MISSISSIPPI PRESS ASSOCIATION EDUCATION FOUNDATION

EIN: 640731681 501(c)(3)

JACKSON, MS

Total Revenue
$72,255
Total Expenses
$64,403
Total Assets
$492,084
Net Assets
$450,203
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MS
Principal Officer
LAYNE BRUCE
Phone
6019813060
Tax Period
2025-01-01 to 2025-12-31

MISSISSIPPI PRESS ASSOCIATION EDUCATION FOUNDATION, founded in 1984, is a micro nonprofit that reported $72K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $64K left a modest 11% surplus.

Mission

PROVIDE EDUCATIONAL GRANTS AND SCHOLARSHIPS FOR JOURNALISM STUDENTS AND COLLEGES AND UNIVERSITIES IN MISSISSIPPI

Program Service Accomplishments

Program 1
Expenses: $17,130

CONDUCT CONFERENCES FOR JOURNALISM STUDENTS AND EDUCATORS

Program 2
Expenses: $13,500

PROVIDE INTERNSHIPS TO MISSISSIPPI NEWSPAPERS ON BEHALF OF JOURNALISM STUDENTS

Program 3
Expenses: $2,000

PROVIDE SCHOLARSHIPS AND GRANTS TO MISSISSIPPI UNIVERSITIES AND INDIVIDUAL RECIPIENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $26,089
Program Service Revenue $0
Investment Income $44,787
Other Revenue $1,379
TOTAL REVENUE $72,255

Expense Breakdown

Grants Paid $15,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,630
Other Expenses $48,903
TOTAL EXPENSES $64,403

Year-over-Year Comparison

2025 2024 Change
Revenue $72,255 $46,867 +0.5%
Expenses $64,403 $70,428 -0.1%
Net Income $7,852 $-23,561 -1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$101,271
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAYNE BRUCE SECRETARY 2.00
Officer Highest
$0 $0 $101,271
JAMES E PRINCE III DIRECTOR 1.00
Director
$0 $0 $0
JOEL MCNEECE DIRECTOR 1.00
Director
$0 $0 $0
JASON COLLUM DIRECTOR 1.00
Director
$0 $0 $0
STACY GRANING DIRECTOR 1.00
Director
$0 $0 $0
REECE TERRY DIRECTOR 1.00
Director
$0 $0 $0
PAUL KEANE DIRECTOR 1.00
Director
$0 $0 $0
GEORGE TURNER VICE CHAIRMAN 2.00
Officer
$0 $0 $0
KEVIN COOPER IMMEDIATE PAST CHAIRMAN 2.00
Officer
$0 $0 $0
JACK RYAN CHAIRMAN 3.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $72,255 $64,403 $492,084 $7,852
2024 $46,867 $70,428 $496,029 $-23,561
2023 $56,426 $62,959 $511,675 $-6,533
2022 $21,338 $80,698 $531,934 $-59,360
2021 $260,100 $84,663 $533,077 $175,437
2020 $78,215 $63,912 $356,368 $14,303
2019 $45,590 $72,482 $342,065 $-26,892
2018 $55,519 $76,832 $368,957 $-21,313
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