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Mississippi · Nonprofit

UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION

UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION (Mississippi) receives grants from 4 organizations whose IRS filings report $934,000 to it, the largest being Builders Vision Foundation ($825,000). 1 of them have funded it in more than one year.

Revenue FY2025
$737k
Funders on record
4
Grants received
$934k
Net assets
$1.2M
1/4 repeat funderspeak grant-dependency 29%
01What it does

What University of Southern Mississippi Research Foundation does

Mission

The mission of the foundation is to oversee the acquisition of gifts, contributions and grants for sponsored research for individuals, industries, private organizations and government agencies and to assist with transferring technology developed through the foundation.

As stated on its FY2025 Form 990.

Programs

  1. To operate for the benefit of, to perform the functions of, and/or to carry out the purposes of the university of southern mississippi, a public instituition of the state of mississippi.

    $163,677 spentof which $5,950 as grants$159,540 earned by the program
    20% of program spending
  2. Through usm - usm reseach foundation launched gulf blue initiative on the mississippi gulf coast - capitalizing on the coast's geography and maritime resources. Gulf blue initiative is strategically investing in maritime infrastructure to advance technology through innovation clusters such as: uncrewed maritime systems, ocean - friendly plastics, precision aquaculture, smart ports, sea-space systems and coastal data.

    $669,936 spent$190,993 earned by the program
    80% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $833,613.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.2M) Expenses 100 ($1.5M) Net assets 100 ($1.7M)2018 Revenue 33 ($726k) Expenses 47 ($707k) Net assets 101 ($1.8M)2019 Revenue 24 ($526k) Expenses 42 ($628k) Net assets 92 ($1.6M)2020 Revenue 16 ($344k) Expenses 26 ($386k) Net assets 90 ($1.6M)2021 Revenue 36 ($787k) Expenses 41 ($614k) Net assets 102 ($1.8M)2022 Revenue 81 ($1.8M) Expenses 90 ($1.4M) Net assets 127 ($2.2M)2023 Revenue 43 ($957k) Expenses 80 ($1.2M) Net assets 114 ($2.0M)2024 Revenue 23 ($501k) Expenses 71 ($1.1M) Net assets 77 ($1.3M)2025 Revenue 33 ($737k) Expenses 61 ($918k) Net assets 66 ($1.2M)
'17'18'19'20'21'22'23'24'25
Revenue (33)Expenses (61)Net assets (66)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.2M to $1.6M (−27%).

$2.0M
$2.1M
$1.7M
$1.6M
$2.2M
$2.6M
$2.2M
$1.6M
$1.2M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

14% of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$719k
’17
$20k
’18
−$102k
’19
−$43k
’20
$173k
’21
$441k
’22
−$244k
’23
−$567k
’24
−$181k
’25
12
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Dr Kelly Lucas

Executive director

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2023 and FY2024 filings.

'17'18'19'20'21'22'23'24'25
Listed877788899
Joined·+0+2+2+3+2+0+3+1
No longer listed·12222021
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income rose $100k → $275k.

Funder
'17
'21
'22
'23
'24*
'25*
total
funders
1
1
1
1
1
1

1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION’s funders (the co-funder graph). Top 3 of 4 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION leans on a few funders — its largest provides 88% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

88%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION draws 99% of its grant income from funders outside Mississippi, across 3 states in all.

IL
DC
MS

In-state vs out-of-state, by year

’17
’21
’22
’23
Mississippi out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION is better cushioned than half of the 16,849 education nonprofits its size.

Operating margin−25% · bottom quartile
Months of reserve11.8mo · above the median
Revenue growth (annualized)−13% · bottom quartile

this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025

Organizations like UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Mississippi

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

73% of spending goes to programs.

Program 73%Management 27%Fundraising 0%

Governance

7
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 1 related entity

  • University of Southern Mississippi · exempt

Screen this organization

A dated, signed PDF of the compliance screen for UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION?
UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION (Mississippi) receives grants from 4 organizations whose IRS filings report $934,000 to it, the largest being Builders Vision Foundation ($825,000). 1 of them have funded it in more than one year.
How many funders does UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION have?
IRS filings report 4 organizations giving $934,000 in grants to UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION?
Builders Vision Foundation is the largest funder on record, with $825,000 in grants. The full list of funders is on this page.
How can an organization like UNIVERSITY OF SOUTHERN MISSISSIPPI RESEARCH FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Mississippi. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing