Civic Intelligence

Delta State University Foundation Inc.

990 • Fiscal year 2020 • EIN 64-6034675

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 29, 2021

PO Box 3141 DsuCleveland, MS 38733

(662) 846-4665

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.97x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

5th percentile

-65%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

19th percentile

$135,547

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

28th percentile

0.6%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$39,618,677

Up $237,443 (+0.6%) from 2019

Net Assets

Down

$36,687,264

Down $1,437,094 (-3.8%) from 2019

Liabilities

Up

$2,931,413

Up $1,674,537 (+133%) from 2019

Revenue

Down

$3,017,017

Down $7,565,492 (-71%) from 2019

Expenses

Down

$4,987,170

Down $1,339,335 (-21%) from 2019

Net Income

Down

-$1,970,153

Down $6,226,157 (-146%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $36,011,340Liabilities 2011: $17,946,762Net Assets 2011: $18,064,5782011Assets 2012: $35,295,806Liabilities 2012: $17,013,767Net Assets 2012: $18,282,0392012Assets 2013: $36,911,974Liabilities 2013: $16,813,359Net Assets 2013: $20,098,6152013Assets 2014: $43,416,478Liabilities 2014: $16,631,905Net Assets 2014: $26,784,5732014Assets 2015: $44,331,609Liabilities 2015: $16,332,599Net Assets 2015: $27,999,0102015Assets 2016: $42,110,134Liabilities 2016: $16,184,503Net Assets 2016: $25,925,6312016Assets 2017: $29,754,042Liabilities 2017: $920,465Net Assets 2017: $28,833,5772017Assets 2018: $34,840,288Liabilities 2018: $1,943,609Net Assets 2018: $32,896,6792018Assets 2019: $39,381,234Liabilities 2019: $1,256,876Net Assets 2019: $38,124,3582019Assets 2020: $39,618,677Liabilities 2020: $2,931,413Net Assets 2020: $36,687,2642020Assets 2021: $49,340,185Liabilities 2021: $3,060,850Net Assets 2021: $46,279,3352021Assets 2022: $43,199,593Liabilities 2022: $3,049,123Net Assets 2022: $40,150,4702022Assets 2023: $45,226,639Liabilities 2023: $2,385,525Net Assets 2023: $42,841,1142023Assets 2024: $46,704,338Liabilities 2024: $2,471,984Net Assets 2024: $44,232,3542024Assets 2025: $49,692,506Liabilities 2025: $2,124,887Net Assets 2025: $47,567,6192025

Highlighted filing

2020

Assets$39,618,677
Liabilities$2,931,413
Net Assets$36,687,264

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,077,448Expenses 2011: $3,101,269Net Income 2011: -$23,8212011Revenue 2012: $4,078,799Expenses 2012: $3,641,901Net Income 2012: $436,8982012Revenue 2013: $3,453,309Expenses 2013: $3,591,700Net Income 2013: -$138,3912013Revenue 2014: $8,127,151Expenses 2014: $4,721,645Net Income 2014: $3,405,5062014Revenue 2015: $5,171,909Expenses 2015: $4,718,685Net Income 2015: $453,2242015Revenue 2016: $5,131,978Expenses 2016: $5,819,129Net Income 2016: -$687,1512016Revenue 2017: $5,957,542Expenses 2017: $6,301,853Net Income 2017: -$344,3112017Revenue 2018: $6,763,060Expenses 2018: $5,321,232Net Income 2018: $1,441,8282018Revenue 2019: $10,582,509Expenses 2019: $6,326,505Net Income 2019: $4,256,0042019Revenue 2020: $3,017,017Expenses 2020: $4,987,170Net Income 2020: -$1,970,1532020Revenue 2021: $13,139,400Expenses 2021: $4,607,572Net Income 2021: $8,531,8282021Revenue 2022: $4,479,286Expenses 2022: $5,498,618Net Income 2022: -$1,019,3322022Revenue 2023: $6,575,279Expenses 2023: $6,386,533Net Income 2023: $188,7462023Revenue 2024: $7,657,770Expenses 2024: $6,313,343Net Income 2024: $1,344,4272024Revenue 2025: $10,148,498Expenses 2025: $7,066,829Net Income 2025: $3,081,6692025

Highlighted filing

2020

Revenue$3,017,017
Expenses$4,987,170
Net Income-$1,970,153
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 29, 2021
Return Version
2019v5.0
Gross Receipts
$3,017,017
Mission and Program Overview

Mission

The delta state foundation inc is a private nonprofit organization dedicated to growth, development and enhancement of delta state univ and its faculty, staff and students with special emphasis on academic quality, through solicitation, professional management and prudent disbursement of invested funds and other gifts derived from private sources.

