Nonprofit · EIN 58-2340181
JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND
Tax-exempt · MCCOMB, MS 39649
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,800,837 | $7,811,542 | -$1,010,705 | $203,994,196 | $21,801,430 | $182,192,766 |
| December 31, 2023 | 990 | $6,161,473 | $4,781,533 | $1,379,940 | $200,978,348 | $19,262,950 | $181,715,398 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $255,305
- Program service revenue
- $0
- Investment income
- $6,544,528
- Royalties
- $1,004
- Net gain from sales of assets
- -$84,970
- Other revenue
- $1,004
Expenses
- Grants and similar amounts paid
- $1,908,131
- Compensation of officers, directors and key employees
- $717,500
- Salaries, compensation and benefits (total)
- $717,500
- Professional fundraising fees
- $0
- Accounting fees
- $18,365
- Program services (functional)
- $2,625,631
- Management and general (functional)
- $5,185,911
Balance sheet and other
- Total assets, start of year
- $200,978,348
- Total assets, end of year
- $203,994,196
- Total liabilities, end of year
- $21,801,430
- Net assets, end of year
- $182,192,766
- Gross receipts
- $6,905,415
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GERALD M ABDALLA JR | DIRECTOR Trustee or director | 50 | $282,500 |
| ROBERT M BIRD | DIRECTOR Trustee or director, Officer | 30 | $145,000 |
| TOM A ABDALLA | DIRECTOR, SEC & TREAS Trustee or director, Officer | 60 | $145,000 |
| GERALD M ABDALLA | PRESIDENT, DIRECTOR Trustee or director, Officer | 50 | $145,000 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GERALD M ABDALLA JR | DIRECTOR Trustee or director | 50 | $332,500 |
| ROBERT M BIRD | DIRECTOR Trustee or director, Officer | 30 | $145,000 |
| TOM A ABDALLA | DIRECTOR, SEC & TREAS Trustee or director, Officer | 60 | $145,000 |
| GERALD M ABDALLA | PRESIDENT, DIRECTOR Trustee or director, Officer | 50 | $145,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 826, MCCOMB, MS 39649-0826
- In care of
- % ROBERT M BIRD
- Principal officer (990 for 2024)
- GERALD M ABDALLA, PO BOX 826, MCCOMB, MS 39649
- Signed the 990
- GERALD M ABDALLA, DIRECTOR
- Phone
- (601) 684-6121
- Return prepared by
- HARPER RAINS KNIGHT & COMPANY PA
Mission
TO SUPPORT ITS SPECIFIED PUBLICLY SUPPORTED SECTION 501(C)(3) BENEFICIARY, THE CROFT INSTITUTE FOR INTERNATIONAL STUDIES, AND OTHER CHARITABLE AND EDUCATIONAL SECTION 501(C)(3) ORGANIZATIONS WHICH SUPPORT AND FURTHER THE EXEMPT CHARITABLE AND EDUCATIONAL PURPOSES OF THE CROFT INSTITUTE.
Program accomplishments
- CROFT INSTITUTE FOR INTERNATIONAL STUDIES - THE FUND CONTRIBUTES A SUBSTANTIAL PORTION OF THE COST TO OPERATE THE INSTITUTE. THE CROFT INSTITUTE FOR INTERNATIONAL STUDIES, A 501(C)3 ORGANIZATION, PROVIDES FOR THE STUDY OF INTERNATIONAL CULTURES, BUSINESSES, LANGUAGES, POLITICS AND OTHER AFFAIRS THROUGH ITS AFFILIATION WITH THE UNIVERSITY OF MISSISSIPPI. THE INSTITUTE'S PRINCIPAL OBJECTIVE IS TO PREPARE STUDENTS FOR A FUTURE OF GLOBAL INTERDEPENDENCE AMONG NATIONS, BUSINESSES AND OTHER SOCIETAL INSTITUTIONS.Expenses $2,375,631 · grants $1,658,131
- UNIVERSITY OF MISSISSIPPI SCHOOL OF ACCOUNTANCY - FOR CONSTRUCTION OF THE PATTERSON SCHOOL OF ACCOUNTANCY.Expenses $250,000 · grants $250,000
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 | Not 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
- 58-2340181
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T900)
- Assets (IRS master file)
- $203,994,196
- Income (IRS master file)
- $6,905,415
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,800,837 | $7,811,542 | $203,994,196 | IRS |
| 990 | December 2023 | $6,161,473 | $4,781,533 | $200,978,348 | XML |
| 990 | December 2022 | $6,181,563 | $4,434,870 | $193,902,263 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 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 58-2340181).
Questions about JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND
- What is the EIN of JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND?
- The employer identification number (EIN) of JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND is 58-2340181.
- Is JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND 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 JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND 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 JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND?
- The 990 for the year ended December 31, 2024 names GERALD M ABDALLA.
- Who are the officers and directors of JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND?
- The 990 for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $282,500 (GERALD M ABDALLA JR, DIRECTOR).
- How much revenue does JOSEPH C BANCROFT CHARITABLE & EDUCATIONAL FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,800,837, expenses of $7,811,542 and total assets of $203,994,196 at year end.
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All nonprofits in MCCOMB · Mississippi · Philanthropy, voluntarism and grantmaking foundations