M B Swayze Educational Foundation

Tax-deductible

Jackson, MS501(c)(3)EIN 64-0602140Revenue $416K in FY2025

On file with the IRSmsmec.comPo Box 23276, 39225-3276 · Jackson, MSTax-exempt since Jun 1979Publicly supported — 509(a)(2)

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

To encourage support for quality education in mississippi; to identify, educate, and motivate leaders who can make a significant contribution to the development of mississippi; and to conduct independent public policy research on issues such as taxation , economic development, competitiveness, education, governmental accountability , and other matters.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$21K 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

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
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $116K a year · 32% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $206K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
×13 of total assets
Concern: liabilities are 1300% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$416K
-5% vs prior year
Spent
$408K
To programs
95%
Net assets
−$2.1M
By yearFY2020–FY2025
Revenue
$416K
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$354K
FY2021$282K
FY2022$215K
FY2023$434K
FY2024$438K
FY2025$416K
Expenses
$408K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$510K
FY2021$375K
FY2022$450K
FY2023$649K
FY2024$440K
FY2025$408K
Net assets
−$2.1M
FY2025+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.5M
FY2021−$1.7M
FY2022−$1.9M
FY2023−$2.1M
FY2024−$2.1M
FY2025−$2.1M

From the FY2025 Form 990 (year ending April 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1979.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $388K Management & general 4% · $15K Fundraising 1% · $6K

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

17 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President &
$15,478Pt VII · Sec A
$5,639Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cathy Northington—$96,311$91,144$88,298$86,473$85,898
Vickie Powell——$53,823$51,157$49,522$48,911
John S Waller$15,478$16,338$14,864$14,884$13,252$15,152
Danielle Williams$5,639—————

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 M B Swayze Educational Foundation 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 15aYes

Programs and updates

Promotes quality education and develops leaders through policy research for Mississippi's growth.

Questions for M B Swayze Educational Foundation

Tap to ask. M B Swayze Educational Foundation sees how many people are interested.

Your first name shows with your question. M B Swayze Educational Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $388K · in their own filed words · FY2024
01

Leadership mississippi-training of business leaders for future service to mississippi.

$256Kprogram expense
02

Public policy research- one of the organization's missions is to conduct indeprendent public policy research on issues related to economic development. During the current year, the focus was on the establishment of a single, non-profit organization to focus on the needs of mississippi businesses and economic development.

