CREATE FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CREATE FOUNDATION INC (EIN 23-7248582)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-04-22
IRS object ID: 201341129349300229
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 I
Schedule J
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-22T16:53:24-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NAIL MCKINNEY PROFESSIONAL ASSOCIATION	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 196	AddressLine1
City	TUPELO	City
State	MS	State
ZIP Code	388020196	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	237248582	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CREATE FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CREA	NameControl
Phone	6628448989	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1053	AddressLine1
City	TUPELO	City
State	MS	State
ZIP Code	38802	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MIKE CLAYBORNE	Name
Title	PRESIDENT	Title
Phone	6628448989	Phone
Date Signed	2013-04-18	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JAMES PEGUES CPA	Name
Phone	6628426475	Phone
Date Prepared	2013-04-18	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	11069902	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	CREATEFOUNDATION.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Activity Or Mission Description	NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	27	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	26	NbrIndependentVotingMembers
Total Nbr Employees	13	TotalNbrEmployees
Total Gross UBI	-23626	TotalGrossUBI
Net Unrelated Business Txbl Income	-23626	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	10396564	ContributionsGrantsPriorYear
Contributions Grants Current Year	9398300	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	13600	ProgramServiceRevenuePriorYear
Program Service Revenue CY	19377	ProgramServiceRevenueCY
Investment Income Prior Year	1396870	InvestmentIncomePriorYear
Investment Income Current Year	1615154	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-32056	OtherRevenuePriorYear
Other Revenue Current Year	-23626	OtherRevenueCurrentYear
Total Revenue Prior Year	11774978	TotalRevenuePriorYear
Total Revenue Current Year	11009205	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	4912874	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	4462511	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	870647	SalariesEtcPriorYear
Salaries Etc Current Year	806683	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	146761	TotalFundrsngExpCurrentYear
Other Expense Prior Year	806516	OtherExpensePriorYear
Other Expenses Current Year	635357	OtherExpensesCurrentYear
Total Expenses Prior Year	6590037	TotalExpensesPriorYear
Total Expenses Current Year	5904551	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	5184941	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	5104654	RevenuesLessExpensesCY
Total Assets BOY	56594874	TotalAssetsBOY
Total Assets EOY	65353647	TotalAssetsEOY
Total Liabilities BOY	104950	TotalLiabilitiesBOY
Total Liabilities EOY	66723	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	56489924	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	65286924	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	5334348	Expense
Grants	4462511	Grants
Description	CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Description	CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	5334348	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	true	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	60	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	13	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	27	NbrVotingGoverningBodyMembers
Number Independent Voting Members	26	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Own Website	X	OwnWebsite
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	CREATE FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6628448989	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1053	AddressLine1
Address Line2	213 WEST MAIN ST	AddressLine2
City	TUPELO	City
State	MS	State
ZIP Code	38802	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (30 entries)

