Civic Intelligence

Leo W Seal Jr Charitable Trust

EIN 26-6829623 • 501(c)3 • New Orleans, LA

Profile

The purpose of the leo w seal jr charitable trust is to support the mississippi state university foundation. The msu foundation in turn is to distribute the money to the following departments:35% to the athletic department, 25% to the college of business,12.5% to the college of engineering, 12.5% to the college of forest resources, and 15% unrestricted use of msu.

701 Poydras Street Ste 3100New Orleans, LA 70139-7727

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$176,502

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

38th percentile

2.0%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

86%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,463,882

Up $598,334 (+2.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$30,463,882

Up $598,334 (+2.0%) from 2023

Revenue

Up

$1,942,064

Up $896,712 (+86%) from 2023

Expenses

Up

$1,353,957

Up $16,787 (+1.3%) from 2023

Net Income

Up

$588,107

Up $879,925 (+302%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2017: $28,028,911Liabilities 2017: $0Net Assets 2017: $28,028,9112017Assets 2019: $29,228,940Liabilities 2019: $0Net Assets 2019: $29,228,9402019Assets 2020: $30,549,443Liabilities 2020: $0Net Assets 2020: $30,549,4432020Assets 2021: $32,605,297Liabilities 2021: $0Net Assets 2021: $32,605,2972021Assets 2022: $30,165,176Liabilities 2022: $0Net Assets 2022: $30,165,1762022Assets 2023: $29,865,548Liabilities 2023: $0Net Assets 2023: $29,865,5482023Assets 2024: $30,463,882Liabilities 2024: $0Net Assets 2024: $30,463,8822024

Highlighted filing

2024

Assets$30,463,882
Liabilities$0
Net Assets$30,463,882

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2017: $1,395,355Expenses 2017: $1,242,506Net Income 2017: $152,8492017Revenue 2019: $1,782,930Expenses 2019: $1,218,202Net Income 2019: $564,7282019Revenue 2020: $2,645,427Expenses 2020: $1,327,203Net Income 2020: $1,318,2242020Revenue 2021: $3,464,007Expenses 2021: $1,425,215Net Income 2021: $2,038,7922021Revenue 2022: -$922,941Expenses 2022: $1,520,468Net Income 2022: -$2,443,4092022Revenue 2023: $1,045,352Expenses 2023: $1,337,170Net Income 2023: -$291,8182023Revenue 2024: $1,942,064Expenses 2024: $1,353,957Net Income 2024: $588,1072024

Highlighted filing

2024

Revenue$1,942,064
Expenses$1,353,957
Net Income$588,107

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.1
Gross Receipts
$19,663,267
Mission and Program Overview

Mission

The purpose of the leo w seal jr charitable trust is to support the mississippi state university foundation. The msu foundation in turn is to distribute the money to the following departments:35% to the athletic department, 25% to the college of business,12.5% to the college of engineering, 12.5% to the college of forest resources, and 15% unrestricted use of msu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$29,865,548$30,463,882▲ $598,334
Investments in Publicly Traded Securities$28,888,893$29,682,123▲ $793,230
Savings and Temporary Cash Investments$976,655$781,759▼ $194,896
Total Assets$29,865,548$30,463,882▲ $598,334
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,865,548$30,463,882▲ $598,334
Total Liabilities and Net Assets / Fund Balance$29,865,548$30,463,882▲ $598,334
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$176,502$176,502

Board Members and Trustees

NameTitle
-Executive Director of Finance
-VP for Development and Alumni
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,942,064
Other Revenue
$0
Change in Net Assets
$588,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,119,337
Salaries, Compensation, and Employee Benefits$176,501
Other Expenses$58,119
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,119,337--$1,119,337
Current Officers, Directors, Trustees, and Key Employees-$176,501-$176,501
Fees for Service Investment Mgmnt Fees-$44,775-$44,775
All Other Expenses-$12,294-$12,294
Fees for Services Accounting-$1,050-$1,050
Total Functional Expenses$1,119,337$234,620$0$1,353,957
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mississippi State University FoundationMississippi State, MS-To Support Mississippi State University Foundation and in Turn Various Departments of Msu$1,119,337
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Section B, Line 12

Upon request hancock whitney bank will make its conflict of interest policy available to the public.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Hancock whitney bank serves as a trustee and a member of the governing board. The form 990 is prepared and reviewed by the bank's trust tax department.

FORM 990, PAGE 6, PART VI, LINE 15A

Not applicable as the trust has no ceo, executive director or managment official with compensation. Trustee fees are paid and are comenserate with standard fees charged by banks.

FORM 990, PAGE 6, PART VI, LINE 15B

Not applicable as the trust has no other officers or key employees with compensation.

Form 990, Page 6, Part VI, Line 19

Upon request hancock whitney bank will make its conflict of interest policy and financial statement available ot the public.

Form 990, Page 7, Part VII, Section A

Hancock whitney bank trustee

Filing and Contact Details

Filer

Filer Name
Leo W Seal Jr Charitable Trust
EIN
26-6829623
Phone
5045992191
Address
701 POYDRAS STREET STE 3100, NEW ORLEANS, LA 70139-7727

Signing Officer

Name
Hancock Whitney Bank
Title
VP Trust Office
Phone
5045992191
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Ms
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Kpmg Llp
Address
ONE FINANCIAL PLZ STE 2300, PROVIDENCE, RI 02903-2485
Preparer
Lyle J Mohler
Phone
8662974127
Supplemental Narrative

Additional Explanations

LINE 1A AND 1B

Hancock whitney bank, david d easley, and john rush are trustees of the charitable trust.

Line 11

Hancock whitney bank as trustee and as governing body prepares and reviews form 990 annually.

FORM 990, PART I AND PART III - ORGANIZATION'S MISSION

The purpose of the leo w seal jr charitable trust is to support the ms state university foundation. The msu foundation in turn is to distribute the money to the following departments:35% to the athletic department, 25% to the college of business,12.5% to the college of engineering, 12.5% to the college of forest resources, and 15% unrestricted use of msu.

Explanation for Form 990, Part XI, Line 9

Purchase accrued interest $430, mutual fund timing difference $3,476, return of capital adjustments $9,406, and basis adjustment of ($3,085).

Raw XML Appendix311 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR OF FINANCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt028888893
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017721203
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
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IRS990/MissionDesc0THE PURPOSE OF THE LEO W SEAL JR CHARITABLE TRUST IS TO SUPPORT THE MISSISSIPPI STATE UNIVERSITY FOUNDATION. THE MSU FOUNDATION IN TURN IS TO DISTRIBUTE THE MONEY TO THE FOLLOWING DEPARTMENTS:35% TO THE ATHLETIC DEPARTMENT, 25% TO THE COLLEGE OF BUSINESS,12.5% TO THE COLLEGE OF ENGINEERING, 12.5% TO THE COLLEGE OF FOREST RESOURCES, AND 15% UNRESTRICTED USE OF MSU.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT MISSISSIPPI STATE UNIVERSITY FOUNDATION AND IN TURN VARIOUS DEPARTMENTS OF MSU
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MISSISSIPPI STATE UNIVERSITY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0640410581
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 6149
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL INCOME GENERATED IN THIS CHARITABLE TRUST IS TO BE DISTRIBUTED DIRECTLY TO THE MISSISSIPPI STATE UNIVERSITY FOUNDATION. THE FOUNDATION ALLOCATES THE FUNDS TO THE DEPARTMENTS INDICATED IN THE TRUST DOCUMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HANCOCK WHITNEY BANK, DAVID D EASLEY, AND JOHN RUSH ARE TRUSTEES OF THE CHARITABLE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HANCOCK WHITNEY BANK AS TRUSTEE AND AS GOVERNING BODY PREPARES AND REVIEWS FORM 990 ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST HANCOCK WHITNEY BANK WILL MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PURPOSE OF THE LEO W SEAL JR CHARITABLE TRUST IS TO SUPPORT THE MS STATE UNIVERSITY FOUNDATION. THE MSU FOUNDATION IN TURN IS TO DISTRIBUTE THE MONEY TO THE FOLLOWING DEPARTMENTS:35% TO THE ATHLETIC DEPARTMENT, 25% TO THE COLLEGE OF BUSINESS,12.5% TO THE COLLEGE OF ENGINEERING, 12.5% TO THE COLLEGE OF FOREST RESOURCES, AND 15% UNRESTRICTED USE OF MSU.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HANCOCK WHITNEY BANK SERVES AS A TRUSTEE AND A MEMBER OF THE GOVERNING BOARD. THE FORM 990 IS PREPARED AND REVIEWED BY THE BANK'S TRUST TAX DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NOT APPLICABLE AS THE TRUST HAS NO CEO, EXECUTIVE DIRECTOR OR MANAGMENT OFFICIAL WITH COMPENSATION. TRUSTEE FEES ARE PAID AND ARE COMENSERATE WITH STANDARD FEES CHARGED BY BANKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NOT APPLICABLE AS THE TRUST HAS NO OTHER OFFICERS OR KEY EMPLOYEES WITH COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST HANCOCK WHITNEY BANK WILL MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT AVAILABLE OT THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HANCOCK WHITNEY BANK TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PURCHASE ACCRUED INTEREST $430, MUTUAL FUND TIMING DIFFERENCE $3,476, RETURN OF CAPITAL ADJUSTMENTS $9,406, AND BASIS ADJUSTMENT OF ($3,085).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0LINE 1a AND 1b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART I AND PART III - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 7, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt029865548
IRS990/TotalAssetsEOYAmt030463882
IRS990/TotalAssetsGrp/BOYAmt029865548
IRS990/TotalAssetsGrp/EOYAmt030463882
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0234620
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01119337
IRS990/TotalFunctionalExpensesGrp/TotalAmt01353957
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt029865548
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030463882
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01119337
IRS990/TotalReportableCompFromOrgAmt0176502
IRS990/TotalRevenueGrp/ExclusionAmt01942064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01942064
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029865548
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030463882
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0701 POYDRAS ST STE 3200
IRS990/USAddress/CityNm0NEW ORLEANS
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070139
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HANCOCK WHITNEY BANK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP TRUST OFFICE
ReturnHeader/BusinessOfficerGrp/PhoneNum05045992191
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEO W SEAL JR CHARITABLE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LEOW
ReturnHeader/Filer/EIN0266829623
ReturnHeader/Filer/PhoneNum05045992191
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 POYDRAS STREET STE 3100
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd0701397727
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0135565207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KPMG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE FINANCIAL PLZ STE 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PROVIDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0029032485
ReturnHeader/PreparerPersonGrp/PhoneNum08662974127
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYLE J MOHLER
ReturnHeader/ReturnTs02025-05-05T11:01:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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