2020-05-05T11:29:45-05:00 2019-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2018-07-01 640410581 Mississippi State University Foundation % JANET CARRAWAY CFO MISS 6623257000 PO Drawer 6149 Mississippi State MS 39762 JANET CARRAWAY CFO 6623257000 2020-03-15 true Fatima Chase CPA P01677201 6019486700 167.68.126.162 64248120201265000036 2020-05-05 P 5A0E8D6C4B5950E52DE464BEBEDA7C30598AEA7B 823702202746770B51A67577CD28BFC4F54EFBFB 2018 2020-09-23 17:36:50Z Janet Carraway PO Drawer 6149 Mississippi State MS 39762 65176762 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) 46 46 79 46 -1348513 -1348513 37750240 43316315 0 0 52340365 17752318 4240279 4108129 94330884 65176762 29517444 34446331 0 0 1600309 1803810 0 0 4042062 9868745 9915542 40986498 46165683 53344386 19011079 543740621 570922775 13252698 17453086 530487923 553469689 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 32355706 32355706 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. 1398519 1398519 Grants to Bulldog Club. This includes amounts paid to the Bulldog Club primarily for athletic needs. 692106 692106 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. 34446331 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 false false false true true true true false false true 321 0 79 true true true false false false false true true false false false true false false false X 46 46 true false false 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 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 LF Mallory Jr Past-President 1.0 0.0 X 0 0 0 CW 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 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 Wilson Vice Chair of the Board 1.0 0.0 X X 0 0 0 Earnest W Deavenport Jr 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 Franklin Director 1.0 0.0 X 0 0 0 David 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 Karre Director 1.0 0.0 X 0 0 0 Jay 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 Bradley M Reeves Alumni Association President 1.0 0.0 X 0 0 0 Wilbert G Holliman Jr Director 1.0 0.0 X 0 0 0 Malcolm B Lightsey Sr 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 Janice I Nicholson 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 John P Rush Chief Executive Officer 40.0 0.0 X 491621 0 40162 David D Easley Chief Financial Officer 40.0 0.0 X 199549 0 28502 Jack R McCarty Secretary 40.0 0.0 X 193653 0 26364 Judson H Skelton Director of Dev., CALS & RE 40.0 0.0 X 137682 0 18121 Janet H Carraway Director of Finance and Budget 40.0 0.0 X 143492 0 21190 Robert Jenkins Assoc. Athletic Dir. of Dev 40.0 0.0 X 120797 0 17100 William B Evans Sr. Director of Dev. Eng. 40.0 0.0 X 130892 0 18569 Vickie Brown Exec. Director of Info Svcs 40.0 0.0 X 120835 0 17870 1538521 0 187878 11 false true true KPMG LLP Dept 0608 PO Box 120608 DALLAS TX 753120060 Accounting 122700 Hederman Brothers PO Box 1036 MADISON MS 39130 Printing 110183 Tour Resources Consultants 12440 West 62nd Terrace Suite A SHAWNEE KS 66216 consulting 109880 3 1456929 41859386 12837066 43316315 0 5953142 -1348513 7301655 0 0 1029663 1029663 0 1029663 1029663 12149086 -349910 11799176 11799176 0 0 0 0 0 0 0 0 0 OTHER 900099 3078466 3078466 3078466 65176762 -1348513 23208960 34446331 34446331 0 0 0 293725 148005 145720 0 573931 314830 259101 0 875626 326392 549234 60528 32592 27936 0 35112 20834 14278 90700 90700 0 0 3165644 3165644 685225 410429 274796 925 925 832848 336311 496537 1996 1889 107 0 3091 1058 2033 247241 49757 197484 0 0 0 0 743944 743944 0 PURCHASED LABOR 3609063 1825049 1784014 TRANSFERS 295773 142018 153755 DUES & SUBSCRIPTIONS 91741 39406 52335 MEALS AND ENTERTAINMENT 47101 23785 23316 65138 4647 60491 46165683 34446331 7677290 4042062 0 0 9380254 10206634 39924754 32250143 0 0 0 0 0 0 207070 302310 0 0 0 0 55117759 10206162 41432732 44911597 0 0 452795811 483252091 0 0 0 0 0 0 543740621 570922775 1772573 1435999 0 0 50000 377144 0 0 0 0 0 0 0 0 0 0 11430125 15639943 13252698 17453086 X 42807487 42508689 118911931 121072503 368768505 389888497 530487923 553469689 543740621 570922775 19011079 3970687 X false true X true false X 37021064 44446603 40617693 37750240 43316315 203151915 0 0 37021064 44446603 40617693 37750240 43316315 203151915 19611577 183540338 13737555 12221978 11652055 6305311 5953142 49870041 0 2368350 2330199 2643711 2695580 3078466 13116306 266138262 0.68964 0.64700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 71295 false false 71295 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. 