Bancorpsouth Foundation Irrv Tr
- Assets
- $38.7m
- Revenue
- $21.6m
- Investments
- $32.3m
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 64-6217237
Organization Overview
Bancorpsouth Foundation Irrv Tr is located in Tupelo, MS. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Bancorpsouth Foundation Irrv Tr 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, Bancorpsouth Foundation Irrv Tr generated $21.6m in total revenue. All expenses for the organization totaled $345.2k during the year ending 12/2021.
Since 2015, Bancorpsouth Foundation Irrv Tr has awarded 492 individual grants totaling $3,134,709. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bagley Distribution Committee Mem | 0.25 | $0 | |
Mandy Mitchell Distribution Committee Mem | 0.25 | $0 | |
Cathy Freeman Distribution Committee Mem | 0.25 | $0 | |
Bancorpsouth Bank Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,476,749 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,636,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $963,146 |
| Capital Gain Net Income | $963,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $502,338 |
| Total Revenue | $21,579,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,756 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $80,161 |
| Contributions, gifts, grants paid | $265,000 |
| Total expenses and disbursements | $345,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,317,123 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,823,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,017 |
| Total assets | $38,670,021 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $175,000 |
| Total liabilities | $175,000 |
Grants Awarded
Over the last fiscal year, Bancorpsouth Foundation Irrv Tr has awarded $265,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, AL PURPOSE: GENERAL CONTRIBUTION | $50,000 |
THE DREAM CENTER PURPOSE: GENERAL CONTRIBUTION | $50,000 |
BAKER RIPLEY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
Gulfport, MS PURPOSE: GENERAL CONTRIBUTION | $35,000 |
PARK (POSITIVE ATMOSPHERE PURPOSE: GENERAL CONTRIBUTION | $30,000 |
THE SALVATION ARMY TUPELO PURPOSE: GENERAL CONTRIBUTION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $1,144,906,373 | $82,175,150 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Joseph C Bancroft Charitable & Educational Fund Mccomb, MS | $195,688,163 | $4,336,128 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
Wilbur Marvin Foundation Baton Rouge, LA | $117,329,503 | -$1,003,490 |
Ratliff Charitable Foundation Birmingham, AL | $0 | $1,321,337 |
Charles Henderson Tr No 3 Uw Troy, AL | $18,182,356 | $1,886,936 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |
Hugo Dixon Foundation Memphis, TN | $20,406,138 | $1,401,485 |
Om Charitable Tr Of Usa Lebanon, TN | $987,131 | $2,115,299 |
Alabama Business Charitable Trust Fund Inc Birmingham, AL | $38,052,210 | $3,513,534 |