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Nonprofiteer
← JACKSONVILLE STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by JACKSONVILLE STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$15,706,098
Total expenses
$13,370,066
Contributions and grants received
$4,565,232
Grants paid
$4,819,105
Program service revenue
$4,579,287
Investment income
$4,363,786
Other revenue
$2,197,793
Total assets, end of year
$231,700,279
Total liabilities, end of year
$178,875,726
Net assets or fund balances, end of year
$52,824,553
Program services expenses (Part IX)
$12,800,413
Management and general expenses
$416,918
Fundraising expenses
$152,735
Program service expenses (Part III)
$12,800,413

Program services were 95.7% 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

    $4,565,232

  • 1g · Noncash contributions included above

    $259,887

  • 2a · Program service revenue: FITNESS & WELLNESS CENTER INCOME

    total $4,235,000 · related or exempt $4,235,000

  • 2b · Program service revenue: DEPARTMENT MANAGEMENT FEE INCOME

    total $344,287 · related or exempt $344,287

  • 3 · Investment income

    total $2,702,531 · excluded $2,702,531

  • 5 · Royalties

    total $55,605 · excluded $55,605

  • 6a · Gross rents

    real property $30,203

  • 6b · Less rental expenses

    real property $9,309

  • 6c · Rental income or loss

    real property $20,894

  • 6d · Net rental income or loss

    total $20,894 · unrelated business -$5,516 · excluded $26,410

  • 7a · Gross sales of assets other than inventory

    securities $18,102,188 · other assets $5,000

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

    securities $15,852,144 · other assets $593,789

  • 7c · Gain or loss

    securities $2,250,044 · other assets -$588,789

  • 7d · Net gain or loss

    total $1,661,255 · unrelated business -$111 · excluded $1,661,366

  • 11a · Other revenue: OTHER INCOME

    total $2,121,294 · related or exempt $2,121,464 · unrelated business -$170

  • 11e · Other revenue, total

    $2,121,294

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,248,626 · program services $4,248,626

  • 2 · Grants to domestic individuals

    total $570,479 · program services $570,479

  • 11a · Fees: management

    total $1,764,218 · program services $1,764,218

  • 11b · Fees: legal

    total $15,477 · management and general $15,477

  • 11c · Fees: accounting

    total $40,455 · management and general $40,455

  • 11f · Fees: investment management

    total $326,793 · program services $326,793

  • 12 · Advertising and promotion

    total $187,907 · management and general $187,907

  • 13 · Office expenses

    total $295,610 · program services $295,610

  • 14 · Information technology

    total $135,518 · program services $135,518

  • 16 · Occupancy

    total $673,555 · program services $673,555

  • 17 · Travel

    total $228,522 · program services $228,522

  • 19 · Conferences, conventions and meetings

    total $216,703 · program services $216,703

  • 20 · Interest

    total $1,749,961 · program services $1,749,961

  • 22 · Depreciation, depletion and amortization

    total $1,586,966 · program services $1,586,966

  • 23 · Insurance

    total $70,739 · program services $70,739

  • 24a · Other expenses: MEALS AND RECEPTIONS

    total $453,368 · program services $453,368

  • 24b · Other expenses: FUNDRAISING

    total $152,735 · fundraising $152,735

  • 24c · Other expenses: ATHLETIC TICKETS

    total $121,798 · management and general $121,798

  • 24d · Other expenses: BAD DEBT

    total $107,105 · program services $107,105

  • 24e · All other expenses

    total $423,531 · program services $372,250 · management and general $51,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,708,873 · end of year $72,995,905

  • 4 · Accounts receivable

    beginning of year $4,596,265 · end of year $5,373,864

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,434 · end of year $140,977

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

    $113,186,769

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

    $7,471,069

  • 10c · Land, buildings and equipment, net

    beginning of year $38,185,183 · end of year $105,715,700

  • 11 · Investments: publicly traded securities

    beginning of year $39,395,641 · end of year $45,839,140

  • 15 · Other assets

    beginning of year $1,456,992 · end of year $1,634,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $924,582 · end of year $8,454,882

  • 20 · Tax-exempt bond liabilities

    beginning of year $42,426,634 · end of year $167,610,848

  • 25 · Other liabilities

    beginning of year $2,583,086 · end of year $2,809,996

  • 27 · Net assets without donor restrictions

    beginning of year -$719,447 · end of year $2,040,708

  • 28 · Net assets with donor restrictions

    beginning of year $47,221,533 · end of year $50,783,845

Mission and programs · 2023

Mission

THE JACKSONVILLE STATE UNIVERSITY FOUNDATION ENCOURAGES AND MAXIMIZES PRIVATE GIFT SUPPORT FOR THE UNIVERSITY AND MANAGES AND INVESTS GIFTS WITH PRUDENCE, COMPETENCE AND INTEGRITY.

Activities or mission (Part I)

THE OVERALL PURPOSE IS TO MAXIMIZE PRIVATE GIFT SUPPORT FOR JACKSONVILLE STATE UNIVERSITY

  • THE FOUNDATION IS LAYING THE GROUNDWORK FOR THE FUTURE FUNDRAISING SUCCESS IN ORDER TO AID THE UNIVERSITY IN FULFILLING ITS OWN MISSION OF EXCELLENCE IN EDUCATION, RESEARCH, AND SERVICE.

    Expenses $12,800,413 · Grants $4,819,105 · Revenue $6,700,751

As filed on the 2023 return.

Listed in Part VII

  • Cindy Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr John Sneed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronnie Clayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Gordon Sumner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Chambers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Greg Sumner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcus Angle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John T Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vickie Saxon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Morrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Smiley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Orange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susie Pinkard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Hedden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Alan Medders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Bass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheri Harbison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Braxton Wade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Howell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Don Killingsworth

    PRESIDENT

    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

  • JACKSONVILLE STATE UNIVERSITY

    $4,248,626

    SUPPORT DEPARTMENTAL & PROGRAM BUDGETS

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.

  • JSUF REAL ESTATE HOLDING CO LLC

    TO HOLD REAL ESTATE · AL · income $0 · assets $40,797

    Directly controlled by JACKSONVILLE STATE UNIVERSITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202403099349301950

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