Form 990 for tax year 2023
Filed by MISSISSIPPI BAR FOUNDATION INC.
Totals
- Total revenue
- $2,412,837
- Total expenses
- $528,911
- Contributions and grants received
- $2,124,566
- Grants paid
- $169,000
- Program service revenue
- $71,590
- Investment income
- $59,097
- Other revenue
- $157,584
- Total assets, end of year
- $5,946,207
- Total liabilities, end of year
- $109,484
- Net assets or fund balances, end of year
- $5,836,723
- Program services expenses (Part IX)
- $485,032
- Management and general expenses
- $43,879
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $485,032
Program services were 91.7% 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
$2,124,566
-
2a · Program service revenue: FELLOWS REVENUE
total $71,590 · related or exempt $71,590
-
3 · Investment income
total $59,097 · excluded $59,097
-
6a · Gross rents
real property $157,584
-
6c · Rental income or loss
real property $157,584
-
6d · Net rental income or loss
total $157,584 · excluded $157,584
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $153,500 · program services $153,500
-
2 · Grants to domestic individuals
total $15,500 · program services $15,500
-
11c · Fees: accounting
total $16,855 · management and general $16,855
-
11g · Fees: other
total $163,769 · program services $156,702 · management and general $7,067
-
13 · Office expenses
total $3,710 · program services $3,332 · management and general $378
-
16 · Occupancy
total $106,449 · program services $92,609 · management and general $13,840
-
17 · Travel
total $1,387 · program services $1,387
-
19 · Conferences, conventions and meetings
total $23,099 · program services $23,099
-
22 · Depreciation, depletion and amortization
total $27,178 · program services $23,645 · management and general $3,533
-
23 · Insurance
total $16,967 · program services $14,761 · management and general $2,206
-
24e · All other expenses
total $497 · program services $497
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,576,498 · end of year $4,478,528
-
2 · Savings and temporary cash investments
beginning of year $1,426,237 · end of year $704,037
-
4 · Accounts receivable
beginning of year $190,661 · end of year $174,200
-
9 · Prepaid expenses and deferred charges
beginning of year $16,992 · end of year $2,348
-
10a · Land, buildings and equipment: cost or other basis
$2,066,129
-
10b · Land, buildings and equipment: accumulated depreciation
$1,479,260
-
10c · Land, buildings and equipment, net
beginning of year $597,949 · end of year $586,869
-
15 · Other assets
beginning of year $225 · end of year $225
-
17 · Accounts payable and accrued expenses
beginning of year $46,790 · end of year $17,901
-
18 · Grants payable
beginning of year $808,975 · end of year $91,583
-
27 · Net assets without donor restrictions
beginning of year $1,277,507 · end of year $1,361,671
-
28 · Net assets with donor restrictions
beginning of year $2,675,290 · end of year $4,475,052
Mission and programs · 2023
Mission
THE FOUNDATION WILL STRIVE TO IMPROVE THE ADMINISTRATION OF JUSTICE THROUGH THE SUPPORT OF ORGANIZATIONS WHICH PROVIDE LEGAL SERVICES TO THE POOR AND NEEDY. THE FOUNDATION WILL WORK TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF MISSISSIPPI'S JUDICIARY THROUGH EDUCATION, TRAINING, TECHNOLOGICAL IMPROVEMENTS, AND BY RECOGNIZING AND HONORING SIGNIFICANT CONTRIBUTORS TO THIS CAUSE.
Activities or mission (Part I)
IMPROVE THE ADMINISTRATION OF JUSTICE BY PROVIDING SUPPORT FOR LEGAL SERVICES TO THE POOR AND NEEDY.
-
ADMINISTRATION OF JUSTICE: THROUGH THE INTEREST ON LAWYERS TRUST ACCOUNT PROGRAM (IOLTA), THE FOUNDATION GAVE GRANTS TOTALING 150,000 TO SEVEN ORGANIZATIONS IN THE CATEGORIES OF LEGAL AID TO THE POOR, LAW-RELATED EDUCATION, AND IMPROVEMENTS IN THE ADMINISTRATION OF JUSTICE. THE IOLTA PROGRAM ALSO PROVIDED FUNDING TO THE LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP) TO ASSIST LAW SCHOOL GRADUATES PURSUE A CAREER IN PUBLIC INTEREST AND SERVE THE POOR OR UNDERSERVED POPULATIONS THROUGH DIRECT LEGAL SERVICES (7,500). THREE ATTORNEYS EMPLOYED BY IOLTA GRANTEES RECEIVED FINANCIAL ASSISTANCE WITH THEIR LAW SCHOOL LOANS (AS APPROVED BY THE BOARD). THROUGH THE FELLOWS PROGRAM, A GRANT FOR 3,500 WAS PROVIDED TO THE MISSISSIPPI BAR FOR A HEALTH & WELLNESS SPONSORSHIP.
Expenses $318,039 · Grants $161,000 · Revenue $71,590
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $14,102 · Grants $8,000
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $152,891
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
J Cal Mayo JrJ CAL MAYO JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tammra O CascioTAMMRA O CASCIO
PRESIDENT-EL
- Total calculated
- $0
- Hours/week
- 1
-
Vicki R LeggettVICKI R LEGGETT
PAST-PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
James L Henley JrJAMES L HENLEY JR
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony L FareseANTHONY L FARESE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bradley F HathawayBRADLEY F HATHAWAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Judge Selene D MaddoxJUDGE SELENE D MADDOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda Green AlexanderAMANDA GREEN ALEXANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy M ThreadgillTIMOTHY M THREADGILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamie D TravisJAMIE D TRAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Judge Veldore Young GrahamJUDGE VELDORE YOUNG GRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence E HahnLAWRENCE E HAHN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
A Kelly SessomsA KELLY SESSOMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Judge Melba L DixonJUDGE MELBA L DIXON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie J GreshamJULIE J GRESHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leyser Q HayesLEYSER Q HAYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Meade MithcellMEADE MITHCELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Rhea Tannehill JrJ RHEA TANNEHILL JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brittany B FrankelBRITTANY B FRANKEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ben T ColeBEN T COLE
TRUSTEE
- Total calculated
- $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
-
THE MISSISSIPPI BAR
$57,838
LAW EDUC/ADM OF JUST
-
$31,406
LEGAL ASSISTANCE
-
$20,937
LEGAL ASSISTANCE
-
$14,757
LEGAL ASSISTANCE
-
$13,228
LEGAL ASSISTANCE
-
LEGAL ASSISTANCE
-
LEGAL ASSISTANCE
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.
-
THE MISSISSIPPI BAR
GOVT · PUBL AWARE · MS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423309349301207
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