Foundation For Mississippi History
- Assets
- $5.4m
- Revenue
- $936.3k
- Investments
- $4.2m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 20-2649529
Organization Overview
Foundation For Mississippi History is located in Jackson, MS. The organization was established in 2005. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Foundation For Mississippi History 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, Foundation For Mississippi History generated $936.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $570.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT FUNDRAISING EFFORTS TO HELP SUPPORT AND PROMOTE THE ACTIVITIES, PROGRAMS, PROJECTS, AND PURPOSES OF THE MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY (MDAH). THE FOUNDATION SHALL ACHIEVE ITS PURPOSE BY SOLICITING AND EXPENDING FUNDS SUBJECT TO THE APPROVAL OF THE MDAH BOARD OF TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FOR MISSISSIPPI HISTORY (THE FOUNDATION) WAS ESTABLISHED TO HELP SUPPORT AND PROMOTE THE ACTIVITIES, PROGRAMS, PROJECTS, AND PURPOSES OF THE MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY (MDAH). THE MAJOR PROGRAM OF THE FOUNDATION IS THE SUPPORT AND PROMOTION OF MDAH PROGRAMS AND ACTIVITIES AND FOR THE DESIGN, CONSTRUCTION, INSTALLATION OF EXHIBITS, AND ACTIVITIES OF THE MUSEUM OF MISSISSIPPI HISTORY AND MISSISSIPPI CIVIL RIGHTS MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Blount President | OfficerTrustee | 3 | $0 |
Robert Benson Secretary | OfficerTrustee | 3 | $0 |
Mike Espy Board Member | Trustee | 1 | $0 |
Jack Garner Board Member | Trustee | 1 | $0 |
Beverly Hogan Board Member | Trustee | 1 | $0 |
John N Palmer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,695 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $704,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $735,000 |
| Total Program Service Revenue | $0 |
| Investment income | $85,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $936,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $16,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $49,600 |
| Fees for services: Investment Management | $28,382 |
| Fees for services: Other | $274,405 |
| Advertising and promotion | $13,148 |
| Office expenses | $1,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,871 |
| All other expenses | $0 |
| Total functional expenses | $570,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,243,299 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,183,759 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,427,058 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $303,375 |
| Net assets with donor restrictions | $5,123,683 |
| 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 | $5,427,058 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Mississippi History has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
The Sally And Dick Molpus Foundation Philadelphia, MS PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $150,000 |
Endowment Analysis
| Beg. Balance | $3,589,511 |
| Earnings | $172,105 |
| Admin Expense | $175,000 |
| Net Contributions | $702,695 |
| Ending Balance | $4,289,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tigers Unlimited Foundation Auburn, AL | $119,888,484 | $62,585,333 |
Northshore Community Foundation Covington, LA | $35,281,290 | $6,747,266 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Boys And Girls Club Of Benton County Bentonville, AR | $4,739,597 | $3,092,938 |
William C Schumacher Family Foundation Lafayette, LA | $29,256,069 | $1,867,606 |
Northeast Mississippi Community College Development Foundation Inc Booneville, MS | $9,147,275 | $6,327,206 |
E J & Marjory B S Ourso Family Foundation Donaldsonville, LA | $16,315,954 | $1,880,308 |
Oaklawn Foundation Hot Springs, AR | $0 | $1,296,224 |
Annie Lowe Stiles Trust Shreveport, LA | $1,630,567 | $1,161,208 |
Cma Foundation Nashville, TN | $8,744,093 | $2,339,008 |
Centers For Youth And Families Foundation Little Rock, AR | $4,763,963 | $969,896 |
Heymann-Wolf Foundation New Orleans, LA | $9,244,420 | $527,396 |