Civic Intelligence

Birmingham-Southern College Foundation

EIN 84-3066063 • 501(c)3 • Birmingham, AL

Profile

The birmingham-southern college foundation was organized to provide financial resources to support the mission of birmingham-southern college.

PO Box 2565Birmingham, AL 35202

n/A

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

46%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$4,454,179

Down $1,459,681 (-25%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$4,454,179

Down $1,459,681 (-25%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin99th percentile

Revenue

Up

$2,289,552

Up $902,703 (+65%) from 2023

Expenses

Up

$175

Up $175 from 2023

Net Income

Up

$2,289,377

Up $902,528 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

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

$6.0M$4.0M$2.0M$0Assets 2020: $1,842,790Liabilities 2020: $0Net Assets 2020: $1,842,7902020Assets 2021: $2,692,726Liabilities 2021: $0Net Assets 2021: $2,692,7262021Assets 2022: $4,722,861Liabilities 2022: $195,850Net Assets 2022: $4,527,0112022Assets 2023: $5,913,860Liabilities 2023: $0Net Assets 2023: $5,913,8602023Assets 2024: $4,454,179Liabilities 2024: $0Net Assets 2024: $4,454,1792024

Highlighted filing

2024

Assets$4,454,179
Liabilities$0
Net Assets$4,454,179
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2020: $1,842,790Expenses 2020: $0Net Income 2020: $1,842,7902020Revenue 2021: $850,859Expenses 2021: $923Net Income 2021: $849,9362021Revenue 2022: $2,164,427Expenses 2022: $330,142Net Income 2022: $1,834,2852022Revenue 2023: $1,386,849Expenses 2023: $0Net Income 2023: $1,386,8492023Revenue 2024: $2,289,552Expenses 2024: $175Net Income 2024: $2,289,3772024

Highlighted filing

2024

Revenue$2,289,552
Expenses$175
Net Income$2,289,377
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,454,179
Liabilities
$0
Net assets
$4,454,179
Revenue
$2,289,552
Expenses
$175
Net income
$2,289,377
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.45$0.00$4.45$2.29$0.00$2.29
2023Detailed filing. Detailed filing data is available for this year.$5.91$0.00$5.91$1.39$0.00$1.39
2022Detailed filing. Detailed filing data is available for this year.$4.72$0.20$4.53$2.16$0.33$1.83
2021Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.85$0.00$0.85
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$1.84$0.00$1.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 9, 2025
Return Version
2023v6.0
Gross Receipts
$2,289,552
Mission and Program Overview

Mission

The birmingham-southern college foundation was organized to provide financial resources to support the mission of birmingham-southern college.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$4,208,496▲ $4,208,496
Pledges and Grants Receivable$1,040,777$0▼ $1,040,777
Cash and Non-Interest-Bearing Accounts$4,679,817$245,683▼ $4,434,134
Other Notes and Loans Receivable, Net$193,266$0▼ $193,266
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$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$5,913,860$4,454,179▼ $1,459,681
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,914,784$4,455,278▼ $1,459,506
Net Assets Without Donor Restrictions$-924$-1,099▼ $175
Total Net Assets Fund Balance$5,913,860$4,454,179▼ $1,459,681
Total Liabilities and Net Assets / Fund Balance$5,913,860$4,454,179▼ $1,459,681
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
William a TerryChair
Keith D ThompsonVice Chair
Daniel B ColemanDirector
Donald E HessDirector
Hillery HeadDirector
John P WattsDirector
Michael StrausDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,248,122
Program Service Revenue
$0
Investment Income
$41,430
Other Revenue
$0
All Other Contributions
$2,248,122
Change in Net Assets
$2,289,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$175
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
Other Expenses$0$175$0$175
Total Functional Expenses$0$175$0$175
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
No
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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:

“The form 990 is prepared by the foundation's public accounting firm. The form 990 is given to the board of trustees before filing with the internal revenue service.”

FORM 990, PART VI, SECTION B LINES 12A-12C:

“A conflict of interest acknowledgement and disclosure statement is given to all board members annually. There are no administrative or other employees. The signed statements are reviewed and follow-up is completed if necessary.”

FORM 990, PART VI, SECTION B, LINES 15A & 15B:

“The foundation has no employees. All board members serve on a volunteer basis and receive no compensation from the foundation.”

FORM 990, PART VI, SECTION C, LINE 19:

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Birmingham-Southern College Foundation
EIN
84-3066063
In Care Of
% ROBERT L LOFTIN III
Phone
8778295500
Address
PO Box 2565, Birmingham, AL 35202

Signing Officer

Name
Daniel B Coleman
Title
Trustee
Phone
2052264630
Signed
2025-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Terry
Formed
2019
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
421 Fayetteville Street Suite 300, Raleigh, NC 27601
Preparer
Sandra L Feinsmith
Phone
9192781936
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 & PART III, LINE 4A:

“The foundation's purpose is philanthropic in nature, and its scope is limited to the support of the college through the allocation of funds comprised of donor contributions and income produced through prudent investments of endowment. The foundation's activities are limited to the oversight of investments and the allocation of funds to the college, under the direction of a governing board of trustees. Funds distributed to the college are used for its operations, including student scholarships and financial aid; faculty and staff salaries; programmatic support for the academic enterprise; enhancement and maintenance of the campus, such as classrooms, residence halls, performance and competition spaces, and administrative offices; and other expenses related to its mission in higher education.”

Form 990, Part XI, Line 9

“Funds Transferred to Birmingham-Southern College - $(3,929,000)”

Raw XML AppendixShowing 400 of 432 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PURPOSE IS PHILANTHROPIC IN NATURE, AND ITS SCOPE IS LIMITED TO THE SUPPORT OF THE COLLEGE THROUGH THE ALLOCATION OF FUNDS COMPRISED OF DONOR CONTRIBUTIONS AND INCOME PRODUCED THROUGH PRUDENT INVESTMENTS OF ENDOWMENT. THE FOUNDATION'S ACTIVITIES ARE LIMITED TO THE OVERSIGHT OF INVESTMENTS AND THE ALLOCATION OF FUNDS TO THE COLLEGE, UNDER THE DIRECTION OF A GOVERNING BOARD OF TRUSTEES. FUNDS DISTRIBUTED TO THE COLLEGE ARE USED FOR ITS OPERATIONS, INCLUDING STUDENT SCHOLARSHIPS AND FINANCIAL AID; FACULTY AND STAFF SALARIES; PROGRAMMATIC SUPPORT FOR THE ACADEMIC ENTERPRISE; ENHANCEMENT AND MAINTENANCE OF THE CAMPUS, SUCH AS CLASSROOMS, RESIDENCE HALLS, PERFORMANCE AND COMPETITION SPACES, AND ADMINISTRATIVE OFFICES; AND OTHER EXPENSES RELATED TO ITS MISSION IN HIGHER EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE FOUNDATION'S PUBLIC ACCOUNTING FIRM. THE FORM 990 IS GIVEN TO THE BOARD OF TRUSTEES BEFORE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A conflict of interest acknowledgement and disclosure statement is given to all board members annually. There are no administrative or other employees. The signed statements are reviewed and follow-up is completed if necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HAS NO EMPLOYEES. ALL BOARD MEMBERS SERVE ON A VOLUNTEER BASIS AND RECEIVE NO COMPENSATION FROM THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Funds Transferred to Birmingham-Southern College - $(3,929,000)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1 & PART III, LINE 4A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B LINES 12A-12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINES 15A & 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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