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EIN 72-1370746

Mississippi Power Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Gulfport
State
Mississippi
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Mississippi Power Foundation is a corporate foundation that primarily funds COVID-19 community relief efforts, heritage scholarships, and supports the First Robotics team and 13th annual reconciliation week. The foundation's purpose is to help fund gifts to various nonprofits through earnings from investing. Last year, the foundation made 89 grants.
Total revenues
$4,285,011
2023
Total expenses
$2,785,962
2023
Total assets
$41,453,906
2023
Num. employees
0
2023

Program areas at Mississippi Power Foundation

The earnings from investing help fund gifts to various nonprofits.
The earnings from investing help fund gifts to various nonprofits.
Other income related to earnings from investments to help fund grants

Grants made by Mississippi Power Foundation

GranteeGrant descriptionAmount
United Way of South MississippiMatching Payment Program$385,263
East Central Community College FoundationHeritage Scholarship for Underprivileged Students$109,500
Mississippi State University FoundationMatching Education Gift Program/southern Company Joint Scholarship Program$101,900
...and 57 more grants made totalling $1,293,013

Personnel at Mississippi Power Foundation

NameTitleCompensation
Moses FeaginVice President, Treasurer, Chief Financial Officer and Chief Diversity Officer$0
Gifford OrmesVice President, External Affairs
Brady PowersVice President
Jeffrey A. StoneVice President, General
Jim HeilbronSenior Vice President and Senior Production Officer
...and 8 more key personnel

Financials for Mississippi Power Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,009,563
Investment income and dividends$1,139,564
Net rental income$0
Net gain from sale of non-inventory assets$-864,136
Gross sales of inventory$0
Miscellaneous revenues$20
Total revenues$4,285,011

Form 990s for Mississippi Power Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990PFView PDF
2022-122023-05-11990PFView PDF
2021-122022-10-10990PFView PDF
2020-122021-09-22990PFView PDF
2019-122021-06-10990PFView PDF
...and 8 more Form 990s

Organizations like Mississippi Power Foundation

OrganizationLocationRevenue
Wisconsin Public Service FoundationGreen Bay, WI$10,136,381
Walter J and Betty C Zable FoundationSan Diego, CA$8,237,402
Wiregrass FoundationDothan, AL$3,416,735
Corning Incorporated FoundationCorning, NY$3,569,297
The Scripps Howard FoundationCincinnati, OH$10,855,424
Dakota Foundation DTD 122797Jamestown, ND$1,691,699
The Westfield Insurance FoundationWestfield Center, OH$2,455,738
Related Affordable FoundationNew York, NY$3,350,000
The Boston Globe FoundationBoston, MA$1,783,029
Capitol Federal FoundationTopeka, KS$2,655,855
Data update history
June 27, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 21, 2023
Posted financials
Added Form 990PF for fiscal year 2022
May 7, 2023
Updated personnel
Identified 3 new personnel
January 26, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 4079
Gulfport, MS 39502
Metro area
Gulfport-Biloxi, MS
County
Harrison County, MS
Website URL
mississippipower.com/ 
Phone
(228) 864-1211
IRS details
EIN
72-1370746
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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