Tri-State Educational Foundation FY2021 filing

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
$780 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

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
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
$780
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
26 mo
of spending, in cash
Looks good: 25.6 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
$65K
5% of total assets
Looks good: liabilities are 5% 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
$1.5M
+77% vs prior year
Spent
$650K
To programs
79%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$1.5M
FY2021▲ +77%
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
$650K
FY2021▼ -3%
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
$1.3M
FY2021▲ +179%
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 FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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% · $513K Management & general 21% · $135K 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; $780 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$180Pt VII · Sec A
Secretary/Tr
$180Pt VII · Sec A
$180Pt VII · Sec A
$120Pt VII · Sec A
Director
$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 →

On this list? Claim this org

Something off? Claim to add context

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

Tap to ask. Tri-State Educational Foundation sees how many people are interested.

Your first name shows with your question. Tri-State Educational Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $513K · in their own filed words · FY2020
01

The foundation provides funding for educational scholarships and grants.

$513Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Other incomeLn 4–11$1.4M
Gifts and grantsLn 1h$62K
Investment incomeLn 3$370
Money outPt IX
$650K
Ln 25
Programscol B$513K
Managementcol C$135K
Fundraisingcol D$2K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$65K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Government grantsLn 1e$62K
Investment incomeLn 3$370
Other incomeLn 4–11$1.4M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$200
Total assetsLn 16$1.4M
LiabilitiesLn 26$65K
Net assetsLn 32$1.3M
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 FY21End FY21
Cash and savingsLn 1–2$561K$1.4M
Land, buildings, equipmentLn 10c$7K$6K
Total assetsLn 16$572K$1.4M
LiabilitiesLn 26$93K$65K
Net assetsLn 32$479K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$187K$187K
Grants to domestic individualsLn 2$326K$326K
Pay of current officers, directors and key staffLn 5$780$780
Other salaries and wagesLn 7$83K$83K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$5K$5K
Conferences, conventions and meetingsLn 19$898$898
Depreciation, depletion and amortizationLn 22$3K$800$2K
InsuranceLn 23$6K$6K
Total functional expensesLn 25$650K$513K$135K$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
FY2021 ViewingFiled with the IRS Feb 7, 2022 $1.5M$650K$857K$1.3M 990 PDF
FY2020Filed with the IRS Feb 5, 2021 $850K$671K$180K$479K 990 PDF

More to add? Claim this org

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 $1,506,273 revenue, 12 lines filed
I-8 Contributions and grants$62,300
I-9 Program service revenue$0
I-10 Investment incomePrior year $295$370
I-11 Other revenuePrior year $849,988$1,443,603
I-12 Total revenuePrior year $850,283$1,506,273
I-13 Grants and similar amounts paidPrior year $529,420$512,601
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $88,312$91,861
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,789$45,251
I-18 Total expensesPrior year $670,521$649,713
I-19 Revenue less expensesPrior year $179,762$856,560
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 $1,506,273 across 6 lines filed
Lines not itemized here account for $1,433,549 of total revenue; see the IRS return.
VIII-1e Government grants$62,300
VIII-1h Total contributions, gifts and grants$62,300
VIII-3 Investment incomeRelated to mission $370$370
VIII-6 Net rental income or lossRelated to mission $6,000$6,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,054$4,054
VIII-12 Total revenueRelated to mission $607,728 · Unrelated business $836,245$1,506,273
Part IX · Statement of functional expenses $649,713 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $186,678$186,678
IX-2 Grants to domestic individualsPrograms $325,923$325,923
IX-5 Pay of current officers, directors and key staffManagement $780$780
IX-7 Other salaries and wagesManagement $82,717$82,717
IX-10 Payroll taxesManagement $8,364$8,364
IX-11c Accounting feesManagement $8,451$8,451
IX-11g Other fees for servicesManagement $12,035$12,035
IX-12 Advertising and promotionManagement $9,315$9,315
IX-13 Office expensesManagement $5,356$5,356
IX-19 Conferences, conventions and meetingsManagement $898$898
IX-22 Depreciation, depletion and amortizationManagement $800 · Fundraising $2,100$2,900
IX-23 InsuranceManagement $6,296$6,296
IX-25 Total functional expensesPrograms $512,601 · Management $135,012 · Fundraising $2,100$649,713
Part X · Balance sheet $1,400,994 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $561,161$1,387,466
X-9 Prepaid expenses and deferred chargesStart of year $3,146$7,002
X-10c Land, buildings and equipment, netStart of year $7,161$6,326
X-15 Other assetsStart of year $200$200
X-16 Total assetsStart of year $571,668$1,400,994
X-17 Accounts payable and accrued expensesStart of year $71,254$12,600
X-18 Grants payableStart of year $21,250$52,670
X-26 Total liabilitiesStart of year $92,504$65,270
X-27 Net assets without donor restrictionsStart of year $479,164$1,335,724
X-32 Total net assets or fund balancesStart of year $479,164$1,335,724
X-33 Total liabilities and net assetsStart of year $571,668$1,400,994
Part XI · Reconciliation of net assets $1,335,724 net assets at year end
XI-1 Total revenue$1,506,273
XI-2 Total expenses$649,713
XI-3 Revenue less expenses$856,560
XI-4 Net assets at start of year$479,164
XI-10 Net assets at end of year$1,335,724

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.