Overview
What is Mississippi Bar Foundation Inc?
Mississippi Bar Foundation Inc is a nonprofit organization based in Jackson, Mississippi. Their primary mission is to enhance the administration of justice by supporting legal services for the underprivileged and needy. Through the Interest on Lawyers' Trust Account (IOLTA) program, they grant funds to organizations in categories such as legal aid, law-related education, and justice improvements. The IOLTA program also assists law school graduates pursuing careers in public interest by providing loan repayment assistance. Furthermore, the foundation established Kids' Chance of Mississippi, Inc., providing scholarships to children whose parents were permanently disabled on the job. The Mississippi Bar Foundation Inc also provides grants for health and wellness sponsorships and court reporting programs.
Official website here: www.msbar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Mississippi Bar Foundation Inc has earned an impressive four-star rating from Charity Navigator, reflecting a high level of accountability and finance management. The foundation's overall score is based entirely on its strong accountability and finance metrics, highlighting its commitment to ethical governance and financial transparency. With a score of 96%, it demonstrates effective fiscal health, which is crucial for donor trust.
One of the organization's notable strengths is its entirely independent board, which consists of 20 members, all of whom are committed to upholding the integrity of the foundation. The foundation's financial practices are commendable, with no material diversion of assets reported and a robust audit and oversight committee in place. Additionally, its strong program expense ratio of nearly 97% indicates that most funds are directed toward its mission-driven activities.
While the organization shows exemplary financial practices and governance, the summary does not mention specific program outcomes or community impacts. Potential donors might want to look for additional information regarding the foundation's programs to understand how effectively it serves its mission. Overall, the Mississippi Bar Foundation Inc stands out for its financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi Bar Foundation Inc legitimate?
Mississippi Bar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi Bar 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.
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Official website here: www.msbar.org
What is the mission statement of Mississippi Bar Foundation Inc?
The Mississippi Bar Foundation Inc's mission is centered around enhancing the administration of justice. This is achieved by providing support for legal services to the underprivileged and needy individuals. The foundation aims to improve this cause by backing organizations that offer such legal assistance. Furthermore, the foundation strives to boost the efficiency and effectiveness of Mississippi's judiciary through education, training, technological advancements, and recognition of significant contributors to this cause.
Official website here: www.msbar.org
Who is the CEO of Mississippi Bar Foundation Inc?
Vicki R Leggett is the President of Mississippi Bar Foundation Inc.
Official website here: www.msbar.org
What is the revenue of Mississippi Bar Foundation Inc?
Mississippi Bar Foundation Inc's revenue in 2023 was $1,710,934.
Official website here: www.msbar.org
Who are the executives of Mississippi Bar Foundation Inc and what are their salaries?
There 35 volunteers at Mississippi Bar Foundation Inc.
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Official website here: www.msbar.org
Where can I find the form 990 for Mississippi Bar Foundation Inc?
Mississippi Bar Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.msbar.org
Learn more at the official website: www.msbar.org
Mission Statement of Mississippi Bar Foundation Inc
Mississippi Bar Foundation Inc, a nonprofit organization, is committed to enhancing the administration of justice. They aim to achieve this goal by offering support to organizations that provide legal services to the underprivileged and needy. The foundation's mission is multifaceted, extending beyond just offering financial assistance. They strive to improve the efficiency and effectiveness of Mississippi's judiciary through education, training, technological advancements, and recognizing significant contributors to this cause. By doing so, they aim to ensure that justice is administered fairly and effectively, benefiting those who are often unable to advocate for themselves in the legal system.
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Impact
July, 2024
Mississippi Bar Foundation Inc's impact is significant in improving the administration of justice by providing support for legal services to the poor and needy. Through their Interest on Lawyers Trust Account (IOLTA) program, the foundation has given grants totaling $150,000 to nine organizations in categories such as legal aid to the poor, law-related education, and improvements in the administration of justice. The IOLTA program also provides funding to the Loan Repayment Assistance Program (LRAP), assisting law school graduates in pursuing careers in public interest and serving underserved populations with direct legal services. Additionally, the foundation established Kids' Chance of Mississippi, Inc., providing scholarships to children of parents permanently and totally disabled on the job for vocational/technical school or college. The foundation's efforts extend to supporting health and wellness initiatives, court reporting programs, and recognizing significant contributors to improving Mississippi's judiciary. Through their mission to support organizations providing legal services to the disadvantaged and enhance judicial efficiency through various means, Mississippi Bar Foundation Inc positively impacts the legal landscape in the state.
This information is meant to be a general summary of Mississippi Bar 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 2023.
- Investment Income: $37,300
- Program Service Revenue: $66,250
- Gross Receipts: $1,710,934
Assets and Liabilities:
- Total Assets: $4,808,562
- Total Liabilities: $855,765
- Net Assets: $3,952,797
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FELLOWS REVENUE
Revenue
$66,250
Organization Details
Founding Year
1962
Phone
(601) 948-4471Principal Officer
Vicki R Leggett
Main Address
PO BOX 2168, JACKSON, MS, 392252168
Website
www.msbar.orgNTEE Category
Code: B990 - Education
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