UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION (EIN 64-6022505)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2023-11-13
- IRS object ID
- 202333179349312553
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-13T22:28:49-06:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8390 EAST CRESCENT PARKWAY SUITE | AddressLine1Txt |
| Address Line2 | 300 | AddressLine2Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 646022505 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MISSISSIPPI | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 6012665210 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1Txt |
| City | HATTIESBURG | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39406 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STACE MERCIER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6012665210 | PhoneNum |
| Signature | 2023-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STACE | PersonFirstNm |
| Person Last | MERCIER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH HINTZ | PreparerPersonNm |
| PTIN | P00492291 | PTIN |
| Phone | 3037795710 | PhoneNum |
| Preparation | 2023-11-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STACE MERCIER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1Txt |
| City | HATTIESBURG | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $56,581,977 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.USMFOUNDATION.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1959 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF USM. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 71 | TotalVolunteersCnt |
| Total Gross UBI | -$7,483 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,980,213 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,389,191 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $12,813,038 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,357,568 | CYInvestmentIncomeAmt |
| PY Other Revenue | $320,293 | PYOtherRevenueAmt |
| CY Other Revenue | -$34,521 | CYOtherRevenueAmt |
| PY Total Revenue | $19,113,544 | PYTotalRevenueAmt |
| CY Total Revenue | $17,712,238 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,189,671 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $8,889,935 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $148,614 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $148,057 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $29,760 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $37,093 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $511,731 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,642,681 | PYOtherExpensesAmt |
| CY Other Expenses | $3,787,906 | CYOtherExpensesAmt |
| PY Total Expenses | $14,010,726 | PYTotalExpensesAmt |
| CY Total Expenses | $12,862,991 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,102,818 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,849,247 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $151,472,857 | TotalAssetsBOYAmt |
| Total Assets EOY | $165,505,905 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,122,307 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $890,323 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $150,350,550 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $164,615,582 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI (USM). THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,889,935 | ExpenseAmt |
| Grant | $8,889,935 | GrantAmt |
| Desc | THE FOUNDATION PROVIDES SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI IN A MULTITUDE OF WAYS. THIS FISCAL YEAR, THE FOUNDATION PROVIDED 2,430 SCHOLARSHIPS TOTALING $5.5MM AND PROCESSED MANY OTHER GRANTS AND TRANSFERS THAT FOSTER ACADEMIC EXCELLENCE, STUDENT SUCCESS AND INNOVATION AND DISCOVERY AT USM. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,860,481 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE FOUNDATION PROVIDES OTHER SUPPORT ON BEHALF OF THE UNIVERSITY THAT ENABLES FACULTY, STAFF AND STUDENTS OPPORTUNITIES TO EXCEL IN TEACHING, RESEARCH, CREATIVE ACTIVITES, OUTREACH AND SERVICE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $10,750,416 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 115 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LESLEE SMITH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6012665210 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1Txt |
| City | HATTIESBURG | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| STACE MERCIER | ||||||
| EXECUTIVE DIRECTOR/SECRETARY | 40.00 | Yes (X) | $132,856 | $0 | $28,075 | |
| LESLEE SMITH | ||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $82,275 | $0 | $29,697 | |
| JENNIFER PAYNE | ||||||
| MEMBER-AT-LARGE | 0.46 | $14,700 | $0 | $0 | Yes (X) | |
| KELSEY RUSHING | ||||||
| PRESIDENT | 0.38 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOE QUINLAN | ||||||
| VICE PRESIDENT AND RDC CHAIR | 0.61 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SHONNA BROWN | ||||||
| TREASURER AND FIN. COMMITTEE CHAIR | 0.39 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| LOUIE EHRLICH | ||||||
| IMMEDIATE PAST PRESIDENT | 0.62 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| REED ALLISON | ||||||
| DIRECTOR | 0.56 | $0 | $0 | $0 | Yes (X) | |
| CHRIS ANDERSON | ||||||
| POLICY AND BYLAWS COMMITTEE CHAIR | 0.42 | $0 | $0 | $0 | Yes (X) | |
| REBECCA BOUDREAUX | ||||||
| DIRECTOR | 0.11 | $0 | $0 | $0 | Yes (X) | |
| CARLEN CHESTANG | ||||||
| DIRECTOR | 0.27 | $0 | $0 | $0 | Yes (X) | |
| ALAN COATS | ||||||
| DIRECTOR | 0.23 | $0 | $0 | $0 | Yes (X) | |
| LISA CONN | ||||||
| DIRECTOR | 0.11 | $0 | $0 | $0 | Yes (X) | |
| BECKY COWART | ||||||
| DIRECTOR | 0.36 | $0 | $0 | $0 | Yes (X) | |
| BEVERLY DALE | ||||||
| DIRECTOR | 0.36 | $0 | $0 | $0 | Yes (X) | |
| ROBERT DONNELL | ||||||
| DIRECTOR | 0.37 | $0 | $0 | $0 | Yes (X) | |
| TOM GIBBENS | ||||||
| DIRECTOR | 0.21 | $0 | $0 | $0 | Yes (X) | |
| KEVIN GILBERT | ||||||
| DIRECTOR | 0.21 | $0 | $0 | $0 | Yes (X) | |
| WADE HOWK | ||||||
| DIRECTOR | 0.25 | $0 | $0 | $0 | Yes (X) | |
| CAROL JONES-RUSSELL | ||||||
| DIRECTOR | 0.22 | $0 | $0 | $0 | Yes (X) | |
| JOY LIGHTSEY | ||||||
| DIRECTOR | 0.23 | $0 | $0 | $0 | Yes (X) | |
| VICKIE LOCK | ||||||
| DIRECTOR | 0.23 | $0 | $0 | $0 | Yes (X) | |
| ADELE LYONS | ||||||
| DIRECTOR | 0.26 | $0 | $0 | $0 | Yes (X) | |
| KEITH MOONEY | ||||||
| DIRECTOR | 0.46 | $0 | $0 | $0 | Yes (X) | |
| OMAR NELSON | ||||||
| DIRECTOR | 0.27 | $0 | $0 | $0 | Yes (X) | |
| EDDIE PEASANT | ||||||
| DIRECTOR (THROUGH JULY 2022) | 0.00 | $0 | $0 | $0 | Yes (X) | |
| RHONDA PHILLIPS | ||||||
| DIRECTOR | 0.12 | $0 | $0 | $0 | Yes (X) | |
| RODERICK POSEY | ||||||
| DIRECTOR | 0.39 | $0 | $0 | $0 | Yes (X) | |
| TRACY POWELL | ||||||
| DIRECTOR | 0.42 | $0 | $0 | $0 | Yes (X) | |
| CHUCK SCIANNA | ||||||
| DIRECTOR | 0.30 | $0 | $0 | $0 | Yes (X) | |
| DEMARIO SMITH | ||||||
| DIRECTOR | 0.11 | $0 | $0 | $0 | Yes (X) | |
| STEVE STRICKLAND | ||||||
| INVESTMENT COMMITTEE CHAIR | 0.63 | $0 | $0 | $0 | Yes (X) | |
| SUZANNE SWINK | ||||||
| DIRECTOR (THROUGH DECEMBER 2022) | 0.00 | $0 | $0 | $0 | Yes (X) | |
| ADALIUS THOMAS | ||||||
| DIRECTOR | 0.26 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $229,831 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $57,772 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|---|
| SEI | |||||||||
| 1 FREEDOM VALLEY DR | OAKS | PA | 19456 | INVESTMENT MANAGEMENT FEES | $649,179 | ||||
| CODARAY CONSTRUCTION - LLC | |||||||||
| PO BOX 16628 | HATTIESBURG | MS | 39404 | BUILDING CONSTRUCTION SERVICES | $383,193 | ||||
| BLACKBAUD INC | |||||||||
| PO BOX 930256 | ATLANTA | GA | 31193 | SOFTWARE SERVICES | $314,313 | ||||
| TECHNOLOGY PARTNERZ LTD | |||||||||
| DATA ANALYTICS SERVICES | $100,759 | 82 ADONCOUR ST | LONGUEUIL | QC | CA | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $117,070 | FundraisingAmt |
| All Other Contributions | $14,272,121 | AllOtherContributionsAmt |
| Noncash Contributions | $557,332 | NoncashContributionsAmt |
| Total Contributions | $14,389,191 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,277,508 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$7,483 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,284,991 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $38,740,320 | SecuritiesAmt |
| Other | $130,252 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $38,715,840 | SecuritiesAmt |
| Other | $74,672 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $24,480 | SecuritiesAmt |
| Other | $55,580 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $80,060 | TotalRevenueColumnAmt |
| Exclusion | $80,060 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $32,060 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $117,070 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $79,227 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$47,167 | TotalRevenueColumnAmt |
| Exclusion | -$47,167 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| QPQ INCOME | 900099 | $9,144 | $9,144 |
| MISCELLANEOUS INCOME | 900099 | $3,502 | $3,502 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $12,646 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,712,238 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$7,483 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,330,530 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,614,551 | TotalAmt |
| Program Services | $8,614,551 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $273,384 | TotalAmt |
| Program Services | $273,384 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,000 | TotalAmt |
| Program Services | $2,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,057 | TotalAmt |
| Management And General | $42,886 | ManagementAndGeneralAmt |
| Fundraising | $105,171 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,879 | TotalAmt |
| Management And General | $16,879 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,292 | TotalAmt |
| Management And General | $42,292 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,532 | TotalAmt |
| Program Services | $31,532 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,093 | TotalAmt |
| Fundraising | $37,093 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $763,784 | TotalAmt |
| Management And General | $763,784 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,133 | TotalAmt |
| Program Services | $313,229 | ProgramServicesAmt |
| Management And General | $192,571 | ManagementAndGeneralAmt |
| Fundraising | $32,333 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $316,849 | TotalAmt |
| Program Services | $159,422 | ProgramServicesAmt |
| Management And General | $110,162 | ManagementAndGeneralAmt |
| Fundraising | $47,265 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,849 | TotalAmt |
| Program Services | $53,570 | ProgramServicesAmt |
| Management And General | $38,063 | ManagementAndGeneralAmt |
| Fundraising | $20,216 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,718 | TotalAmt |
| Program Services | $20,891 | ProgramServicesAmt |
| Management And General | $76,140 | ManagementAndGeneralAmt |
| Fundraising | $55,687 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150 | TotalAmt |
| Program Services | $150 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,489 | TotalAmt |
| Program Services | $165,491 | ProgramServicesAmt |
| Management And General | $19,869 | ManagementAndGeneralAmt |
| Fundraising | $20,129 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $435,102 | TotalAmt |
| Program Services | $255,745 | ProgramServicesAmt |
| Management And General | $113,269 | ManagementAndGeneralAmt |
| Fundraising | $66,088 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,911 | TotalAmt |
| Management And General | $24,911 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,721 | TotalAmt |
| Program Services | $10,030 | ProgramServicesAmt |
| Management And General | $35,922 | ManagementAndGeneralAmt |
| Fundraising | $1,769 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CAPITAL OUTLAY | $685,601 | $671,242 | $14,359 | |
| DUES & SUBSCRIPTIONS | $257,106 | $88,702 | $60,352 | $108,052 |
| MEALS & ENTERTAINMENT | $94,388 | $74,113 | $12,305 | $7,970 |
| TRAINING & DEVELOPMENT | $34,859 | $16,364 | $8,537 | $9,958 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,543 | TotalAmt |
| Management And General | $28,543 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,862,991 | TotalAmt |
| Program Services | $10,750,416 | ProgramServicesAmt |
| Management And General | $1,600,844 | ManagementAndGeneralAmt |
| Fundraising | $511,731 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,453,276 | BOYAmt |
| EOY | $3,373,595 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,168,021 | BOYAmt |
| EOY | $3,503,864 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,395 | BOYAmt |
| EOY | $165,005 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $690,599 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $548,591 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,695 | BOYAmt |
| EOY | $142,008 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,136,710 | BOYAmt |
| EOY | $105,592,397 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,282,407 | BOYAmt |
| EOY | $37,425,437 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,069,353 | BOYAmt |
| EOY | $15,303,599 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,472,857 | BOYAmt |
