Tri-State Educational Foundation
- Assets
- $2.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Iuka, MS
- Founding
- 07/1999
- Data as of
- 09/2023
- EIN
- 64-0899593
Organization Overview
Tri-State Educational Foundation is located in Iuka, MS. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 09/2023, Tri-State Educational Foundation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-State Educational 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 09/2023, Tri-State Educational Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 3.1% 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, Tri-State Educational Foundation has awarded 76 individual grants totaling $2,944,237. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES FUNDING FOR EDUCATIONAL SCHOLARSHIPS AND GRANTS TO QUALIFIED APPLICANTS.
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES FUNDING FOR EDUCATIONAL SCHOLARSHIPS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Ferguson Past Chairma | OfficerTrustee | 1 | $180 |
Mary D Lambert Director | Trustee | 1 | $180 |
Sara Ellington Director | Trustee | 1 | $120 |
Nancy Brown Secretary/tr | Trustee | 5 | $240 |
Elizabeth Lovelace Chairman | OfficerTrustee | 5 | $180 |
James Phelps Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,645,506 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,803,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,394 |
| Grants and other assistance to domestic individuals. | $1,092,981 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $900 |
| Compensation of current officers, directors, key employees. | $900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$16,285 |
| Advertising and promotion | $27,142 |
| Office expenses | $5,790 |
| 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 | $1,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,359 |
| Insurance | $5,713 |
| All other expenses | $0 |
| Total functional expenses | $1,457,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,555,217 |
| Savings and temporary cash investments | $0 |
| 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 | $37,034 |
| Net Land, buildings, and equipment | $9,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,784 |
| Total assets | $2,690,142 |
| Accounts payable and accrued expenses | $26,833 |
| Grants payable | $87,163 |
| 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 | $88,584 |
| Total liabilities | $202,580 |
| Net assets without donor restrictions | $2,487,562 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,690,142 |
Grants Awarded
Over the last fiscal year, Tri-State Educational Foundation has awarded $229,066 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: EDUCATION | $20,000 |
CREATE FOUNDATION PURPOSE: EDUCATION | $10,000 |
DELTA STATE UNIVERSITY PURPOSE: EDUCATION | $30,000 |
ITAWAMBA COMMUNITY COLLEGE PURPOSE: EDUCATION | $10,000 |
UNIVERSITY OF MISSISSIPPI FD PURPOSE: EDUCATION | $25,000 |
NEMCC PURPOSE: EDUCATION | $16,153 |