Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1947.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
46 people listed on the 990; $2.5M paid to officers and key staff.
James B Thompson’s $325K as President is at the 15th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr James B Thompson | — | $585,293 | — | — | — | — |
| Dr Blake Thompson | — | — | $325,602 | $318,108 | $307,723 | $330,000 |
| James B Thompson | $325,102 | — | — | — | — | — |
| Dr Keith Elder | — | $272,244 | $278,475 | — | — | — |
| Mike Highfield | $271,613 | $145,439 | — | — | — | — |
| Keith Elder | $177,980 | — | — | $270,095 | — | — |
| John P Anderson | $256,593 | $264,293 | $213,551 | — | — | — |
| Patricia Bennett | — | — | — | $254,296 | — | — |
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.
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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 15aYes
Programs and updates
Educates students with academic excellence and Christian commitment.
Questions for Mississippi College
Your first name shows with your question. Mississippi College answers here, for everyone.
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Educational and General Expenses
Instruction is provided to more than 5,000 students with undergradutate, graduate and doctoral programs and degrees. The university is committed to excellence and innovation in teaching and learning. Tuition and fee revenue are used to pay salaries of faculty and staff and provide teaching facilities and necessary supplies.
Auxiliary Enterprises
The university provides a number of services that support learning, build community and enhance the overall quality of student life. These include, but are not limited to, residential housing, dining, bookstore and mail services.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $110.6M | $105.1M | $90.8M | $93.5M | $99.5M |
| Given inLn 1b | $1.2M | $476K | $568K | $814K | $374K |
| SpentLn 1d–1f | $3.5M | $3.4M | $3.3M | $3.4M | $2.5M |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $36.9M | $34.1M |
| InvestmentsLn 11–13 | $116.2M | $116.1M |
| Land, buildings, equipmentLn 10c | $106.7M | $109.9M |
| Total assetsLn 16 | $273.9M | $279.6M |
| LiabilitiesLn 26 | $47.2M | $45.5M |
| Net assetsLn 32 | $226.7M | $234.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $75K | $75K | ||
| Grants to domestic individualsLn 2 | $47.3M | $47.3M | ||
| Grants and assistance to foreign recipientsLn 3 | $432K | $432K | ||
| Pay of current officers, directors and key staffLn 5 | $1.9M | $842K | $1.0M | |
| Pay of disqualified personsLn 6 | $8K | $7K | $1K | $173 |
| Other salaries and wagesLn 7 | $32.6M | $27.2M | $4.7M | $688K |
| Pension plan contributionsLn 8 | $3.6M | $3.0M | $527K | $77K |
| Other employee benefitsLn 9 | $3.0M | $2.5M | $430K | $63K |
| Payroll taxesLn 10 | $2.5M | $2.1M | $356K | $52K |
| Legal feesLn 11b | $54K | $54K | ||
| Accounting feesLn 11c | $137K | $137K | ||
| Professional fundraising feesLn 11e | $36K | $36K | ||
| Investment management feesLn 11f | $279K | $279K | ||
| Other fees for servicesLn 11g | $10.5M | $8.7M | $1.5M | $221K |
| Advertising and promotionLn 12 | $94K | $79K | $14K | $2K |
| Office expensesLn 13 | $3.2M | $2.6M | $457K | $67K |
| Information technologyLn 14 | $862K | $719K | $125K | $18K |
| OccupancyLn 16 | $3.7M | $3.1M | $532K | $77K |
| TravelLn 17 | $2.1M | $1.8M | $310K | $45K |
| Conferences, conventions and meetingsLn 19 | $15K | $15K | ||
| InterestLn 20 | $744K | $620K | $108K | $16K |
| Depreciation, depletion and amortizationLn 22 | $7.3M | $6.1M | $1.1M | $153K |
| InsuranceLn 23 | $1.1M | $1.1M | ||
| Other expenses (24a–d)Ln 24 | $2.4M | $2.0M | $351K | $51K |
| All other expensesLn 24e | $6.6M | $5.6M | $922K | $134K |
| Total functional expensesLn 25 | $130.4M | $114.8M | $13.9M | $1.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Apr 13, 2026 | $140.4M | $130.4M | $10.0M | $234.0M | 990 PDF |
| FY2024Filed with the IRS Apr 14, 2025 | $118.6M | $125.9M | −$7.4M | $226.7M | 990 PDF |
| FY2023Filed with the IRS Apr 11, 2024 | $102.9M | $112.2M | −$9.4M | $215.1M | 990 PDF |
| FY2022 | $112.7M | $112.4M | $264K | $218.9M | 990 PDF |
| FY2021Filed with the IRS Apr 14, 2022 | $113.4M | $112.7M | $719K | $221.3M | 990 PDF |
| FY2020Filed with the IRS Apr 15, 2021 | $108.3M | $109.9M | −$1.6M | $194.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $140,448,605 revenue, 12 lines filed
Part VI · Governance 29 of 33 board members independent, 1 to look at
Part VIII · Statement of revenue $140,448,605 across 8 lines filed
Part IX · Statement of functional expenses $130,400,343 across 25 lines filed
Part X · Balance sheet $279,583,852 assets, 20 lines filed
Part XI · Reconciliation of net assets $234,048,064 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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