Public Charity

METHODIST FOUNDATION OF MISSISSIPPI INC

Based in RIDGELAND, MS, METHODIST FOUNDATION OF MISSISSIPPI INC operates as a Public Charity. The organization reported $5.1M in revenue, $7.2M in expenses, $169.5M in total assets for fiscal year 2024. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $247K.

EIN: 640507167 RIDGELAND, MS Fund Raising & Fund Distribution NTEE: X12 Latest filing: 2024
Total Revenue$5.1M
Total Expenses$7.2M
Total Assets$169.5M
Grant Records3
Funding Total$247K
Filing Years2019–2024

Mission

THE FOUNDATION EXISTS TO CULTIVATE AND ADMINISTER CURRENT AND DEFERRED GIFTS FOR THE BENEFIT OF MS UNITED METHODIST RELATED INSTITUTIONS, AGENCIES, LOCAL CHURCHES, AND OTHER MINISTRIES FOR CHARITABLE PURPOSES AND SUPPORT AND TO EDUCATE THESE INSTITUTIONS IN CREATING A CULTURE OF GENEROSITY AND SOUND FINANCIAL PRACTICES.

Where $100 goes at Methodist Foundation of Mississippi Inc

How Methodist Foundation of Mississippi Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$88 Programs the work itself
$12 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $88 for programs

$68
The Methodist Foundation of Mississippi provided investment management services for churches and methodist affiliates
77% of program spending · Reported in the filing: 450 churches
$17
The Methodist Foundation of Mississippi distributed funds to various churches and nonprofits to further their exempt purpose
19% of program spending
$3
The Methodist Foundation of Mississippi awarded 132 scholarship awards totaling $239,225
4% of program spending · Reported in the filing: 132 awards
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Ben Walton
TREASURER Billie Spraberry
DIRECTOR Brent Wilson
DIRECTOR Charles Leggett Jr
PRESIDENT Chris Boone
DIRECTOR Dan Gibson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$102,000 2 grants
Unspecified
$145,259 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.1M $7.2M $169.5M
2023 $1.7M $5.6M $148.7M
2022 $6.3M $3.0M $134.6M
2020 $-3.4M $2.4M $136.6M
2019 $7.0M $3.6M $119.6M

Between 2019 and 2024, reported annual revenue declined from $7.0M to $5.1M (-27%), with total assets most recently reported at $169.5M.

Interactive year-over-year charts and full filing details available with membership.

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