Form 990 for tax year 2023
Filed by ALABAMA STATE UNIVERSITY FOUNDATION INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 19 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $8,538,077 changed to $8,141,031
- Total expenses
- $7,316,995 changed to $7,334,715
- Contributions and grants received
- $8,307,850 changed to $7,910,804
- Total assets, end of year
- $11,609,670 changed to $11,195,677
- Total liabilities, end of year
- $89,501 changed to $90,275
- Net assets or fund balances, end of year
- $11,520,169 changed to $11,105,402
- Program services expenses
- $6,862,971 changed to $6,875,319
- Management and general expenses
- $433,912 changed to $459,396
- Fundraising expenses
- $20,112 changed to $0
- Program service expenses (Part III)
- $6,862,971 changed to $6,875,319
Listed only on the earlier return
- Cedric MooreCEDRIC MOORE
- Jennifer S AndersonJENNIFER S ANDERSON
- Lindsay HardenLINDSAY HARDEN
- Pamela HillPAMELA HILL
Listed only on the later return
- Jennifer K BrownJENNIFER K BROWN
- Jimmy Morris JrJIMMY MORRIS JR
- Norman CarmichaelNORMAN CARMICHAEL
Listed under a different title
- Antwon HardwickANTWON HARDWICK: VICE CHAIR then CHAIR
Totals
- Total revenue
- $8,538,077
- Total expenses
- $7,316,995
- Contributions and grants received
- $8,307,850
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $230,227
- Other revenue
- $0
- Total assets, end of year
- $11,609,670
- Total liabilities, end of year
- $89,501
- Net assets or fund balances, end of year
- $11,520,169
- Program services expenses (Part IX)
- $6,862,971
- Management and general expenses
- $433,912
- Fundraising expenses
- $20,112
- Program service expenses (Part III)
- $6,862,971
Program services were 93.8% 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
$8,307,850
-
3 · Investment income
total $230,227 · related or exempt $230,227
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $20,112 · fundraising $20,112
-
11g · Fees: other
total $785,722 · program services $462,403 · management and general $323,319
-
12 · Advertising and promotion
total $54,795 · program services $54,795
-
13 · Office expenses
total $452,748 · program services $452,748
-
14 · Information technology
total $55,466 · program services $55,466
-
17 · Travel
total $819,287 · program services $812,010 · management and general $7,277
-
19 · Conferences, conventions and meetings
total $1,686,601 · program services $1,635,078 · management and general $51,523
-
24a · Other expenses: SCHOLARSHIPS AND DONATION
total $855,980 · program services $855,980
-
24b · Other expenses: STUDENT ENTERTAINMENT
total $851,770 · program services $851,770
-
24c · Other expenses: AWARDS AND GRANTS
total $349,214 · program services $349,214
-
24d · Other expenses: UNIFORMS AND APPAREL
total $324,740 · program services $324,740
-
24e · All other expenses
total $1,060,560 · program services $1,008,767 · management and general $51,793
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,266,280 · end of year $8,091,319
-
4 · Accounts receivable
beginning of year $869,558 · end of year $135,354
-
11 · Investments: publicly traded securities
beginning of year $3,255,633 · end of year $3,382,997
-
17 · Accounts payable and accrued expenses
beginning of year $155,248 · end of year $89,501
-
27 · Net assets without donor restrictions
beginning of year $2,013,638 · end of year $3,075,483
-
28 · Net assets with donor restrictions
beginning of year $8,222,585 · end of year $8,444,686
Mission and programs · 2023
Mission
THE MISSION OF THE ALABAMA STATE UNIVERSITY FOUNDATION, INC. IS TO PERPETUATE A VIABLE ORGANIZATION THAT WILL SUPPORT THE EDUCATIONAL NEEDS AND GOALS OF ALABAMA STATE UNIVERSITY, ITS FACULTY, AND STUDENTS VIA RESPONSIBLE MANAGEMENT OF FINANCIALS PROGRAMS.
-
UNIVERSITY SUPPORT
Expenses $5,640,427
-
ATHLETIC SUPPORT
Expenses $1,222,544
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Col Greg ClarkCOL GREG CLARK
EXECUTIVE DI
- Total calculated
- $0
-
Jennifer S AndersonJENNIFER S ANDERSON
EXECUTIVE DI
- Total calculated
- $0
-
Cedric MooreCEDRIC MOORE
CHAIR
- Total calculated
- $0
-
Antwon HardwickANTWON HARDWICK
VICE CHAIR
- Total calculated
- $0
-
Pamela HillPAMELA HILL
TREASURER
- Total calculated
- $0
-
Lindsay HardenLINDSAY HARDEN
SECRETARY
- Total calculated
- $0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432299349300523
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