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← UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION

Form 990 for tax year 2023

Filed by UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION.

Totals

Total revenue
$15,718
Total expenses
$3,913
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,718
Investment income
$0
Other revenue
$0
Total assets, end of year
$57,886
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$57,886
Program services expenses (Part IX)
$3,913
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,913

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.

  • 2a · Program service revenue: INTELLECTUAL PROPERTY LICENSE

    total $15,718 · excluded $15,718

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: ROYALTY DISTRIBUTION

    total $3,913 · program services $3,913

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,272 · end of year $57,077

  • 7 · Other notes and loans receivable

    beginning of year $800 · end of year $800

  • 13 · Investments: program-related

    beginning of year $9 · end of year $9

  • 31 · Retained earnings, endowment or other funds

    beginning of year $46,081 · end of year $57,886

Mission and programs · 2023

Mission

FURTHER THE UNIVERSITY OF SOUTH ALABAMA'S EDUCATIONAL, RESEARCH, AND SERVICE MISSIONS BY COMMERCIALIZING INTELLECTUAL PROPERTY DEVELOPED BY UNIVERSITY FACULTY.

  • COMMERIALIZE INTELLECTUAL PROPERTY DEVELOPED BY UNIVERSITY FACULTY.

    Expenses $3,913 · Revenue $15,718

As filed on the 2023 return.

Listed in Part VII

  • Jo Bonner

    DIRECTOR/PRE

    Total calculated
    $745,863
    From this org
    $0
    From related orgs
    $682,921
    Other
    $62,942
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $681,365 related
    Bonus
    not reported
    Other
    not reported + $1,556 related
    Deferred
    not reported + $48,316 related
    Nontaxable benefits
    not reported + $14,626 related
    Filer's total
    not reported + $745,863 related

  • Lynne Chronister

    DIRECTOR/VIC

    Total calculated
    $320,673
    From this org
    $0
    From related orgs
    $271,716
    Other
    $48,957
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $263,627 related
    Bonus
    not reported
    Other
    not reported + $8,089 related
    Deferred
    not reported + $33,563 related
    Nontaxable benefits
    not reported + $15,394 related
    Filer's total
    not reported + $320,673 related

  • Kristen Roberts

    SECRETARY/TR

    Total calculated
    $313,053
    From this org
    $0
    From related orgs
    $266,904
    Other
    $46,149
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $266,579 related
    Bonus
    not reported
    Other
    not reported + $325 related
    Deferred
    not reported + $31,441 related
    Nontaxable benefits
    not reported + $14,708 related
    Filer's total
    not reported + $313,053 related

  • Polly Stokley

    DIRECTOR

    Total calculated
    $271,857
    From this org
    $0
    From related orgs
    $241,970
    Other
    $29,887
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported + $241,028 related
    Bonus
    not reported
    Other
    not reported + $942 related
    Deferred
    not reported + $22,190 related
    Nontaxable benefits
    not reported + $7,697 related
    Filer's total
    not reported + $271,857 related

  • Michael Chambers

    DIRECTOR/VIC

    Total calculated
    $258,180
    From this org
    $0
    From related orgs
    $225,397
    Other
    $32,783
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $221,049 related
    Bonus
    not reported
    Other
    not reported + $4,348 related
    Deferred
    not reported + $25,681 related
    Nontaxable benefits
    not reported + $7,102 related
    Filer's total
    not reported + $258,180 related

  • Glyn Agnew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Burton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Hoffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Hong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arlene Mitchell

    DIRECTOR/CHA

    Total calculated
    $0
    Hours/week
    1

  • David Trent

    DIRECTOR

    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. 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.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NOVALTECH LLC

    TECH TRANS · AL · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202542029349301209

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