Pinebelt Foundation

Nonprofit profile at a glance

EIN
721390352
IRS 990 coverage
2011–2025
Forms available
Form 990 2025, Form 990-T 2021
Location
Hattiesburg, MS, USA
Phone
6015836180
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Reported finances

Revenue
$28,479,228
Expenses
$6,143,471
Assets
$61,930,686
Liabilities
$1,684,433

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • SEAN PRIEBE (PRESIDENT)

People named in this filing

  • CARLOS BROWN (TREASURER)
  • PHIL HANBERRY (PAST PRESIDE)
  • ANNIE MCMILLAN (VICE PRESIDE)

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

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation is a not-for-profit organization designed to support charitable activities to benefit the residents of the pine belt area of south Mississippi. The mission is to build better communities through philanthropy. As a driving force in our region, our mission is to build stronger communities through philanthropy. Donors can establish charitable legacies and provide leadership to address community needs in a manner that is responsible, responsive, and lasting.

What it reported doing in 2025

Scholarships. The foundation grants scholarships for students attending institutions of higher education.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 92
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.9%; rating input score 24
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: $550.62 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.1%; rating input score 97; 37th 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; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 78.4%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 10.08; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 12.7% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 18.4% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 21% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 23.9% of revenue deployed · 93.9% of spending went to programs
  • Governance: 22 of 22 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $5.8M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 133 filed money-flow records
  • Related organizations: 116 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 — Financial Efficiency: Mission deployment rate scored 24/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.