Bacot McCarty Foundation FY2023 filing

Tax-deductible

Pascagoula, MS501(c)(3)EIN 64-0620054Revenue $616K in FY2023

On file with the IRSbacotmccarty.org1502 Jackson Ave, 39567-4351 · Pascagoula, MSTax-exempt since Feb 1979Publicly supported charity — 170(b)(1)(A)(vi)

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The foundation's primary mission is to increase philanthropy by making grants to worthy causes with a continued focus on youth, education and the cultural arts, providing donor services; while promoting and providing leadership in response to the gulf coast region's changing needs.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$96K 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

FY2023 · 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
3 of 6
filings with a surplus
Average surplus $389K a year · 35% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
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
$616K
+40% vs prior year
Spent
$813K
To programs
83%
Net assets
$879K
By yearFY2020–FY2025
Revenue
$616K
FY2023▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$977K
FY2022$440K
FY2023$616K
FY2024$583K
FY2025$3.0M
Expenses
$813K
FY2023▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$520K
FY2021$794K
FY2022$804K
FY2023$813K
FY2024$809K
FY2025$572K
Net assets
$879K
FY2023▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.1M
FY2023$879K
FY2024$653K
FY2025$3.1M

From the FY2023 Form 990 (year ending October 2023) · figures checked against the IRS filing · see the original

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Is it real?

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

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $673K Management & general 10% · $82K Fundraising 7% · $58K

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

18 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Exec. Director
$96,042Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
At Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Todd Trenchard$87,166$60,000$96,042$92,083$93,750$96,250

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 Bacot McCarty Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Grants worthy causes, focusing on youth, education, and arts, while serving donors and leading Gulf Coast change.

Questions for Bacot McCarty Foundation

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Provided by the organization

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1 program · $673K · in their own filed words · FY2022
01

The foundation's primary mission is to increase philanthropy by making grants to worthy causes with a continued focus on youth, education and the cultural arts, providing donor services; while promoting and providing leadership in response to the gulf coast region's changing needs.

$673Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 81 grants · $2.4M · 2020–2024
Various Charitable Orgianzations and Other EntitiesFY2024$287,050
Home of GraceFY2024$15,000
Duchess ClubFY2024$13,000
Rotary Club of GulfportFY2024$10,288
Pascagoula Rotary ClubFY2024$10,171
Dream ProgramFY2024$8,500
Individual RecipientFY2024$8,200
Kiwanis ClubAR · FY2024$7,500
Various Charitable Orgianzations and Other EntitiesFY2023$240,235
Home of GraceFY2023$83,500
Community Care NetworkFY2023$50,000
Resurrection Catholic SchoolsFY2023$37,500
Boys and Girls ClubFY2023$30,000
Catholic Charioty of South MsFY2023$25,000
Rotary ClubPA · FY2023$24,560
Individual RecipientFY2023$12,562
Individual RecipientFY2023$12,000
See all 81 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$616K
Ln 12
Other incomeLn 4–11$391K
Gifts and grantsLn 1h$222K
Investment incomeLn 3$2K
Money outPt IX
$813K
Ln 25
Programscol B$673K
Managementcol C$82K
Fundraisingcol D$58K
Owns and owesPt X
$879K
net assets · Ln 32
Cash and savingsLn 1–2$85K
Total assetsLn 16$894K
LiabilitiesLn 26$16K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$222K
Noncash giftsLn 1g$18K
Investment incomeLn 3$2K
Other incomeLn 4–11$391K
Total revenueLn 12$616K
Assets in detailPt X, end of year
CashLn 1$85K
Cash and savings togetherLn 1–2$85K
InvestmentsLn 11–13$787K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$894K
LiabilitiesLn 26$16K
Net assetsLn 32$879K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderOctober
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
LineStart FY23End FY23
Cash and savingsLn 1–2$129K$85K
InvestmentsLn 11–13$953K$787K
Land, buildings, equipmentLn 10c$22K$22K
Total assetsLn 16$1.1M$894K
LiabilitiesLn 26$28K$16K
Net assetsLn 32$1.1M$879K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$527K$527K
Pay of current officers, directors and key staffLn 5$96K$58K$19K$19K
Other salaries and wagesLn 7$86K$51K$17K$17K
Other employee benefitsLn 9$18K$11K$4K$4K
Payroll taxesLn 10$1K$645$215$215
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$7K$7K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$5K$1K$4K
OccupancyLn 16$29K$17K$9K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$20K$7K$6K$8K
All other expensesLn 24e$616$270$256$90
Total functional expensesLn 25$813K$673K$82K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.0M$572K$2.4M$3.1M 990 PDF
FY2024 $583K$809K−$226K$653K 990 PDF
FY2023 Viewing $616K$813K−$197K$879K 990 PDF
FY2022 $440K$804K−$364K$1.1M 990 PDF
FY2021 $977K$794K$183K$1.4M 990 PDF
FY2020 $1.0M$520K$493K$1.3M 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
See the full FY2023 990 (6 parts)
Part I · Summary $615,646 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $309,676$221,923
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,506$2,459
I-11 Other revenuePrior year $111,714$391,264
I-12 Total revenuePrior year $439,896$615,646
I-13 Grants and similar amounts paidPrior year $544,362$527,006
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $158,595$201,110
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $100,792$84,736
I-18 Total expensesPrior year $803,749$812,852
I-19 Revenue less expensesPrior year −$363,853−$197,206
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $615,646 across 7 lines filed
VIII-1f All other contributions, gifts and grants$221,923
VIII-1g Noncash contributions (included above)$18,000
VIII-1h Total contributions, gifts and grants$221,923
VIII-3 Investment incomeRelated to mission $2,459$2,459
VIII-8 Net income from fundraising eventsExcluded from tax $351,721$351,721
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,543$39,543
VIII-12 Total revenueRelated to mission $42,002 · Unrelated business $0 · Excluded from tax $351,721$615,646
Part IX · Statement of functional expenses $812,852 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $527,006$527,006
IX-5 Pay of current officers, directors and key staffPrograms $57,626 · Management $19,208 · Fundraising $19,208$96,042
IX-7 Other salaries and wagesPrograms $51,353 · Management $17,128 · Fundraising $17,128$85,609
IX-9 Other employee benefitsPrograms $11,030 · Management $3,677 · Fundraising $3,677$18,384
IX-10 Payroll taxesPrograms $645 · Management $215 · Fundraising $215$1,075
IX-11c Accounting feesManagement $13,150$13,150
IX-11f Investment management feesManagement $7,238$7,238
IX-12 Advertising and promotionFundraising $7,341$7,341
IX-13 Office expensesPrograms $1,087 · Management $4,347$5,434
IX-16 OccupancyPrograms $16,928 · Management $8,851 · Fundraising $3,033$28,812
IX-23 InsuranceManagement $1,733$1,733
IX-24 Other expenses (24a–d)Programs $6,709 · Management $5,911 · Fundraising $7,792$20,412
IX-24e All other expensesPrograms $270 · Management $256 · Fundraising $90$616
IX-25 Total functional expensesPrograms $672,654 · Management $81,714 · Fundraising $58,484$812,852
Part X · Balance sheet $894,280 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $128,934$85,101
X-10c Land, buildings and equipment, netStart of year $22,000$22,000
X-12 Other securitiesStart of year $952,910$787,179
X-16 Total assetsStart of year $1,103,844$894,280
X-17 Accounts payable and accrued expensesStart of year $12,881$10,524
X-19 Deferred revenueStart of year $15,000$5,000
X-26 Total liabilitiesStart of year $27,881$15,524
X-27 Net assets without donor restrictionsStart of year $108,839$99,848
X-28 Net assets with donor restrictionsStart of year $967,124$778,908
X-32 Total net assets or fund balancesStart of year $1,075,963$878,756
X-33 Total liabilities and net assetsStart of year $1,103,844$894,280
Part XI · Reconciliation of net assets $878,756 net assets at year end
XI-1 Total revenue$615,646
XI-2 Total expenses$812,852
XI-3 Revenue less expenses−$197,206
XI-4 Net assets at start of year$1,075,963
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$878,756

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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