Form 990 for tax year 2023
Filed by UNIVERSITY OF MONTEVALLO FOUNDATION.
Totals
- Total revenue
- $10,937,828
- Total expenses
- $3,559,455
- Contributions and grants received
- $7,627,989
- Grants paid
- $1,431,331
- Program service revenue
- $779,269
- Investment income
- $2,504,370
- Other revenue
- $26,200
- Total assets, end of year
- $72,621,815
- Total liabilities, end of year
- $407,448
- Net assets or fund balances, end of year
- $72,214,367
- Program services expenses (Part IX)
- $3,122,071
- Management and general expenses
- $437,384
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,122,071
Program services were 87.7% 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.
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$7,617,989
-
1g · Noncash contributions included above
$1,281,752
-
2a · Program service revenue: PROGRAM REVENUE
total $779,269 · related or exempt $779,269
-
3 · Investment income
total $1,684,495 · excluded $1,684,495
-
6a · Gross rents
real property $26,200
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $26,200
-
6d · Net rental income or loss
total $26,200 · excluded $26,200
-
7a · Gross sales of assets other than inventory
securities $17,383,663 · other assets $531,559
-
7b · Less cost or other basis and sales expenses
securities $16,809,347 · other assets $286,000
-
7c · Gain or loss
securities $574,316 · other assets $245,559
-
7d · Net gain or loss
total $819,875 · excluded $819,875
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $84,000 · program services $84,000
-
2 · Grants to domestic individuals
total $1,347,331 · program services $1,347,331
-
11b · Fees: legal
total $2,050 · program services $2,050
-
11c · Fees: accounting
total $69,433 · management and general $69,433
-
11f · Fees: investment management
total $286,316 · management and general $286,316
-
11g · Fees: other
total $146,140 · program services $146,140
-
13 · Office expenses
total $743 · program services $743
-
17 · Travel
total $420,097 · program services $420,097
-
22 · Depreciation, depletion and amortization
total $8,739 · program services $8,739
-
23 · Insurance
total $26,238 · management and general $26,238
-
24a · Other expenses: FACILITIES ENHANCEMENT
total $472,088 · program services $472,088
-
24b · Other expenses: ACADEMIC PROGRAM SUPPOR
total $166,172 · program services $166,172
-
24c · Other expenses: SUPPLIES
total $155,901 · program services $155,901
-
24d · Other expenses: LUNCHEONS & RECEPTIONS
total $111,957 · program services $111,957
-
24e · All other expenses
total $262,250 · program services $206,853 · management and general $55,397
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,997,983 · end of year $2,884,739
-
2 · Savings and temporary cash investments
beginning of year $1,654,346 · end of year $2,038,329
-
3 · Pledges and grants receivable
beginning of year $1,264,291 · end of year $5,239,318
-
10a · Land, buildings and equipment: cost or other basis
$755,918
-
10b · Land, buildings and equipment: accumulated depreciation
$222,719
-
10c · Land, buildings and equipment, net
beginning of year $827,938 · end of year $533,199
-
11 · Investments: publicly traded securities
beginning of year $50,340,096 · end of year $61,926,230
-
17 · Accounts payable and accrued expenses
beginning of year $34,162 · end of year $9,095
-
21 · Escrow or custodial account liability
beginning of year $361,490 · end of year $383,466
-
25 · Other liabilities
beginning of year $423,644 · end of year $14,887
-
27 · Net assets without donor restrictions
beginning of year $11,385,230 · end of year $13,525,627
-
28 · Net assets with donor restrictions
beginning of year $44,880,128 · end of year $58,688,740
Mission and programs · 2023
Mission
THE UNIVERSITY OF MONTEVALLO FOUNDATION OPERATES TO ADVANCE THE MISSION OF THE UNIVERSITY OF MONTEVALLO IN ALL OF ITS EDUCATIONAL, INSTRUCTIONAL, SERVICE, CHARITABLE, AND OUTREACH ENDEAVORS. THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RECEIVE, SOLICIT, ACCEPT, HOLD, ADMINISTER, USE, INVEST, ENDOW, AND DISBURSE PRIVATE PHILANTHROPIC GIFTS, BEQUESTS, DEVISES, AND ALL TYPES OF PROPERTY FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY.
Activities or mission (Part I)
THE UNIVERSITY OF MONTEVALLO FOUNDATION IS AN INDEPENDENT, SELF-GOVERNED, PRIVATE CORPORATION. ITS PURPOSE IS TO SOLICIT, RECEIVE, DEVELOP, MANAGE AND DISBURSE FINANCIAL GIFTS AND OTHER RESOURCES, AND TO SUPPORT THE EDUCATIONAL, DEVELOPMENT AND SOCIAL PROGRAMS AND EXPERIENCES FOR THE STUDENTS OF THE UNIVERSITY OF MONTEVALLO.
-
SCHOLARSHIPS - THE FOUNDATION AWARDED SCHOLARSHIPS TO 1,655 UNIVERSITY STUDENTS.
Expenses $1,347,331 · Grants $1,347,331
-
ACADEMIC SUPPORT - ACTIVITIES INCLUDE PROVIDING FUNDING FOR EDUCATIONAL SEMINARS, EDUCATIONAL MATERIALS, AND CONSULTANTS THAT ARE UTILIZED BY THE FACULTY OF THE UNIVERSITY OF MONTEVALLO.
Expenses $803,885
-
PROGRAM MANAGEMENT - INCLUDES AMOUNTS PAID TO THE UNIVERSITY OF MONTEVALLO FOR EQUIPMENT AND/OR FUNDRAISING SUPPORT.
Expenses $970,855 · Grants $84,000 · Revenue $976,968
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James MossJAMES MOSS
CHAIRMAN (SINCE 08/11)
- Total calculated
- $0
- Hours/week
- 1
-
David PickettDAVID PICKETT
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mitt SchroederMITT SCHROEDER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Amy NenadovichAMY NENADOVICH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James Cavale IIIJAMES CAVALE III
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracey Morant-AdamsTRACEY MORANT-ADAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark EilandMARK EILAND
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George EthridgeGEORGE ETHRIDGE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin GardnerKEVIN GARDNER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Connie Sheppard HarrisCONNIE SHEPPARD HARRIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn DuncanCAROLYN DUNCAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kittilax KridakornKITTILAX KRIDAKORN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffery PurvisJEFFERY PURVIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob BakerBOB BAKER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eddie BakerEDDIE BAKER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clayton NordanCLAYTON NORDAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John CoxJOHN COX
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melanie PooleMELANIE POOLE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Raymond BellRAYMOND BELL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barbara SloanBARBARA SLOAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alison SteinekerALISON STEINEKER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas WhitingTHOMAS WHITING
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Denise WoodhamDENISE WOODHAM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brigette WrightBRIGETTE WRIGHT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott DillardSCOTT DILLARD
EXECUTIVE VICE PRESIDENT
- Total calculated
- $127,393
- From this org
- $109,192
- From related orgs
- $0
- Other
- $18,201
- Hours/week
- 24
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
-
PROGRAM FUNDING
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540449349301619
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