Mississippi Sports Foundation Inc

Organization Overview

Mississippi Sports Foundation Inc is located in Jackson, MS. The organization was established in 1993. As of 09/2022, Mississippi Sports Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Sports 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 09/2022, Mississippi Sports Foundation Inc generated $778.6k 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 (5.6%) each year. All expenses for the organization totaled $628.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE A SPORTS HALL OF FAME MUSEUM

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE YEAR APPROXIMATELY 13,000 PEOPLE TOURED THE MUSEUM INDIVIDUALLY, IN TOURS AND SCHOOL GROUPS OR THROUGH RENTAL OF THE CONFERENCE CENTER AND MEZZANINE ATTENDING SEMINARS, RECEPTIONS OR PARTIES. THE MUSEUM PROVIDES AN INSIGHT INTO THE INDIVIDUALS COMPRISING MISSISSIPPI'S SPORTS LEGENDS OF ALL RACES, SEXES AND AGES. THE FOUNDATION RECOGNIZES OUTSTANDING COLLEGE ATHLETES IN THE STATE OF MISSISSIPPI IN FOOTBALL, MEN'S AND WOMEN'S BASKETBALL AND BASEBALL. THE FOUNDATION ALSO INDUCTS OUTSTANDING MISSISSIPPI SPORTS FIGURES INTO THE HALL OF FAME EACH YEAR. DURING FISCAL YEAR 2021,THE FOUNDATION HAS BEEN ENGAGED IN DIGITIZING ITS VIDEO LIBRARY OF MISSISSIPPI SPORTS ACTION.


DURING THE YEAR APPROXIMATELY 30,000 PEOPLE TOURED THE MUSEUM EITHER INDIVIDUALLY, IN GROUPS AND PARTIES, OR THROUGH RENTAL OF THE CONFERENCE CENTER AND CONCOURSE AREAS. EXHIBIT SPONSORS HAVE BEEN SECURED TO ASSIST WITH OVERHEAD COSTS FOR THE UPCOMING YEATS. THE MUSEUM PROVIDES AN INSIGHT INTO THE INDIVIDUALS COMPRISING MISSISSIPP'S SPORTS LEGENDS OF ALL RACES, SEXES, AND AGES.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Blackwell
Executive Director
$86,555
Lulu Maness
Administrator
$67,440
Joseph Moss
President
$0
Cal Wells
Secretary
$0
Billy Brunt
Treasurer
$0
Sam Kelly
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,017
Fundraising events$0
Related organizations$0
Government grants $70,111
All other contributions, gifts, grants, and similar amounts not included above$488,731
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$561,859
Total Program Service Revenue$79,432
Investment income $13,300
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,949
Net Income from Fundraising Events $127,886
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,120
Miscellaneous Revenue$0
Total Revenue $778,648

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mississippi Sports Foundation Inc has recieved totaling $199,696.

Awarding OrganizationAmount
Community Foundation For Mississippi

Jackson, MS

PURPOSE: GENERAL OPER SUPPORT

$198,696
C Spire Wireless Foundation

Ridgeland, MS

PURPOSE: GENERAL DONATION

$1,000
View Grant Recipient Profile

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