Delta Regional Foundation
- Assets
- $1.4m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Olive Branch, MS
- Founding
- 08/2000
- Data as of
- 05/2024
- EIN
- 64-0917739
Organization Overview
Delta Regional Foundation is located in Olive Branch, MS. The organization was established in 2000. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Regional 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 05/2024, Delta Regional Foundation generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $7.5m during the year ending 05/2024. While expenses have increased by 2.0% per year over the past 8 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 2020, Delta Regional Foundation has awarded 79 individual grants totaling $3,736,390. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherrie Driver President | 0 | $0 | |
Walter Stigler Vice-Preside | 0 | $0 | |
Lloyd B Clark Jr Treasurer | 0 | $0 | |
Allison Ryan Secretary | 0 | $0 | |
Joe Lang Exe Director | 0 | $125,000 | |
Kevin Mcguffee Exe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $491,000 |
| Interest on Savings | $0 |
| 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 | $7,279,658 |
| Total Revenue | $7,770,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $273,241 |
| Pension plans, employee benefits | $37,573 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,301 |
| Occupancy | $234,629 |
| Travel, conferences, and meetings | $15,302 |
| Printing and publications | $0 |
| Other expenses | $6,235,193 |
| Total operating and administrative expenses | $6,993,247 |
| Contributions, gifts, grants paid | $478,000 |
| Total expenses and disbursements | $7,471,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $967,476 |
| Savings and temporary cash investments | $202,897 |
| 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 | $153,333 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $27,239 |
| Other assets | $36,576 |
| Total assets | $1,387,521 |
| Accounts payable and accrued expenses | $58,420 |
| 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 | -$6 |
| Total liabilities | $58,414 |
Grants Awarded
Over the last fiscal year, Delta Regional Foundation has awarded $478,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSE OF GRACE PURPOSE: PROGRAM SUPPORT | $220,500 |
DELTA STATE UNIVERSITY FDN INC PURPOSE: EDUCATION FUNDING | $257,500 |