| EOY | $165,505,905 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,062,133 | BOYAmt |
| EOY | $834,718 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,174 | BOYAmt |
| EOY | $55,605 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,122,307 | BOYAmt |
| EOY | $890,323 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,652,167 | BOYAmt |
| EOY | $16,632,108 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,698,383 | BOYAmt |
| EOY | $147,983,474 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,350,550 | BOYAmt |
| EOY | $164,615,582 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,472,857 | BOYAmt |
| EOY | $165,505,905 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,849,247 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $7,684,715 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1,731,070 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,655,552 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,751,559 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $15,727,499 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,980,213 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,389,191 | CurrentTaxYearAmt |
| Total | $48,504,014 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,655,552 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,751,559 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $15,727,499 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,980,213 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,389,191 | CurrentTaxYearAmt |
| Total | $48,504,014 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,853,768 | SubstantialContributorsTotAmt |
| Public Support Total170 | $40,650,246 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,623,559 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,807,765 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,281,880 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,929,780 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,277,508 | CurrentTaxYearAmt |
| Total | $13,920,492 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,833 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,104 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $24,201 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $337,061 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,646 | CurrentTaxYearAmt |
| Total | $407,845 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $62,832,351 | TotalSupportAmt |
| Public Support CY170 | 0.64700 | PublicSupportCY170Pct |
| Public Support PY170 | 0.57630 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | QUID PRO QUO - 2021 AMOUNT: $ 16,146. 2022 AMOUNT: $ 9,144. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 30,833. 2019 AMOUNT: $ 3,104. 2020 AMOUNT: $ 1,816. 2021 AMOUNT: $ 3,291. 2022 AMOUNT: $ 3,502. INS PROCEEDS IN EXCESS OF CSV - 2020 AMOUNT: $ 22,385. 2021 AMOUNT: $ 22,731. CHANGE IN UNCOLL PLEDGES - 2021 AMOUNT: $ 294,893. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $31,532 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $31,532 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE USM FOUNDATION DID NOT DIRECTLY ATTEMPT TO INFLUENCE NATIONAL, STATE OR LOCAL LEGISLATION, BUT DID PROVIDE FUNDING TO ONE UNIVERSITY PAID LEGISLATIVE ADVOCATE. NUMEROUS EXPENDITURES WERE MADE MOSTLY FOR MEALS AND TRAVEL. THE UNIVERSITY ALSO HOSTS STATE LEGISLATORS THROUGHOUT THE YEAR ON CAMPUS. TOTAL EXPENDITURES FOR THESE ACTIVITIES FOR THE YEAR WERE $31,532. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $123,989,847 | BeginningYearBalanceAmt |
| Contributions | $6,152,084 | ContributionsAmt |
| Investment Earnings Or Losses | $9,461,890 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,798,408 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,631,250 | OtherExpendituresAmt |
| Administrative Expenses | $1,654,331 | AdministrativeExpensesAmt |
| End Year Balance | $133,519,832 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $136,184,892 | BeginningYearBalanceAmt |
| Contributions | $6,359,974 | ContributionsAmt |
| Investment Earnings Or Losses | -$11,973,172 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,522,294 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,180,455 | OtherExpendituresAmt |
| Administrative Expenses | $1,879,098 | AdministrativeExpensesAmt |
| End Year Balance | $123,989,847 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $103,517,868 | BeginningYearBalanceAmt |
| Contributions | $12,724,612 | ContributionsAmt |
| Investment Earnings Or Losses | $25,658,665 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,600,932 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,483,247 | OtherExpendituresAmt |
| Administrative Expenses | $1,632,074 | AdministrativeExpensesAmt |
| End Year Balance | $136,184,892 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $104,877,602 | BeginningYearBalanceAmt |
| Contributions | $2,589,320 | ContributionsAmt |
| Investment Earnings Or Losses | $1,068,803 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,205,386 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,209,442 | OtherExpendituresAmt |
| Administrative Expenses | $1,603,029 | AdministrativeExpensesAmt |
| End Year Balance | $103,517,868 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,915,283 | BeginningYearBalanceAmt |
| Contributions | $3,824,004 | ContributionsAmt |
| Investment Earnings Or Losses | $5,160,193 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,217,346 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,304,119 | OtherExpendituresAmt |
| Administrative Expenses | $1,500,413 | AdministrativeExpensesAmt |
| End Year Balance | $104,877,602 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.06883 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.84041 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.09076 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,000 | OtherCostOrOtherBasisAmt |
| Book Value | $5,000 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,978 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,189 | DepreciationAmt |
| Book Value | $4,789 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $51,532 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $617,089 | OtherCostOrOtherBasisAmt |
| Depreciation | $536,402 | DepreciationAmt |
| Book Value | $132,219 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $142,008 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HEDGE FUNDS | $23,905,360 | F |
| PRIVATE EQUITY | $7,592,628 | F |
| REAL ESTATE INVESTMENT FUNDS | $5,759,484 | F |
| CLOSELY HELD STOCK | $167,965 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $37,425,437 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM EXTERNALLY MANAGED TRUSTS | $11,967,432 |
| OTHER RECEIVABLES | $522,103 |
| CSV OF LIFE INSURANCE POLICIES | $2,814,064 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $15,303,599 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GIFT ANNUITIES PAYABLE | Desc |
| Amt | $55,605 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $55,605 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $28,366,798 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,684,715 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $1,923,332 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $1,810,297 | OtherRevenueAmt |
| Revenue Not Reported | $11,418,344 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,948,454 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $763,784 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $763,784 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,712,238 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,101,766 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,923,332 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $79,227 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,002,559 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,099,207 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $763,784 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $763,784 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,862,991 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | PROVIDE CONSISTENT SUPPORT TO THE UNIVERSITY FOR PURPOSES INTENDED BY DONORS. |
| PART X, LINE 2: | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). FOUNDATION AVIATION HOLDINGS, LLC IS DISREGARDED AS AN ENTITY SEPARATE FROM THE FOUNDATION FOR PURPOSES OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF JUNE 30, 2023 AND 2022, THERE WERE NO KNOWN MATERIAL UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF OTHER ASSETS 38,691. SPECIAL EVENT EXPENSES 79,227. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,422,425. GAIN OR LOSS ON EXTERNALLY MANAGED TRUSTS 269,954. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 79,227. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $23,905,361 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICE | $2,700 | AWARD AND HONORARIUM |
