Totals
- Total revenue
- $4,153,848
- Total expenses
- $6,846,033
- Contributions and grants received
- $2,714,326
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $904,461
- Other revenue
- $535,061
- Total assets, end of year
- $73,095,209
- Total liabilities, end of year
- $45,617,314
- Net assets or fund balances, end of year
- $27,477,895
- Program services expenses (Part IX)
- $1,000,000
- Management and general expenses
- $5,846,033
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,000,000
Program services were 14.6% 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.
-
1f · All other contributions, gifts and grants
$2,714,326
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $168,849 · excluded $168,849
-
5 · Royalties
total $29,997 · excluded $29,997
-
6a · Gross rents
real property $425,364
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $425,364 · personal property $0
-
6d · Net rental income or loss
total $425,364 · excluded $425,364
-
7a · Gross sales of assets other than inventory
other assets $735,612
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
securities $0 · other assets $735,612
-
7d · Net gain or loss
total $735,612 · excluded $735,612
-
11a · Other revenue: NONREFUNDABLE DEPOSITS
total $50,000 · related or exempt $50,000
-
11b · Other revenue: MISC REFUNDS & INCOME
total $29,700 · related or exempt $29,700
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$79,700
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $0 · program services $0
-
7 · Other salaries and wages
total $1,197,951 · management and general $1,197,951
-
9 · Other employee benefits
total $219,858 · management and general $219,858
-
10 · Payroll taxes
total $190,107 · management and general $190,107
-
11b · Fees: legal
total $157,419 · management and general $157,419
-
11c · Fees: accounting
total $5,250 · management and general $5,250
-
11g · Fees: other
total $5,395 · program services $0 · management and general $5,395 · fundraising $0
-
13 · Office expenses
total $155,864 · management and general $155,864
-
14 · Information technology
total $229,326 · management and general $229,326
-
16 · Occupancy
total $1,103,975 · management and general $1,103,975
-
20 · Interest
total $1,386,998 · management and general $1,386,998
-
23 · Insurance
total $223,496 · management and general $223,496
-
24a · Other expenses: RETURN OF FYE24 GIFT
total $1,000,000 · program services $1,000,000
-
24b · Other expenses: CAMPUS EXPENSES - SECURITY
total $451,047 · management and general $451,047
-
24c · Other expenses: CAMPUS EXPENSES - GROUNDS MAINTENANCE
total $277,179 · management and general $277,179
-
24d · Other expenses: CAMPUS EXPENSES - GENERAL MAINT & REPAIRS
total $91,728 · management and general $91,728
-
24e · All other expenses
total $150,440 · program services $0 · management and general $150,440 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,503,228 · end of year $71,310
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $1,159,113
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $122,097 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $881,847 · end of year $89,722
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $10,000
-
10a · Land, buildings and equipment: cost or other basis
$197,591,039
-
10b · Land, buildings and equipment: accumulated depreciation
$135,894,386
-
10c · Land, buildings and equipment, net
beginning of year $62,271,654 · end of year $61,696,653
-
11 · Investments: publicly traded securities
beginning of year $9,953,045 · end of year $1,784,783
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $13,060,331 · end of year $8,283,628
-
17 · Accounts payable and accrued expenses
beginning of year $1,635,659 · end of year $973,971
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $31,180,895 · end of year $21,875,276
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $2,473,374 · end of year $13,706,032
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $359,722
-
25 · Other liabilities
beginning of year $9,693,379 · end of year $8,702,313
-
27 · Net assets without donor restrictions
beginning of year -$13,947,950 · end of year -$17,069,694
-
28 · Net assets with donor restrictions
beginning of year $57,756,845 · end of year $44,547,589
Mission and programs · 2024
Mission
AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE AWARDING OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES.
-
AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE AWARDING OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES.
Expenses $1,000,000 · Revenue $79,700
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel B ColemanDANIEL B COLEMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Andy NewtonANDY NEWTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ashley MeneguzziASHLEY MENEGUZZI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bryson StephensBRYSON STEPHENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carl Dalton Nesmith IIICARL DALTON NESMITH III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David M SmithDAVID M SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Delynn M ZellDELYNN M ZELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Denson N Franklin IIIDENSON N FRANKLIN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Denzel E OkinedoDENZEL E OKINEDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Derry BuntingDERRY BUNTING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth M DunnELIZABETH M DUNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joab M Lesene IIIJOAB M LESENE III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joelle PhillipsJOELLE PHILLIPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ragan CainRAGAN CAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Keith ThompsonREV KEITH THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard B YeildingRICHARD B YEILDING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandra B ThurmondSANDRA B THURMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott SelmanSCOTT SELMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan D DoughtonSUSAN D DOUGHTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas WatersTHOMAS WATERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Victoria Lee VanvalkenburghVICTORIA LEE VANVALKENBURGH
BOARD MEMBER
- 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.
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.
-
BIRMINGHAM-SOUTHERN REAL ESTATE HOLDING
REAL ESTATE · AL · income $0 · assets $19,659,635
Directly controlled by BIRMINGHAM-SOUTHERN COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 April 2026
- IRS schema version
- 2024v5.1
- Source object
- 202601039349300235
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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