EIN 64-6022505

University of Southern Mississippi Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1959
Most recent tax filings
2024-06-01
NTEE code, primary
Description
The University of Southern Mississippi Foundation builds relationships with alumni and friends to secure private funds and resources for the benefit of USM. They receive, invest, and distribute private gifts to support the university. In addition to scholarships, they also completed a privately funded building project at USM this year. The Foundation provides various other support on behalf of the university to enable faculty, staff, and students opportunities to excel in teaching, research, creative activities, outreach and service.
Total revenues
$26,790,188
2024
Total expenses
$12,071,547
2024
Total assets
$194,257,683
2024
Num. employees
0
2024

Program areas at University of Southern Mississippi Foundation

The Foundation provides support to the University of Southern Mississippi in a multitude of ways. This fiscal year, the Foundation provided 2,443 scholarships totaling $5.6mm and processed many other grants and transfers that foster academic excellence, student success and innovation and discovery at usm.
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.

Grants made by University of Southern Mississippi Foundation

GranteeGrant descriptionAmount
University of Southern MississippiUsm Programs$8,752,384
University of Southern Mississippi Alumni AssociationUsm Alumni Programs$43,100
University of Southern Mississippi Research FoundationUsm Research Activities$9,000
...and 1 more grant made

Who funds University of Southern Mississippi Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Blue Cross and Blue Shield of Mississippi FoundationHealth & Wellness - Inclusive Outdoor Classroom and Playground for the Children's Center - Hattiesburg$1,172,771
National Philanthropic TrustEducation$1,000,000
Ergon FoundationScholarship Fund$250,000
...and 21 more grants received totalling $3,449,213

Personnel at University of Southern Mississippi Foundation

NameTitleCompensation
Leslee SmithChief Financial Officer$86,829
Stace MercierExecutive Director$136,502

Financials for University of Southern Mississippi Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$21,197,951
Program services$0
Investment income and dividends$3,674,071
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,929,561
Net income from fundraising events$-44,082
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$32,687
Total revenues$26,790,188

Form 990s for University of Southern Mississippi Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-10990View PDF
2023-062023-11-13990View PDF
2022-062023-03-28990View PDF
2021-062021-11-15990View PDF
2020-062021-02-24990View PDF
...and 10 more Form 990s
Data update history
January 14, 2025
Received grants
Identified 6 new grant, including a grant for $1,172,771 from Blue Cross and Blue Shield of Mississippi Foundation
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2024
December 27, 2024
Updated personnel
Identified 2 new personnel
December 27, 2024
Used new vendors
Identified 1 new vendor, including
November 26, 2024
Received grants
Identified 3 new grant, including a grant for $241,000 from Lettie Pate Whitehead Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsPeer-to-peer fundraisingOperates internationallyState / local levelEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
118 College Dr 5210
Hattiesburg, MS 39406
Metro area
Hattiesburg, MS
County
Forrest County, MS
Phone
(601) 266-5210
IRS details
EIN
64-6022505
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1959
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0196835
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-03-19
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