Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $506,304

• 1d · Related organizations

  $91,225

• 1e · Government grants (contributions)

  $252,115

• 1f · All other contributions, gifts and grants

  $87,918,721

• 1g · Noncash contributions included above

  $8,267,444

• 2a · Program service revenue: N/D PORTION OF CONTRIBUTION

  total $97,782 · related or exempt $97,782

• 2b · Program service revenue: PROG SRVC REGISTRATION

  total $87,880 · related or exempt $87,880

• 3 · Investment income

  total $9,581,973 · unrelated business $859,576 · excluded $8,722,397

• 5 · Royalties

  total $52,857 · excluded $52,857

• 6a · Gross rents

  real property $2,900

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $2,900

• 6d · Net rental income or loss

  total $2,900 · excluded $2,900

• 7a · Gross sales of assets other than inventory

  securities $211,008,924

• 7b · Less cost or other basis and sales expenses

  securities $185,907,225

• 7c · Gain or loss

  securities $25,101,699

• 7d · Net gain or loss

  total $25,101,699 · unrelated business $280,774 · excluded $24,820,925

• 8a · Fundraising events: gross income

  $371,217

• 8a · Fundraising events: contributions included on line 1c

  $506,304

• 8b · Fundraising events: direct expenses

  $277,630

• 8c · Net income from fundraising events

  total $93,587 · excluded $93,587

• 11a · Other revenue: ADMIN COST RECOVERY

  total $3,292,477 · related or exempt $3,292,477

• 11b · Other revenue: MISCELLANEOUS

  total $2,654 · related or exempt $2,570 · unrelated business $84

• 11e · Other revenue, total

  $3,295,131

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $64,627,916 · program services $64,627,916

• 5 · Compensation of officers, directors and key employees

  total $532,639 · management and general $344,038 · fundraising $188,601

• 11a · Fees: management

  total $3,786,269 · program services $386,794 · management and general $1,923,271 · fundraising $1,476,204

• 11b · Fees: legal

  total $238,586 · program services $8,305 · management and general $219,899 · fundraising $10,382

• 11c · Fees: accounting

  total $109,690 · management and general $109,690

• 11g · Fees: other

  total $254,678 · program services $109,558 · management and general $127,668 · fundraising $17,452

• 12 · Advertising and promotion

  total $417,230 · program services $285,308 · management and general $3,970 · fundraising $127,952

• 13 · Office expenses

  total $582,658 · program services $275,470 · management and general $178,229 · fundraising $128,959

• 14 · Information technology

  total $1,186,802 · program services $12,279 · management and general $1,146,735 · fundraising $27,788

• 16 · Occupancy

  total $127,349 · program services $45,449 · management and general $79,941 · fundraising $1,959

• 17 · Travel

  total $890,426 · program services $283,342 · management and general $30,103 · fundraising $576,981

• 19 · Conferences, conventions and meetings

  total $139,689 · program services $79,865 · management and general $33,381 · fundraising $26,443

• 24a · Other expenses: OFFICIAL GUESTS AND ENT

  total $6,154,257 · program services $4,242,303 · management and general $210,723 · fundraising $1,701,231

• 24b · Other expenses: ADMINISTRATIVE COSTS

  total $1,695,334 · program services $326,572 · management and general $1,344,603 · fundraising $24,159

• 24c · Other expenses: OTHER NONPROFESSIONAL O

  total $969,152 · program services $306,858 · management and general $609,694 · fundraising $52,600

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $55,578,114 · end of year $55,212,923

• 3 · Pledges and grants receivable

  beginning of year $76,469,831 · end of year $76,918,255

• 10a · Land, buildings and equipment: cost or other basis

  $1,674,233

• 10b · Land, buildings and equipment: accumulated depreciation

  $259,592

• 10c · Land, buildings and equipment, net

  beginning of year $1,380,317 · end of year $1,414,641

• 11 · Investments: publicly traded securities

  beginning of year $363,377,538 · end of year $393,217,988

• 12 · Investments: other securities

  beginning of year $560,930,974 · end of year $642,969,432

• 15 · Other assets

  beginning of year $14,913,281 · end of year $16,301,540

• 17 · Accounts payable and accrued expenses

  beginning of year $521,275 · end of year $531,790

• 19 · Deferred revenue

  beginning of year $119,935 · end of year $17,500

• 25 · Other liabilities

  beginning of year $43,629,792 · end of year $47,952,623

• 27 · Net assets without donor restrictions

  beginning of year $51,099,665 · end of year $53,844,993

• 28 · Net assets with donor restrictions

  beginning of year $977,279,388 · end of year $1,083,687,873

The filer's explanations (Part III)

PART I, LINE 3

AUBURN UNIVERSITY FOUNDATION HAS NO EMPLOYEES; AUBURN UNIVERSITY IS THE COMMON PAYMASTER FOR AUBURN UNIVERSITY FOUNDATION. COMPENSATION IS BASED ON MARKET SURVEYS AND INTERNAL DATA COMPILED BY AUBURN UNIVERSITY'S HUMAN RESOURCES. AUBURN UNIVERSITY HAS A COMPENSATION COMMITTEE THAT MAY CONSIDER AND PROVIDE RECOMMENDATIONS TO THE BOARD ON POLICIES RELATED TO TOTAL COMPENSATION OF UNIVERSITY EMPLOYEES BALANCING GOOD STEWARDSHIP OF INSTITUTIONAL RESOURCES WITH PROMOTION OF A QUALITY WORK FORCE BY PROVIDING COMPETITIVE COMPENSATION.