Pinebelt Foundation: Nonprofit Profile, Financials & Form 990 (EIN 72-1390352)

Manages donor funds and awards scholarships to support charitable projects and build stronger communities in the Pine Belt region of South Mississippi.

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2 programs · $5.8M · in their own filed words · FY2025

01

Contributions and program service disbursements for charitable purposes.

$5.5Mprogram expense

02

Scholarships. The foundation grants scholarships for students attending institutions of higher education.

$314Kprogram 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 · FY2025

Pinebelt FoundationFY2025$2.5M

John E Morris Testamentary TrustFY2025$63K

United Way of Southeast Mississippi INCFY2025$20K

Total grants receivedfrom 3 funders$2.6M

See all 3 funders →

Grants paid · 547 grants · $25.3M · 2020–2025

Project XMS · FY2025$1,673,767

St John the Baptist Catholic ChurchFY2025$700,000

Unitemized GrantFY2025$314,098

Pearl River Community CollegeFY2025$230,615

Midtown MerchantsMS · FY2025$220,672

Health Insurance Premium AssistanceMS · FY2025$186,557

Laughs 4 LifeMS · FY2025$133,524

Latino Action Foundation INCOK · FY2025$100,000

The Ummc FundFY2025$75,000

International Myeloma FoundationCA · FY2025$75,000

National Association of Secretaries of State INCDC · FY2025$50,000

Friends After 5 FoundationTN · FY2025$50,000

Cancer Patient Travel Assitance FunMS · FY2025$48,500

Samaritans PurseNC · FY2025$45,000

Hub AwardMS · FY2025$42,236

Saint Fabian Catholic ParishMS · FY2025$40,500

Presbyterian Christian SchoolMS · FY2025$40,000

The Family YMCAMS · FY2025$39,336

See all 547 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28.5M

Ln 12

Gifts and grantsLn 1h$26.6M

Investment incomeLn 3$1.8M

Other incomeLn 4–11$39K

Money outPt IX

$6.1M

Ln 25

Programscol B$5.8M

Managementcol C$326K

Fundraisingcol D$48K

Owns and owesPt X

$60.2M

net assets · Ln 32

Cash and savingsLn 1–2$23.5M

Total assetsLn 16$61.9M

LiabilitiesLn 26$1.7M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a22

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$26.6M

Investment incomeLn 3$1.8M

Other incomeLn 4–11$39K

Gains on assetsLn 7$709K

Total revenueLn 12$28.5M

Assets in detailPt X, end of year

CashLn 1$21.6M

SavingsLn 2$1.8M

Cash and savings togetherLn 1–2$23.5M

InvestmentsLn 11–13$37.2M

Land, buildings, equipmentLn 10c$1.2M

Total assetsLn 16$61.9M

LiabilitiesLn 26$1.7M

Net assetsLn 32$60.2M

OperationsPt I, VI

EmployeesI 56

VolunteersI 690

Fiscal year endsHeaderDecember

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 FY25	End FY25
Cash and savingsLn 1–2	$13.5M	$23.5M
InvestmentsLn 11–13	$22.1M	$37.2M
Land, buildings, equipmentLn 10c	$775K	$1.2M
Total assetsLn 16	$36.4M	$61.9M
LiabilitiesLn 26	$1.5M	$1.7M
Net assetsLn 32	$34.9M	$60.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$5.4M	$5.4M
Grants to domestic individualsLn 2	$314K	$314K
Other salaries and wagesLn 7	$289K	$58K	$189K	$42K
Other employee benefitsLn 9	$22K	$7K	$12K	$4K
Payroll taxesLn 10	$22K	$6K	$12K	$3K
Accounting feesLn 11c	$20K		$20K
Other fees for servicesLn 11g	$27K		$27K
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$4K		$4K
OccupancyLn 16	$21K		$21K
TravelLn 17	$2K		$2K
Conferences, conventions and meetingsLn 19	$8K		$8K
Depreciation, depletion and amortizationLn 22	$6K	$60	$6K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$20K		$20K
All other expensesLn 24e	$2K		$2K
Total functional expensesLn 25	$6.1M	$5.8M	$326K	$48K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$28.5M	$6.1M	$22.3M	$60.2M	990 PDF
FY2024	$11.2M	$6.9M	$4.2M	$34.9M	990 PDF
FY2023	$5.6M	$3.3M	$2.3M	$29.7M	990 PDF
FY2022	$11.1M	$5.7M	$5.4M	$25.5M	990 PDF
FY2021	$10.5M	$4.0M	$6.5M	$23.6M	990 PDF
FY2020	$11.3M	$2.2M	$9.1M	$17.1M	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 FY2025 990 (6 parts)

Part I · Summary $28,479,228 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,848,594$26,637,463

I-9 Program service revenue$0

I-10 Investment incomePrior year $1,259,412$1,802,847

I-11 Other revenuePrior year $47,865$38,918

I-12 Total revenuePrior year $11,155,871$28,479,228

I-13 Grants and similar amounts paidPrior year $6,505,378$5,696,706

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $300,586$333,299

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $114,699$113,466

I-18 Total expensesPrior year $6,920,663$6,143,471

I-19 Revenue less expensesPrior year $4,235,208$22,335,757

Part VI · Governance 22 of 22 board members independent, no flags

VI-1a Voting members of the governing body22

VI-1b Independent voting members22

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $28,479,228 across 8 lines filed

VIII-1f All other contributions, gifts and grants$26,637,463

VIII-1h Total contributions, gifts and grants$26,637,463

VIII-3 Investment incomeRelated to mission $1,093,803$1,093,803

VIII-6 Net rental income or lossExcluded from tax $2,166$2,166

VIII-7 Net gain or loss on sales of assetsRelated to mission $310,889 · Excluded from tax $398,155$709,044

VIII-8 Net income from fundraising eventsExcluded from tax −$14,214−$14,214

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $50,966$50,966

VIII-12 Total revenueRelated to mission $1,404,692 · Excluded from tax $437,073$28,479,228

Part IX · Statement of functional expenses $6,143,471 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $5,382,608$5,382,608

IX-2 Grants to domestic individualsPrograms $314,098$314,098

IX-7 Other salaries and wagesPrograms $58,431 · Management $189,171 · Fundraising $41,610$289,212

IX-9 Other employee benefitsPrograms $7,191 · Management $11,553 · Fundraising $3,584$22,328

IX-10 Payroll taxesPrograms $6,437 · Management $12,139 · Fundraising $3,183$21,759

IX-11c Accounting feesManagement $20,500$20,500

IX-11g Other fees for servicesManagement $27,280$27,280

IX-12 Advertising and promotionManagement $1,331$1,331

IX-13 Office expensesManagement $3,652$3,652

IX-16 OccupancyManagement $21,233$21,233

IX-17 TravelManagement $1,928$1,928

IX-19 Conferences, conventions and meetingsManagement $8,145$8,145

IX-22 Depreciation, depletion and amortizationPrograms $60 · Management $5,834$5,894

IX-23 InsuranceManagement $1,237$1,237

IX-24 Other expenses (24a–d)Management $19,829$19,829

IX-24e All other expensesManagement $2,437$2,437

IX-25 Total functional expensesPrograms $5,768,825 · Management $326,269 · Fundraising $48,377$6,143,471

Part X · Balance sheet $61,930,686 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $12,799,715$21,646,351

X-2 Savings and temporary cash investmentsStart of year $735,349$1,816,467

X-3 Pledges and grants receivable$27,500

X-9 Prepaid expenses and deferred chargesStart of year $4,110$4,864

X-10c Land, buildings and equipment, netStart of year $775,264$1,245,573

X-11 Publicly traded securitiesStart of year $22,053,843$37,189,931

X-16 Total assetsStart of year $36,368,281$61,930,686

X-17 Accounts payable and accrued expensesStart of year $25,187$25,081

X-25 Other liabilitiesStart of year $1,491,463$1,659,352

X-26 Total liabilitiesStart of year $1,516,650$1,684,433

X-27 Net assets without donor restrictionsStart of year $2,168,146$2,992,548

X-28 Net assets with donor restrictionsStart of year $32,683,485$57,253,705

X-32 Total net assets or fund balancesStart of year $34,851,631$60,246,253

X-33 Total liabilities and net assetsStart of year $36,368,281$61,930,686

Part XI · Reconciliation of net assets $60,246,253 net assets at year end

XI-1 Total revenue$28,479,228

XI-2 Total expenses$6,143,471

XI-3 Revenue less expenses$22,335,757

XI-4 Net assets at start of year$34,851,631

XI-5 Net unrealized gains (losses) on investments$3,058,865

XI-10 Net assets at end of year$60,246,253

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Pinebelt Foundation

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