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Nonprofiteer
← UNIVERSITY OF SOUTH ALABAMA FOUNDATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF SOUTH ALABAMA FOUNDATION.

Totals

Total revenue
$23,113,644
Total expenses
$22,351,532
Contributions and grants received
$113,191
Grants paid
$18,317,158
Program services expenses (Part IX)
$21,556,237
Management and general expenses
$763,306
Fundraising expenses
$31,989
Program service expenses (Part III)
$21,556,237

Program services were 96.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GREGORY LUCE

    VICE PRESIDENT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOHN MCMILLAN

    PRESIDENT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • LOWELL J BONDS

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MAXEY J ROBERTS

    MANAGING DIRECTOR/BOARD MEMBER

    Total calculated
    $395,845
    From this org
    $394,115
    From related orgs
    $0
    Other
    $1,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,497
    Bonus
    $0
    Other
    $618
    Deferred
    $0
    Nontaxable benefits
    $1,730
    Filer's total
    $395,845
  • ROBERT P HALL

    TREASURER/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ALEXIS ATKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ANJANETTA DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ARLENE MITCHELL

    BOARD MEMBER (ENDED 06/06/2025)

    Total calculated
    $0
    Hours/week
    1
  • D LYNN DYESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DAMIAN J COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DON WORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ELIZABETH VANDEWAA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ISABEL Z BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JAMES H CROSBY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOHN T WHIDDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOSIAH R BONNER JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • LENUS M PERKINS

    BOARD MEMBER (BEGIN 06/06/2025)

    Total calculated
    $0
    Hours/week
    1
  • NOLAN C LEAKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • NORMOND B MCALLISTER JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • OTHA LEE BIGGS

    BOARD MEMBER (DECEASED 3/16/2025)

    Total calculated
    $0
    Hours/week
    1
  • ROBIN MCNAIR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • W ALLEN CARROLL JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • BRAD B ROBERTS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $294,948
    From this org
    $288,630
    From related orgs
    $0
    Other
    $6,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,354
    Bonus
    $0
    Other
    $276
    Deferred
    $0
    Nontaxable benefits
    $6,318
    Filer's total
    $294,948
  • H WADE FAULKNER

    INVESTMENT MANAGER

    Total calculated
    $235,471
    From this org
    $209,422
    From related orgs
    $0
    Other
    $26,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,630
    Bonus
    $0
    Other
    $792
    Deferred
    $0
    Nontaxable benefits
    $26,049
    Filer's total
    $235,471

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 — 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 April 2026
IRS schema version
2024v5.5
Source object
202621109349300302

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