Form 990 for tax year 2024
Filed by JACKSONVILLE STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $18,121,297
- Total expenses
- $18,457,613
- Contributions and grants received
- $6,453,065
- Grants paid
- $3,715,771
- Program service revenue
- $4,720,563
- Investment income
- $5,840,992
- Other revenue
- $1,106,677
- Total assets, end of year
- $328,721,726
- Total liabilities, end of year
- $276,816,844
- Net assets or fund balances, end of year
- $51,904,882
- Program services expenses (Part IX)
- $17,824,273
- Management and general expenses
- $497,161
- Fundraising expenses
- $136,179
- Program service expenses (Part III)
- $17,824,273
Program services were 96.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$10,770
-
1c · Fundraising events
$125,575
-
1f · All other contributions, gifts and grants
$6,316,720
-
1g · Noncash contributions included above
$23,808
-
2a · Program service revenue: FITNESS & WELLNESS CENTER INCOME
total $4,345,000 · related or exempt $4,345,000
-
2b · Program service revenue: DEPARTMENT MANAGEMENT FEE INCOME
total $375,563 · related or exempt $375,563
-
3 · Investment income
total $2,618,623 · unrelated business $1 · excluded $2,618,622
-
5 · Royalties
total $65,746 · unrelated business $1 · excluded $65,745
-
6a · Gross rents
real property $61,797
-
6b · Less rental expenses
real property $15,394
-
6c · Rental income or loss
real property $46,403
-
6d · Net rental income or loss
total $46,403 · unrelated business $16,772 · excluded $29,631
-
7a · Gross sales of assets other than inventory
securities $40,093,535 · other assets $1
-
7b · Less cost or other basis and sales expenses
securities $36,727,953 · other assets $143,214
-
7c · Gain or loss
securities $3,365,582 · other assets -$143,213
-
7d · Net gain or loss
total $3,222,369 · unrelated business $1 · excluded $3,222,368
-
8a · Fundraising events: gross income
$80,159
-
8a · Fundraising events: contributions included on line 1c
$125,575
-
8b · Fundraising events: direct expenses
$105,789
-
8c · Net income from fundraising events
total -$25,630 · excluded -$25,630
-
11a · Other revenue: OTHER INCOME
total $1,020,158 · related or exempt $1,018,219 · unrelated business $1,939
-
11e · Other revenue, total
$1,020,158
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,049,646 · program services $3,049,646
-
2 · Grants to domestic individuals
total $666,125 · program services $666,125
-
11a · Fees: management
total $1,839,789 · program services $1,839,789
-
11b · Fees: legal
total $20,269 · management and general $20,269
-
11c · Fees: accounting
total $46,482 · management and general $46,482
-
11f · Fees: investment management
total $604,110 · program services $604,110
-
11g · Fees: other
total $82,122 · fundraising $82,122
-
12 · Advertising and promotion
total $290,451 · management and general $238,578 · fundraising $51,873
-
13 · Office expenses
total $339,846 · program services $339,846
-
14 · Information technology
total $174,670 · program services $174,670
-
16 · Occupancy
total $1,586,638 · program services $1,586,638
-
17 · Travel
total $227,016 · program services $227,016
-
19 · Conferences, conventions and meetings
total $532,322 · program services $532,322
-
20 · Interest
total $4,219,507 · program services $4,219,507
-
22 · Depreciation, depletion and amortization
total $2,580,663 · program services $2,580,663
-
23 · Insurance
total $190,708 · program services $190,708
-
24a · Other expenses: BAD DEBT
total $1,258,032 · program services $1,258,032
-
24b · Other expenses: MISCELLANEOUS
total $214,564 · program services $207,025 · management and general $7,539
-
24c · Other expenses: ATHLETIC TICKETS
total $183,772 · management and general $183,772
-
24d · Other expenses: AWARDS
total $125,488 · program services $125,488
-
24e · All other expenses
total $225,393 · program services $222,688 · management and general $521 · fundraising $2,184
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,995,905 · end of year $112,527,631
-
3 · Pledges and grants receivable
beginning of year $4,873,864 · end of year $2,849,690
-
4 · Accounts receivable
beginning of year $500,000 · end of year $837,443
-
9 · Prepaid expenses and deferred charges
beginning of year $140,977 · end of year $335,600
-
10a · Land, buildings and equipment: cost or other basis
$170,802,441
-
10b · Land, buildings and equipment: accumulated depreciation
$10,023,999
-
10c · Land, buildings and equipment, net
beginning of year $105,715,700 · end of year $160,778,442
-
11 · Investments: publicly traded securities
beginning of year $45,839,140 · end of year $48,960,285
-
15 · Other assets
beginning of year $1,634,693 · end of year $2,432,635
-
17 · Accounts payable and accrued expenses
beginning of year $8,454,882 · end of year $6,154,394
-
20 · Tax-exempt bond liabilities
beginning of year $167,610,848 · end of year $266,168,134
-
25 · Other liabilities
beginning of year $2,809,996 · end of year $4,494,316
-
27 · Net assets without donor restrictions
beginning of year $2,040,708 · end of year $1,386,977
-
28 · Net assets with donor restrictions
beginning of year $50,783,845 · end of year $50,517,905
Mission and programs · 2024
Mission
THE JACKSONVILLE STATE UNIVERSITY FOUNDATION ENCOURAGES AND MAXIMIZES PRIVATE GIFT SUPPORT FOR THE UNIVERSITY AND MANAGES AND INVESTS GIFTS WITH PRUDENCE, COMPETENCE AND INTEGRITY.
Activities or mission (Part I)
THE OVERALL PURPOSE IS TO MAXIMIZE PRIVATE GIFT SUPPORT FOR JACKSONVILLE STATE UNIVERSITY
-
THE FOUNDATION IS LAYING THE GROUNDWORK FOR THE FUTURE FUNDRAISING SUCCESS IN ORDER TO AID THE UNIVERSITY IN FULFILLING ITS OWN MISSION OF EXCELLENCE IN EDUCATION, RESEARCH, AND SERVICE.
Expenses $17,824,273 · Grants $3,715,770 · Revenue $5,738,782
As filed on the 2024 return.
Listed in Part VII
-
John T ThomasJOHN T THOMAS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Terry SmileyTERRY SMILEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth HowellKENNETH HOWELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Alan MeddersDR ALAN MEDDERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Ronnie ClaytonDR RONNIE CLAYTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Nancy ChambersMS NANCY CHAMBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil WebbPHIL WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WebbJEFF WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Braxton WadeBRAXTON WADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vickie SaxonVICKIE SAXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth WrightKENNETH WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg MorrowGREG MORROW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl OrangeCHERYL ORANGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susie PinkardSUSIE PINKARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don HeddenDON HEDDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry JacksonLARRY JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jan CaseDR JAN CASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cynthia WatsonCYNTHIA WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric PowellERIC POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gary LewisDR GARY LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc AngleMARC ANGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr John SneedDR JOHN SNEED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Louis BassLOUIS BASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sheri HarbisonSHERI HARBISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Greg SumnerDR GREG SUMNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gordon SumnerDR GORDON SUMNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
JACKSONVILLE STATE UNIVERSITY
$3,049,645
SUPPORT DEPARTMENTAL & PROGRAM BUDGETS
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
JSUF REAL ESTATE HOLDING CO LLC
TO HOLD REAL ESTATE · AL · income $0 · assets $17,000
Directly controlled by JACKSONVILLE STATE UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349314405
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