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Nonprofiteer
← ALBANY STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by ALBANY STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$3,933,675
Total expenses
$3,037,524
Contributions and grants received
$3,316,949
Grants paid
$2,611,532
Program services expenses (Part IX)
$2,878,942
Management and general expenses
$145,974
Fundraising expenses
$12,608
Program service expenses (Part III)
$2,878,942

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bruce Melton

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Gregory Hylick

    Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • Rachelle Scott

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • TaKeshia Thomas

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Simmons

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Graham Edwards

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Lawrence Drake III

    Interim President of ASU

    Total calculated
    $190,903
    From this org
    $0
    From related orgs
    $164,233
    Other
    $26,670
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,633 related
    Bonus
    $0
    Other
    $0 + $20,600 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,670 related
    Filer's total
    $0 + $190,903 related

  • Maria Boynton

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Marion Federick

    President of ASU, outgoing

    Total calculated
    $235,516
    From this org
    $0
    From related orgs
    $182,068
    Other
    $53,448
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,468 related
    Bonus
    $0
    Other
    $0 + $20,600 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $53,448 related
    Filer's total
    $0 + $235,516 related

  • Mark Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Marvin Laster

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Scott

    President of ASU, incoming

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Vinson Davis

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Virgil Adams

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Virginia Harris

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Valerie Melton

    Executive Director

    Total calculated
    $203,800
    From this org
    $0
    From related orgs
    $168,500
    Other
    $35,300
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,300 related
    Filer's total
    $0 + $203,800 related

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 — 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.1
Source object
202601339349308645

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