Methodist Foundation of Mississippi

Legal name: Methodist Foundation of Mississippi Inc

Nonprofit profile at a glance

EIN
640507167
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Ridgeland, MS, United States
Phone
(601) 948-8845
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution
Affiliation
Christianity

Official website

Reported finances

Revenue
$5,080,088
Expenses
$7,161,146
Assets
$169,480,247
Liabilities
$113,522,605

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

Leadership & pay

29 people listed

Executive titles in this filing

  • CHRIS BOONE (PRESIDENT)
  • JAN HITT (PAST PRESIDENT)
  • REV JOHN BRANNING (EXECUTIVE DIRECTOR)

Highest reported compensation

  • REV JOHN BRANNING (EXECUTIVE DIRECTOR): $202,182 total reported compensation
  • TODD D MARION (ASSOCIATE DIRECTOR/CFO): $163,373 total reported compensation
  • BILLIE SPRABERRY (TREASURER): $124,436 total reported compensation

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

Overview

Mission

Since 1967, the Methodist Foundation of Mississippi, Inc. has partnered with churches and related organizations to equip, educate, and invest. The Short-Term Fund provides a dependable source of income and liquidity consistent with a short-term time horizon. The Short-Term Fund guarantees the interest rate and the deposits of its account holders. The Foundation bears the investment risk. Short-Term Fund deposits are assured access to their funds within 1-3 business days. There is no investment minimum. The Short-Term Fund interest rate is 5.35%.The Foundation offers investment management services through professionally managed investment funds. The Foundation seeks to serve institutions of the Wesleyan tradition or Methodist heritage. We also seek to serve organizations who support Methodists. Click here for more information about.

What it reported doing in 2024

The methodist foundation of Mississippi provided investment management services for churches and methodist affiliates. This includes investment decisions, purchases and sales, as well as, the collection of investment income and allocation of returns. The foundation provided guidance, leadership, and workshops for church leaders and committees including generosity, church and individual financial management, and planned giving. The staff met with more than 125 groups providing guidance, leadership, and workshops for church leaders and committees. 450 churches and nonprofit organizations are invested in the foundation with 59 new accounts in 2024. $29,478,866 in gifts and deposits was received during 2024 and $21,934,884 was distributed for charitable purposes.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 51
  • Accountability: 95
  • Sustainability: 37
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.3%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 62.2%; rating input score 62; 17th 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; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -41%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 23.67; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 6.8%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: -2.1% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 100% of revenue deployed · 89.3% of spending went to programs
  • Governance: 27 of 27 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.4M in reported program spending
  • Leadership: top reported pay $202K · 29 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 44 filed money-flow records
  • Related organizations: 30 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.