Mississippi State University Foundation Inc
- Assets
- $706.9m
- Revenue
- $79.7m
- Investments
- $607.8m
- Employees
- 87
- Location
- Mississippi State, MS
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 64-0410581
Organization Overview
Mississippi State University Foundation Inc is located in Mississippi State, MS. The organization was established in 1997. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, Mississippi State University Foundation Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi State University Foundation Inc 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, Mississippi State University Foundation Inc generated $79.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $50.9m during the year ending 06/2022. While expenses have increased by 0.6% 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.
Since 2015, Mississippi State University Foundation Inc has awarded 24 individual grants totaling $295,726,312. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THIS INCLUDES AMOUNTS PAID TO MISSISSIPPI STATE UNIVERSITY FOR SCHOLARSHIPS AND OTHER REQUESTS SUCH AS RESEARCH, TEACHING NEEDS AND OTHER DEPARTMENTAL REQUESTS.
THIS INCLUDES AMOUNTS PAID TO THE BULLDOG CLUB PRIMARILY FOR ATHLETIC NEEDS.
THIS INCLUDES AMOUNTS PAID TO THE ALUMNI ASSOCIATION TO SUPPLEMENT THEIR PROGRAM IN SERVICING THE ALUMNI OF MISSISSIPPI STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony L Wilson Chair Of The Board | OfficerTrustee | 1 | $0 |
Rodger L Johnson Vice Chair Of The Board | OfficerTrustee | 1 | $0 |
Paul Karre Treasurer | OfficerTrustee | 1 | $0 |
David Abney Director | Trustee | 1 | $0 |
Boyce E Adams Sr Director | Trustee | 1 | $0 |
Richard C Adkerson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zuri Group Consulting Services | 6/29/22 | $307,143 |
Baker Donelson Bearman & Caldwell Legal & Policy Services | 6/29/22 | $238,851 |
Hederman Brothers Commercial Printing Services | 6/29/22 | $237,480 |
Calpro Llc Electrical Calibration Services | 6/29/22 | $150,000 |
One Diversified Llc Eqpt & Installation Services | 6/29/22 | $132,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,085,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,364,435 |
| Noncash contributions included in lines 1a–1f | $18,971,455 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,449,901 |
| Total Program Service Revenue | $0 |
| Investment income | $4,371,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $346,259 |
| Net Gain/Loss on Asset Sales | $7,148,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,749,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,670,203 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $932,929 |
| Compensation of current officers, directors, key employees. | $462,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,054,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $891,912 |
| Payroll taxes | $67,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $276,383 |
| Fees for services: Accounting | $230,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $985,988 |
| Fees for services: Other | $685,668 |
| Advertising and promotion | $1,066 |
| Office expenses | $995,399 |
| Information technology | $426,246 |
| Royalties | $0 |
| Occupancy | $500 |
| Travel | $229,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $753,307 |
| Insurance | $0 |
| All other expenses | $190,025 |
| Total functional expenses | $50,851,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,369,357 |
| Pledges and grants receivable | $44,085,232 |
| Accounts receivable, net | $304,081 |
| 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 | $0 |
| Net Land, buildings, and equipment | $44,271,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $607,829,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,859,370 |
| Accounts payable and accrued expenses | $2,077,172 |
| Grants payable | $0 |
| Deferred revenue | $2,123,947 |
| 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 | $2,667,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,209,016 |
| Total liabilities | $24,077,268 |
| Net assets without donor restrictions | $58,072,588 |
| Net assets with donor restrictions | $624,709,514 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $706,859,370 |
Grants Awarded
Over the last fiscal year, Mississippi State University Foundation Inc has awarded $39,670,203 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI STATE UNIVERSITY PURPOSE: PROVIDE FUNDS FOR LEARNING/SCHOLARSHIPS, SERVICE AND RESEARCH | $36,925,141 |
BULLDOG CLUB PURPOSE: PROVIDE CONTRIBUTED FUNDS DESIGNATED TO SUPPORT THE MSU ATHLETIC PROGRAMS | $1,707,478 |
MSU ALUMNI ASSOCIATION PURPOSE: PROVIDE FUNDS TO THE ORG. TO HELP SUPPORT MSU THROUGH PROGRAMS AND ACTIVITIES FOR ALUMNI | $1,037,584 |