Tri-State Educational Foundation
- Assets
- $2.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Iuka, MS
- Founding
- 07/1999
- Data as of
- 09/2022
- EIN
- 64-0899593
Organization Overview
Tri-State Educational Foundation is located in Iuka, MS. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2022, Tri-State Educational Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-State Educational 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 09/2022, Tri-State Educational Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.0m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tri-State Educational Foundation has awarded 88 individual grants totaling $3,391,874. 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
THE FOUNDATION PROVIDES FUNDING FOR EDUCATIONAL SCHOLARSHIPS AND GRANTS TO QUALIFIED APPLICANTS.
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES FUNDING FOR EDUCATIONAL SCHOLARSHIPS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Ferguson Secretary/tr | OfficerTrustee | 5 | $240 |
Bob Ferguson President | OfficerTrustee | 5 | $240 |
Mary D Lambert Director | Trustee | 1 | $240 |
Sara Ellington Director | Trustee | 1 | $240 |
Nancy Brown Director | Trustee | 1 | $240 |
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 | $1,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,820,100 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,831,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $349,096 |
| Grants and other assistance to domestic individuals. | $535,908 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,200 |
| Compensation of current officers, directors, key employees. | $1,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,895 |
| Advertising and promotion | $24,002 |
| Office expenses | $6,215 |
| 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 | $1,810 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,923 |
| Insurance | $5,922 |
| All other expenses | $0 |
| Total functional expenses | $1,025,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,197,584 |
| Savings and temporary cash investments | $0 |
| 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 | $14,262 |
| Net Land, buildings, and equipment | $12,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $147,513 |
| Total assets | $2,371,826 |
| Accounts payable and accrued expenses | $21,484 |
| Grants payable | $60,545 |
| 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 | $147,313 |
| Total liabilities | $229,342 |
| Net assets without donor restrictions | $2,142,484 |
| Net assets with donor restrictions | $0 |
| 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 | $2,371,826 |
Grants Awarded
Over the last fiscal year, Tri-State Educational Foundation has awarded $326,587 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TISHOMINGO COUNTY SCHOOL DISTRICT PURPOSE: EDUCATION | $134,380 |
Cleveland, MS PURPOSE: EDUCATION | $121,300 |
UNIVERSITY OF MISSISSIPPI FD PURPOSE: EDUCATION | $25,000 |
BOYS AND GIRLS CLUB PURPOSE: EDUCATION | $20,000 |
MSU FOUNDATION PURPOSE: EDUCATION | $20,000 |
IUKA MIDDLE SCHOOL PURPOSE: EDUCATION | $5,907 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tri-State Educational Foundation has recieved totaling $7.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
The Dch Foundation Inc Tuscaloosa, AL | $14,560,512 | $4,470,605 |