Jacksonville State University Foundation
- Assets
- $100.0m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, AL
- Founding
- 08/1980
- Data as of
- 12/2021
- EIN
- 59-0790962
Organization Overview
Jacksonville State University Foundation is located in Jacksonville, AL. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Jacksonville State University 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 12/2021, Jacksonville State University Foundation generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $9.8m during the year ending 12/2021. While expenses have increased by 15.3% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OVERALL PURPOSE IS TO MAXIMIZE PRIVATE GIFT SUPPORT FOR JACKSONVILLE STATE UNIVERSITY
Describe the Organization's Program Activity:
THE FOUNDATION IS LAYING THE GROUNDWORK FOR THE FUTURE FUNDRAISING SUCCESS IN ORDER TO AID THE UNIVERSITY IN FULFILLING ITS OWN MISSION OF EXCELLENCE IN EDUCATION, RESEARCH, AND SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Greg Sumner Vice President | OfficerTrustee | 1 | $0 |
Floyd Kirby Treasurer | OfficerTrustee | 5 | $0 |
Nancy Chambers President | OfficerTrustee | 1 | $0 |
Dr Emily Messer Secretary | OfficerTrustee | 1 | $0 |
James Storey Emeritus | Trustee | 1 | $0 |
Bob Kennamer Emeritus | Trustee | 1 | $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 | $7,404,342 |
| Noncash contributions included in lines 1a–1f | $79,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,404,342 |
| Total Program Service Revenue | $4,656,186 |
| Investment income | $806,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,437,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,547,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,655,033 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,466,447 |
| Fees for services: Legal | $11,385 |
| Fees for services: Accounting | $45,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $393,766 |
| Fees for services: Other | $2,032 |
| Advertising and promotion | $188,834 |
| Office expenses | $83,840 |
| Information technology | $148,027 |
| Royalties | $0 |
| Occupancy | $330,024 |
| Travel | $59,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,173 |
| Interest | $1,733,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,491,053 |
| Insurance | $58,845 |
| All other expenses | $171,653 |
| Total functional expenses | $9,791,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,385,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,977,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,715 |
| Net Land, buildings, and equipment | $39,163,579 |
| Investments—publicly traded securities | $49,501,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,901,229 |
| Total assets | $99,989,549 |
| Accounts payable and accrued expenses | $471,842 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $42,746,871 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,016,806 |
| Total liabilities | $46,235,519 |
| Net assets without donor restrictions | $784,975 |
| Net assets with donor restrictions | $52,969,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $99,989,549 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jacksonville State University Foundation has recieved totaling $12,693.
| Awarding Organization | Amount |
|---|---|
Naphcare Charitable Foundation Birmingham, AL PURPOSE: COLLEGE SCHOLARSHIPS FOR BRYANNA DAVIS, EMMA HUDDLESTON, ABBY HUDDLESTON, & TIMOTHY MOTE | $10,693 |
Charter Foundation Inc West Point, GA PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $12,816,833 |
| Earnings | $2,522,718 |
| Ending Balance | $15,339,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |
Jessie Ball Dupont Religious Charitable & Educational Fund Jacksonville, FL | $0 | $23,306,581 |
Avant Garde Academy Foundation Inc Hollywood, FL | $46,079,616 | $17,259,977 |
Florida State University Research Foundation Inc Tallahassee, FL | $238,210,385 | $28,107,542 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |