UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION (EIN 64-6022505)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-15
- IRS object ID
- 201103199349306780
- Schema version
- 2010v3.4
- 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 I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-15T14:15:37-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 190 E Capitol Street Ste 500 | AddressLine1 |
| City | Jackson | City |
| State | MS | State |
| ZIP Code | 392012190 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 646022505 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The University of Southern MS Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6012665210 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 College Drive 5210 | AddressLine1 |
| City | Hattiesburg | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT D PIERCE II | Name |
| Title | Executive Director | Title |
| Date Signed | 2011-11-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Penny Wood CPA | Name |
| Phone | 6019486700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Robert D Pierce II | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 College Drive 5210 | AddressLine1 |
| City | Hattiesburg | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 29984251 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.usmfoundation.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1959 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | The mission of the University of Southern Mississippi Foundation is to build relationships with alumni and friends in order to secure private funds for the benefit of the University of Southern Mississippi. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 39 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 39 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 49 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 11419850 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4878567 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2000672 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2448975 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 176303 | OtherRevenuePriorYear |
| Other Revenue Current Year | 298318 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 13596825 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7625860 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5298838 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5375098 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 349929 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2633413 | OtherExpensePriorYear |
| Other Expenses Current Year | 2755704 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7932251 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8130802 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5664574 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -504942 | RevenuesLessExpensesCY |
| Total Assets BOY | 82137554 | TotalAssetsBOY |
| Total Assets EOY | 90866124 | TotalAssetsEOY |
| Total Liabilities BOY | 2130488 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1898310 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 80007066 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 88967814 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION IS 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. AS A NON-PROFIT ORGANIZATION, THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION. THE FOUNDATION PROVIDES SERVICE TO OUR DONORS, OUR UNIVERSITY AND OUR COMMUNITY BY ENCOURAGING COMMITMENT AND INVESTMENT IN THE FUTURE OF THE UNIVERSITY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 5349533 | Expense |
| Grants | 5349533 | Grants |
| Description | Scholarships and transfers to support the University of Southern Mississippi | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1983349 | Expense |
| Description | Other designated items, commodities and contractual services in support of the University of Southern Mississippi | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 7332882 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 64 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form1098 C Filed | true | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 39 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 39 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JENNIFER BOUCHER CFO | NamePerson |
| Telephone Number | 6012666994 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1 |
| City | Hattiesburg | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (41 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Mr W Reed Allison Jr | ||||||
| Investment Committee Chair | 1.0 | X | 0 | 0 | 0 | |
| Mr Jeff C Bowman | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mrs Hope P Broome | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr JR Brown | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr James W Carraway | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Mike Collins | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Ric Corts | ||||||
| Real Estate Chair | 1.0 | X | 0 | 0 | 0 | |
| Dr Tom Estes Jr | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Ms Kimberly S Gallaspy | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Dr Michael Herrington | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Robert T Jackson Sr | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mrs Gwen C James | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Rickey D Jones | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Rex Kelly | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mrs Linda Bounds Keng | ||||||
| Planned Giving Committee Chair | 1.0 | X | 0 | 0 | 0 | |
| Captain Karl Langenbach | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Ms Julie Lennon | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Dr Alan D Lucas | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Ms Adele C Lyons | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Sean P McGee | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Dr Lynn B McMahan | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mrs Becky Montague | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Carl Nicholson | ||||||
| Immediate Past President | 1.0 | X | 0 | 0 | 0 | |
| Mr Abb Payne | ||||||
| Current Giving Comm. Chair | 1.0 | X | 0 | 0 | 0 | |
| Mr Tom Potter | ||||||
| Exec. Comm. Member-at-large | 1.0 | X | 0 | 0 | 0 | |
| Mr Tracy Powell | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Mike Ratliff | ||||||
| Planning & Bylaws Chair | 1.0 | X | 0 | 0 | 0 | |
| Mrs Susan Riley | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Ms Kathleen A Shaughnessy | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Kenneth Stevens | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Charlie Sutherland | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Dr Clay Thames | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Charles Thomas | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Mr Gilbert Van Loon | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Dr Thad Waites | ||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |
| Dr Fred H Drews III | ||||||
| Treasurer/Finance Comm. Chair | 1.0 | X | 0 | 0 | 0 | X |
| Mr Powell G Ogletree Jr | ||||||
| Vice President/Nom. Chair | 1.0 | X | 0 | 0 | 0 | X |
| Mrs Lou Ann Poynter | ||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | X |
| Mr Raymond E Van Norman | ||||||
| President | 1.0 | X | 0 | 0 | 0 | X |
| Mrs Jennifer M Boucher | ||||||
| Chief Financial Officer | 40.0 | 0 | 78546 | 9426 | X | |
| Mr Robert D Pierce II | ||||||
| Executive Director | 40.0 | 0 | 145878 | 21679 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 224424 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 31105 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Blackbaud Inc | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 930256 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 311930256 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Software Services | DescriptionOfServices |
| Compensation | 137435 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 4878567 | AllOtherContributions |
| Noncash Contributions | 568270 | NoncashContributions |
| Total Contributions | 4878567 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1763252 | TotalRevenueColumn |
| Exclusion | $1,763,252 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 22974114 | Securities |
| Other | 70000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 22231891 | Securities |
| Other | 126500 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 742223 | Securities |
| Other | -56500 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 685723 | TotalRevenueColumn |
| Exclusion | $685,723 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 298318 | TotalRevenueColumn |
| Exclusion | $298,318 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 298318 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7625860 | TotalRevenueColumn |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,747,293 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5368645 | Total |
| Program Services | 5368645 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6453 | Total |
| Program Services | 6453 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29067 | Total |
| Management And General | 12000 | ManagementAndGeneral |
| Fundraising | 17067 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53300 | Total |
| Management And General | 53300 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365267 | Total |
| Program Services | 345647 | ProgramServices |
| Management And General | 19620 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 591885 | Total |
| Program Services | 460248 | ProgramServices |
| Management And General | 15542 | ManagementAndGeneral |
| Fundraising | 116095 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 160244 | Total |
| Program Services | 87994 | ProgramServices |
| Management And General | 49871 | ManagementAndGeneral |
| Fundraising | 22379 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107243 | Total |
| Program Services | 56434 | ProgramServices |
| Management And General | 33778 | ManagementAndGeneral |
| Fundraising | 17031 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151127 | Total |
| Program Services | 7501 | ProgramServices |
| Management And General | 45477 | ManagementAndGeneral |
| Fundraising | 98149 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 696 | Total |
| Program Services | 215 | ProgramServices |
| Management And General | 481 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 302303 | Total |
| Program Services | 262847 | ProgramServices |
| Management And General | 3460 | ManagementAndGeneral |
| Fundraising | 35996 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234848 | Total |
| Program Services | 189837 | ProgramServices |
| Management And General | 32993 | ManagementAndGeneral |
| Fundraising | 12018 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23146 | Total |
| Management And General | 23146 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99277 | Total |
| Program Services | 81 | ProgramServices |
| Management And General | 99196 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114940 | Total |
| Program Services | 101807 | ProgramServices |
| Management And General | 13133 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CAPITAL OUTLAY | 340230 | 320555 | 19675 | |
| MEALS AND ENTERTAINMENT | 78971 | 61043 | 1493 | 16435 |