| NORTH AMERICA | 0 | 0 | DATA ANALYTICS PROJECT | $61,898 | |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICE | $60 | REIMBURSEMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $23,970,019 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $23,970,019 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE USM FOUNDATION PAID ONE AWARD TO A FOREIGN INDIVIDUAL IN THE AMOUNT OF $2,000. THIS WAS PART OF AN ANNUAL AWARD COMPETITION AND WINNERS WERE SELECTED BY A COMMITTEE. THERE WAS NO MONITORING NECESSARY ONCE THE AWARD WAS PAID TO THE INDIVIDUAL. THE USM FOUNDATION ALSO PAID $700 TO A FOREIGN INDIVIDUAL WHO GAVE A VIRTUAL LECTURE DURING A FORUM CONDUCTED BY USM. AS PAYMENT WAS MADE AFTER SERVICES WERE PROVIDED, THERE WAS NO MONITORING NECESSARY ONCE THE PAYMENT WAS MADE TO THE INDIVIDUAL. THE USM FOUNDATION PROVIDED A REIMBURSEMENT OF AN EXPENSE TO A POTENTIAL STUDENT OF USM. THERE WAS NO MONITORING NECESSARY AFTER THE PAYMENT WAS MADE. |
| PART I, LINE 3: | INVESTMENT EXPENDITURES ARE ACCOUNTED FOR ON AN ACCRUAL BASIS. |
| PART III ACCOUNTING METHOD: |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTS & LUNDY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 WALLSTREET WEST | AddressLine1Txt |
| City | LYNDHURST | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CAMPAIGN CONSULTING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $14,389,192 | GrossReceiptsAmt |
| Retained By Contractor | $37,093 | RetainedByContractorAmt |
| Net To Organization | $14,352,099 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $14,389,192 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $37,093 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $14,352,099 | TotalNetToOrganizationAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NV | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WV | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | RUN FOR THE ROSES | Event1Nm |
| Gross Receipts Event1 | $32,250 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $24,075 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $8,175 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $361 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $2,629 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $1,396 | EntertainmentEvent1Amt |
| Event2 | GOLF TOURNAMENT | Event2Nm |
| Gross Receipts Event2 | $55,770 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $41,070 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $14,700 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $12,273 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $5,274 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $5,328 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $477 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $61,110 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $51,925 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $9,185 | GrossRevenueOtherEventsAmt |
| Non Cash Prizes Other Events | $1,554 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $6,950 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $31,088 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $2,842 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $9,055 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $149,130 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $117,070 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $32,060 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $13,827 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $7,311 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $38,991 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $9,566 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $9,532 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $79,227 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$47,167 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| THE UNIVERSITY OF SOUTHERN MISSISSIPPI | ||||||||||
| 118 COLLEGE DRIVE 5143 | HATTIESBURG | MS | 39406 | 646000818 | 501(C)(3) | $8,201,533 | $359,259 | VARIOUS | TRANSFERS OF GIFTS OF PROPERTY | USM PROGRAMS |
| THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION | ||||||||||
| 118 COLLEGE DRIVE 5013 | HATTIESBURG | MS | 39406 | 640763097 | 501(C)(3) | $37,659 | $0 | N/A | N/A | USM ALUMNI PROGRAMS |
| THE UNIVERSITY OF SOUTHERN MS ATHLETIC FOUNDATION | ||||||||||
