Community Foundation Of Northwest Mississippi Inc
- Assets
- $38.4m
- Revenue
- $12.3m
- Investments
- $146.5k
- Employees
- 9
- Location
- Hernando, MS
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 94-3421724
Organization Overview
Community Foundation Of Northwest Mississippi Inc is located in Hernando, MS. The organization was established in 2003. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Northwest Mississippi Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Northwest Mississippi 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 12/2021, Community Foundation Of Northwest Mississippi Inc generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 7 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 2015, Community Foundation Of Northwest Mississippi Inc has awarded 454 individual grants totaling $13,502,914. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER BY PROVIDING RESOURCES AND LEADERSHIP TO THE CITIZENS AND NONPROFIT ORGANIZATIONS IN AN 11-COUNTY AREA OF NORTHWEST MISSISSIPPI; PROVIDING A FLEXIBLE, TAX-DEDUCTIBLE VEHICLE TO MEET THE NEEDS OF DONORS AND RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY PROGRAM WAS MAKING GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS IN ORDER TO MAKE POSITIVE CHANGE IN THE QUALITY OF LIFE THROUGHOUT ITS 11-COUNTY REGION. FOR THAT PURPOSE, IT HAS ENCOURAGED PHILANTHROPY, INCLUDING THE ESTABLISHMENT OF PERMANENTLY ENDOWED FUNDS, AMONG INDIVIDUALS, FAMILIES, CORPORATIONS AND OTHER FOUNDATIONS.
THE FOUNDATION'S SECOND LARGEST PROGRAM WAS FEED NORTHWEST MISSISSIPPI. THE COVID-19 PANDEMIC INCREASED THE NUMBER OF CHILDREN WHO ARE IDENTIFIED AS FOOD INSECURE IN NORTHWEST MISSISSIPPI. THE INITIATIVE BEGAN TO HELP GET FOOD TO THESE CHILDREN THEN ADDED HELP WITH EDUCATIONAL TECHNOLOGY NEEDS.
THE FOUNDATION'S THIRD LARGEST PROGRAM WAS WORKFORCE DEVELOPMENT. THE INITIATIVE HELPED TO INCREASE ECONOMIC EQUITY FOR LOW-WEALTH COMMUNITIES OF COLOR BY BUILDING ACCESS TO LIVING WAGE EMPLOYMENT/ENTREPRENEURSHIP SKILLS AND DEVELOPING A WORKFORCE PARTNERSHIP IN SUNFLOWER COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Fulcher President | OfficerTrustee | 50 | $135,000 |
Ann H Lamar Secretary | OfficerTrustee | 0.25 | $0 |
Mary Thompson Vice Chair | OfficerTrustee | 0.25 | $0 |
Colie Sanford Chair | OfficerTrustee | 0.25 | $0 |
Danny Williams Treasurer | OfficerTrustee | 0.25 | $0 |
Cindy Gordon Director | Trustee | 0.25 | $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 | $10,440,607 |
| Noncash contributions included in lines 1a–1f | $5,110,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,440,607 |
| Total Program Service Revenue | $588,245 |
| Investment income | $644,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $271,042 |
| Net Income from Fundraising Events | $325,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,270,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,229,884 |
| Grants and other assistance to domestic individuals. | $48,710 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,000 |
| Compensation of current officers, directors, key employees. | $23,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,598 |
| Pension plan accruals and contributions | $10,851 |
| Other employee benefits | $63,001 |
| Payroll taxes | $33,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,304 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40 |
| Office expenses | $19,212 |
| Information technology | $20,683 |
| Royalties | $0 |
| Occupancy | $33,766 |
| Travel | $4,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,951 |
| Insurance | $2,221 |
| All other expenses | $6,480 |
| Total functional expenses | $5,860,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $14,697,348 |
| Pledges and grants receivable | $800,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,926 |
| Investments—publicly traded securities | $22,744,641 |
| Investments—other securities | $146,467 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,392,407 |
| Accounts payable and accrued expenses | $44,997 |
| Grants payable | $0 |
| Deferred revenue | $1,096,428 |
| 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 | $2,143,061 |
| Total liabilities | $3,284,486 |
| Net assets without donor restrictions | $35,107,921 |
| Net assets with donor restrictions | $0 |
| 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 | $38,392,407 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Northwest Mississippi Inc has awarded $3,952,407 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
WOMENS AND CHILDRENS HEALTH PURPOSE: HEALTH SERVICES | $464,128 |
Washington, DC PURPOSE: CARES ACT-COVID RELIEF | $376,255 |
Memphis, TN PURPOSE: FOOD-GENERAL SUPPORT | $206,950 |
EMMANUAL UNITED METHODIST CH PURPOSE: MINISTRY | $146,000 |
Oxford, MS PURPOSE: EDUCATION | $124,011 |
COLONIAL HILLS CHURCH PURPOSE: GENERAL SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Community Foundation Of Northwest Mississippi Inc has recieved totaling $335,798.
| Awarding Organization | Amount |
|---|---|
Ms Breast Foundation Rolling Fork, MS PURPOSE: CANCER PROGRAMS | $184,600 |
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $50,000 |
Lynn R & Karl E Prickett Fund Greensboro, NC PURPOSE: TO ASSIST EACH ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $28,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $25,000 |
Casey Family Programs Seattle, WA PURPOSE: TO SUPPORT 2022 CRYSTAL BALL EVENT | $25,000 |
Gunzenhauser-Chapin Fund Greensboro, NC PURPOSE: TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $18,000 |
Endowment Analysis
| Beg. Balance | $18,452,957 |
| Earnings | $2,728,153 |
| Admin Expense | $182,992 |
| Net Contributions | $1,711,940 |
| Grants | $331,800 |
| Ending Balance | $22,378,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |
Community Foundation Of Acadiana Lafayette, LA | $154,976,502 | $32,964,309 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
Black Belt Community Foundation Inc Selma, AL | $7,710,786 | $9,571,772 |
Regions Foundation Birmingham, AL | $110,509,488 | $11,829,710 |
Central Alabama Community Foundation Inc Montgomery, AL | $93,881,610 | $11,219,091 |
Community Foundation Of Greater Huntsville Huntsville, AL | $48,014,878 | $14,690,741 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS | $38,392,407 | $12,270,010 |
Gulf Coast Community Foundation Inc Gulfport, MS | $35,964,703 | $3,389,932 |