Barnett Foundation FY2024 filing

Tax-deductible

Greenwood, MS501(c)(3)Foundations & GrantmakersEIN 63-1248965

501(c)(3) charity; gifts are tax-deductible.
$15K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $66K a year · 159% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$15K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$176K
×68 of total assets
Concern: liabilities are 6800% of assets; over 80%.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
+103% vs prior year
Spent
$106K
Net assets
−$173K
By yearFY2020–FY2025
Revenue
$57K
FY2024▲ +103%
Revenue by fiscal year
FY2020$27K
FY2021$80K
FY2022$35K
FY2023$28K
FY2024$57K
FY2025$24K
Expenses
$106K
FY2024-0.4%
Expenses by fiscal year
FY2020$128K
FY2021$93K
FY2022$108K
FY2023$106K
FY2024$106K
FY2025$106K
Net assets
−$173K
FY2024▼ -40%
Net assets by fiscal year
FY2020$40K
FY2021$27K
FY2022−$46K
FY2023−$124K
FY2024−$173K
FY2025−$256K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2000.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 80% · $85K Operating & administrative 20% · $21K

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

Who runs it and what they're paid

3 people listed on the 990-PF; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,000Pt VII · Sec A
$5,000Pt VII · Sec A
$5,000Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024
Richard G Noble$5,000$5,000
John M Ford JR$5,000$5,000
W W Gresham JR$5,000$5,000

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 Barnett Foundation executive salaries →

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Programs and updates

A private foundation based in Greenwood, MS.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 4 grants · $85K · 2025–2025
Indianola Education FdnFY2025$50,000
Mdcc FoundationFY2025$20,000
University of MississippiFY2025$10,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$21K
Median grantPart XV$20K
Largest grantPart XV$50K
Top cause focusNTEEFoundations & Grantmakers (25%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$57K
Other income$57K
Gifts and grants$100
Investment income$7
Money out
$106K
Grants paid$85K
Running costs$21K
Owns and owes
−$173K
net assets
Cash and savings$2K
Total assets$3K
Liabilities$176K
People
3
listed
Paid3
2In more detail
Revenue in detail
Gifts and grants$100
Investment income$7
Other income$57K
Total revenue$57K
Assets in detailEnd of year
Cash and savings together$2K
Total assets$3K
Liabilities$176K
Net assets−$173K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $24K$106K−$83K−$256K 990 PDF
FY2024 Viewing $57K$106K−$49K−$173K 990 PDF
FY2023 $28K$106K−$78K−$124K 990 PDF
FY2022 $35K$108K−$73K−$46K 990 PDF
FY2021 $80K$93K−$13K$27K 990 PDF
FY2020 $27K$128K−$102K$40K 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

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

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