Nonprofit · EIN 64-6022505
UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION
Tax-exempt · HATTIESBURG, MS 39406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,673,521 | $14,922,122 | $12,751,399 | $214,494,117 | $861,382 | $213,632,735 |
| June 30, 2024 | 990 | $26,790,188 | $12,071,547 | $14,718,641 | $194,257,683 | $738,080 | $193,519,603 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,051,527
- Program service revenue
- $0
- Investment income
- $13,615,715
- Net gain from sales of assets
- $9,422,162
- Net income from fundraising events
- -$25,940
- Other revenue
- $6,279
Expenses
- Grants and similar amounts paid
- $10,872,479
- Other salaries and wages
- $188,324
- Salaries, compensation and benefits (total)
- $188,324
- Professional fundraising fees
- $0
- Legal fees
- $85,115
- Accounting fees
- $66,303
- Travel
- $268,139
- Depreciation
- $19,783
- Program services (functional)
- $12,373,033
- Management and general (functional)
- $2,228,371
- Fundraising (functional)
- $320,718
Balance sheet and other
- Total assets, start of year
- $194,257,683
- Total assets, end of year
- $214,494,117
- Total liabilities, end of year
- $861,382
- Net assets, end of year
- $213,632,735
- Land, buildings and equipment
- $1,072,141
- Publicly traded securities
- $130,608,921
- Net assets without donor restrictions
- $24,546,983
- Net assets with donor restrictions
- $189,085,752
- Gross unrelated business income
- -$32,332
- Gross receipts
- $49,769,762
- Employees
- 0
- Volunteers
- 69
- Year formed
- 1959
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACE MERCIER | EXECUTIVE DIRECTOR/SECRETARY Officer | 40 | $142,034 | $32,593 |
| ELISSA ERNST | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $104,572 | $25,419 |
| LESLEE SMITH | CHIEF FINANCIAL OFFICER Officer | 40 | $87,337 | $30,979 |
| CHRIS ANDERSON | PRESIDENT Trustee or director, Officer | 0.52 | $0 | $0 |
| OMAR NELSON | VICE PRESIDENT Trustee or director, Officer | 0.54 | $0 | $0 |
| WADE HOWK TREASURER | AND FINANCE COMMITTEE CHAIR Trustee or director, Officer | 0.23 | $0 | $0 |
| JOE QUINLAN | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 0.52 | $0 | $0 |
| REBECCA BOUDREAUX | BOARD MEMBER Trustee or director | 0.27 | $0 | $0 |
| CARLEN CHESTANG | BOARD MEMBER Trustee or director | 0.38 | $0 | $0 |
| ALAN COATS | BOARD MEMBER Trustee or director | 1.83 | $0 | $0 |
| LISA CONN | BOARD MEMBER Trustee or director | 0.42 | $0 | $0 |
| BEVERLY DALE | BOARD MEMBER Trustee or director | 1.96 | $0 | $0 |
| ROBERT DONNELL | BOARD MEMBER Trustee or director | 0.46 | $0 | $0 |
| CINDY GADDIS | MEMBER-AT-LARGE Trustee or director | 0.6 | $0 | $0 |
| TOM GIBBENS | BOARD MEMBER Trustee or director | 0.35 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN GILBERT | BOARD MEMBER Trustee or director | 0.29 | $0 |
| CAROL JONES-RUSSELL | POLICY AND BYLAWS COMMITTEE CHAIR Trustee or director | 0.29 | $0 |
| SCOTT LANEHART | BOARD MEMBER Trustee or director | 0.44 | $0 |
| JOY LIGHTSEY | BOARD MEMBER Trustee or director | 0.4 | $0 |
| VICKIE LOCK | BOARD MEMBER Trustee or director | 0.4 | $0 |
| ADELE LYONS | BOARD MEMBER Trustee or director | 0.46 | $0 |
| KEITH MOONEY | BOARD MEMBER Trustee or director | 0.54 | $0 |
| GERALD MUMFORD | BOARD MEMBER Trustee or director | 1.62 | $0 |
| JENNIFER PAYNE | BOARD MEMBER Trustee or director | 0.33 | $0 |
| RHONDA PHILLIPS | BOARD MEMBER Trustee or director | 0.15 | $0 |
| RODERICK POSEY | BOARD MEMBER Trustee or director | 0.52 | $0 |
| TRACY POWELL | RESOURCE DEVELOPMENT COMMITTEE CHAIR Trustee or director | 0.6 | $0 |
| CHUCK SCIANNA | BOARD MEMBER - THRU 1/14/2025 Trustee or director | 0.29 | $0 |
| DEMARIO SMITH | BOARD MEMBER Trustee or director | 0.35 | $0 |
| STEVE STRICKLAND | INVESTMENT COMMITTEE CHAIR Trustee or director | 0.65 | $0 |
| EDWARD TAYLOR | BOARD MEMBER Trustee or director | 0.13 | $0 |
| ADALIUS THOMAS | BOARD MEMBER Trustee or director | 0.21 | $0 |
| SUSAN WILLIAMS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ALVIS WRIGHT | BOARD MEMBER Trustee or director | 0.37 | $0 |
990 for the year ended June 30, 2024: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACE MERCIER | EXECUTIVE DIRECTOR/SECRETARY Officer | 40 | $136,502 | $29,053 |
| LESLEE SMITH | CHIEF FINANCIAL OFFICER Officer | 40 | $86,829 | $30,088 |
| JENNIFER PAYNE | MEMBER-AT-LARGE Trustee or director | 0.55 | $16,050 | $0 |
| JOE QUINLAN | PRESIDENT Trustee or director, Officer | 0.68 | $0 | $0 |
| CHRIS ANDERSON VICE PRES | AND RESOURCE DEV. COMMITTEE CHAIR Trustee or director, Officer | 0.49 | $0 | $0 |
| WADE HOWK TREASURER | AND FINANCE COMMITTEE CHAIR Trustee or director, Officer | 0.34 | $0 | $0 |