The delta state university foundation was formed to support and promote the academic programs at delta state university. Revenues are primarily derived from public support and investment income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$33,317,428$32,178,109▼ $1,139,319
Pledges and Grants Receivable$5,451,784$4,839,609▼ $612,175
Accounts Receivable-$1,875,932-
Cash and Non-Interest-Bearing Accounts$377,846$483,238▲ $105,392
Land, Buildings, and Equipment, Net$21,285$15,824▼ $5,461
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$39,381,234$39,618,677▲ $237,443
Other Assets Total$212,891$225,965▲ $13,074
Liabilities
Other Liabilities$1,189,807$2,930,230▲ $1,740,423
Accounts Payable and Accrued Expenses$67,069$1,183▼ $65,886
Total Liabilities$1,256,876$2,931,413▲ $1,674,537
Net Assets / Fund Balance
Net Assets With Donor Restrictions$36,797,847$36,063,152▼ $734,695
Net Assets Without Donor Restrictions$1,326,511$624,112▼ $702,399
Total Net Assets Fund Balance$38,124,358$36,687,264▼ $1,437,094
Total Liabilities and Net Assets / Fund Balance$39,381,234$39,618,677▲ $237,443

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,824$67,124$82,948
Buildings-$58,129$58,129

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$25,598,879$1,099,436▲ $423,552$-1,199,773$25,922,094
2018$20,866,152$4,776,737▲ $906,068$-950,078$25,598,879
2017$18,930,430$1,112,727▲ $1,796,895$-973,900$20,866,152
2016$17,386,683$262,566▲ $2,138,109$-856,928$18,930,430
2015$18,267,490$916,572▼ $892,000$-905,379$17,386,683
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick MunroeExecutive DirectorFT-$135,547$135,547
David GladdenCFOFT$49,853-$49,853
Deborah CoxFormer CFO--$48,844$48,844

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,132,100
Program Service Revenue
$0
Investment Income
$745,685
Other Revenue
$139,232
All Other Contributions
$2,132,100
Change in Net Assets
$-1,970,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,017,017
Revenue Not Reported on Form 990
$533,059
Total Revenue per Audited Statements
$3,550,076
Total Revenue per Form 990
$3,017,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,507,231
Grants and Similar Amounts Paid$973,812
Salaries, Compensation, and Employee Benefits$506,127
Total Fundraising Expense$341,188
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$973,812--$973,812
Other Salaries and Wages-$31,806$289,930$321,736
Office Expenses-$185,461-$185,461
Current Officers, Directors, Trustees, and Key Employees-$184,391-$184,391
Other Expenses$3,076,555$63,128$24,958$88,086
Information Technology-$56,748-$56,748
Insurance-$32,020$10,390$42,410
Fees for Services Accounting-$27,103-$27,103
Travel--$15,910$15,910
Advertising-$9,497-$9,497
Depreciation Depletion-$5,461-$5,461
Total Functional Expenses$4,050,367$595,615$341,188$4,987,170

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,987,170
Total Expenses per Audited Statements$4,987,170
Total Expenses per Form 990$4,987,170
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$2,846,825
Accrued Interest Payable$48,404
Property Held in Custody$35,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Delta State University Foundation Inc
EIN
64-6034675
Phone
6628464665
Address
PO BOX 3141 DSU, CLEVELAND, MS 38733

Signing Officer

Name
David Gladden
Title
CFO
Signed
2021-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Munroe
Formed
1967
Legal Domicile
Ms
Voting Board Members
32
Independent Board Members
32
Employees
0
Volunteers
25

Preparer

Firm
Ellis & Hirsberg CPA PLLC
Address
PO Box 400, Clarksdale, MS 38614
Preparer
Sidney Maxey
Phone
6626244332
Supplemental Narrative

