FOUNDATION FOR THE MID SOUTH INC

FOUNDATION FOR THE MID SOUTH INC

Jackson, MS, US
501(c)3
EIN
72-1151070
Community Foundation
Regional Funder

FOUNDATION FOR THE MID SOUTH INC

Jackson, MS, US
501(c)3
EIN
72-1151070
Community Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$22,414,415

Investments
89%
Cash & Equivalents
7%
Property, Plant, & Equipment (net)
2%
Receivables (Non-Related)
2%
Related-Party Receivables
<1%
Prepaid Expenses
<1%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$934,339

Deferred Revenue
54%
Payables & Accruals
29%
Notes Payable / Debt (Non-Related)
16%
Grants Payable
1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,094,491
$1,548,629
-26%
Receivables (Non-Related)
$654,340
$348,049
-47%
Related-Party Receivables
-
$16,681
-
Inventories
-
-
-
Prepaid Expenses
$86,328
$15,077
-83%
Investments
$19,342,959
$20,020,336
+4%
Property, Plant, & Equipment (net)
$355,354
$465,643
+31%
Other Assets
-
-
-
Total Assets
$22,533,472
$22,414,415
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$128,556
$274,589
+114%
Grants Payable
$4,750
$9,750
+105%
Deferred Revenue
$3,050,724
$500,000
-84%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$150,000
$150,000
+0%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,334,030
$934,339
-72%
Net assets
2023
2024
Change
Restricted Net Assets
$6,279,180
$7,742,418
+23%
Unrestricted Net Assets
$12,920,262
$13,737,658
+6%
Net assets
2023
2024
Change
Net assets
+$19,199,442
+$21,480,076
+12%
Balance Sheet
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