Civic Intelligence

The Alabama A&M Univ Research Innovation Science and Engineering

990 • Fiscal year 2019 • EIN 46-4776909

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 12, 2020

PO Box 272Normal, AL 35762

(256) 372-5866

Siviq Scores

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

Liabilities / Assets

100th percentile

55.42x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

5.08x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

6th percentile

-82%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

4th percentile

-80%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-54%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$24,928

Down $97,059 (-80%) from 2018

Net Assets

Down

-$1,356,680

Down $224,047 (-20%) from 2018

Liabilities

Up

$1,381,608

Up $126,988 (+10%) from 2018

Revenue

Down

$272,080

Down $313,609 (-54%) from 2018

Expenses

Down

$496,127

Down $429,947 (-46%) from 2018

Net Income

Up

-$224,047

Up $116,338 (+34%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2015: $112,114Liabilities 2015: $152,903Net Assets 2015: -$40,7892015Assets 2016: $128,578Liabilities 2016: $492,217Net Assets 2016: -$363,6392016Assets 2017: $265,437Liabilities 2017: $793,057Net Assets 2017: -$527,6202017Assets 2018: $121,987Liabilities 2018: $1,254,620Net Assets 2018: -$1,132,6332018Assets 2019: $24,928Liabilities 2019: $1,381,608Net Assets 2019: -$1,356,6802019Assets 2020: $139,201Liabilities 2020: $1,319,735Net Assets 2020: -$1,180,5342020Assets 2021: $639,967Liabilities 2021: $139,353Net Assets 2021: $500,6142021Assets 2022: $688,485Liabilities 2022: $124,489Net Assets 2022: $563,9962022Assets 2023: $1,266,535Liabilities 2023: $660,030Net Assets 2023: $606,5052023Assets 2024: $1,083,710Liabilities 2024: $523,369Net Assets 2024: $560,3412024

Highlighted filing

2019

Assets$24,928
Liabilities$1,381,608
Net Assets-$1,356,680

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $143,080Expenses 2015: $181,869Net Income 2015: -$38,7892015Revenue 2016: $690,670Expenses 2016: $974,926Net Income 2016: -$284,2562016Revenue 2017: $919,245Expenses 2017: $1,085,318Net Income 2017: -$166,0732017Revenue 2018: $585,689Expenses 2018: $926,074Net Income 2018: -$340,3852018Revenue 2019: $272,080Expenses 2019: $496,127Net Income 2019: -$224,0472019Revenue 2020: $390,701Expenses 2020: $476,836Net Income 2020: -$86,1352020Revenue 2021: $2,389,079Expenses 2021: $707,931Net Income 2021: $1,681,1482021Revenue 2022: $555,379Expenses 2022: $518,964Net Income 2022: $36,4152022Revenue 2023: $947,125Expenses 2023: $931,090Net Income 2023: $16,0352023Revenue 2024: $2,118,448Expenses 2024: $2,175,703Net Income 2024: -$57,2552024

Highlighted filing

2019

Revenue$272,080
Expenses$496,127
Net Income-$224,047
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 12, 2020
Return Version
2018v3.2
Gross Receipts
$272,080
Mission and Program Overview

Mission

To develop and administer contract and r&ds on behalf of alabama a&m university, conducted by aamu faculty and its affiliates. To coordinate sponsored research programs for the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$90,576$0▼ $90,576
Cash and Non-Interest-Bearing Accounts$23,863$20,485▼ $3,378
Prepaid Expenses and Deferred Charges$0$2,621▲ $2,621
Land, Buildings, and Equipment, Net$3,548$1,822▼ $1,726
Total Assets$121,987$24,928▼ $97,059
Other Assets Total$4,000$0▼ $4,000
Liabilities
Accounts Payable and Accrued Expenses$1,254,620$1,381,608▲ $126,988
Total Liabilities$1,254,620$1,381,608▲ $126,988
Net Assets / Fund Balance
Unrestricted Net Assets$-1,132,633$-1,356,680▼ $224,047
Total Net Assets Fund Balance$-1,132,633$-1,356,680▼ $224,047
Total Liabilities and Net Assets / Fund Balance$121,987$24,928▼ $97,059

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,822$6,806$8,628
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Andrew Hugine JrDirector/member
Dr Daniel WimsDirector/member
Mr Clayton GibsonDirector/member
Trustee Andre TaylorDirector/member
Dr Andrew ScottInterim Executive Director
Dr Cathy QianMember
Dr Colmore ChristianMember
Revenue and Support

Revenue Composition

Contributions and Grants
$385
Program Service Revenue
$271,695
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-224,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$272,080
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$272,080
Total Revenue per Form 990
$272,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,993
Other Expenses$161,912
Grants and Similar Amounts Paid$222
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,327$168,666-$333,993
Office Expenses$34,867$2,703-$37,570
Travel$24,254--$24,254
Insurance-$15,091-$15,091
Fees for Services Accounting-$11,834-$11,834
Depreciation Depletion$3,451--$3,451
Other Expenses$64,789$992-$992
Advertising$957--$957
Fees for Services Legal-$524-$524
Grants to Domestic Orgs$222--$222
Total Functional Expenses$293,867$202,260$0$496,127

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$496,127
Total Expenses per Audited Statements$496,127
Total Expenses per Form 990$496,127
Expenses Not Reported on Financial Statements$0
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 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

Form 990 is reviewed by the foundation's president and board of director's treasurer.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Aamu-rise Foundation
EIN
46-4776909
Phone
2563725866
Address
PO BOX 272, NORMAL, AL 35762

Signing Officer

Name
Dr Andrew Scott
Title
Interim Executive Director
Phone
2563725866
Signed
2020-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Andrew Scott
Formed
2014
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bmss LLC
Address
400 MERIDIAN STREET N SUITE 201, HUNTSVILLE, AL 35801
Preparer
James Rl Carroll CPA
Phone
2059825500
Supplemental Narrative

Additional Explanations

Form 990, Part V - Additional Information

Part v 1a/b: forms 1099 and w-2 were processed through the university's system for the aamu-rise foundation and the university issued forms 1099 and w-2 directly.

FORM 990, PART XII, LINE 2C:

There have been no changes to the process by which an independent accountant is selected for an annual audit, or the audit committee exercises oversight over the audit of the organization.

Section 1.263(A)-1(F) De Minimis Safe Harbor Election

Aamu-rise foundation po box 272 normal, al 35762 employer identification number: 46-4776909 for the year ending september 30, 2019 aamu-rise foundation is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

Section 1.263(A)-3(N) Election

Aamu-rise foundation po box 272 normal, al 35762 employer identification number: 46-4776909 for the year ending september 30, 2019 aamu-rise foundation is making the election to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).

Financial Statement Notes

PART X, LINE 2:

Tax positions are initially recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. The foundation had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements as of september 30, 2019 and 2018 based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter for all open tax years.

Raw XML AppendixShowing 400 of 401 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX POSITIONS ARE INITIALLY RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2019 AND 2018 BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART V 1A/B: FORMS 1099 AND W-2 WERE PROCESSED THROUGH THE UNIVERSITY'S SYSTEM FOR THE AAMU-RISE FOUNDATION AND THE UNIVERSITY ISSUED FORMS 1099 AND W-2 DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE FOUNDATION'S PRESIDENT AND BOARD OF DIRECTOR'S TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAVE BEEN NO CHANGES TO THE PROCESS BY WHICH AN INDEPENDENT ACCOUNTANT IS SELECTED FOR AN ANNUAL AUDIT, OR THE AUDIT COMMITTEE EXERCISES OVERSIGHT OVER THE AUDIT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AAMU-RISE FOUNDATION PO BOX 272 NORMAL, AL 35762 EMPLOYER IDENTIFICATION NUMBER: 46-4776909 FOR THE YEAR ENDING SEPTEMBER 30, 2019 AAMU-RISE FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AAMU-RISE FOUNDATION PO BOX 272 NORMAL, AL 35762 EMPLOYER IDENTIFICATION NUMBER: 46-4776909 FOR THE YEAR ENDING SEPTEMBER 30, 2019 AAMU-RISE FOUNDATION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V - ADDITIONAL INFORMATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5SECTION 1.263(A)-3(N) ELECTION
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IRS990/USAddress/AddressLine1Txt0ALABAMA AM UNIVERSITY HOWARD J
IRS990/USAddress/AddressLine2Txt0FOSTER BUILDING ROOM 152
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DR ANDREW SCOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERIM EXECUTIVE DIRECTOR
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ReturnHeader/FilingSecurityInformation/IPTm010:59:19
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BMSS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 MERIDIAN STREET N SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUNTSVILLE
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ReturnHeader/PreparerPersonGrp/PhoneNum02059825500
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES RL CARROLL CPA
ReturnHeader/ReturnTs02020-08-14T16:38:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30

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