UNIVERSITY OF SOUTH ALABAMA FOUNDATION: Form 990, tax year 2013
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- Organization
- UNIVERSITY OF SOUTH ALABAMA FOUNDATION (EIN 63-6065809)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-03-10
- IRS object ID
- 201520699349300407
- Schema version
- 2013v4.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-10T10:03:24-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 424 CHURCH STREET SUITE 2400 | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 372192396 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 636065809 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH ALABAMA FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 2514322116 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3148 | AddressLine1 |
| City | MOBILE | City |
| State | AL | State |
| ZIP Code | 36652 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAXEY J ROBERTS | PersonNm |
| Person Title | MANAGING DIRECTOR | PersonTitleTxt |
| Phone | 2514322116 | PhoneNum |
| Signature | 2015-03-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00752421 | PTIN |
| Phone | 6152591800 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MAXEY J ROBERTS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3148 | AddressLine1 |
| City | MOBILE | City |
| State | AL | State |
| ZIP Code | 36652 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,560,444 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | USAFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF SOUTH ALABAMA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 13 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $181,050 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$155,641 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,300 | PYContributionsGrantsAmt |
| CY Contributions Grants | $56,925 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,849,599 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,196,384 | CYInvestmentIncomeAmt |
| PY Other Revenue | $824,423 | PYOtherRevenueAmt |
| CY Other Revenue | $941,419 | CYOtherRevenueAmt |
| PY Total Revenue | $6,690,322 | PYTotalRevenueAmt |
| CY Total Revenue | $7,194,728 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,449,038 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,515,680 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,150,286 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,240,791 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $19,923 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,543,768 | PYOtherExpensesAmt |
| CY Other Expenses | $2,349,353 | CYOtherExpensesAmt |
| PY Total Expenses | $8,143,092 | PYTotalExpensesAmt |
| CY Total Expenses | $8,105,824 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,452,770 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$911,096 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $308,091,378 | TotalAssetsBOYAmt |
| Total Assets EOY | $329,282,712 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,666,434 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,886,102 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $299,424,944 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $324,396,610 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION WAS ESTABLISHED TO SUPPORT THE FUNCTIONS AND ACTIVITIES OF THE UNIVERSITY OF SOUTH ALABAMA. CONTRIBUTIONS ARE MADE DIRECTLY TO THE UNIVERSITY FOR AND IN SUPPORT OF STUDENT SCHOLARSHIPS, FACULTY POSITIONS AND PROGRAMS, AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY. EXAMPLES INCLUDE PROVIDING $17,778,870 IN TOTAL SUPPORT TO THE MITCHELL CANCER INSTITUTE, A MAJOR UNIVERSITY UNDERTAKING AND PROGRAM, SUPPORT TO THE UNIVERSITY MEDICAL SIMULATION PROGRAM, FUNDING 22 NEW GRADUATE ASSISTANTSHIPS CRITICAL IN THE SUPPORT OF NEW GRADUATE PROGRAMS LAUNCHED BY THE UNIVERSITY, AS WELL AS PROVIDING STIPEND SUPPORT TO THE GRADUATE ASSISTANT PROGRAM, TOTALING $2,756,625 TO DATE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,545,937 | ExpenseAmt |
| Grant | $4,515,680 | GrantAmt |
| Desc | CONTRIBUTIONS TO THE UNIVERSITY OF SOUTH ALABAMA | Desc |
