Mississippi State University Educational Building Corporation

Nonprofit profile at a glance

EIN
640723407
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Missisippi State, MS, USA
Phone
6623257353
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$94,913,378
Expenses
$55,451,006
Assets
$423,503,704
Liabilities
$384,032,112

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

Leadership & pay

11 people listed

Executive titles in this filing

  • DAVID SHAW (PRESIDENT & DIRECTOR)
  • JOHN RUSH (FIRST VICE PRESIDENT & DIR)
  • REGINA HYATT (SECOND VICE PRESIDENT & DI)

Highest reported compensation

  • DR MARK KEENUM (DIRECTOR): $888,696 total reported compensation
  • DAVID SHAW (PRESIDENT & DIRECTOR): $452,225 total reported compensation
  • ZAC SELMON (DIRECTOR): $427,213 total reported compensation

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

Overview

Mission

To acquire, whether by purchase, lease, issue bonds, construction or gift, land and facilities ("educational facilities") for Mississippi state university, starkville, Mississippi, and to equip, maintain, enlarge or improve such educational facilities, as well as to take such actions as are necessary to cause the interest earned on such bonds to be exempt from income taxation

What it reported doing in 2024

Construction costs on Mississippi state univ campus

Operating model

Revenue model
Affiliate-supported. 98% of the money available for current operations came from contributions from related organizations.
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

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 65
  • Accountability: 9
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.8%; rating input score 60
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 41.6%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 7.64; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 59.8% of revenue deployed · 100% of spending went to programs
  • Governance: 2 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $55.5M in reported program spending
  • Leadership: top reported pay $889K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • 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 — Accountability: Governance controls: 6 of 8 not reported.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.