2021-03-05T16:17:26-06:00 2020-06-30 BKD LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2019-07-01 640410581 Mississippi State University Foundation % JANET CARRAWAY CFO MISS 6623257000 PO Drawer 6149 Mississippi State MS 39762 JANET CARRAWAY CFO 6623257000 2021-03-15 true Peyton L Parks CPA P01850908 6019486700 2021-03-15 2019 2022-09-23 18:48:47Z JANET CARRAWAY PO DRAWER 6149 MISSISSIPPI STATE MS 39762 59624907 false X WWW.MSUFOUNDATION.COM X 1962 MS MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION THAT ASSISTS MISSISSIPPI STATE UNIVERSITY IN ACCOMPLISHING ITS GOALS(SEE SCHEDULE O FOR CONTINUATION) 44 44 83 44 -1425103 -1425103 43316315 52936281 0 0 17752318 3190884 4108129 3497742 65176762 59624907 34446331 59545121 0 0 1803810 1844015 0 0 3867978 9915542 7086744 46165683 68475880 19011079 -8850973 570922775 560789333 17453086 18723497 553469689 542065836 THE MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION THAT ASSISTS MISSISSIPPI STATE UNIVERSITY IN ACCOMPLISHING ITS GOALS AND MISSION BY CULTIVATING AND SOLICITING PRIVATE SUPPORT AND ENSURING STEWARDSHIP FOR ALL CONTRIBUTIONS BENEFITTING MISSISSIPPI STATE UNIVERSITY. false false 55756772 55756772 GRANTS TO MISSISSIPPI STATE UNIVERSITY. THIS INCLUDES AMOUNTS PAID TO MISSISSIPPI STATE UNIVERSITY FOR SCHOLARSHIPS AND OTHER REQUESTS SUCH AS RESEARCH, TEACHING NEEDS AND OTHER DEPARTMENTAL REQUESTS. 2914009 2914009 GRANTS TO BULLDOG CLUB. THIS INCLUDES AMOUNTS PAID TO THE BULLDOG CLUB PRIMARILY FOR ATHLETIC NEEDS. 874340 874340 GRANTS TO MSU ALUMNI ASSOCIATION. THIS INCLUDES AMOUNTS PAID TO THE ALUMNI ASSOCIATION TO SUPPLEMENT THEIR PROGRAM IN SERVICING THE ALUMNI OF MISSISSIPPI STATE UNIVERSITY. 59545121 true true false true false false false false false true true true false false true true false true false false false false false false false false false true false true false false false false false false false false true true false false true true true true false false true 337 0 83 true true true false false false false true true false false false true false false false X 44 44 true false true false false false false true true false false true true true true true true true false false X JANET CARRAWAY CFO 6623257000 ONE HUNTER HENRY BLVD MISSISSIPPI STATE MS 39762 John P Rush Chief Executive Officer 40.0 0.0 X 514283 0 48415 David D Easley Chief Financial Officer 40.0 0.0 X 207147 0 35560 Jack R McCarty Secretary 40.0 0.0 X 200173 0 33155 Janet H Carraway Chief Financial Officer 40.0 0.0 X 151599 0 28006 William B Evans Sr. Director of Dev. Eng. 40.0 0.0 X 137592 0 24653 Judson H Skelton Director of Dev., CALS & RE 40.0 0.0 X 129413 0 24165 Vickie Brown Exec. Director of Info Svcs 40.0 0.0 X 127727 0 23564 Robert Jenkins Assoc. Athletic Dir. of Dev 40.0 0.0 X 126036 0 23017 Cathy Lammons Director of Comm. and Donors 40.0 0.0 X 118869 0 22643 Richard C Adkerson Past-President 1.0 0.0 X 0 0 0 James J Rouse Past-President 1.0 0.0 X 0 0 0 Lewis F Mallory Jr Past-President 1.0 0.0 X 0 0 0 Charles W Ritter Jr Past-President 1.0 0.0 X 0 0 0 Albert C Clark Past-President 1.0 0.0 X 0 0 0 Bobby P Martin Past-President 1.0 0.0 X 0 0 0 S Bryce Griffis Past-President 1.0 0.0 X 0 0 0 Roderick A Moore Past-President 1.0 0.0 X 0 0 0 Robert P Bowen Director 1.0 0.0 X 0 0 0 Dr M Diane Roberts Director 1.0 0.0 X 0 0 0 John N Dowdle Director 1.0 0.0 X 0 0 0 Thomas G Hixon Sr Director 1.0 0.0 X 0 0 0 Bobby S Shackouls Past Chair of the Board 1.0 0.0 X 0 0 0 D Hines Brannan Chair of the