University Of Mississippi Research Foundation
- Assets
- $15.3m
- Revenue
- $729.9k
- Investments
- $0.0
- Employees
- 0
- Location
- University, MS
- Founding
- 02/2002
- Data as of
- 06/2016
- EIN
- 31-1813143
Organization Overview
University Of Mississippi Research Foundation is located in University, MS. The organization was established in 2002. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Mississippi Research 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 06/2016, University Of Mississippi Research Foundation generated $729.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2016. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 2 years. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF MISSISSIPPI RESEARCH FOUNDATION IS A NOT-FOR-PROFIT MISSISSIPPI CORPORATION ESTABLISHED TO PROMOTE THE DEVELOPMENT, (DESCRIPTION CONTINUES - SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
$274,076 WAS PAID FOR SUPPORT OF RESEARCH ACTIVITIES OF THE UNIVERSITY OF MISSISSIPPI.
$522,541 WAS PAID FOR SUPPORT OF OPERATING ACTIVITIES OF THE UNIVERSITY OF MISSISSIPPI RESEARCH FOUNDATION RESEARCH PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter G Chambliss PHD Secretary And Director | OfficerTrustee | 1 | $0 |
Alice Clark PHD President | OfficerTrustee | 1 | $0 |
Maggie Abernathy Treasurer And Director | OfficerTrustee | 1 | $0 |
Thomas E Eppes Director | Trustee | 1 | $0 |
Richard Howorth Director | Trustee | 1 | $0 |
Daniel W Jones MD Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,378 |
| Investment income | $205 |
| 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 | $729,885 |
| Statement of Expenses | |
|---|---|
| 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 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 | $8,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $35,582 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,352 |
| 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 | $380,332 |
| Insurance | $35,929 |
| All other expenses | $0 |
| Total functional expenses | $1,109,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $572,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,185 |
| 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 | $51,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,276,528 |
| Accounts payable and accrued expenses | $182,724 |
| Grants payable | $0 |
| Deferred revenue | $3,054 |
| 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 | $13,166 |
| Total liabilities | $198,944 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,077,584 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Mississippi Research Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Sally And Dick Molpus Foundation Philadelphia, MS PURPOSE: CONTRIBUTE TO ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Mississippi Research Foundation University, MS | $15,276,528 | $729,885 |
Arkansas Aerospace And Defense Alliance Little Rock, AR | $29,871 | $0 |
Core Academy Of Science Incorporated Dayton, TN | $103,369 | $0 |
Model City Makerspace Kingsport, TN | $327,415 | $84,801 |
Red Mountain Makers Birmingham, AL | $48,038 | $0 |
Genome Repair Foundation Inc Mobile, AL | $270 | $7,000 |
Cyber & Information Security Consortium Inc Knoxville, TN | $26,681 | $0 |
Oakleaf Institute Inc Little Rock, AR | $3,943 | $0 |