UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION (EIN 64-0929171)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-13
- IRS object ID
- 201420449349301587
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-13T14:28:29-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201941244 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HORNE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1020 HIGHLAND COLONY PKWY STE 400 | AddressLine1 |
| City | RIDGELAND | City |
| State | MS | State |
| ZIP Code | 39157 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640929171 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MISSISSIPPI | BusinessNameLine1 |
| Business Name Line2 | ATHLETIC FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6012665017 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5017 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTI HOLLOWAY | Name |
| Title | CFO | Title |
| Phone | 6012665017 | Phone |
| Date Signed | 2014-01-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARSHA H DIECKMAN CPA | Name |
| PTIN | P00246741 | PTIN |
| Phone | 6013261000 | Phone |
| Date Prepared | 2014-01-22 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CHRISTI HOLLOWAY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5017 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11284592 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 31 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6508806 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8842444 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 177194 | InvestmentIncomePriorYear |
| Investment Income Current Year | 320358 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -123994 | OtherRevenuePriorYear |
| Other Revenue Current Year | -55409 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6562006 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9107393 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4303788 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4811430 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 409474 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 386082 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 235167 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1336604 | OtherExpensePriorYear |
| Other Expenses Current Year | 1758150 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6049866 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6955662 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 512140 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2151731 | RevenuesLessExpensesCY |
| Total Assets BOY | 11554792 | TotalAssetsBOY |
| Total Assets EOY | 13149271 | TotalAssetsEOY |
| Total Liabilities BOY | 10031506 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9186864 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1523286 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3962407 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6535093 | Expense |
| Grants | 4811430 | Grants |
| Revenue | 168671 | Revenue |
| Description | ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES. | Description |
| Total Program Service Expense | 6535093 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 31 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTI HOLLOWAY CPACFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6012665034 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2907 WEST FOURTH STREET | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39401 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RICHARD JOHNSTON | ||||||
| PRESIDENT | 0.50 | X | X | 0 | 0 | 0 |
| AL GORDY | ||||||
| VICE PRESIDENT/PRESIDENT ELECT | 0.50 | X | X | 0 | 0 | 0 |
| MACK GRUBBS | ||||||
| SECRETARY | 0.50 | X | X | 0 | 0 | 0 |
| GRANT DYESS | ||||||
| TREASURER | 0.50 | X | X | 0 | 0 | 0 |
| JEFF HAMMOND | ||||||
| CEO | 40.00 | X | X | 0 | 161634 | 25238 |
| DR GERRY FLETCHER | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| FORREST ROBERTS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| CHARLIE ROGERS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DICK SIMMONS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| LEIGH BREAL | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DR MIKE MOLLESTON | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DR CATHY SESSUMS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| CLARENCE WEATHERSPOON | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| BILLY HEWES | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| MISSY MCGEE | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| RON SAVELL | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JIM WARREN | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JEFF BOWMAN | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| TOMMY DUFF | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| KEVIN GIDDIS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| MIKE MARSHALL | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JOHN POLK | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| SPENCER ADAMS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| KRANDALL HOWELL | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| ROBERT C DEWS | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| MICKEY HUDSON | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| AUBREY COLLUM | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| MIKE LANDRUM | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DR WAYNE ADKISON | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| NICK WELCH | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| VIC ROBERTS | ||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |
| CHRISTI HOLLOWAY | ||||||
| CFO | 40.00 | X | 0 | 77430 | 16240 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 239064 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 41478 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 159632 | FundraisingEvents |
| Related Organizations | 392695 | RelatedOrganizations |
| All Other Contributions | 8290117 | AllOtherContributions |
| Noncash Contributions | 273587 | NoncashContributions |
| Total Contributions | 8842444 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 151687 | TotalRevenueColumn |
| Exclusion | $151,687 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2290461 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2121790 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 168671 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 168671 | TotalRevenueColumn |
| Related Or Exempt Function Income | 168671 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 0 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 159632 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 55409 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -55409 | TotalRevenueColumn |
