Community Foundation Of Northwest Mississippi Inc in Hernando, Mississippi (MS)

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Community Foundation Of Northwest Mississippi Inc
Employer Identification Number (EIN)943421724
Name of OrganizationCommunity Foundation Of Northwest Mississippi Inc
Address315 Losher St # 100, Hernando, MS 38632-2124
SubsectionCharitable Organization
Ruling Date06/2003
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$17,138,543
Amount of Income$5,254,656
Form 990 Revenue Amount$5,187,901
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations


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Amount of income in 2013: $5,254,656 (it was $6,439,122 in 2012)
This organization: 

 $5,254,656
Other organizations performing similar types of work: 

 $123,400

Assets in 2013: $17,138,543 (it was $13,774,906 in 2012)
Community Foundation Of Northwest Mississippi Inc: 

 $17,138,543
Other organizations performing similar types of work: 

 $188,019

Expenses in 2013: $3,005,725
This organization: 

 $3,005,725
Other organizations performing similar types of work: 

 $82,376

Income to expenses ratio in 2013: 1.7
This organization: 

 1.7
Other organizations performing similar types of work: 

 5.6

Number of employees in 2013: 9
This organization: 

 9
Other organizations performing similar types of work: 

 1

Employees paid over $100,000 in 2013: 11.1%
This organization: 

 11.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 81.9%
This organization: 

 81.9%
Other organizations performing similar types of work: 

