Mississippi Sports Medicine Foundation
- Assets
- $1.1m
- Revenue
- $300.4k
- Investments
- $907.6k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 64-0869099
Organization Overview
Mississippi Sports Medicine Foundation is located in Jackson, MS. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Sports Medicine 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 12/2022, Mississippi Sports Medicine Foundation generated $300.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $308.0k during the year ending 12/2022. While expenses have increased by 9.7% 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 2016, Mississippi Sports Medicine Foundation has awarded 70 individual grants totaling $1,614,207. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH & ACCIDENT INSURANCE TO INDIGENT STUDENT ATHLETES TO COVER INJURIES SUSTAINED IN ATHLETIC EVENTS, ASSIST WITH ATHLETIC TRAINER PAY, AND ASSIST WITH HIGH SCHOOL STUDENT PHYSICALS
PROVIDE FUNDS TO ASSIST SCHOOLS IN IMPROVEMENT OF ATHLETIC TRAINING FACILITIES, AND COMMUNITIES FOR PLAYGROUNDS AND OTHER USES.
PROVIDE SCHOLARSHIPS FOR INDIVIDUALS WHO ARE STUDENTS AT ACCREDITED INSTITUTIONS OF HIGHER LEARNING PURSUING A COURSE OF STUDY LEADING TO A DREGREE IN ATHLETIC TRAINING, PHYSICAL THERAPY OR A SIMILAR FIELD OF STUDY RELATED TO SPORTS MEDICINE, ETC.
PROVIDE ASSISTANCE FOR HIP AND KNEE FELLOWSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Larry D Field President | 1 | $0 | |
Allen Anderson Treasurer | 2 | $0 | |
Dr Jason A Craft Vice President | 1 | $0 | |
Greg Shoemaker Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $243,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,080 |
| Capital Gain Net Income | $21,080 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $205 |
| Total operating and administrative expenses | $9,515 |
| Contributions, gifts, grants paid | $298,531 |
| Total expenses and disbursements | $308,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,417 |
| Savings and temporary cash investments | $0 |
| 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 | $907,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,065,998 |
| Accounts payable and accrued expenses | $0 |
| 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 | $28,265 |
| Total liabilities | $28,265 |
Grants Awarded
Over the last fiscal year, Mississippi Sports Medicine Foundation has awarded $298,531 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ANNADALE GOLF CLUB PURPOSE: ATHLETIC TRAINERS | $47,500 |
JACKSON FUTBOL CLUB PURPOSE: TRAINERS/EQUIPMENT | $12,000 |
MFC CLUB PURPOSE: TRAINERS/EQUIPMENT | $15,000 |
MIDSOUTH ASSOCIATION OF INDEPENDENT SCHOOLS PURPOSE: ATHLETIC TRAINER EDUCATION | $4,000 |
BELHAVEN UNIVERSITY PURPOSE: TRAINERS/EQUIPMENT | $20,000 |
USOP PURPOSE: STUDENT PHYSICALS AND FELLOWSHIP EXPENSES | $20,304 |