| Exclusion | -$55,409 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9107393 | TotalRevenueColumn |
| Related Or Exempt Function Income | 168671 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $96,278 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2743448 | Total |
| Program Services | 2743448 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2067982 | Total |
| Program Services | 2067982 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 386082 | Total |
| Management And General | 150915 | ManagementAndGeneral |
| Fundraising | 235167 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33322 | Total |
| Program Services | 33322 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13000 | Total |
| Management And General | 13000 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19075 | Total |
| Program Services | 19075 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94057 | Total |
| Program Services | 94057 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49400 | Total |
| Program Services | 49400 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 104037 | Total |
| Program Services | 102215 | ProgramServices |
| Management And General | 1822 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20398 | Total |
| Program Services | 19758 | ProgramServices |
| Management And General | 640 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 221324 | Total |
| Program Services | 219671 | ProgramServices |
| Management And General | 1653 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 456502 | Total |
| Program Services | 456502 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6602 | Total |
| Management And General | 6602 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9576 | Total |
| Program Services | 1168 | ProgramServices |
| Management And General | 8408 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| BAD DEBT EXPENSE | 350025 | 350025 | |
| REPAIRS & MAINT. | 141548 | 141242 | 306 |
| DONOR RELATIONS | 54315 | 54315 | |
| TELEPHONE | 53976 | 53976 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130993 | Total |
| Program Services | 128937 | ProgramServices |
| Management And General | 2056 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6955662 | Total |
| Program Services | 6535093 | ProgramServices |
| Management And General | 185402 | ManagementAndGeneral |
| Fundraising | 235167 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2384576 | BOY |
| EOY | 3169544 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382031 | BOY |
| EOY | 341410 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3335558 | BOY |
| EOY | 4060168 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 433813 | BOY |
| EOY | 390083 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76037 | BOY |
| EOY | 69435 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4942777 | BOY |
| EOY | 5083065 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 35566 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11554792 | BOY |
| EOY | 13149271 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 286592 | BOY |
| EOY | 290768 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3580036 | BOY |
| EOY | 3351800 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5472668 | BOY |
| EOY | 5075166 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 692210 | BOY |
| EOY | 469130 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10031506 | BOY |
| EOY | 9186864 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -6481127 | BOY |
| EOY | -5865299 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3821198 | BOY |
| EOY | 5426631 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4183215 | BOY |
| EOY | 4401075 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1523286 | BOY |
| EOY | 3962407 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11554792 | BOY |
| EOY | 13149271 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2151731 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 78041 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 209349 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5057938 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5366815 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6109923 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6257153 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8568857 | CurrentTaxYear |
| Total | 31360686 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5057938 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5366815 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6109923 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6257153 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8568857 | CurrentTaxYear |
| Total | 31360686 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 31360686 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 180637 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 180797 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 152782 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 140810 | CurrentTaxYearMinus1Year |
| Current Tax Year | 151687 | CurrentTaxYear |
| Total | 806713 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 32167399 | TotalSupport |
| Public Support Pertcentage170 | 0.97490 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.97120 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4478712 | BeginningOfYearBalance |
| Contributions | 221147 | Contributions |
| Investment Earnings Or Losses | 368881 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 63920 | GrantsOrScholarships |
| Other Expenditures | 3287 | OtherExpenditures |
| Administrative Expenses | 19075 | AdministrativeExpenses |
| End Of Year Balance | 4982458 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4171249 | BeginningOfYearBalance |
| Contributions | 314797 | Contributions |
| Investment Earnings Or Losses | 64383 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 52642 | GrantsOrScholarships |
| Other Expenditures | 363 | OtherExpenditures |
| Administrative Expenses | 18712 | AdministrativeExpenses |
| End Of Year Balance | 4478712 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3740015 | BeginningOfYearBalance |
| Contributions | 55588 | Contributions |
| Investment Earnings Or Losses | 464175 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 51367 | GrantsOrScholarships |
| Other Expenditures | 18980 | OtherExpenditures |
| Administrative Expenses | 18182 | AdministrativeExpenses |
| End Of Year Balance | 4171249 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3394599 | BeginningOfYearBalance |
| Contributions | 219059 | Contributions |
| Investment Earnings Or Losses | 166346 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 39989 | GrantsOrScholarships |
