Totals
- Total revenue
- $16,040,566
- Total expenses
- $9,976,553
- Contributions and grants received
- $7,446,437
- Grants paid
- $6,238,877
- Program service revenue
- $0
- Investment income
- $3,384,486
- Other revenue
- $5,209,643
- Total assets, end of year
- $237,046,289
- Total liabilities, end of year
- $121,832,174
- Net assets or fund balances, end of year
- $115,214,115
- Program services expenses (Part IX)
- $8,329,709
- Management and general expenses
- $1,359,577
- Fundraising expenses
- $287,267
- Program service expenses (Part III)
- $8,329,709
Program services were 83.5% 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.
-
1c · Fundraising events
$148,034
-
1f · All other contributions, gifts and grants
$7,298,403
-
1g · Noncash contributions included above
$927,650
-
3 · Investment income
total $2,312,257 · excluded $2,312,257
-
6a · Gross rents
real property $450,000
-
6b · Less rental expenses
real property $177,858
-
6c · Rental income or loss
real property $272,142
-
6d · Net rental income or loss
total $272,142 · unrelated business $272,142
-
7a · Gross sales of assets other than inventory
securities $1,072,229
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,072,229
-
7d · Net gain or loss
total $1,072,229 · excluded $1,072,229
-
8a · Fundraising events: gross income
$218,590
-
8a · Fundraising events: contributions included on line 1c
$148,034
-
8b · Fundraising events: direct expenses
$159,572
-
8c · Net income from fundraising events
total $59,018 · excluded $59,018
-
11a · Other revenue: OTHER INCOME
total $4,878,483 · related or exempt $4,878,483
-
11e · Other revenue, total
$4,878,483
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,238,877 · program services $6,238,877
-
11c · Fees: accounting
total $230,400 · management and general $230,400
-
12 · Advertising and promotion
total $15,254 · program services $13,654 · management and general $850 · fundraising $750
-
13 · Office expenses
total $91,549 · program services $57,899 · management and general $14,230 · fundraising $19,420
-
16 · Occupancy
total $9,833 · program services $9,422 · management and general $411
-
17 · Travel
total $332,233 · program services $195,471 · management and general $76,101 · fundraising $60,661
-
20 · Interest
total $52,558 · management and general $52,558
-
22 · Depreciation, depletion and amortization
total $332,766 · management and general $332,766
-
23 · Insurance
total $54,705 · program services $24,357 · management and general $30,070 · fundraising $278
-
24a · Other expenses: CONTRACT SERVICES
total $1,211,111 · program services $817,256 · management and general $286,343 · fundraising $107,512
-
24b · Other expenses: GIFTS AND AWARDS
total $232,546 · program services $173,071 · management and general $17,157 · fundraising $42,318
-
24c · Other expenses: STUDY ABROAD
total $190,444 · program services $190,444
-
24d · Other expenses: PROPERTY DISPOSAL
total $150,202 · management and general $150,202
-
24e · All other expenses
total $834,075 · program services $609,258 · management and general $168,489 · fundraising $56,328
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $201,233 · end of year $212,030
-
2 · Savings and temporary cash investments
beginning of year $25,950,666 · end of year $28,317,502
-
3 · Pledges and grants receivable
beginning of year $1,681,669 · end of year $1,715,210
-
4 · Accounts receivable
beginning of year $101,026 · end of year $226,533
-
7 · Other notes and loans receivable
beginning of year $6,300,000 · end of year $6,488,400
-
10a · Land, buildings and equipment: cost or other basis
$27,017,452
-
10b · Land, buildings and equipment: accumulated depreciation
$4,419,618
-
10c · Land, buildings and equipment, net
beginning of year $22,059,641 · end of year $22,597,834
-
11 · Investments: publicly traded securities
beginning of year $157,576,692 · end of year $174,872,571
-
15 · Other assets
beginning of year $2,924,753 · end of year $2,616,209
-
17 · Accounts payable and accrued expenses
beginning of year $1,889,889 · end of year $1,756,163
-
19 · Deferred revenue
beginning of year $3,011,158 · end of year $2,257,352
-
21 · Escrow or custodial account liability
beginning of year $103,598,214 · end of year $115,086,565
-
23 · Secured mortgages and notes payable
beginning of year $2,872,692 · end of year $2,632,265
-
25 · Other liabilities
beginning of year $100,819 · end of year $99,829
-
27 · Net assets without donor restrictions
beginning of year $35,724,600 · end of year $38,648,341
-
28 · Net assets with donor restrictions
beginning of year $69,598,308 · end of year $76,565,774
Mission and programs · 2022
Mission
TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE.
Activities or mission (Part I)
SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI
-
SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 100,000 ALUMNI.
Expenses $8,329,709 · Grants $6,238,877 · Revenue $4,878,483
As filed on the 2022 return.
Listed in Part VII
-
DR JAMES R ANDREWS
EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
DR JAMES BOOKOUT JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
KAREN CARTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY COLEMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ROY DRINKARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN R FERGUSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRIG GEN RICHARD BOUTWELL
EXECUTIVE VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
DR JACK HAWKINS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
ROSEMARY ELEBASH
ALUMNI BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
HORACE HORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LARRY HUGHES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
DR EARL JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR MANLY JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BILLY JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY KERVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GREG KNEDLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
DAVID MALLACH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
HARREL MCKINNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DOUG MIMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RANDALL MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CLAUDENE NICHOLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LEWIS RUSHING
BOARD MEMBER
- 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
-
$4,656,940
OTHER EXPENSES
-
$1,082,160
STUDENT SCHOLARSHIPS
-
$499,777
EMINENT SCHOLAR PROFESSORSHIPS
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.
-
ADMINISTRATIVE SERVICES · AL · income -$63,626 · assets $81,435
Directly controlled by TROY UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202412279349300221
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