Civic Intelligence

Alabama State University Trust for Educational Excellence

990 • Fiscal year 2021 • EIN 31-1635334

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 12, 2022

Organization ProfileN/A
Pobox 271Montgomery, AL 36101

(334) 229-4223

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

2nd percentile

0.00x

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

61st percentile

15%

Faster asset growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

185%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$112,873,590

Up $14,936,573 (+15%) from 2020

Net Assets

Up

$112,873,590

Up $14,936,573 (+15%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin98th percentile

Revenue

Up

$12,381,049

Up $8,039,702 (+185%) from 2020

Expenses

Up

$1,113,381

Up $126,831 (+13%) from 2020

Net Income

Up

$11,267,668

Up $7,912,871 (+236%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2021

Assets$112,873,590
Liabilities$0
Net Assets$112,873,590
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$12,381,049
Expenses$1,113,381
Net Income$11,267,668
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 12, 2022
Return Version
2020v4.2
Gross Receipts
$90,635,039
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$88,403,616$101,884,661▲ $13,481,045
Cash and Non-Interest-Bearing Accounts$9,212,740$10,624,339▲ $1,411,599
Accounts Receivable$285,076$334,402▲ $49,326
Total Assets$97,937,017$112,873,590▲ $14,936,573
Other Assets Total$35,585$30,188▼ $5,397
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$97,937,017$112,873,590▲ $14,936,573
Total Net Assets Fund Balance$97,937,017$112,873,590▲ $14,936,573
Total Liabilities and Net Assets / Fund Balance$97,937,017$112,873,590▲ $14,936,573

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2018$87,920,399$55,776▲ $4,952,193$77,329$90,613,066
2017$83,455,004$100,395▲ $6,443,282$115,965$87,920,399
2016$77,705,117$64,976▲ $7,436,825$134,798$83,455,004
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Darrell L HudsonPresident
Brenda HunterPresident Protem
Angela MckenzieMember
Delbert MadisonMember
Eddie HardawayMember
George GoreMember
Joe Whitt SrMember
Laraunce FlemingMember
Larry MeansMember
Mario LumzyMember
Napoleon Bracy JrMember
Pamela J WareMember
Robert BarnettMember
Tiffany B MccordMember
Revenue and Support

Revenue Composition

Contributions and Grants
$323,658
Program Service Revenue
$0
Investment Income
$12,057,391
Other Revenue
$0
All Other Contributions
$323,658
Change in Net Assets
$11,267,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,275,728
Revenue Not Reported on Financial Statements
$105,321
Revenue Not Reported on Form 990
$3,668,905
Total Revenue per Audited Statements
$15,944,633
Total Revenue per Form 990
$12,381,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$933,652
Other Expenses$179,729
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$933,652--$933,652
Fees for Service Investment Mgmnt Fees-$105,236-$105,236
Other Expenses$74,408$85-$85
Total Functional Expenses$1,008,060$105,321$0$1,113,381

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,113,381
Expenses per Audited Statements$1,008,060
Total Expenses per Audited Statements$1,008,060
Expenses Not Reported on Financial Statements$105,321
Expenses Not Reported on Form 990$0
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 15

“All compensation matters are established and monitored by the organization's board of trustees.”

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
POBOX 271, MONTGOMERY, AL 36101

Signing Officer

Name
William F Hopper
Title
Vice President
Phone
3342294223
Signed
2022-06-12
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
3815 INTERSTATE CT, MONTGOMERY, AL 36109
Preparer
Lee C Parks CPA
Phone
3342712200
Supplemental Narrative

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(c)(3) of the internal revenue code and similar provisions of alabama law and is classified by the internal revenue service as an organization other than a private foundation. As of july 31, 2021, the trust has no uncertain tax positions that qualify for recognition or disclosure in the financial statements and no interest and penalties related to income taxes.”

Raw XML AppendixShowing 400 of 450 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.

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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.
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IRS990/OtherExpensesGrp/Desc0LECTURE SERIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt085
IRS990/OtherExpensesGrp/ProgramServicesAmt074408
IRS990/OtherExpensesGrp/TotalAmt074408
IRS990/OtherExpensesGrp/TotalAmt185
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 3,773 STUDENTS AND OTHERS FROM THE GENERAL POPULATION ATTENDED A COMBINATION OF 11 (2 WERE EDUCATIONAL SERVICES) OFFICIAL AND UNOFFICIAL LECTURE SERIES THAT WERE CONDUCTED IN FISCAL YEAR 2021 BY THE NATIONAL CENTER, WITH FUNDING FOR LECTURES PROVIDED THROUGH THE TRUST FOR EDUCATIONAL EXCELLENCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt074408
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0157197
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0741255
IRS990/PYInvestmentIncomeAmt04184150
IRS990/PYOtherExpensesAmt0245295
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03354797
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0986550
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04341347
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt011267668
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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/SupportAmt01008060
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ALABAMA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01008060
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/CYEndwmtFundGrp/BeginningYearBalanceAmt097937017
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0323658
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0112873590
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0933652
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt015620975
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt074408
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt090613066
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0157197
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt097937017
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0741255
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08062640
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0154631
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt087920399
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt055776
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt090613066
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02237973
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04952193
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt077329
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt083455004
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0100395
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt087920399
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01962317
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06443282
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0115965
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt077705117
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt064976
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt083455004
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01617116
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07436825
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0134798
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0105321
IRS990ScheduleD/ExpensesSubtotalAmt01008060
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0105321
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0105321
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03668905
IRS990ScheduleD/RevenueNotReportedAmt03668905
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0105321
IRS990ScheduleD/RevenueSubtotalAmt012275728
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(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS OF ALABAMA LAW AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. AS OF JULY 31, 2021, THE TRUST HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01113381
IRS990ScheduleD/TotalRevenuePerForm990Amt012381049
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015944633
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01008060
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0933652
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS/GAP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0455
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION MATTERS ARE ESTABLISHED AND MONITORED BY THE ORGANIZATION'S BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt097937017
IRS990/TotalAssetsEOYAmt0112873590
IRS990/TotalAssetsGrp/BOYAmt097937017
IRS990/TotalAssetsGrp/EOYAmt0112873590
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0323658
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01008060
IRS990/TotalFunctionalExpensesGrp/TotalAmt01113381
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097937017
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0112873590
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01008060
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012057391
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012381049
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$112,873,590
Liabilities
$0
Net assets
$112,873,590
Revenue
$12,381,049
Expenses
$1,113,381
Net income
$11,267,668
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