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Nonprofiteer
← ALBANY STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2023

Filed by ALBANY STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$1,997,259
Total expenses
$907,416
Contributions and grants received
$1,607,521
Grants paid
$690,000
Program services expenses (Part IX)
$763,699
Management and general expenses
$123,252
Fundraising expenses
$20,465
Program service expenses (Part III)
$763,699

Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Marion Fedrick

    President of ASU

    Total calculated
    $324,124
    From this org
    $0
    From related orgs
    $324,124
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,124 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $324,124 related

  • Valerie Melton

    Executive Director

    Total calculated
    $202,835
    From this org
    $0
    From related orgs
    $168,000
    Other
    $34,835
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $0 + $168,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,835 related
    Filer's total
    $0 + $202,835 related

  • Gregory Hylick

    Chair

    Total calculated
    $0
    Hours/week
    0

  • Rachelle Scott

    Vice Chair

    Total calculated
    $0
    Hours/week
    0

  • TaKeshia Thomas

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Bruce Melton

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Graham Edwards

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Daniel Simmons

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Carolyn Jernigan-Glenn

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Virginia Harris

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Marvin Laster

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Virgil Adams

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Vinson Davis

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Maria Boynton

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Mark Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Stan Brown

    Chief Financial Officer

    Total calculated
    $92,039
    From this org
    $0
    From related orgs
    $64,582
    Other
    $27,457
    Hours/week
    40

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349313949

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