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Partnership Foundation INC

Tax-deductible

Hattiesburg, MS501(c)(3)Community DevelopmentEIN 20-5162135

To promote and support economic wellness and quality of life for greater hattiesburg area

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $722K a year · 50% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $37K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$624
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
×84 vs prior year
Spent
$893K
To programs
83%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$4.7M
FY2025▲ ×84
Revenue by fiscal year
FY2020$1.3M
FY2021$2.6M
FY2022$52K
FY2023$55K
FY2024$56K
FY2025$4.7M
Expenses
$893K
FY2025▲ +15%
Expenses by fiscal year
FY2020$527K
FY2021$691K
FY2022$763K
FY2023$767K
FY2024$776K
FY2025$893K
Net assets
$5.0M
FY2025▲ +270%
Net assets by fiscal year
FY2020$1.6M
FY2021$3.5M
FY2022$2.8M
FY2023$2.1M
FY2024$1.4M
FY2025$5.0M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $745K Management & general 2% · $22K Fundraising 14% · $126K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chad Newell
Secretary
$0Pt VII · Sec A
Grant Walker
Vice-Chair
$0Pt VII · Sec A
Jeff Bowman
Treasurer
$0Pt VII · Sec A
Shea McNease
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
John Griffith
Board Member
$0Pt VII · Sec A
Kevin Brewer
Board Member
$0Pt VII · Sec A
John Johnson
Board Member
$0Pt VII · Sec A
See Partnership Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports economic wellness and quality of life for the Greater Hattiesburg area.

Provided by the organization

This section is blank until Partnership Foundation INC claims this page.

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1 program service account for $745K of program spending, described in the organization's own filed words · FY2024.
01

To promote and support economic wellness and quality of life for greater hattiesburg area

$745Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Pinebelt FoundationFY2025$37K
Total grants receivedfrom 1 funder$37K
Grants paid · 6 grants · $4.0M · 2019–2024
Area Development Partnership INCMS · FY2024$745,000
Area Development Partnership INCMS · FY2023$745,000
Area Development Partnership INCMS · FY2022$744,996
Area Development Partnership INCMS · FY2021$744,996
Area Development Partnership INCMS · FY2020$600,000
Area Development Partnership INCMS · FY2019$446,624

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$7K
Money outPt IX
$893K
Ln 25
Programscol B$745K
Managementcol C$22K
Fundraisingcol D$126K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$410K
Total assetsLn 16$5.0M
LiabilitiesLn 26$624
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$7K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$600
SavingsLn 2$409K
Cash and savings togetherLn 1–2$410K
Other assetsLn 15$1K
Total assetsLn 16$5.0M
LiabilitiesLn 26$624
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$418K$410K
Total assetsLn 16$1.4M$5.0M
LiabilitiesLn 26$17$624
Net assetsLn 32$1.4M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$745K$745K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$10K$10K
Other expenses (24a–d)Ln 24$128K$2K$126K
Total functional expensesLn 25$893K$745K$22K$126K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.7M$893K$3.8M$5.0M 990 PDF
FY2024 $56K$776K−$720K$1.4M 990 PDF
FY2023 $55K$767K−$712K$2.1M 990 PDF
FY2022 $52K$763K−$711K$2.8M 990 PDF
FY2021 $2.6M$691K$1.9M$3.5M 990 PDF
FY2020 $1.3M$527K$737K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $4,714,428 across 4 lines filed
VIII-1f All other contributions, gifts and grants$4,707,833
VIII-1h Total contributions, gifts and grants$4,707,833
VIII-3 Investment incomeExcluded from tax $6,595$6,595
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,595$4,714,428
Part IX · Statement of functional expenses $892,583 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $745,000$745,000
IX-11c Accounting feesManagement $9,300$9,300
IX-13 Office expensesManagement $10,329$10,329
IX-24 Other expenses (24a–d)Management $2,153 · Fundraising $125,801$127,954
IX-25 Total functional expensesPrograms $745,000 · Management $21,782 · Fundraising $125,801$892,583
Part X · Balance sheet $5,038,434 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $600$600
X-2 Savings and temporary cash investmentsStart of year $417,436$409,495
X-3 Pledges and grants receivableStart of year $939,201$4,626,873
X-15 Other assetsStart of year $3,480$1,466
X-16 Total assetsStart of year $1,360,717$5,038,434
X-17 Accounts payable and accrued expenses$624
X-25 Other liabilitiesStart of year $17$0
X-26 Total liabilitiesStart of year $17$624
X-27 Net assets without donor restrictionsStart of year $1,138,014$1,531,475
X-28 Net assets with donor restrictionsStart of year $222,686$3,506,335
X-32 Total net assets or fund balancesStart of year $1,360,700$5,037,810
X-33 Total liabilities and net assetsStart of year $1,360,717$5,038,434
Part XI · Reconciliation of net assets $5,037,810 net assets at year end
XI-1 Total revenue$4,714,428
XI-2 Total expenses$892,583
XI-3 Revenue less expenses$3,821,845
XI-4 Net assets at start of year$1,360,700
XI-9 Other changes in net assets−$144,735
XI-10 Net assets at end of year$5,037,810

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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