Nonprofit · EIN 64-0902475
UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION
Tax-exempt · HATTIESBURG, MS 39406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 (amended) | $736,784 | $917,952 | -$181,168 | $1,167,553 | $11,778 | $1,155,775 |
| December 31, 2024 | 990 (amended) | $500,537 | $1,067,071 | -$566,534 | $1,590,033 | $253,088 | $1,336,945 |
| December 31, 2023 | 990 | $957,360 | $1,201,521 | -$244,161 | $2,164,801 | $177,660 | $1,987,141 |
| December 31, 2022 | 990 (amended) | $1,793,715 | $1,352,471 | $441,244 | $2,577,991 | $371,689 | $2,206,302 |
| December 31, 2021 | 990 (amended) | $786,993 | $614,335 | $172,658 | $2,203,827 | $438,769 | $1,765,058 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $105,161
- Program service revenue
- $610,622
- Investment income
- $334
- Other revenue
- $20,667
Expenses
- Grants and similar amounts paid
- $25,065
- Other salaries and wages
- $84,129
- Salaries, compensation and benefits (total)
- $105,161
- Professional fundraising fees
- $0
- Legal fees
- $4,526
- Accounting fees
- $22,150
- Occupancy
- $238,947
- Travel
- $950
- Depreciation
- $53,043
- Program services (functional)
- $672,312
- Management and general (functional)
- $245,640
Balance sheet and other
- Total assets, start of year
- $1,590,033
- Total assets, end of year
- $1,167,553
- Total liabilities, end of year
- $11,778
- Net assets, end of year
- $1,155,775
- Land, buildings and equipment
- $196,431
- Net assets without donor restrictions
- $837,905
- Net assets with donor restrictions
- $317,870
- Gross receipts
- $736,784
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1999
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DR KELLY LUCAS | EXECUTIVE DIRECTOR Key employee | 2 | $0 | $301,310 |
| JOHNNY ATHERTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE MILLER | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| JOHN FITZPATRICK MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLETTA BARNES EKUNWE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR GORDON CANNON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR J KENT NEWMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHAD DRISKELL | EX-OFFICIO Trustee or director | 0 | $0 | $0 |
| CHRISTINE PATE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DR KELLY LUCAS | EXECUTIVE DIRECTOR Key employee | 2 | $0 | $299,776 |
| JOHNNY ATHERTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE MILLER | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| JOHN FITZPATRICK MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FREDERICK E SOCK | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CARLETTA BARNES EKUNWE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR GORDON CANNON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR J KENT NEWMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHAD DRISKELL | EX-OFFICIO Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DR KELLY LUCUS | EXECUTIVE DIRECTOR Key employee | 2 | $0 | $289,729 |
| JOHNNY ATHERTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE MILLER | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| JOHN FITZPATRICK MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FREDERICK E SOCK | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CARLETTA BARNES EKUNEW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR GORDAN CANNON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHAD DRISKELL | EX-OFFICIO Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DR GORDAN CANNON | MEMBER Key employee | 2 | $0 | $334,972 |
| DR KELLY LUCUS | EXECUTIVE DIRECTOR Key employee | 2 | $0 | $252,557 |
| JOHNNY ATHERTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE MILLER | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| JOHN FITZPATRICK MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FREDERICK E SOCK | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CARLETTA BARNES EKUNEW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHAD DRISKELL | EX-OFFICIO Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2021: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| GORDAN CANNON | EXECUTIVE DIRECTOR Key employee | 2 | $0 | $285,385 |
| JOHNNY ATHERTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE MILLER | VICE PRESIDENT Trustee or director | 2 | $0 | $0 |
| JOHN FITZPATRICK MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FREDERICK E SOCK | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CARLETTA BARNES EKUNEW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KELLY LUCUS | EX OFFICIO EXECUTIVE DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHAD DRISKELL | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 118 COLLEGE DRIVE BOX 8959, HATTIESBURG, MS 39406-0002
- In care of
- % KELLY LUCAS
- Principal officer (990 for 2025)
- DR KELLY LUCAS, 118 COLLEGE DRIVE BOX 8959, HATTIESBURG, MS 39406
- Signed the 990
- DR KELLY LUCAS, EXEC DIRECTOR
- Phone
- (601) 266-5116
- Return prepared by
- PILTZ WILLIAMS LAROSA & CO
Mission
THE MISSION OF THE FOUNDATION IS TO OVERSEE THE ACQUISITION OF GIFTS, CONTRIBUTIONS AND GRANTS FOR SPONSORED RESEARCH FOR INDIVIDUALS, INDUSTRIES, PRIVATE ORGANIZATIONS AND GOVERNMENT AGENCIES AND TO ASSIST WITH TRANSFERRING TECHNOLOGY DEVELOPED THROUGH THE FOUNDATION.
Program accomplishments
- TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A PUBLIC INSTITUITION OF THE STATE OF MISSISSIPPI.Expenses $290,478 · grants $25,065 · revenue $175,498
- THROUGH USM - USM RESEACH FOUNDATION LAUNCHED GULF BLUE INITIATIVE ON THE MISSISSIPPI GULF COAST - CAPITALIZING ON THE COAST'S GEOGRAPHY AND MARITIME RESOURCES. GULF BLUE INITIATIVE IS STRATEGICALLY INVESTING IN MARITIME INFRASTRUCTURE TO ADVANCE TECHNOLOGY THROUGH INNOVATION CLUSTERS SUCH AS: UNCREWED MARITIME SYSTEMS, OCEAN - FRIENDLY PLASTICS, PRECISION AQUACULTURE, SMART PORTS, SEA-SPACE SYSTEMS AND COASTAL DATA.Expenses $341,334 · revenue $85,124
- TO SUPPORT ACQUACULTURE INNOVATIONExpenses $20,000 · revenue $200,000
- TO PROMOTE AND SUPPORT SMALL BUSINESS GROWTH IN THE COMMUNITYExpenses $20,500 · revenue $150,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0902475
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $1,167,553
- Income (IRS master file)
- $736,784
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $736,784 | $917,952 | $1,167,553 | XML |
| 990 | December 2024 | $500,537 | $1,067,071 | $1,590,033 | XML |
| 990 | December 2023 | $957,360 | $1,201,521 | $2,164,801 | XML |
| 990 | December 2022 | $1,793,715 | $1,352,471 | $2,577,991 | XML |
| 990 | December 2021 | $786,993 | $614,335 | $2,203,827 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 64-0902475).
Questions about UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION
- What is the EIN of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION is 64-0902475.
- Is UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH 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 UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 names DR KELLY LUCAS.
- Who are the officers and directors of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $736,784, expenses of $917,952 and total assets of $1,167,553 at year end.
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