2024-05-02T09:16:19-05:00 2023-12-31 205857627 TMH P O DRAWER 15099 HATTIESBURG MS 394045099 990PF 2023-01-01 640692161 ASBURY FOUNDATION OF HATTIESBURG INC ASBU 6012963555 PO BOX 17797 HATTIESBURG MS 394047797 WILLIAM K RAY CEO & BOARD MEM 6012963555 2024-05-02 1 WILLIAM RAY 999009999 0 RICHARD G TOPP CPA P00144777 6012643519 2024-05-01 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X X 43978 X X 4502 4502 706585 706585 1537392 28183827 1537392 11269 0 2259748 2248479 426731 42673 384058 101281 10128 91153 4729 0 4729 48500 14550 33950 64249 14784 20543 2882 576 28693 5739 22954 707 100 607 102631 86632 15999 780403 175182 573993 29189513 29189513 29969916 175182 29763506 -27710168 2073297 561850 10218 10218 1277585 33760 33760 33760 12579 14112381 0 0 8438429 0 0 3339051 0 0 12271 0 0 27754146 43978 43978 1262889 43978 30862 0 1293751 43978 X 26460395 0 26460395 0 27754146 43978 26460395 -27710168 1249773 0 0 0 PUBLICY TRADED SECURITIES 28183827 26646435 1537392 1537392 1537392 28819 0 28819 0 28819 62579 0 0 0 62579 X 0 33760 0 33760 0 0 0 0 0 0 0 0 0 1 0 1 MS 1 0 0 0 0 0 WWW.ASBURYFOUNDATIONOFHATTIESBURG.COM WILLIAM K RAY 6012963555 201 METHODIST BLVD HATTIESBURG MS 39402 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MR GLENN GALEY PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 5500 0 0 MR HARRY MCARTHUR PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 0 0 0 MR WILLIAM RAY PO BOX 17797 HATTIESBURG MS 394047797 CEO & BOARD MEM 30.00 391231 0 0 MS JAN LACY PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 1500 0 0 MR JOSEPH HURSTON PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 5500 0 0 MR RAY HUMPHREYS PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 6000 0 0 MR RON CAIN PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 6000 0 0 MR JEROME BROWN PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 5500 0 0 MR JOE STEVENS PO BOX 17797 HATTIESBURG MS 394047797 BOARD MEMBER 0.25 5500 0 0 STACIE WALLACE 201 METHODIST BLVD HATTIESBURG MS 39402 ASSOCIATE DIRECTOR 24.00 101281 0 0 0 NONE 0 0 26638957 11649285 0 38288242 0 0 38288242 574324 37713918 1885696 1885696 28819 28819 1856877 0 1856877 0 1856877 29763506 0 29763506 1856877 0 0 676759 749719 826965 1739311 547461 4540215 29763506 0 0 0 1856877 27906629 0 0 32446844 0 0 0 0 0 0 676759 31770085 749719 826965 1739311 547461 27906629 WILLIAM K RAY PO BOX 17797 HATTIESBURG MS 394047797 6012963555 A BOUND APPLICATION MUST BE PRESENTED TO INCLUDE A COPY OF THE ORGANIZATION'S 501(C)3, BUDGETS, COMPLETED FINANCIAL INFORMATION, AND A COMPLETED GRANT APPLICATION. MAY 31, AUGUST 31, OCTOBER 31, OR MARCH 31. APPLICANTS MUST BE RECOGNIZED BY THE IRS AS 501(C)3 ORGANIZATIONS OR MUST BE UNITS OF GOVERNMENT SERVING IN THE FOLLOWING COUNTIES: LAMAR, FORREST, MARION, PERRY, JONES, COVINGTON, PEARL RIVER, AND JEFFERSON DAVIS. AREA DEVELOPMENT PARTNERSHIP 1 CONVENTION CENTER PLAZA HATTIESBURG MS 39401 NONE FORWARD TOGETHER CAMPAIGN 80000 ASSOCIATION FOR RETARDED CITIZENS PO BOX 1800 HATTIESBURG MS 39404 NONE UNRESTRICTED 100000 CHRISTIAN FOOD MISSIONS INC 506 CHANTILLY STREET LAUREL MS 39440 NONE FOOD PANTRY PROGRAM 175000 CHRISTIAN SERVICES OF AMERICA 301 E SECOND ST HATTIESBURG MS 39401 NONE FOOD PANTRY PROGRAM 275000 CITY OF HATTIESBURG 200 FORREST ST HATTIESBURG MS 39401 NONE POLICE 13000 EDWARDS STREET MISSION PO BOX 17532 HATTIESBURG MS 39404 NONE FOOD PANTRY PROGRAM 275000 EXTRA TABLE INC 3904 HARDY ST HATTIESBURG MS 39402 NONE FOOD PANTRY AND SOUP KITCHENS 275000 FELLOWSHIP OF CHRISTIAN ATHLETES PO BOX 449 RIDGELAND MS 39158 NONE UNRESTRICTED 330000 HATTIESBURG CONVENTION COMMISSION ONE CONVENTION CENTER PLAZA HATTIESBURG MS 39401 NONE UNRESTRICTED 100000 HOMES OF HOPE FOR CHILDREN 344 HAROLD TUCKER ROAD PURVIS MS 39475 NONE UNRESTRICTED 100000 JONES COUNTY JUNIOR COLLEGE FOUNDATION 900 SOUTH COURT STREET ELLISVILE MS 39437 NONE ASBURY ENDOWED SCHOLARSHIP 6378537 KIDS HUB 15 MILLBRANCH RD HATTIESBURG MS 39401 NONE UNRESTRICTED 80976 MAKE-A-WISH FOUNDATION 607 HIGHLAND COLONY PARKWAY SUITE 100 RIDGELAND MS 39157 NONE WISHES 75000 MISSION AT THE CROSS 324 S MAGNOLIA STREET LAUREL MS 39440 NONE IMPROVEMENTS TO FACILITY 51300 MISSION MISSISSIPPI PO BOX 22655 JACKSON MS 392252655 NONE UNRESTRICTED 25000 MOUNT OLIVE MINISTRIES PO BOX 875 MT OLIVE MS 39119 NONE MOM'S KID ZONE GRANT 240700 PEARL RIVER COMMUNITY COLLEGE PO BOX 5389 POPLARVILLE MS 39470 NONE ASBURY ENDOWED SCHOLARSHIP 6000000 THE SALVATION ARMY PO BOX 1750 HATTIESBURG MS 39403 NONE FOOD PANTRY PROGRAM 175000 THE UNITED WAY OF SOUTHEAST MISSISSIPPI 210 W FRONT ST SUITE 400 HATTIESBURG MS 39401 NONE MATCHING GRANT 200000 UNIVERSITY OF SOUTHERN MISSISSIPPI WESLEY FOUNDATION 3200 MONTAGUE BLVD HATTIESBURG MS 39401 NONE UNRESTRICTED 240000 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE 5210 HATTIESBURG MS 394060001 NONE ASBURY ENDOWED SCHOLARSHIP 6000000 WILLIAM CAREY UNIVERSITY FOUNDATION 498 TUSCAN AVENUE HATTIESBURG MS 39401 NONE ASBURY ENDOWED SCHOLARSHIP AND COLLEGE OF HEALTH 8000000 29189513 EDWARDS STREET MISSION PO BOX 17532 HATTIESBURG MS 39404 FOOD PANTRY PROGRAM 43978 43978 14 4502 14 706585 18 1537392 OTHER RECEIPTS 01 11269 0 2259748 0 2259748 8 THE VAST MAJORITY OF THE ENTITY'S ASSETS ARE IN INVESTMENTS WHICH FUND THE ORGANIZATIONS ACTIVITIES. WITHOUT THESE INVESTMENT ASSETS, THE ENTITY WOULD BE UNABLE TO FUND ITS MISSION. 