DELTA STATE UNIVERSITY FOUNDATION

EIN: 646034675 501(c)(3)

CLEVELAND, MS

Total Revenue
$10,148,498
Total Expenses
$7,066,829
Total Assets
$49,692,506
Net Assets
$47,567,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Principal Officer
SUZETTE MATTHEWS
Phone
6628464665
Tax Period
2024-07-01 to 2025-06-30

DELTA STATE UNIVERSITY FOUNDATION, founded in 1967, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 30% operating margin.

Mission

THE DELTA STATE UNIVERSITY FOUNDATION WAS FORMED TO SUPPORT AND PROMOTE THE ACADEMIC PROGRAMS AT DELTA STATE UNIVERSITY. REVENUES ARE PRIMARILY DERIVED FROM PUBLIC SUPPORT AND INVESTMENT INCOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,400,836
Program Service Revenue $0
Investment Income $4,210,077
Other Revenue $1,537,585
TOTAL REVENUE $10,148,498

Expense Breakdown

Grants Paid $1,268,314
Salaries & Benefits $1,047,908
Fundraising Expenses $565,928
Program Expenses $5,706,426
Other Expenses $4,750,607
TOTAL EXPENSES $7,066,829

Year-over-Year Comparison

2024 2023 Change
Revenue $10,148,498 $7,657,770 +0.3%
Expenses $7,066,829 $6,313,343 +0.1%
Net Income $3,081,669 $1,344,427 +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

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Liquidity & Cash Position

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Governance

Voting Members
39
Independent Members
39
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
$0
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM ADAMS DIRECTOR N/A
Director
$0 $0 $0
MILLER ARANT DIRECTOR N/A
Director
$0 $0 $0
ROBERT P ARMOUR DIRECTOR N/A
Director
$0 $0 $0
JOE M BAKER DIRECTOR N/A
Director
$0 $0 $0
JEAN ELMORE DIRECTOR N/A
Director
$0 $0 $0
DOTY FARMER DIRECTOR N/A
Director
$0 $0 $0
VICKI FIORANELLI DIRECTOR N/A
Director
$0 $0 $0
JOHN FLETCHER DIRECTOR N/A
Director
$0 $0 $0
BEAU GARVERICK DIRECTOR N/A
Director
$0 $0 $0
ALAN HARGETT TREASURER N/A
Officer Director
$0 $0 $0
DEBBIE HESLEP DIRECTOR N/A
Director
$0 $0 $0
FRANK W SMITH III DIRECTOR N/A
Director
$0 $0 $0
TOM JANOUSH PAST CHAIRPE N/A
Officer Director
$0 $0 $0
LESLIE JENKINS SECRETARY N/A
Officer Director
$0 $0 $0
ARTHUR JOHNSTON DIRECTOR N/A
Director
$0 $0 $0
RICHARD MYERS JR DIRECTOR N/A
Director
$0 $0 $0
KEITH KING DIRECTOR N/A
Director
$0 $0 $0
TREY LABELLA DIRECTOR N/A
Director
$0 $0 $0
ANDY LEE DIRECTOR N/A
Director
$0 $0 $0
TORRENCE MCKNIGHT DIRECTOR N/A
Director
$0 $0 $0
GEORGE MILLER DIRECTOR N/A
Director
$0 $0 $0
NED MITCHELL DIRECTOR N/A
Director
$0 $0 $0
CASEY D MYRICK DIRECTOR N/A
Director
$0 $0 $0
BETH PRICE DIRECTOR N/A
Director
$0 $0 $0
LARRY PROCTOR DIRECTOR N/A
Director
$0 $0 $0
DAVID ROBINSON DIRECTOR N/A
Director
$0 $0 $0
JOE SAIA DIRECTOR N/A
Director
$0 $0 $0
NAN SANDERS DIRECTOR N/A
Director
$0 $0 $0
RODNEY SCAIFE DIRECTOR N/A
Director
$0 $0 $0
WILL SIMPSON DIRECTOR N/A
Director
$0 $0 $0
HUGH SMITH CHAIRPERSON N/A
Officer Director
$0 $0 $0
WORTH STEEN DIRECTOR N/A
Director
$0 $0 $0
MYRTIS TABB DIRECTOR N/A
Director
$0 $0 $0
JOYCE TUCKER DIRECTOR N/A
Director
$0 $0 $0
ANNE WEISSINGER DIRECTOR N/A
Director
$0 $0 $0
MARGARET WHITE DIRECTOR N/A
Director
$0 $0 $0
WILMA WILBANKS DIRECTOR N/A
Director
$0 $0 $0
TJWANA WILSON DIRECTOR N/A
Director
$0 $0 $0
WALTER WOOD DIRECTOR N/A
Director
$0 $0 $0
PETER WOODS DIRECTOR N/A
Director
$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 $10,148,498 $7,066,829 $49,692,506 $3,081,669
2024 No data No data No data No data
2023 $6,575,279 $6,386,533 $45,226,639 $188,746
2022 $4,479,286 $5,498,618 $43,199,593 $-1,019,332
2022 $4,479,286 $5,492,028 $43,164,062 $-1,012,742
2021 $13,139,400 $4,607,572 $49,340,185 $8,531,828
2020 $3,017,017 $4,987,170 $39,618,677 $-1,970,153
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