Mississippi Bar Foundation Inc
- Assets
- $5.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/1964
- Data as of
- 07/2024
- EIN
- 64-6029087
Organization Overview
Mississippi Bar Foundation Inc is located in Jackson, MS. The organization was established in 1964. 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. Mississippi Bar Foundation Inc 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 07/2024, Mississippi Bar Foundation Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $528.9k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mississippi Bar Foundation Inc has awarded 93 individual grants totaling $6,611,662. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE ADMINISTRATION OF JUSTICE BY PROVIDING SUPPORT FOR LEGAL SERVICES TO THE POOR AND NEEDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF JUSTICE: THROUGH THE INTEREST ON LAWYERS TRUST ACCOUNT PROGRAM (IOLTA), THE FOUNDATION GAVE GRANTS TOTALING 150,000 TO SEVEN ORGANIZATIONS IN THE CATEGORIES OF LEGAL AID TO THE POOR, LAW-RELATED EDUCATION, AND IMPROVEMENTS IN THE ADMINISTRATION OF JUSTICE. THE IOLTA PROGRAM ALSO PROVIDED FUNDING TO THE LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP) TO ASSIST LAW SCHOOL GRADUATES PURSUE A CAREER IN PUBLIC INTEREST AND SERVE THE POOR OR UNDERSERVED POPULATIONS THROUGH DIRECT LEGAL SERVICES (7,500). THREE ATTORNEYS EMPLOYED BY IOLTA GRANTEES RECEIVED FINANCIAL ASSISTANCE WITH THEIR LAW SCHOOL LOANS (AS APPROVED BY THE BOARD). THROUGH THE FELLOWS PROGRAM, A GRANT FOR 3,500 WAS PROVIDED TO THE MISSISSIPPI BAR FOR A HEALTH & WELLNESS SPONSORSHIP.
SCIENCE OF JURISPRUDENCE: SCHOLARSHIPS FOR 2,000 EACH WERE AWARDED TO TWO LAW STUDENTS AT THE MISSISSIPPI COLLEGE SCHOOL OF LAW AND TWO LAW STUDENTS AT THE UNIVERSITY OF MISSISSIPPI SCHOOL OF LAW.
IMPROVEMENT OF RELATIONS: THE ANNUAL MEETING WAS HELD IN CONJUNCTION WITH THE FELLOWS INDUCTION CEREMONY AND MEMORIAL SERVICE RECOGNIZING ALL FELLOWS THAT HAVE PASSED AWAY DURING THE YEAR FOR THEIR CONTRIBUTION TO THE PUBLIC AND PROFESSION. THE PRESENTATION OF THE FOUNDATION'S PROFESSIONALISM AWARD AND LAW-RELATED PUBLIC EDUCATION AWARD WERE HIGHLIGHTS OF THE MEETING. THE AWARD WINNERS AND NEWLY INDUCTED FELLOWS WERE HONORED DURING THE MS BAR FOUNDATION FELLOWS DINNER HELD IN FLORIDA AT THE MS BAR CONVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Cal Mayo Jr President | OfficerTrustee | 1 | $0 |
Tammra O Cascio President-El | OfficerTrustee | 1 | $0 |
Vicki R Leggett Past-Preside | OfficerTrustee | 1 | $0 |
James L Henley Jr Secretary/tr | OfficerTrustee | 1 | $0 |
Anthony L Farese Trustee | Trustee | 1 | $0 |
Bradley F Hathaway Trustee | Trustee | 1 | $0 |
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 | $2,124,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,124,566 |
| Total Program Service Revenue | $71,590 |
| Investment income | $59,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $157,584 |
| 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 | $2,412,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,500 |
| Grants and other assistance to domestic individuals. | $15,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,769 |
| Advertising and promotion | $0 |
| Office expenses | $3,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,449 |
| Travel | $1,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,178 |
| Insurance | $16,967 |
| All other expenses | $497 |
| Total functional expenses | $528,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,478,528 |
| Savings and temporary cash investments | $704,037 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,200 |
| 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 | $2,348 |
| Net Land, buildings, and equipment | $586,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225 |
| Total assets | $5,946,207 |
| Accounts payable and accrued expenses | $17,901 |
| Grants payable | $91,583 |
| 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 | $0 |
| Total liabilities | $109,484 |
| Net assets without donor restrictions | $1,361,671 |
| Net assets with donor restrictions | $4,475,052 |
| 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 | $5,946,207 |
Grants Awarded
Over the last fiscal year, Mississippi Bar Foundation Inc has awarded $153,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GULF COAST CENTER FOR NONVIOLENCE PURPOSE: LEGAL ASSISTANCE | $7,421 |
MS CENTER FOR JUSTICE PURPOSE: LEGAL ASSISTANCE | $14,757 |
MS VOLUNTEER LAWYERS PROJECT PURPOSE: LEGAL ASSISTANCE | $13,228 |
MS CENTER FOR LEGAL SERVICES PURPOSE: LEGAL ASSISTANCE | $31,406 |
NORTH MS RURAL LEGAL SERVICES PURPOSE: LEGAL ASSISTANCE | $20,937 |
THE MISSISSIPPI BAR PURPOSE: LAW EDUC/ADM OF JUST | $57,838 |