Promote, encourage, assist, and support all forms of eduction and research at Holmes Community College through funding of scholarships and other educational support.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $320K a year · 47% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
38 mo
of spending, in cash
Plus $12.9M in investments, Pt X · Ln 11–13
Looks good: 38.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$944K
-4% vs prior year
Spent
$369K
To programs
70%
Net assets
$14.0M
By yearFY2020–FY2024
Revenue
$944K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$596K
FY2021$376K
FY2022$465K
FY2023$988K
FY2024$944K
Expenses
$369K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$374K
FY2021$335K
FY2022$332K
FY2023$361K
FY2024$369K
Net assets
$14.0M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.3M
FY2021$11.8M
FY2022$9.8M
FY2023$12.0M
FY2024$14.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1976.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $259K Management & general 29% · $108K Fundraising 1% · $3K

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

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Who runs it and what they're paid

18 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$9,750Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Wirt Hayes$9,750$8,750$8,125$8,250$8,125

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Holmes Community College Development 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds scholarships and educational support for students and research at Holmes Community College.

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Provided by the organization

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2 programs · $259K · in their own filed words · FY2024
01

Provided scholarships and educational needs as provided by the terms of contributions received, to students attending holmes community college at goodman, MS, grenada, MS and ridgeland, MS campuses

$160Kprogram expense
02

Financial support for holmes community college

$98Kprogram expense

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 · FY2024
Total grants receivedfrom 2 funders$16K
Grants paid · 9 grants · $1.2M · 2020–2024
Holmes Community CollegeFY2024$160,201
Holmes Community CollegeFY2024$98,300
Holmes Community CollegeFY2023$169,626
Holmes Community CollegeFY2023$85,800
Holmes Community CollegeFY2022$151,918
Holmes Community CollegeFY2022$86,938
Holmes Community CollegeFY2021$119,216
Holmes Community CollegeFY2021$55,862
Holmes Community CollegeFY2020$292,407

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$944K
Ln 12
Gifts and grantsLn 1h$642K
Investment incomeLn 3$297K
Other incomeLn 4–11$5K
Money outPt IX
$369K
Ln 25
Programscol B$259K
Managementcol C$108K
Fundraisingcol D$3K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$14.1M
LiabilitiesLn 26$42K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$642K
Noncash giftsLn 1g$5K
Investment incomeLn 3$297K
Other incomeLn 4–11$5K
Total revenueLn 12$944K
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$12.9M
Total assetsLn 16$14.1M
LiabilitiesLn 26$42K
Net assetsLn 32$14.0M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$860K$1.2M
InvestmentsLn 11–13$11.2M$12.9M
Total assetsLn 16$12.1M$14.1M
LiabilitiesLn 26$71K$42K
Net assetsLn 32$12.0M$14.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$259K$259K
Other salaries and wagesLn 7$51K$51K
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
OccupancyLn 16$5K$5K
Conferences, conventions and meetingsLn 19$416$416
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$369K$259K$108K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $944K$369K$575K$14.0M 990 PDF
FY2023 $988K$361K$627K$12.0M 990 PDF
FY2022 $465K$332K$133K$9.8M 990 PDF
FY2021 $376K$335K$41K$11.8M 990 PDF
FY2020 $596K$374K$223K$10.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $944,337 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $782,021$642,372
I-9 Program service revenue$0
I-10 Investment incomePrior year $203,872$297,301
I-11 Other revenuePrior year $2,383$4,664
I-12 Total revenuePrior year $988,276$944,337
I-13 Grants and similar amounts paidPrior year $255,426$258,501
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $48,540$51,052
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,878$59,704
I-18 Total expensesPrior year $360,844$369,257
I-19 Revenue less expensesPrior year $627,432$575,080
Part VI · Governance 18 of 18 board members independent, 5 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $944,337 across 6 lines filed
VIII-1f All other contributions, gifts and grants$642,372
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$642,372
VIII-3 Investment incomeRelated to mission $297,301$297,301
VIII-8 Net income from fundraising eventsExcluded from tax $4,664$4,664
VIII-12 Total revenueRelated to mission $297,301 · Excluded from tax $4,664$944,337
Part IX · Statement of functional expenses $369,257 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $258,501$258,501
IX-7 Other salaries and wagesManagement $51,052$51,052
IX-11c Accounting feesManagement $18,024$18,024
IX-12 Advertising and promotionFundraising $3,241$3,241
IX-13 Office expensesManagement $1,934$1,934
IX-16 OccupancyManagement $5,000$5,000
IX-19 Conferences, conventions and meetingsManagement $416$416
IX-24 Other expenses (24a–d)Management $31,089$31,089
IX-25 Total functional expensesPrograms $258,501 · Management $107,515 · Fundraising $3,241$369,257
Part X · Balance sheet $14,077,057 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $860,135$1,169,014
X-4 Accounts receivable$5,018
X-11 Publicly traded securitiesStart of year $11,198,174$12,903,025
X-16 Total assetsStart of year $12,058,309$14,077,057
X-17 Accounts payable and accrued expensesStart of year $43,975$41,712
X-26 Total liabilitiesStart of year $70,581$41,712
X-27 Net assets without donor restrictionsStart of year $5,258,407$5,894,572
X-28 Net assets with donor restrictionsStart of year $6,729,321$8,140,773
X-32 Total net assets or fund balancesStart of year $11,987,728$14,035,345
X-33 Total liabilities and net assetsStart of year $12,058,309$14,077,057
Part XI · Reconciliation of net assets $14,035,345 net assets at year end
XI-1 Total revenue$944,337
XI-2 Total expenses$369,257
XI-3 Revenue less expenses$575,080
XI-4 Net assets at start of year$11,987,728
XI-5 Net unrealized gains (losses) on investments$1,472,537
XI-10 Net assets at end of year$14,035,345

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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