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Macd Endowment Fund INC FY2021 filing

Tax-deductible

Jackson, MS501(c)(3)Since 1945 EIN 64-0709547Revenue $50K in FY2021

On file with the IRSPo Box 23005, 39225-3005 · Jackson, MSTax-exempt since Oct 1985Publicly supported — 509(a)(2)

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Conservation education

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $23K a year · 30% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $779K in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
+1% vs prior year
Spent
$40K
To programs
99%
Net assets
$781K
By yearFY2020–FY2024
Revenue
$50K
FY2021▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$50K
FY2022$38K
FY2024$168K
FY2024$132K
Expenses
$40K
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$44K
FY2021$40K
FY2022$44K
FY2024$86K
FY2024$65K
Net assets
$781K
FY2021▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$771K
FY2021$781K
FY2022$775K
FY2024$947K
FY2024$1.0M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $40K Management & general 1% · $500

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Nick Elmore
President Elect
$0Pt VII · Sec A
Anita Cowan
President
$0Pt VII · Sec A
Hope Daley
Treasurer
$0Pt VII · Sec A
See Macd Endowment Fund INC 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 15aYes

Programs and updates

Macd Endowment Fund INC is a nonprofit based in Jackson, MS, formed in 1945.

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Provided by the organization

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3 programs · $40K · in their own filed words · FY2021
01

Providing matching grants to conservation districts and provide scholarships to college students in natural resource field.

$35Kprogram expense
02

Conservation fair and meetings.

$5Kprogram expense
03

Summer conservation camp for high school students.

$25program expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $25K · 2021–2021
Unitemized GrantFY2021$25,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Investment incomeLn 3$26K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$1K
Money outPt IX
$40K
Ln 25
Programscol B$40K
Managementcol C$500
Owns and owesPt X
$781K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$788K
LiabilitiesLn 26$7K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$21K
Investment incomeLn 3$26K
Other incomeLn 4–11$1K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$779K
Total assetsLn 16$788K
LiabilitiesLn 26$7K
Net assetsLn 32$781K
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3K$6K
InvestmentsLn 11–13$775K$779K
Total assetsLn 16$781K$788K
LiabilitiesLn 26$10K$7K
Net assetsLn 32$771K$781K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$25K$25K
Accounting feesLn 11c$500$500
Investment management feesLn 11f$7K$7K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$40K$40K$500$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $168K$86K$82K$947K 990 PDF
FY2023 Not on file
FY2022 $38K$44K−$6K$775K 990 PDF
FY2021 Viewing $50K$40K$10K$781K 990 PDF
FY2020 $49K$44K$6K$771K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $49,999 revenue, 12 lines filed
I-8 Contributions and grants$1,100
I-9 Program service revenuePrior year $24,313$21,375
I-10 Investment incomePrior year $24,616$26,324
I-11 Other revenuePrior year $400$1,200
I-12 Total revenuePrior year $49,329$49,999
I-13 Grants and similar amounts paid$27,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,673$13,195
I-18 Total expensesPrior year $43,673$40,195
I-19 Revenue less expensesPrior year $5,656$9,804
Part VI · Governance 32 of 32 board members independent, 2 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members32
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $49,999 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,100
VIII-1h Total contributions, gifts and grants$1,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,375$21,375
VIII-3 Investment incomeRelated to mission $26,324$26,324
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,200$1,200
VIII-12 Total revenueRelated to mission $48,899 · Unrelated business $0 · Excluded from tax $0$49,999
Part IX · Statement of functional expenses $40,195 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000$2,000
IX-2 Grants to domestic individualsPrograms $25,000$25,000
IX-11c Accounting feesManagement $500$500
IX-11f Investment management feesPrograms $7,075$7,075
IX-24 Other expenses (24a–d)Programs $5,620$5,620
IX-25 Total functional expensesPrograms $39,695 · Management $500 · Fundraising $0$40,195
Part X · Balance sheet $788,081 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,869$6,424
X-4 Accounts receivableStart of year $3,150$3,150
X-11 Publicly traded securitiesStart of year $775,258$778,507
X-16 Total assetsStart of year $781,277$788,081
X-18 Grants payableStart of year $10,000$7,000
X-26 Total liabilitiesStart of year $10,000$7,000
X-32 Total net assets or fund balancesStart of year $771,277$781,081
X-33 Total liabilities and net assetsStart of year $781,277$788,081
Part XI · Reconciliation of net assets $781,081 net assets at year end
XI-1 Total revenue$49,999
XI-2 Total expenses$40,195
XI-3 Revenue less expenses$9,804
XI-4 Net assets at start of year$771,277
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$781,081

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

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