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Mid South Independent School Business Oficers Inc

EIN 58-2057721 · Marietta, GA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

MISBO HAS FOUR MAJOR GOALS (1) TO ENCOURAGE EXCELLENCE AND CREATIVE LEADERSHIP IN BUSINESS AND FINANCIAL MANAGEMENT OF INDEPENDENT SCHOOLS, (2) TO OPEN CHANNELS OF COMMUNICATION ON PROBLEMS OF BUSINESS MANAGEMENT THAT ARE IMPORTANT TO INDEPENDENT SCHOOLS,(3) TO GIVE THE BUSINESS OFFICER AND OPERATIONAL PROFESSIONALS CONTINUING OPPORTUNITY FOR PROFESSIONAL CONTACT, EXPRESSION AND GROWTH BY CREATING AND DEVELOPING OPPORTUNITY FOR EXPOSURE TO OUTSTANDING BUSINESS LEADERS WITHIN AND WITHOUT THE EDUCATION COMMUNITY,(4) TO ENCOURAGE JOINT PROCUREMENT OF GOODS AND SERVICES AMONG INDEPENDENT SCHOOLS THROUGH THE ADMINISTRATION OF PURCHASING CONSORTIUM FOR THE MUTUAL BENEFIT, DEVELOPMENT AND FINANCIAL IMPROVEMENT OF MEMBER INSTITUTIONS.

Income
$2.0 million
Spending
$1.7 million
Spent on programs
82%
Reserves
19.5 months of spending
Largest source of income
fees for its services, 91%
Employees
10
Volunteers
90
Highest pay
$363,214, president & ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 19.5 months of spending.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 14% of income.

  • Income trend

    15 of 15

    Income rose 13% on the year before.

  • Spending floor

    15 of 15

    82% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    29 of 29 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $862,863 spent. MISBO provides its over 400 member independent schools with a purchasing program and access to MISBO negotiated discount contracts with over 160 vendors, referred to as consortium partners, of goods and services that are used by member schools. Schools purchase directly from the consortium partners and MISBO receives a percentage fee on all purchases, primarily from the partners, and in some cases from the schools. The revenues from the purchasing program generate approximately 40% of the association's annual revenue. Schools that utilize the program save significantly more from just a few consortium partners than the annual membership dues cost.
  2. $431,431 spent. MISBO offers many professional development opportunities annually for independent school business officers, human resources directors, technology directors, and facilities directors. Typically, MISBO offers an annual conference and partners with various associations to offer programs throughout the region. Additionally, MISBO offers as a member benefit approximately 50 webinars and virtual roundtable discussions throughout the year on a wide range of subjects relevant to independent schools. MISBO also creates several tools and consultative services that are provided to members with their membership.
  3. $143,810 spent. MISBO provides its over 400 member independent schools with access to listservs for exchange of information and sharing of resources. MISBO hosts lists for school business officers, human resources directors, technology directors, facilities directors, and librarians / media specialists. This forum for sharing best practices and asking and receiving answers to relevant questions is consistently ranked as one of the most significant MISBO member benefits.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1994.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.