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Nonprofiteer
← ALABAMA A & M UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by ALABAMA A & M UNIVERSITY FOUNDATION.

Totals

Total revenue
$1,200,064
Total expenses
$459,721
Contributions and grants received
$1,020,301
Grants paid
$5,700
Program service revenue
$0
Investment income
$114,522
Other revenue
$65,241
Total assets, end of year
$20,307,861
Total liabilities, end of year
$14,961,052
Net assets or fund balances, end of year
$5,346,809
Program services expenses (Part IX)
$389,418
Management and general expenses
$70,303
Fundraising expenses
$0
Program service expenses (Part III)
$389,418

Program services were 84.7% 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.

  • 1f · All other contributions, gifts and grants

    $1,020,301

  • 3 · Investment income

    total $114,522 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $48,695

  • 6c · Rental income or loss

    real property $48,695

  • 6d · Net rental income or loss

    total $48,695 · related or exempt $48,695

  • 11a · Other revenue: Miscellaneous Revenue

    total $16,546 · related or exempt $16,546 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $16,546

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,700 · program services $5,700

  • 7 · Other salaries and wages

    total $20,104 · program services $20,104 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $138,778 · program services $138,778 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $7,500 · program services $7,500 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,934 · program services $1,934 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,097 · program services $1,097 · management and general $0 · fundraising $0

  • 20 · Interest

    total $71,017 · program services $71,017 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $70,303 · program services $0 · management and general $70,303 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Professional development

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Repairs and Maintenance

    total $90,483 · program services $90,483 · management and general $0 · fundraising $0

  • 24c · Other expenses: Other Perfessional Services

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $14,222 · program services $14,222 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $38,583 · program services $38,583 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,363,909 · end of year $9,302,638

  • 4 · Accounts receivable

    beginning of year $12,465 · end of year $27,233

  • 10a · Land, buildings and equipment: cost or other basis

    $2,802,465

  • 10b · Land, buildings and equipment: accumulated depreciation

    $334,947

  • 10c · Land, buildings and equipment, net

    beginning of year $1,342,897 · end of year $2,467,518

  • 12 · Investments: other securities

    beginning of year $8,387,109 · end of year $8,510,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,116,762 · end of year $30,000

  • 23 · Secured mortgages and notes payable

    beginning of year $807,416 · end of year $1,858,193

  • 25 · Other liabilities

    beginning of year $9,813,933 · end of year $13,072,859

  • 27 · Net assets without donor restrictions

    beginning of year $2,248,228 · end of year $1,666,218

  • 28 · Net assets with donor restrictions

    beginning of year $3,120,041 · end of year $3,680,591

Mission and programs · 2022

Activities or mission (Part I)

The Alabama A&M University Foundation was established to receive, hold, invest, manage, use, and administer property of all kinds, whether given absolutely or in trust, for the benefit of Alabama A&M University and its educational, research, cultural, public services, and support activities.

  • Academic Support Scholarships & University Support

    Expenses $389,418

As filed on the 2022 return.

Listed in Part VII

  • Lt Col Carolyn Culpepper Ret

    Member

    Total calculated
    $0
    Hours/week
    1

  • Andrea Cunningham PhD

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mary Jones Moore

    Member

    Total calculated
    $0
    Hours/week
    1

  • Bryan Hicks

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jerome B Williams

    Member

    Total calculated
    $0
    Hours/week
    1

  • Kyla Pitcher

    Member

    Total calculated
    $0
    Hours/week
    1

  • Andrew Hugine Jr PhD

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Archie Tucker III

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Lynda Batiste

    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
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412279349301536

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