Blue Cross & Blue Shield Of Mississippi Foundation
- Assets
- $126.3m
- Revenue
- $36.2m
- Investments
- $93.7m
- Employees
- 0
- Location
- Flowood, MS
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-0471034
Organization Overview
Blue Cross & Blue Shield Of Mississippi Foundation is located in Flowood, MS. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Cross & Blue Shield Of Mississippi 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 12/2022, Blue Cross & Blue Shield Of Mississippi Foundation generated $36.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 5.9% 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 2015, Blue Cross & Blue Shield Of Mississippi Foundation has awarded 359 individual grants totaling $44,998,408. 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 |
|---|---|---|---|
Thomas C Fenter MD President And Chairman, Director | 1 | $0 | |
Harry M Walker Vice Chairman, Director | 1 | $10,000 | |
Scott T Williamson Secretary, Director | 1 | $0 | |
Douglas R Garrett Treasurer, Director | 1 | $10,000 | |
Casey D Bland RN Director | 1 | $0 | |
Curtis L Greer MD Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trustmark National Bank - Wealth Management | 12/30/22 | $145,950 |
Hardy Reed Llc | 12/30/22 | $100,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000,000 |
| Interest on Savings | $6,578 |
| Dividends & Interest | $2,441,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,228,116 |
| Capital Gain Net Income | $3,228,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $504,333 |
| Total Revenue | $36,180,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,028 |
| Other employee salaries and wages | $125,644 |
| Pension plans, employee benefits | $20,607 |
| Interest | $0 |
| Taxes | $90,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,354 |
| Printing and publications | $0 |
| Other expenses | $255,572 |
| Total operating and administrative expenses | $620,449 |
| Contributions, gifts, grants paid | $5,223,764 |
| Total expenses and disbursements | $5,844,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,492,357 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $30,000,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $77,947,239 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $138,547 |
| Total assets | $126,349,939 |
| Accounts payable and accrued expenses | $39,497 |
| 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 | $14,869 |
| Total liabilities | $54,366 |
Grants Awarded
Over the last fiscal year, Blue Cross & Blue Shield Of Mississippi Foundation has awarded $5,223,764 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALCORN STATE UNIVERSITY PURPOSE: HEALTH & WELLNESS - UNIVERSITY AND COLLEGE TOBACCO-FREE POLICY TIER 3 | $30,000 |
CITY OF NETTLETON PURPOSE: HEALTH & WELLNESS - HEALTHY HEROES PROGRAM PERIOD 3 | $93,017 |
CITY OF TUPELO PURPOSE: HEALTH & WELLNESS - HEALTHY HEROES PROGRAM PERIOD 2 | $99,616 |
CITY OF SALTILLO PURPOSE: HEALTH & WELLNESS - HEALTHY HEROES PROGRAM PERIOD 2 | $92,007 |
CITY OF WEST POINT PURPOSE: HEALTH & WELLNESS - HEALTHY HEROES PROGRAM PERIOD 3 | $106,939 |
COAHOMA COMMUNITY COLLEGE PURPOSE: HEALTH & WELLNESS - UNIVERSITY AND COLLEGE TOBACCO-FREE POLICY TIER 3 | $30,000 |