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
-
$18,317,158
SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621109349300302
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