 20.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?YesYes
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096323226
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return9119
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoYesNo
Has it filed a Form 990-T for this year?NoYesNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoYesYes
Did the organization notify the donor of the value of the goods or services provided?NoYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$123,323$132,358
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization11
Total number of independent contractors who received more than $100,000 of compensation from the organization10
Statement of Revenue
2010201120122013
Total revenue$2,497,978$4,073,292$5,548,199$5,187,901
Contributions, Gifts, Grants and Other Similar Amounts$2,089,857$3,764,519$4,970,594$4,249,796
Program Service Revenue$74,376$86,806$96,866$184,096
0$86,806$96,866$184,096
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$109,186$225,942$248,333$302,183
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$90,316$-119,552$57,986$318,067
Gross amount from sales of assets other than inventory (Securities / Other)$90,316 / $0$-119,552 / $0$51,560 / $800,000$318,067 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $793,574$0 / $0
Gain or (loss) (Securities / Other)$90,316 / $0$-119,552 / $0$51,560 / $6,426$318,067 / $0
Net income/loss from fundraising events$134,243$115,577$128,107$133,759
Gross income from fundraising events$213,498$195,766$225,456$200,514
Less: direct expenses$79,255$80,189$97,349$66,755
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$46,313$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$2,928,884$2,825,368$2,995,354$3,005,725
Grants and other assistance to domestic organizations and domestic governments$900,214$848,500$1,026,523
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$119,162$119,162$123,323$132,358
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$188,224$252,779$354,402$299,283
Pension plan accruals and contributions$0$0$0
Other employee benefits$41,526$46,337$47,100
Payroll taxes$23,112$28,522$42,178$37,163
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$0$0$0
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$736,082$748,774$492,478
Advertising and promotion$0$7,636$8,803
Office expenses$29,132$55,080$35,797
Information technology$0$0$0
Royalties$0$0$0
Occupancy$37,821$31,944$34,654
Travel$33,497$81,774$33,981
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$7,722$38,280$24,514
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$2,510$1,836$1,765
Insurance$4,870$7,529$5,779
Other expenses$593,521$580,122$787,589
Other expenses$12,498$7,456$9,500
Other expenses$7,637$7,290$8,778
Other expenses$6,999$4,525$8,543
Other expenses$0$0$11,117
Balance Sheet
2010201120122013
Total assets$10,029,475$11,588,363$13,774,906$17,138,543
Cash - non-interest-bearing$25$25$25
Savings and temporary cash investments$463,315$2,498,908$827,014
Pledges and grants receivable, net$4,075,285$4,654,254$6,054,976
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$12,239$12,503$10,738
Investments - publicly traded securities$6,290,238$6,609,216$10,245,790
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$747,261$0$0
Total liabilities$435,700$746,664$380,362$1,561,823
Accounts payable and accrued expenses$1,418$1,533$5,573
Grants payable$0$0$0
Deferred revenue$583,820$220,928$687,212
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$161,426$157,901$869,038
Total net assets or fund balances$9,593,775$10,841,699$13,394,544$15,576,720
Unrestricted net assets$9,932,010$12,484,855$9,299,267
Temporarily restricted net assets$909,689$909,689$6,277,453
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$10,343,971
Subtotal Support$12,270,668
Gifts, grants, contributions, and membership fees received$12,270,668
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$1,926,697
Total Support$13,248,431
Public Support$12,270,668
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$977,763
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Community Foundation Of Greater Jackson Inc525 E Capitol St Ste 5b, Jackson, MS 39201-2702MS1994-10$10,245,329
2The Taos Community Foundation IncPO BOX 1925, Taos, NM 87571-1925NM1998-12$4,057,729
3Community Foundation Of Northwest Mississippi Inc315 Losher St # 100, Hernando, MS 38632-2124MS2003-06$5,254,656
4The Greater Pinebelt Community Foundation1507 Hardy St Ste 208, Hattiesburg, MS 39401-4978MS1998-03$2,329,107
5Fred And Margaret Carl FoundationPO BOX 10270, Greenwood, MS 38930-0270MS2007-09$1,170,124
6Community Foundation Of Washington County Inc1604 S Main St, Greenville, MS 38701-7323MS2013-04$254,989
7West Point Community Foundation IncPO BOX 1216, West Point, MS 39773-1216MS1996-01$181,883
8United Givers Of Southwest Mississippi IncPO BOX 954, Mccomb, MS 39649-0954MS1997-12$123,400
9Grenada County Community Foundation81 S Church Street, Grenada, MS 38901MS2010-05$57,340
10Marketplace Capital25060 Highway 51, Crystal Spgs, MS 39059-9688MS2015-03$50,600
11Mary A Puglise-Gennaro Educational And Communities FoundationPO BOX 1376, Biloxi, MS 39533-1376MS2012-09$33,375
12Gautier Rotary Foundation Inc2005 Heron Ln, Gautier, MS 39553MS2011-06$29,043
13Kosciusko Attala Community Foundati101 North Natchez St, Kosciusko, MS 39090MS2000-11$25,438
14Carter Foundation4316 25th St, Meridian, MS 39307-5141MS2014-11$0
15Christian Women Of GodPo Box 575, Tunica, MS 38676MS2002-07$0
16Coopers Ferry TrustPo Box 487, Monticello, MS 39654MS1996-11$0
17Natchez Business And Civic League Foundation1044 Martin Luther King Dr, Natchez, MS 39120-2867MS2015-04$0
18Reunion Foundation105 Reunion Blvd, Madison, MS 39110MS2010-11$0
19We Care SocietyP O Box 275, Georgetown, MS 39078MS2008-09$0
20Ypop Ministries IncPO BOX 1944, Meridian, MS 39302-1944MS2002-05$0
Number of organizations performing similar types of work
Alaska10
Alabama42
Arkansas20
Arizona50
California335
Colorado77
Connecticut51
District of Columbia21
Delaware7
Florida144
Georgia79
Hawaii16
Iowa86
Idaho15
Illinois129
Indiana75
Kansas52
Kentucky26
Louisiana25
Massachusetts83
Maryland76
Maine16
Michigan126
Minnesota62
Missouri48
Mississippi28
Montana45
North Carolina78
North Dakota10
Nebraska44
New Hampshire13
New Jersey99
New Mexico20
Nevada22
New York174
Ohio132
Oklahoma33
Oregon58
Pennsylvania123
Rhode Island20
South Carolina36
South Dakota9
Tennessee37
Texas194
Utah27
Virginia70
Vermont13
Washington71
Wisconsin83
West Virginia22
Wyoming12
International7
Total3,151

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