Mississippi Common Fund Trust
- Assets
- $54.5k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, MS
- Founding
- 08/1997
- Data as of
- 06/2023
- EIN
- 64-0875827
Organization Overview
Mississippi Common Fund Trust is located in Oxford, MS. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mississippi Common Fund Trust 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 06/2023, Mississippi Common Fund Trust generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mississippi Common Fund Trust has awarded 54 individual grants totaling $53,715,935. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
University Of Ms Foundation Trustee | 0.01 | $0 | |
Anna Langley Vice President/secretary | 1 | $0 | |
Wendell W Weakley President/ceo | 1 | $0 | |
Maggie E Abernathy Treasurer/cfo | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,590,311 |
| Interest on Savings | $107 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,590,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $956 |
| Contributions, gifts, grants paid | $3,606,014 |
| Total expenses and disbursements | $3,606,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,471 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,471 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mississippi Common Fund Trust has awarded $3,606,014 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI NEWS AND INFORMATION CORP PURPOSE: PROVIDE LONG TERM SUPPORT FOR THE COMMUNITY | $250,000 |
UM MEDICAL CENTEROFFICE OF DEVELOPMENT PURPOSE: PROVIDE SCHOLARSHIP AND PROGRAMMATIC SUPPORT TO THE UNIVERSITY | $743,264 |
UNIVERSITY OF MISSISSIPPI FOUNDATION PURPOSE: PROVIDE SCHOLARSHIP AND PROGRAMMATIC SUPPORT TO THE UNIVERSITY | $2,612,750 |