Form 990 for tax year 2022
Filed by UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION.
Totals
- Total revenue
- $188,661
- Total expenses
- $193,666
- Contributions and grants received
- $180,801
- Grants paid
- $180,801
- Program service revenue
- $7,860
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $46,081
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $46,081
- Program services expenses (Part IX)
- $193,666
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $193,666
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$180,801
-
2a · Program service revenue: INTELLECTUAL PROPERTY LICENSE
total $7,860 · excluded $7,860
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $180,801 · program services $180,801
-
11b · Fees: legal
total $450 · program services $450
-
24a · Other expenses: ROYALTY DISTRIBUTION
total $12,324 · program services $12,324
-
24b · Other expenses: BANK FEES
total $91 · program services $91
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $50,586 · end of year $45,272
-
7 · Other notes and loans receivable
beginning of year $500 · end of year $800
-
13 · Investments: program-related
end of year $9
-
31 · Retained earnings, endowment or other funds
beginning of year $51,086 · end of year $46,081
Mission and programs · 2022
Mission
FURTHER THE UNIVERSITY OF SOUTH ALABAMA'S EDUCATIONAL, RESEARCH, AND SERVICE MISSIONS BY COMMERCIALIZING INTELLECTUAL PROPERTY DEVELOPED BY UNIVERSITY FACULTY.
-
SUPPORT HBCU IP SITES AS THEY PARTICIPATE IN THE FRONTIER SET IP NETWORK.
Expenses $180,801 · Grants $180,801
-
COMMERIALIZE INTELLECTUAL PROPERTY DEVELOPED BY UNIVERSITY FACULTY.
Expenses $12,865 · Revenue $7,860
As filed on the 2022 return.
Listed in Part VII
-
Jo BonnerJO BONNER
DIRECTOR/PRE
- Total calculated
- $577,825
- From this org
- $0
- From related orgs
- $518,448
- Other
- $59,377
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $507,963 related
- Bonus
- not reported
- Other
- not reported + $10,485 related
- Deferred
- not reported + $45,583 related
- Nontaxable benefits
- not reported + $13,794 related
- Filer's total
- not reported + $577,825 related
-
Andi KentANDI KENT
PROVOST AND
- Total calculated
- $462,014
- From this org
- $0
- From related orgs
- $397,013
- Other
- $65,001
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $396,392 related
- Bonus
- not reported
- Other
- not reported + $621 related
- Deferred
- not reported + $50,351 related
- Nontaxable benefits
- not reported + $14,650 related
- Filer's total
- not reported + $462,014 related
-
Polly StokleyPOLLY STOKLEY
DIRECTOR
- Total calculated
- $356,367
- From this org
- $0
- From related orgs
- $304,630
- Other
- $51,737
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported + $302,951 related
- Bonus
- not reported
- Other
- not reported + $1,679 related
- Deferred
- not reported + $37,087 related
- Nontaxable benefits
- not reported + $14,650 related
- Filer's total
- not reported + $356,367 related
-
Lynne ChronisterLYNNE CHRONISTER
DIRECTOR/VIC
- Total calculated
- $307,174
- From this org
- $0
- From related orgs
- $260,498
- Other
- $46,676
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $252,204 related
- Bonus
- not reported
- Other
- not reported + $8,294 related
- Deferred
- not reported + $32,026 related
- Nontaxable benefits
- not reported + $14,650 related
- Filer's total
- not reported + $307,174 related
-
Kristen RobertsKRISTEN ROBERTS
SECRETARY/TR
- Total calculated
- $246,465
- From this org
- $0
- From related orgs
- $208,061
- Other
- $38,404
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $207,803 related
- Bonus
- not reported
- Other
- not reported + $258 related
- Deferred
- not reported + $24,522 related
- Nontaxable benefits
- not reported + $13,882 related
- Filer's total
- not reported + $246,465 related
-
John SmithJOHN SMITH
DIRECTOR/PRE
- Total calculated
- $172,834
- From this org
- $0
- From related orgs
- $165,710
- Other
- $7,124
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported + $164,808 related
- Bonus
- not reported
- Other
- not reported + $902 related
- Deferred
- not reported + $5,875 related
- Nontaxable benefits
- not reported + $1,249 related
- Filer's total
- not reported + $172,834 related
-
G Scott WeldonG SCOTT WELDON
DIRECTOR/SEC
- Total calculated
- $73,709
- From this org
- $0
- From related orgs
- $70,489
- Other
- $3,220
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported + $70,116 related
- Bonus
- not reported
- Other
- not reported + $373 related
- Deferred
- not reported + $3,192 related
- Nontaxable benefits
- not reported + $28 related
- Filer's total
- not reported + $73,709 related
-
Glyn AgnewGLYN AGNEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip BurtonPHILIP BURTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark HoffmanMARK HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen HongKAREN HONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arlene MitchellARLENE MITCHELL
DIRECTOR/CHA
- Total calculated
- $0
- Hours/week
- 1
-
David TrentDAVID TRENT
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$180,801
SUPPORT HBCU IP
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · EDUCATION · AL
-
USA RESEARCH AND TECHNOLOGY CORP
501C3 · REAL ESTAT · AL · controlled entity
Directly controlled by USA
-
USA PROFESSIONAL LIABILITY PROGRAM
501C3 · INSURANCE · AL · controlled entity
Directly controlled by USA
-
501C3 · INSURANCE · AL · controlled entity
Directly controlled by USA
-
501C3 · BOOSTER CL · AL · controlled entity
Directly controlled by USA
-
USA HEALTH CARE AUTHORITY
HEALTHCARE · AL · controlled entity
Directly controlled by USA
-
GULF COAST TOTALCARE
501C3 · HEALTHCARE · AL · controlled entity
Directly controlled by USA
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NOVALTECH LLC
C CORP · TECH TRANS · AL · share of income -$115 · share of assets $386 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202432139349300123
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