Community Foundation for Mississippi
Nonprofit profile at a glance
- EIN
- 640845750
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Jackson, MS, USA
- Phone
- 6019746044
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $15,122,630
- Expenses
- $13,146,999
- Assets
- $90,343,422
- Liabilities
- $18,038,810
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- JANE C ALEXANDER (PRESIDENT AND CEO)
- CYNTHIA BUCHANAN (VICE PRESIDENT OF OPERATIO)
Highest reported compensation
- JANE C ALEXANDER (PRESIDENT AND CEO): $167,035 total reported compensation
- CYNTHIA BUCHANAN (VICE PRESIDENT OF OPERATIO): $124,799 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We connect donors, communities, and non-profit organizations to make meaningful and lasting change for Mississippi, for good, forever.
What it reported doing in 2024
The foundation's mission is to provide philanthropic leadership by meeting the needs of the region's donors and grant seekers. It encourages donations for charitable, educational and scientific purposes.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 76
- Accountability: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.7%; rating input score 96
- Program expense ratio: 97.7%; rating input score 98
- Fundraising efficiency: $124.04 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.8%; rating input score 96; 25th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.1%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 6.87; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 13.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 10.7% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 95.7% of revenue deployed · 97.7% of spending went to programs
- Governance: 18 of 18 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $12.8M in reported program spending
- Leadership: top reported pay $167K · 20 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 106 filed money-flow records
- Related organizations: 100 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.