Ware Foundation

Madison, MS
Tax-exempt since June 1973
EIN: 23-7286585

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$709k (2024)

Expenses

$1.4M (2024)

Total Assets

$18.3M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$708,710

Expenses

$1,403,790

Net Income

-$695,080

Net Assets

$18,290,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68,625	9.7%
Dividends	$256,802	36.2%
Sales of Assets	$383,283	54.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$963,378	68.6%
Compensation of Officers*	$335,537	23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,290,066
Total Liabilities	$0
Net Assets	$18,290,066

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Eason (President)	$99,600	$0
Morgan Ware Soumah (Vice Preside)	$99,600	$0
John Edwards (Secretary/Tr)	$99,600	$0
James Odom (Trustee)	$36,737	$0

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990-PF

Filed on Nov. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$477,780

Expenses

$1,415,977

Net Income

-$938,197

Net Assets

$17,552,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67,694	14.2%
Dividends	$235,008	49.2%
Sales of Assets	$154,611	32.4%
Other Income	$20,467	4.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$896,241	63.3%
Compensation of Officers*	$335,537	23.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,552,370
Total Liabilities	$0
Net Assets	$17,552,370

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (Vice Preside)	$99,600	$0
Elizabeth Eason (President)	$99,600	$0
John Edwards (Secretary/Tr)	$99,600	$0
James Odom (Trustee)	$36,737	$0

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990-PF

Filed on Jan. 28, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$551,604

Expenses

$1,326,756

Net Income

-$775,152

Net Assets

$16,716,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$49,080	8.9%
Dividends	$223,744	40.6%
Sales of Assets	$278,780	50.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$774,301	58.4%
Compensation of Officers*	$335,537	25.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,716,675
Total Liabilities	$500
Net Assets	$16,716,175

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (Vice Preside)	$99,600	$0
Elizabeth Eason (President)	$99,600	$0
John Edwards (Secretary/Tr)	$99,600	$0
James Odom (Trustee)	$36,737	$0

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990-PF

Filed on Aug. 25, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,419,723

Expenses

$1,533,984

Net Income

-$114,261

Net Assets

$19,997,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$58,127	4.1%
Dividends	$217,468	15.3%
Sales of Assets	$1,143,942	80.6%
Other Income	$186	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$933,485	60.9%
Compensation of Officers*	$298,868	19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,998,403
Total Liabilities	$500
Net Assets	$19,997,903

Compensation

Key Employees and Officers	Compensation	Other
John Edwards (Secretary/Tr)	$99,600	$0
Elizabeth Eason (President)	$87,868	$0
Morgan Ware Soumah (Vice Preside)	$74,663	$0
James Odom (Trustee)	$36,737	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$446,262

Expenses

$1,381,359

Net Income

-$935,097

Net Assets

$17,915,804

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67,151	15.0%
Dividends	$203,389	45.6%
Sales of Assets	$175,722	39.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$841,225	60.9%
Compensation of Officers*	$304,951	22.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,916,959
Total Liabilities	$1,155
Net Assets	$17,915,804

Compensation

Key Employees and Officers	Compensation	Other
John Edwards (Secretary/Tr)	$105,800	$0
Elizabeth Eason (President)	$89,058	$0
Morgan Ware Soumah (Vice Preside)	$70,045	$0
James Odom (Trustee)	$40,048	$0

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990-PF

Filed on July 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$722,307

Expenses

$1,884,337

Net Income

-$1,162,030

Net Assets

$17,137,860

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$85,577	11.8%
Dividends	$210,714	29.2%
Sales of Assets	$426,016	59.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,039,727	55.2%
Compensation of Officers*	$257,094	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,218,080
Total Liabilities	$80,220
Net Assets	$17,137,860

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (Vice Preside)	$82,669	$0
Elizabeth Eason (President)	$78,000	$0
John Edwards (Secretary/Tr)	$60,000	$0
James Odom (Trustee)	$36,425	$0

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990-PF

Filed on April 20, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$1,423,174

Expenses

$2,129,760

Net Income

-$706,586

Net Assets

$15,960,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$54,956	3.9%
Dividends	$251,280	17.7%
Sales of Assets	$1,116,938	78.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,266,805	59.5%
Compensation of Officers*	$508,669	23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,961,230
Total Liabilities	$500
Net Assets	$15,960,730

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (President)	$177,669	$0
Elizabeth Eason (Vice Preside)	$173,000	$0
John Edwards (Secretary/Tr)	$155,000	$0
James Odom (Trustee)	$3,000	$0
Mark Edwards (Trustee)	$0	$0

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990-PF

Filed on March 1, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending Dec.
2017

Revenue

$1,818,281

Expenses

$1,780,418

Net Income

$37,863

Net Assets

$18,432,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31,124	1.7%
Dividends	$264,680	14.6%
Sales of Assets	$1,522,477	83.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,447,563	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,434,906
Total Liabilities	$2,198
Net Assets	$18,432,708

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (President)	$0	$0
Elizabeth Eason (Vice President)	$0	$0
John Edwards (Secretary/Treasurer)	$0	$0
James Odom (Trustee)	$0	$0
Mark Edwards (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$353,304

Expenses

$1,647,342

Net Income

-$1,294,038

Net Assets

$17,059,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,088	2.3%
Dividends	$235,238	66.6%
Sales of Assets	$109,978	31.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,328,252	80.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,062,167
Total Liabilities	$2,420
Net Assets	$17,059,747

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (President)	$0	$0
Elizabeth Eason (Vice President)	$0	$0
John Edwards (Secretary/Treasurer)	$0	$0
James Odom (Trustee)	$0	$0
Mark Edwards (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$722,243

Expenses

$1,641,837

Net Income

-$919,594

Net Assets

$18,174,537

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$519	0.1%
Dividends	$40,382	5.6%
Sales of Assets	$681,342	94.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,429,100	87.0%
Compensation of Officers*	$116,740	7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,176,971
Total Liabilities	$2,434
Net Assets	$18,174,537

Compensation

Key Employees and Officers	Compensation	Other
James Odom (Trustee)	$0	$0
Morgan Ware Soumah (Trustee)	$0	$0
Mark Edwards (Sec/ Treasurer)	$0	$0
Elizabeth Eason (Trustee)	$0	$0
John Edwards (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$784,389

Expenses

$1,416,744

Net Income

-$632,355

Net Assets

$19,214,479

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$119	0.0%
Dividends	$207,580	26.5%
Sales of Assets	$576,690	73.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,190,441	84.0%
Compensation of Officers*	$139,323	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,218,332
Total Liabilities	$3,853
Net Assets	$19,214,479

Compensation

Key Employees and Officers	Compensation	Other
Morgan Ware Soumah (Trustee)	$46,323	$0
Mark Edwards (Sec/ Treasurer)	$43,000	$0
Elizabeth Eason (Trustee)	$32,000	$0
James Odom (Trustee)	$12,000	$0
John Edwards (Trustee)	$6,000	$0

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990-PF

Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$496,289

Expenses

$1,054,415

Net Income

-$558,126

Net Assets

$18,951,069

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$38	0.0%
Dividends	$190,552	38.4%
Sales of Assets	$305,699	61.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$816,821	77.5%
Compensation of Officers*	$131,000	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,954,584
Total Liabilities	$3,515
Net Assets	$18,951,069

Compensation

Key Employees and Officers	Compensation	Other
Mark Edwards (Sec/ Treasurer)	$43,000	$0
Morgan Ware Soumah (Trustee)	$32,000	$0
Elizabeth Eason (Trustee)	$32,000	$0
James Odom (Trustee)	$12,000	$0
John Edwards (Trustee)	$12,000	$0

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990-PF

Filed on Nov. 17, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$733,447

Expenses

$1,062,615

Net Income

-$329,168

Net Assets

$18,233,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,117	1.0%
Dividends	$156,958	21.4%
Sales of Assets	$569,061	77.6%
Other Income	$311	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$841,923	79.2%
Compensation of Officers*	$131,000	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,236,477
Total Liabilities	$3,265
Net Assets	$18,233,212

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$626,197

Expenses

$1,144,344

Net Income

-$518,147

Net Assets

$17,292,452

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,602	0.6%
Dividends	$164,755	26.3%
Sales of Assets	$321,439	51.3%
Other Income	$136,401	21.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$920,542	80.4%
Compensation of Officers*	$131,000	11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,305,126
Total Liabilities	$12,674
Net Assets	$17,292,452

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Ware Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $709k (2024)

Expenses $1.4M (2024)

Total Assets $18.3M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$709k (2024)

Expenses

$1.4M (2024)

Total Assets

$18.3M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2018

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2017

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2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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2010

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2009

Fiscal Year Ending Dec.
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