Nonprofit · EIN 64-0932080
MONTGOMERY INSTITUTE
Tax-exempt · MERIDIAN, MS 39302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $468,188 | $245,080 | $223,108 | $2,446,368 | $0 | $2,446,368 |
| August 31, 2024 | 990 | $402,323 | $203,815 | $198,508 | $2,240,705 | $17,443 | $2,223,262 |
| August 31, 2023 | 990 | $271,637 | $259,301 | $12,336 | $2,046,133 | $21,379 | $2,024,754 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $224,995
- of which government grants
- $179,970
- Program service revenue
- $0
- Investment income
- $243,193
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $170,149
- Salaries, compensation and benefits (total)
- $182,910
- Professional fundraising fees
- $0
- Accounting fees
- $8,400
- Occupancy
- $6,075
- Travel
- $6,225
- Depreciation
- $251
- Program services (functional)
- $200,301
- Management and general (functional)
- $44,434
- Fundraising (functional)
- $345
Balance sheet and other
- Total assets, start of year
- $2,240,705
- Total assets, end of year
- $2,446,368
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,446,368
- Land, buildings and equipment
- $1,945
- Publicly traded securities
- $2,196,431
- Net assets without donor restrictions
- $1,032,238
- Net assets with donor restrictions
- $1,414,130
- Gross receipts
- $468,188
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2001
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DUDLEY | DIRECTOR Trustee or director | 2 | $0 |
| SORAYA WELDON | DIRECTOR Trustee or director | 2 | $0 |
| LLOYD GRAY | DIRECTOR Trustee or director | 2 | $0 |
| TRACY ALFORD | DIRECTOR Trustee or director | 2 | $0 |
| MICHELE THAMES | DIRECTOR Trustee or director | 2 | $0 |
| CD SMITH | CHAIRMAN Officer | 2 | $0 |
| BRAD HUFF | TREASURER Officer | 2 | $0 |
990 for the year ended August 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY KNOX | PRESIDENT Officer | 30 | $52,000 |
| MICHAEL DUDLEY | ASSISTANT TREASURER Trustee or director | 2 | $0 |
| SORAYA WELDON | DIRECTOR Trustee or director | 2 | $0 |
| LLOYD GRAY | DIRECTOR Trustee or director | 2 | $0 |
| TRACY ALFORD | DIRECTOR Trustee or director | 2 | $0 |
| CD SMITH | CHAIRMAN Officer | 2 | $0 |
| BRAD HUFF | TREASURER/SECRETARY Officer | 2 | $0 |
990 for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY J KNOX | PRESIDENT Officer | 30 | $52,000 |
| MICHAEL DUDLEY | DIRECTOR Trustee or director | 2 | $0 |
| SORAYA WELDON | DIRECTOR Trustee or director | 2 | $0 |
| ARCHIE MCDONNELL | DIRECTOR Trustee or director | 2 | $0 |
| TRACY ALFORD | DIRECTOR Trustee or director | 2 | $0 |
| CD SMITH | CHAIRMAN Officer | 2 | $0 |
| BRAD HUFF | TREASURER/SECRETARY Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1889, MERIDIAN, MS 39302-1889
- In care of
- % THE MONTGOMERY INSTITUTE
- Principal officer (990 for 2024)
- BEVERLY J KNOX, PO BOX 1889, MERIDIAN, MS 39302
- Signed the 990
- BEVERLY J KNOX, PRESIDENT
- Phone
- (601) 483-2661
- Website
- https://tmi.ms/
- Return prepared by
- REA SHAW GIFFIN & STUART LLP
Mission
THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED FOR THE FOLLOWING EXCLUSIVELY CHARITABLE, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (REFERRED TO IN THESE ARTICLES OF INCORPORATION AS THE "CODE"): TO EDUCATE, TRAIN, AND INFORM CITIZEN LEADERS WHO WILL THEN BE ABLE TO INSTIGATE, NURTURE, PROMOTE, COORDINATE, AND ASSIST IN THE FORMATION, DIRECTION, AND EXECUTION OF UNDERTAKINGS LEADING TO THE UPBUILDING OF COMMUNITIES IN THE EASTERN PORTION OF MISSISSIPPI AND WESTERN PORTION OF ALABAMA, WITH EMPHASIS ON ACTIVITIES THAT REVITALIZE OR STABILIZE LOW- OR MODERATE-INCOME GEOGRAPHIES AND DISTRESSED OR UNDERSERVED NONMETROPOLITAN MIDDLE-INCOME GEOGRAPHIES DESIGNATED BY THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, FEDERAL DEPOSIT INSURANCE CORPORATION, AND OFFICE OF THE COMPTROLLER OF THE CURRENCY. IN ACCORDANCE WITH THIS PURPOSE, T
Program accomplishments
- A) Strategic thinking and analysis services to area community organizations for pursuit of innovative programs and resources for improved overall healthcare; B) coordinated research and planning sessions among health care providers and community leaders to operate the Community Health Improvement Network, a HRSA designated rural health network. C) Information Dissemination: the Community Health Improvement Network, created brochures disseminating public health information dispelling myths about the COVID-19 vaccine to spread vaccine confidence in Lauderdale, Neshoba, & Kemper counties. The Montgomery Institute continued as the sponsor of the Kemper, Neshoba, and Noxubee Counties tobacco-free coalition program that disseminates anti-tobacco information to students in three counties of East Mississippi. TMI maintains its www.tmi.ms website to provide information to citizens and community leaders in the bi-state region. D) Resource Gathering: During this fiscal year, The Montgomery Institute received grants and contributions supporting initiatives that addressed leadership and workforce development, strategic thinking and analysis, and information dissemination: 1) private foundation and business and individual gifts supporting the Meridian Freedom Project; and 2) public funds supporting the Kemper, Neshoba, and Noxubee Counties tobacco-free coalition program. TMI also maintained its endowment. TMI received contributions from individuals and businesses to be used as matching funds for grants and to support operations. 3) The Community Health Improvement Network used data gathered from Community Needs Assessments from local hospitals to support community health education through Lunch & Learn events for the underserved and underprivileged population. E) Activities that revitalize or stabilize low- or moderate-income people or geographies in the region: Through the Meridian Freedom Project TMI provided services to low-to-moderate income students from public and private schools in Lauderdale county; TMI also provided support services for the Community Health Improvement Network, a charitable organization created to improve health care outcomes for the low-income, underserved population in Lauderdale County.Expenses $200,301
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 64-0932080
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $2,446,368
- Income (IRS master file)
- $468,188
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $468,188 | $245,080 | $2,446,368 | XML |
| 990 | August 2024 | $402,323 | $203,815 | $2,240,705 | XML |
| 990 | August 2023 | $271,637 | $259,301 | $2,046,133 | XML |
| 990 | August 2022 | $274,955 | $380,287 | $2,026,606 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | 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 64-0932080).
Questions about MONTGOMERY INSTITUTE
- What is the EIN of MONTGOMERY INSTITUTE?
- The employer identification number (EIN) of MONTGOMERY INSTITUTE is 64-0932080.
- Is MONTGOMERY INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MONTGOMERY INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTGOMERY INSTITUTE 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 MONTGOMERY INSTITUTE due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTGOMERY INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of MONTGOMERY INSTITUTE?
- The 990 for the year ended August 31, 2025 names BEVERLY J KNOX.
- Who are the officers and directors of MONTGOMERY INSTITUTE?
- The 990 for the year ended August 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MONTGOMERY INSTITUTE have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $468,188, expenses of $245,080 and total assets of $2,446,368 at year end.
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All nonprofits in MERIDIAN · Mississippi · Community improvement and capacity building