| 118 COLLEGE DRIVE 5017 | HATTIESBURG | MS | 39406 | 640929171 | 501(C)(3) | $11,085 | $0 | N/A | N/A | USM ATHLETICS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| NON-CASH AWARDS | 7 | $0 | $780 | FMV | PROFESSIONAL BUSINESS ATTIRE AND PLAQUES |
| MONETARY AWARDS | 63 | $272,604 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION MONITORS THE USE OF FUNDS BY REQUIRING DOCUMENTATION FROM AUTHORIZED SPENDING AUTHORITIES TO SUBSTANTIATE THAT ALL MONIES PAID FOR PROGRAM SUPPORT ARE USED FOR THE PURPOSES OUTLINED IN THE DOCUMENTS GOVERNING THE FUNDS FROM WHICH THE WITHDRAWAL IS BEING MADE. THESE PURPOSES INCLUDE SCHOLARSHIPS, GENERAL SUPPORT FOR ACADEMIC DIVISIONS, RESEARCH, FACULTY AND STAFF COMPENSATION AND OTHER RESTRICTED SUPPORT FOR PROGRAMS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STACE MERCIER | ||||||||||||||
| EXECUTIVE DIRECTOR/SECRETARY | $131,172 | $0 | $0 | $0 | $1,684 | $0 | $22,866 | $0 | $5,209 | $0 | $160,931 | $0 | $0 | $0 |
| LESLEE SMITH | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $82,275 | $0 | $0 | $0 | $0 | $0 | $15,843 | $0 | $13,854 | $0 | $111,972 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A RELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. THIS WAS LAST COMPLETED IN 2021. |
| PART II | THE UNIVERSITY OF SOUTHERN MISSISSIPPI, AN UNRELATED ORGANIZATION, PAID COMPENSATION TO: STACE MERCIER $131,172 BASE COMPENSATION $1,684 OTHER COMPENSATION $22,866 DEFERRED COMPENSATION $5,209 NONTAXABLE BENEFITS LESLEE SMITH $82,275 BASE COMPENSATION $15,843 DEFERRED COMPENSATION $13,854 NONTAXABLE BENEFITS |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $291,438 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 12 | ContributionCnt |
| Noncash Contributions Rpt F990 | $196,673 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVERAGE STOCK PRICE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 4 | $64,321 | FAIR MARKET VALUE/AP |
| Yes (X) | MUSICAL INST. | 1 | $4,900 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 4 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER OF CONTRIBUTIONS WAS USED TO COMPLETE PART I, COLUMN (B) OF SCHEDULE M. FOR CONTRIBUTIONS OF SECURITIES, EACH GIFT WAS COUNTED SEPARATELY (RATHER THAN EACH SHARE RECEIVED). |
| PART I, LINE 32B: | THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE CONSISTS OF NINE MEMBERS, ONE OF WHOM SHALL BE THE PRESIDENT OF THE FOUNDATION, WHO SHALL BE THE CHAIR, ONE OF WHOM SHALL BE THE VICE PRESIDENT, ONE OF WHOM SHALL BE THE TREASURER, ONE OF WHOM SHALL BE THE IMMEDIATE PAST PRESIDENT, ONE OF WHOM SHALL BE THE MEMBER-AT-LARGE, ONE OF WHOM SHALL BE THE CHAIR OF THE INVESTMENT COMMITTEE, ONE OF WHOM SHALL BE THE CHAIR OF THE RESOURCE DEVELOPMENT COMMITTEE, ONE OF WHOM SHALL BE THE CHAIR OF THE POLICY AND BYLAWS COMMITTEE, AND ONE OF WHOM SHALL BE THE NON-VOTING, EX-OFFICIO SECRETARY. THE BOARD SHALL MANAGE THE BUSINESS OF THE FOUNDATION. ALL CORPORATE POWERS OF THE FOUNDATION SHALL BE EXERCISED BY OR UNDER THE AUTHORITY OF THE BOARD, AND THE OFFICERS OF THE FOUNDATION SHALL BE SUPERVISED UNDER THE DIRECTION OF THE BOARD. THE BOARD SHALL BE CHARGED WITH THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF THIS FOUNDATION, WITH THE GENERAL DUTY OF PROMOTING THE WELFARE AND GROWTH OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND WITH CARRYING OUT THE PURPOSES OF THE FOUNDATION. THE PRESIDENT OF THE FOUNDATION, OR HIS/HER DESIGNEE, SHALL HAVE THE SOLE AUTHORITY TO SPEAK OR ISSUE PUBLIC STATEMENTS CONCERNING OFFICIAL POSITIONS TAKEN BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE AN INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. ONCE THE DRAFT IS REVIEWED BY MANAGEMENT, THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE RECEIVED THE FORM 990 DRAFT FOR REVIEW PRIOR TO BEING FILED. COMMENTS WERE ADDRESSED AND, IF SO DETERMINED, THE FORM WAS UPDATED AS NECESSARY. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS EACH MEMBER OF THE BOARD AND EACH MEMBER OF ALL COMMITTEES SIGNS A WRITTEN STATEMENT CERTIFYING THAT HE/SHE AGREES AND IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS; PROVIDED, HOWEVER, IF THE INTERESTED PERSON BELIEVES A CONFLICT OF INTEREST EXISTS, THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL SHALL BE GUIDED BY THE BELIEF OF THE INTERESTED PERSON IN REACHING ITS DECISION. DETERMINATION OF A CONFLICT OF INTEREST FOR STAFF SHALL BE MADE BY THE EXECUTIVE COMMITTEE. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE MINUTES OF THE BOARD AND ALL COMMITTEES, SUBCOMMITTEES OR COUNCILS WITH BOARD-DELEGATED POWERS SHALL CONTAIN: (A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT AND THE DECISIONS OF THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. (B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS OR VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. DURING THE FISCAL YEAR, THERE WERE NO CONFLICTS OF INTEREST IDENTIFIED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE UNIVERSITY OF SOUTHERN MISSISSIPPI, AN UNRELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. THIS WAS LAST COMPLETED IN 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION'S BYLAWS, CONFLICT OF INTEREST POLICY, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. |
| FORM 990, PART VII/PART IX: | THE FOUNDATION DOES NOT REPORT WITHIN THE STATEMENT OF REVENUES AND STATEMENT OF FUNCTIONAL EXPENSES CONTRIBUTED SALARIES AND THE CORRESPONDING EXPENSES ASSOCIATED WITH INDIVIDUALS WORKING ON FOUNDATION AFFAIRS SINCE THESE INDIVIDUALS ARE EMPLOYEES OF THE UNIVERSITY AND THE UNIVERSITY DONATES THE SALARIES AND COSTS OF EMPLOYMENT TO THE FOUNDATION. THE AMOUNT REPORTED IN PART IX, LINE 7 REFLECTS REIMBURSEMENTS MADE BY THE FOUNDATION TO THE UNIVERSITY FOR SUPPLEMENTAL PAY AND STUDENT WAGES. AS SUCH, TAXES AND BENEFITS ARE PROCESSED AND REPORTED THROUGH THE UNIVERSITY. |
| PART VII, SECTION A, LINE 1A, #3: | PLEASE NOTE THAT THE REPORTABLE COMPENSATION INCLUDED IN COLUMN D IS NOT ASSOCIATED WITH BOARD OR OTHER SERVICES PROVIDED BY THE DIRECTOR TO THE USM FOUNDATION. THIS PAYMENT REPRESENTS A PAYMENT FOR SERVICES PROVIDED BY THE DIRECTOR TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI. |
| FORM 990, PART IX: | THE EXPENSES REPORTED IN PART IX COLUMN (B) LINES 11-25 REFLECT EXPENSES PAID ON BEHALF OF THE UNIVERSITY. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF OTHER ASSETS 38,691. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,422,425. LOSS ON EXTERNALLY MANAGED TRUSTS 269,954. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGE FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION AVIATION HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DR 5210 | AddressLine1Txt |
| City | HATTIESBURG | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263637085 | EIN |
| Primary Activities | LEASING | PrimaryActivitiesTxt |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USM FOUNDATION | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BMC AND KC CRAT | |||||||||||
| 202 SOUTH 40TH AVENUE | HATTIESBURG | MS | 39402 | 646207876 | INVESTMENTS | MS | N/A | T | $46,053 | 0.49730 | 0 |
| JEG CRAT | |||||||||||
| 1581 AMERIPRISE FINANCIAL CENTER | MINNEAPOLIS | MN | 55474 | 207371805 | INVESTMENTS | MS | N/A | T | $49,611 | 0.18640 | 0 |
| EDK CRUT | |||||||||||
| 11301 US HIGHWAY ONE | NORTH PALM BEACH | FL | 33408 | 656419443 | INVESTMENTS | FL | N/A | T | $177,895 | 0.02470 | 0 |
| P-JP CRUT | |||||||||||
| 150 S WARNER RD SUITE 200 | KING OF PRUSSIA | PA | 19406 | 816588160 | INVESTMENTS | AZ | N/A | T | $119,520 | 0.30750 | 0 |
| P-MP CRUT | |||||||||||
| 150 S WARNER RD SUITE 200 | KING OF PRUSSIA | PA | 19406 | 816591136 | INVESTMENTS | AZ | N/A | T | $6,917,554 | 0.53390 | 0 |
| GO TRUST | |||||||||||
| 11 NORTH WATER STREET 28TH FLOOR | MOBILE | AL | 36602 | 636067686 | INVESTMENTS | AL | N/A | T | $3,456,130 | 1.00000 | 0 |
| BBDM TRUST | |||||||||||
| 450 ROSE STREET WILLIAM B STURGILL | LEXINGTON | KY | 40506 | 387274178 | INVESTMENTS | KY | N/A | T | $80,016 | 0.07970 | 0 |
| JR TRUST | |||||||||||
| PO BOX 1071 | HATTIESBURG | MS | 39403 | 836144563 | INVESTMENTS | MS | N/A | T | $1,120,654 | 0.73180 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, COLUMN G | THE AMOUNT IN THIS COLUMN IS CALCULATED AS THE PRESENT VALUE OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION'S BENEFICIAL INTEREST IN EACH CHARITABLE REMAINDER TRUST DIVIDED BY THE TOTAL ASSETS OF EACH TRUST AS OF JUNE 30, 2023. |
| PART IV, COLUMN H: | THE AMOUNT IN THIS COLUMN IS CALCULATED BY DIVIDING THE PRESENT VALUE OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION'S BENEFICIAL INTEREST BY THE TOTAL AMOUNT OF THE CHARITABLE REMAINDER TRUST. |
| PART II | THE UNIVERSITY OF SOUTHERN MISSISSIPPI HAS BEEN REMOVED AS A RELATED TAX-EXEMPT ORGANIZATION FROM SCHEDULE R, PART II. THERE HAS BEEN NO CHANGE IN THE RELATIONSHIP BETWEEN THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION, ONLY A CHANGE IN THE INTERPRETATION OF THE IRS REGULATIONS IN REGARDS TO RELATED ENTITIES. |