| End Of Year Balance | 3740015 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.88330 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.11670 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP | Description |
| Amount | $469,130 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 469130 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 9227113 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 78041 | NetUnrealizedGainsInvestments |
| Other Revenues | 41679 | OtherRevenues |
| Revenue Not Rptd F990 | 119720 | RevenueNotRptdF990 |
| Revenue Subtotal | 9107393 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 9107393 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7011071 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 55409 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 55409 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6955662 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6955662 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE EARNINGS ARE USED TO PROVIDE ATHLETIC SCHOLARSHIPS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE ATHLETIC FOUNDATION EVALUATES TAX POSITIONS TAKEN IN ACCORDANCE WITH FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109, AS CODIFIED IN ASC TOPIC 740. THE ATHLETIC FOUNDATION HAD NO SIGNIFICANT UNCERTAIN TAX POSITIONS AT JUNE 30, 2013 OR 2012. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2009 REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE ATHLETIC FOUNDATION IS SUBJECT. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -13,730. FUNDRAISING EXPENSES INCLUDED IN INCOME 55,409. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES INCLUDED IN INCOME 55,409. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BASEBALL GOLF FUNDRAISER | NameOfEvent1 |
| Gross Receipts Event1 | 58578 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 58578 | CharitableContributionsEvent1 |
| Other Direct Expenses Event1 | 11005 | OtherDirectExpensesEvent1 |
| Name Of Event2 | MEN'S GOLF TEAM FUNDRAISER | NameOfEvent2 |
| Gross Receipts Event2 | 36500 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 36500 | CharitableContributionsEvent2 |
| Other Direct Expenses Event2 | 16644 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 64554 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 64554 | CharitableContribOtherEvents |
| Other Direct Expenses Other Events | 27760 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 159632 | GrossReceiptsTotal |
| Charitable Contributions Total | 159632 | CharitableContributionsTotal |
| Other Direct Expenses Total Events | 55409 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 55409 | DirectExpenseSummaryEvents |
| Net Income Summary | -55409 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MISSISSIPPI | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 390460001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 646000818 | EINOfRecipient |
| IRC Section | GOVT | IRCSection |
| Amount Of Cash Grant | 2743448 | AmountOfCashGrant |
| Purpose Of Grant | AFFILIATE SUPPORT | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS FOR STUDENT ATHLETES AT UNIVERSITY OF SOUTHERN MISSISSIPPI | TypeOfGrant |
| Number Of Recipients | 280 | NumberOfRecipients |
| Amount Of Cash Grant | 2067982 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS ARE GIVEN IN THE FORM OF ATHLETIC SCHOLARSHIPS AND FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND ITS ATHLETES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JEFF HAMMOND | NamePerson |
| Title | CEO | Title |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 160935 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 699 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 22342 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 2896 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 186872 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MS BUSINESS FINANCE CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 640679130 | IssuerEIN |
| Date Issued | 2009-12-18 | DateIssued |
| Issue Price | 4000000 | IssuePrice |
| Description Of Purpose | PAY OFF AN EXISTING NOTE PAYBLE, USED TO UPGRADE ATHLETIC FACILITIES AT USM | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 4000000 | TotalProceeds |
| Refunding Escrow | 3077718 | RefundingEscrow |
| Issuance Costs From Proceeds | 80000 | IssuanceCostsFromProceeds |
| Capital Expenditures | 842282 | CapitalExpenditures |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 1 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANCORPSOUTH BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | IN KIND CONTRIBUTION OF LABOR/SERVICES | Description |
| Number Of Contributions | 57 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 273587 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE OF SERVICES PROVIDED | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO FILING, THE FORM 990 IS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER AND THE INDEPENDENT AUDITOR. IN ADDITION, A PRELIMINARY DRAFT OF THE FORM 990 IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT OF THE BOARD OF DIRECTORS AND EACH MEMBER OF THE FINANCE COMITTEE FOR HIS, OR HER, DETAILED REVIEW. BEFORE FILING, A DRAFT OF THE 990 IS ALSO PROVIDED TO EACH EXECUTIVE COMMITTEE MEMBER OF THE BOARD OF DIRECTORS FOR HIS, OR HER REVIEW. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, EACH DIRECTOR AND OFFICER IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. THEY ARE ASKED TO REVIEW THE POLICY IN DETAIL. EACH DIRECTOR AND OFFICER MUST ACKNOWLEDGE THEIR UNDERSTANDING OF AND COMPLIANCE WITH THE POLICY BY SIGNING A STATEMENT WHICH STATES THIS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE INSTITUTE FOR HIGHER LEARNING (IHL) REVIEWS AND APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER (CEO). THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND THE CEO REVIEW AND APPROVE THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON-LINE AT WWW.SOUTHERNMISS.COM. | |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -13,730. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 223,079. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | PROCESS HAS NOT CHANGED FROM PRIOR YEAR. | INDEPENDENT ACCOUNTANT SELECTION AND MONITORING |
| SCHEDULE M- | USM ATHLETIC FOUNDATION HAS A POLICY THAT ALL NON-STANDARD CONTRIBUTIONS ARE REVIEWED PRIOR TO ACCEPTANCE. ADDITIONALLY, THERE IS A FORMAL WRITTEN POLICY FOR REAL ESTATE CONTRIBUTIONS. | NON-STANDARD CONTRIBUTIONS |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MISSISSIPPI | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 394060001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 646000818 | EIN |
| Primary Activities | PUBLIC UNIVERSITY | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 170(B)(1)(A) (IV) | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
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