Civic Intelligence

Uab Educational Foundation

EIN 63-6155094 • 501(c)3 • Birmingham, AL

Profile

The UAB Educational Foundation exists for the sole purpose of supporting the University of Alabama at Birmingham (UAB) in its scientific and educational mission. This support includes managing and disbursing funds, acquiring real property, and providing general operational flexibility for the benefit of the University.

1717 11th Avenue South S103aBirmingham, AL 35205

www.uab.edu/educationalfoundation

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.17x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.72x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$1,322,310

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$57,471,123

Up $6,558,812 (+13%) from 2023

Liabilities

Down

$9,685,341

Down $691,542 (-6.7%) from 2023

Net Assets

Up

$47,785,782

Up $7,250,354 (+18%) from 2023

Operations
Liabilities / Revenue69th percentileNet Margin85th percentile

Revenue

Up

$13,410,473

Up $3,193,329 (+31%) from 2023

Expenses

Down

$8,289,178

Down $467,747 (-5.3%) from 2023

Net Income

Up

$5,121,295

Up $3,661,076 (+251%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$60M$40M$20M$0Assets 2011: $51,471,997Liabilities 2011: $16,644,997Net Assets 2011: $34,827,0002011Assets 2012: $56,768,137Liabilities 2012: $16,382,003Net Assets 2012: $40,386,1342012Assets 2013: $56,696,720Liabilities 2013: $16,611,835Net Assets 2013: $40,084,8852013Assets 2014: $53,861,467Liabilities 2014: $15,629,807Net Assets 2014: $38,231,6602014Assets 2015: $54,490,543Liabilities 2015: $15,235,511Net Assets 2015: $39,255,0322015Assets 2016: $55,080,029Liabilities 2016: $14,908,803Net Assets 2016: $40,171,2262016Assets 2017: $53,166,374Liabilities 2017: $14,148,740Net Assets 2017: $39,017,6342017Assets 2018: $53,301,173Liabilities 2018: $13,665,943Net Assets 2018: $39,635,2302018Assets 2019: $51,951,678Liabilities 2019: $13,087,856Net Assets 2019: $38,863,8222019Assets 2020: $54,958,015Liabilities 2020: $12,691,342Net Assets 2020: $42,266,6732020Assets 2021: $50,907,146Liabilities 2021: $12,204,544Net Assets 2021: $38,702,6022021Assets 2022: $49,166,542Liabilities 2022: $11,095,528Net Assets 2022: $38,071,0142022Assets 2023: $50,912,311Liabilities 2023: $10,376,883Net Assets 2023: $40,535,4282023Assets 2024: $57,471,123Liabilities 2024: $9,685,341Net Assets 2024: $47,785,7822024

Highlighted filing

2024

Assets$57,471,123
Liabilities$9,685,341
Net Assets$47,785,782
Open 2024 Filing

Operations Trend

Revenue Growth83rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $8,087,964Expenses 2011: $6,989,355Net Income 2011: $1,098,6092011Expenses 2012: $8,586,2762012Expenses 2013: $8,910,2442013Revenue 2014: $8,454,342Expenses 2014: $11,046,307Net Income 2014: -$2,591,9652014Revenue 2015: $6,191,422Expenses 2015: $5,477,910Net Income 2015: $713,5122015Revenue 2016: $9,157,935Expenses 2016: $8,279,418Net Income 2016: $878,5172016Revenue 2017: $8,397,453Expenses 2017: $7,577,134Net Income 2017: $820,3192017Revenue 2018: $8,651,489Expenses 2018: $8,611,284Net Income 2018: $40,2052018Revenue 2019: $10,193,334Expenses 2019: $7,466,784Net Income 2019: $2,726,5502019Revenue 2020: $9,001,813Expenses 2020: $7,168,888Net Income 2020: $1,832,9252020Revenue 2021: $7,438,300Expenses 2021: $5,870,150Net Income 2021: $1,568,1502021Revenue 2022: $9,271,948Expenses 2022: $7,316,218Net Income 2022: $1,955,7302022Revenue 2023: $10,217,144Expenses 2023: $8,756,925Net Income 2023: $1,460,2192023Revenue 2024: $13,410,473Expenses 2024: $8,289,178Net Income 2024: $5,121,2952024