374631086 15461090 18637899 13291684 3118 395435273 354199812 12276543 22295964 16126246 -1985013 374631086 328315933 8377346 28857976 16010451 -4659008 354199812 340903623 14801649 -13862030 14993896 -1466587 328315933 331806539 5188428 407482 13420598 -2885105 326866956 0.04970 0.82360 0.12670 false false 34594669 192500 34787169 11955487 6492630 5462857 8375103 3713532 4661571 44911597 NON-POOLED PLANNED GIVING INV 50787293 F NATURAL RESOURCES 12183889 F SHORT-TERM INVESTMENTS 8094707 F CASH SURR VAL OF LIFE INS 1886091 F INVESTMENT IN MSIP 2171624 F AGILITY COMPREHENSIVE SOLUTION 408128487 F 483252091 0 LIAB UNDER SPLIT INTEREST AGRE 8610130 AGENCY PAYABLE 6683375 PAYABLE TO MISSISSIPPI STATE U 346438 15639943 X 67761499 3970687 -3165644 805043 66956456 -1779694 -1779694 65176762 43000039 43000039 3165644 3165644 46165683 Part V, Line 1: There was a change in the prior year endowment fund activity. The amounts have been adjusted to reflect what was reported on the consolidated audited financial statements for the years ended June 30, 2019 and 2018. 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: As of June 30, 2019, there were no material uncertain tax positions. Part XI, Line 2d: Investment management fees of ($3,165,644) were netted with investment income on the financial statements but included in expense on Form 990. Part XI, Line 4b: Elimination of subsidiaries ($1,779,694) Part XII, Line 4b: Investment management fees of $3,165,644 were netted with investment income on the financial statements but included in expense on Form 990. true Mississippi State University PO Drawer BT Mississippi State MS 39762 646000819 MS 32355706 See Part IV Bulldog Club PO Box 5227 Mississippi State MS 39762 510163622 501(c)(3) 1398519 See Part IV MSU Alumni Association PO Box AA Mississippi State MS 39762 582006453 501(c)(3) 692106 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 405214 77769 8638 40162 531783 David D Easley Chief Financial Officer 171094 28455 28502 228051 Jack R McCarty Secretary 167268 26385 26364 220017 Judson H Skelton Director of Dev., CALS & RE 114164 23518 18121 155803 Janet H Carraway Director of Finance and Budget 122337 21155 21190 164682 Robert Jenkins Assoc. Athletic Dir. of Dev 103957 16840 17100 137897 William B Evans Sr. Director of Dev. Eng. 108646 22246 18569 149461 Vickie Brown Exec. Director of Info Svcs 104332 16503 17870 138705 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 2 5850 FMV X 5174 FMV X 2 56715 FMV X 60 7532845 Stock Quote X 2 470000 APPRAISAL X 6 358251 FMV X 2 87392 FMV X Livestock 6 82000 FMV X Equipment 20 461274 FMV X LANDSCAPING 2 44250 FMV X MISCELLANEOUS 7 47660 FMV 3 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 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. HOWEVER, DUE TO THE CANCELLATION OF THE 2020 SPRING MEETING, THE EXECUTIVE COMMITTEE REVIEWED IT BY CONFERENCE CALL AND THE REMAINING BOARD MEMBERS INDIVIDUALLY REVIEWED THE FORM 990 AND PROVIDED COMMENTS PRIOR TO ITS FILING. 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 persons 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 FOUNDATION, PRESIDENT OF MISSISSIPPI STATE UNIVERSITY AND THE HUMAN RESOURCES DEPARTMENT AT MISSISSIPPI STATE UNIVERSITY. A CONSULTANT FROM WATSON WILLIS TOWER 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 Mississippi State University 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 0 4655903 MISSISSIPPI MS State Investment Pool PO Box 423 Mississippi State MS 39762 640869097 Investments MS NA investment 13597017 380685743 false -1348513 true 0.89970 Charitable Remainder Trust (16) 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 16122353 FMV Mississippi State Investment Pool s 9663003 FMV