University Of No Ala Foundation

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. University Of No Ala 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 No Ala Foundation generated $8.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.0m during the year ending 09/2021. 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

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)Compensation
Matthew Schmitz
Board Member
$0
Evan Thornton
Ex Officio
$0
Jason Thomas
Chair
$0
Kevin Haslam
Executive Director
$0
Kyle Buchanan
Board Member
$0
Kenneth D Kitts
Ex Officio
$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$7,000,370
Noncash contributions included in lines 1a–1f $1,149,285
Total Revenue from Contributions, Gifts, Grants & Similar$7,000,370
Total Program Service Revenue$0
Investment income $1,464,566
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $361,047
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,869,792

Grants Recieved

Over the last fiscal year, we have identified 11 grants that University Of No Ala Foundation has recieved totaling $294,226.

Awarding OrganizationAmount
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$135,000
Grace Foundation Of Memphis Inc

Memphis, TN

PURPOSE: PROGRAM SUPPORT

$76,984
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$25,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$14,500
Community Foundation Of Greater Huntsville

Huntsville, AL

PURPOSE: EDUCATION

$10,204
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: EDUCATION

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$31,646,353
Earnings$6,713,242
Net Contributions$4,221,598
Grants$1,348,352
Ending Balance$41,232,841

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