Historic Desoto Foundation: Nonprofit Profile, Financials & Form 990 (EIN 64-0688913)

Revenue by fiscal year
FY2020	$110K
FY2021	$246K
FY2022	$123K
FY2023	$117K
FY2024	$147K
FY2025	$115K

Expenses by fiscal year
FY2020	$89K
FY2021	$116K
FY2022	$109K
FY2023	$112K
FY2024	$125K
FY2025	$118K

Net assets by fiscal year
FY2020	$536K
FY2021	$667K
FY2022	$681K
FY2023	$686K
FY2024	$708K
FY2025	$705K

Historic Desoto Foundation Form 990 (PDF) Claim this org

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Yes

Per the IRS master file.

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Yes — filed FY2025

Legal name (IRS)Hdr · item CHistoric Desoto Foundation

EINHdr · item D64-0688913

Exempt statusHdr · item I501(c)(3) · active

Ruling yearIRS BMFNov 1984

Latest filingForm 990FY2025 · Form 990

Principal addressHdr · item CHernando, MS

NTEE classificationIRS BMFNonprofit

WebsiteHdr · item Jdesotomuseum.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

65%

35%

Program services $0.65 Management & general $0.35

Program services65%$77K

Management & general35%$41K

Total functional expensesLn 25$118K

Finances

Money in and out, what it owns and owes

Spent on programs

65%

of spending reaches programs▲ +0.9% vs prior filing year

Months of spending covered by cash

40.5mo

months of spending covered by cash and easy-to-sell investments▲ +7% vs prior filing year

Surplus or deficit

-3%

as % of revenue, this year▼ -119% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990

Total assets

$709K

FY2025-0.4%

Total assets by fiscal year
FY2020	$538K
FY2021	$693K
FY2022	$685K
FY2023	$690K
FY2024	$713K
FY2025	$709K

Total liabilities

$5K

FY2025▲ +5%

Total liabilities by fiscal year
FY2020	$1K
FY2021	$25K
FY2022	$4K
FY2023	$4K
FY2024	$4K
FY2025	$5K

Revenue less expensesPt I · Ln 19−$3K

Total assetsPt X · Ln 16$709K

Spent on programsPt IX · col B65%

Voting members of governing bodyPt I · Ln 39

Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year

CashLn 1$399K

Total assetsLn 16$709K

Total liabilitiesLn 26$5K

Total net assetsLn 32$705K

Months of cash on handcomputed40.5

Statement of Revenue

Part VIII

Contributions & grants$76K · 66%

Other revenue$28K · 24%

Investment income$10K · 9%

Program service revenue$909 · 1%

Contributions & grants66%$76K

Other revenue24%$28K

Investment income9%$10K

Program service revenue1%$909

— government grantsLn 1e$56K

Total revenueLn 12$115K

Money in detail

Form 990 · FY2025 · each figure shown with the dollars behind it

Cash and giving out

Months of spending covered by cash

Cash and easy-to-sell investments $399K · Operating expenses/yr $118K

40.5 months

Where the money goes

Program services

Program services $77K · Total expenses $118K

65%

Management & General

Management & general $41K · Total expenses $118K

35%

Fundraising

Fundraising $0 · Total expenses $118K

Cost to raise $1

Fundraising expense (3-yr avg) $308 · Solicited contributions (3-yr avg) $29K

$0.01 to raise $1 (3-yr avg)

Where the money comes from

Contribution dependence

Contributions & grants $76K · Total revenue $115K

66%

Government reliance

Government grants $56K · Total revenue $115K

49%

Earned-income share

Program service revenue $909 · Total revenue $115K

0.8%

Investment reliance

Investment income $10K · Total revenue $115K

+9%

Program self-sufficiency

Program service revenue $909 · Total expenses $118K

0.8%

Growth & trend

Revenue change from last year

This year $115K · Prior year $147K

-22%

Revenue, average yearly change over 5 years

FY2020 $110K · FY2025 $115K

+0.9%

Net assets change over the year

End of year $705K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus or deficit, as % of revenue

Revenue $115K · Expenses $118K

-3%

Debts compared to what it owns

Total liabilities — · Total assets $709K

—

Net assets compared to what it owns

Net assets $705K · Total assets $709K

99%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $709K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual William a Brown · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $118K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $118K

