UNIVERSITY OF MONTEVALLO FOUNDATION

EIN: 237349527 501(c)(3) Education

MONTEVALLO, AL

Total Revenue
$10,937,828
Total Expenses
$3,559,455
Total Assets
$72,621,815
Net Assets
$72,214,367
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
AL
Principal Officer
JAMES MOSS
Phone
2056656215
Tax Period
2023-10-01 to 2024-09-30

UNIVERSITY OF MONTEVALLO FOUNDATION, founded in 1973, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2017. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 66% operating margin.

Mission

THE UNIVERSITY OF MONTEVALLO FOUNDATION IS AN INDEPENDENT, SELF-GOVERNED, PRIVATE CORPORATION. ITS PURPOSE IS TO SOLICIT, RECEIVE, DEVELOP, MANAGE AND DISBURSE FINANCIAL GIFTS AND OTHER RESOURCES, AND TO SUPPORT THE EDUCATIONAL, DEVELOPMENT AND SOCIAL PROGRAMS AND EXPERIENCES FOR THE STUDENTS OF THE UNIVERSITY OF MONTEVALLO.

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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 $7,627,989
Program Service Revenue $779,269
Investment Income $2,504,370
Other Revenue $26,200
TOTAL REVENUE $10,937,828

Expense Breakdown

Grants Paid $1,431,331
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,122,071
Other Expenses $2,128,124
TOTAL EXPENSES $3,559,455

Year-over-Year Comparison

2023 2022 Change
Revenue $10,937,828 $10,598,156 +0.0%
Expenses $3,559,455 $3,493,659 +0.0%
Net Income $7,378,373 $7,104,497 +0.0%
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
24
Independent Members
24
Employees
N/A
Volunteers
25

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
5
$127,393
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MOSS CHAIRMAN (SINCE 08/11) 1.00
Officer Director
$0 $0 $0
DAVID PICKETT VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
MITT SCHROEDER TREASURER 1.00
Officer Director
$0 $0 $0
AMY NENADOVICH SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES CAVALE III MEMBER 1.00
Director
$0 $0 $0
TRACEY MORANT-ADAMS MEMBER 1.00
Director
$0 $0 $0
MARK EILAND MEMBER 1.00
Director
$0 $0 $0
GEORGE ETHRIDGE MEMBER 1.00
Director
$0 $0 $0
KEVIN GARDNER MEMBER 1.00
Director
$0 $0 $0
CONNIE SHEPPARD HARRIS MEMBER 1.00
Director
$0 $0 $0
CAROLYN DUNCAN MEMBER 1.00
Director
$0 $0 $0
KITTILAX KRIDAKORN MEMBER 1.00
Director
$0 $0 $0
JEFFERY PURVIS MEMBER 1.00
Director
$0 $0 $0
BOB BAKER MEMBER 1.00
Director
$0 $0 $0
EDDIE BAKER MEMBER 1.00
Director
$0 $0 $0
CLAYTON NORDAN MEMBER 1.00
Director
$0 $0 $0
JOHN COX MEMBER 1.00
Director
$0 $0 $0
MELANIE POOLE MEMBER 1.00
Director
$0 $0 $0
RAYMOND BELL MEMBER 1.00
Director
$0 $0 $0
BARBARA SLOAN MEMBER 1.00
Director
$0 $0 $0
ALISON STEINEKER MEMBER 1.00
Director
$0 $0 $0
THOMAS WHITING MEMBER 1.00
Director
$0 $0 $0
DENISE WOODHAM MEMBER 1.00
Director
$0 $0 $0
BRIGETTE WRIGHT MEMBER 1.00
Director
$0 $0 $0
SCOTT DILLARD EXECUTIVE VICE PRESIDENT 24.00
Officer
$109,192 $18,201 $127,393
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 $10,937,828 $3,559,455 $72,621,815 $7,378,373
2023 $10,598,156 $3,493,659 $57,084,654 $7,104,497
2022 $7,323,023 $3,844,033 $48,926,102 $3,478,990
2021 $6,691,852 $3,489,377 $53,571,630 $3,202,475
2020 $8,004,221 $7,766,571 $46,000,932 $237,650
2019 $4,437,718 $3,123,321 $46,658,804 $1,314,397
2018 $9,335,053 $3,147,224 $45,209,771 $6,187,829
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