Overview
What is Foundation For The Mid South Inc?
The Foundation for the Mid South Inc, based in Jackson, Mississippi, is a dedicated community development organization that aims to empower local communities by fostering skill development and knowledge acquisition. Their mission is to foster philanthropy and promote racial, social, and economic equity across Arkansas, Louisiana, and Mississippi. Through strategic initiatives, they engage organizations and individuals in community visioning and planning, focusing on areas such as systems and policy changes, coordination of services, literacy and occupational skill development, on-the-job training, career path creation, strengthening workplaces as learning environments, and improving policies. Since 2020, the foundation has spearheaded an effort called TRHT (Truth, Racial Healing, and Transformation) to address historical and contemporary impacts of racism. This initiative involves assembling an advisory board, outreach to communities, data collection, and supporting grassroots organizations to improve livelihoods, among other activities. Additionally, the foundation has developed a re-entry guide for Mississippi, providing essential resources to returning citizens.
Official website here: www.fndmidsouth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%
Foundation For The Mid South Inc has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating reflects the charity's strong governance practices, including a fully independent board of directors and comprehensive policies to manage conflicts of interest and whistleblowing.
The organization demonstrates a commitment to transparency, with all required documents readily available on its website. A notable strength is its program expense ratio, which stands at 74.65%, showing that a significant portion of its funds is directed towards its mission-driven programs rather than administrative costs.
However, while the rating is positive, there may be areas for improvement beyond financial transparency, as the organization continues to develop its outreach and impact strategies. Overall, the data suggests a fiscally responsible organization that is effectively managing its resources for community benefit.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The Mid South Inc legitimate?
Foundation For The Mid South Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Mid South 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: $223,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,153
For more financial information, click here
Official website here: www.fndmidsouth.org
What is the mission statement of Foundation For The Mid South Inc?
The Foundation for the Mid South invests in strategies and individuals that promote racial, social, and economic equity in Arkansas, Louisiana, and Mississippi. Their mission is to build philanthropy in these regions, with a focus on community development. They believe that communities can transform themselves by engaging in the change process, which involves improvements in systems and policies, such as coordination of services, contextualization of literacy and occupational skill development, and strengthening the workplace as a learning place. Since 2020, the foundation has led an effort to engage organizations and individuals in community visioning and planning, focusing on racial healing and transformation. This process includes outreach to communities, data collection, and the awarding of grants to grassroots organizations to support their work in addressing social injustice.
Official website here: www.fndmidsouth.org
Who is the CEO of Foundation For The Mid South Inc?
Gregory Johnson is the Chairman of Foundation For The Mid South Inc.
Official website here: www.fndmidsouth.org
What is the revenue of Foundation For The Mid South Inc?
Foundation For The Mid South Inc's revenue in 2022 was $1,593,028.
Official website here: www.fndmidsouth.org
Who are the executives of Foundation For The Mid South Inc and what are their salaries?
The average compensation at Foundation For The Mid South Inc during 2022 was $60,630. There are 8 employees and 8 volunteers at Foundation For The Mid South Inc.
Here are 9 key members and their salaries:
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- Compensation: $186,692
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- Other: $37,191
Official website here: www.fndmidsouth.org
Where can I find the form 990 for Foundation For The Mid South Inc?
Foundation For The Mid South Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fndmidsouth.org
Learn more at the official website: www.fndmidsouth.org
Mission Statement of Foundation For The Mid South Inc
The Foundation for the Mid South invests in people and strategies that promote racial, social, and economic equity in Arkansas, Louisiana, and Mississippi. Its mission is multifaceted, focusing on building philanthropy and fostering change in these regions. The organization believes that communities can transform themselves when individuals, organizations, and businesses engage in the change process. This belief is reflected in their community development portfolio, which aims to address regional challenges by strengthening systems and policies. The Foundation for the Mid South pursues changes in coordination of services, contextualization of literacy and occupation skill development, on-the-job training, development of career paths, strengthening the workplace to be a learning place, and improving policies.
In addition to community development, the Foundation for the Mid South is also committed to racial healing and transformation. Since 2020, they have been leading an effort to engage organizations and individuals in community visioning and planning, focusing on truth, racial healing, and transformation (TRHT). TRHT is a comprehensive, community-based process that aims to address the historic and contemporary effects of racism. The Foundation for the Mid South supports communities in racial healing, dismantling conscious and unconscious beliefs that limit equal access to quality education, fulfilling employment, safe neighborhoods, equal housing opportunities, and quality health care. They accomplish this by assembling an advisory board, conducting an environmental scan, holding conversations on data collection, developing an interview protocol, and awarding grants to grassroots organizations. These efforts have resulted in community events, healing circles, and the creation of a social science laboratory and digital platform to study and preserve information on social justice and race relations.
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Impact
July, 2024
Foundation For The Mid South Inc's impact includes investing in people and strategies that build philanthropy and promote racial, social, and economic equity in Arkansas, Louisiana, and Mississippi. They believe in community development as a solution to regional challenges by building the skills and knowledge of communities to transform themselves.
Their Community Development portfolio focuses on engaging individuals, organizations, and businesses in creating vibrant places to live, work, and play by pursuing changes in systems and policies, including coordination of services, literacy and occupation skill development, on-the-job training, career path development, workplace learning, and policy improvement.
Since 2020, the Foundation has been leading an effort focused on truth, racial healing, and transformation (TRHT). This includes activities such as assembling an advisory board, conducting an environmental scan, compiling a list of organizations and residents for outreach, collecting data through surveys and interviews, and awarding grants to grassroots organizations and community initiatives that address social injustice.
In addition, the Foundation completed the Re-Entry Guide for Mississippi in 2022, providing essential information and resources for returning citizens to ensure a successful transition back into their communities. Their impact extends beyond just funding initiatives to actively engaging communities, promoting racial healing, and addressing systemic issues to create a more equitable and just society.
This information is meant to be a general summary of Foundation For The Mid South 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: $291,815
- Gross Receipts: $1,593,028
Assets and Liabilities:
- Total Assets: $19,522,565
- Total Liabilities: $3,135,909
- Net Assets: $16,386,656
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Organization Details
Founding Year
1989
Phone
(601) 355-8167Principal Officer
Gregory Johnson
Main Address
134 EAST AMITE STREET, JACKSON, MS, 39201
Website
www.fndmidsouth.orgNTEE Category
Code: S30Z - Community improvement
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