Desoto County Foundation for Excellence in Education

Nonprofit profile at a glance

EIN
581927983
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Souhaven, MS, USA
Phone
6624294414
Rating
94
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$55,252
Expenses
$56,762
Assets
$10,690

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JIM FERGUSON (PRESIDENT)

People named in this filing

  • JIM FERGUSON (PRESIDENT)
  • JIM FLANAGAN (DIRECTOR)
  • BRIDGET MARTIN (PRINCIPAL/DI)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The desoto county foundation for excellence in education's main objective is to identify, support and promote education at all levels in desoto county. They receive and distribute grants and scholarships to teachers and students across desoto county. They promote partnerships between the community and classrooms through grant programs. The salute to education program annually recognizes individuals in education who excel in education.

What it reported doing in 2024

The general funds are allocated for "mini-grants" to support teachers, foster partnerships with businesses and industries, create endowments for college scholarships, implement teacher incentive programs, and recognize both faculty and students. These funds benefit all public, private, and parochial schools in the county. Each teacher is assigned a sponsor to whom they report on the success of their awarded grant. This process aims to strengthen relationships and garner support for our schools within the local community, including businesses, industries, churches, and private individuals.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.1%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -2.7%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 35th percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $56K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.