Board 1.0 0.0 X X 0 0 0 Anthony L Wilson Vice Chair of the Board 1.0 0.0 X X 0 0 0 Earnest W Deavenport Past Chair of the Board 1.0 0.0 X 0 0 0 Richard H Puckett Sr Director 1.0 0.0 X 0 0 0 Hassell H Franklin Director 1.0 0.0 X 0 0 0 David B Hall Director 1.0 0.0 X 0 0 0 Linda F Parker Director 1.0 0.0 X 0 0 0 Herbert V Johnson Director 1.0 0.0 X 0 0 0 Timothy S Duncan Director 1.0 0.0 X 0 0 0 Gregory C Rader Director 1.0 0.0 X 0 0 0 Paul J Karre Director 1.0 0.0 X 0 0 0 Joffrey R Pryor Director 1.0 0.0 X 0 0 0 Michael W Sanders Director 1.0 0.0 X 0 0 0 Jan L Gwin Director 1.0 0.0 X 0 0 0 Richard A Rula Director 1.0 0.0 X 0 0 0 Mike M McDaniel Treasurer 1.0 0.0 X X 0 0 0 Thomas B Nusz Bulldog Club President 1.0 0.0 X 0 0 0 Wilbert G Holliman J Director 1.0 0.0 X 0 0 0 Malcolm B Lightsey S Director 1.0 0.0 X 0 0 0 Cynthia M Stevens Director 1.0 0.0 X 0 0 0 Turner A Wingo Director 1.0 0.0 X 0 0 0 William B Berry Director 1.0 0.0 X 0 0 0 Dr Helen M Currie Director 1.0 0.0 X 0 0 0 Dr John D Davis IV Director 1.0 0.0 X 0 0 0 Rodger L Johnson Director 1.0 0.0 X 0 0 0 Dr Rusty C Linton Director 1.0 0.0 X 0 0 0 John R Lundy Director 1.0 0.0 X 0 0 0 Dr Janice I Nicholso Director 1.0 0.0 X 0 0 0 George D Pillow Jr Director 1.0 0.0 X 0 0 0 Wallace L Seal Director 1.0 0.0 X 0 0 0 Dr Allen K Sills Jr Director 1.0 0.0 X 0 0 0 Sherri C Bevis Director 1.0 0.0 X 0 0 0 George Bishop Director 1.0 0.0 X 0 0 0 George Bryan Director 1.0 0.0 X 0 0 0 Fred V Buie Director 1.0 0.0 X 0 0 0 Randy J Cleveland Director 1.0 0.0 X 0 0 0 Mark S Jordan Director 1.0 0.0 X 0 0 0 Francis C Lee Director 1.0 0.0 X 0 0 0 William L Taylor III Director 1.0 0.0 X 0 0 0 Douglas T Terreson Director 1.0 0.0 X 0 0 0 Laurie R Williams Director 1.0 0.0 X 0 0 0 1712839 0 263178 11 false true true HEDERMAN BROTHERS PO BOX 1036 MADISON MS 39130 PRINTING 130787 KPMG LLP DEPT 0608 PO BOX 120608 DALLAS TX 753120060 ACCOUNTING 127800 Next Step Innovation LLC 703 Hwy 80 W CLINTON MS 39056 IT Services 124644 3 1767428 51168853 23492491 52936281 0 3287846 -1425103 4712949 0 0 366748 366748 0 366748 366748 -93236 -3726 -96962 -96962 0 0 0 0 0 0 0 0 0 OTHER 900099 3130994 3130994 3130994 59624907 -1425103 8113729 59545121 59545121 0 0 0 308661 161489 147172 0 567259 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2643711 2695580 3078466 3130994 13878950 276006683 0.69000 0.68964 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 83457 false false 83457 false Schedule C, Part II-B, line 1: Lobbying expenses were incurred primarily through the entertainment of legislators and government officials while informing them of university needs and priorities. 395435273 15404185 -1626288 13785201 -5853239 401281208 374631086 15461090 18637899 13291684 3118 395435273 354199812 12276543 22295964 16126246 -1985013 374631086 328315933 8377346 28857976 16010451 -4659008 354199812 340903623 14801649 -13862030 14993896 -1466587 328315933 0.05870 0.84890 0.09240 false false 29613054 192500 29805554 12321237 6903338 5417899 8333517 3965024 4368493 39591946 NON-POOLED PLANNED GIVING INV 49559753 F NATURAL RESOURCES 8134311 F SHORT-TERM INVESTMENTS 8685646 F CASH SURR VAL OF LIFE INS 3225348 F INVESTMENT IN MSIP 10566508 F AGILITY COMPREHENSIVE SOLUTION 400156048 F 480327614 0 LIAB UNDER SPLIT INTEREST AGRE 8083815 AGENCY PAYABLE 6273651 PAYABLE TO MISSISSIPPI STATE U 240771 PAYABLE TO BULLDOG CLUB 2634238 17232475 57098725 -2552880 -422779 -2975659 60074384 -449477 -449477 59624907 68053101 68053101 422779 422779 