Tri-State Educational Foundation FY2020 filing

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The Foundation provides funding for Educational scholarships and grants to qualified applicants.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$840 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

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $264K a year · 17% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$840
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$93K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$850K
Spent
$671K
To programs
79%
Net assets
$479K
By yearFY2020–FY2025
Revenue
$850K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$850K
FY2021$1.5M
FY2022$1.8M
FY2023$1.8M
FY2024$1.7M
FY2025$1.5M
Expenses
$671K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$671K
FY2021$650K
FY2022$1.0M
FY2023$1.5M
FY2024$2.0M
FY2025$1.8M
Net assets
$479K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$479K
FY2021$1.3M
FY2022$2.1M
FY2023$2.5M
FY2024$2.2M
FY2025$1.9M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1999.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $529K Management & general 21% · $139K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990; $840 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$180Pt VII · Sec A
Secretary/Tr
$180Pt VII · Sec A
$180Pt VII · Sec A
Director
$180Pt VII · Sec A
$120Pt VII · Sec A

Sara Ellington’s $120 as Director is at the 0th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mary D Lambert$60$120$180$240$180$180
Sara Ellington$120$120$120$240$120$120
Nancy Brown$120$60$240$240$120$180
Bob Ferguson—$120$180$240$180$180
Sylvia Ferguson———$240$180$180
Elizabeth Lovelace$120$120$180———
James Phelps$60—————

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 Tri-State Educational Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds educational scholarships and grants for qualified applicants.

Questions for Tri-State Educational Foundation

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1 program · $529K · in their own filed words · FY2019
01

The foundation provides funding for educational scholarships and grants.

$529Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 57 grants · $6.5M · 2019–2024
Unitemized GrantFY2024$1,207,846
Boys and Girls Club of Ne MsFY2024$60,000
University of Mississippi FoundatioFY2024$30,000
Boys and Girls ClubFY2024$25,000
Tishomingo County School DistrictFY2024$17,930
Mississippi State University FoundaFY2024$15,000
Individual RecipientFY2024$11,123
Biggersville High SchoolFY2024$9,500
Iuka Police DepartmentFY2024$7,120
Unitemized GrantFY2023$1,204,561
Tishomingo County School DistrictFY2023$72,411
Boys and Girls ClubFY2023$50,000
NemccFY2023$43,108
Iuka Fire DepartmentFY2023$26,956
Cherokee Elementary SchoolFY2023$20,118
Alcorn Career and Technology CenterFY2023$13,220
See all 57 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$850K
Ln 12
Other incomeLn 4–11$850K
Investment incomeLn 3$295
Money outPt IX
$671K
Ln 25
Programscol B$529K
Managementcol C$139K
Fundraisingcol D$2K
Owns and owesPt X
$479K
net assets · Ln 32
Cash and savingsLn 1–2$561K
Total assetsLn 16$572K
LiabilitiesLn 26$93K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$295
Other incomeLn 4–11$850K
Total revenueLn 12$850K
Assets in detailPt X, end of year
CashLn 1$561K
Cash and savings togetherLn 1–2$561K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$572K
LiabilitiesLn 26$93K
Net assetsLn 32$479K
OperationsPt I, VI
EmployeesI 518
Fiscal year endsHeaderSeptember
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 FY20End FY20
Cash and savingsLn 1–2$306K$561K
Land, buildings, equipmentLn 10c$10K$7K
Total assetsLn 16$320K$572K
LiabilitiesLn 26$21K$93K
Net assetsLn 32$299K$479K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$495K$495K
Grants to domestic individualsLn 2$34K$34K
Pay of current officers, directors and key staffLn 5$840$840
Other salaries and wagesLn 7$79K$79K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$5K$5K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$3K$712$2K
InsuranceLn 23$7K$7K
Total functional expensesLn 25$671K$529K$139K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 13, 2026 $1.5M$1.8M−$322K$1.9M 990 PDF
FY2024Filed with the IRS Feb 13, 2025 $1.7M$2.0M−$282K$2.2M 990 PDF
FY2023Filed with the IRS Aug 13, 2024 $1.8M$1.5M$345K$2.5M 990 PDF
FY2022Filed with the IRS Feb 15, 2023 $1.8M$1.0M$807K$2.1M 990 PDF
FY2021Filed with the IRS Feb 7, 2022 $1.5M$650K$857K$1.3M 990 PDF
FY2020 ViewingFiled with the IRS Feb 5, 2021 $850K$671K$180K$479K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $850,283 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,212$295
I-11 Other revenuePrior year $681,548$849,988
I-12 Total revenuePrior year $682,760$850,283
I-13 Grants and similar amounts paidPrior year $593,796$529,420
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $85,053$88,312
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,916$52,789
I-18 Total expensesPrior year $731,765$670,521
I-19 Revenue less expensesPrior year −$49,005$179,762
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $850,283 across 4 lines filed
Lines not itemized here account for $842,669 of total revenue; see the IRS return.
VIII-3 Investment incomeRelated to mission $295$295
VIII-6 Net rental income or lossRelated to mission $4,677$4,677
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,642$2,642
VIII-12 Total revenueRelated to mission $296,302 · Unrelated business $553,981$850,283
Part IX · Statement of functional expenses $670,521 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $495,025$495,025
IX-2 Grants to domestic individualsPrograms $34,395$34,395
IX-5 Pay of current officers, directors and key staffManagement $840$840
IX-7 Other salaries and wagesManagement $79,391$79,391
IX-10 Payroll taxesManagement $8,081$8,081
IX-11c Accounting feesManagement $8,900$8,900
IX-11g Other fees for servicesManagement $13,933$13,933
IX-12 Advertising and promotionManagement $14,046$14,046
IX-13 Office expensesManagement $5,292$5,292
IX-19 Conferences, conventions and meetingsManagement $1,056$1,056
IX-22 Depreciation, depletion and amortizationManagement $712 · Fundraising $1,849$2,561
IX-23 InsuranceManagement $7,001$7,001
IX-25 Total functional expensesPrograms $529,420 · Management $139,252 · Fundraising $1,849$670,521
Part X · Balance sheet $571,668 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $306,454$561,161
X-9 Prepaid expenses and deferred chargesStart of year $3,890$3,346
X-10c Land, buildings and equipment, netStart of year $9,722$7,161
X-16 Total assetsStart of year $320,066$571,668
X-17 Accounts payable and accrued expensesStart of year $13,967$71,254
X-18 Grants payableStart of year $6,696$21,250
X-26 Total liabilitiesStart of year $20,663$92,504
X-27 Net assets without donor restrictionsStart of year $299,403$479,164
X-32 Total net assets or fund balancesStart of year $299,403$479,164
X-33 Total liabilities and net assetsStart of year $320,066$571,668
Part XI · Reconciliation of net assets $479,164 net assets at year end
XI-1 Total revenue$850,283
XI-2 Total expenses$670,521
XI-3 Revenue less expenses$179,762
XI-4 Net assets at start of year$299,403
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$479,164

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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