Skip to content
Nonprofiteer
← FAULKNER UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by FAULKNER UNIVERSITY FOUNDATION.

Totals

Total revenue
$5,349
Total expenses
$5,493
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$5,349
Total assets, end of year
$1,639,248
Total liabilities, end of year
$1,641,347
Net assets or fund balances, end of year
-$2,099
Program services expenses (Part IX)
$0
Management and general expenses
$5,493
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 11a · Other revenue: OTHER REVENUE

    total $5,349 · excluded $5,349

  • 11e · Other revenue, total

    $5,349

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,550 · management and general $4,550

  • 24a · Other expenses: MISCELLANEOUS

    total $943 · management and general $943

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $536,308 · end of year $529,776

  • 11 · Investments: publicly traded securities

    beginning of year $1,016,791 · end of year $1,109,472

  • 25 · Other liabilities

    beginning of year $1,555,054 · end of year $1,641,347

  • 28 · Net assets with donor restrictions

    beginning of year -$1,955 · end of year -$2,099

Mission and programs · 2024

Mission

THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, LITERARY AND SCIENTIFIC PURPOSES TO FULFILL CHRISTIAN EDUCATION AT FAULKNER UNIVERSITY,CHURCHES AND OTHER EDUCATIONAL CHARITIES

Activities or mission (Part I)

TO SUPPORT FAULKNER UNIVERSITY IN ITS PURPOSE TO GLORIFY GOD THROUGH EDUCATION, EMPHASING INTEGRITY OF CHARACTER IN A CHRISTIAN ENVIRONMENT.

  • PROVIDE SUPPORT TO FAULKNER UNIVERSITY

As filed on the 2024 return.

Listed in Part VII

  • Barry Buford

    VICE PRESIDENT

    Total calculated
    $24,000
    From this org
    $0
    From related orgs
    $24,000
    Other
    $0
    Hours/week
    0.25 + 16 related

  • Dr Billy D Hilyer

    PRESIDENT

    Total calculated
    $143,167
    From this org
    $0
    From related orgs
    $86,113
    Other
    $57,054
    Hours/week
    2 + 30 related

  • Hon Carole Medley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Jamie Horn

    TRUSTEE

    Total calculated
    $108,111
    From this org
    $0
    From related orgs
    $96,209
    Other
    $11,902
    Hours/week
    0.5 + 45 related

  • Joseph Vickery

    TRUSTEE

    Total calculated
    $131,815
    From this org
    $0
    From related orgs
    $130,441
    Other
    $1,374
    Hours/week
    1

  • Harrell Freeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Wilma Phillips

    SECRETARY/TREASURER

    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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2025
IRS schema version
2024v5.1
Source object
202531269349303803

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.