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Nonprofiteer
← HIGHER EDUCATION PARTNERSHIP FOUNDATION INC

Form 990 for tax year 2023

Filed by HIGHER EDUCATION PARTNERSHIP FOUNDATION INC.

Totals

Total revenue
$545,384
Total expenses
$337,202
Contributions and grants received
$541,101
Grants paid
$37,667
Program service revenue
$0
Investment income
$4,283
Other revenue
$0
Total assets, end of year
$589,245
Total liabilities, end of year
$333,813
Net assets or fund balances, end of year
$255,432
Program services expenses (Part IX)
$337,202
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$337,202

Program services were 100.0% 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)

    $500,000

  • 1f · All other contributions, gifts and grants

    $41,101

  • 3 · Investment income

    total $4,283 · excluded $4,283

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $37,667 · program services $37,667

  • 11c · Fees: accounting

    total $8,515 · program services $8,515

  • 17 · Travel

    total $33 · program services $33

  • 19 · Conferences, conventions and meetings

    total $9,700 · program services $9,700

  • 24a · Other expenses: GRANT ADMINSTRATION EXP

    total $246,414 · program services $246,414

  • 24b · Other expenses: STUDENT RETENTION EXPEN

    total $33,708 · program services $33,708

  • 24c · Other expenses: MISCELLANEOUS

    total $1,000 · program services $1,000

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $165 · program services $165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $284,458 · end of year $577,745

  • 4 · Accounts receivable

    end of year $11,500

  • 17 · Accounts payable and accrued expenses

    end of year $914

  • 25 · Other liabilities

    beginning of year $237,208 · end of year $332,899

  • 27 · Net assets without donor restrictions

    beginning of year $47,250 · end of year $255,432

Mission and programs · 2023

Mission

TO ADVOCATE THE IMPORTANCE OF HIGHER EDUCATION IN BETTERING THE LIVES OF PEOPLE IN ALABAMA.

Activities or mission (Part I)

TO PROMOTE PUBLIC HIGHER EDUCATION IN THE STATE OF ALABAMA.

  • THE FOUNDATION PROVIDED LEADERSHIP TRAINING AND PROMOTED AWARENESS OF HIGHER EDUCATION IN THE STATE OF ALABAMA.

    Expenses $337,202 · Grants $37,667 · Revenue $545,384

As filed on the 2023 return.

Listed in Part VII

  • MARGARET GARNER MSRDLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR GUIN NANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CLEMIT SPRUIELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GORDON STONE

    EXECUTIVE DIRECTOR

    Total calculated
    $170,429
    From this org
    $0
    From related orgs
    $150,488
    Other
    $19,941
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $150,488 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,941 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $170,429 related

  • DIANE CAUSEY

    SECRETARY/TREASURER

    Total calculated
    $25,500
    From this org
    $0
    From related orgs
    $25,500
    Other
    $0
    Hours/week
    5

  • MARY KATHRYN FLETCHER

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    5

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. 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

None.

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

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
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202510949349301321

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