| DUES AND SUBSCRIPTIONS | 51145 | 29419 | 20010 | 1716 |
| PROFESSIONAL DEVELOPMENT | 30354 | 24098 | 3343 | 2913 |
| MISCELLANEOUS | 21551 | 10058 | 1363 | 10130 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110 | Total |
| Management And General | 110 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8130802 | Total |
| Program Services | 7332882 | ProgramServices |
| Management And General | 447991 | ManagementAndGeneral |
| Fundraising | 349929 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 453473 | BOY |
| EOY | 527414 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11106813 | BOY |
| EOY | 8860282 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Accounts Receivable | AccountsReceivable |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1400 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144085 | BOY |
| EOY | 147401 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1035472 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 189964 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 868046 | BOY |
| EOY | 845508 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64522742 | BOY |
| EOY | 75666698 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2025328 | BOY |
| EOY | 2140212 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3015667 | BOY |
| EOY | 2678609 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82137554 | BOY |
| EOY | 90866124 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 402740 | BOY |
| EOY | 309620 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1322113 | BOY |
| EOY | 1172113 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 405635 | BOY |
| EOY | 416577 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2130488 | BOY |
| EOY | 1898310 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2563938 | BOY |
| EOY | 4670327 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30631514 | BOY |
| EOY | 35074757 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46811614 | BOY |
| EOY | 49222730 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80007066 | BOY |
| EOY | 88967814 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82137554 | BOY |
| EOY | 90866124 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -504942 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 9465690 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6868493 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4062609 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10647023 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11419850 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4878567 | CurrentTaxYear |
| Total | 37876542 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6868493 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4062609 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10647023 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 11419850 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4878567 | CurrentTaxYear |
| Total | 37876542 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 8032903 | AmountsSubstContributorsTotal |
| Public Support Total170 | 29843639 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1125934 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1233509 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1092709 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1516625 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1763252 | CurrentTaxYear |
| Total | 6732029 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -1595 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 44013 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 194068 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 178178 | CurrentTaxYearMinus1Year |
| Current Tax Year | 298318 | CurrentTaxYear |
| Total | 712982 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 45321553 | TotalSupport |
| Gross Receipts From Admissions Etc | 105379 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.65849 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.74430 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $20,971 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 20971 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
| Form4720 Filed4912 Tax | false | Form4720Filed4912Tax |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule C, Part II-b, Line 1i: | Identifier |
| 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 lobbying activities for the year were $20,971. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49149641 | BeginningOfYearBalance |
| Contributions | 1413935 | Contributions |
| Investment Earnings Or Losses | 10663578 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 981894 | GrantsOrScholarships |
| Other Expenditures | 1500117 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 58745143 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 45270806 | BeginningOfYearBalance |
| Contributions | 1232898 | Contributions |
| Investment Earnings Or Losses | 3704959 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 556657 | GrantsOrScholarships |
| Other Expenditures | 502365 | OtherExpenditures |
| End Of Year Balance | 49149641 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 54797922 | BeginningOfYearBalance |
| Contributions | 2316551 | Contributions |
| Investment Earnings Or Losses | -9002892 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1150673 | GrantsOrScholarships |
| Other Expenditures | 1690102 | OtherExpenditures |
| End Of Year Balance | 45270806 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.04541 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.93357 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.02102 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 474500 | InvestmentCostOrOtherBasis |
| Book Value | 474500 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11956 | OtherCostOrOtherBasis |
| Depreciation | 4466 | Depreciation |
| Book Value | 7490 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 549016 | OtherCostOrOtherBasis |
| Depreciation | 185498 | Depreciation |
| Book Value | 363518 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 845508 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| GIFT ANNUITIES PAYABLE | $414,887 |
| AMOUNTS HELD FOR OTHERS | $1,410 |
| AMOUNTS DUE TO BROKERS | $280 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 416577 | TotalOfAmounts |
| Total Revenue | 7625860 | TotalRevenue |
| Total Expenses | 8130802 | TotalExpenses |
| Excess Or Deficit For Year | -504942 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 9335044 | NetUnrealizedGLOnInvestments |
| Other | $130,646 | OtherAmount |
| Total Adjustments | 9465690 | TotalAdjustments |
| Excess Or Deficit Per FS | 8960748 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18279331 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 9335044 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1553048 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -234621 | OtherRevenues |
| Revenue Not Rptd F990 | 10653471 | RevenueNotRptdF990 |
| Revenue Subtotal | 7625860 | RevenueSubtotal |
| Total Revenue Per Form990 | 7625860 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9318583 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 1553048 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 1553048 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7765535 | ExpensesSubtotal |
| Other Expenses Not Included | 365267 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 365267 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8130802 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule D, Part V, Line 4: | The endowment funds are created through donor restrictions and board designations and are intended to be used for the long-term support of the University of Southern Mississippi. |
| Schedule D, Part X, Line 2: | Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. |
| Schedule D, Part XI, Line 8: | Increase in value of split-interest agreements 130,646 |
| Schedule D, Part XII, Line 2d: | Increase in value of split-interest agreements of $130,646 was included in revenue in the financial statements but not on the Form 990. Investment expenses of $365,267 were netted with income in the financial statements but included as an expense on the Form 990. |
| Schedule D, Part XIII, Line 4b: | Investement expenses of $365,267 were netted with income in the financial statements but included as an expense on the Form 990. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | Region |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConducted |
| Specific Services Provided | Foreign Travel | SpecificServicesProvided |
| Total Expenditures | 49994 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 49994 | SubtotalAmountSpent |
| Total Amount Spent | 49994 | TotalAmountSpent |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Foreign Travel | Identifier |
| Return Reference | Schedule F, Part I, Line 3 | ReturnReference |
| Explanation | The $49,994 was an expense for foreign travel for University representatives to travel to The Abbey Program at Pontlevoy, France. A payment of $49,994 was made to Tour Assist Direct, LTD, an organization in the United Kingdom, for services and support including arrangements, transportation, accommodations, lunches and dinners for the USM delegation visit to Pontlevoy and Paris. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| The University of Southern Mississippi | |||||||
| 118 College Dr 5143 | Hattiesburg | MS | 39406 | 646000818 | State of MS | 5268112 | USM Programs |
| University of Southern MS Athletic Foundation | |||||||
| 118 College Dr 5017 | Hattiesburg | MS | 39406 | 640929171 | 501(c)(3) | 74376 | USM Athletics |
| The University of Southern MS Alumni Association | |||||||
| 118 College Dr 5013 | Hattiesburg | MS | 39406 | 640763097 | 501(c)(3) | 7045 | USM Alumni Programs |
| William Carey University | |||||||
| 498 Tuscan Ave Box 2 | Hattiesburg | MS | 39401 | 640329300 | 501(c)(3) | 19111 | Hub Award Grant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Fellowships and Awards | TypeOfGrant |
| Number Of Recipients | 9 | NumberOfRecipients |
| Amount Of Cash Grant | 6453 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule I, Part I, Line 2: | Identifier |
| 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Mr Robert D Pierce II | NamePerson |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 144600 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 1278 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 17352 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 4327 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 167557 | TotalCompensationRelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule J, Part I, Line 3: | Identifier |
| Explanation | The University of Southern Mississippi, a related organization, provides compensation for all who work for the Foundation, including the Executive Director and Chief Financial Officer. The process for determining compensation, review and approval, and substantiation of this deliberation and decision is all handled by the University. Compensation of the Executive Director was reviewed in June of 2010 and approved by the Mississippi Board of Trustees of State Institutions of Higher Learning as documented in the minutes of that Board meeting. | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles |
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 35900 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Qualified Appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 25 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 230253 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Avg on date of gift | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 12000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Qualified Appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 162993 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Qualified Appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Life Estate | 1 | 125350 | Remainder Interest |
| X | Piano | 1 | 750 | Fair Market Value |
| X | Various | 8 | 1020 | Fair Market Value |
| X | Various | 4 | 4 | Value Unknown |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 4 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART II, LINE 32A: | Identifier |
| Explanation | THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Page 6, Part VI, Section A, Line 4: | Changes made to the organization's bylaws since the prior Form 990 was filed include the following: Established a "hierarchy" of governing documents with the Foundation's Affiliation Agreement with the University carrying the most prominence. Reduced the total number of elected Directors from 39 to 27 and added the Officers (President, Vice President, Treasurer, and Immediate Past President) as additional elected members of the Board for a total voting membership on the Board of 31. Increased the total number of ex-officio, non-voting Board members from six to nine. Transitioned the office of Secretary from a voting, elected position to a non-voting, ex-officio position by making the Executive Director of the USM Foundation the Secretary as well. The membership of the Executive Committee was reduced by two from 10 members to eight including seven voting members and one non-voting, ex-officio member (the Secretary). A Nominating Committee was formed of five Past Presidents of the Foundation along with the current President and Vice President. Discontinued the practice of permitting elected Directors to serve consecutive terms on the Board. Removed the requirement that for a person to be nominated by the Nominating Committee or selected by the Board that the person be a donor to The University of Southern Mississippi or commit to making a donation to the University within 90 days of the beginning of his/her term as a Director. The Current Giving Committee, Planned Giving Committee, Real Estate Council and President's Advisory Council have been eliminated from the Bylaws as the workload for these groups can be assimilated into the Executive Committee and/or Finance Committee thus streamlining the governance structure of the Foundation and reducing the amount of time required from the staff in supporting the committees. |
| Form 990, Page 6, Part VI, Section B, Line 11b: | The Finance Committee and the Board received the 2010 Form 990 draft for review prior to being filed. Comments were addressed and the form was updated as necessary. A complete copy of the 2010 Form 990 was provided to all Board members prior to filing. |
| Form 990, Page 6, Part VI, Section B, Line 12c: | Each year, each member of the board and each member of all committees, subcommittees and councils sign a written statement certifying that they agree and are in compliance with the conflict of interest policy. |
| Form 990, Page 6, Part VI, Section B, Line 15: | The University of Southern Mississippi, a related organization, provides compensation for all who work for the Foundation, including the Executive Director and Chief Financial Officer. The process for determining compensation, review and approval, and substantiation of this deliberation and decision is all handled by the University. Compensation of the Executive Director was reviewed in June of 2010 and approved by the Mississippi Board of Trustees of State Institutions of Higher Learning as documented in the minutes of that Board meeting. |
| Form 990, Page 6, Part VI, Section C, Line 19: | The University of Southern Mississippi Foundation's bylaws, conflict of interest policy, Form 990 and financial statements are available to the public on the Foundation website. |
| Form 990, Page 12, Part XI, Line 5: | Unrealized Gain on Investments $9,335,044 Increase in Value of Split Interest Agreements $130,646 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Aviation Holdings LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 College Drive 5210 | AddressLine1 |
| City | Hattiesburg | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263637085 | EIN |
| Primary Activities | Pers. Prop. | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
| Total Income | 106292 | TotalIncome |
| EOY Assets | 1306061 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of Southern Mississippi | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 College Drive 5143 | AddressLine1 |
| City | Hattiesburg | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 646000818 | EIN |
| Primary Activities | Education | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HLG and JBG CRUT | |||||||||||
| PO Box 10885 | Birmingham | AL | 35202 | 646215863 | Trust | MS | NA | T | 0 | 14183 | 0.58000 |
| JEG CRAT | |||||||||||
| 1581 Ameriprise Financial Center | Minneapolis | MN | 55474 | 207371805 | Trust | MS | NA | T | 0 | 296694 | 0.52000 |
| LEH CRAT | |||||||||||
| PO Box 1231 | Hattiesburg | MS | 39403 | 726180760 | Trust | MS | NA | T | 0 | 157248 | 0.77000 |
| FBK CRUT | |||||||||||
| PO Box 14407 | St Petersburg | FL | 33733 | 912163804 | Trust | MS | NA | T | 0 | 419892 | 0.92000 |
| BTW and VRW CRUT | |||||||||||
| 631 Main Street | Hattiesburg | MS | 39401 | 636222457 | Trust | MS | NA | T | 0 | 10815 | 0.81000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |