Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $33,200

• 1e · Government grants (contributions)

  $324,874

• 1f · All other contributions, gifts and grants

  $2,427,563

• 2a · Program service revenue: TUITION AND REGISTRATION

  total $20,266,024 · related or exempt $20,266,024

• 3 · Investment income

  total $42,597 · excluded $42,597

• 7a · Gross sales of assets other than inventory

  other assets $1,000

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

  other assets $0

• 7c · Gain or loss

  other assets $1,000

• 7d · Net gain or loss

  total $1,000 · excluded $1,000

• 8a · Fundraising events: gross income

  $10,050

• 8a · Fundraising events: contributions included on line 1c

  $33,200

• 8b · Fundraising events: direct expenses

  $14,652

• 8c · Net income from fundraising events

  total -$4,602 · excluded -$4,602

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $2,885 · excluded $2,885

• 11e · Other revenue, total

  $2,885

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $12,633 · program services $12,633

• 5 · Compensation of officers, directors and key employees

  total $1,332,403 · management and general $1,332,403

• 7 · Other salaries and wages

  total $14,682,676 · program services $11,966,183 · management and general $2,482,152 · fundraising $234,341

• 8 · Pension plan contributions

  total $303,740 · program services $182,825 · management and general $114,812 · fundraising $6,103

• 9 · Other employee benefits

  total $1,241,487 · program services $1,036,040 · management and general $196,024 · fundraising $9,423

• 10 · Payroll taxes

  total $1,100,000 · program services $845,728 · management and general $239,240 · fundraising $15,032

• 11a · Fees: management

  total $5,780 · management and general $5,780

• 11b · Fees: legal

  total $23,524 · program services $1,560 · management and general $21,964

• 11c · Fees: accounting

  total $68,150 · program services $63,893 · management and general $3,997 · fundraising $260

• 11g · Fees: other

  total $320,099 · program services $308,426 · management and general $10,380 · fundraising $1,293

• 12 · Advertising and promotion

  total $223,621 · program services $28,057 · management and general $185,918 · fundraising $9,646

• 13 · Office expenses

  total $705,987 · program services $538,584 · management and general $50,957 · fundraising $116,446

• 14 · Information technology

  total $751 · fundraising $751

• 16 · Occupancy

  total $2,465,233 · program services $2,284,090 · management and general $171,770 · fundraising $9,373

• 17 · Travel

  total $354,607 · program services $209,227 · management and general $133,490 · fundraising $11,890

• 19 · Conferences, conventions and meetings

  total $76,747 · program services $42,874 · management and general $29,320 · fundraising $4,553

• 20 · Interest

  total $32,205 · program services $32,177 · fundraising $28

• 22 · Depreciation, depletion and amortization

  total $623,121 · program services $621,658 · fundraising $1,463

• 23 · Insurance

  total $225,057 · program services $209,306 · management and general $14,446 · fundraising $1,305

• 24a · Other expenses: TAXES AND LICENSES

  total $667,856 · program services $578,887 · management and general $67,162 · fundraising $21,807

• 24b · Other expenses: EQUIPMENT RENTAL AND MA

  total $308,266 · program services $294,064 · management and general $12,878 · fundraising $1,324

• 24c · Other expenses: PROGRAM EXPENSE

  total $294,681 · program services $294,681

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $111,955 · program services $51,056 · management and general $58,249 · fundraising $2,650

• 24e · All other expenses

  total $161,664 · program services $117,974 · management and general $37,935 · fundraising $5,755

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,604 · end of year $8,372

• 2 · Savings and temporary cash investments

  beginning of year $968,222 · end of year $336,070

• 3 · Pledges and grants receivable

  beginning of year $1,089,265 · end of year $832,679

• 4 · Accounts receivable

  beginning of year $2,315,036 · end of year $3,196,720

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,738 · end of year $64,630

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

  $4,944,421

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

  $3,025,771

• 10c · Land, buildings and equipment, net

  beginning of year $2,101,620 · end of year $1,918,650

• 14 · Intangible assets

  beginning of year $2,073,512 · end of year $1,817,454

• 15 · Other assets

  beginning of year $439,871 · end of year $30,666

• 17 · Accounts payable and accrued expenses

  beginning of year $958,594 · end of year $1,127,762

• 19 · Deferred revenue

  beginning of year $63,900

• 23 · Secured mortgages and notes payable

  end of year $215,028

• 25 · Other liabilities

  beginning of year $2,748,551 · end of year $3,874,331

• 27 · Net assets without donor restrictions

  beginning of year $5,164,826 · end of year $2,929,240

• 28 · Net assets with donor restrictions

  beginning of year $71,997 · end of year $58,880

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 3

MISSISSIPPI CHILDREN'S HOME SERVICES, INC., A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL OF THE BOARD.

FORM 990, SCHEDULE J, PART I, LINE 7

ORGANIZATION EXECUTIVES RECEIVE ONE-TIME BONUSES, IF FUNDS ARE AVAILABLE, BASED ON BOTH COMPANY AND INDIVIDUAL PERFORMANCE. THEY ARE APPROVED BY THE BOARD OF DIRECTORS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MY CANOPY LLC

  SEE PART VII · MS · income $0 · assets $0

  Directly controlled by MSO

• CANOPY CARES REAL ESTATE

  SEE PART VII · MS · income $0 · assets $0

  Directly controlled by MCHS