ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE

EIN: 636214769 501(c)(3) Education

NORMAL, AL

Total Revenue
$2,190,718
Total Expenses
$101,948
Total Assets
$50,802,742
Net Assets
$50,802,742
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AL
Principal Officer
Jamal Ali
Phone
2563728344
Tax Period
2023-08-01 to 2024-07-31

ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE, founded in 1998, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2017. The organization ran a surplus of $2.4M, a strong 55% operating margin.

Mission

The Trusts mission is to support and improve educational excellence at Alabama A&M University through the granting of academic scholarships at the Unviversity, the endowment of academic chairs, the subsidizing of current faculty positions, and the payment of fees and expenses for lectures and lecture series on the Universitys campus.

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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 $536,398
Program Service Revenue $0
Investment Income $1,654,320
Other Revenue $0
TOTAL REVENUE $2,190,718

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $101,948
Other Expenses $101,948
TOTAL EXPENSES $101,948

Year-over-Year Comparison

2023 2022 Change
Revenue $2,190,718 $2,275,047 0.0%
Expenses $101,948 $385,180 -0.7%
Net Income $2,088,770 $1,889,867 +0.1%
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
12
Independent Members
12
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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Daniel Wims Chairman 1.00
Officer
$0 $0 $0
Kevin Ball Member 1.00
Officer
$0 $0 $0
Carlton Spelman Treasurer 1.00
Officer
$0 $0 $0
Paul Bryant Member 1.00
Director
$0 $0 $0
Braque Talley Member 1.00
Director
$0 $0 $0
Richard Crunkeleton Member 1.00
Director
$0 $0 $0
Martha Ochtemeir Secretary 1.00
Officer Director
$0 $0 $0
Jamal Ali Member 1.00
Officer Director
$0 $0 $0
Micheal Sutller Member 1.00
Director
$0 $0 $0
Sonya Vette Member N/A
Director
$0 $0 $0
Michael Miller Member N/A
Director
$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 $2,190,718 $101,948 $50,802,742 $2,088,770
2022 $658,840 $384,263 $43,037,074 $274,577
2021 $450,689 $363,608 $45,795,693 $87,081
2020 $816,560 $1,338,356 $41,465,300 $-521,796
2019 $2,649,283 $1,540,704 $44,614,394 $1,108,579
2018 $4,382,824 $1,966,051 $43,505,815 $2,416,773
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