University Of Southern Mississippi Athletic Foundation

Organization Overview

University Of Southern Mississippi Athletic Foundation is located in Hattiesburg, MS. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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 Athletic 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 06/2023, University Of Southern Mississippi Athletic Foundation generated $8.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORTTO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES.


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Board, Officers & Key Employees

Name (title)Compensation
Abb Payne
President
$0
Forrest Roberts
Director
$0
Andy Woodard
Director
$0
Charley Wallace
Treasurer
$0
David Rimes
Director
$0
Dr Cathy Sessums
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adams & Reese Llp
Legal
$130,193
Wba Architecture
Architecture Services
$109,200
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$301,423
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,096,563
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,397,986
Total Program Service Revenue$22,775
Investment income $301,428
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,000
Net Gain/Loss on Asset Sales $267,289
Net Income from Fundraising Events -$103,252
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,887,226

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