Mississippi University For Women Foundation
- Assets
- $51.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 12/1965
- Data as of
- 06/2020
- EIN
- 23-7050717
Organization Overview
Mississippi University For Women Foundation is located in Columbus, MS. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mississippi University For Women 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 06/2020, Mississippi University For Women Foundation generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MISSISSIPPI UNIVERSITY FOR WOMEN FOUNDATION IS A MISSISSIPPI NON PROFIT CHARTERED TO FOSTER, ENCOURAGE AND PROMOTE THE EDUCATIONAL PURPOSES OF MISSISSIPPI UNIVERSITY FOR WOMEN BY PROVIDING VITAL PRIVATE SUPPORT TO ENRICH AND EMBRACE THE ACADEMIC QUALITY AND REPUTATION OF THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT TO MISSISSIPPI UNIVERSITY FOR WOMEN TO FUND STUDENT SCHOLARSHIPS AND FACULTY CHAIRS.
DIRECT SUPPORT TO MISSISSIPPI UNIVERSITY FOR WOMEN THROUGH FUNDING PROVIDED TO UNIVERSITY DEPARTMENTS FOR VARIOUS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Ross Secretary | OfficerTrustee | 1 | $0 |
Jennifer Katool Vice Chairman | OfficerTrustee | 1 | $0 |
Ralph Mclain Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Dr Terry Jones Treasurer | OfficerTrustee | 1 | $0 |
Dr Jayne Perkins-Brown Chairman | OfficerTrustee | 1 | $0 |
Andrea Stevens Executive Director | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,967,383 |
| Investment income | $1,151,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,119,339 |
| Net Income from Fundraising Events | -$132,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,261,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,985,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,798 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,842 |
| Office expenses | $6,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,934 |
| Insurance | $5,415 |
| All other expenses | $0 |
| Total functional expenses | $3,659,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,646 |
| Savings and temporary cash investments | $133,063 |
| Pledges and grants receivable | $355,737 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,599 |
| Investments—publicly traded securities | $50,227,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,403 |
| Total assets | $51,465,456 |
| Accounts payable and accrued expenses | $154,568 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $93,872 |
| Other liabilities | $586,091 |
| Total liabilities | $834,531 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $50,630,925 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Mississippi University For Women Foundation has recieved totaling $515,694.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing scholarships. | $155,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: INNOVATIVE LEARNING LABS PROJECT | $150,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: INNOVATIVE LEARNING LABS PROJECT | $150,000 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: HELP WITH THE COSTS OF ITS MULTIPURPOSE SKILLS LAB FOR NURSING STUDENTS | $25,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,000 |
C Spire Wireless Foundation Ridgeland, MS PURPOSE: ANNUAL SCHOLARSHIP | $6,000 |
Endowment Analysis
| Beg. Balance | $45,821,584 |
| Earnings | $13,444,793 |
| Net Contributions | $1,399,515 |
| Grants | $3,344,243 |
| Ending Balance | $57,321,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Middle Tennessee State University Foundation Murfreesboro, TN | $117,999,587 | $16,471,509 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Chattanooga Foundation Inc Chattanooga, TN | $205,885,270 | $12,953,560 |
The Valley Foundation Huntsville, AL | $15,802,575 | $12,088,655 |
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |