Civic Intelligence

Alabama State University Trust

EIN 31-1635334 • 501(c)3 • Montgomery, AL

Profile

The charitable support of the alabama state university.

PO Box 271Montgomery, AL 36101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

91st percentile

50%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

5.4%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

48th percentile

6.5%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$113,149,368

Up $7,446,706 (+7.0%) from 2023

Liabilities

Down

$0

Down $2,026,105 (-100%) from 2023

Net Assets

Up

$113,149,368

Up $9,472,811 (+9.1%) from 2023

Operations
Liabilities / Revenue3rd percentileNet Margin91st percentile

Revenue

Up

$5,940,422

Up $7,848,908 (+411%) from 2023

Expenses

Up

$2,996,033

Up $313,761 (+12%) from 2023

Net Income

Up

$2,944,389

Up $7,535,147 (+164%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $52,401,284Liabilities 2010: $0Net Assets 2010: $52,401,2842010Assets 2012: $60,129,750Liabilities 2012: $252,499Net Assets 2012: $59,877,2512012Assets 2013: $66,758,054Liabilities 2013: $0Net Assets 2013: $66,758,0542013Assets 2014: $72,979,468Liabilities 2014: $0Net Assets 2014: $72,979,4682014Assets 2015: $77,056,280Liabilities 2015: $0Net Assets 2015: $77,056,2802015Assets 2016: $77,705,117Liabilities 2016: $0Net Assets 2016: $77,705,1172016Assets 2017: $83,757,027Liabilities 2017: $302,023Net Assets 2017: $83,455,0042017Assets 2018: $87,920,399Liabilities 2018: $0Net Assets 2018: $87,920,3992018Assets 2019: $90,613,066Liabilities 2019: $0Net Assets 2019: $90,613,0662019Assets 2020: $97,937,017Liabilities 2020: $0Net Assets 2020: $97,937,0172020Assets 2021: $112,873,590Liabilities 2021: $0Net Assets 2021: $112,873,5902021Assets 2022: $101,922,073Liabilities 2022: $0Net Assets 2022: $101,922,0732022Assets 2023: $105,702,662Liabilities 2023: $2,026,105Net Assets 2023: $103,676,5572023Assets 2024: $113,149,368Liabilities 2024: $0Net Assets 2024: $113,149,3682024

Highlighted filing

2024

Assets$113,149,368
Liabilities$0
Net Assets$113,149,368
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $693,6982010Expenses 2012: $1,147,2862012Expenses 2013: $1,585,5342013Revenue 2014: $7,200,620Expenses 2014: $1,127,010Net Income 2014: $6,073,6102014Revenue 2015: $7,853,759Expenses 2015: $436,277Net Income 2015: $7,417,4822015Revenue 2016: $808,591Expenses 2016: $796,133Net Income 2016: $12,4582016Revenue 2017: $4,310,073Expenses 2017: $1,751,914Net Income 2017: $2,558,1592017Revenue 2018: $6,379,829Expenses 2018: $2,078,282Net Income 2018: $4,301,5472018Revenue 2019: $4,308,243Expenses 2019: $2,402,437Net Income 2019: $1,905,8062019Revenue 2020: $4,341,347Expenses 2020: $986,550Net Income 2020: $3,354,7972020Revenue 2021: $12,381,049Expenses 2021: $1,113,381Net Income 2021: $11,267,6682021Revenue 2022: $5,237,608Expenses 2022: $1,038,002Net Income 2022: $4,199,6062022Revenue 2023: -$1,908,486Expenses 2023: $2,682,272Net Income 2023: -$4,590,7582023Revenue 2024: $5,940,422Expenses 2024: $2,996,033Net Income 2024: $2,944,3892024

