Form 990 for tax year 2022

Filed by UNIVERSITY OF WEST ALABAMA FOUNDATION.

Totals

Total revenue: $9,644,527
Total expenses: $5,805,680
Contributions and grants received: $7,720,101
Grants paid: $0
Program service revenue: $1,098,239
Investment income: $819,581
Other revenue: $6,606
Total assets, end of year: $46,196,715
Total liabilities, end of year: $26,483,150
Net assets or fund balances, end of year: $19,713,565
Program services expenses (Part IX): $5,551,096
Management and general expenses: $236,441
Fundraising expenses: $18,143
Program service expenses (Part III): $5,551,096

Program services were 95.6% 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)

$32,958
1f · All other contributions, gifts and grants

$7,687,143
2a · Program service revenue: LEASE INCOME

total $1,022,417 · related or exempt $1,022,417
2b · Program service revenue: INTRAMURALS

total $54,834 · related or exempt $54,834
2c · Program service revenue: SHIELDS SCHOLARSHIP

total $20,988 · related or exempt $20,988
3 · Investment income

total $649,614 · related or exempt $649,614
4 · Income from investment of tax-exempt bond proceeds

total $10 · related or exempt $10
7a · Gross sales of assets other than inventory

securities $1,194,490
7b · Less cost or other basis and sales expenses

securities $1,024,533
7c · Gain or loss

securities $169,957
7d · Net gain or loss

total $169,957 · related or exempt $169,957
11a · Other revenue: OTHER REVENUE

total $6,606 · related or exempt $6,606
11e · Other revenue, total

$6,606

Functional expenses

Part IX, the statement of functional expenses.

11f · Fees: investment management

total $49,558 · management and general $49,558
12 · Advertising and promotion

total $18,307 · program services $18,233 · management and general $74
13 · Office expenses

total $17,286 · program services $17,286
17 · Travel

total $141,142 · program services $132,626 · management and general $8,516
19 · Conferences, conventions and meetings

total $2,181 · program services $1,232 · management and general $949
20 · Interest

total $184,849 · program services $184,849
22 · Depreciation, depletion and amortization

total $28,232 · management and general $28,232
23 · Insurance

total $29,901 · program services $5,161 · management and general $24,740
24a · Other expenses: USC REAL ESTATE DRAWS

total $2,158,000 · program services $2,158,000
24b · Other expenses: NMTC TRANSATION COST

total $603,559 · program services $603,559
24c · Other expenses: GRANT EXPENSE

total $402,546 · program services $417,906 · management and general -$15,360
24d · Other expenses: SCHOLARSHIP PROGRAM

total $400,313 · program services $376,076 · management and general $24,237
24e · All other expenses

total $1,769,806 · program services $1,636,168 · management and general $115,495 · fundraising $18,143

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,274,240 · end of year $6,728,747
2 · Savings and temporary cash investments

beginning of year $85,792 · end of year $86,149
3 · Pledges and grants receivable

beginning of year $2,341,184 · end of year $1,322,723
4 · Accounts receivable

end of year $962,588
9 · Prepaid expenses and deferred charges

end of year $11,373
10a · Land, buildings and equipment: cost or other basis

$3,854,622
10b · Land, buildings and equipment: accumulated depreciation

$61,337
10c · Land, buildings and equipment, net

beginning of year $3,728,634 · end of year $3,793,285
11 · Investments: publicly traded securities

beginning of year $6,640,987 · end of year $7,463,808
15 · Other assets

beginning of year $76,492 · end of year $25,828,042
17 · Accounts payable and accrued expenses

beginning of year $31,961 · end of year $5,000
25 · Other liabilities

beginning of year $240,650 · end of year $26,478,150
27 · Net assets without donor restrictions

beginning of year $5,883,515 · end of year $4,660,261
28 · Net assets with donor restrictions

beginning of year $9,991,203 · end of year $15,053,304

Mission and programs · 2022

Mission

SUPPORT THE UNIVERSITY OF WEST ALABAMA.

PROVIDE SUPPORT TO THE UNIVERSITY'S ATHLETIC PROGRAM THROUGH PURCHASE OF EQUIPMENT AND PROVIDING OPERATING FUNDS.

Expenses $365,396
PROVIDE SUPPORT TO THE UNIVERSITY'S GENERAL ACTIVITIES.

Expenses $4,735,111
PROVIDE SCHOLARSHIP SUPPORT FOR THE UNIVERSITY THROUGH FUNDS DONATED BY ALUMNI AND FRIENDS OF THE UNIVERSITY

Expenses $450,589

As filed on the 2022 return.

Listed in Part VII

Ermea J RussellERMEA J RUSSELL

BOARD MEMBER

Total calculated

$0

Hours/week

0
Ken TuckerKEN TUCKER

BOARD MEMBER

Total calculated

$0

Hours/week

0
Fred F WalburnFRED F WALBURN

TREASURER

Total calculated

$0

Hours/week

0
Michael E WilliamsMICHAEL E WILLIAMS

BOARD MEMBER

Total calculated

$0

Hours/week

0
J Thomas BryanJ THOMAS BRYAN

BOARD MEMBER

Total calculated

$0

Hours/week

0
Andy CoatsANDY COATS

BOARD MEMBER

Total calculated

$0

Hours/week

0
Mike DavisMIKE DAVIS

BOARD MEMBER

Total calculated

$0

Hours/week

0
Scott LewisSCOTT LEWIS

BOARD MEMBER

Total calculated

$0

Hours/week

0
Kevin D McMahonKEVIN D MCMAHON

BOARD MEMBER

Total calculated

$0

Hours/week

0
Jimmy CollinsJIMMY COLLINS

BOARD MEMBER

Total calculated

$0

Hours/week

0
Gary BusbyGARY BUSBY

BOARD MEMBER

Total calculated

$0

Hours/week

0
Brandon EssigBRANDON ESSIG

BOARD MEMBER

Total calculated

$0

Hours/week

0
Rick FrederickRICK FREDERICK

BOARD MEMBER

Total calculated

$0

Hours/week

0
Brent BumgarnerBRENT BUMGARNER

BOARD MEMBER

Total calculated

$0

Hours/week

0
Kent PartridgeKENT PARTRIDGE

BOARD MEMBER

Total calculated

$0

Hours/week

0
Bill LunsfordBILL LUNSFORD

BOARD MEMBER

Total calculated

$0

Hours/week

0
Jj WedgworthJJ WEDGWORTH

EXECUTIVE SECRETARY

Total calculated

$0

Hours/week

0
Byron ThetfordBYRON THETFORD

BOARD MEMBER

Total calculated

$0

Hours/week

0
Brett AllredBRETT ALLRED

BOARD MEMBER

Total calculated

$0

Hours/week

0
Chad HougheyCHAD HOUGHEY

BOARD MEMBER

Total calculated

$0

Hours/week

0
Stephanie PartenSTEPHANIE PARTEN

BOARD MEMBER

Total calculated

$0

Hours/week

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.

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.

UWAF QALICB LLC

LESSORS OF COMMERCIAL REAL ESTATE/PROMOTE GROWTH - "NEW MARKET TAX CREDITS" · AL · income $1,029,023 · assets $24,093,670

Directly controlled by THE UNIVERSITY OF WEST ALABAMA FOUNDATION
UWAF LEVERAGE LENDER LLC

PROMOTE ECONOMIC GROWTH THROUGH FUNDING VIA "NEW MARKET TAX CREDIT PROGRAMS" · AL · income $5,456,250 · assets $5,456,250

Directly controlled by THE UNIVERSITY OF WEST ALABAMA FOUNDATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 June 2024
IRS schema version: 2022v5.0
Source object: 202431669349300848

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