The Joseph C Bancroft Charitable and Educational Fund
Nonprofit profile at a glance
- EIN
- 582340181
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Mccomb, MS, USA
- Phone
- 6016846121
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Named Trusts N.E.C.
Reported finances
- Revenue
- $6,800,837
- Expenses
- $7,811,542
- Assets
- $203,994,196
- Liabilities
- $21,801,430
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- GERALD M ABDALLA (PRESIDENT, DIRECTOR)
Highest reported compensation
- GERALD M ABDALLA JR (DIRECTOR): $282,500 total reported compensation
- ROBERT M BIRD (DIRECTOR): $145,000 total reported compensation
- TOM A ABDALLA (DIRECTOR, SEC & TREAS): $145,000 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 support its specified publicly supported section 501(c)(3) beneficiary, the croft institute for international studies, and other charitable and educational section 501(c)(3) organizations which support and further the exempt charitable and educational purposes of the croft institute.
What it reported doing in 2024
Croft institute for international studies - the fund contributes a substantial portion of the cost to operate the institute. The croft institute for international studies, a 501(c)3 organization, provides for the study of international cultures, businesses, languages, politics and other affairs through its affiliation with the university of Mississippi. The institute's principal objective is to prepare students for a future of global interdependence among nations, businesses and other societal institutions.
Operating model
- Revenue model
- Investment-supported. 96% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 92
- Accountability: 32
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.6%; rating input score 40
- Program expense ratio: 33.6%; rating input score 34
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.8%; rating input score 100; 41st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -14.9%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 26.11; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 9.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: -9.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 39.6% of revenue deployed · 33.6% of spending went to programs
- Governance: 0 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $2.6M in reported program spending
- Leadership: top reported pay $282K · 4 people listed · 4 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 7 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: 7 filed money-flow records
- Related organizations: 4 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.