University Of Southern Mississippi Research Foundation

Organization Overview

University Of Southern Mississippi Research Foundation is located in Hattiesburg, MS. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. University Of Southern Mississippi Research 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 12/2023, University Of Southern Mississippi Research Foundation generated $957.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO OVERSEE THE ACQUISITIONS OF GIFTS, CONTRIBUTIONS AND GRANTS FOR SPONSORED RESEARCH FOR INDIVIDUALS, INDUSTRIES, PRIVATE ORGANIZATIONS AND GOVERNMENT AGENCIES AND TO ASSIST WITH TRANSFERRING TECHNOLOGY DEVELOPED THROUGH THE FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A PUBLIC INSTITUTION OF THE STATE OF MISSISSIPPI.


THROUGH USM - USM RESEARCH FOUNDATION LAUNCHED GULF BLUE INITIATIVE ON THE MISSISSIPPI GULF COAST - CAPITALIZING ON THE COAST'S GEOGRAPHY AND MARITIME RESOURCES. GULF BLUE INITIATIVE IS STRATEGICALLY INVESTING IN MARITIME INFRASTRUCTURE TO ADVANCE TECHNOLOGY THROUGH INNOVATION CLUSTERS SUCH AS: UNCREWED MARITIME SYSTEMS, OCEAN - FRIENDLY PLASTICS, PRECISION AQUACULTURE, SMART PORTS, SEA-SPACE SYSTEMS AND COASTAL DATA.


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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$141,259
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$141,259
Total Program Service Revenue$794,125
Investment income $7,012
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 $957,360

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