| Total Program Service Expenses | $7,545,937 | 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 | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| 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 | 0 | 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 | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 29 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 13 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 | 0 | QuidProQuoContributionsInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | 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 | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAXEY J ROBERTS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2514322116 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 N CONCEPTION STREET | AddressLine1 |
| City | MOBILE | City |
| State | AL | State |
| ZIP Code | 366036477 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| OTHA LEE BIGGS | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALPHA JOHNSON | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN W SMITH | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TONY G WALDROP | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VERLA LEDLOW WILTERS | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEVEN P FURR | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WALTER E PENRY JR | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| J ALLAN TUCKER | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN T WHIDDON | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET D YOUNG | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEN SIMON | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ELLEN F GREEN | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GREGORY LUCE | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT P HALL | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS A ZOGHBY | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NOLAN C LEAKE | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOAN SINNOTT | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LOWELL J BONDS | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOHN MCMILLAN | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| A JEANNE SYLVESTRE | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ROBERT D WORD | ||||||
| BOARDMEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MAXEY J ROBERTS | ||||||
| MANAGING DIRECTOR/BOARDMEM | 40.00 | Yes (X) | $243,695 | $0 | $1,762 | Yes (X) |
| BRAD B ROBERTS | ||||||
| CONTROLLER | 40.00 | Yes (X) | $150,623 | $0 | $1,755 | Yes (X) |
| ROBERT M HOPE | ||||||
| INVESTMENT MANAGER | 40.00 | Yes (X) | $135,544 | $0 | $14,705 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $529,862 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $18,222 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JONES WALKER LLP | |||||
| N WATER ST STE 1200 | MOBILE | AL | 36602 | LEGAL SERVICES | $362,780 |
| DELOITTE & TOUCHE LLP | |||||
| 420 N 20TH STREET | BIRMINGHAM | AL | 35203 | AUDITING & TAX | $148,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $56,925 | AllOtherContributionsAmt |
| Total Contributions | $56,925 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,087,735 | TotalRevenueColumnAmt |
| Exclusion | $2,087,735 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $171,458 | TotalRevenueColumnAmt |
| Exclusion | $171,458 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $634,096 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $45,185 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $588,911 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $588,911 | TotalRevenueColumnAmt |
| Exclusion | $588,911 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,246,384 | SecuritiesAmt |
| Other | $3,182,796 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,750,567 | SecuritiesAmt |
| Other | $1,569,964 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,495,817 | SecuritiesAmt |
| Other | $1,612,832 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,108,649 | TotalRevenueColumnAmt |
| Exclusion | $4,108,649 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| HEAVY EQUIPMENT USAGE | 110000 | $169,050 | $169,050 |
| ACCOUNTING AND ADMIN. | 541200 | $12,000 | $12,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $181,050 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,194,728 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $181,050 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,956,753 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,515,680 | TotalAmt |
| Program Services | $4,515,680 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $541,628 | TotalAmt |
| Program Services | $431,080 | ProgramServicesAmt |
| Management And General | $93,289 | ManagementAndGeneralAmt |
| Fundraising | $17,259 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,820 | TotalAmt |
| Program Services | $317,002 | ProgramServicesAmt |
| Management And General | $115,818 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,462 | TotalAmt |
| Program Services | $108,155 | ProgramServicesAmt |
| Management And General | $30,902 | ManagementAndGeneralAmt |
| Fundraising | $1,405 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,357 | TotalAmt |
| Program Services | $48,785 | ProgramServicesAmt |
| Management And General | $13,938 | ManagementAndGeneralAmt |
| Fundraising | $634 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,524 | TotalAmt |
| Program Services | $48,144 | ProgramServicesAmt |
| Management And General | $13,755 | ManagementAndGeneralAmt |
| Fundraising | $625 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,061 | TotalAmt |
| Program Services | $258,096 | ProgramServicesAmt |
| Management And General | $49,965 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,880 | TotalAmt |
| Program Services | $125,418 | ProgramServicesAmt |
| Management And General | $37,462 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $295,362 | TotalAmt |
| Program Services | $295,362 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,205 | TotalAmt |
| Program Services | $38,191 | ProgramServicesAmt |
| Management And General | $10,014 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,500 | TotalAmt |
| Program Services | $21,175 | ProgramServicesAmt |
| Management And General | $6,325 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,799 | TotalAmt |
| Program Services | $1,385 | ProgramServicesAmt |
| Management And General | $414 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,408 | TotalAmt |
| Program Services | $107,344 | ProgramServicesAmt |
| Management And General | $32,064 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,606 | TotalAmt |
| Program Services | $170,606 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,817 | TotalAmt |
| Program Services | $81,479 | ProgramServicesAmt |
| Management And General | $24,338 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $244,272 | TotalAmt |
| Program Services | $194,930 | ProgramServicesAmt |
| Management And General | $49,342 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| TIMBER MGT & MAINT | $230,500 | $230,500 | |
| CONSULTANT AND PROF FEE | $202,047 | $181,908 | $20,139 |
| PROPERTY TAX | $174,300 | $168,072 | $6,228 |
| REPAIR AND MAINT EXP | $113,744 | $87,583 | $26,161 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,852 | TotalAmt |
| Program Services | $115,042 | ProgramServicesAmt |
| Management And General | $9,810 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,105,824 | TotalAmt |
| Program Services | $7,545,937 | ProgramServicesAmt |
| Management And General | $539,964 | ManagementAndGeneralAmt |
| Fundraising | $19,923 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $895,823 | BOYAmt |
| EOY | $665,269 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,085 | BOYAmt |
| EOY | $51,104 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $184,423,358 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,195,919 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $181,230,055 | BOYAmt |
| EOY | $183,227,439 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,192,773 | BOYAmt |
| EOY | $133,236,170 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,573,365 | BOYAmt |
| EOY | $10,675,125 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,170,277 | BOYAmt |
| EOY | $1,427,605 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,091,378 | BOYAmt |
| EOY | $329,282,712 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $787,919 | BOYAmt |
| EOY | $836,981 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,783,515 | BOYAmt |
| EOY | $3,954,121 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,000 | BOYAmt |
| EOY | $95,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,666,434 | BOYAmt |
| EOY | $4,886,102 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,168,478 | BOYAmt |
| EOY | $63,961,209 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,861,593 | BOYAmt |
| EOY | $90,909,128 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,394,873 | BOYAmt |
| EOY | $169,526,273 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $299,424,944 | BOYAmt |
| EOY | $324,396,610 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,091,378 | BOYAmt |
| EOY | $329,282,712 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$911,096 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $25,882,762 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Certification | Yes (X) | CertificationInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH ALABAMA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 630477348 | EIN |
| Organization Type | 6 | OrganizationTypeDesc |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Supported Org Notified | Yes (1) | SupportedOrgNotifiedInd |
| US Organized | Yes (1) | USOrganizedInd |
| Support | $4,515,680 | SupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $4,515,680 | SupportSumAmt |
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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $299,424,944 | BeginningYearBalanceAmt |
| Contributions | $56,925 | ContributionsAmt |
| Investment Earnings Or Losses | $33,020,566 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$4,515,680 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$3,590,145 | AdministrativeExpensesAmt |
| End Year Balance | $324,396,610 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $284,481,819 | BeginningYearBalanceAmt |
| Contributions | $16,300 | ContributionsAmt |
| Investment Earnings Or Losses | $23,069,917 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$4,449,038 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$3,694,054 | AdministrativeExpensesAmt |
| End Year Balance | $299,424,944 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $284,211,930 | BeginningYearBalanceAmt |
| Contributions | $195,570 | ContributionsAmt |
| Investment Earnings Or Losses | $8,060,575 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$4,426,156 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$3,560,100 | AdministrativeExpensesAmt |
| End Year Balance | $284,481,819 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $264,246,593 | BeginningYearBalanceAmt |
| Contributions | $22,232 | ContributionsAmt |
| Investment Earnings Or Losses | $27,871,686 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$4,169,744 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$3,758,837 | AdministrativeExpensesAmt |
| End Year Balance | $284,211,930 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $250,754,715 | BeginningYearBalanceAmt |
| Contributions | $14,550 | ContributionsAmt |
| Investment Earnings Or Losses | $21,055,420 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$4,395,304 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$3,182,788 | AdministrativeExpensesAmt |
| End Year Balance | $264,246,593 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.19720 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.52260 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.28020 | 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 | $181,610,839 | InvestmentCostOrOtherBasisAmt |
| Book Value | $181,610,839 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,373,396 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $291,944 | DepreciationAmt |
| Book Value | $1,081,452 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $863,860 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $686,101 | DepreciationAmt |
| Book Value | $177,759 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $575,263 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $217,874 | DepreciationAmt |
| Book Value | $357,389 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $183,227,439 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| Amt | $95,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $95,000 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 4: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S ENDOWMENT IS COMPRISED OF INDIVIDUAL FUNDS TO BE USED FOR SPECIFIC SCHOLARSHIPS, FACULTY POSITIONS, AND ACADEMIC PROGRAMS. THESE ENDOWMENT FUNDS WERE CREATED FROM INITIAL GIFTS OR CONTRIBUTIONS WITH THE INCOME AND APPRECIATION GENERATED FROM THESE ENDOWMENT FUNDS USED TO FUND VARIOUS SCHOLARSHIPS, FACULTY POSITIONS, AND ACADEMIC PROGRAMS FOR THE UNIVERSITY OF SOUTH ALABAMA. | ExplanationTxt |
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 | UNIVERSITY OF SOUTH ALABAMA | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 307 N UNIVERSITY BLVD | AddressLine1 |
| City | MOBILE | City |
| State | AL | State |
| ZIP Code | 36688 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 630477348 | RecipientEIN |
| Cash Grant | $4,515,680 | CashGrantAmt |
| Purpose Of Grant | SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION FUNDS VARIOUS SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT TO THE UNIVERSITY OF SOUTH ALABAMA. THE UNIVERSITY OF SOUTH ALABAMA DETERMINES THE ELIGIBILITY AND AWARDING OF SCHOLARSHIPS TO WORTHY STUDENTS. THE UNIVERSITY ALSO DETERMINES THE PLACEMENT OF FACULTY POSITIONS AND CURRENT NEED FOR SUPPORT OF OTHER MORE SPECIFIC PROGRAMS. FUNDING TO THE UNIVERSITY IS BASED IN PART ON PERCENTAGE OF THE FOUNDATION'S NET ASSETS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MAXEY J ROBERTS | ||||||||||||||
| MANAGING DIRECTOR/BOARDMEM | $243,695 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,762 | $0 | $245,457 | $0 | $0 | $0 |
| BRAD B ROBERTS | ||||||||||||||
| CONTROLLER | $150,623 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,755 | $0 | $152,378 | $0 | $0 | $0 |
| ROBERT M HOPE | ||||||||||||||
| INVESTMENT MANAGER | $135,544 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14,705 | $0 | $150,249 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | OTHER PROGRAMMATIC SUPPORT INCLUDES $750,000 ANNUALLY TO SUPPORT SCHOLARSHIPS FOR STUDENTS IN THE HONORS PROGRAM, THAT HAS TOTALED $10,500,000 OVER THE PERIOD SINCE ITS INCEPTION, AS WELL AS PROVIDING FINANCIAL SUPPORT TO 37 FACULTY POSITIONS, SUPPORT OF 151 DESIGNATED SCHOLARSHIPS, A TOTAL COMMITMENT OF $500,000 TO A FUND TO SUPPORT THE COLLEGES OF ENGINEERING AND COMPUTING AND TO NUMEROUS ONGOING ACADEMIC PROGRAMS. ADDITIONALLY, THE FOUNDATION ENGAGES IN ONGOING DIALOGUE WITH THE UNIVERSITY COMMUNITY, ITS FACULTY AND STUDENTS THROUGH MORE THAN FIFTEEN EVENTS ANNUALLY, INCLUDING RECEPTIONS, LECTURES, LUNCHEONS AND OTHER EVENTS. AS A FURTHER EXAMPLE OF THE SUPPORT BY THE FOUNDATION IN ACTIVITIES TO SUPPORT THE UNIVERSITY, IN 2010 AND IN FURTHERANCE OF THE FINANCIAL SUPPORT BY THE FOUNDATION TO THE UNIVERSITY IN CARRYING OUT ITS CRITICAL MISSION IN HEALTHCARE AND ACADEMIC MEDICINE, THE FOUNDATION PURCHASED A 327-ACRE PROPERTY, THE BROOKLEY CAMPUS, FROM THE UNIVERSITY, WHICH PURCHASE OF $20 MILLION SUPPORTED THE COMPLETION OF AN EXPANSION AT THE UNIVERSITY'S CHILDREN'S AND WOMEN'S HOSPITAL (DESCRIPTION OF THIS TRANSACTION IS DETAILED HEREIN). SERVING ON THE BOARD OF DIRECTORS OF THE USA FOUNDATION ARE THE CHAIRMAN PRO TEMPORE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF SOUTH ALABAMA, THE VICE CHAIRMAN OF THE UNIVERSITY BOARD, AND THE PRESIDENT OF THE UNIVERSITY, AS WELL AS A REPRESENTATIVE FROM THE FACULTY OF THE UNIVERSITY AND A REPRESENTATIVE OF THE ALUMNI OF THE UNIVERSITY. THESE INDIVIDUALS PROVIDE A STRONG UNDERSTANDING AND VOICE OF THE NEEDS OF THE UNIVERSITY TO THE FOUNDATION PROVIDING A UNIQUE UNDERSTANDING AND RESPONSIVENESS TO THOSE NEEDS. THE FOUNDATION AND THE MEMBERS OF THE FOUNDATION BOARD INTERACT WITH THE UNIVERSITY THROUGH A PROCESS THAT INCLUDES INFORMAL MEETINGS WITH UNIVERSITY ADMINISTRATORS AND FOUNDATION REPRESENTATIVES, DISCUSSIONS AND DIALOGUE THROUGH SMALL GROUPS AND FINALLY DISCUSSIONS AND ACTIONS AT FORMAL BOARD MEETINGS. THIS BASIS OF DIALOGUE CREATES AN UNDERSTANDING OF THE NEEDS OF THE UNIVERSITY AND HAS RESULTED IN THE FOUNDATION'S SUPPORT OF UNIQUE AND CRITICAL UNIVERSITY PROGRAMS, FACULTY NEEDS AND SCHOLARSHIP INITIATIVES, AS DESCRIBED IN THIS SCHEDULE. THIS PROCESS OF INTERACTION IS ONGOING AND LEADS TO A DEPTH OF RESPONSIVENESS AND UNDERSTANDING BY BOTH THE UNIVERSITY AND THE FOUNDATION. OVER THE PAST TEN YEARS, NEARLY $56 MILLION HAS BEEN CONTRIBUTED TO THE UNIVERSITY, REFLECTING THE CENTRAL PHILOSOPHY OF ENDOWMENT FOUNDATIONS TO SUPPORT CURRENT NEEDS, WHILE ASSURING THE PURCHASING POWER IN THE FUTURE OF ENDOWMENT ASSETS AND PRESERVING STRONG ENDOWMENT ASSETS TO ASSURE SUPPORT OF THE MANY PROGRAMS AND SERVICES, AS WELL AS THE FACULTY AND STUDENTS, OF THE UNIVERSITY. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS PREPARED BY THE FOUNDATION'S MANAGEMENT AND INDEPENDENT TAX CONSULTANTS. UPON COMPLETION, FORM 990 IS SUBMITTED TO THE FOUNDATION'S INVESTMENT AND AUDIT COMMITTEE FOR REVIEW AND THEN TO THE BOARD OF DIRECTORS FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION HAS A WRITTEN CODE OF CONDUCT AND ETHICS POLICY ("CODE") FOR ITS DIRECTORS, OFFICERS, AND EMPLOYEES. WITHIN THE CODE, THE FOUNDATION HAS INCORPORATED ITS CONFLICT OF INTEREST POLICY. THE FOUNDATION REVIEWS THE POLICY ANNUALLY AND REQUIRES ALL FOUNDATION DIRECTORS, OFFICERS, AND EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION DETERMINES COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES INITIALLY THROUGH AN INDEPENDENT COMPENSATION STUDY AND REVIEW OF RELEVANT DATA. THE INFORMATION IS PRESENTED TO THE FOUNDATION'S INVESTMENT AND AUDIT COMMITTEE FOR ITS REVIEW AND ACTION WITH RESPECT TO COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PROVIDES, TO THE PUBLIC, ACCESS TO ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. ALL SUCH DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FURTHER, THE FOUNDATION'S ARTICLES OF INCORPORATION ARE FILED IN THE PROBATE COURT OF MOBILE COUNTY, ALABAMA, AND THE FOUNDATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS. THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE FORWARDED TO THE UNIVERSITY OF SOUTH ALABAMA AND MADE AVAILABLE TO THE LOCAL NEWSPAPER. THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S FORM 990 IS AVAILABLE ON REQUEST, AND THE FOUNDATION ALSO DISCLOSES ITS NET ASSETS ON ITS WEBSITE. |
| DESCRIPTION OF LOAN PAYABLE: | DURING THE FISCAL YEAR ENDING JUNE 30, 2011, THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PURCHASES 327 ACRES FROM THE UNIVERSITY OF SOUTH ALABAMA, KNOWN AS THE BROOKLEY CAMPUS. THE PROPERTY WAS PURCHASED FROM THE UNIVERSITY OF SOUTH ALABAMA IN FURTHERENCE OF THE FINANCIAL SUPPORT OF THE UNIVERSITY BY THE FOUNDATION IN ORDER TO ASSIST THE UNIVERSITY IN CARRYING OUT ITS TAX EXEMPT PURPOSE AND SPECIFICALLY IN ORDER TO FUND THE PEDIATRIC EXPANSION OF THE UNIVERSITY OF SOUTH ALABAMA CHILDREN'S AND WOMEN'S HOSPITAL, AN INTEGRAL PART OF THE TEACHING MISSION AND HEALTH SERVICES MISSIONS OF THE UNIVERSITY OF SOUTH ALABAMA. THE PURCHASE WAS $20,000,000 TO BE PAID IN FIVE ANNUAL INSTALLMENT OF $4,000,000. UNDER THE PURCHASE AGREEMENT, FOR A FIVE-YEAR USE PERIOD, THE UNIVERSITY RETAINS COMPLETE USE OF THE BUILDING AND IMPROVEMENTS ON THE 327-ACRE PROPERTY, INCLUDING THE ABILITY TO LEASE FACILITIES AND TO RETAIN ANY AND ALL RENT FROM SUCH LEASES, FURTHER ASSISTING THE UNIVERSITY OF SOUTH ALABAMA IN ITS MISSION OF EDUCATIONAL PURPOSES. THE CURRENT BALANCE OF THE INSTALLMENT NOTE AT JUNE 30, 2014 IS $3,954,121. (PART X, LINE 23) THIS PURCHASE PROVIDED THE UNIVERSITY WITH THE FUNDS TO FURTHER ITS TAX-EXEMPT PURPOSE, AND TO ENABLE THE UNIVERSITY TO FOCUS ITS ACTIVITIES MORE ON PROVISION OF EDUCATION AND LESS ON THE OWNERSHIP OF PROPERTY. THE PROPERTY, KNOWN AS THE BROOKLEY CAMPUS, IS HELD IN A SUBSIDIARY OF THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION, BROOKLEY BAY FRONT PROPERTIES, LLC, BROOKLEY BAY FRONT PROPERTY, LLC IS CLASSIFIED AS A DISREGARDED ENTITY AS IS LISTED ON SCHEDULE R, PART I. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROOKLEY BAY FRONT PROPERTIES LLC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3148 | AddressLine1 |
| City | MOBILE | City |
| State | AL | State |
| ZIP Code | 366523148 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273506316 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | AL | LegalDomicileStateCd |
| End Of Year Assets | $23,038,623 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USAF | BusinessNameLine1 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Share Of Total IncomeShareOfTotalIncomeAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KNOLLWOOD DEVELOPMENT INC | ||||||||||||
| PO BOX 3148 | MOBILE | AL | 366523148 | 631053940 | REAL ESTATE | AL | USAF | C | $1,513,190 | 1.00000 | 0 | |
| SHUBUTA TIMBER SERVICES INC | ||||||||||||
| PO BOX 3148 | MOBILE | AL | 366523148 | 631234748 | TIMBER SERVICES | AL | USAF | C | $74,635 | 1.00000 | 0 | $271,147 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt |
|---|---|
| SHUBUTA TIMBER SERVICES INC | |
| J | $169,050 |
| SHUBUTA TIMBER SERVICES INC | |
| M | $271,147 |
| SHUBUTA TIMBER SERVICES INC | |
| P | $602,775 |
| SHUBUTA TIMBER SERVICES INC | |
| L | $12,000 |
| SHUBUTA TIMBER SERVICES INC | |
| Q | $140,000 |
| KNOLLWOOD DEVELOPMENT INC | |
| P | $12,500 |
| BROOKLEY BAY FRONT PROPERTIES LLC | |
| R | $4,000,000 |
| BROOKLEY BAY FRONT PROPERTIES LLC | |
| P | $260,414 |