Mississippi Farm Bureau Young Farmer

Private foundation · Grantmaker Jackson, MS EIN: 64-0732039

Mississippi Farm Bureau Young Farmer is a private foundation, based in Jackson, MS. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 6 grants totaling $55K. Net investment income was $102K.

Key facts about Mississippi Farm Bureau Young Farmer

In short: Mississippi Farm Bureau Young Farmer gave $55K across 6 grants in 2025 (avg $9K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.

EIN
64-0732039
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$54,500
Grants made (2025)
6
Average grant
$9,083
Median grant
$3,000
Total assets
$1,627,187
Primary geography
Mississippi (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.6M

+10.8% YoY

Annual Giving

$55K

+1.9% YoY

Grant Count

6

+0.0% YoY

Avg Grant Size

$9K

+1.9% YoY

Under IRS private-foundation payout rules, Mississippi Farm Bureau Young Farmer reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.

How Mississippi Farm Bureau Young Farmer gives

  • Giving grew 21% from 2022 to 2025. Method
  • In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

LormanMississippi StateHattiesburgEllisvilleRaymondJacksonUniversityClevelandFultonKosciuskoMobileMoorheadRidgelandBoonevilleDecaturPoplarvilleScoobaSenatobiaWesson

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K9 grants2020 9 grants2021 11 grants2022 11 grants2023 6 grants2024 6 grants2025

From 2020 to 2025, annual grant giving ranged from $43K (2020) to $55K (2025). In 2025 it made 6 grants totaling $55K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Mississippi State University: $40KMississippi State University$40KJones Junior College: $5KJones Junior College$5KAlcorn State University: $3KAlcorn State University$3K

The largest 2025 recipient was Mississippi State University ($40K). Together the top 3 received $48K.

Organizations only. It also paid 3 individual scholarships ($7,000), which are not listed by name.

Grant Size Distribution

43 grants across all recorded years

43<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 43 grants of 43 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Mississippi State University Mississippi State, MSScholarship for 18 Individuals$40,000
Jones Junior College Ellisville, MSScholarship for 3 Individual$4,500
Alcorn State University Lorman, MSScholarship for 1 Individuals$3,000
3 individual scholarships Recipients not named —$7,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,627,187$1,468,753$1,204,110
Revenue$201,226$159,264$67,262
Expenses$78,850$80,875$62,476
Qualifying Distributions$54,500$53,500$52,000
Net Investment Income$101,797$40,516$18,442
Distributable Amount$74,820$68,358$60,875

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 29, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 7, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS September 11, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 19, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 6, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Mississippi Farm Bureau Young Farmer is led by Mike McCormick, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Mike McCormick

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Jay Slater

    Chair

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Donald Gant

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Ted Kendall IV

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Betty Jo Mills

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Jeff Easterling

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Kaleb Deese CPA

    Treasurer

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Christian Good

    First Vice President

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Haden Walters

    Secretary

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Seth Walters

    Second Vice President

    New on the 2025 filing

    2 hrs/week

    No compensation reported

Former officers (23)
  • Former: Anna Rhinewalt (2024) — Secretary
  • Former: Colton McMurry (2024) — Director
  • Former: Corey White (2024) — Second Vice President
  • Former: Peyton King (2024) — Vice President
  • Former: Adron Belk (2023) — Director
  • Former: Alex Mayfield (2023) — Director
  • Former: Carl Davis Parker (2023) — Director
  • Former: Kristen Edwards (2023) — Secretary
  • Former: Brent Wilson CPA (2021–2022) — Treasurer
  • Former: Anna Thames (2022) — Secretary
  • Former: Clint Ladner (2022) — Director
  • Former: Cody Maske (2022) — Director
  • Former: Jake Thames (2022) — Director
  • Former: Robert Earl McGehee (2022) — Director
  • Former: Louis Breaux (2020–2021) — Director
  • Former: Amber Young (2021) — Secretary
  • Former: Hayden West (2021) — Director
  • Former: Jay McBride (2021) — Director
  • Former: Matt Hammons (2021) — Chair
  • Former: Billy Rodgers (2020) — Director
  • Former: Kelli Russell (2020) — Secretary
  • Former: Sean McDonald (2020) — Director
  • Former: Taylor Hickman (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Mississippi Farm Bureau Young Farmer

How much does Mississippi Farm Bureau Young Farmer give each year?

Mississippi Farm Bureau Young Farmer gave $55K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $54K across 6 grants.

What is Mississippi Farm Bureau Young Farmer's typical grant size?

Mississippi Farm Bureau Young Farmer's median grant in 2025 was $3,000, and its average grant was $9,083, across 6 grants on its 2025 IRS Form 990-PF.

Where does Mississippi Farm Bureau Young Farmer give grants?

Mississippi Farm Bureau Young Farmer gives mostly in Mississippi: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Mississippi Farm Bureau Young Farmer give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Mississippi Farm Bureau Young Farmer's 2025 IRS Form 990-PF were described as general or operating support.

Who are Mississippi Farm Bureau Young Farmer's largest grantees?

Mississippi Farm Bureau Young Farmer's largest 2025 grantees include Mississippi State University ($40,000), Jones Junior College ($4,500) and Alcorn State University ($3,000), according to its 2025 IRS Form 990-PF. It also paid 3 individual scholarships ($7,000), which are not listed by name. Together they received 87% of its itemized 2025 grant dollars.

How large is Mississippi Farm Bureau Young Farmer?

Mississippi Farm Bureau Young Farmer reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Mississippi Farm Bureau Young Farmer's EIN?

Mississippi Farm Bureau Young Farmer's EIN (Employer Identification Number) is 64-0732039. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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