West Point Community Foundation Inc
- Assets
- $2.3m
- Revenue
- $183.3k
- Investments
- $308.5k
- Employees
- 0
- Location
- West Point, MS
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 64-0869545
Organization Overview
West Point Community Foundation Inc, operating under the name West Point Community Foundation, is located in West Point, MS. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. West Point Community 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, West Point Community Foundation generated $183.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $34.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE AND ENHANCE THE QUALITY OF LIFE FOR CITIZENS OF WEST POINT AND CLAY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED UPKEEP AND MAINTENENCE FOR ONE OF THE CITY'S OLDEST DOWNTOWN BUILDINGS AND THE ADJACENT READING PARK. THE BUILDING AND READING PARK ARE ADJACENT TO OUR PUBLIC LIBRARY. THE BUILDING CONTAINS CITY ARTIFACTS, AND IS USED FOR PLANNING SESSIONS FOR DOWNTOWN EVENTS PROMOTING THE FOUNDATION'S MISSION OF HISTORICAL PRESERVATION. THE READING PARK SUPPORTS THE FOUNDATION'S MISSION OF CULTURAL ENRICHMENT.
PROVIDED SUPPORT FOR FESTIVALS AND EVENTS SPONSORED BY OUR LOCAL GROWTH ALLIANCE FOCUSED ON CULTURAL ACTIVITIES AND COMMUNITY DEVELOPMENT WHICH SUPPORTS THE FOUNDATION'S MISSION OF CULTURAL ENRICHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Bryan Vice Preside | Officer | 0.25 | $0 |
Kenneth D Dill President | Officer | 0.25 | $0 |
Robin Y Mccormick Sec/treas | Officer | 0.5 | $0 |
Louise Campbell Trustee | Trustee | 0.25 | $0 |
Dewel G Brasher Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $183,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,486 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,263 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,611 |
| All other expenses | $0 |
| Total functional expenses | $34,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,945 |
| Savings and temporary cash investments | $18,984 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $347,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $308,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,562,429 |
| Total assets | $2,315,810 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,315,811 |
| 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 | $2,315,811 |
Grants Awarded
Over the last fiscal year, West Point Community Foundation Inc has awarded $11,221 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
West Point, MS PURPOSE: CULTURAL | $6,107 |
CITY OF WEST POINTPARKWAY PURPOSE: CITY BEAUTIFICATION | $5,114 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Point Community Foundation Inc has recieved totaling $6,107.
| Awarding Organization | Amount |
|---|---|
West Point Community Foundation Inc West Point, MS PURPOSE: CULTURAL | $6,107 |
Endowment Analysis
| Beg. Balance | $1,290,557 |
| Earnings | $183,195 |
| Admin Expense | $15,263 |
| Other Expense | $46,100 |
| Ending Balance | $1,412,389 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
Black Belt Community Foundation Inc Selma, AL | $7,710,786 | $9,571,772 |
Regions Foundation Birmingham, AL | $110,509,488 | $11,829,710 |
Central Alabama Community Foundation Inc Montgomery, AL | $93,881,610 | $11,219,091 |
Community Foundation Of Greater Huntsville Huntsville, AL | $48,014,878 | $14,690,741 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS | $38,392,407 | $12,270,010 |
Gulf Coast Community Foundation Inc Gulfport, MS | $35,964,703 | $3,389,932 |
Walker Area Community Foundation Jasper, AL | $95,971,007 | $6,641,210 |
Community Foundation Of Northeast Alabama Anniston, AL | $60,906,122 | $6,223,270 |
The Greater Pinebelt Community Foundation Hattiesburg, MS | $25,456,911 | $10,495,358 |
Asbury Foundation Of Hattiesburg Inc Hattiesburg, MS | $35,034,699 | $3,739,935 |