TitleTitle	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer
CLAY FOSTER
DIRECTOR	40.00	X	0	244980	0
DR DAVID BECKLEY
DIRECTOR		X	0	0	0	1.00
GREG PIRKLE
DIRECTOR		X	0	0	0	1.00
MR CHIP CRANE
DIRECTOR		X	0	0	0	1.00
MR BILLY CREWS
DIRECTOR		X	0	0	0	1.00
ORMELLA CUMMINGS
DIRECTOR		X	0	0	0	1.00
MR KENNY DILL
DIRECTOR		X	0	0	0	1.00
MRS ROBIN MCCORMICK
DIRECTOR		X	0	0	0	1.00
MR HASSELL H FRANKLIN
DIRECTOR		X	0	0	0	1.00
CATHY ROBERTSON
DIRECTOR		X	0	0	0	1.00
JOHN CREEKMORE
DIRECTOR		X	0	0	0	1.00
MR MICKEY HOLLIMAN
DIRECTOR		X	0	0	0	1.00
DR GLORIA KELLUM
DIRECTOR		X	0	0	0	1.00
MR BOBBY P MARTIN
DIRECTOR		X	0	0	0	1.00
BETSEY HAMILTON
DIRECTOR		X	0	0	0	1.00
MR E ROBINSON MCGRAW
DIRECTOR		X	0	0	0	1.00
BUDDY R MONTGOMERY
DIRECTOR		X	0	0	0	1.00
MR AUBREY PATTERSON
DIRECTOR		X	0	0	0	1.00
DR MELVIN RAY
DIRECTOR		X	0	0	0	1.00
MR JACK REED SR
DIRECTOR		X	0	0	0	1.00
RONNY ROWLAND
DIRECTOR		X	0	0	0	1.00
MR DAVID P RUMBARGER
DIRECTOR		X	0	0	0	1.00
MR TOMMY TOMLINSON
VICE CHAIR		X	0	0	0	1.00
MR EDDIE PRATHER
SECRETARY		X	0	0	0	1.00
MR HL WILLIAMS JR
CHAIRMAN		X	0	0	0	1.00
OCTAVIOUS IVY
DIRECTOR		X	0	0	0	1.00
MICHAEL K CLAYBORNE
PRESIDENT			180480	0	17391	40.00	X
LEWIS WHITFIELD
SENIOR V.P.			111422	0	7977	40.00	X
C JUANITA FLOYD
V.P. OF FINA			72922	0	6822	40.00	X
BEVERLY WILLIAMS
DIRECTOR OF			52817	0	2349	40.00	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	417641	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	244980	TotalReportableCompFrmRltdOrgs
Total Other Compensation	34539	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Related Organizations	421463	RelatedOrganizations
All Other Contributions	8976837	AllOtherContributions
Noncash Contributions	485447	NoncashContributions
Total Contributions	9398300	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	ADMINISTRATIVE FEES	Description
Total Revenue Column	19377	TotalRevenueColumn
Exclusion	$19,377	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	19377	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1615154	TotalRevenueColumn
Exclusion	$1,615,154	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	37071	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	60697	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	-23626	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-23626	TotalRevenueColumn
Unrelated Business Revenue	-23626	UnrelatedBusinessRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	11009205	TotalRevenueColumn
Unrelated Business Revenue	-23626	UnrelatedBusinessRevenue
Exclusion	$1,634,531	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	4315605	Total
Program Services	4315605	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	146906	Total
Program Services	146906	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	490738	Total
Program Services	266099	ProgramServices
Management And General	138526	ManagementAndGeneral
Fundraising	86113	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	184676	Total
Program Services	151746	ProgramServices
Management And General	21800	ManagementAndGeneral
Fundraising	11130	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	40321	Total
Program Services	24945	ProgramServices
Management And General	9571	ManagementAndGeneral
Fundraising	5805	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	43136	Total
Program Services	26686	ProgramServices
Management And General	10239	ManagementAndGeneral
Fundraising	6211	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	47812	Total
Program Services	38510	ProgramServices
Management And General	5790	ManagementAndGeneral
Fundraising	3512	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12250	Total
Management And General	12250	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	124311	Total
Management And General	124311	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	66067	Total
Program Services	40873	ProgramServices
Management And General	15683	ManagementAndGeneral
Fundraising	9511	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	18517	Total
Management And General	18517	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	17711	Total
Program Services	2466	ProgramServices
Management And General	14670	ManagementAndGeneral
Fundraising	575	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	41505	Total
Program Services	32956	ProgramServices
Management And General	5321	ManagementAndGeneral
Fundraising	3228	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	28095	Total
Program Services	22623	ProgramServices
Management And General	5472	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	845	Total
Management And General	845	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	14625	Total
Management And General	14625	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	15393	Total
Program Services	3535	ProgramServices
Management And General	11036	ManagementAndGeneral
Fundraising	822	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
CONTRACTUAL SERVICES	192060	191014	651	395
EVALUATION	30000	30000
SUPPORT SERVICES	24570	24570
DIRECT FUNDRAISING COSTS	15779			15779

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	33629	Total
Program Services	15814	ProgramServices
Management And General	14135	ManagementAndGeneral
Fundraising	3680	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	5904551	Total
Program Services	5334348	ProgramServices
Management And General	423442	ManagementAndGeneral
Fundraising	146761	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2	BOY
EOY	1	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	889276	BOY
EOY	670944	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1454827	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	503649	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	984195	BOY
EOY	951178	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	32085447	BOY
EOY	40269073	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	22440171	BOY
EOY	23117496	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	195783	BOY
EOY	344955	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	56594874	BOY
EOY	65353647	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	104950	BOY
EOY	66723	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	104950	BOY
EOY	66723	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	22751650	BOY
EOY	23545640	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4811878	BOY
EOY	5061632	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	28926396	BOY
EOY	36679652	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	56489924	BOY
EOY	65286924	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	56594874	BOY
EOY	65353647	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	5104654	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	3015020	ReconciliationUnrealizedInvest
Reconcilation Other Changes	677326	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3448605	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	5332032	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7973275	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	5068885	CurrentTaxYearMinus1Year
Current Tax Year	4094245	CurrentTaxYear
Total	25917042	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3448605	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	5332032	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7973275	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	5068885	CurrentTaxYearMinus1Year
Current Tax Year	4094245	CurrentTaxYear
Total	25917042	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	1818043	AmountsSubstContributorsTotal
Public Support Total170	24098999	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1369757	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1124428	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1193918	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1396870	CurrentTaxYearMinus1Year
Current Tax Year	1615154	CurrentTaxYear
Total	6700127	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	15715	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	13600	CurrentTaxYearMinus1Year
Current Tax Year	19377	CurrentTaxYear
Total	48692	Total

Field	Value	IRS element (for citing)
Total Support	32665861	TotalSupport
Public Support Pertcentage170	0.73770	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.74440	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

Field	Value	IRS element (for citing)
Number DA Fs Held	149	NumberDAFsHeld
Number Funds Held	9	NumberFundsHeld
Donor Advised Contributions	1290825	DonorAdvisedContributions
Contrib To Funds And Other Accounts	12500	ContribToFundsAndOtherAccounts
Grants Paid From Donor Funds	967811	GrantsPaidFromDonorFunds
Grants Funds And Other Accounts	54076	GrantsFundsAndOtherAccounts
Aggregate DAF Value	980238	AggregateDAFValue
Aggregate Fund Value	98401	AggregateFundValue
Disclosed Orgs Legal Control	true	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	true	DisclosedForCharitablePurposes

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	28951489	BeginningOfYearBalance
Contributions	5614170	Contributions
Investment Earnings Or Losses	4163806	InvestmentEarningsOrLosses
Grants Or Scholarships	1039352	GrantsOrScholarships
Other Expenditures	982028	OtherExpenditures
End Of Year Balance	36708085	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	25607821	BeginningOfYearBalance
Contributions	5680887	Contributions
Investment Earnings Or Losses	-566480	InvestmentEarningsOrLosses
Grants Or Scholarships	715261	GrantsOrScholarships
Other Expenditures	1055478	OtherExpenditures
End Of Year Balance	28951489	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	17046532	BeginningOfYearBalance
Contributions	7231366	Contributions
Investment Earnings Or Losses	2964508	InvestmentEarningsOrLosses
Grants Or Scholarships	544079	GrantsOrScholarships
Other Expenditures	1090506	OtherExpenditures
End Of Year Balance	25607821	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	12866693	BeginningOfYearBalance
Contributions	1201145	Contributions
Investment Earnings Or Losses	3542086	InvestmentEarningsOrLosses
Grants Or Scholarships	191676	GrantsOrScholarships
Other Expenditures	371716	OtherExpenditures
End Of Year Balance	17046532	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	18308864	BeginningOfYearBalance
Contributions	723610	Contributions
Investment Earnings Or Losses	-5237764	InvestmentEarningsOrLosses
Grants Or Scholarships	643045	GrantsOrScholarships
Other Expenditures	284972	OtherExpenditures
End Of Year Balance	12866693	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.00090	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.99910	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	365525	OtherCostOrOtherBasis
Book Value	365525	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	891991	InvestmentCostOrOtherBasis
Depreciation	331439	Depreciation
Book Value	560552	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	197311	OtherCostOrOtherBasis
Depreciation	172210	Depreciation
Book Value	25101	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	951178	TotalOfBookValueLandBuildings

Closely Held Equity Interests CloselyHeldEquityInterests

Field	Value	IRS element (for citing)
Book Value	23117496	BookValue
Method Of Valuation	F	MethodOfValuation