Highlighted filing

2024

Revenue$5,940,422
Expenses$2,996,033
Net Income$2,944,389
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,149,368
Liabilities
$0
Net assets
$113,149,368
Revenue
$5,940,422
Expenses
$2,996,033
Net income
$2,944,389
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$113$0.00$113$5.94$3.00$2.94
2023Detailed filing. Detailed filing data is available for this year.$106$2.03$104$1.91$2.68$4.59
2022Detailed filing. Detailed filing data is available for this year.$102$0.00$102$5.24$1.04$4.20
2021Detailed filing. Detailed filing data is available for this year.$113$0.00$113$12.4$1.11$11.3
2020Detailed filing. Detailed filing data is available for this year.$97.9$0.00$97.9$4.34$0.99$3.35
2019Detailed filing. Detailed filing data is available for this year.$90.6$0.00$90.6$4.31$2.40$1.91
2018Detailed filing. Detailed filing data is available for this year.$87.9$0.00$87.9$6.38$2.08$4.30
2017Detailed filing. Detailed filing data is available for this year.$83.8$0.30$83.5$4.31$1.75$2.56
2016Detailed filing. Detailed filing data is available for this year.$77.7$0.00$77.7$0.81$0.80$0.01
2015Detailed filing. Detailed filing data is available for this year.$77.1$0.00$77.1$7.85$0.44$7.42
2014Detailed filing. Detailed filing data is available for this year.$73.0$0.00$73.0$7.20$1.13$6.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.8$0.00$66.8$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$0.25$59.9$1.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.4$0.00$52.4$0.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 9, 2025
Return Version
2023v6.0
Gross Receipts
$222,388,255
Mission and Program Overview

Mission

The trust seeks to support and improve educational excellence at alabama state university (the university) through the following: (1) granting of academic scholarships at the university, (2) endowment of academic chairs, (3) subsidizing of current faculty positions and (4) payment of fees and expenses for campus lectures and lecture series on the university's campus.

To support and improve educational excellence at alabama state university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$91,672,719$110,848,163▲ $19,175,444
Cash and Non-Interest-Bearing Accounts$13,929,611$1,866,650▼ $12,062,961
Accounts Receivable-$227,550-
Total Assets$105,702,662$113,149,368▲ $7,446,706
Other Assets Total$100,332$207,005▲ $106,673
Liabilities
Other Liabilities$2,026,105$0▼ $2,026,105
Total Liabilities$2,026,105$0▼ $2,026,105
Net Assets / Fund Balance
Net Assets With Donor Restrictions$103,676,557$113,149,368▲ $9,472,811
Total Net Assets Fund Balance$103,676,557$113,149,368▲ $9,472,811
Total Liabilities and Net Assets / Fund Balance$105,702,662$113,149,368▲ $7,446,706

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$103,676,557$34,443▲ $12,110,321$227,105$113,149,368
2022$101,922,073$99,770▲ $4,238,846$69,248$103,676,557
2021$112,873,590$75,693▼ $10,097,200$50,184$101,922,073
2020$97,937,017$323,658▲ $15,620,975$74,408$112,873,590
2019$90,613,066$157,197▲ $8,062,640$154,631$97,937,017
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brenda HunterPresident
Delbert MadisonPresident Protem
Angela MckenzieMember
Christopher SpencerMember
Darrell L HudsonMember
George GoreMember
Joe Whitt SrMember
Laraunce FlemingMember
Larry MeansMember
Mario LumzyMember
Napoleon Bracy JrMember
Pamela J WareMember
Paulette EdwardsMember
Tiffany B MccordMember
Revenue and Support

Revenue Composition

Contributions and Grants
$34,443
Program Service Revenue
$0
Investment Income
$5,905,979
Other Revenue
$0
All Other Contributions
$34,443
Change in Net Assets
$2,944,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,616,342
Revenue Not Reported on Financial Statements
$324,080
Revenue Not Reported on Form 990
$6,528,422
Total Revenue per Audited Statements
$12,144,764
Total Revenue per Form 990
$5,940,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,444,848
Other Expenses$551,185
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,250,000--$2,250,000
Fees for Service Investment Mgmnt Fees-$324,080-$324,080
Other Expenses$227,105--$227,105
Grants to Domestic Individuals$194,848--$194,848
Total Functional Expenses$2,671,953$324,080$0$2,996,033

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,996,033
Expenses per Audited Statements$2,671,953
Total Expenses per Audited Statements$2,671,953
Expenses Not Reported on Financial Statements$324,080
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alabama State UniversityMontgomery, AL115General Support$2,250,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 will be reviewed by the appropriate personnel designated by the organization and the university prior to filing and submission to the irs. The return will be provided to the full board of directors for review and approval as well.”

Form 990, Part VI, Section B, Line 12C

“The trust is operated and managed by board members and officers of alabama state university. Board members must adhere to board policies. Board policies are part of the university's by-laws and the state statute that created the university. University officers must also adhere to university and state policies regarding the disclosure of all potential conflicts of interest. The alabama ethics commission also enforces and monitors conflicts of interest by the organization's trustees, officers, and key employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents of the organization are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Alabama State University Trust
EIN
31-1635334
Phone
3342294223
Address
PO BOX 271, MONTGOMERY, AL 36101

Signing Officer

Name
Alondrea J Pritchett
Title
Vice President
Phone
3342294223
Signed
2025-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Quinton Ross
Formed
1998
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Warren Averett LLC
Address
105 TALLAPOOSA STREET STE 300, MONTGOMERY, AL 36104
Preparer
Lee C Parks CPA
Phone
3342712200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The organization made no changes to its oversight process or selection process during the tax year.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds of the trust are intended for (1) granting of academic scholarships at the university, (2) endowment of academic chairs, (3) subsidizing of current faculty positions and (4) payment of fees and expenses for campus lectures and lecture series on the university's campus.”

PART X, LINE 2:

“The trust is exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3). Accordingly, no provision for income taxes has been made in the accompanying financial statements. The trust follows the provisions of the financial accounting standards board (fasb) accounting standards codification (asc) guidance relating to uncertainty in income taxes. This guidance requires entities to assess their uncertain tax positions for the likelihood that they would be overturned upon internal revenue service (irs) examination or upon examination by state taxing authorities. In accordance with this guidance, the trust has determined that it does not have any positions at july 31, 2024 and 2023, that it would be unable to substantiate.”

Raw XML AppendixShowing 400 of 516 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AllOtherContributionsAmt034443
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum03342298399
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IRS990/BooksInCareOfDetail/USAddress/CityNm0MONTGOMERY
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IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
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IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/CYOtherExpensesAmt0551185
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt02944389
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02996033
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05940422
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IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm13JOE WHITT SR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT PROTEM
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02751797
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt02444848
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0194848
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0194848
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02250000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02250000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0219199630
IRS990/GrossReceiptsAmt0222388255
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt03154182
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03154182
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt091672719
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0110848163
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0216447833
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE TRUST SEEKS TO SUPPORT AND IMPROVE EDUCATIONAL EXCELLENCE AT ALABAMA STATE UNIVERSITY (THE UNIVERSITY) THROUGH THE FOLLOWING: (1) GRANTING OF ACADEMIC SCHOLARSHIPS AT THE UNIVERSITY, (2) ENDOWMENT OF ACADEMIC CHAIRS, (3) SUBSIDIZING OF CURRENT FACULTY POSITIONS AND (4) PAYMENT OF FEES AND EXPENSES FOR CAMPUS LECTURES AND LECTURE SERIES ON THE UNIVERSITY'S CAMPUS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0103676557
IRS990/NetAssetsOrFundBalancesEOYAmt0113149368
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02751797
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02751797
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06528422
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0100332
IRS990/OtherAssetsTotalGrp/EOYAmt0207005
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LECTURE SERIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0227105
IRS990/OtherExpensesGrp/TotalAmt0227105
IRS990/OtherLiabilitiesGrp/BOYAmt02026105
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR QUINTON ROSS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0OFFICIAL LECTURE SERIES SPONSORED BY THE NATIONAL CENTER FOR THE STUDY OF CIVIL RIGHTS AND AFRICAN-AMERICAN CULTURE AT ALABAMA STATE UNIVERSITY ARE HELD ANNUALLY OR TO COINCIDE WITH SPECIAL CIVIL RIGHTS ANNIVERSARY EVENTS OR OTHER SUCH OCCASIONS. EVENTS MAY FEATURE SCHOLARS, COMMUNITY LEADERS, EDUCATORS AND ARTISTS ON A VARIETY OF THEMES. A TOTAL OF 1,190 STUDENTS AND OTHERS FROM THE GENERAL POPULATION ATTENDED A COMBINATION OF 21 (18 WERE EDUCATIONAL SERVICES) OFFICIAL AND UNOFFICIAL LECTURE SERIES THAT WERE CONDUCTED IN FISCAL YEAR 2024 BY THE NATIONAL CENTER, WITH FUNDING FOR LECTURES PROVIDED THROUGH THE TRUST FOR EDUCATIONAL EXCELLENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0227105
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt099770
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02514884
IRS990/PYInvestmentIncomeAmt0-2008256
IRS990/PYOtherExpensesAmt0167388
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-4590758
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02682272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-1908486
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02944389
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0636001101
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02671953
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ALABAMA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02671953
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0103676557
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt034443
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0113149368
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02444848
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt012110321
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0227105
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0101922073
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt099770
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0103676557
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02514884
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04238846
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt069248
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0112873590
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt075693
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0101922073
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0879826
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-10097200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt050184
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt097937017
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0323658
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0112873590
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0933652
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015620975
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt074408
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt090613066
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0157197
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt097937017
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0741255
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08062640
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0154631
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0324080
IRS990ScheduleD/ExpensesSubtotalAmt02671953
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0324080
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0324080
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06528422
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.58000
IRS990ScheduleD/RevenueNotReportedAmt06528422
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0324080
IRS990ScheduleD/RevenueSubtotalAmt05616342
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS OF THE TRUST ARE INTENDED FOR (1) GRANTING OF ACADEMIC SCHOLARSHIPS AT THE UNIVERSITY, (2) ENDOWMENT OF ACADEMIC CHAIRS, (3) SUBSIDIZING OF CURRENT FACULTY POSITIONS AND (4) PAYMENT OF FEES AND EXPENSES FOR CAMPUS LECTURES AND LECTURE SERIES ON THE UNIVERSITY'S CAMPUS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE TRUST FOLLOWS THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) GUIDANCE RELATING TO UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES ENTITIES TO ASSESS THEIR UNCERTAIN TAX POSITIONS FOR THE LIKELIHOOD THAT THEY WOULD BE OVERTURNED UPON INTERNAL REVENUE SERVICE (IRS) EXAMINATION OR UPON EXAMINATION BY STATE TAXING AUTHORITIES. IN ACCORDANCE WITH THIS GUIDANCE, THE TRUST HAS DETERMINED THAT IT DOES NOT HAVE ANY POSITIONS AT JULY 31, 2024 AND 2023, THAT IT WOULD BE UNABLE TO SUBSTANTIATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.42000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02996033
IRS990ScheduleD/TotalRevenuePerForm990Amt05940422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012144764
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02671953
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0194848
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS/GAP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0101
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/CashGrantAmt02250000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALABAMA STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0636001101
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0915 S JACKSON ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MONTGOMERY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd036104
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANT FUNDS ARE PAID IN SUPPORT OF THE CHARITABLE MISSION OF ALABAMA STATE UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE, THE SUPPORTED ORGANIZATION, OR INDIVIDUAL MEMBERS OF THE CHARITABLE CLASS BENEFITED BY THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY THE APPROPRIATE PERSONNEL DESIGNATED BY THE ORGANIZATION AND THE UNIVERSITY PRIOR TO FILING AND SUBMISSION TO THE IRS. THE RETURN WILL BE PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST IS OPERATED AND MANAGED BY BOARD MEMBERS AND OFFICERS OF ALABAMA STATE UNIVERSITY. BOARD MEMBERS MUST ADHERE TO BOARD POLICIES. BOARD POLICIES ARE PART OF THE UNIVERSITY'S BY-LAWS AND THE STATE STATUTE THAT CREATED THE UNIVERSITY. UNIVERSITY OFFICERS MUST ALSO ADHERE TO UNIVERSITY AND STATE POLICIES REGARDING THE DISCLOSURE OF ALL POTENTIAL CONFLICTS OF INTEREST. THE ALABAMA ETHICS COMMISSION ALSO ENFORCES AND MONITORS CONFLICTS OF INTEREST BY THE ORGANIZATION'S TRUSTEES, OFFICERS, AND KEY EMPLOYEES.

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