Civic Intelligence

Alabama State University Foundation Inc.

990 • Fiscal year 2022 • EIN 63-6067745

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileN/A
PO Box 1046Montgomery, AL 36101

(334) 229-4772

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

15th percentile

$20,000

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$10,391,471

Up $1,343,323 (+15%) from 2021

Net Assets

Up

$10,236,223

Up $1,368,331 (+15%) from 2021

Liabilities

Down

$155,248

Down $25,008 (-14%) from 2021

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin78th percentile

Revenue

Up

$6,628,190

Up $927,713 (+16%) from 2021

Expenses

Up

$4,752,577

Up $1,182,300 (+33%) from 2021

Net Income

Down

$1,875,613

Down $254,587 (-12%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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: $11,609,670Liabilities 2023: $89,501Net Assets 2023: $11,520,1692023Assets 2024: $12,894,138Liabilities 2024: $9,457Net Assets 2024: $12,884,6812024

Highlighted filing

2022

Assets$10,391,471
Liabilities$155,248
Net Assets$10,236,223
Open 2022 Filing

Operations Trend

Revenue Growth68th percentile

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: $8,538,077Expenses 2023: $7,316,995Net Income 2023: $1,221,0822023Revenue 2024: $8,697,434Expenses 2024: $7,245,793Net Income 2024: $1,451,6412024

Highlighted filing

2022

Revenue$6,628,190
Expenses$4,752,577
Net Income$1,875,613
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$6,628,190
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$5,149,470$6,266,280▲ $1,116,810
Investments in Publicly Traded Securities$3,898,678$3,255,633▼ $643,045
Accounts Receivable-$869,558-
Total Assets$9,048,148$10,391,471▲ $1,343,323
Liabilities
Accounts Payable and Accrued Expenses$180,256$155,248▼ $25,008
Total Liabilities$180,256$155,248▼ $25,008
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,207,607$8,222,585▲ $1,014,978
Net Assets Without Donor Restrictions$1,660,285$2,013,638▲ $353,353
Total Net Assets Fund Balance$8,867,892$10,236,223▲ $1,368,331
Total Liabilities and Net Assets / Fund Balance$9,048,148$10,391,471▲ $1,343,323
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jennifer S AndersonExecutive DiPT$20,000$20,000
Col Greg ClarkExecutive DiPT$8,333$8,333

Board Members and Trustees

NameTitle
Cedric MooreChair
Antwon HardwickVice Chair
Lindsay HardenSecretary
Pamela HillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,564,594
Program Service Revenue
$0
Investment Income
$63,596
Other Revenue
$0
All Other Contributions
$6,564,594
Change in Net Assets
$1,875,613

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,628,190
Total Revenue per Audited Statements
$6,628,190
Total Revenue per Form 990
$6,628,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,569,119
Salaries, Compensation, and Employee Benefits$183,458
Total Fundraising Expense$20,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,419,801$138,551-$1,558,352
All Other Expenses$546,083$48,419-$594,502
Travel$350,909$16,818-$367,727
Conferences and Meetings$324,243$952-$325,195
Other Expenses$235,630$14,361-$249,991
Office Expenses$212,285$1,134-$213,419
Other Salaries and Wages$168,734$14,724-$183,458
Occupancy-$24,000-$24,000
Fees for Service Investment Mgmnt Fees--$20,940$20,940
Advertising$4,125$7,664-$11,789
Information Technology$4,924--$4,924
Insurance-$1,822-$1,822
Total Functional Expenses$4,408,495$323,142$20,940$4,752,577

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,752,577
Total Expenses per Audited Statements$4,752,577
Total Expenses per Form 990$4,752,577
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
2023-11-14

Organization Details

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

Preparer

Firm
Grayson Accounting & Consulting Pa
Address
928 N MONROE STREET, TALLAHASSEE, FL 32303-6143
Preparer
John M Grayson CPA
Phone
8502941750
Supplemental Narrative

Additional Explanations

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 1,062,170 0 0 professional fees 357,631 0 0 professional fees 0 138,551 0 total 1,419,801 138,551 0”

Form 990, Part IX, Line 24E

“Hospitality and reception 227,179 2,034 0 uniforms and apparel 195,288 0 0 dues and subscriptions 58,362 24,063 0 camp expenses 29,232 0 0 miscellaneous 24,506 0 0 taxes (foreign) 0 21,454 0 bank fees 6,730 341 0 gifts and honorariums 4,055 0 0 staff development 731 527 0 total 546,083 48,419 0”

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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 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/ExplanationTxt1BOARD OF DIRECTOR PROVIDED COPY OF FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES 1,062,170 0 0 PROFESSIONAL FEES 357,631 0 0 PROFESSIONAL FEES 0 138,551 0 TOTAL 1,419,801 138,551 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HOSPITALITY AND RECEPTION 227,179 2,034 0 UNIFORMS AND APPAREL 195,288 0 0 DUES AND SUBSCRIPTIONS 58,362 24,063 0 CAMP EXPENSES 29,232 0 0 MISCELLANEOUS 24,506 0 0 TAXES (FOREIGN) 0 21,454 0 BANK FEES 6,730 341 0 GIFTS AND HONORARIUMS 4,055 0 0 STAFF DEVELOPMENT 731 527 0 TOTAL 546,083 48,419 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09048148
IRS990/TotalAssetsEOYAmt010391471
IRS990/TotalAssetsGrp/BOYAmt09048148
IRS990/TotalAssetsGrp/EOYAmt010391471
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06564594
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020940
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0323142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04408495
IRS990/TotalFunctionalExpensesGrp/TotalAmt04752577
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0180256
IRS990/TotalLiabilitiesEOYAmt0155248
IRS990/TotalLiabilitiesGrp/BOYAmt0180256
IRS990/TotalLiabilitiesGrp/EOYAmt0155248
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08867892
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010236223
IRS990/TotalProgramServiceExpensesAmt04408495
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt063596
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06628190
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09048148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010391471
IRS990/TotReportableCompRltdOrgAmt028333
IRS990/TravelGrp/ManagementAndGeneralAmt016818
IRS990/TravelGrp/ProgramServicesAmt0350909
IRS990/TravelGrp/TotalAmt0367727
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1046
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036101
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0COL GREG CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03342294772
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
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/AddressLine1Txt0928 N MONROE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323036143
ReturnHeader/PreparerPersonGrp/PhoneNum08502941750
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M GRAYSON CPA
ReturnHeader/ReturnTs02024-01-03T14:45:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CLARK
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,391,471
Liabilities
$155,248
Net assets
$10,236,223
Revenue
$6,628,190
Expenses
$4,752,577
Net income
$1,875,613
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
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