Nonprofit · EIN 64-0602140
M B SWAYZE EDUCATIONAL FOUNDATION
Tax-exempt · JACKSON, MS 39225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $416,072 | $408,442 | $7,630 | $188,391 | $2,296,295 | -$2,107,904 |
| April 30, 2024 | 990 | $437,794 | $440,032 | -$2,238 | $239,400 | $2,354,934 | -$2,115,534 |
| April 30, 2023 | 990 | $433,738 | $649,013 | -$215,275 | $196,686 | $2,309,982 | -$2,113,296 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $258,000
- Program service revenue
- $157,643
- Investment income
- $429
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $16,667
- Other salaries and wages
- $6,756
- Salaries, compensation and benefits (total)
- $25,527
- Professional fundraising fees
- $0
- Accounting fees
- $10,853
- Occupancy
- $4,363
- Program services (functional)
- $387,914
- Management and general (functional)
- $14,966
- Fundraising (functional)
- $5,562
Balance sheet and other
- Total assets, start of year
- $239,400
- Total assets, end of year
- $188,391
- Total liabilities, end of year
- $2,296,295
- Net assets, end of year
- -$2,107,904
- Net assets without donor restrictions
- -$2,236,476
- Net assets with donor restrictions
- $128,572
- Gross receipts
- $416,072
- Employees
- 0
- Year formed
- 1979
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN S WALLER | PRESIDENT & Officer | 2 | $15,478 | $294,082 | $30,716 |
| DANIELLE WILLIAMS | DIRECTOR OF Highest-paid employee | 2 | $5,639 | $107,140 | $15,396 |
| CHRIS ANDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTA BISHOP | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JEROME BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS CHAMPION | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SURESH CHANLA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MATTHEW DAVIDSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SAM DEAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVE DENNIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM JACOBS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GIFFORD ORMIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VICTOR TAYLOR | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LEA TURNIPSEED | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| REBECCA LEE WIGGS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHEA WILLIAMS-BISHOP | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| MAX YATES | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended April 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN S WALLER | PRESIDENT & Officer | 2 | $16,338 | $310,425 | $31,098 |
| CATHY NORTHINGTON | COO Highest-paid employee | 20 | $96,311 | $96,311 | $22,397 |
| CHRIS ANDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTA BISHOP | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JEROME BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS CHAMPION | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVE DENNIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DUANE DEWEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM JACOBS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANDREW MALLINSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID SLIGER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LEA TURNIPSEED | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| REBECCA LEE WIGGS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RHEA WILLIAMS-BISHOP | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MAX YATES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended April 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN S WALLER | PRESIDENT & Officer | 2 | $14,864 | $282,420 | $29,336 |
| CATHY NORTHINGTON | COO Highest-paid employee | 20 | $91,144 | $91,145 | $20,925 |
| VICKIE POWELL | SR. VP Highest-paid employee | – | $53,823 | $125,588 | $20,607 |
| CHRIS ANDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DR JACQUELINE BEASLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRISTA BISHOP | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JEROME BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS CHAMPION | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVE DENNIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN HAIRSTON | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ALAN HARGETT | DIRTECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM JACOBS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BARRY MOSS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| AARON SISK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVID SLIGER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LEA TURNIPSEED | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| REBECCA LEE WIGGS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RHEA WILLIAMS-BISHOP | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MAX YATES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23276, JACKSON, MS 39225-3276
- Principal officer (990 for 2024)
- JOHN S WALLER, PO BOX 23276, JACKSON, MS 392253276
- Signed the 990
- JOHN S WALLER, PRESIDENT & CEO
- Phone
- (601) 969-0022
- Website
- WWW.MSMEC.COM
- Return prepared by
- CORBIN & BIGGS PLLC
Mission
TO ENCOURAGE SUPPORT FOR QUALITY EDUCATION IN MISSISSIPPI; TO IDENTIFY, EDUCATE, AND MOTIVATE LEADERS WHO CAN MAKE A SIGNIFICANT CONTRIBUTION TO THE DEVELOPMENT OF MISSISSIPPI; AND TO CONDUCT INDEPENDENT PUBLIC POLICY RESEARCH ON ISSUES SUCH AS TAXATION , ECONOMIC DEVELOPMENT, COMPETITIVENESS, EDUCATION, GOVERNMENTAL ACCOUNTABILITY , AND OTHER MATTERS.
Program accomplishments
- PUBLIC POLICY RESEARCH- ONE OF THE ORGANIZATION'S MISSIONS IS TO CONDUCT INDEPRENDENT PUBLIC POLICY RESEARCH ON ISSUES RELATED TO ECONOMIC DEVELOPMENT. DURING THE CURRENT YEAR, THE FOCUS WAS ON THE ESTABLISHMENT OF A SINGLE, NON-PROFIT ORGANIZATION TO FOCUS ON THE NEEDS OF MISSISSIPPI BUSINESSES AND ECONOMIC DEVELOPMENT.Expenses $131,756 · revenue $150,000
- LEADERSHIP MISSISSIPPI-TRAINING OF BUSINESS LEADERS FOR FUTURE SERVICE TO MISSISSIPPI.Expenses $256,158 · revenue $157,643
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 64-0602140
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $188,391
- Income (IRS master file)
- $416,072
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $416,072 | $408,442 | $188,391 | XML |
| 990 | April 2024 | $437,794 | $440,032 | $239,400 | XML |
| 990 | April 2023 | $433,738 | $649,013 | $196,686 | XML |
| 990 | April 2022 | $215,315 | $449,516 | $269,849 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 64-0602140).
Questions about M B SWAYZE EDUCATIONAL FOUNDATION
- What is the EIN of M B SWAYZE EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of M B SWAYZE EDUCATIONAL FOUNDATION is 64-0602140.
- Is M B SWAYZE EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to M B SWAYZE EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does M B SWAYZE EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of M B SWAYZE EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did M B SWAYZE EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of M B SWAYZE EDUCATIONAL FOUNDATION?
- The 990 for the year ended April 30, 2025 names JOHN S WALLER.
- Who are the officers and directors of M B SWAYZE EDUCATIONAL FOUNDATION?
- The 990 for the year ended April 30, 2025 lists 17 people; 2 received compensation from the organization, the highest $15,478 (JOHN S WALLER, PRESIDENT &).
- How much revenue does M B SWAYZE EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $416,072, expenses of $408,442 and total assets of $188,391 at year end.
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