$132Kprogram expense

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
See all 3 funders →
Grants paid · 7 grants · $379K · 2019–2023
Unitemized GrantFY2022$31,000
Unitemized GrantFY2021$26,500
Unitemized GrantFY2020$35,500
Unitemized GrantFY2019$32,793
Unitemized GrantFY2019$30,500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$416K
Ln 12
Gifts and grantsLn 1h$258K
Fees for servicesLn 2g$158K
Investment incomeLn 3$429
Money outPt IX
$408K
Ln 25
Programscol B$388K
Managementcol C$15K
Fundraisingcol D$6K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$188K
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$258K
Fees for servicesLn 2g$158K
Investment incomeLn 3$429
Total revenueLn 12$416K
Assets in detailPt X, end of year
CashLn 1$178K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$188K
Total assetsLn 16$188K
LiabilitiesLn 26$2.3M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderApril
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 FY25End FY25
Cash and savingsLn 1–2$159K$188K
Total assetsLn 16$239K$188K
LiabilitiesLn 26$2.4M$2.3M
Net assetsLn 32−$2.1M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$17K$12K$4K
Other salaries and wagesLn 7$7K$7K
Pension plan contributionsLn 8$379$379
Other employee benefitsLn 9$412$412
Payroll taxesLn 10$1K$597$517$199
Accounting feesLn 11c$11K$10K$799$433
Other fees for servicesLn 11g$199K$199K
Advertising and promotionLn 12$3K$3K$215$117
Office expensesLn 13$12K$7K$5K$308
Information technologyLn 14$2K$2K$176$95
OccupancyLn 16$4K$4K$321$174
Conferences, conventions and meetingsLn 19$149K$149K
InsuranceLn 23$2K$2K$128$69
Total functional expensesLn 25$408K$388K$15K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $416K$408K$8K−$2.1M 990 PDF
FY2024 $438K$440K−$2K−$2.1M 990 PDF
FY2023 $434K$649K−$215K−$2.1M 990 PDF
FY2022 $215K$450K−$234K−$1.9M 990 PDF
FY2021 $282K$375K−$93K−$1.7M 990 PDF
FY2020 $354K$510K−$157K−$1.5M 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 FY2025 990 (6 parts)
Part I · Summary $416,072 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $298,869$258,000
I-9 Program service revenuePrior year $138,920$157,643
I-10 Investment incomePrior year $5$429
I-11 Other revenue$0
I-12 Total revenuePrior year $437,794$416,072
I-13 Grants and similar amounts paidPrior year $85,674$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $125,059$25,527
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $229,299$382,915
I-18 Total expensesPrior year $440,032$408,442
I-19 Revenue less expensesPrior year −$2,238$7,630
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $416,072 across 5 lines filed
VIII-1f All other contributions, gifts and grants$258,000
VIII-1h Total contributions, gifts and grants$258,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $157,643$157,643
VIII-3 Investment incomeExcluded from tax $429$429
VIII-12 Total revenueRelated to mission $157,643 · Excluded from tax $429$416,072
Part IX · Statement of functional expenses $408,442 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $12,500 · Fundraising $4,167$16,667
IX-7 Other salaries and wagesManagement $6,756$6,756
IX-8 Pension plan contributionsManagement $379$379
IX-9 Other employee benefitsManagement $412$412
IX-10 Payroll taxesPrograms $597 · Management $517 · Fundraising $199$1,313
IX-11c Accounting feesPrograms $9,621 · Management $799 · Fundraising $433$10,853
IX-11g Other fees for servicesPrograms $199,073$199,073
IX-12 Advertising and promotionPrograms $2,593 · Management $215 · Fundraising $117$2,925
IX-13 Office expensesPrograms $6,842 · Management $5,263 · Fundraising $308$12,413
IX-14 Information technologyPrograms $2,119 · Management $176 · Fundraising $95$2,390
IX-16 OccupancyPrograms $3,868 · Management $321 · Fundraising $174$4,363
IX-19 Conferences, conventions and meetingsPrograms $149,160$149,160
IX-23 InsurancePrograms $1,541 · Management $128 · Fundraising $69$1,738
IX-25 Total functional expensesPrograms $387,914 · Management $14,966 · Fundraising $5,562$408,442
Part X · Balance sheet $188,391 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $148,524$177,731
X-2 Savings and temporary cash investmentsStart of year $10,232$10,660
X-16 Total assetsStart of year $239,400$188,391
X-17 Accounts payable and accrued expensesStart of year $31,382$30,135
X-19 Deferred revenueStart of year $103,600$115,672
X-25 Other liabilitiesStart of year $2,219,952$2,150,488
X-26 Total liabilitiesStart of year $2,354,934$2,296,295
X-27 Net assets without donor restrictionsStart of year −$2,143,179−$2,236,476
X-28 Net assets with donor restrictionsStart of year $27,645$128,572
X-32 Total net assets or fund balancesStart of year −$2,115,534−$2,107,904
X-33 Total liabilities and net assetsStart of year $239,400$188,391
Part XI · Reconciliation of net assets −$2,107,904 net assets at year end
XI-1 Total revenue$416,072
XI-2 Total expenses$408,442
XI-3 Revenue less expenses$7,630
XI-4 Net assets at start of year−$2,115,534
XI-10 Net assets at end of year−$2,107,904

Form 990 e-file (XML) FY2025 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.