ALABAMA A&M UNIVERSITY FOUNDATION

EIN: 237067600 501(c)(3)

NORMAL, AL

Total Revenue
$5,808,272
Total Expenses
$1,651,422
Total Assets
$24,857,763
Net Assets
$11,482,966
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
AL
Phone
2563725763
Tax Period
2023-10-01 to 2024-09-30

ALABAMA A&M UNIVERSITY FOUNDATION, founded in 1969, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2017. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

The Alabama A&M University Foundation was established to receive, hold, invest, manage, use, and administer property of all kinds, whether given absolutely or in trust, for the benefit of Alabama A&M University and its educational, research, cultural, public services, and support activities.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,472,948
Program Service Revenue $0
Investment Income $591,616
Other Revenue $743,708
TOTAL REVENUE $5,808,272

Expense Breakdown

Grants Paid $485,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $850,610
Other Expenses $1,165,772
TOTAL EXPENSES $1,651,422

Year-over-Year Comparison

2023 2022 Change
Revenue $5,808,272 $1,200,064 +3.8%
Expenses $1,651,422 $459,721 +2.6%
Net Income $4,156,850 $740,343 +4.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
6
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Ball Member 1.00
Director
$0 $0 $0
Paul Bryant Member 1.00
Director
$0 $0 $0
Braque Talley Member 1.00
Director
$0 $0 $0
Richard Crumkleton Member 1.00
Director
$0 $0 $0
Marth Ochtemeir Secretary 1.00
Director
$0 $0 $0
Jamal Ali Member 1.00
Officer Key Emp
$0 $0 $0
Dr Daniel K Wims Chairman 1.00
Officer Director
$0 $0 $0
Michael Sutller Member 1.00
Officer
$0 $0 $0
Carlton Spellman Treasurer 1.00
Officer
$0 $0 $0
Sonya Vette Member N/A
Officer
$0 $0 $0
Michael Miller Member N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,808,272 $1,651,422 $24,857,763 $4,156,850
2023 $1,200,064 $459,721 $20,307,861 $740,343
2022 $415,379 $594,521 $17,106,380 $-179,142
2021 $332,144 $1,659,618 $17,824,721 $-1,327,474
2020 $947,436 $1,828,088 $11,662,679 $-880,652
2018 $2,422,872 $2,835,192 $10,489,983 $-412,320
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