University Of No Ala Foundation
- Assets
- $36.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, AL
- Founding
- 11/1981
- Data as of
- 09/2019
- EIN
- 63-0814488
Organization Overview
University Of No Ala Foundation is located in Florence, AL. The organization was established in 1981. 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.
For the year ending 09/2019, University Of No Ala Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $6.6m during the year ending 09/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE UNIVERSITY OF NORTH ALABAMA IN ITS EDUCATIONAL ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE USED TO PROMOTE, SUPPORT, FOSTER, AND CARRY OUT ACTIVITIES TO BROADEN EDUCATIONAL OPPORTUNITIES. ALSO, THE FOUNDATION PROVIDES AID SERVICES TO STUDENTS, FACULTY, AND ALUMNI OF THE UNIVERSITY OF NORTH ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry L Smith-Chair Board Member | OfficerTrustee | 0 | $0 |
Deborah Shaw Ex Officio-Eo & Secr. | OfficerTrustee | 0 | $0 |
Evan Thornton Ex Officio | OfficerTrustee | 0 | $0 |
David Sunseri-Treasurer Board Member | OfficerTrustee | 0 | $0 |
David Muhlendorf Board Member | Trustee | 0 | $0 |
Nancy B Opler Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,013,556 |
| Investment income | $455,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,550,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,167,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,650 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,841 |
| All other expenses | $0 |
| Total functional expenses | $6,604,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,045,404 |
| Pledges and grants receivable | $759,172 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,098 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $30,254,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $929,685 |
| Total assets | $36,102,869 |
| Accounts payable and accrued expenses | $764,428 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $211,338 |
| Total liabilities | $975,766 |
| Net assets without donor restrictions | $1,915,180 |
| Net assets with donor restrictions | $33,211,923 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $35,127,103 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that University Of No Ala Foundation has recieved totaling $5,560.
| Awarding Organization | Amount |
|---|---|
Allen And Christine B Thornton Charitable Foundation Tuscumbia, AL PURPOSE: TO ACCOMPLISH OUR CHARITABLE PURPOSES. | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $200 |
Baker Family Foundation Florence, AL PURPOSE: BENEVOLENT DONATION | $160 |
Endowment Analysis
| Beg. Balance | $30,812,828 |
| Earnings | -$1,253,329 |
| Net Contributions | $1,068,534 |
| Grants | $925,512 |
| Ending Balance | $29,702,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oxbridge Academy Foundation Inc West Palm Beach, FL | $58,213,940 | $17,922,066 |
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
Florida Gulf Coast University Foundation Inc Fort Myers, FL | $148,110,354 | $24,893,229 |
University Of Chattanooga Foundation Inc Chattanooga, TN | $191,453,503 | $8,920,916 |
Florida State University Research Foundation Inc Tallahassee, FL | $181,884,344 | $21,810,684 |
Fsu Financial Assistance Inc Tallahassee, FL | $151,220,276 | $14,595,271 |
Usf Health Professions Conferencing Corporation Tampa, FL | $21,554,975 | $14,618,173 |
University Of South Alabama Foundation Mobile, AL | $389,818,068 | $13,677,546 |
Robert M Hearin Support Foundation Jackson, MS | $188,363,893 | $15,235,625 |
Georgia Tech Facilities Inc Atlanta, GA | $429,950,395 | $14,723,170 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $126,533,616 | $11,055,454 |