AAMU-RISE FOUNDATION

EIN: 464776909 501(c)(3) Science & Technology

NORMAL, AL

Total Revenue
$2,118,448
Total Expenses
$2,175,703
Total Assets
$1,083,710
Net Assets
$560,341
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
AL
Principal Officer
DR ANDREW SCOTT
Phone
2563725866
Tax Period
2023-10-01 to 2024-09-30

AAMU-RISE FOUNDATION, founded in 2014, is a small nonprofit in the Science & Technology sector that reported $586K in total revenue in fiscal year 2017. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $926K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO DEVELOP AND ADMINISTER CONTRACT AND R&DS ON BEHALF OF ALABAMA A&M UNIVERSITY, CONDUCTED BY AAMU FACULTY AND ITS AFFILIATES. TO COORDINATE SPONSORED RESEARCH PROGRAMS FOR THE UNIVERSITY.

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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 $80,116
Program Service Revenue $2,038,332
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,118,448

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,025,438
Fundraising Expenses $0
Program Expenses $2,072,084
Other Expenses $150,265
TOTAL EXPENSES $2,175,703

Year-over-Year Comparison

2023 2022 Change
Revenue $2,118,448 $947,125 +1.2%
Expenses $2,175,703 $931,090 +1.3%
Net Income $-57,255 $16,035 -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
7
Independent Members
7
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DANIEL K WIMS PRESIDENT - AAMU 1.00
Director
$0 $0 $0
DR MAJED EL-DWEIK CHAIR, VP RESEARCH & ECONOMIC DEVELOPMENT - AAMU 1.00
Officer Director
$0 $0 $0
DR JOHN JONES VICE CHAIR, PROVOST & VP ACADEMIC AFFAIRS - AAMU 1.00
Officer Director
$0 $0 $0
DR CARLTON SPELLMAN TREASURER, VP FOR BUSINESS & FINANCE, AAMU 1.00
Officer Director
$0 $0 $0
DR SCHERRIE BANKS PICKETT GENERAL DIRECTOR, TRUSTEE, AAMU 1.00
Director
$0 $0 $0
DR ZIOQING QIAN GENERAL DIRECTOR 1.00
Director
$0 $0 $0
DR ZHENGTAO DANG GENERAL DIRECTOR 1.00
Director
$0 $0 $0
DR ANDREW SCOTT EXECUTIVE DIRECTOR 20.00
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 $2,118,448 $2,175,703 $1,083,710 $-57,255
2023 $947,125 $931,090 $1,266,535 $16,035
2022 $555,379 $518,964 $688,485 $36,415
2021 $2,389,079 $707,931 $639,967 $1,681,148
2020 $390,701 $476,836 $139,201 $-86,135
2019 $272,080 $496,127 $24,928 $-224,047
2018 $585,689 $926,074 $121,987 $-340,385
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