University of Mississippi Foundation

Nonprofit profile at a glance

EIN
237310293
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Oxford, MS, USA
Phone
6629155944
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$115,798,046
Expenses
$52,238,630
Assets
$935,677,223
Liabilities
$36,999,599

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

Leadership & pay

43 people listed

Executive titles in this filing

  • WENDELL W WEAKLEY (PRESIDENT/CEO)
  • ANNA M LANGLEY (VICE PRESIDENT/SECRETARY)

Highest reported compensation

  • WENDELL W WEAKLEY (PRESIDENT/CEO): $408,084 total reported compensation
  • MAGGIE E ABERNATHY (TREASURER/CFO): $239,658 total reported compensation
  • ANNA M LANGLEY (VICE PRESIDENT/SECRETARY): $221,874 total reported compensation

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

Overview

Mission

See schedule o

What it reported doing in 2024

Academic excellence - transfers to university academic departments for faculty and general use, accountancy, applied science, business, education, engineering, journalism, law, liberal arts, medical center, pharmacy, outreach, and research.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 81
  • Accountability: 98
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.9%; rating input score 49
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: $33.69 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 95.2%; rating input score 95; 35th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.3%; rating input score 97; 53rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 54.9%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 17.91; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 2.8%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 48.9% of revenue deployed · 88.2% of spending went to programs
  • Governance: 36 of 37 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $46.1M in reported program spending
  • Leadership: top reported pay $408K · 43 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 7 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 49/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.