Overview
What is Mississippi Sports Foundation Inc?
Mississippi Sports Foundation Inc is a nonprofit organization situated in Jackson, Mississippi, specifically at 1152 Lakeland Drive. Their primary mission is to safeguard, promote, and preserve Mississippi's extensive sports history while managing the Mississippi Sports Hall of Fame & Museum. The organization achieves this by showcasing the diverse sports legends of Mississippi, regardless of race, gender, or age, through their well-visited museum. During fiscal year 2021, they expanded their reach by digitizing their video library of Mississippi sports actions. Additionally, they recognize exceptional college athletes in various sports and annually induct outstanding Mississippi sports figures into their Hall of Fame. Throughout the year, approximately 13,000 individuals tour the museum, attend seminars, and rent the conference center for events. The Foundation employs a team of 11 dedicated individuals to accomplish these objectives.
Official website here: www.msfame.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Mississippi Sports Foundation Inc has received an 82% rating, reflecting a solid level of accountability and finance management. The organization has demonstrated strong governance with 100% of its board members being independent, and it has passed several financial scrutiny measures, including a clean audit and a favorable liabilities to assets ratio of 4.09%. The program expense ratio also indicates that a significant portion of its budget is allocated to its programs, standing at 68.62%.
Despite these strengths, there are notable areas for improvement. The organization lacks several essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which could enhance its governance framework. Additionally, their tax forms are not readily available on their website, limiting transparency for potential donors and stakeholders.
Overall, while the Mississippi Sports Foundation Inc shows a commitment to accountability through its independent board and financial practices, addressing the missing policies would further strengthen its operational integrity and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi Sports Foundation Inc legitimate?
Mississippi Sports Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi Sports Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,754
For more financial information, click here
Official website here: www.msfame.com
What is the mission statement of Mississippi Sports Foundation Inc?
The Mississippi Sports Foundation Inc's mission is centered around preserving and celebrating Mississippi's rich sports history. They accomplish this by operating the Mississippi Sports Hall of Fame & Museum, which attracts thousands of visitors annually. The organization aims to shine a spotlight on the diverse sports legends that have emerged from Mississippi, regardless of race, sex, or age. Additionally, the Foundation honors outstanding college athletes in various sports and inducts distinguished Mississippi sports figures into its Hall of Fame annually. During fiscal year 2021, the Foundation has been actively digitizing its video library of Mississippi sports action.
Official website here: www.msfame.com
Who is the CEO of Mississippi Sports Foundation Inc?
Bill Blackwell is the Past-President of Mississippi Sports Foundation Inc.
Official website here: www.msfame.com
What is the revenue of Mississippi Sports Foundation Inc?
Mississippi Sports Foundation Inc's revenue in 2022 was $778,648.
Official website here: www.msfame.com
Who are the executives of Mississippi Sports Foundation Inc and what are their salaries?
The average compensation at Mississippi Sports Foundation Inc during 2022 was $26,069. There are 11 employees and 14 volunteers at Mississippi Sports Foundation Inc.
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Official website here: www.msfame.com
Where can I find the form 990 for Mississippi Sports Foundation Inc?
Mississippi Sports Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msfame.com
Learn more at the official website: www.msfame.com
Mission Statement of Mississippi Sports Foundation Inc
Mississippi Sports Foundation Inc, a notable organization, is dedicated to safeguarding, promoting, and preserving Mississippi's rich sports history. This is achieved through the operation of the Mississippi Sports Hall of Fame & Museum. The foundation's mission is to showcase the diverse individuals who have made significant contributions to Mississippi's sports landscape, regardless of race, gender, or age. By providing an insight into these sports legends, the foundation seeks to celebrate and honor their accomplishments.
In addition to its museum operations, Mississippi Sports Foundation Inc recognizes outstanding college athletes in various sports, including football, men's and women's basketball, and baseball, within the state of Mississippi. Each year, the foundation also inducts distinguished Mississippi sports figures into its Hall of Fame. During fiscal year 2021, the foundation has been actively engaged in digitizing its extensive video library of Mississippi sports actions, further preserving its valuable sports heritage. This digital archive serves as a testament to the organization's commitment to protecting and promoting Mississippi's sports history for future generations.
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Impact
July, 2024
Mississippi Sports Foundation Inc has a significant impact on the community by preserving and promoting Mississippi's rich sports history through the operation of the Mississippi Sports Hall of Fame & Museum. Approximately 13,000 individuals visit the museum annually, gaining insights into the achievements of Mississippi's sports legends across various sports and demographics. The foundation also recognizes outstanding college athletes in football, men's and women's basketball, and baseball, as well as inducts exceptional Mississippi sports figures into the Hall of Fame each year. Additionally, the foundation's engagement in digitizing its video library of Mississippi sports action ensures the preservation and accessibility of these valuable historical records. Through these efforts, Mississippi Sports Foundation Inc plays a vital role in celebrating the state's sports heritage and inspiring future generations.
This information is meant to be a general summary of Mississippi Sports Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,351
- Program Service Revenue: $79,432
- Gross Receipts: $1,068,143
Assets and Liabilities:
- Total Assets: $1,470,622
- Total Liabilities: $62,788
- Net Assets: $1,407,834
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENTAL
Revenue
$63,240
MUSEUM ADMISSIONS
Revenue
$16,192
Organization Details
Founding Year
1992
Phone
(601) 982-8264Principal Officer
Bill Blackwell
Main Address
1152 LAKELAND DRIVE, JACKSON, MS, 39216
Website
www.msfame.comNTEE Category
Code: A58I - Arts
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