Additional Explanations

Chief Financial Officer

Part vi - section b, line 11a - form 990 was reviewed by the chief financial officer prior to filing. Questions were addressed and resolved timely. A final draft version of the return was provided to dsu foundation before filing.part v1-section b, line 12c -annually, a conflict of interest disclosure statement is distributed to it's officers, directors, and key employees for their completion and signatures. Such statements are reviewed by the executive director and cfo and further by the executive committee and the trusteeship committee as nesessary.part vi, section b, line 15 -the executive director is evaluated by the university president and the executive committee using various tools. The executive director is also interviewed by executive committee members who review comparable university administrators' salaries and available industry ranges to determine a recommended salary.the executive director and the finance chair review the cfo's salary & compare it to the salaries of similar university positions and available industry ranges. All salary recommendations are incorporated into annual budgets which are reviewed and approved by the board of directors.part vi - section c, line 19 - the organization's form 990 is available upon request. Governing documents and conflict of interest policies are also available upon request. Financial statements are available for inspection at our primary business location.

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IRS990/Form990PartVIISectionAGrp/PersonNm3TOM JANOUSH
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES T HARVEY
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IRS990/Form990PartVIISectionAGrp/PersonNm12EDWARD KOSSMAN III
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IRS990/Form990PartVIISectionAGrp/PersonNm17WILLIAM C BELL
IRS990/Form990PartVIISectionAGrp/PersonNm18KEN MULLINS JR
IRS990/Form990PartVIISectionAGrp/PersonNm19RICHARD W BYARS
IRS990/Form990PartVIISectionAGrp/PersonNm20RICHARD MYERS JR
IRS990/Form990PartVIISectionAGrp/PersonNm21CHERYL COMANS
IRS990/Form990PartVIISectionAGrp/PersonNm22CASEY D MYRICK
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IRS990/Form990PartVIISectionAGrp/PersonNm24RODNEY SCAIFE
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IRS990/Form990PartVIISectionAGrp/PersonNm27MELISSA FIORANELLI
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IRS990/Form990PartVIISectionAGrp/PersonNm30MARGARET WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm31ALAN HARGETT
IRS990/Form990PartVIISectionAGrp/PersonNm32PEDRO E WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm33BRIAN HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm34BENNIE WRIGHT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2FORMER CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31Director
IRS990/Form990PartVIISectionAGrp/TitleTxt32Director
IRS990/Form990PartVIISectionAGrp/TitleTxt33Director
IRS990/Form990PartVIISectionAGrp/TitleTxt34Director
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$49.7$2.12$47.6$10.1$7.07$3.08
2024Detailed filing. Detailed filing data is available for this year.$46.7$2.47$44.2$7.66$6.31$1.34
2023Detailed filing. Detailed filing data is available for this year.$45.2$2.39$42.8$6.58$6.39$0.19
2022Detailed filing. Detailed filing data is available for this year.$43.2$3.05$40.2$4.48$5.50$1.02
2021Detailed filing. Detailed filing data is available for this year.$49.3$3.06$46.3$13.1$4.61$8.53
2020Detailed filing. Detailed filing data is available for this year.$39.6$2.93$36.7$3.02$4.99$1.97
2019Summary only. Only limited summary data is available for this year.$39.4$1.26$38.1$10.6$6.33$4.26
2018Summary only. Only limited summary data is available for this year.$34.8$1.94$32.9$6.76$5.32$1.44
2017Summary only. Only limited summary data is available for this year.$29.8$0.92$28.8$5.96$6.30$0.34
2016Summary only. Only limited summary data is available for this year.$42.1$16.2$25.9$5.13$5.82$0.69
2015Summary only. Only limited summary data is available for this year.$44.3$16.3$28.0$5.17$4.72$0.45
2014Summary only. Only limited summary data is available for this year.$43.4$16.6$26.8$8.13$4.72$3.41
2013Summary only. Only limited summary data is available for this year.$36.9$16.8$20.1$3.45$3.59$0.14
2012Summary only. Only limited summary data is available for this year.$35.3$17.0$18.3$4.08$3.64$0.44
2011Summary only. Only limited summary data is available for this year.$36.0$17.9$18.1$3.08$3.10$0.02