0 0 0 0 0 0 0 0 0 0 PROFESSIONAL FEES 48500 14550 33950 STACIE'S CHAIR 1999-07-26 385 385 SL 7.000000000000 0 0 2-SEATER SOFA 1999-07-26 689 689 SL 7.000000000000 0 0 CLUB CHAIR 1999-07-26 591 591 SL 7.000000000000 0 0 CORNER TABLE 1999-07-26 490 490 SL 7.000000000000 0 0 ARC TOP DESK 1999-07-26 2289 2289 SL 7.000000000000 0 0 CORNER COMP DESK 1999-07-26 1165 1165 SL 7.000000000000 0 0 MAGAZINE SOFA TABLE 1999-07-26 485 485 SL 7.000000000000 0 0 LATERAL FILE 1999-07-26 895 895 SL 7.000000000000 0 0 2-DWR LATERAL FILE 1999-07-26 895 895 SL 7.000000000000 0 0 STORAGE CREDENZA 1999-07-26 1763 1763 SL 7.000000000000 0 0 BOOKCASE W/GLASS DOORS 1999-07-26 2106 2106 SL 7.000000000000 0 0 TV CABINET W/STORAGE 1999-07-26 595 595 SL 7.000000000000 0 0 DESK CHAIR 1999-07-26 593 593 SL 7.000000000000 0 0 2 GUEST CHAIRS 1999-07-26 967 967 SL 7.000000000000 0 0 STACIE'S DESK 1999-08-16 590 590 SL 7.000000000000 0 0 U SHAPED CREDENZA 2006-03-30 3406 3405 SL 7.000000000000 0 0 COMPUTER--HOWARD COMPUTERS 1999-07-26 1355 1355 SL 5.000000000000 0 0 TRANSCRIBE STATION 1999-08-27 2731 2731 SL 5.000000000000 0 0 GRANT MANAGEMENT SOFTWARE 2000-02-14 7800 7800 200DB 3.000000000000 0 0 CANON CFX-L4500 FAX MACHINE 2000-10-18 1065 1065 200DB 5.000000000000 0 0 SCANNER 2001-10-03 262 262 SL 5.000000000000 0 0 FLAT SCREEN MONITOR 2001-12-03 856 856 SL 5.000000000000 0 0 COMPUTER SYSTEM 2001-12-17 2554 2554 SL 5.000000000000 0 0 COMPUTER FOR MR. RAY'S OFFICE 2004-05-10 1043 1043 SL 5.000000000000 0 0 MONITOR, PRINTER AND SOFTWARE 2006-02-28 615 615 SL 5.000000000000 0 0 CANON COPIER 2006-03-20 10529 10529 SL 5.000000000000 0 0 LASER COLOR PRINTER 2006-03-23 641 641 SL 5.000000000000 0 0 COMPUTER 2007-02-21 1861 1861 200DB 5.000000000000 0 0 LG 26" LCD HD TV 2010-01-04 481 481 200DB 5.000000000000 0 0 CANNON UNIVERSAL SCANNER 2010-01-20 461 461 200DB 5.000000000000 0 0 COMPETER SYSTEM: GATEWAY TOWER, MONITOR, & SOFTWAR 2010-01-21 1113 1113 200DB 5.000000000000 0 0 SAMSUNG LCD MONITOR 2010-03-31 320 320 200DB 5.000000000000 0 0 HEWLETT PACKARD WORKSTATION WHARDWARE & SOFTWARE 2010-04-22 4093 4093 200DB 5.000000000000 0 0 COMPUTER SERVER, MONITOR, AND BACKUP SYSTEM 2012-11-20 6415 6412 SL 5.000000000000 0 0 COMPUTER 2013-06-06 