GULFPORT, MS
Mississippi Power Foundation Inc.
Quick Facts
- EIN
- 721370746
- Location
- GULFPORT, MS
- Category
- Philanthropy & Grantmaking
- Total Assets
- $46.3M
- Annual Income
- $24.2M
- IRS Ruling Year
- 1998
- Organization Type
- Corporation
- Principal Officer
- % Rebecca Montgomery
- Tax Deductibility
- Contributions are deductible
About This Foundation
Mississippi Power Foundation Inc. is a private corporation based in GULFPORT, MS. The foundation received its IRS ruling in 1998. The principal officer is % Rebecca Montgomery. It holds total assets of $46.3M. Annual income is reported at $24.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$2.8M
2023+60%
Total Assets
$41.5M
2023+14%
Fair Market Value
$41.5M
2023
Net Worth
$41.4M
2023
Grants Paid
$2.1M
2023
Contributions
$4M
2023
Net Investment Income
$922K
2023
Distribution Amount
$2M
2023
Total Giving by Year
$2M
15$1.6M
19$1.6M
20$1.8M
21$1.7M
22$2.8M
23Asset Growth
$16.2M
15$32.9M
19$33.7M
20$44.1M
21$36.4M
22$41.5M
23Investment Portfolio (2023)
Total: $11.1M
Corporate Stock: $104K
Corporate Bonds: $4.8M
Government Obligations: $6.2M
Other Investments: $24.9M
Cash: $132K
Corporate Stock (0%)
Corporate Bonds (13%)
Government Obligations (17%)
Other Investments (69%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$2.1M
Officer Compensation$233K
Accounting Fees$22K
Revenue Sources (2023)
- Contributions
- $4M
- Dividends
- $1.1M
- Other Income
- $20
- Capital Gains (Net)
- $-864,136
Financial Details (2023)
- Total Revenue
- $4.3M
- Total Expenses
- $2.8M
- Exempt Purpose Expenses
- $2.5M
- Required Distribution
- $2M
- Undistributed Income
- $0
- Total Liabilities
- $55K
- Excise Tax
- $13K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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