Central Mississippi Chapter Of The Msu Alumni Association is located in Ridgeland, MS. The organization was established in 2014. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Central Mississippi Chapter Of The Msu Alumni Association 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 12/2022, Central Mississippi Chapter Of The Msu Alumni Association generated $14.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $16.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OUR ALUMNI CHAPTER PROVIDES SCHOLARSHIPS TO LOCAL STUDENTS ATTENDING MISSISSIPPI STATE UNIVERSITY MSU. WE PROVIDED 8 SCHOLARSHIPS THIS YEAR BY USING THE FUNDS HELD IN OUR ENDOWMENT ACCOUNTS AT MSU THAT TOTALED $14,000 IN SCHOLARSHIPS. THIS $14,000 WAS USED TO AWARD 5 $2,000 SCHOLARSHIPS TO SENIOR HIGH SCHOOL STUDENTS WHO ATTEND HIGH SCHOOLS WITHIN THE HINDS MADISON AND RANKIN COUNTY AREAS. WE ALSO AWARDED 2 $1,000 SCHOLARSHIPS TO JUNIOR COLLEGE TRANSFER STUDENTS. IN ADDITION WE AWARDED ONE STUDENT THE CARLIE NICHOLS SCHOLARSHIP IN THE AMOUNT OF $2,000. OUR SCHOLARSHIPS ARE MEANT TO AID DESERVING STUDENTS WHO WANT TO ATTEND MSU BUT ARE IN NEED OF FINANCIAL ASSISTANCE. SCHOLARSHIPS ARE AWARDED BASED ON FINANCIAL NEED GRADES ACT SCORES LEADERSHIP ABILITY AND CHARACTER. THE MAJORITY OF MONIES RAISED BY OUR CHAPTER ARE USED TO FUND SCHOLARSHIPS. OUR LONG TERM GOAL IS TO BE ABLE TO RAISE MORE FUNDS THROUGH DONATIONS CONTRIBUTION AND FUND RAISING TO PROVIDE ADDITIONAL SCHOLARSHIPS FOR FUTURE STUDENTS. SINCE 2020 OUR LONG TERM GOAL HAS BEEN HINDERED BY THE CORONAVIRUS PANDEMIC. OUR ORGANIZATION HAS NOT BEEN ABLE TO GENERATE THE FUNDS THAT IT GENERATED BEFORE THE CORONAVIRUS PANDEMIC. THIS YEAR OUR ALUMNI CHAPTER DONATED $3,250 FROM OUR OPERATING ACCOUNT TO OUR ENDOWMENT ACCOUNTS THAT ARE HELD AT MSU. OUR GOAL THIS YEAR WAS TO FOCUS ON GROWING THE ENDOWMENT TO ENSURE THAT IT WILL CONTINUE TO GENERATE ENOUGH FUNDS TO COVER OUR MINIMUM AMOUNT OF SCHOLARSHIPS. IN 2020 OUR ORGANIZATION COMPLETED OUR PLEDGE TO ESTABLISH A $25,000 CARLIE NICHOL'S ENDOWMENT FUND THANKS TO OUR DONORS AND FUNDRAISING EFFORTS. IT IS A LONG-TERM GOAL OF OUR ORGANIZATION TO CONTINUE TO DONATE TO THIS ENDOWMENT TO INCREASE THE HISTORICAL AMOUNT TO AT LEAST $50,000. WHEN THE HISTORICAL AMOUNT EXCEEDS $50,000 IT IS OUR HOPE THAT THE EARNINGS FROM THIS ACCOUNT WILL FULLY FUND 1 $2,000 ANNUAL SCHOLARSHIP. THIS YEAR WE DONATED $1,500 OF OUR TOTAL DONATION OF $3,250 TO THE CARLIE NICHOLS ENDOWMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Logan Reeves President | 8 | $0 | |
Vacant Vice President | 0 | $0 | |
Tenika Carter Secretary | 8 | $0 | |
Selena Davis Treasurer | 6 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $7,716 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $38 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $6,862 |
Other Revenue | $0 |
Total Revenue | $14,616 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $293 |
Other expenses | $12,835 |
Total expenses | $16,378 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $41,357 |
Other assets | $0 |
Total assets | $41,357 |
Total liabilities | $0 |
Net assets or fund balances | $41,357 |