Field	Value	IRS element (for citing)
Total Of Book Value Securities	23117496	TotalOfBookValueSecurities
Tot Revenue Etc Audited Fincl Stmt	14084922	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	3015020	NetUnrealizedGainsInvestments
Other Revenues	60697	OtherRevenues
Revenue Not Rptd F990	3075717	RevenueNotRptdF990
Revenue Subtotal	11009205	RevenueSubtotal
Total Revenue Per Form990	11009205	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	5965247	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	60696	OtherExpensesIncluded
Expenses Not Rptd F990	60696	ExpensesNotRptdF990
Expenses Subtotal	5904551	ExpensesSubtotal
Total Expenses Per Form990	5904551	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 2D	RENTAL EXPENSES NOT NETTED AGAINST RENTAL INCOME IN 0 FINANCIAL STATEMENTS 60,697 ROUNDING 0
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	RENTAL EXPENSES NOT NETTED AGAINST RENTAL INCOME IN 0 FINANCIAL STATEMENTS 60,697 ROUNDING -1

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (6 entries)

Amount Of Cash GrantAmountOfCashGrant
DONOR DIRECTED TO VARIOUS CHARITIES
967811
DESIGNATED TO VARIOUS CHARITIES
210003
DISBURSEMENTS FOR SPECIAL PROJECTS
1934127
ENDOWMENT FUND DISTRIBUTIONS
563094
PROGRAM SERVICE DISBURSEMENTS
570070
CREATE UNRESTRICTED GRANTS
70500

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	SCHOLARSHIPS	TypeOfGrant
Number Of Recipients	180	NumberOfRecipients
Amount Of Cash Grant	146906	AmountOfCashGrant

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

TitleTitle	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
CLAY FOSTER
DIRECTOR	244980	244980
MICHAEL K CLAYBORNE
PRESIDENT			180480	17391	197871

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	3	NumberOfContributions
Noncash Contribs Rptd F990	485447	NoncashContribsRptdF990

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE INFORMATION RETURN WAS PROVIDED TO THE ORGANIZATION'S PRESIDENT FOR REVIEW PRIOR TO SUBMISSION.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	WRITTEN CONFLICT OF INTEREST STATEMENTS ARE SUBMITTED TO THE EXECUTIVE DIRECTOR
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	SALARY SURVEY DONE BY COUNCIL ON FOUNDATIONS AND OTHER DOCUMENTATION ARE SUBMITTED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE PRIOR TO APPROVAL OF COMPENSATION ADJUSTMENTS FOR THE PRESIDENT
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	THE SAME SYSTEM UTILIZED FOR THE PRESIDENT'S COMPENSATION IS UTILIZED IN DEVELOPING COMPENSATION AMOUNTS FOR EXECUTIVE AND NON-EXECUTIVE STAFF.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	RENTAL EXPENSES NOT NETTED AGAINST RENTAL INCOME IN 0 FINANCIAL STATEMENTS 60,697 ROUNDING 0 RENTAL EXPENSES NOT NETTED AGAINST RENTAL INCOME IN 0 FINANCIAL STATEMENTS -60,697 ROUNDING 1
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	CHANGE IN EQUITY OF JOURNAL PUBLISHING CO. 677,325

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Business Name Line2NameOfDisregardedEntity/BusinessNameLine2	Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Business Name Line2DirectControllingEntityName/BusinessNameLine2	Controlled OrgControlledOrg	EINEIN
THE MIZE FOUNDATION
THE MIZE FOUNDATION	PO BOX 1053	TUPELO	MS	38802	SUPPORTING	MS	501C3	11C	BOARD	BOARD OF DIRECTORS	false
THE PIERCE FOUNDATION
THE BENJAMIN AND CORINNE PIERCE FOU	PO BOX 1053	TUPELO	MS	38802	SUPPORTING	MS	501C3	11C	BOARD	BOARD OF DIRECTORS	false	311742414

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	JOURNAL INC AND SUBSIDIARIES	BusinessNameLine1
Business Name Line2	JOURNAL INC AND SUBSIDIARIES	BusinessNameLine2

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 909	AddressLine1
Address Line2	PO BOX 909	AddressLine2
City	TUPELO	City
State	MS	State
ZIP Code	38802	ZIPCode

Field	Value	IRS element (for citing)
EIN	640183970	EIN
Primary Activity	NEWSPAPER	PrimaryActivity
Legal Domicile State	MS	LegalDomicileState
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg