Mississippi Farm Bureau Young Farmer Scholarship Foundation Inc

Jackson, MS
Tax-exempt since Dec. 1986
EIN: 64-0732039

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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

$159k (2024)

Expenses

$80.9k (2024)

Total Assets

$1.47M (2024)

Total Liabilities

$57k (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 Oct.
2024

Revenue

$159,264

Expenses

$80,875

Net Income

$78,389

Net Assets

$1,411,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$107,241	67.3%
Interest Revenue	$18,335	11.5%
Dividends	$15,764	9.9%
Sales of Assets	$17,924	11.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,500	66.2%
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	$1,468,753
Total Liabilities	$57,000
Net Assets	$1,411,753

Compensation

Key Employees and Officers	Compensation	Other
Betty Jo Mills (Director)	$0	$0
Donald Gant (Director)	$0	$0
Jeff Easterling (Director)	$0	$0
Colton Mcmurry (Director)	$0	$0
Peyton King (Vice President)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Corey White (Second Vice President)	$0	$0
Mike Mccormick (President)	$0	$0
Anna Rhinewalt (Secretary)	$0	$0
Kaleb Deese Cpa (Treasurer)	$0	$0

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990-PF

Filed on Feb. 19, 2025

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

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Fiscal Year Ending Oct.
2023

Revenue

$67,262

Expenses

$62,476

Net Income

$4,786

Net Assets

$1,169,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$91,512	> 100%
Interest Revenue	$14,730	21.9%
Dividends	$14,074	20.9%
Sales of Assets	-$53,054
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,000	83.2%
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	$1,204,110
Total Liabilities	$34,500
Net Assets	$1,169,610

Compensation

Key Employees and Officers	Compensation	Other
Betty Jo Mills (Director)	$0	$0
Donald Gant (Director)	$0	$0
Jeff Easterling (Director)	$0	$0
Carl Davis Parker (Director)	$0	$0
Alex Mayfield (Director)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Adron Belk (Director)	$0	$0
Mike Mccormick (President)	$0	$0
Kristen Edwards (Secretary)	$0	$0
Kaleb Deese Cpa (Treasurer)	$0	$0

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990-PF

Filed on Sept. 11, 2024

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

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Fiscal Year Ending Oct.
2022

Revenue

$76,689

Expenses

$62,251

Net Income

$14,438

Net Assets

$1,140,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,226	> 100%
Interest Revenue	$7,934	10.3%
Dividends	$9,072	11.8%
Sales of Assets	-$20,543
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,000	72.3%
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	$1,182,914
Total Liabilities	$42,000
Net Assets	$1,140,914

Compensation

Key Employees and Officers	Compensation	Other
Anna Thames (Secretary)	$0	$0
Betty Jo Mills (Director)	$0	$0
Brent Wilson Cpa (Treasurer)	$0	$0
Donald Gant (Director)	$0	$0
Robert Earl Mcgehee (Director)	$0	$0
Clint Ladner (Director)	$0	$0
Cody Maske (Director)	$0	$0
Mike Mccormick (President)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Jake Thames (Director)	$0	$0

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990-PF

Filed on March 15, 2023

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

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Fiscal Year Ending Oct.
2021

Revenue

$262,291

Expenses

$83,720

Net Income

$178,571

Net Assets

$1,208,822

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$49,061	18.7%
Interest Revenue	$1,340	0.5%
Dividends	$34,072	13.0%
Sales of Assets	$177,818	67.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	59.7%
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	$1,241,322
Total Liabilities	$32,500
Net Assets	$1,208,822

Compensation

Key Employees and Officers	Compensation	Other
Amber Young (Secretary)	$0	$0
Betty Jo Mills (Director)	$0	$0
Donald Gant (Director)	$0	$0
Hayden West (Director)	$0	$0
Jay Mcbride (Director)	$0	$0
Louis Breaux (Director)	$0	$0
Matt Hammons (Chair)	$0	$0
Mike Mccormick (President)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Brent Wilson Cpa (Treasurer)	$0	$0

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990-PF

Filed on April 7, 2022

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

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Fiscal Year Ending Oct.
2020

Revenue

$37,255

Expenses

$47,000

Net Income

-$9,745

Net Assets

$1,003,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50	0.1%
Interest Revenue	$1,270	3.4%
Dividends	$25,078	67.3%
Sales of Assets	$10,857	29.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,500	90.4%
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	$1,003,550
Total Liabilities	$1
Net Assets	$1,003,549

Compensation

Key Employees and Officers	Compensation	Other
Louis Breaux (Director)	$0	$0
Taylor Hickman (Director)	$0	$0
Billy Rodgers (Director)	$0	$0
Sean Mcdonald (Director)	$0	$0
Kelli Russell (Secretary)	$0	$0
Mike Mccormick (President)	$0	$0
Donald Gant (Director)	$0	$0
Ted Kendall Iv (Director)	$0	$0

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990-PF

Filed on April 29, 2021

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

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Fiscal Year Ending Oct.
2019

Revenue

$50,267

Expenses

$67,362

Net Income

-$17,095

Net Assets

$939,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,888	9.7%
Interest Revenue	$1,645	3.3%
Dividends	$41,289	82.1%
Sales of Assets	$2,445	4.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,500	95.8%
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	$939,577
Total Liabilities	$1
Net Assets	$939,576

Compensation

Key Employees and Officers	Compensation	Other
Samantha Laird (Advisor)	$0	$0
Brian Rhodes (Director)	$0	$0
Matthew Poe (Director)	$0	$0
Betty Mills (Director)	$0	$0
Billy Tabb (Director)	$0	$0
Mike Mccormick (President)	$0	$0
Makenzi Blakeney (Secretary)	$0	$0
William Davis (Treasurer)	$0	$0
Ted Kendall Iv (Vice President)	$0	$0
Reggie Magee (Vice President)	$0	$0
Donald Gant (Vice President)	$0	$0

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990-PF

Filed on Sept. 14, 2020

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

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Fiscal Year Ending Oct.
2018

Revenue

$142,057

Expenses

$57,000

Net Income

$85,057

Net Assets

$956,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$87,976	61.9%
Interest Revenue	$1,798	1.3%
Dividends	$45,446	32.0%
Sales of Assets	$6,837	4.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,000	100%
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	$956,672
Total Liabilities	$0
Net Assets	$956,672

Compensation

Key Employees and Officers	Compensation	Other
Samatha Laird (Advisor)	$0	$0
Brian Rhodes (Director)	$0	$0
Matthew Poe (Director)	$0	$0
Donald Gant (Director)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Reggie Magee (Director)	$0	$0
Betty Mills (Director)	$0	$0
William Davis (Treasurer)	$0	$0
Mike Mccormick (President)	$0	$0
Makenzi Blakeney (Secretary)	$0	$0
Billy Tabb (Vice President)	$0	$0
Kent M Bloodworth (Secretary/General Counsel)	$0	$0

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990-PF

Filed on March 14, 2019

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

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Fiscal Year Ending Oct.
2017

Revenue

$73,038

Expenses

$52,000

Net Income

$21,038

Net Assets

$871,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$44,514	60.9%
Interest Revenue	$1,673	2.3%
Dividends	$26,851	36.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,000	100%
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	$871,615
Total Liabilities	$0
Net Assets	$871,615

Compensation

Key Employees and Officers	Compensation	Other
Mike Mc Cormick (President)	$0	$0
David Arant (Vice President)	$0	$0
Dara Stockman (Secretary)	$0	$0
William Davis (Treasurer)	$0	$0
Donald Gant (Director)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Reggie Magee (Director)	$0	$0
Betty Mills (Director)	$0	$0
Jason Bandy (Director)	$0	$0
Manuel Mata (Director)	$0	$0

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990-PF

Filed on Sept. 7, 2018

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

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Fiscal Year Ending Oct.
2016

Revenue

$78,058

Expenses

$35,500

Net Income

$42,558

Net Assets

$850,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$33,832	43.3%
Interest Revenue	$16,224	20.8%
Dividends	$28,002	35.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,500	100%
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	$850,577
Total Liabilities	$0
Net Assets	$850,577

Compensation

Key Employees and Officers	Compensation	Other
Mike Mc Cormick (President)	$0	$0
David Arant (Vice President)	$0	$0
Dara Stockman (Secretary)	$0	$0
William Davis (Treasurer)	$0	$0
Donald Gant (Director)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Reggie Magee (Director)	$0	$0
Betty Mills (Director)	$0	$0
Jason Bandy (Director)	$0	$0
Manuel Mata (Director)	$0	$0

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990-PF

Filed on March 15, 2017

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

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Fiscal Year Ending Oct.
2015

Revenue

$75,842

Expenses

$28,500

Net Income

$47,342

Net Assets

$808,019

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$27,658	36.5%
Interest Revenue	$23,475	31.0%
Dividends	$24,709	32.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,500	100%
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	$808,019
Total Liabilities	$0
Net Assets	$808,019

Compensation

Key Employees and Officers	Compensation	Other
Mike Mc Cormick (President)	$0	$0
Mallory Sayle (Vice President)	$0	$0
Dara Stockman (Secretary)	$0	$0
William Davis (Treasurer)	$0	$0
Donald Gant (Director)	$0	$0
Ted Kendall Iv (Director)	$0	$0
Reggie Magee (Director)	$0	$0
Betty Mills (Director)	$0	$0
Jason Bandy (Director)	$0	$0
Manuel Mata (Director)	$0	$0

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990-PF

Filed on Sept. 15, 2016

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

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Fiscal Year Ending Oct.
2014

Revenue

$52,756

Expenses

$33,500

Net Income

$19,256

Net Assets

$760,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$845	1.6%
Program Services	$0
Investment Income	$49,546	93.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$2,365	4.5%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$760,677
Total Liabilities	$0
Net Assets	$760,677

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Knight (President)	$0	$0	$0
Reggie Magee (Director)	$0	$0	$0
Donald Gant (Director)	$0	$0	$0
Ted Kendall Iv (Director)	$0	$0	$0
William Davis (Treasurer)	$0	$0	$0
Betty Mills (Director)	$0	$0	$0
Mallory Sayle (Vice President)	$0	$0	$0
Jason Bandy (Director)	$0	$0	$0
Manuel Mata (Director)	$0	$0	$0
Dara Stockman (Secretary)	$0	$0	$0

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990

Filed on June 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Oct.
2013

Revenue

$64,219

Expenses

$20,250

Net Income

$43,969

Net Assets

$741,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,484	8.5%
Program Services	$0
Investment Income	$34,395	53.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$24,340	37.9%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$741,422
Total Liabilities	$0
Net Assets	$741,422

990

Filed on March 28, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Oct.
2012

Revenue

$65,666

Expenses

$15,750

Net Income

$49,916

Net Assets

$697,453

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,147	4.8%
Program Services	$0
Investment Income	$26,447	40.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$36,072	54.9%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$697,453
Total Liabilities	$0
Net Assets	$697,453

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2011

Revenue

$90,448

Expenses

$11,000

Net Income

$79,448

Net Assets

$647,537

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$32,615	36.1%
Program Services	$0
Investment Income	$14,453	16.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$43,380	48.0%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$647,537
Total Liabilities	$0
Net Assets	$647,537

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Mississippi Farm Bureau Young Farmer Scholarship Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $159k (2024)

Expenses $80.9k (2024)

Total Assets $1.47M (2024)

Total Liabilities $57k (2024)

Tax Filings by Year

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$159k (2024)

Expenses

$80.9k (2024)

Total Assets

$1.47M (2024)

Total Liabilities

$57k (2024)

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002