University of Southern Mississippi Foundation
University of Southern Mississippi Foundation reported $27.7 million in revenue and $14.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.92 went to program services, $14.93 to management and general costs and $2.15 to fundraising. Its largest source of revenue was contributions and grants: 50.8% of the total. The highest compensation it reported for one person was $174,627 (EXECUTIVE DIRECTOR/SECRETARY). 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 $15MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 50.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $174,627 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.17% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 171.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 30 of 30 | 100.0% |
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 expenseThe foundation provides support to the University of Southern Mississippi in a multitude of ways. This fiscal year, the foundation supported the construction of a $2mm state-of-the-art therapy playground for the children's center for communication and development on the hattiesburg campus, provided 2,308 scholarships totaling nearly $5.7mm, and made many other disbursements in support of the University of Southern Mississippi
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR/SECRETARY Officer, 40.00 hrs/week | $142,034 | $0 | $32,593 | $174,627 |
| CHIEF DEVELOPMENT OFFICER Highest compensated employee, 40.00 hrs/week | $104,572 | $0 | $25,419 | $129,991 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $87,337 | $0 | $30,979 | $118,316 |
0 people received more than $100,000 in reportable compensation from University of Southern Mississippi Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b30 · 30 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- 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 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 669
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SEI Investment management fees | $874,430 |
| CODARAY CONSTRUCTION - LLC Building construction serv. | $256,336 |
| UC INNOVATION INC Software services | $148,758 |
| LANDSCAPE STRUCTURES INC Playground installation | $113,688 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to University of Southern Mississippi Foundation totaling $90,425 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 University of Southern Mississippi 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 University of Southern Mississippi Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Southern Mississippi Foundation spent in FY2025, $82.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Portledge SchoolLocust Valley, NY · revenue $28M · programs 78.8% · FY2025
- Washington Adventist UniversityTakoma Park, MD · revenue $28M · programs 55.1% · FY2025
- Northwest Indiana Lighthouse Charter SchoolsGary, IN · revenue $28M · programs 72.9% · FY2025
- College Success FoundationBellevue, WA · revenue $28M · programs 80.2% · FY2025
- Idyllwild Arts FoundationIdyllwild, CA · revenue $28M · programs 83.0% · FY2025
Questions people ask
How much of University of Southern Mississippi Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Southern Mississippi Foundation reported that 82.9% of its $14.9 million in expenses went to program services, 14.9% to management and general and 2.1% to fundraising (Form 990, Part IX).
How much does University of Southern Mississippi Foundation pay its top executive?
The largest total compensation University of Southern Mississippi Foundation reported for one person in the fiscal year ending June 30, 2025 was $174,627, for the role of EXECUTIVE DIRECTOR/SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Southern Mississippi Foundation get its money?
Of $27.7 million in revenue in the fiscal year ending June 30, 2025, 50.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is University of Southern Mississippi Foundation a registered charity?
The IRS lists EIN 64-6022505 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202533289349300538 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443159349300529 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333179349312553 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340879349301804 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143199349321894 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033109349302788 · read the filing
All filings for EIN 64-6022505: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.