TROY UNIVERSITY FOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TROY UNIVERSITY FOUNDATION (EIN 63-6067755)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-08-13
- IRS object ID
- 202522259349301832
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-13T11:29:50-05:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 454084437 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WARREN AVERETT LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 ACTON ROAD | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 636067755 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROY UNIVERSITY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TROY | BusinessNameControlTxt |
| Phone | 3346703000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ADAMS ADMINISTRATION BLDG 241 | AddressLine1Txt |
| City | TROY STATE UNIVERSITY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36082 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR JAMES BOOKOUT | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3346703000 | PhoneNum |
| Signature | 2025-08-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEGAN RANDOLPH | PreparerPersonNm |
| PTIN | P00989558 | PTIN |
| Phone | 2059794100 | PhoneNum |
| Preparation | 2025-08-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR JAMES BOOKOUT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 241 ADAMS ADMINISTRATION | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,626,910 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TROY.EDU/DEVELOPMENT/FOUNDATION | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $103,536 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $97,528 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,446,437 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,552,549 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,924,571 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,384,486 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,345,733 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,209,643 | PYOtherRevenueAmt |
| CY Other Revenue | $1,296,533 | CYOtherRevenueAmt |
| PY Total Revenue | $16,040,566 | PYTotalRevenueAmt |
| CY Total Revenue | $15,119,386 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,238,877 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,661,267 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $179,884 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,737,676 | PYOtherExpensesAmt |
| CY Other Expenses | $3,781,729 | CYOtherExpensesAmt |
| PY Total Expenses | $9,976,553 | PYTotalExpensesAmt |
| CY Total Expenses | $9,442,996 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,064,013 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,676,390 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $237,046,289 | TotalAssetsBOYAmt |
| Total Assets EOY | $223,937,479 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $121,832,174 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $90,810,371 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $115,214,115 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $133,127,108 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,249,068 | ExpenseAmt |
| Grant | $5,661,267 | GrantAmt |
| Revenue | $2,149,775 | RevenueAmt |
| Desc | SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 170,000 ALUMNI. | Desc |
| Total Program Service Expenses | $8,249,068 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 56 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DR JAMES BOOKOUT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3346703108 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ADAMS ADMINISTRATION BUILDING | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| DR JACK HAWKINS | |||||||
| PRESIDENT | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WILLIAM FILMORE | |||||||
| EXECUTIVE VICE PRESIDENT | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GREG KNEDLER | |||||||
| VICE PRESIDENT | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JEFFREY COLEMAN | |||||||
| CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LARRY HUGHES | |||||||
| VICE CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DR JAMES BOOKOUT JR | |||||||
| TREASURER | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROSEMARY ELEBASH | |||||||
| ALUMNI BOARD PRESIDENT | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KAREN CARTER | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROY DRINKARD | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN R FERGUSON | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RANDALL MOORE | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| HORACE HORN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR EARL JOHNSON | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR MANLY JOHNSON | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BILLY JONES | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY KERVIN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID MALLACH | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| HARREL MCKINNEY | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DOUG MIMS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CLAUDENE NICHOLS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LEWIS RUSHING | |||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PLAYFLY HOLDINGS LLC | |||||
| 22 CASSATT AVE | BERWYN | PA | 19312 | SPORTS MANAGEMENT | $845,665 |
| FORTY NINE DEGREES LLC | |||||
| 249 FORTENER DRIVE | COLDWATER | OH | 45828 | GRAPHIC SERVICES | $434,768 |
| SODEXO MANAGEMENT INC | |||||
| 9801 WASHINGTONIAN BOULEVARD | GAITHERSBURG | MD | 20878 | CATERING | $418,830 |
| WHALEY CONSTRUCTION | |||||
| PO BOX 768 | TROY | AL | 36081 | CONTRACTOR | $191,746 |
| NICHECOM | |||||
| 2840 LIBERTY AVENUE SUITE 202 | PITTSBURGH | PA | 15222 | CONSULTING | $151,099 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $132,302 | FundraisingAmt |
| Government Grants | $429,435 | GovernmentGrantsAmt |
| All Other Contributions | $7,990,812 | AllOtherContributionsAmt |
| Noncash Contributions | $92,396 | NoncashContributionsAmt |
| Total Contributions | $8,552,549 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| QUALIFIED SPONSORSHIP REVENUE | 900099 | $1,701,832 | $1,701,832 |
| INTERNATIONAL STUDY ABROAD | 900099 | $157,041 | $157,041 |
| OTHER ATHLETIC REVENUE | 900099 | $34,416 | $34,416 |
| REGISTRATION FEES | 611710 | $31,282 | $31,282 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,924,571 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,752,622 | TotalRevenueColumnAmt |
| Exclusion | $2,752,622 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $159,924 | TotalRevenueColumnAmt |
| Exclusion | $159,924 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,025,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $172,838 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $852,162 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $852,162 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $103,536 | UnrelatedBusinessRevenueAmt |
| Exclusion | $748,626 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,713,280 | SecuritiesAmt |
| Other | $61,260 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,133,472 | SecuritiesAmt |
| Other | $47,957 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $579,808 | SecuritiesAmt |
| Other | $13,303 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $593,111 | TotalRevenueColumnAmt |
| Exclusion | $593,111 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $212,500 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $132,302 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $153,257 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,243 | TotalRevenueColumnAmt |
| Exclusion | $59,243 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER REVENUE | 900099 | $146,704 | $146,704 |
| SPECIAL ASSISTANCE REVENUE | 900099 | $78,500 | $78,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $225,204 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,119,386 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,149,775 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $103,536 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,313,526 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,583,680 | TotalAmt |
| Program Services | $4,583,680 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,077,587 | TotalAmt |
| Program Services | $1,077,587 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,475 | TotalAmt |
| Management And General | $64,475 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,150,389 | TotalAmt |
| Program Services | $972,356 | ProgramServicesAmt |
| Management And General | $178,033 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,008 | TotalAmt |
| Program Services | $17,106 | ProgramServicesAmt |
| Management And General | $5,902 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,630 | TotalAmt |
| Program Services | $18,078 | ProgramServicesAmt |
| Management And General | $5,854 | ManagementAndGeneralAmt |
| Fundraising | $27,698 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,790 | TotalAmt |
| Program Services | $21,093 | ProgramServicesAmt |
| Management And General | $9,697 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,952 | TotalAmt |
| Program Services | $8,753 | ProgramServicesAmt |
| Management And General | $199 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $327,377 | TotalAmt |
| Program Services | $113,406 | ProgramServicesAmt |
| Management And General | $171,023 | ManagementAndGeneralAmt |
| Fundraising | $42,948 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,613 | TotalAmt |
| Management And General | $48,613 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,127 | TotalAmt |
| Management And General | $320,127 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,386 | TotalAmt |
| Program Services | $17,778 | ProgramServicesAmt |
| Management And General | $7,608 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| NONCAPITALIZED EQUIPMEN | $491,648 | $446,365 | $45,283 | |
| PROGRAM EVENTS | $272,591 | $265,290 | $7,301 | |
| RECOGNITION, AWARDS & G | $191,818 | $138,409 | $34,638 | $18,771 |
| UNRELATED BUSINESS TAXE | $26,761 | $26,761 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $748,164 | TotalAmt |
| Program Services | $569,167 | ProgramServicesAmt |
| Management And General | $88,530 | ManagementAndGeneralAmt |
| Fundraising | $90,467 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,442,996 | TotalAmt |
| Program Services | $8,249,068 | ProgramServicesAmt |
| Management And General | $1,014,044 | ManagementAndGeneralAmt |
| Fundraising | $179,884 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,030 | BOYAmt |
| EOY | $218,339 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,317,502 | BOYAmt |
| EOY | $30,862,817 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,715,210 | BOYAmt |
| EOY | $3,589,600 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,533 | BOYAmt |
| EOY | $318,759 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,488,400 | BOYAmt |
| EOY | $6,462,271 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $47,643 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $27,032,466 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,805,953 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,597,834 | BOYAmt |
| EOY | $22,226,513 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,872,571 | BOYAmt |
| EOY | $159,022,421 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,616,209 | BOYAmt |
| EOY | $1,189,116 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,046,289 | BOYAmt |
| EOY | $223,937,479 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,756,163 | BOYAmt |
| EOY | $1,695,844 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,257,352 | BOYAmt |
| EOY | $801,579 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,086,565 | BOYAmt |
| EOY | $85,818,899 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,632,265 | BOYAmt |
| EOY | $2,383,547 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,829 | BOYAmt |
| EOY | $110,502 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,832,174 | BOYAmt |
| EOY | $90,810,371 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,648,341 | BOYAmt |
| EOY | $42,337,735 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,565,774 | BOYAmt |
| EOY | $90,789,373 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,214,115 | BOYAmt |
| EOY | $133,127,108 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,046,289 | BOYAmt |
| EOY | $223,937,479 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,676,390 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,240,401 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,798 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,583,395 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,519,124 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,590,351 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,446,437 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,552,549 | CurrentTaxYearAmt |
| Total | $38,691,856 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,583,395 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,519,124 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,590,351 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,446,437 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,552,549 | CurrentTaxYearAmt |
| Total | $38,691,856 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,391,806 | SubstantialContributorsTotAmt |
| Public Support Total170 | $37,300,050 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,950,590 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $699,383 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $747,648 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,312,257 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,774,787 | CurrentTaxYearAmt |
| Total | $9,484,665 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $264,418 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $304,420 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $294,039 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $301,160 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $162,779 | CurrentTaxYearAmt |
| Total | $1,326,816 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,066,321 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,820,575 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,843,048 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,878,483 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $225,204 | CurrentTaxYearAmt |
| Total | $15,833,631 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $65,336,968 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,924,571 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.57090 | PublicSupportCY170Pct |
| Public Support PY170 | 0.74750 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2019 AMOUNT: $ 3,980,685. 2020 AMOUNT: $ 2,820,575. 2021 AMOUNT: $ 3,843,048. 2022 AMOUNT: $ 4,878,483. 2023 AMOUNT: $ 146,704. VENDING COMMISSIONS - 2019 AMOUNT: $ 85,636. SPECIAL ASSISTANCE REVENUE - 2023 AMOUNT: $ 78,500. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $8,801,478 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $61,060,194 | BeginningYearBalanceAmt |
| Contributions | $1,126,042 | ContributionsAmt |
| Investment Earnings Or Losses | $13,012,831 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,590,136 | OtherExpendituresAmt |
| End Year Balance | $73,608,931 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $55,852,674 | BeginningYearBalanceAmt |
| Contributions | $955,163 | ContributionsAmt |
| Investment Earnings Or Losses | $5,975,867 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,723,510 | OtherExpendituresAmt |
| End Year Balance | $61,060,194 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $67,935,681 | BeginningYearBalanceAmt |
| Contributions | $708,884 | ContributionsAmt |
| Investment Earnings Or Losses | -$11,345,509 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,446,382 | OtherExpendituresAmt |
| End Year Balance | $55,852,674 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $56,336,770 | BeginningYearBalanceAmt |
| Contributions | $2,091,516 | ContributionsAmt |
| Investment Earnings Or Losses | $10,299,581 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $792,186 | OtherExpendituresAmt |
| End Year Balance | $67,935,681 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,505,397 | BeginningYearBalanceAmt |
| Contributions | $1,053,366 | ContributionsAmt |
| Investment Earnings Or Losses | $7,807,677 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $525,840 | GrantsOrScholarshipsAmt |
| Other Expenditures | $470,646 | OtherExpendituresAmt |
| Administrative Expenses | $33,184 | AdministrativeExpensesAmt |
| End Year Balance | $56,336,770 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.05990 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.94009 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $101,198 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,022,128 | OtherCostOrOtherBasisAmt |
| Book Value | $1,123,326 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,761,392 | OtherCostOrOtherBasisAmt |
| Depreciation | $126,811 | DepreciationAmt |
| Book Value | $11,634,581 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,984,899 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,454,908 | DepreciationAmt |
| Book Value | $529,991 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $361,371 | OtherCostOrOtherBasisAmt |
| Depreciation | $224,234 | DepreciationAmt |
| Book Value | $137,137 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,801,478 | OtherCostOrOtherBasisAmt |
| Book Value | $8,801,478 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,226,513 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GIFT ANNUITY LIABILITY | Desc |
| Amt | $110,502 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $110,502 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,719,568 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $12,240,401 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $37,484 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $326,095 | OtherRevenueAmt |
| Revenue Not Reported | $12,603,980 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,115,588 | RevenueSubtotalAmt |
| Other Revenues Not Included | $3,798 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,798 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,119,386 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,806,575 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $37,484 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $326,095 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $363,579 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,442,996 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,442,996 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE FOUNDATION HAS COLLECTIONS OF ARTWORK THAT ARE USED TO SUPPORT TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI BY CREATING EDUCATIONAL OPPORTUNITIES AND TO HEIGHTEN UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. TROY UNIVERSITY HAS CREATED AN ART MUSEUM WHERE THESE WORKS OF ART WILL BE DISPLAYED. |
| PART IV, LINE 2B: | TROY UNIVERSITY ALABAMA CODE SECTION 16-13-2 AUTHORIZES STATE INSTITUTIONS TO INVEST ENDOWMENT FUNDS AND FUNDS HELD FOR INVESTMENT. THE FUNDS HELD FOR INVESTMENT POLICY ALLOWS THE UNIVERSITY'S NONOPERATIONAL FUNDS TO BE INVESTED TO EARN A MAXIMUM TOTAL RETURN THAT PRESERVES THE PURCHASING POWER OF NONOPERATIONAL FUNDS HELD FOR INVESTMENT WHILE GENERATING AN INCOME STREAM TO SUPPORT THE NEEDS OF THE UNIVERSITY; AND TO MORE CLOSELY CORRELATE THE INVESTMENT STRATEGY THEREIN WITH THE INVESTMENT POLICY OF THE FOUNDATION WITHIN THE CONSTRAINTS OF WHAT IS ALLOWED BY THE CODE OF ALABAMA. THE FUNDS HELD FOR INVESTMENT'S REAL TOTAL RETURN WILL BE SOUGHT FROM AN INVESTMENT STRATEGY THAT PROVIDES AN OPPORTUNITY FOR SUPERIOR TOTAL RETURNS WITHIN ACCEPTABLE LEVELS OF RISK AND VOLATILITY. SUCH INVESTMENT STRATEGY INCLUDES TRANSFERRING A PORTION OF THE FUNDS HELD FOR INVESTMENT TO THE FOUNDATION TO BE INVESTED IN ACCORDANCE WITH ITS INVESTMENT POLICY AS DIRECTED BY ITS STEWARDSHIP COMMITTEE AND APPROVED BY ITS BOARD OF DIRECTORS. AS OF SEPTEMBER 30, 2024, THE UNIVERSITY HAS TRANSFERRED A TOTAL OF $70,000,000 TO THE FOUNDATION FOR INVESTMENT. THE UNIVERSITY'S INVESTMENTS ARE NOT CO-MINGLED WITH THE FOUNDATION'S INVESTMENT POOL. BELOW IS A SUMMARIZATION OF THE UNIVERSITY'S INVESTMENTS HELD BY THE FOUNDATION: BALANCE AT BEGINNING OF YEAR $ 114,178,857 INVESTMENT INCOME 17,696,469 TRANSFER TO UNIVERSITY (47,151,919) BALANCE AT END OF YEAR $ 84,723,407 CENTER SERVICES, INC. (CSI) INVESTED $626,700 IN THE FOUNDATION'S POOLED ENDOWMENT. THE CSI FUND RECEIVES AN ALLOCATION OF THE EARNINGS AND LOSSES ON THE POOLED INVESTMENTS ON A QUARTERLY BASIS. THE ACTIVITY OF THIS ENDOWMENT AND ITS BALANCE AS OF SEPTEMBER 30, 2024, IS SUMMARIZED IN THE FOLLOWING SCHEDULE: BALANCE AT BEGINNING OF YEAR $ 708,010 INVESTMENT INCOME 169,298 BALANCE AT END OF YEAR $ 877,308 |
| PART V, LINE 4: | THE FOUNDATION ESTABLISHES ENDOWED FUNDS TO SUPPORT DONOR(S) PURPOSES IN PERPETUITY. GIFTS OF CASH OR CASH GENERATED FROM CONVERSION OF A NON-CASH ASSET ARE INVESTED IN THE TROY FOUNDATION ENDOWED INVESTMENT POOL. IT IS THE GOAL OF THE FOUNDATION ENDOWMENT INVESTMENT POLICY TO PROVIDE A REAL TOTAL RETURN FROM ASSETS INVESTED THAT WILL PRESERVE AND INCREASE THE PURCHASING POWER OF THE ENDOWMENT CAPITAL, WHILE GENERATING THE MAXIMUM YIELD TO SUPPORT THE ACTIVITIES OF THE FUNDS HELD FOR THE COLLEGES, SCHOOLS, DEPARTMENTS, UNITS AND PROGRAMS OF THE UNIVERSITY. |
| PART X, LINE 2: | THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN TYPES OF INCOME MAY BE SUBJECT TO TAX FROM UNRELATED BUSINESS INCOME AS DEFINED BY THE TAX CODE. AT TIMES, THE FOUNDATION RECEIVES ROYALTY AND OTHER INCOME THAT MAY BE TAXABLE. DURING FISCAL YEARS 2024 AND 2023, THE FOUNDATION PAID APPROXIMATELY $25,505 AND $24,255 IN UNRELATED BUSINESS INCOME TAX FOR TAXABLE INCOME GENERATED IN FISCAL YEARS 2024 AND 2023, RESPECTIVELY. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. AS OF SEPTEMBER 30, 2024 AND 2023, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 153,257. RENTAL EXPENSES 172,838. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | DISTRIBUTIONS FROM PERPETUAL TRUST 76,117. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -72,319. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 153,257. RENTAL EXPENSES 172,838. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | FOOTBALL KICKOFF PARTY | Event1Nm |
| Gross Receipts Event1 | $70,018 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $4,518 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $65,500 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $8,000 | CashPrizesEvent1Amt |
| Food And Beverage Event1 | $36,635 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $200 | OtherDirectExpensesEvent1Amt |
| Event2 | HIGH SCHOOL SEUS | Event2Nm |
| Gross Receipts Event2 | $59,300 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $59,300 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $7,036 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $4,553 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $1,265 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 9 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $215,484 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $127,784 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $87,700 | GrossRevenueOtherEventsAmt |
| Cash Prizes Other Events | $1,000 | CashPrizesOtherEventsAmt |
| Non Cash Prizes Other Events | $11,046 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $39,306 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $30,417 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $11,700 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $2,099 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $344,802 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $132,302 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $212,500 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $9,000 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $18,082 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $39,306 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $71,605 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $11,700 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $3,564 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $153,257 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $59,243 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROY UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TROY MAIN CAMPUS | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36082 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 636001102 | RecipientEIN |
| IRC Section | 115 | IRCSectionDesc |
| Cash Grant | $4,508,560 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | NA | ValuationMethodUsedDesc |
| Non Cash Assistance | NA | NonCashAssistanceDesc |
| Purpose Of Grant | EMINENT SCHOLAR PROFESSORSHIPS AND OTHER EXPENSES | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | STUDENT SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 257 | RecipientCnt |
| Cash Grant | $1,077,587 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | NA | ValuationMethodUsedDesc |
| Non Cash Assistance | NA | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION PRESIDENT, FOUNDATION VICE PRESIDENT, AND FOUNDATION TREASURER ARE RESPONSIBLE FOR DISBURSEMENTS OF FUNDS. FINAL EXPENDITURE OF FOUNDATION FUNDS REQUIRES THE APPROVAL OF THE FUND ADMINISTRATOR, FOUNDATION ACCOUNTING COORDINATOR, AND DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING FOR DISBURSEMENTS OF $500 OR LESS. FOR DISBURSEMENTS OVER $500, THE APPROVAL OF THE FUND ADMINISTRATOR, DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING, FOUNDATION PRESIDENT, AND FOUNDATION TREASURER IS REQUIRED. | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenuesTxt |
Real Estate Other RealEstateOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $89,850 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 4 | $2,246 | APPRAISAL |
| Yes (X) | CLOTHING | 1 | $300 | APPRAISAL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE M, PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DR. JAMES BOOKOUT, DR. JACK HAWKINS, DR. JAMES ANDREWS, AND BRIG. GEN. RICHARD BOUTWELL - BUSINESS RELATIONSHIP |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TREASURER, VICE PRESIDENT, AND SECRETARY OF THE FOUNDATION REVIEWED THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION OFFICE. |
| FORM 990, PART IX, LINE 11G | CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 972,356. MANAGEMENT AND GENERAL EXPENSES 178,033. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,150,389. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 72,319. BENEFICIAL INTEREST IN TRUSTS -76,117. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SORRELL SOLUTIONS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 241 ADAMS ADMINISTRATION BUILDING | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36079 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474977833 | EIN |
| Primary Activities | ADMINISTRATIVE SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Total Income | $1,618 | TotalIncomeAmt |
| End Of Year Assets | $59,137 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROY UNIVERSITY FOUNDATION | BusinessNameLine1Txt |