68475880 Part V, Line 4: The vast majority (approximately 95 percent) of Mississippi State University Foundation's (MSU Foundation) endowment is classified as either "permanently restricted"temporarily restricted the earnings from these restricted endowments support Mississippi State University in ways specified by individual and corporate donors in written gift agreements on file with MSU Foundation. The earnings from MSU Foundation's unrestricted endowment (approximately 5 percent of the total) is used to partially support the daily operations of MSU Foundation. Part X, Line 2: THE FOUNDATION IS A NOT FOR PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. AS OF JUNE 30, 2020 AND 2019, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. Part XI, Line 2d: Investment management fees of ($422,779) were netted with investment income on the financial statements but included in expense on Form 990. Part XI, Line 4b: Elimination of subsidiaries ($449,477) true Mississippi State University PO Drawer BT Mississippi State MS 39762 646000819 MS 55756772 See Part IV Bulldog Club PO Box 5227 Mississippi State MS 39762 510163622 501(c)(3) 2914009 See Part IV MSU Alumni Association PO Box AA Mississippi State MS 39762 582006453 501(c)(3) 874340 See Part IV 3 Part I, Line 2: The MSU Foundation monitors expenditures of funds, serves on scholarship committees and becomes involved in other numerous ways. Part II, Column (h): Mississippi State University - Provide funds for learning/scholarships, service and research Bulldog Club - Provide contributed funds designated to support the MSU Athletic Programs MSU Alumni Association - Provide funds to the organization to help support MSU through programs and activities for alumni X true true X X false false false false false false false false false John P Rush Chief Executive Officer 423006 80822 10455 44000 4415 562698 David D Easley Chief Financial Officer 177553 29594 31145 4415 242707 Jack R McCarty Secretary 172865 27308 28740 4415 233328 Judson H Skelton Director of Dev., CALS & RE 110598 18815 19750 4415 153578 Janet H Carraway Chief Financial Officer 129598 22001 23591 4415 179605 Robert Jenkins Assoc. Athletic Dir. of Dev 108690 17346 18602 4415 149053 William B Evans Sr. Director of Dev. Eng. 112528 25064 20238 4415 162245 Vickie Brown Exec. Director of Info Svcs 109172 18555 19527 4037 151291 Cathy Lammons Director of Comm. and Donors 101549 17320 18228 4415 141512 Schedule J, Part I: The organization has an incentive compensation program whereby an individual is paid a percentage of their salary as incentive compensation when certain benchmarks set by the organization are met. The incentive compensation is grossed up for taxes so that the individual receives a percentage of their salary after taxes. Schedule J, Part II: Compensation listed in Part II, Column (b)(i) & (iii) was paid by Mississippi State University. X 1 2000 FMV X 113588 FMV X 4 174463 FMV X 3 15419351 FMV X 59 3835238 Stock Quote X 2 1976062 APPRAISAL X 4 137913 FMV X 3 417885 FMV X 4 707481 FMV X Livestock 6 118500 FMV X Equipment 11 580771 FMV X MISCELLANEOUS 10 9239 FMV 7 false true true Part I, Line 32b: The Foundation hires a stock broker and real estate agents to sell stock and real estate that is given. Form 990, Page 1, Part I, Line 1 and mission by cultivating and soliciting private support and ensuring stewardship for all contributions benefitting Mississippi State University. Form 990, Page 6, Part VI, Section A, Line 2: BOBBY SHACKOULS AND THOMAS NUSZ - BUSINESS RELATIONSHIP Form 990, Page 6, Part VI, Section A, Line 4 Mississippi State University Foundation has updated their Charter of Incorporation and Bylaws in order to change the way assets are distributed upon dissolution. Prior to the change, all of the Foundation's property and assets became the property of the Board of Trustees of Institutions of Higher Learning of the State of Mississippi and were to be used for the benefit of Mississippi State University. The Charter has been amended to state that all assets shall instead be transferred to Mississippi State University upon dissolution. Form 990, Page 6, Part VI, Section B, Line 11b: THE FOUNDATION'S EXECUTIVE COMMITTEE CONDUCTS THE PRIMARY INSPECTION OF THE FORM 990. THE FULL BOARD OF DIRECTORS TYPICALLY REVIEWS IT AT ITS ANNUAL SPRING MEETING. IT IS NORMALLY AVAILABLE FOR INSPECTION NO FEWER THAN 14 DAYS PRIOR TO THE SCHEDULED SPRING MEETING. Form 990, Page 6, Part VI, Section B, Line 12c: AT LEAST ANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS AND EACH OFFICER SHALL COMPLETE, SIGN, AND FURNISH TO THE FOUNDATION A DISCLOSURE FORM SPECIFYING ANY CONFLICTS OF INTEREST. ANY PERSON FAILING TO FURNISH THE FORM MAY NOT PARTICIPATE IN ANY BOARD OR COMMITTEE MEETING AND MAY BE SUBJECT TO DISMISSAL FROM THE BOARD FOR ANY CONTINUING FAILURE. THE FORM IS REVIEWED BY THE SECRETARY. IF A CONFLICT EXISTS, THE TRANSACTION THAT GAVE RISE TO THE CONFLICT SHALL BE PRESENTED BY THE INTERESTED PERSON AND INVESTIGATED BY THE REMAINING DISINTERESTED PERSON TO SEE IF A MORE APPROPRIATE TRANSACTION IS AVAILABLE. THE INTERESTED PERSON IS NOT PRESENT DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION THAT RESULTS IN THE CONFLICT OF INTEREST. Form 990, Page 6, Part VI, Section B, Line 15: COMPENSATION WAS REVIEWED IN 2007 AND APPROVED BY THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING AS DOCUMENTED IN THE BOARD MEETING; THIS COMPENSATION PACKAGE WAS MODIFIED IN 2010 TO INCLUDE INCENTIVE COMPENSATION. IT WAS FURTHER MODIFIED IN 2016 AFTER A REVIEW WITH THE MSU FOUNDATION COMPENSATION COMMITTEE IN CONSULTATION WITH A COMPENSATION CONSULTANT. THIS MODIFICATION WAS APPROVED BY THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING IN 2017. THE TOTAL COMPENSATION IS CONTINUALLY REVIEWED BY THE FOUNDATION'S COMPENSATION COMMITTEE WITH THE ASSISTANCE OF THE COMPENSATION CONSULTANT, CHAIRMAN AND EXECUTIVE COMMITTEE OF THE FOUNDATION, PRESIDENT OF MISSISSIPPI STATE UNIVERSITY AND THE HUMAN RESOURCES DEPARTMENT OF MISSISSIPPI STATE UNIVERSITY. A CONSULTANT FROM WILLIS TOWERS WATSON PROVIDES ONGOING COUNSEL ON NATIONAL SALARIES TO INSURE THE REASONABLENESS OF THE TOTAL COMPENSATION PACKAGE. Form 990, Page 6, Part VI, Section C, Line 19: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. Form 990, Page 9, Part VIII, Line 7D: A BREAKOUT OF PROCEEDS AND BASIS IS NOT READILY AVAILABLE. THEREFORE, ONLY A TOTAL FOR GAIN OR LOSS IS BEING REPORTED. Maroon Air LLC PO BOX 6149 MISSISSIPPI STATE MS 39762 831311391 INVESTMENT MS 1380219 4232438 MISSISSIPPI MS State Investment Pool PO Box 423 Mississippi State MS 39762 640869097 Investments MS NA INVESTMENT 1285119 414570633 false -1427883 true 0.91440 Charitable Remainder Trust (14) Charitable Tr MS Trust false true false false false false false false false false false false false false false false false false true Mississippi State Investment Pool b 15000000 FMV Mississippi State Investment Pool s 15765868 FMV