Form 990 for tax year 2023
Filed by ALABAMA A & M UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $5,808,272
- Total expenses
- $1,651,422
- Contributions and grants received
- $4,472,948
- Grants paid
- $485,650
- Program service revenue
- $0
- Investment income
- $591,616
- Other revenue
- $743,708
- Total assets, end of year
- $24,857,763
- Total liabilities, end of year
- $13,374,797
- Net assets or fund balances, end of year
- $11,482,966
- Program services expenses (Part IX)
- $850,610
- Management and general expenses
- $800,812
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $850,610
Program services were 51.5% 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
$4,472,948
-
3 · Investment income
total $591,616 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $4,925
-
6c · Rental income or loss
real property $4,925
-
6d · Net rental income or loss
total $4,925 · related or exempt $4,925
-
11a · Other revenue: Miscellaneous Revenue
total $738,783 · related or exempt $738,783 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$738,783
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $485,650 · program services $485,650
-
11a · Fees: management
total $801,659 · program services $71,150 · management and general $730,509 · fundraising $0
-
16 · Occupancy
total $1,191 · program services $1,191 · management and general $0 · fundraising $0
-
20 · Interest
total $54,266 · program services $54,266 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $70,303 · program services $0 · management and general $70,303 · 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 $189,149 · program services $189,149 · 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 $49,204 · program services $49,204 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,302,638 · end of year $7,579,635
-
4 · Accounts receivable
beginning of year $27,233 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,467,518
-
10b · Land, buildings and equipment: accumulated depreciation
$70,303
-
10c · Land, buildings and equipment, net
beginning of year $2,467,518 · end of year $2,397,215
-
12 · Investments: other securities
beginning of year $8,510,472 · end of year $14,880,913
-
17 · Accounts payable and accrued expenses
beginning of year $30,000 · end of year $512,754
-
23 · Secured mortgages and notes payable
beginning of year $1,094,606 · end of year $914,120
-
25 · Other liabilities
beginning of year $13,072,859 · end of year $11,947,923
-
27 · Net assets without donor restrictions
beginning of year $2,429,805 · end of year $4,980,849
-
28 · Net assets with donor restrictions
beginning of year $3,680,591 · end of year $6,502,117
Mission and programs · 2023
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 $850,610
As filed on the 2023 return.
Listed in Part VII
-
Kevin Ball
Member
- Total calculated
- $0
- Hours/week
- 1
-
Paul Bryant
Member
- Total calculated
- $0
- Hours/week
- 1
-
Braque Talley
Member
- Total calculated
- $0
- Hours/week
- 1
-
Richard Crumkleton
Member
- Total calculated
- $0
- Hours/week
- 1
-
Marth Ochtemeir
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jamal Ali
Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel K Wims
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Michael Sutller
Member
- Total calculated
- $0
- Hours/week
- 1
-
Carlton Spellman
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sonya Vette
Member
- Total calculated
- $0
-
Michael Miller
Member
- Total calculated
- $0
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.
-
ALABAMA A&M UNIVERSITY
115 · UNIVERSITY · AL
-
TRUST FOR EDUCATIONAL EXCELLENCE AT ALABAMA A&M UNIVERSITY
501(c)(3) · TRUST · AL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512279349303681
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.