58%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Spent on programs	65%	—	—
Spent on management, % of spending	35%	—	—
Fundraising cost, % of gifts	0%	—	—
Revenue growth	-22%	—	—
Accounting fees, % of spending	1%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

William a Brown

Director

$0Pt VII · Sec A

Eddie Burks

Director

$0Pt VII · Sec A

Keith Hawkins

Director

$0Pt VII · Sec A

Jonathan Hooker

Director

$0Pt VII · Sec A

Leslie-Burl McLemore

Director

$0Pt VII · Sec A

Kim Terrell

Director

$0Pt VII · Sec A

Trish Toomey

Director

$0Pt VII · Sec A

Barry Bouchillon

Vice Preside

$0Pt VII · Sec A

See Historic Desoto Foundation executive salaries →

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Governance & Policies

Part VI

9Voting board membersPt VI · Ln 1a
9Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
Top official’s pay independently reviewedPt VI · Ln 15aNo
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Maintains a museum dedicated to the history of DeSoto County.

Provided by the organization

This section is blank until Historic Desoto Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $76K of program spending, described in the organization's own filed words · FY2025.

Showcase artifacts and exhibits featuring the history of desoto county, mississippi from 1541 to present.

$76Kprogram expense

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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 · FY2024

Community Foundation of Northwest Mississippi INCFY2024$15K

Total grants receivedfrom 1 funder$15K

Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2025 Latest Viewing	$115K	$118K	-22%	990 PDF
FY2024	$147K	$125K	+26%	990 PDF
FY2023	$117K	$112K	-5%	990 PDF
FY2022	$123K	$109K	-50%	990 PDF
FY2021	$246K	$116K	+125%	990 PDF
FY2020	$110K	$89K		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

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.

Part VIII · Statement of revenue $114,911 across 8 lines filed

VIII-1b Membership dues$1,300

VIII-1e Government grants$56,381

VIII-1f All other contributions, gifts and grants$18,345

VIII-1h Total contributions, gifts and grants$76,026

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $909$909

VIII-3 Investment incomeRelated to mission $10,476$10,476

VIII-6 Net rental income or lossRelated to mission $27,500$27,500

VIII-12 Total revenueRelated to mission $38,885$114,911

Part IX · Statement of functional expenses $118,258 across 10 lines filed

IX-7 Other salaries and wagesPrograms $63,400$63,400

IX-10 Payroll taxesPrograms $4,850$4,850

IX-11c Accounting feesManagement $1,450$1,450

IX-12 Advertising and promotionManagement $60$60

IX-13 Office expensesManagement $1,333$1,333

IX-16 OccupancyManagement $11,574$11,574

IX-22 Depreciation, depletion and amortizationPrograms $1,216 · Management $11,596$12,812

IX-23 InsuranceManagement $15,001$15,001

IX-24 Other expenses (24a–d)Programs $5,640$5,640

IX-24e All other expensesPrograms $2,085 · Management $53$2,138

IX-25 Total functional expensesPrograms $77,191 · Management $41,067 · Fundraising $0$118,258

Part X · Balance sheet $709,361 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $393,170$399,130

X-4 Accounts receivableStart of year $84,530$77,530

X-10c Land, buildings and equipment, netStart of year $234,805$232,701

X-16 Total assetsStart of year $712,505$709,361

X-25 Other liabilitiesStart of year $4,385$4,588

X-26 Total liabilitiesStart of year $4,385$4,588

X-27 Net assets without donor restrictionsStart of year $708,120$704,773

X-32 Total net assets or fund balancesStart of year $708,120$704,773

X-33 Total liabilities and net assetsStart of year $712,505$709,361

Part XI · Reconciliation of net assets $704,773 net assets at year end

XI-1 Total revenue$114,911

XI-2 Total expenses$118,258

XI-3 Revenue less expenses−$3,347

XI-4 Net assets at start of year$708,120

XI-10 Net assets at end of year$704,773

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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Historic Desoto Foundation

Before you give

Status and standing

Where the money goes

Statement of Functional Expenses

Finances

Summary of the Filing

Balance Sheet

Statement of Revenue

Money in detail

Leadership and pay

Officers, Directors & Key Employees

Governance & Policies

Mission and programs

Where the work happens

Funders

Grants

Filing history

Schedules filed Part IV

Full filing: Form 990 for FY2025

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Sources