UNIVERSITY OF SOUTH ALABAMA FOUNDATION

EIN: 636065809 501(c)(3) Education

MOBILE, AL

Total Revenue
$23,113,644
Total Expenses
$22,351,532
Total Assets
$472,889,584
Net Assets
$471,830,609
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
AL
Principal Officer
MAXEY J ROBERTS
Phone
2514322116
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF SOUTH ALABAMA FOUNDATION, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $13.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF SOUTH ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $113,191
Program Service Revenue $0
Investment Income $22,178,149
Other Revenue $822,304
TOTAL REVENUE $23,113,644

Expense Breakdown

Grants Paid $18,317,158
Salaries & Benefits $1,710,028
Fundraising Expenses $31,989
Program Expenses $21,556,237
Other Expenses $2,324,346
TOTAL EXPENSES $22,351,532

Year-over-Year Comparison

2024 2023 Change
Revenue $23,113,644 $11,339,312 +1.0%
Expenses $22,351,532 $20,371,702 +0.1%
Net Income $762,112 $-9,032,390 -1.1%
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
20
Independent Members
19
Employees
10
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
7
$926,264
Total Directors
22
$395,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY LUCE VICE PRESIDENT/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JOHN MCMILLAN PRESIDENT/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
LOWELL J BONDS SECRETARY/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MAXEY J ROBERTS MANAGING DIRECTOR/BOARD MEMBER 40.00
Officer Director
$394,115 $1,730 $395,845
ROBERT P HALL TREASURER/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ALEXIS ATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
ANJANETTA DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
ARLENE MITCHELL BOARD MEMBER (ENDED 06/06/2025) 1.00
Director
$0 $0 $0
D LYNN DYESS BOARD MEMBER 1.00
Director
$0 $0 $0
DAMIAN J COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
DON WORD BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH VANDEWAA BOARD MEMBER 1.00
Director
$0 $0 $0
ISABEL Z BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES H CROSBY BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN T WHIDDON BOARD MEMBER 1.00
Director
$0 $0 $0
JOSIAH R BONNER JR BOARD MEMBER 1.00
Director
$0 $0 $0
LENUS M PERKINS BOARD MEMBER (BEGIN 06/06/2025) 1.00
Director
$0 $0 $0
NOLAN C LEAKE BOARD MEMBER 1.00
Director
$0 $0 $0
NORMOND B MCALLISTER JR BOARD MEMBER 1.00
Director
$0 $0 $0
OTHA LEE BIGGS BOARD MEMBER (DECEASED 3/16/2025) 1.00
Director
$0 $0 $0
ROBIN MCNAIR BOARD MEMBER 1.00
Director
$0 $0 $0
W ALLEN CARROLL JR BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD B ROBERTS CHIEF FINANCIAL OFFICER 40.00
Officer
$288,630 $6,318 $294,948
H WADE FAULKNER INVESTMENT MANAGER 40.00
Officer
$209,422 $26,049 $235,471
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
2025 $23,113,644 $22,351,532 $472,889,584 $762,112
2024 $11,339,312 $20,371,702 $458,334,456 $-9,032,390
2023 $11,851,648 $16,919,092 $419,243,148 $-5,067,444
2022 $13,140,864 $36,444,738 $392,021,424 $-23,303,874
2021 $12,164,844 $14,585,512 $439,229,113 $-2,420,668
2020 $13,677,546 $14,264,773 $389,818,068 $-587,227
2019 $12,273,230 $13,661,262 $386,086,878 $-1,388,032
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