Mpb Foundation
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Jackson, MS
- Founding
- 11/2016
- Data as of
- 06/2022
- EIN
- 81-3063377
Organization Overview
Mpb Foundation is located in Jackson, MS. The organization was established in 2016. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mpb Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mpb 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 06/2022, Mpb Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF EDUCATIONAL PUBLIC BROADCASTING IN MISSISSIPPI VIA SUPPORT TO MS AUTHORITY FOR EDUCATIONAL TELEVISION
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIT AND SUPPORT MS AUTHORITY FOR EDUCATIONAL TELEVISION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Penick Vice Chair | OfficerTrustee | 5 | $0 |
Melvin V Priester Jr Secretary | OfficerTrustee | 5 | $0 |
Don B Cannada Chairman | OfficerTrustee | 5 | $0 |
Jon Turner Treasurer | OfficerTrustee | 5 | $0 |
David Allen Director | Trustee | 5 | $0 |
Cissy Anklam Director | Trustee | 5 | $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 | $2,052,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,052,735 |
| Total Program Service Revenue | $7,000 |
| Investment income | -$166,331 |
| 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 | $1,895,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $540,777 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $225,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,333 |
| Payroll taxes | $17,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,792 |
| Fees for services: Lobbying | $69,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,895 |
| Office expenses | $5,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,872 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,302 |
| Insurance | $14,982 |
| All other expenses | $167,423 |
| Total functional expenses | $1,520,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,631,329 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $294,116 |
| 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 | $4,282 |
| Net Land, buildings, and equipment | $38,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,019,258 |
| Total assets | $2,987,587 |
| Accounts payable and accrued expenses | $82,930 |
| Grants payable | $0 |
| 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 | $82,930 |
| Net assets without donor restrictions | $2,770,841 |
| Net assets with donor restrictions | $133,816 |
| 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 | $2,987,587 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mpb Foundation has recieved totaling $1,829.
| Awarding Organization | Amount |
|---|---|
Brevard Family Foundation Tupelo, MS PURPOSE: EDUCATIONAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $429 |
Kathryn & Julian Wiener Fund Montgomery, AL PURPOSE: GENERAL FUND | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World War Ii Theatre Inc New Orleans, LA | $71,080,444 | $7,985,731 |
Foundation For Excellence In Louisiana Public Broadcasting Baton Rouge, LA | $50,029,430 | $8,763,063 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Frist Art Museum Foundation Nashville, TN | $70,216,759 | $5,732,814 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
Mpb Foundation Jackson, MS | $2,987,587 | $1,895,017 |
Dixon Gallery & Gardens Memphis, TN | $38,922,507 | $2,396,670 |
Charles H Coolidge Medal Of Honor Heritage Center Chattanooga, TN | $4,912,391 | $1,373,685 |
Louisiana Museum Foundation New Orleans, LA | $4,580,494 | $1,296,450 |