Civic Intelligence

Alabama State University Foundation Inc.

990 • Fiscal year 2023 • EIN 63-6067745

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 19, 2024

Organization ProfileN/A
PO Box 1046Montgomery, AL 36101

(334) 229-4772

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$11,195,677

Up $804,206 (+7.7%) from 2022

Net Assets

Up

$11,105,402

Up $869,179 (+8.5%) from 2022

Liabilities

Down

$90,275

Down $64,973 (-42%) from 2022

Revenue And Expenses

Revenue

Up

$8,141,031

Up $1,512,841 (+23%) from 2022

Expenses

Up

$7,334,715

Up $2,582,138 (+54%) from 2022

Net Income

Down

$806,316

Down $1,069,297 (-57%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $1,736,380Liabilities 2010: $0Net Assets 2010: $1,736,3802010Assets 2011: $1,594,639Liabilities 2011: $0Net Assets 2011: $1,594,6392011Assets 2012: $1,741,682Liabilities 2012: $0Net Assets 2012: $1,741,6822012Assets 2013: $1,814,177Liabilities 2013: $0Net Assets 2013: $1,814,1772013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $2,554,335Liabilities 2015: $871,468Net Assets 2015: $1,682,8672015Assets 2016: $2,910,608Liabilities 2016: $16,376Net Assets 2016: $2,894,2322016Assets 2017: $3,160,185Liabilities 2017: $6,120Net Assets 2017: $3,154,0652017Assets 2018: $3,662,802Liabilities 2018: $26,243Net Assets 2018: $3,636,5592018Assets 2019: $4,972,804Liabilities 2019: $6,119Net Assets 2019: $4,966,6852019Assets 2020: $6,495,611Liabilities 2020: $6,119Net Assets 2020: $6,489,4922020Assets 2021: $9,048,148Liabilities 2021: $180,256Net Assets 2021: $8,867,8922021Assets 2022: $10,391,471Liabilities 2022: $155,248Net Assets 2022: $10,236,2232022Assets 2023: $11,195,677Liabilities 2023: $90,275Net Assets 2023: $11,105,4022023Assets 2023: $11,609,670Liabilities 2023: $89,501Net Assets 2023: $11,520,1692023Assets 2024: $12,894,138Liabilities 2024: $9,457Net Assets 2024: $12,884,6812024

Highlighted filing

2023

Assets$11,195,677
Liabilities$90,275
Net Assets$11,105,402
Open 2023 Filing

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $686,2702010Expenses 2011: $675,4422011Expenses 2012: $602,0192012Revenue 2013: $776,432Expenses 2013: $703,937Net Income 2013: $72,4952013Revenue 2014: $1,860,470Expenses 2014: $1,163,563Net Income 2014: $696,9072014Revenue 2015: $52,698Expenses 2015: $79,145Net Income 2015: -$26,4472015Revenue 2016: $1,000,861Expenses 2016: $797,161Net Income 2016: $203,7002016Revenue 2017: $1,339,012Expenses 2017: $1,304,636Net Income 2017: $34,3762017Revenue 2018: $3,213,298Expenses 2018: $2,441,254Net Income 2018: $772,0442018Revenue 2019: $3,145,352Expenses 2019: $2,201,139Net Income 2019: $944,2132019Revenue 2020: $2,452,067Expenses 2020: $1,338,688Net Income 2020: $1,113,3792020Revenue 2021: $5,700,477Expenses 2021: $3,570,277Net Income 2021: $2,130,2002021Revenue 2022: $6,628,190Expenses 2022: $4,752,577Net Income 2022: $1,875,6132022Revenue 2023: $8,141,031Expenses 2023: $7,334,715Net Income 2023: $806,3162023Revenue 2023: $8,538,077Expenses 2023: $7,316,995Net Income 2023: $1,221,0822023Revenue 2024: $8,697,434Expenses 2024: $7,245,793Net Income 2024: $1,451,6412024

Highlighted filing

2023

Revenue$8,141,031
Expenses$7,334,715
Net Income$806,316
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 19, 2024
Return Version
2023v5.0
Gross Receipts
$8,141,031
Mission and Program Overview

Mission

To support the activities of alabama state university.

The mission of the alabama state university foundation, inc. Is to perpetuate a viable organization that will support the educational needs and goals of alabama state university, its faculty, and students via responsible management of financials programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,266,280$7,688,826▲ $1,422,546
Investments in Publicly Traded Securities$3,255,633$3,382,997▲ $127,364
Accounts Receivable$712,994$123,854▼ $589,140
Total Assets$10,234,907$11,195,677▲ $960,770
Liabilities
Accounts Payable and Accrued Expenses$155,248$90,275▼ $64,973
Total Liabilities$155,248$90,275▼ $64,973
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,222,585$9,299,434▲ $1,076,849
Net Assets Without Donor Restrictions$1,857,074$1,805,968▼ $51,106
Total Net Assets Fund Balance$10,079,659$11,105,402▲ $1,025,743
Total Liabilities and Net Assets / Fund Balance$10,234,907$11,195,677▲ $960,770
Compensation and Service Providers

Board Members and Trustees

NameTitle
Antwon HardwickChair
Jennifer K BrownVice Chair
Col Greg ClarkExecutive Di
Jimmy Morris JrSecretary
Norman CarmichaelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,910,804
Program Service Revenue
$0
Investment Income
$230,227
Other Revenue
$0
All Other Contributions
$7,910,804
Change in Net Assets
$806,316

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,141,031
Total Revenue per Audited Statements
$8,141,031
Total Revenue per Form 990
$8,141,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,334,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,146,813$333,262-$2,480,075
Conferences and Meetings$1,613,089$11,828-$1,624,917
Travel$762,493$43,663-$806,156
All Other Expenses$472,767$44,544-$517,311
Office Expenses$227,414$84-$227,498
Other Expenses$200,270$65-$200,335
Advertising$31,938--$31,938
Occupancy-$24,720-$24,720
Fees for Service Investment Mgmnt Fees$20,112--$20,112
Insurance-$1,230-$1,230
Total Functional Expenses$6,875,319$459,396$0$7,334,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,334,715
Total Expenses per Audited Statements$7,334,715
Total Expenses per Form 990$7,334,715
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
Backup withholding compliance
No
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
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, Page 6, Part VI, Line 11B

“Board of director provided copy of form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 15A

“COMPENSATION COMMITTEE”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST VIA EMAIL.”

Filing and Contact Details

Filer

Filer Name
Alabama State University
EIN
63-6067745
Phone
3342294772
Address
PO BOX 1046, MONTGOMERY, AL 36101

Signing Officer

Name
Col Greg Clark
Title
Executive Director
Phone
3342294772
Signed
2024-11-19

Organization Details

Principal Officer
Col Greg Clark
Voting Board Members
17
Independent Board Members
18
Employees
0

Preparer

Firm
Grayson Accounting & Consulting Pa
Address
1741 OLD AUGUSTINE RD ST, TALLAHASSEE, FL 32301
Preparer
John M Grayson CPA
Phone
8502941750
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“The return is being revised for changes made during the financial statement audit.”

FORM 990 - ORGANIZATION'S MISSION

“The mission of the alabama state university foundation, inc. Is to perpetuate a viable organization that will support the educational needs and goals of alabama state university, its faculty, and students via responsible management of financials programs.”

Form 990, Part IX, Line 11G

“Professional fees 1,557,185 0 0 professional fees 589,628 0 0 professional fees 0 333,262 0 total 2,146,813 333,262 0”

Form 990, Part XI, Line 9

“ROUNDING -1”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS BEING REVISED FOR CHANGES MADE DURING THE FINANCIAL STATEMENT AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF THE ALABAMA STATE UNIVERSITY FOUNDATION, INC. IS TO PERPETUATE A VIABLE ORGANIZATION THAT WILL SUPPORT THE EDUCATIONAL NEEDS AND GOALS OF ALABAMA STATE UNIVERSITY, ITS FACULTY, AND STUDENTS VIA RESPONSIBLE MANAGEMENT OF FINANCIALS PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTOR PROVIDED COPY OF FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES 1,557,185 0 0 PROFESSIONAL FEES 589,628 0 0 PROFESSIONAL FEES 0 333,262 0 TOTAL 2,146,813 333,262 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06875319
IRS990/TotalFunctionalExpensesGrp/TotalAmt07334715
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0155248
IRS990/TotalLiabilitiesEOYAmt090275
IRS990/TotalLiabilitiesGrp/BOYAmt0155248
IRS990/TotalLiabilitiesGrp/EOYAmt090275
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010079659
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011105402
IRS990/TotalProgramServiceExpensesAmt06875319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230227
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08141031
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010234907
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011195677
IRS990/TravelGrp/ManagementAndGeneralAmt043663
IRS990/TravelGrp/ProgramServicesAmt0762493
IRS990/TravelGrp/TotalAmt0806156
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1046
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036101
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt018
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0COL GREG CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03342294772
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALABAMA STATE UNIVERSITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALAB
ReturnHeader/Filer/EIN0636067745
ReturnHeader/Filer/PhoneNum03342294772
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1046
ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593735258
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRAYSON ACCOUNTING & CONSULTING PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01741 OLD AUGUSTINE RD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032301
ReturnHeader/PreparerPersonGrp/PhoneNum08502941750
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M GRAYSON CPA
ReturnHeader/ReturnTs02024-12-05T11:02:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,195,677
Liabilities
$90,275
Net assets
$11,105,402
Revenue
$8,141,031
Expenses
$7,334,715
Net income
$806,316
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$0.01$12.9$8.70$7.25$1.45
2023Detailed filing. Detailed filing data is available for this year.$11.6$0.09$11.5$8.54$7.32$1.22
2023Detailed filing. Detailed filing data is available for this year.$11.2$0.09$11.1$8.14$7.33$0.81
2022Detailed filing. Detailed filing data is available for this year.$10.4$0.16$10.2$6.63$4.75$1.88
2021Detailed filing. Detailed filing data is available for this year.$9.05$0.18$8.87$5.70$3.57$2.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$0.01$6.49$2.45$1.34$1.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.01$4.97$3.15$2.20$0.94
2018Detailed filing. Detailed filing data is available for this year.$3.66$0.03$3.64$3.21$2.44$0.77
2017Detailed filing. Detailed filing data is available for this year.$3.16$0.01$3.15$1.34$1.30$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.91$0.02$2.89$1.00$0.80$0.20
2015Detailed filing. Detailed filing data is available for this year.$2.55$0.87$1.68$0.05$0.08$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.86$1.16$0.70
2013Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.78$0.70$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.00$1.74$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.00$1.59$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.00$1.74$0.69