Tupelo School District Learning Foundation: FY2024 Nonprofit Profile & Form 990 (EIN 64-0804448)

Revenue by fiscal year
FY2021	$75K
FY2023	−$20K
FY2024	$2.4M
FY2025	$133K

Expenses by fiscal year
FY2021	$186K
FY2023	$72K
FY2024	$87K
FY2025	$67K

Net assets by fiscal year
FY2021	$1.4M
FY2023	$1.3M
FY2024	$3.6M
FY2025	$3.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1992.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $87K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Hope Huey

Trustee

$0Pt VII · Sec A

Sherry Davis

Vice President

$0Pt VII · Sec A

Rob Picou

Secretary

$0Pt VII · Sec A

Joseph Babb

Trustee

$0Pt VII · Sec A

Amy Tate

Trustee

$0Pt VII · Sec A

Paul Mize III

President

$0Pt VII · Sec A

See Tupelo School District Learning 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

Improves education quality for Tupelo Public School District students.

Provided by the organization

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1 program service account for $87K of program spending, described in the organization's own filed words · FY2023.

01

Educational Enhancement Expense

Educational Conferences, Seminars, and Worksops to enhance the quality of education in the Tupelo Public School District

$87Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.4M

Ln 12

Investment incomeLn 3$2.4M

Gifts and grantsLn 1h$35K

Money outPt IX

$87K

Ln 25

Programscol B$87K

Owns and owesPt X

$3.6M

net assets · Ln 32

Cash and savingsLn 1–2$3.7M

Total assetsLn 16$3.7M

LiabilitiesLn 26$29K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$35K

Investment incomeLn 3$2.4M

Gains on assetsLn 7$2.4M

Total revenueLn 12$2.4M

Assets in detailPt X, end of year

CashLn 1$3.7M

Cash and savings togetherLn 1–2$3.7M

Total assetsLn 16$3.7M

LiabilitiesLn 26$29K

Net assetsLn 32$3.6M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$456K	$3.7M
Total assetsLn 16	$1.4M	$3.7M
LiabilitiesLn 26	$69K	$29K
Net assetsLn 32	$1.3M	$3.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$50K	$50K
Travel and entertainment for public officialsLn 18	$12K	$12K
Other expenses (24a–d)Ln 24	$26K	$26K
Total functional expensesLn 25	$87K	$87K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$133K	$67K	$67K	$3.7M	990 PDF
FY2024 Viewing	$2.4M	$87K	$2.3M	$3.6M	990 PDF
FY2023	−$20K	$72K	−$92K	$1.3M	990 PDF
FY2022	Not on file
FY2021	$75K	$186K	−$110K	$1.4M	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 FY2024 990 (4 parts)

Part VIII · Statement of revenue $2,391,775 across 6 lines filed

VIII-1f All other contributions, gifts and grants$34,577

VIII-1h Total contributions, gifts and grants$34,577

VIII-3 Investment incomeRelated to mission $1,749$1,749

VIII-6 Net rental income or lossExcluded from tax −$26,738−$26,738

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,382,187$2,382,187

VIII-12 Total revenueRelated to mission $1,749 · Unrelated business $0 · Excluded from tax $2,355,449$2,391,775

Part IX · Statement of functional expenses $87,183 across 3 lines filed

IX-13 Office expensesPrograms $49,773$49,773

IX-18 Travel and entertainment for public officialsPrograms $11,634$11,634

IX-24 Other expenses (24a–d)Programs $25,776$25,776

IX-25 Total functional expensesPrograms $87,183 · Management $0 · Fundraising $0$87,183

Part X · Balance sheet $3,656,914 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $455,945$3,656,914

X-16 Total assetsStart of year $1,392,087$3,656,914

X-17 Accounts payable and accrued expensesStart of year $69,244$29,479

X-26 Total liabilitiesStart of year $69,244$29,479

X-27 Net assets without donor restrictionsStart of year $1,322,843$3,627,435

X-32 Total net assets or fund balancesStart of year $1,322,843$3,627,435

X-33 Total liabilities and net assetsStart of year $1,392,087$3,656,914

Part XI · Reconciliation of net assets $3,627,435 net assets at year end

XI-1 Total revenue$2,391,775

XI-2 Total expenses$87,183

XI-3 Revenue less expenses$2,304,592

XI-4 Net assets at start of year$1,322,843

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,627,435

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Tupelo School District Learning Foundation FY2024 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

Educational Enhancement Expense

By the numbers

Filing history

Schedules filed Part IV