $172,442
-
7d · Net gain or loss
total $172,442 · excluded $172,442
-
11a · Other revenue: OTHER INCOME
total $229 · excluded $229
-
11e · Other revenue, total
$229
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $81,103 · program services $81,103
-
5 · Compensation of officers, directors and key employees
total $11,472 · management and general $11,472
-
11c · Fees: accounting
total $4,450 · management and general $4,450
-
11f · Fees: investment management
total $836 · management and general $836
-
20 · Interest
total $104 · management and general $104
-
24a · Other expenses: FOREIGN TAX PAID
total $975 · management and general $975
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $50,878 · end of year $36,111
-
11 · Investments: publicly traded securities
beginning of year $1,799,803 · end of year $1,966,177
-
29 · Capital stock, trust principal or current funds
beginning of year $142,615 · end of year $142,615
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,708,066 · end of year $1,859,673
Mission and programs · 2025
Mission
TO PROVIDE FUNDS TO BE USED FOR SCHOLARSHIPS FOR STUDENTS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI.
Activities or mission (Part I)
ESTABLISH AND DISTRIBUTE SCHOLARSHIPS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI
-
PAYMENT OF SCHOLARSHIP FUNDS TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI. AMOUNTS ARE ALLOCATED TO WORTHY STUDENTS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY.
Expenses $81,103 · Grants $81,103
As filed on the 2025 return.
Listed in Part VII
-
Regions BankREGIONS BANK
TRUSTEE
- Total calculated
- $11,472
- From this org
- $11,472
- From related orgs
- $0
- Other
- $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
-
DISTRIBUTE SCHOLARSHIPS TO WORTHY STUDENTS AS DETERMINED BY THE PRESIDENT OF THE COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 21 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601119349300440
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