Nonprofit · EIN 58-1927983
DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC
Tax-exempt · SOUTHAVEN, MS 38671
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $55,252 | $56,762 | -$1,510 | $10,690 | – | $10,690 |
| December 31, 2023 | 990-EZ | $53,030 | $43,224 | $9,806 | $12,200 | – | $12,200 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $54,443
- Program service revenue
- $730
- Investment income
- $79
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $950
- Other expenses
- $55,812
- Program services (functional)
- $56,261
Balance sheet and other
- Total assets, start of year
- $12,200
- Total assets, end of year
- $10,690
- Total liabilities, end of year
- –
- Net assets, end of year
- $10,690
- Cash, savings and investments
- $10,690
- Gross receipts
- $55,252
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM FERGUSON | PRESIDENT | 0.5 | $0 |
| JIM FLANAGAN | DIRECTOR | 0.5 | $0 |
| BRIDGET MARTIN | PRINCIPAL/DI | 0.5 | $0 |
| CORY USELTON | SUPERINTENDE | 0.5 | $0 |
| DIEGO LEJWA | PAST-CHAIRMA | 0.5 | $0 |
| JOHN RAY | CHAIRMAN | 0.5 | $0 |
| DAVY HUNT | VICE-CHAIRMA | 0.5 | $0 |
| RHODES THOMPSON | TREASURER | 0.5 | $0 |
| BOBBIE ESPITIA | SECRETARY | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM FERGUSON | PRESIDENT | 0.5 | $0 |
| JIM FLANAGAN | CEO / PRESID | 0.5 | $0 |
| BRIDGET MARTIN | PRINCIPAL/DI | 0.5 | $0 |
| RITCHIE HAMPTON | PAST-CHAIR | 0.5 | $0 |
| CORY USELTON | SUPERINTENDE | 0.5 | $0 |
| DIEGO LEJWA | CHAIRMAN | 0.5 | $0 |
| JOHN RAY | VICE-CHAIRMA | 0.5 | $0 |
| DAVY HUNT | TREASURER | 0.5 | $0 |
| RHODES THOMPSON | SECRETARY | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4716 PEPPER CHASE DR, SOUTHAVEN, MS 38671-7432
- Signed the 990-EZ
- JIM FLANAGAN, DIRECTOR
- Phone
- (662) 429-4414
- Website
- DESOTOCOUNTY.COM
- Return prepared by
- WILLIAMS PITTS & BEARD PLLC
Mission
THE DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION'S MAIN OBJECTIVE IS TO IDENTIFY, SUPPORT AND PROMOTE EDUCATION AT ALL LEVELS IN DESOTO COUNTY. THEY RECEIVE AND DISTRIBUTE GRANTS AND SCHOLARSHIPS TO TEACHERS AND STUDENTS ACROSS DESOTO COUNTY. THEY PROMOTE PARTNERSHIPS BETWEEN THE COMMUNITY AND CLASSROOMS THROUGH GRANT PROGRAMS. THE SALUTE TO EDUCATION PROGRAM ANNUALLY RECOGNIZES INDIVIDUALS IN EDUCATION WHO EXCEL IN EDUCATION.
Program accomplishments
- THE DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION'S MAIN OBJECTIVE IS TO IDENTIFY, SUPPORT AND PROMOTE EDUCATION AT ALL LEVELS IN DESOTO COUNTY. THEY RECEIVE AND DISTRIBUTE GRANTS AND SCHOLARSHIPS TO TEACHERS AND STUDENTS ACROSS DESOTO COUNTY. THEY PROMOTE PARTNERSHIPS BETWEEN THE COMMUNITY AND CLASSROOMS THROUGH GRANT PROGRAMS. THE SALUTE TO EDUCATION PROGRAM ANNUALLY RECOGNIZES INDIVIDUALS IN EDUCATION WHO EXCEL IN EDUCATION.Expenses $56,261
- THE GENERAL FUNDS ARE ALLOCATED FOR "MINI-GRANTS" TO SUPPORT TEACHERS, FOSTER PARTNERSHIPS WITH BUSINESSES AND INDUSTRIES, CREATE ENDOWMENTS FOR COLLEGE SCHOLARSHIPS, IMPLEMENT TEACHER INCENTIVE PROGRAMS, AND RECOGNIZE BOTH FACULTY AND STUDENTS. THESE FUNDS BENEFIT ALL PUBLIC, PRIVATE, AND PAROCHIAL SCHOOLS IN THE COUNTY. EACH TEACHER IS ASSIGNED A SPONSOR TO WHOM THEY REPORT ON THE SUCCESS OF THEIR AWARDED GRANT. THIS PROCESS AIMS TO STRENGTHEN RELATIONSHIPS AND GARNER SUPPORT FOR OUR SCHOOLS WITHIN THE LOCAL COMMUNITY, INCLUDING BUSINESSES, INDUSTRIES, CHURCHES, AND PRIVATE INDIVIDUALS.
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 58-1927983
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B95Z)
- Assets (IRS master file)
- $10,690
- Income (IRS master file)
- $55,252
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $55,252 | $56,762 | $10,690 | IRS |
| 990-EZ | December 2023 | $53,030 | $43,224 | $12,200 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 58-1927983).
Questions about DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC
- What is the EIN of DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC?
- The employer identification number (EIN) of DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC is 58-1927983.
- Is DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC 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 DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does DESOTO COUNTY FOUNDATION FOR EXCELLENCE IN EDUCATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $55,252, expenses of $56,762 and total assets of $10,690 at year end.
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