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← ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE

Form 990 for tax year 2023

Filed by ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE.

Totals

Total revenue
$2,190,718
Total expenses
$101,948
Contributions and grants received
$536,398
Grants paid
$0
Program service revenue
$0
Investment income
$1,654,320
Other revenue
$0
Total assets, end of year
$50,802,742
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$50,802,742
Program services expenses (Part IX)
$101,948
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$101,948

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.

  • 1e · Government grants (contributions)

    $536,398

  • 3 · Investment income

    total $1,654,320 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $101,948 · program services $101,948 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,365,918 · end of year $34,577,161

  • 12 · Investments: other securities

    beginning of year $24,065,009 · end of year $16,225,581

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,130,692 · end of year $5,383,858

  • 28 · Net assets with donor restrictions

    beginning of year $41,300,235 · end of year $45,418,884

Mission and programs · 2023

Activities or mission (Part I)

The Trusts mission is to support and improve educational excellence at Alabama A&M University through the granting of academic scholarships at the Unviversity, the endowment of academic chairs, the subsidizing of current faculty positions, and the payment of fees and expenses for lectures and lecture series on the Universitys campus.

  • To support & improve educational excellence at Alabama A&M University through the following: the granting of academic scholarships at the University, endowment of academic chairs, the subsidizing of current faculty positions, and the payment of fees & expense for campus lectures & lecture series on the universitys campus

    Expenses $101,948

As filed on the 2023 return.

Listed in Part VII

  • Dr Daniel Wims

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kevin Ball

    Member

    Total calculated
    $0
    Hours/week
    1

  • Carlton Spelman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Paul Bryant

    Member

    Total calculated
    $0
    Hours/week
    1

  • Braque Talley

    Member

    Total calculated
    $0
    Hours/week
    1

  • Richard Crunkeleton

    Member

    Total calculated
    $0
    Hours/week
    1

  • Martha Ochtemeir

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jamal Ali

    Member

    Total calculated
    $0
    Hours/week
    1

  • Micheal Sutller

    Member

    Total calculated
    $0
    Hours/week
    1

  • Sonya Vette

    Member

    Total calculated
    $0

  • Michael Miller

    Member

    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.

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.

  • Alabama A&M University

    115 · University · AL

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202512279349303971

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