Quitman County Educational Foundation INC FY2020 filing

Tax-deductible

Marks, MS501(c)(3)EIN 64-0432952Revenue $747K in FY2020

On file with the IRSPo Box 70, 38646-0070 · Marks, MSTax-exempt since Jan 1992School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Administer and operate a school k-3 through 12>

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$93K 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

FY2020 · 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
1 of 6
filings with a surplus
Average deficit $134K a year · 13% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$750K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$747K
Spent
$1.1M
To programs
74%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$747K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$747K
FY2021$867K
FY2022$1.0M
FY2023$1.3M
FY2024$1.2M
FY2025$1.2M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2025$1.2M
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M
FY2023$1.4M
FY2024$1.3M
FY2025$1.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Jan 1992.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $849K Management & general 26% · $298K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Headmaster
$92,750Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Barrett Finnie—————$92,750
Craig Dailey$84,250$73,000$72,500$72,500$72,500—

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 Quitman County Educational Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Operates a school serving students from kindergarten through twelfth grade.

Questions for Quitman County Educational Foundation INC

Tap to ask. Quitman County Educational Foundation INC sees how many people are interested.

Your first name shows with your question. Quitman County Educational Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $849K · in their own filed words · FY2019
01

Delta academy, quitman county educational foundation, inc., established and continues to administer and operate delta academy, a school, grades k=3 through 12> accredited by the mississippi association of independent schools.

$849Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$747K
Ln 12
Fees for servicesLn 2g$750K
Gifts and grantsLn 1h$160K
Investment incomeLn 3$52K
Money outPt IX
$1.1M
Ln 25
Programscol B$849K
Managementcol C$298K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$734K
Total assetsLn 16$1.9M
LiabilitiesLn 26$750K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$160K
Fees for servicesLn 2g$750K
Investment incomeLn 3$52K
Gains on assetsLn 7−$261K
Total revenueLn 12$747K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$627K
Cash and savings togetherLn 1–2$734K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$157K
Other assetsLn 15$125
Total assetsLn 16$1.9M
LiabilitiesLn 26$750K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 540
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$558K$734K
InvestmentsLn 11–13$1.3M$1.0M
Land, buildings, equipmentLn 10c$181K$157K
Total assetsLn 16$2.1M$1.9M
LiabilitiesLn 26$520K$750K
Net assetsLn 32$1.6M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Other salaries and wagesLn 7$772K$638K$133K
Pension plan contributionsLn 8$12K$12K
Payroll taxesLn 10$60K$50K$10K
Accounting feesLn 11c$29K$29K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$7K$7K
Payments to affiliatesLn 21$4K$4K
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$141K$88K$53K
All other expensesLn 24e$61K$56K$5K
Total functional expensesLn 25$1.1M$849K$298K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.2M−$20K$1.3M 990 PDF
FY2024 $1.2M$1.3M−$84K$1.3M 990 PDF
FY2023 $1.3M$1.2M$80K$1.4M 990 PDF
FY2022 $1.0M$1.2M−$167K$1.1M 990 PDF
FY2021 $867K$1.1M−$214K$1.1M 990 PDF
FY2020 Viewing $747K$1.1M−$400K$1.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $747,037 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $188,779$160,069
I-9 Program service revenuePrior year $860,963$749,739
I-10 Investment incomePrior year $134,837−$209,174
I-11 Other revenuePrior year $39,250$46,403
I-12 Total revenuePrior year $1,223,829$747,037
I-13 Grants and similar amounts paidPrior year $2,000$2,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $828,996$843,622
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $426,637$301,210
I-18 Total expensesPrior year $1,257,633$1,146,832
I-19 Revenue less expensesPrior year −$33,804−$399,795
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $747,037 across 7 lines filed
VIII-1f All other contributions, gifts and grants$160,069
VIII-1h Total contributions, gifts and grants$160,069
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $749,739$749,739
VIII-3 Investment incomeRelated to mission $51,792$51,792
VIII-7 Net gain or loss on sales of assetsRelated to mission −$260,966−$260,966
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $46,403$46,403
VIII-12 Total revenueRelated to mission $586,968 · Unrelated business $0 · Excluded from tax $0$747,037
Part IX · Statement of functional expenses $1,146,832 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000$2,000
IX-7 Other salaries and wagesPrograms $638,482 · Management $133,259$771,741
IX-8 Pension plan contributionsPrograms $11,802$11,802
IX-10 Payroll taxesPrograms $49,885 · Management $10,194$60,079
IX-11c Accounting feesManagement $29,250$29,250
IX-11g Other fees for servicesManagement $1,328$1,328
IX-12 Advertising and promotionManagement $1,181$1,181
IX-13 Office expensesManagement $7,136$7,136
IX-21 Payments to affiliatesPrograms $3,640$3,640
IX-22 Depreciation, depletion and amortizationManagement $25,789$25,789
IX-23 InsuranceManagement $30,764$30,764
IX-24 Other expenses (24a–d)Programs $87,503 · Management $53,485$140,988
IX-24e All other expensesPrograms $55,688 · Management $5,446$61,134
IX-25 Total functional expensesPrograms $849,000 · Management $297,832 · Fundraising $0$1,146,832
Part X · Balance sheet $1,926,839 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year −$5,524$106,980
X-2 Savings and temporary cash investmentsStart of year $563,553$627,483
X-4 Accounts receivableStart of year $25,869$30,584
X-10c Land, buildings and equipment, netStart of year $181,120$156,831
X-12 Other securitiesStart of year $1,330,916$1,004,836
X-15 Other assetsStart of year $125$125
X-16 Total assetsStart of year $2,096,059$1,926,839
X-17 Accounts payable and accrued expensesStart of year $456,406$537,717
X-24 Unsecured notes and loans payable$165,400
X-25 Other liabilitiesStart of year $63,366$47,230
X-26 Total liabilitiesStart of year $519,772$750,347
X-32 Total net assets or fund balancesStart of year $1,576,287$1,176,492
X-33 Total liabilities and net assetsStart of year $2,096,059$1,926,839
Part XI · Reconciliation of net assets $1,176,492 net assets at year end
XI-1 Total revenue$747,037
XI-2 Total expenses$1,146,832
XI-3 Revenue less expenses−$399,795
XI-4 Net assets at start of year$1,576,287
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,176,492

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.