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
2023-06-01
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
$17,712,238
2023
Total expenses
$12,862,991
2023
Total assets
$165,505,905
2023
Num. employees
0
2023

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 2,430 scholarships totaling $5.5mm 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$8,201,533
University of Southern Mississippi Alumni AssociationUsm Alumni Programs$37,659
University of Southern Mississippi Athletic FoundationUsm Athletics$11,085

Who funds University of Southern Mississippi Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ergon FoundationScholarship Fund$250,000
Lettie Pate Whitehead FoundationFor Nursing Scholarships.$217,000
C E and S FoundationDe Grummond Children's Literature Collection$200,000
...and 28 more grants received totalling $1,160,974

Personnel at University of Southern Mississippi Foundation

NameTitleCompensation
Leslee SmithChief Financial Officer$82,275
Stace MercierExecutive Director$132,856
Louie EhrlichImmediate Past President$0
Kelsey RushingPresident$0
Joe QuinlanVice President and RDC Chair$0
...and 5 more key personnel

Financials for University of Southern Mississippi Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$14,389,191
Program services$0
Investment income and dividends$3,277,508
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$80,060
Net income from fundraising events$-47,167
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,646
Total revenues$17,712,238

Form 990s for University of Southern Mississippi Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-13990View PDF
2022-062023-03-28990View PDF
2021-062021-11-15990View PDF
2020-062021-02-24990View PDF
2019-062020-02-18990View PDF
...and 9 more Form 990s
Data update history
December 25, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 24, 2023
Updated personnel
Identified 10 new personnel
December 23, 2023
Used new vendors
Identified 1 new vendor, including
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from The Paul and Sherry Broadhead Foundation
July 23, 2023
Received grants
Identified 16 new grant, including a grant for $261,000 from Pinebelt 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
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