Blue Cross & Blue Shield Of Mississippi Foundation
- Assets
- $119.6m
- Revenue
- $5.9m
- Investments
- $117.1m
- Employees
- 0
- Location
- Flowood, MS
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-0471034
Organization Overview
Blue Cross & Blue Shield Of Mississippi Foundation is located in Flowood, MS. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Cross & Blue Shield Of Mississippi 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 12/2021, Blue Cross & Blue Shield Of Mississippi Foundation generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Blue Cross & Blue Shield Of Mississippi Foundation has awarded 335 individual grants totaling $39,774,644. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Grogan President | 20 | $93,871 | |
Melisa Stewart Community & Foundati | 28 | $85,797 | |
Eugenia King Health & Fitness COO | 27 | $73,254 | |
Laken Johnston Community & Foundati | 7 | $56,024 | |
Douglas R Garrett Treasurer, Director | 1 | $8,000 | |
Joyce Yates Director | 1 | $8,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trustmark National Bank - Wealth Management | 12/30/21 | $169,934 |
Hardy Reed Llc | 12/30/21 | $112,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $84,538 |
| Interest on Savings | $14,400 |
| Dividends & Interest | $2,878,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,796,452 |
| Capital Gain Net Income | $2,796,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,820 |
| Total Revenue | $5,854,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,251 |
| Other employee salaries and wages | $139,198 |
| Pension plans, employee benefits | $32,747 |
| Interest | $0 |
| Taxes | $214,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,689 |
| Printing and publications | $0 |
| Other expenses | $387,089 |
| Total operating and administrative expenses | $985,598 |
| Contributions, gifts, grants paid | $9,864,794 |
| Total expenses and disbursements | $10,850,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,371,015 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $104,584,220 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $103,181 |
| Total assets | $119,611,651 |
| Accounts payable and accrued expenses | $48,087 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $380,650 |
| Total liabilities | $428,737 |
Grants Awarded
Over the last fiscal year, Blue Cross & Blue Shield Of Mississippi Foundation has awarded $9,864,794 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Indianola, MS PURPOSE: HEALTH & WELLNESS - INDIANOLA COMMUNITY WELLNESS CENTER - CONSTRUCTION FEES | $5,000,000 |
Jackson, MS PURPOSE: HEALTH & WELLNESS - LEFLEUR'S BLUFF STATE PARK PLAYGROUND, OUTDOOR CLASSROOM AND PAVILION AND MUSEUM TRAIL | $2,230,000 |
Indianola, MS PURPOSE: HEALTH & WELLNESS - INDIANOLA COMMUNITY WELLNESS CENTER - FURNITURE, FIXTURES AND EQUIPMENT | $700,000 |
Memphis, TN PURPOSE: HEALTH & WELLNESS - COMMUNITY WALKING TRAIL | $648,335 |
Indianola, MS PURPOSE: HEALTH & WELLNESS - INDIANOLA COMMUNITY WELLNESS CENTER - ARCHITECT FEES | $144,000 |
Jackson, MS PURPOSE: HEALTH & WELLNESS - LEFLEUR'S BLUFF STATE PARK PLAYGROUND, OUTDOOR CLASSROOM AND PAVILION AND MUSEUM TRAIL - PROJECT SUSTAINABILITY | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Carolyn W And Charles T Beaird Family Foundation Shreveport, LA | $22,995,205 | $2,507,521 |
Beginners Mind Inc Baton Rouge, LA | $244,674 | $1,680,665 |
Pedigree Foundation Franklin, TN | $3,717,037 | $1,647,417 |