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Old Waverly Foundation INC

Tax-deductible

West Point, MS501(c)(3)Since 1997Recreation & SportsEIN 31-1511701

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Promotes education through golf and associated activities.

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
135 mo
of spending, in cash
Looks good: 135.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
+213% vs prior year
Spent
$37K
To programs
88%
Net assets
$639K
By yearFY2020–FY2025
Revenue
$176K
FY2025▲ +213%
Revenue by fiscal year
FY2020$86K
FY2021$48K
FY2022$59K
FY2023$47K
FY2024$150K
FY2025$56K
FY2025$176K
Expenses
$37K
FY2025▼ -5%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$39K
FY2025$37K
Net assets
$639K
FY2025▲ +28%
Net assets by fiscal year
FY2020$383K
FY2021$333K
FY2022$333K
FY2023$357K
FY2024$483K
FY2025$500K
FY2025$639K

From the FY2025 Form 990 · 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 1997.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $33K Management & general 12% · $5K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Boyce Adams
President
$0Pt VII · Sec A
Troy Blanton
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
James L Stafford
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
See Old Waverly 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

Promotes education using golf and related activities.

Provided by the organization

This section is blank until Old Waverly Foundation INC claims this page.

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1 program service account for $9K of program spending, described in the organization's own filed words · FY2025.
01

Promotes education through golf and associated activities.

$9Kprogram 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 · FY2024
American Junior Golf Foundation INCFY2024$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $12K · 2025–2025
Unitemized GrantFY2025$12,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$176K
Ln 12
Investment incomeLn 3$171K
Other incomeLn 4–11$3K
Gifts and grantsLn 1h$2K
Money outPt IX
$37K
Ln 25
Programscol B$33K
Managementcol C$5K
Owns and owesPt X
$639K
net assets · Ln 32
Cash and savingsLn 1–2$418K
Total assetsLn 16$639K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$171K
Other incomeLn 4–11$3K
Gains on assetsLn 7$168K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$417K
SavingsLn 2$980
Cash and savings togetherLn 1–2$418K
InvestmentsLn 11–13$17K
Land, buildings, equipmentLn 10c$203K
Other assetsLn 15$782
Total assetsLn 16$639K
LiabilitiesLn 26$0
Net assetsLn 32$639K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$76K$418K
InvestmentsLn 11–13$14K$17K
Land, buildings, equipmentLn 10c$409K$203K
Total assetsLn 16$500K$639K
LiabilitiesLn 26$215$0
Net assetsLn 32$500K$639K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$12K$12K
Accounting feesLn 11c$3K$3K
OccupancyLn 16$3K$3K
Depreciation, depletion and amortizationLn 22$18K$18K
Other expenses (24a–d)Ln 24$2K$401$2K
Total functional expensesLn 25$37K$33K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $56K$39K$17K$500K 990 PDF
FY2024 $150K$483K 990 PDF
FY2023 $47K$357K 990 PDF
FY2022 $59K$333K 990 PDF
FY2021 $48K$333K 990 PDF
FY2020 $86K$383K 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 $175,844 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,600
VIII-1h Total contributions, gifts and grants$1,600
VIII-3 Investment incomeRelated to mission $2,607$2,607
VIII-7 Net gain or loss on sales of assetsRelated to mission $168,312$168,312
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $3,325$3,325
VIII-12 Total revenueRelated to mission $170,919 · Unrelated business $3,325$175,844
Part IX · Statement of functional expenses $37,130 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $12,000$12,000
IX-11c Accounting feesManagement $2,851$2,851
IX-16 OccupancyPrograms $2,675$2,675
IX-22 Depreciation, depletion and amortizationPrograms $17,525$17,525
IX-24 Other expenses (24a–d)Programs $401 · Management $1,678$2,079
IX-25 Total functional expensesPrograms $32,601 · Management $4,529 · Fundraising $0$37,130
Part X · Balance sheet $638,596 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $73,113$417,215
X-2 Savings and temporary cash investmentsStart of year $3,051$980
X-10c Land, buildings and equipment, netStart of year $409,413$202,702
X-11 Publicly traded securitiesStart of year $13,738$16,917
X-15 Other assetsStart of year $782$782
X-16 Total assetsStart of year $500,097$638,596
X-26 Total liabilitiesStart of year $215$0
X-27 Net assets without donor restrictionsStart of year $483,093$595,699
X-28 Net assets with donor restrictionsStart of year $16,789$42,897
X-32 Total net assets or fund balancesStart of year $499,882$638,596
X-33 Total liabilities and net assetsStart of year $500,097$638,596
Part XI · Reconciliation of net assets $638,596 net assets at year end
XI-1 Total revenue$175,844
XI-2 Total expenses$37,130
XI-3 Revenue less expenses$138,714
XI-4 Net assets at start of year$499,882
XI-10 Net assets at end of year$638,596

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

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