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← UNIVERSITY OF SOUTH ALABAMA GENERAL LIABILITY PROGRAM

Form 990 for tax year 2023

Filed by UNIVERSITY OF SOUTH ALABAMA GENERAL LIABILITY PROGRAM.

Totals

Total revenue
$2,184,232
Total expenses
$1,380,199
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,006,168
Investment income
$178,064
Other revenue
$0
Total assets, end of year
$8,836,800
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,836,800
Program services expenses (Part IX)
$1,380,199
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,380,199

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: INSURANCE PREMIUMS

    total $2,006,168 · related or exempt $2,006,168

  • 3 · Investment income

    total $208,693 · excluded $208,693

  • 7a · Gross sales of assets other than inventory

    securities $2,408,048

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

    securities $2,438,677

  • 7c · Gain or loss

    securities -$30,629

  • 7d · Net gain or loss

    total -$30,629 · excluded -$30,629

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $35,773 · program services $35,773

  • 9 · Other employee benefits

    total $13,872 · program services $13,872

  • 11b · Fees: legal

    total $329,300 · program services $329,300

  • 11f · Fees: investment management

    total $28,396 · program services $28,396

  • 11g · Fees: other

    total $690 · program services $690

  • 13 · Office expenses

    total $1,823 · program services $1,823

  • 17 · Travel

    total $432 · program services $432

  • 23 · Insurance

    total $895,180 · program services $895,180

  • 24a · Other expenses: CLAIMS PAID

    total $56,239 · program services $56,239

  • 24b · Other expenses: ADMINISTRATION FEES

    total $18,494 · program services $18,494

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $361,378 · end of year $438,098

  • 11 · Investments: publicly traded securities

    beginning of year $6,327,976 · end of year $8,398,702

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,689,354 · end of year $8,836,800

Mission and programs · 2023

Mission

PROVIDE RISK MANAGEMENT SERVICES FOR THE BENEFIT OF THE SPONSORING TAX EXEMPT ENTITIES, INCLUDING EDUCATION OF EMPLOYEES THEREOF.

  • RISK MANAGEMENT SERVICES FOR THE BENEFIT OF THE SPONSORING TAX-EXEMPT ENTITIES, INCLUDING EDUCATION OF EMPLOYEES ON LIABILITY AND PROCESSING INCURRED LIABILITIES.

    Expenses $1,380,199 · Revenue $2,006,168

As filed on the 2023 return.

Listed in Part VII

  • Jo Bonner

    DIRECTOR, PA

    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

  • Andi Kent

    DIRECTOR, PA

    Total calculated
    $619,739
    From this org
    $0
    From related orgs
    $536,005
    Other
    $83,734
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $534,780 related
    Bonus
    not reported
    Other
    not reported + $1,225 related
    Deferred
    not reported + $68,340 related
    Nontaxable benefits
    not reported + $15,394 related
    Filer's total
    not reported + $619,739 related

  • Kristin Dukes

    DIRECTOR, PA

    Total calculated
    $351,277
    From this org
    $0
    From related orgs
    $297,531
    Other
    $53,746
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $295,969 related
    Bonus
    not reported
    Other
    not reported + $1,562 related
    Deferred
    not reported + $38,270 related
    Nontaxable benefits
    not reported + $15,476 related
    Filer's total
    not reported + $351,277 related

  • Kristen Roberts

    DIRECTOR, PA

    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, PA

    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

  • Constance G Cook

    DIRECTOR, PA

    Total calculated
    $185,581
    From this org
    $0
    From related orgs
    $150,746
    Other
    $34,835
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $149,676 related
    Bonus
    not reported
    Other
    not reported + $1,070 related
    Deferred
    not reported + $19,447 related
    Nontaxable benefits
    not reported + $15,388 related
    Filer's total
    not reported + $185,581 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, 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

Provenance

Return type
form_990
Tax year
2023
Filed
21 July 2025
IRS schema version
2023v6.0
Source object
202532049349301033

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