Marshall County Educational Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 64-0470127)

Revenue by fiscal year
FY2020	$1.5M
FY2021	$1.9M
FY2022	$2.2M
FY2023	$3.6M
FY2024	$2.5M
FY2024	$2.2M

Expenses by fiscal year
FY2020	$1.6M
FY2021	$1.7M
FY2022	$1.9M
FY2023	$2.6M
FY2024	$2.4M
FY2024	$2.2M

Net assets by fiscal year
FY2020	−$34K
FY2021	$171K
FY2022	$459K
FY2023	$1.5M
FY2024	$1.6M
FY2024	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

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

Where the money goes

84 cents of each dollar spent went to programs.

84%

16%

Program services 84% · $1.4M Management & general 16% · $267K

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. Request edit privileges.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Mr Eddie Bain

Vice Preside

$0Pt VII · Sec A

Mr Randy Brock

Director

$0Pt VII · Sec A

Mr Jonathan Burch

Director

$0Pt VII · Sec A

Mr Barry Burleson

Secretary

$0Pt VII · Sec A

Mr David Fant

Director

$0Pt VII · Sec A

Mr Kizer Jones

Director

$0Pt VII · Sec A

Mr Bob Lomenick

Director

$0Pt VII · Sec A

Mr Steve Martin

Director

$0Pt VII · Sec A

See Marshall 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. Request edit privileges.

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

Marshall County Educational Foundation INC is an education nonprofit based in Holly Springs, MS, formed in 1965.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1.4M · in their own filed words · FY2020

01

Private school serving approximately 300 children, grades k-12.

$1.4Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.9M

Ln 12

Fees for servicesLn 2g$1.5M

Gifts and grantsLn 1h$378K

Investment incomeLn 3$246

Money outPt IX

$1.7M

Ln 25

Programscol B$1.4M

Managementcol C$267K

Owns and owesPt X

$171K

net assets · Ln 32

Cash and savingsLn 1–2$475K

Total assetsLn 16$947K

LiabilitiesLn 26$775K

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$378K

Government grantsLn 1e$341K

Fees for servicesLn 2g$1.5M

Investment incomeLn 3$246

Total revenueLn 12$1.9M

Assets in detailPt X, end of year

CashLn 1$465K

SavingsLn 2$10K

Cash and savings togetherLn 1–2$475K

Land, buildings, equipmentLn 10c$405K

Other assetsLn 15$51K

Total assetsLn 16$947K

LiabilitiesLn 26$775K

Net assetsLn 32$171K

OperationsPt I, VI

EmployeesI 563

Fiscal year endsHeaderJune

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$481K	$475K
Land, buildings, equipmentLn 10c	$443K	$405K
Total assetsLn 16	$991K	$947K
LiabilitiesLn 26	$1.0M	$775K
Net assetsLn 32	−$34K	$171K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.1M	$891K	$230K
Pension plan contributionsLn 8	$41K	$32K	$9K
Other employee benefitsLn 9	$42K	$36K	$6K
Payroll taxesLn 10	$87K	$69K	$18K
Accounting feesLn 11c	$3K	$3K
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$18K	$17K	$179
TravelLn 17	$4K		$4K
InterestLn 20	$33K	$33K
Depreciation, depletion and amortizationLn 22	$39K	$39K
InsuranceLn 23	$35K	$35K
Other expenses (24a–d)Ln 24	$203K	$203K
All other expensesLn 24e	$58K	$58K
Total functional expensesLn 25	$1.7M	$1.4M	$267K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$2.5M	$2.4M	$98K	$1.6M	990 PDF
FY2023	$3.6M	$2.6M	$1.0M	$1.5M	990 PDF
FY2022	$2.2M	$1.9M	$288K	$459K	990 PDF
FY2021 Viewing	$1.9M	$1.7M	$205K	$171K	990 PDF
FY2020	$1.5M	$1.6M	−$92K	−$34K	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 FY2021 990 (6 parts)

Part I · Summary $1,892,684 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $15,885$377,619

I-9 Program service revenuePrior year $1,458,494$1,514,819

I-10 Investment incomePrior year $285$246

I-11 Other revenue$0

I-12 Total revenuePrior year $1,474,664$1,892,684

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,246,937$1,290,954

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $319,251$396,812

I-18 Total expensesPrior year $1,566,188$1,687,766

I-19 Revenue less expensesPrior year −$91,524$204,918

Part VI · Governance 14 of 14 board members independent, 4 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $1,892,684 across 6 lines filed

VIII-1e Government grants$340,600

VIII-1f All other contributions, gifts and grants$37,019

VIII-1h Total contributions, gifts and grants$377,619

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,514,819$1,514,819

VIII-3 Investment incomeExcluded from tax $246$246

VIII-12 Total revenueRelated to mission $1,514,819 · Excluded from tax $246$1,892,684

Part IX · Statement of functional expenses $1,687,766 across 13 lines filed

IX-7 Other salaries and wagesPrograms $891,472 · Management $229,698$1,121,170

IX-8 Pension plan contributionsPrograms $32,332 · Management $8,595$40,927

IX-9 Other employee benefitsPrograms $35,665 · Management $6,294$41,959

IX-10 Payroll taxesPrograms $69,326 · Management $17,572$86,898

IX-11c Accounting feesPrograms $3,000$3,000

IX-12 Advertising and promotionPrograms $2,937$2,937

IX-13 Office expensesPrograms $17,380 · Management $179$17,559

IX-17 TravelManagement $4,490$4,490

IX-20 InterestPrograms $33,138$33,138

IX-22 Depreciation, depletion and amortizationPrograms $38,579$38,579

IX-23 InsurancePrograms $35,329$35,329

IX-24 Other expenses (24a–d)Programs $203,466$203,466

IX-24e All other expensesPrograms $58,314$58,314

IX-25 Total functional expensesPrograms $1,420,938 · Management $266,828 · Fundraising $0$1,687,766

Part X · Balance sheet $946,632 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $471,179$465,432

X-2 Savings and temporary cash investmentsStart of year $10,000$10,000

X-4 Accounts receivableStart of year $15,120$15,120

X-10c Land, buildings and equipment, netStart of year $443,459$404,880

X-15 Other assetsStart of year $51,200$51,200

X-16 Total assetsStart of year $990,958$946,632

X-17 Accounts payable and accrued expensesStart of year $151,009$159,071

X-19 Deferred revenueStart of year $77,388$77,388

X-26 Total liabilitiesStart of year $1,024,553$775,309

X-27 Net assets without donor restrictionsStart of year −$90,507$114,411

X-28 Net assets with donor restrictionsStart of year $56,912$56,912

X-32 Total net assets or fund balancesStart of year −$33,595$171,323

X-33 Total liabilities and net assetsStart of year $990,958$946,632

Part XI · Reconciliation of net assets $171,323 net assets at year end

XI-1 Total revenue$1,892,684

XI-2 Total expenses$1,687,766

XI-3 Revenue less expenses$204,918

XI-4 Net assets at start of year−$33,595

XI-10 Net assets at end of year$171,323

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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

Marshall County Educational Foundation INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV