University Of Montevallo Foundation

Organization Overview

University Of Montevallo Foundation is located in Montevallo, AL. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Montevallo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, University Of Montevallo Foundation generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.5m during the year ending 09/2021. While expenses have increased by 10.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE UNIVERSITY OF MONTEVALLO FOUNDATION IS AN INDEPENDENT, SELF-GOVERNED, PRIVATE CORPORATION. ITS PURPOSE IS TO SOLICIT, RECEIVE, DEVELOP, MANAGE AND DISBURSE FINANCIAL GIFTS AND OTHER RESOURCES, AND TO SUPPORT THE EDUCATIONAL, DEVELOPMENT AND SOCIAL PROGRAMS AND EXPERIENCES FOR THE STUDENTS OF THE UNIVERSITY OF MONTEVALLO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS - THE FOUNDATION AWARDED SCHOLARSHIPS TO 1,789 UNIVERSITY STUDENTS.


ACADEMIC SUPPORT - ACTIVITIES INCLUDE PROVIDING FUNDING FOR EDUCATIONAL SEMINARS, EDUCATIONAL MATERIALS, AND CONSULTANTS THAT ARE UTILIZED BY THE FACULTY OF THE UNIVERSITY OF MONTEVALLO.


PROGRAM MANAGEMENT - INCLUDES AMOUNTS PAID TO THE UNIVERSITY OF MONTEVALLO FOR EQUIPMENT AND/OR FUNDRAISING SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Dillard
VP Of Advancement
$0
Anita M Brueck
Member
$0
Clayton M Nordan
Member
$0
David M Pickett
Member
$0
Gerald Rivero
Member
$0
Kittilax Kridakorn
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,519,540
Noncash contributions included in lines 1a–1f $135,054
Total Revenue from Contributions, Gifts, Grants & Similar$2,519,540
Total Program Service Revenue$168,544
Investment income $1,386,669
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,000
Net Gain/Loss on Asset Sales $2,593,099
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,691,852

Grants Recieved

Over the last fiscal year, we have identified 23 grants that University Of Montevallo Foundation has recieved totaling $409,637.

Awarding OrganizationAmount
The Community Fdn Of Middle Tn Inc

Nashville, TN

PURPOSE: FOR GRAINGER COMMUNITY COUNSELING AND WELLNESS CLINIC

$125,000
Salmon Foundation Inc

New York, NY

PURPOSE: FOR OPERATIONS

$40,000
The Community Foundation Of Greater Birmingham

Birmingham, AL

PURPOSE: GENERAL SUPPORT

$35,000
Joe And Mary Ann Cromeans Charitable Foundation Trust

Orange Beach, AL

PURPOSE: SCHOLARSHIPS

$35,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$32,000
Hill Crest Foundation Inc

Mountain Brook, AL

PURPOSE: SUPPORT

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,915,143
Net Contributions$6,935,588
Ending Balance$35,850,731

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