Form 990 for tax year 2023
Filed by UNIVERSITY OF ALABAMA HUNTSVILLE FOUNDATION.
Totals
- Total revenue
- $14,841,435
- Total expenses
- $6,903,431
- Contributions and grants received
- $3,456,907
- Grants paid
- $3,788,110
- Program service revenue
- $0
- Investment income
- $5,839,541
- Other revenue
- $5,544,987
- Total assets, end of year
- $131,686,144
- Total liabilities, end of year
- $10,205,801
- Net assets or fund balances, end of year
- $121,480,343
- Program services expenses (Part IX)
- $3,788,110
- Management and general expenses
- $3,115,321
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,788,110
Program services were 54.9% 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
$3,456,907
-
1g · Noncash contributions included above
$945
-
3 · Investment income
total $4,021,583 · excluded $4,021,583
-
6a · Gross rents
real property $1,400
-
6c · Rental income or loss
real property $1,400
-
6d · Net rental income or loss
total $1,400 · excluded $1,400
-
7a · Gross sales of assets other than inventory
securities $21,109,631 · other assets $83,259
-
7b · Less cost or other basis and sales expenses
securities $19,294,748 · other assets $80,184
-
7c · Gain or loss
securities $1,814,883 · other assets $3,075
-
7d · Net gain or loss
total $1,817,958 · related or exempt $1,825,312 · unrelated business -$7,354
-
11a · Other revenue: CHAMBERS BOTTLING COMPANY LLC
total $4,611,313 · unrelated business $4,611,313
-
11b · Other revenue: BIG SPRINGS INC,
total $291,703 · related or exempt $291,703
-
11c · Other revenue: MISCELLANEOUS
total $258,950 · excluded $258,950
-
11d · All other revenue
total $381,621 · unrelated business $75,161 · excluded $306,460
-
11e · Other revenue, total
$5,543,587
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,788,110 · program services $3,788,110
-
11c · Fees: accounting
total $60,250 · management and general $60,250
-
11f · Fees: investment management
total $98,064 · management and general $98,064
-
11g · Fees: other
total $2,700 · management and general $2,700
-
16 · Occupancy
total $292 · management and general $292
-
24a · Other expenses: BAD DEBT EXPENSE
total $1,782,351 · management and general $1,782,351
-
24b · Other expenses: INCOME TAXES
total $1,144,243 · management and general $1,144,243
-
24c · Other expenses: CREDIT CARD FEES
total $14,644 · management and general $14,644
-
24d · Other expenses: BANK FEES
total $10,116 · management and general $10,116
-
24e · All other expenses
total $2,661 · management and general $2,661
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,585,270 · end of year $24,528,808
-
3 · Pledges and grants receivable
beginning of year $5,153,777 · end of year $2,217,009
-
10a · Land, buildings and equipment: cost or other basis
$220,969
-
10c · Land, buildings and equipment, net
beginning of year $220,969 · end of year $220,969
-
11 · Investments: publicly traded securities
beginning of year $72,734,203 · end of year $79,056,502
-
12 · Investments: other securities
beginning of year $5,828,820 · end of year $6,099,062
-
15 · Other assets
beginning of year $19,435,628 · end of year $19,563,794
-
17 · Accounts payable and accrued expenses
beginning of year $310,197 · end of year $734,548
-
18 · Grants payable
beginning of year $12,000,000 · end of year $9,465,162
-
24 · Unsecured notes and loans payable
beginning of year $32,616
-
25 · Other liabilities
beginning of year $909,754 · end of year $6,091
-
27 · Net assets without donor restrictions
beginning of year $54,510,645 · end of year $68,378,389
-
28 · Net assets with donor restrictions
beginning of year $53,195,455 · end of year $53,101,954
Mission and programs · 2023
Mission
PROVIDE SUPPORT TO THE UNIVERSITY OF ALABAMA IN HUNTSVILLE THROUGH CONTRIBUTIONS TO SCHOOL PROGRAMS AND STUDENT SCHOLARSHIPS
-
PROVIDE SUPPORT TO THE UNIVERSITY OF ALABAMA IN HUNTSVILLE
Expenses $3,788,110 · Grants $3,788,110
As filed on the 2023 return.
Listed in Part VII
-
Finis E St John IVFINIS E ST JOHN IV
CHANCELLOR
- Total calculated
- $1,248,060
- From this org
- $0
- From related orgs
- $1,119,003
- Other
- $129,057
- Hours/week
- 0.1
Schedule J breakdown matched by us
- Base
- not reported + $765,736 related
- Bonus
- not reported + $236,277 related
- Other
- not reported + $116,990 related
- Deferred
- not reported + $116,223 related
- Nontaxable benefits
- not reported + $12,834 related
- Filer's total
- not reported + $1,248,060 related
-
Sid J TrantSID J TRANT
INTERIM CHAN
- Total calculated
- $696,684
- From this org
- $0
- From related orgs
- $618,949
- Other
- $77,735
- Hours/week
- 0.1
Schedule J breakdown matched by us
- Base
- not reported + $600,151 related
- Bonus
- not reported
- Other
- not reported + $18,798 related
- Deferred
- not reported + $52,253 related
- Nontaxable benefits
- not reported + $25,482 related
- Filer's total
- not reported + $696,684 related
-
Charles L KarrCHARLES L KARR
EX OFFICIO,
- Total calculated
- $645,057
- From this org
- $0
- From related orgs
- $645,057
- Other
- $0
- Hours/week
- 0.1
Schedule J breakdown matched by us
- Base
- not reported + $641,040 related
- Bonus
- not reported
- Other
- not reported + $4,017 related
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $645,057 related
-
Todd M BarreTODD M BARRE
EX-OFFICO
- Total calculated
- $322,757
- From this org
- $0
- From related orgs
- $322,757
- Other
- $0
- Hours/week
- 0.25
Schedule J breakdown matched by us
- Base
- not reported + $319,841 related
- Bonus
- not reported
- Other
- not reported + $2,916 related
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $322,757 related
-
Mallie S HaleMALLIE S HALE
EXECUTIVE DI
- Total calculated
- $195,379
- From this org
- $0
- From related orgs
- $195,379
- Other
- $0
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- not reported + $194,965 related
- Bonus
- not reported
- Other
- not reported + $414 related
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $195,379 related
-
Amit AroraAMIT ARORA
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Dr Marcus J BendicksonDR MARCUS J BENDICKSON
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.25
-
Phil BentleyPHIL BENTLEY
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Dr Chia-Hwa ChanDR CHIA-HWA CHAN
TRUSTEE EMER
- Total calculated
- $0
- Hours/week
- 0
-
Kathy L ChanKATHY L CHAN
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Van CorumVAN CORUM
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
S Dagnal Rowe EsqS DAGNAL ROWE ESQ
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Ronald GrayRONALD GRAY
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
Linda L GreenLINDA L GREEN
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Jeff GronbergJEFF GRONBERG
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
John S HendricksJOHN S HENDRICKS
TRUSTEE EMER
- Total calculated
- $0
- Hours/week
- 0
-
Pam HudsonPAM HUDSON
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Eric St JohnERIC ST JOHN
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
A Eugene Sapp JrA EUGENE SAPP JR
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Carl J Gessler JrCARL J GESSLER JR
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
James R Hudson JrJAMES R HUDSON JR
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
William H Johnston JrWILLIAM H JOHNSTON JR
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Kim Caudle LewisKIM CAUDLE LEWIS
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Elizabeth J LoweELIZABETH J LOWE
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Peter L LowePETER L LOWE
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Robert MayesROBERT MAYES
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Ron PoteatRON POTEAT
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Gurmej SandhuGURMEJ SANDHU
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
J Michael SegrestJ MICHAEL SEGREST
COMMITTE CHA
- Total calculated
- $0
- Hours/week
- 0.25
-
Sangeeta SinghalSANGEETA SINGHAL
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Ina Wilson SmithINA WILSON SMITH
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Jan SmithJAN SMITH
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Linda J SmithLINDA J SMITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Jean TempletonJEAN TEMPLETON
LIFE MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Lynn TroyLYNN TROY
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Irma L TuderIRMA L TUDER
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Barbara WadsworthBARBARA WADSWORTH
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Ken WatsonKEN WATSON
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael WicksMICHAEL WICKS
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
John R WynnJOHN R WYNN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25
-
Tom YoungTOM YOUNG
TERM MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
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. 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
-
THE UNIVERSITY OF AL IN HUNTSVILLE
$2,350,585
CONTRIBUTIONS
-
THE UNIVERSITY OF AL IN HUNTSVILLE
$1,437,525
SCHOLARSHIPS
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.
-
SEE ATTACHED
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CHAMBER'S BOTTLING COMPANY LLC
UNRELATED · SOFTDRINKS · AL · 39% owned · share of income $4,479,797 · share of assets $10,347,487
-
LOWE JONES BLUE LLC
UNRELATED · REAL ESTAT · AL · 44.44% owned · share of income $75,161
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BIG SPRINGS INC
C CORP · MANF. SOFT · AL · 42% owned · share of income $291,703 · share of assets $8,021,139
-
WESTLAKE DEVELOPMENT LLC
S CORP · REAL ESTAT · AL · 44.44% owned · share of income $153,685 · share of assets $1,542,413
-
MADISON MEMPHIS LLC
S CORP · REAL ESTAT · AL · 44.44% owned · share of income $50,646 · share of assets $676,967
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501149349301905
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