MPB FOUNDATION

EIN: 813063377 501(c)(3) Arts, Culture & Humanities

JACKSON, MS

Total Revenue
$2,364,344
Total Expenses
$1,953,673
Total Assets
$3,803,081
Net Assets
$3,700,743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MS
Principal Officer
ANGELA FERRAEZ
Phone
6014326565
Tax Period
2023-07-01 to 2024-06-30

MPB FOUNDATION, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $411K, a strong 17% operating margin.

Mission

The MPB Foundation is organized exclusively to provide services and resources for the benefit of, to perform functions of, or to carry out the purposes of the Mississippi Authority for Educational Television, which does business as Mississippi Public Broadcasting (MPB), and is tax-exempt as a state agency created by the Mississippi Legislature. The MPB Foundation is formed to solicit, receive, invest, and expend privately donated, non-state appropriated funds for educational and charitable purposes related to support, promotion, development and growth of educational and public broadcasting in Mississippi.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,025,548
Program Service Revenue $115,972
Investment Income $220,981
Other Revenue $1,843
TOTAL REVENUE $2,364,344

Expense Breakdown

Grants Paid $569,065
Salaries & Benefits $361,541
Fundraising Expenses $1,052,240
Program Expenses $851,824
Other Expenses $1,023,067
TOTAL EXPENSES $1,953,673

Year-over-Year Comparison

2023 2022 Change
Revenue $2,364,344 $2,132,267 +0.1%
Expenses $1,953,673 $1,753,624 +0.1%
Net Income $410,671 $378,643 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
7
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
1
$130,000
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON B CANNADA DIRECTOR 5.00
Director
$0 $0 $0
GEORGE B READY CHAIRMAN 5.00
Director
$0 $0 $0
RHEA C WILLIAMS-BISHOP SECRETARY 5.00
Director
$0 $0 $0
JON C TURNER TREASURER 5.00
Director
$0 $0 $0
GEORGE D PENICK JR DIRECTOR 5.00
Director
$0 $0 $0
MELVIN V PRIESTER JR VICE CHAIRMAN 5.00
Director
$0 $0 $0
JOHN H COCKE DIRECTOR 5.00
Director
$0 $0 $0
GRACE P LEE DIRECTOR 5.00
Director
$0 $0 $0
SHAWN C MACKEY DIRECTOR 5.00
Director
$0 $0 $0
ANDREW W MALLINSON DIRECTOR 5.00
Director
$0 $0 $0
NORA F MCRAE DIRECTOR 5.00
Director
$0 $0 $0
FINNEY C MOORE DIRECTOR 5.00
Director
$0 $0 $0
DARDEN H NORTH DIRECTOR 5.00
Director
$0 $0 $0
DANIELLE C MORGAN DIRECTOR 5.00
Director
$0 $0 $0
ROYAL D AILLS DIRECTOR 5.00
Director
$0 $0 $0
PAUL M ROCCONI DIRECTOR 5.00
Director
$0 $0 $0
CYNTHIA D SUTTON DIRECTOR 5.00
Director
$0 $0 $0
JOHN C HARDY DIRECTOR 5.00
Director
$0 $0 $0
DANIEL ETHRIDGE DIRECTOR 5.00
Director
$0 $0 $0
FRANK S YORK DIRECTOR 5.00
Director
$0 $0 $0
J BURNS STRIDER DIRECTOR 5.00
Director
$0 $0 $0
ANGELA C FERRAEZ EXECUTIVE DIRECTOR 40.00
Officer
$130,000 $0 $130,000
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 No data No data No data No data
2024 $2,364,344 $1,953,673 $3,803,081 $410,671
2023 $2,132,267 $1,753,624 $3,405,716 $378,643
2022 $1,895,017 $1,520,845 $2,987,587 $374,172
2021 $1,956,695 $1,792,640 $2,641,017 $164,055
2020 $1,942,612 $1,545,432 $2,237,634 $397,180
2019 $1,858,223 $1,675,378 $1,966,759 $182,845
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