Highlighted filing

2024

Revenue$13,410,473
Expenses$8,289,178
Net Income$5,121,295
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$57,471,123
Liabilities
$9,685,341
Net assets
$47,785,782
Revenue
$13,410,473
Expenses
$8,289,178
Net income
$5,121,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.5$9.69$47.8$13.4$8.29$5.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.9$10.4$40.5$10.2$8.76$1.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$11.1$38.1$9.27$7.32$1.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.9$12.2$38.7$7.44$5.87$1.57
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.0$12.7$42.3$9.00$7.17$1.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.0$13.1$38.9$10.2$7.47$2.73
2018Summary only. Only limited summary data is available for this year.$53.3$13.7$39.6$8.65$8.61$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.2$14.1$39.0$8.40$7.58$0.82
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.1$14.9$40.2$9.16$8.28$0.88
2015Summary only. Only limited summary data is available for this year.$54.5$15.2$39.3$6.19$5.48$0.71
2014Detailed filing. Detailed filing data is available for this year.$53.9$15.6$38.2$8.45$11.0$2.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.7$16.6$40.1$8.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$16.4$40.4$8.59
2011Summary only. Only limited summary data is available for this year.$51.5$16.6$34.8$8.09$6.99$1.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 31, 2025
Return Version
2023v6.0
Gross Receipts
$13,410,473
Mission and Program Overview

Mission

To support the university of alabama at birmingham in its scientific and educational mission, including managing and disbursing funds, acquiring real property, and providing operational flexibility.

To support the university of alabama at birmingham in its scientific and educational mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,976,082$21,738,401▼ $2,237,681
Investments Other Securities$10,068,765$13,544,841▲ $3,476,076
Cash and Non-Interest-Bearing Accounts$8,167,239$12,845,221▲ $4,677,982
Other Notes and Loans Receivable, Net$6,363,352$6,144,352▼ $219,000
Investments Program Related$1,083,155$1,299,573▲ $216,418
Accounts Receivable$850,924$1,290,941▲ $440,017
Savings and Temporary Cash Investments$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$50,912,311$57,471,123▲ $6,558,812
Other Assets Total$402,794$607,794▲ $205,000
Liabilities
Tax Exempt Bond Liabilities$9,523,600$8,768,600▼ $755,000
Accounts Payable and Accrued Expenses$530,407$593,866▲ $63,459
Other Liabilities$322,876$322,875▼ $1
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$10,376,883$9,685,341▼ $691,542
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,200,937$42,883,474▲ $5,682,537
Net Assets With Donor Restrictions$3,334,491$4,902,308▲ $1,567,817
Total Net Assets Fund Balance$40,535,428$47,785,782▲ $7,250,354
Total Liabilities and Net Assets / Fund Balance$50,912,311$57,471,123▲ $6,558,812

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,710,100$13,024,336$26,734,436
Land$6,896,510-$6,896,510
Leasehold Improvements$1,131,791$3,110,914$4,242,705
Other Securities$13,569,561--
Closely Held Equity Interests$-24,720--
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
Ray WattsPresident
Stephanie MullinsAssociate Vice President
Brian BurnettVice President
Aldos VanceDirector
Bolaji KukoyiDirector
Dana KeithDirector
Kate CottonDirector
Lucas GambinoDirector
Nancy Fouad-careyDirector
Odessa WoolfolkDirector
Wes SmithDirector
Ken SimonDirector (beg 1/24)
Susan JenningsDirector (beg 1/24)
Janet Woodruff-bordenDirector (beg 2/24)
Vanessa LeonardDirector (until 1/24)
Pamela BenoitDirector (until 12/23)
Shay ReynoldsAssociate Secretary (beg 1/24)
John DanielSecretary
Bernard Mays JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,422,703
Program Service Revenue
$6,374,346
Investment Income
$613,424
Other Revenue
$0
All Other Contributions
$3,145,703
Change in Net Assets
$5,121,295

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$1,299,898Mv
Works of Art22$205,000Fair Market Value (FMV) Appraisal
Total Noncash Contributions25$1,504,898-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,340,137
Grants and Similar Amounts Paid$1,635,445
Salaries, Compensation, and Employee Benefits$313,596
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,635,445--$1,635,445
Occupancy$1,615,408$0$0$1,615,408
Depreciation Depletion$1,347,914$0$0$1,347,914
Other Salaries and Wages$58,000$95,507$0$153,507
Current Officers, Directors, Trustees, and Key Employees$47,000$74,086$0$121,086
Office Expenses$97,343$13,565$0$110,908
Fees for Services Accounting$0$95,372$0$95,372
Information Technology$0$54,222$0$54,222
Other Employee Benefits$0$18,046$0$18,046
Fees for Services Management$18,000$0$0$18,000
Fees for Service Investment Mgmnt Fees$0$17,031$0$17,031
Payroll Taxes$0$13,794$0$13,794
Pension Plan Contributions$0$7,163$0$7,163
Other Expenses$149,000$-156,000$0$-7,000
Total Functional Expenses$8,005,945$283,233$0$8,289,178
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
UabBirmingham, AL501(c)(3)Miscellaneous Support to the University$1,094,166
Birmingham Business AllianceBirmingham, AL501(c)(3)Sponsorship- Institutional$125,000
Alabama Symphony OrchestraBirmingham, AL501(c)(3)Uab Admin Support for the 2024 Aso Season & Maestr$117,500
Higher Education PartnershipMontgomery, AL501(c)(3)Sponsorship- Institutional Leadership Event$51,046
Birmingham Museum of ArtBirmingham, AL501(c)(3)Sponsorship- 2024 Museum Ball$25,000
Red Mountain Theatre CompanyBirmingham, AL501(c)(3)Capital Campaign Sponsorship$20,000
Breast Cancer Research Foundation of AlBirmingham, AL501(c)(3)Sponsorship- Event$15,000
Mike Slive Foundation for Prostate CancerBirmingham, AL501(c)(3)Annual Support for Mike Slive Foundation$15,000
Rev BirminghamBirmingham, AL501(c)(3)Sponsorship-community Support of Rev Bham$15,000
Alabama Kidney FoundationHoover, AL501(c)(3)Sponsorship- Statewide Kidney Walk & Celebration$10,000
Red Mountain GraceBirmingham, AL501(c)(3)Sponsorship- Red Mountain Grace (refuge 1212)$10,000
United Way of Central AlabamaBirmingham, AL501(c)(3)Sponsorship- Institutional$10,000
University of AlabamaTuscaloosa, AL501(c)(3)Sponsorship- Uab Administrative Sponsorship to the$9,000
Alabama Regional Medical ServicesBirmingham, AL501(c)(3)Sponsorship- Arms Gala$8,000
Railroad Park FoundationBirmingham, AL501(c)(3)Sponsorship- Institutional$8,000
Hand in PawBirmingham, AL501(c)(3)Sponsorship- Events$7,500
CHILDREN'S HOSPITAL OF ALBirmingham, AL501(c)(3)SPONSORSHIP- CHILDREN'S BALL$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Surrender Value of Life Ins.$322,875

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABirmingham Downtown Redevelopment Authority2014-02-20$14,813,600HOSPITAL PARKING DECK

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,813,600$0$0$29,500

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B

“The form 990 is prepared by pwc us tax, llp. It is reviewed by the uab ef treasurer and associate vice president prior to filing with the irs. The 990 is also distributed to the board of directors prior to filing and is shared at the next board meeting.”

Part VI, Section B, Line 12C

“The organization's conflict of interest policy covers all officers and directors. All covered persons have the duty to disclose any actual or possible conflicts, and the full board (minus the interested person) discuss and vote on the transaction giving rise to the potential conflict. In addition to the duty to voluntarily disclose any conflicts, directors and officers are asked annually as part of the form 990 preparation process to disclose any family or business relationships with other officers, board members or highly compensated independent contractors.”

Part VI, Section B, Line 15

“All uab educational foundation officers and staff are employees of the university of alabama at birmingham and are subject to the university's salary guidelines and policies.”

Part VI, Section C, Line 19

“The foundation makes its forms 990 and financial statements available on its website for the previous 3 years, and all other policies and related documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Uab Educational Foundation
EIN
63-6155094
In Care Of
% BERNARD MAYS JR
Phone
2059342447
Address
1717 11TH AVENUE SOUTH S103A, BIRMINGHAM, AL 35205

Signing Officer

Name
Bernard Mays Jr
Title
Treasurer
Phone
2059961277
Signed
2025-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Mays Jr
Formed
1965
Legal Domicile
Al
Voting Board Members
13
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Pwc US Tax Llp
Address
655 NEW YORK AVENUE NW SUITE 1100, WASHINGTON, DC 20001
Preparer
Michael D Hoffman
Phone
2024141000
Supplemental Narrative

Additional Explanations

Header, Box J

“WEBSITE: https://www.uab.edu/financialaffairs/educational-foundation”

Raw XML AppendixShowing 400 of 1,097 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/ActivityOrMissionDesc0TO SUPPORT THE UNIVERSITY OF ALABAMA AT BIRMINGHAM IN ITS SCIENTIFIC AND EDUCATIONAL MISSION.
IRS990/AdvertisingGrp/TotalAmt00
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