Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $145,210

• 1d · Related organizations

  $2,358,430

• 1e · Government grants (contributions)

  $7,556

• 1f · All other contributions, gifts and grants

  $82,217,731

• 1g · Noncash contributions included above

  $19,960,863

• 2a · Program service revenue: N/D PORTION OF CONTRIBUTION

  total $92,334 · related or exempt $92,334

• 2b · Program service revenue: PROG SRVC REGISTRATION

  total $55,122 · related or exempt $55,122

• 3 · Investment income

  total $6,745,998 · unrelated business -$1,444,329 · excluded $8,190,327

• 5 · Royalties

  total $69,912 · excluded $69,912

• 6a · Gross rents

  real property $880

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $880

• 6d · Net rental income or loss

  total $880 · excluded $880

• 7a · Gross sales of assets other than inventory

  securities $340,605,138

• 7b · Less cost or other basis and sales expenses

  securities $296,294,501

• 7c · Gain or loss

  securities $44,310,637

• 7d · Net gain or loss

  total $44,310,637 · unrelated business $85,727 · excluded $44,224,910

• 8a · Fundraising events: gross income

  $275,673

• 8a · Fundraising events: contributions included on line 1c

  $145,210

• 8b · Fundraising events: direct expenses

  $184,160

• 8c · Net income from fundraising events

  total $91,513 · excluded $91,513

• 11a · Other revenue: ADMIN COST RECOVERY

  total $3,102,805 · related or exempt $3,102,805

• 11b · Other revenue: MISCELLANEOUS

  total $3,195 · related or exempt $3,179 · unrelated business $16

• 11e · Other revenue, total

  $3,106,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $60,949,069 · program services $60,949,069

• 5 · Compensation of officers, directors and key employees

  total $562,969 · management and general $332,543 · fundraising $230,426

• 11a · Fees: management

  total $3,431,228 · program services $304,189 · management and general $1,958,117 · fundraising $1,168,922

• 11b · Fees: legal

  total $30,995 · program services $7,114 · management and general $18,513 · fundraising $5,368

• 11c · Fees: accounting

  total $102,000 · management and general $102,000

• 11g · Fees: other

  total $327,035 · program services $151,621 · management and general $74,160 · fundraising $101,254

• 12 · Advertising and promotion

  total $388,229 · program services $254,304 · management and general $15,422 · fundraising $118,503

• 13 · Office expenses

  total $697,059 · program services $474,795 · management and general $76,891 · fundraising $145,373

• 14 · Information technology

  total $1,278,980 · program services $64,930 · management and general $1,212,960 · fundraising $1,090

• 16 · Occupancy

  total $118,308 · program services $116,757 · management and general $13 · fundraising $1,538

• 17 · Travel

  total $807,183 · program services $214,240 · management and general $34,079 · fundraising $558,864

• 19 · Conferences, conventions and meetings

  total $179,172 · program services $81,068 · management and general $73,823 · fundraising $24,281

• 24a · Other expenses: OFFICIAL GUESTS AND ENT

  total $5,640,323 · program services $3,737,496 · management and general $239,853 · fundraising $1,662,974

• 24b · Other expenses: ADMINISTRATIVE COSTS

  total $584,847 · program services $78,294 · management and general $474,854 · fundraising $31,699

• 24c · Other expenses: OTHER NONPROFESSIONAL O

  total $541,822 · program services $336,366 · management and general $176,955 · fundraising $28,501

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $21,283,627 · end of year $55,578,114

• 3 · Pledges and grants receivable

  beginning of year $75,608,395 · end of year $76,469,831

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

  $1,669,852

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

  $289,535

• 10c · Land, buildings and equipment, net

  beginning of year $1,487,023 · end of year $1,380,317

• 11 · Investments: publicly traded securities

  beginning of year $335,194,322 · end of year $363,377,538

• 12 · Investments: other securities

  beginning of year $463,811,039 · end of year $560,930,974

• 15 · Other assets

  beginning of year $12,182,825 · end of year $14,913,281

• 17 · Accounts payable and accrued expenses

  beginning of year $535,893 · end of year $521,275

• 19 · Deferred revenue

  beginning of year $15,329 · end of year $119,935

• 25 · Other liabilities

  beginning of year $39,418,939 · end of year $43,629,792

• 27 · Net assets without donor restrictions

  beginning of year $44,158,474 · end of year $51,099,665

• 28 · Net assets with donor restrictions

  beginning of year $825,438,596 · end of year $977,279,388

The filer's explanations (Part III)

PART I, LINE 3

AUBURN UNIVERSITY FOUNDATION HAS NO EMPLOYEES; AUBURN UNIVERSITY IS THE COMMON PAYMASTER FOR AUBURN UNIVERSITY FOUNDATION. COMPENSATION IS BASED ON MARKET SURVEYS AND INTERNAL DATA COMPILED BY AUBURN UNIVERSITY'S HUMAN RESOURCES. AUBURN UNIVERSITY HAS A COMPENSATION COMMITTEE THAT MAY CONSIDER AND PROVIDE RECOMMENDATIONS TO THE BOARD ON POLICIES RELATED TO TOTAL COMPENSATION OF UNIVERSITY EMPLOYEES BALANCING GOOD STEWARDSHIP OF INSTITUTIONAL RESOURCES WITH PROMOTION OF A QUALITY WORK FORCE BY PROVIDING COMPETITIVE COMPENSATION.