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Mississippi State University Foundation

Mississippi State, MS · EIN 64-0410581 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Mississippi State University Foundation reported $144.8 million in revenue and $79.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.86 went to program services, $11.90 to management and general costs and $7.24 to fundraising. Its largest source of revenue was contributions and grants: 85.5% of the total. The highest compensation it reported for one person was $702,726 (PRESIDENT & CEO). 15 people received more than $100,000 in reportable compensation. Revenue rose 143% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $79M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $145M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 3,614 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
80.9%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
11.9%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
7.2%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.05$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
85.5%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
1.3%2.4%
Program service revenue share
Part VIII 2g ÷ 12
0.0%70.8%
Highest reported compensation
Part VII-A, columns D–F
$702,726$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.89%1.18%
People paid over $100,000
Part VII, line 2
156
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
165.06.9
Independent voting board members
Part VI 1a–1b
43 of 43100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$59M expenses · 92.8% of program spending · grants $59M

This includes amounts paid to Mississippi State University for scholarships and other requests such as research, teaching needs and other departmental requests

$3.1M expenses · 4.9% of program spending · grants $3.1M

This includes amounts paid to the bulldog club, inc. Primarily for athletic needs

$1.5M expenses · 2.4% of program spending · grants $1.5M

This includes amounts paid to the Mississippi State University alumni, inc. To supplement their program in servicing the alumni of Mississippi State University

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Officer, 40.0 hrs/week
$632,809$0$69,917$702,726
CHIEF FINANCIAL OFFICER
Officer, 40.0 hrs/week
$262,368$0$49,998$312,366
SECRETARY
Officer, 40.0 hrs/week
$239,796$0$43,042$282,838
EXEC DIRECTOR OF INFO SVCS
Highest compensated employee, 40.0 hrs/week
$205,291$0$37,367$242,658
SR. DIRECTOR OF DEV. ENG.
Highest compensated employee, 40.0 hrs/week
$190,451$0$45,935$236,386
DIRECTOR OF FINANCE AND BUDGET
Highest compensated employee, 40.0 hrs/week
$190,420$0$35,225$225,645
EXEC DIR OF COMM & DONOR RELATIONS
Highest compensated employee, 40.0 hrs/week
$182,500$0$42,106$224,606
DIRECTOR OF REAL ESTATE STRATEGY
Highest compensated employee, 40.0 hrs/week
$185,858$0$28,884$214,742

15 people received more than $100,000 in reportable compensation from Mississippi State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $914K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$145M$79M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$145M$79M80.9%$1.09B$702,726
FY2024 ⓘ$80M$70M79.7%$934M$655,939
FY2023 ⓘ$194M$64M78.0%$854M$614,085
FY2022 ⓘ$80M$51M78.0%$683M$586,704
FY2021 ⓘ$84M$42M78.4%$740M$652,533
FY2020 ⓘ$60M$68M87.0%$542M$562,698

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b43 · 43 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 591
  • Volunteers Part I, line 643

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Zuri Group LLC
Consulting Services
$685,882
1157 Design Concepts LLC
Design & Installation Services
$346,413
Tellos LLC
Marketing Services
$210,249
Baker Donelson Bearman & Caldwell
Legal & Policy Services
$200,278
LPK Architects PA
Contracting Services
$198,362

Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.

Private foundation grants it received

36 private foundations reported grants to Mississippi State University Foundation totaling $2.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Mississippi State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mississippi State University Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in Mississippi

Questions people ask

How much of Mississippi State University Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Mississippi State University Foundation reported that 80.9% of its $79.0 million in expenses went to program services, 11.9% to management and general and 7.2% to fundraising (Form 990, Part IX).

How much does Mississippi State University Foundation pay its top executive?

The largest total compensation Mississippi State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $702,726, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Mississippi State University Foundation get its money?

Of $144.8 million in revenue in the fiscal year ending June 30, 2025, 85.5% came from contributions and grants (including 1.3% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Mississippi State University Foundation a registered charity?

The IRS lists EIN 64-0410581 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641329349300204 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349302500 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431349349308653 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349308252 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241169349301829 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120649349300647 · read the filing

All filings for EIN 64-0410581: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.