University Of Southern Mississippi Athletic Foundation

Organization Overview

University Of Southern Mississippi Athletic Foundation is located in Hattiesburg, MS. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Southern Mississippi Athletic Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, University Of Southern Mississippi Athletic Foundation generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORTTO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES.


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Board, Officers & Key Employees

Name (title)Compensation
Abb Payne
Treasurer
$0
Dr Cathy Sessums
President
$0
Dr Jay Henderson
Secretary
$0
Jeremy Mcclain
CEO & Chairman Of The Boar
$0
Mack Grubbs
Vice President
$0
Christi Holloway
CFO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Codaray Construction Llc
Construction
$309,932
James W Hopson
Contract Services
$291,667
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$187,971
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,689,276
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,877,247
Total Program Service Revenue$500,000
Investment income $438,641
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,000,000
Net Gain/Loss on Asset Sales $776,871
Net Income from Fundraising Events -$48,142
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,544,617

Grants Recieved

Over the last fiscal year, we have identified 7 grants that University Of Southern Mississippi Athletic Foundation has recieved totaling $47,352.

Awarding OrganizationAmount
University Of Southern Mississippi Alumni Association

Hattiesburg, MS

PURPOSE: ATHLETIC SUPPORT

$19,500
University Of Southern Mississippi Foundation

Hattiesburg, MS

PURPOSE: USM ATHLETICS

$11,467
Favre 4 Hope Inc

Gulfport, MS

PURPOSE: EDUCATION

$10,000
Leo Seal Family Foundation

Bay St Louis, MS

PURPOSE: RECREATION, SPORTS & YOUTH DEVELOPMENT

$2,500
Mckesson Foundation

Dallas, TX

PURPOSE: CHARITABLE

$2,200
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$1,600
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,478,208
Earnings-$908,646
Admin Expense$169,381
Net Contributions$107,765
Grants$160,535
Ending Balance$7,347,411

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