1572 1572 200DB 5.000000000000 0 0 HP WORKSTATION, WRITER, & SOFTWARE 2013-12-10 1848 1848 200DB 5.000000000000 0 0 XEROX 8570 PRINTER 2015-01-28 1230 1230 200DB 7.000000000000 0 0 HP ELITEONE 800 ALL IN ONE 2016-08-19 2134 2134 200DB 5.000000000000 0 0 HP PRONE 400 G2 AIO 2016-08-19 1529 1529 200DB 5.000000000000 0 0 CANON COPIER 2017-01-17 11214 11214 SL 5.000000000000 0 0 SAMSUNG TV 2020-11-10 1462 622 SL 5.000000000000 280 0 KYOCERA COLOR PRINTER 2020-11-18 791 338 SL 5.000000000000 152 0 ML 350 GEN 10 SERVER 2022-04-13 12786 1812 SL 5.000000000000 2450 0 EDWARDS STREET MISSION PO BOX 17532 HATTIESBURG MS 39404 THE FOUNDATION DISTRIBUTED ALL OF ITS ASSETS IN 2023 WITH THE EXCEPTION OF THIS SINGLE GRANT, WHICH IS SCHEDULED TO BE PAID IN 2024 UPON RECEIPT OF THE 2023 TAX REFUND. 43978 STATEMENT EXPLAINING LIQUIDATION FORM 990-PF, PART VI-A, LINE 5 ASBURY FOUNDATION OF MISSISSIPPI, INC. ELECTED TO LIQUIDATE AND TERMINATE ITS 501(C)(3) PRIVATE FOUNDATION STATUS AND HAS LIQUIDATED ITS ASSETS AS EXPLAINED IN THE PDF ATTACHMENTS. ALL ASSETS WERE GIVEN AS GRANTS TO 501(C)(3) ORGANIZATIONS IN 2023 WITH A FINAL GRANT ACCRUED AND PAID TO A 501(C)(3) ORGANIZATION WITH FUNDS RETAINED FOR ANY RESIDUAL COSTS OR TAX LIABILITIES, OF WHCH THERE WERE NONE. THE BOARD OF DIRECTORS OF ASBURY FOUNDATION OF HATTIESBURG, INC., AT THEIR REGULAR MONTHLY MEETING ON JUNE 20, 2023, DECIDED TO BEGIN THE PROCESS OF CLOSING THE FOUNDATION AND LIQUIDATING ALL ASSETS BY YEAR-END OR AS ADMINISTRATIVELY FEASIBLE THEREAFTER. IN THIS PROCESS AND CONSISTENT WITH THEIR MISSION TO PROVIDE GRANTS WITH AN EMPHASIS ON FUNDING NON-PROFIT ORGANIZATIONS PROVIDING NURSING AND HEALTHCARE EDUCATION AND SUPPORT DID DISBURSE THE MAJORITY OF THEIR ASSETS BY YEAR-END. A RESERVE AMOUNT OF $10,218 WAS RETAINED TO COVER ANY UNEXPECTED EXPENSES INCLUDING ANY FEDERAL EXCISE TAX LIABILITY FOR THE YEAR 2023. IN FACT, AFTER COMPLETION OF THE 2023 IRS FORM 990-PF, A RESULTING OVERPAYMENT OF $33,760 WAS CALCULATED. THE CASH RESERVE ALONG WITH THIS REFUNDED PREPAYMENT OF TAXES IS SCHEDULED TO BE PAID TO THE EDWARDS STREET MISSION BY ORDER OF THE BOARD. LEGAL FEES 4729 0 4729 OFFICE SUPPLIES & EXPENSES 19376 3875 15501 INVESTMENT FEES 82674 82674 0 BANK CHARGES 164 0 164 POSTAGE AND SHIPPING 417 83 334 OTHER RECEIPTS 11269 11269 DECREASE IN GRANTS PAYABLE 1218911 CHANGE IN DEFERRED EXCISE TAXES 30862 DEFERRED TAX LIABILITY 30862 0 PAYROLL TAXES 22826 2283 20543 FOREIGN TAXES ON INVESTMENT INCOME 12501 12501 0 OTHER TAXES 103 0 0 FEDERAL TAX EXPENSE 28819 0 0