Mid-South Synergy Charitable Foundation Inc
- Assets
- $243.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Navasota, TX
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 27-4376574
Organization Overview
Mid-South Synergy Charitable Foundation Inc is located in Navasota, TX. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mid-South Synergy Charitable 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 12/2021, Mid-South Synergy Charitable Foundation Inc generated $173.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $154.6k during the year ending 12/2021. While expenses have increased by 0.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DURING 2021 THE FOUNDATION GRANTED $151,000. THE FOUNDATION AWARDED $119,000 IN GRANTS TO 9 LOCAL CHARITIES AND FOOD BANKS, AND 32 $1,000 COLLEGE SCHOLARSHIPS TOTALING $32,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Kelton President | 1 | $0 | |
Mike Mcdougald Vice President | 1 | $0 | |
Jack Shepherd Director | 1 | $0 | |
James Morrison Director | 1 | $0 | |
Dennis Mcwhorter Director | 1 | $0 | |
Andrew Dallmeyer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,994 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $173,014 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,975 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $665 |
| Total expenses | $154,640 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $243,417 |
| Other assets | $0 |
| Total assets | $243,417 |
| Total liabilities | $2,123 |
| Net assets or fund balances | $241,294 |
Peer Organizations
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|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |