Form 990 for tax year 2022
Filed by ALCORN STATE UNIVERSITY FOUNDATION INCORPORATED.
Totals
- Total revenue
- $5,334,604
- Total expenses
- $1,805,556
- Contributions and grants received
- $5,334,440
- Grants paid
- $1,662,397
- Program service revenue
- $0
- Investment income
- $164
- Other revenue
- $0
- Total assets, end of year
- $56,611,434
- Total liabilities, end of year
- $356,210
- Net assets or fund balances, end of year
- $56,255,224
- Program services expenses (Part IX)
- $1,662,397
- Management and general expenses
- $142,134
- Fundraising expenses
- $1,025
- Program service expenses (Part III)
- $1,662,397
Program services were 92.1% 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.
-
1f · All other contributions, gifts and grants
$5,334,440
-
3 · Investment income
total $164 · related or exempt $164
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $956,817 · program services $956,817
-
2 · Grants to domestic individuals
total $705,580 · program services $705,580
-
11e · Fees: professional fundraising services
total $1,025 · fundraising $1,025
-
11g · Fees: other
total $1,455 · management and general $1,455
-
13 · Office expenses
total $149 · management and general $149
-
14 · Information technology
total $6,262 · management and general $6,262
-
17 · Travel
total $17,195 · management and general $17,195
-
19 · Conferences, conventions and meetings
total $4,592 · management and general $4,592
-
24a · Other expenses: SUPPORT - ALWAYS ALCORN
total $70,720 · management and general $70,720
-
24b · Other expenses: SUPPORT - UNIVERSITY PR
total $17,813 · management and general $17,813
-
24c · Other expenses: SUPPORT - OTHER
total $17,266 · management and general $17,266
-
24d · Other expenses: TELEPHONE
total $3,700 · management and general $3,700
-
24e · All other expenses
total $2,982 · management and general $2,982
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,328,459 · end of year $7,857,507
-
2 · Savings and temporary cash investments
beginning of year $32,620 · end of year $32,620
-
10a · Land, buildings and equipment: cost or other basis
$95,094
-
10b · Land, buildings and equipment: accumulated depreciation
$49,658
-
10c · Land, buildings and equipment, net
beginning of year $45,436 · end of year $45,436
-
11 · Investments: publicly traded securities
beginning of year $48,667,489 · end of year $48,667,489
-
15 · Other assets
beginning of year $8,382 · end of year $8,382
-
17 · Accounts payable and accrued expenses
beginning of year $356,210 · end of year $356,210
-
27 · Net assets without donor restrictions
beginning of year $37,280,714 · end of year $38,382,490
-
28 · Net assets with donor restrictions
beginning of year $15,445,462 · end of year $17,872,734
Mission and programs · 2022
Mission
THE FOUNDATION IS A NON-PROFIT ORGANZATION THAT AIDS THE UNIVERSITY IN PROMOTING AND CULTURAL WELFARE, DEVELOPING AND EXPANDING FACILITIES, AND FACILITATING STUDIES, RESEARCH, AND OTHER ACADEMIC PERSUITS.
Activities or mission (Part I)
SEE ATTACHED STATEMENTS
-
ATHLETIC SUPPORT - TO PROVIDE GENERAL AND SPECIFIC FUNDING TO THE ATHLETIC DEPARTMENT OF ALCORN STATE UNIVERSITY.
Expenses $423,619 · Grants $423,619
-
SCHOLARSHIP SUPPORT - TO PROVIDE GENERAL AND SPECIFIC SCHOLARSHIP DOLLARS TO STUDENTS OF ALCORN STATE UNIVERSITY.
Expenses $705,580 · Grants $705,580
-
INSTITUTIONAL SUPPORT - TO PROVIDE GENERAL AND SPECIFIC FUNDING TO ALCORN STATE UNIVERSITY TO ASSIT WITH GENERAL OPERATIONAL EXPENSES.
Expenses $407,695 · Grants $407,695
-
ACADEMIC SUPPORT - TO PROVDE GENERAL AND SPECIFIC FUNDING TO THE ALCORN STATE UNIVERSITY TO ASSIST WITH GENERAL OPERATIONAL EXPENSE.
Expenses $125,503 · Grants $125,503
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert D Gage IVROBERT D GAGE IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Densel FlemingDENSEL FLEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Jesse E McGeeDR JESSE E MCGEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Shelby WilkesDR SHELBY WILKES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Charlie BridgesDR CHARLIE BRIDGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Anthony NewmanDR ANTHONY NEWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nathaniel HughesNATHANIEL HUGHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Zakiya NicksDR ZAKIYA NICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Marcus WardMARCUS WARD
EX OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Carla KirklandCARLA KIRKLAND
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.5
-
Lauren B MiddletonLAUREN B MIDDLETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Tracy CookDR TRACY COOK
EX OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Orpheus TriplettDR ORPHEUS TRIPLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike McCormickMIKE MCCORMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Dennis ThomasDR DENNIS THOMAS
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Wilbert JonesWILBERT JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
-
ALCORN STATE UNIVERSITY
$956,817
SUPPORT OF UNIVERSITY ADMINISTRATION, ACADEMICS, AND ATHLETICS
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.
-
ALCORN STATE UNIVERSITY
501(C)(3) · UNIVERSITY · MS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349324569
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