| KELSEY RUSHING | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 0.53 | $0 | $0 |
| REBECCA BOUDREAUX | BOARD MEMBER Trustee or director | 0.19 | $0 | $0 |
| CARLEN CHESTANG | BOARD MEMBER Trustee or director | 0.45 | $0 | $0 |
| ALAN COATS | BOARD MEMBER Trustee or director | 0.72 | $0 | $0 |
| LISA CONN | BOARD MEMBER Trustee or director | 0.31 | $0 | $0 |
| BECKY COWART | BOARD MEMBER Trustee or director | 0.46 | $0 | $0 |
| BEVERLY DALE | BOARD MEMBER Trustee or director | 0.82 | $0 | $0 |
| ROBERT DONNELL | BOARD MEMBER Trustee or director | 0.39 | $0 | $0 |
| CINDY GADDIS | BOARD MEMBER Trustee or director | 0.68 | $0 | $0 |
| TOM GIBBENS | BOARD MEMBER Trustee or director | 0.33 | $0 | $0 |
| KEVIN GILBERT | BOARD MEMBER Trustee or director | 0.13 | $0 | $0 |
| CAROL JONES-RUSSELL | POLICY AND BYLAWS COMMITTEE CHAIR Trustee or director | 0.28 | $0 | $0 |
| SCOTT LANEHART | BOARD MEMBER Trustee or director | 0.47 | $0 | $0 |
| JOY LIGHTSEY | BOARD MEMBER Trustee or director | 0.39 | $0 | $0 |
| VICKIE LOCK | BOARD MEMBER Trustee or director | 0.34 | $0 | $0 |
| ADELE LYONS | BOARD MEMBER Trustee or director | 0.45 | $0 | $0 |
| KEITH MOONEY | BOARD MEMBER Trustee or director | 0.55 | $0 | $0 |
| OMAR NELSON | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| RHONDA PHILLIPS | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| RODERICK POSEY | BOARD MEMBER Trustee or director | 0.47 | $0 | $0 |
| TRACY POWELL | BOARD MEMBER Trustee or director | 0.53 | $0 | $0 |
| CHUCK SCIANNA | BOARD MEMBER Trustee or director | 0.42 | $0 | $0 |
| DEMARIO SMITH | BOARD MEMBER Trustee or director | 0.41 | $0 | $0 |
| STEVE STRICKLAND | INVESTMENT COMMITTEE CHAIR Trustee or director | 0.81 | $0 | $0 |
| EDWARD TAYLOR | BOARD MEMBER Trustee or director | 0.24 | $0 | $0 |
| ADALIUS THOMAS | BOARD MEMBER Trustee or director | 0.26 | $0 | $0 |
| ALVIS WRIGHT | BOARD MEMBER Trustee or director | 0.38 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 118 COLLEGE DRIVE 5210, HATTIESBURG, MS 39406-0002
- Principal officer (990 for 2024)
- STACE MERCIER, 118 COLLEGE DRIVE 5210, HATTIESBURG, MS 39406
- Signed the 990
- STACE MERCIER, EXECUTIVE DIRECTOR
- Phone
- (601) 266-5210
- Website
- WWW.USMFOUNDATION.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI (USM). THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION.
Program accomplishments
- THE FOUNDATION PROVIDES SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI IN A MULTITUDE OF WAYS. THIS FISCAL YEAR, THE FOUNDATION SUPPORTED THE CONSTRUCTION OF A $2MM STATE-OF-THE-ART THERAPY PLAYGROUND FOR THE CHILDREN'S CENTER FOR COMMUNICATION AND DEVELOPMENT ON THE HATTIESBURG CAMPUS, PROVIDED 2,308 SCHOLARSHIPS TOTALING NEARLY $5.7MM, AND MADE MANY OTHER DISBURSEMENTS IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI.Expenses $10,872,479 · grants $10,872,479
- THE FOUNDATION PROVIDES OTHER SUPPORT ON BEHALF OF THE UNIVERSITY THAT ENABLES FACULTY, STAFF AND STUDENTS OPPORTUNITIES TO EXCEL IN TEACHING, RESEARCH, CREATIVE ACTIVITES, OUTREACH AND SERVICE.Expenses $1,500,554
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 64-6022505
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $214,494,117
- Income (IRS master file)
- $49,769,762
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,673,521 | $14,922,122 | $214,494,117 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $26,790,188 | $12,071,547 | $194,257,683 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $17,712,238 | $12,862,991 | $165,505,905 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $19,113,544 | $14,010,726 | $151,472,857 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 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 64-6022505).
Questions about UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION
- What is the EIN of UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION is 64-6022505.
- Is UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF SOUTHERN MISSISSIPPI 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 FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION?
- The 990 for the year ended June 30, 2025 names STACE MERCIER.
- Who are the officers and directors of UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 34 people; 3 received compensation from the organization, the highest $142,034 (STACE MERCIER, EXECUTIVE DIRECTOR/SECRETARY).
- How much revenue does UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,673,521, expenses of $14,922,122 and total assets of $214,494,117 at year end.
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