University Of Alabama Huntsville Foundation
- Assets
- $69.5m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 08/1964
- Data as of
- 09/2020
- EIN
- 63-6048099
Organization Overview
University Of Alabama Huntsville Foundation is located in Huntsville, AL. The organization was established in 1964. 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 Alabama Huntsville 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 09/2020, University Of Alabama Huntsville Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $2.6m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Alabama Huntsville Foundation has awarded 16 individual grants totaling $25,282,727. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO THE UNIVERSITY OF ALABAMA IN HUNTSVILLE THROUGH CONTRIBUTIONS TO SCHOOL PROGRAMS AND STUDENT SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE UNIVERSITY OF ALABAMA IN HUNTSVILLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mallie S Hale Executive Di | OfficerTrustee | 10 | $0 |
Dr Marcus J Bendickson Vice Chairma | OfficerTrustee | 0.25 | $0 |
S Dagnal Rowe ESQ Chairman | OfficerTrustee | 1 | $0 |
John R Wynn Treasurer | OfficerTrustee | 0.25 | $0 |
Linda J Smith Secretary | OfficerTrustee | 0.25 | $0 |
James T Bolte Term Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,099,703 |
| Investment income | $1,159,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,570 |
| Net Gain/Loss on Asset Sales | -$568,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,913,611 |
| 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 | $8,589 |
| Fees for services: Accounting | $54,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,885 |
| Fees for services: Other | $17,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,609,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,966,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,914,015 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $47,246,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,612,636 |
| Total assets | $69,479,782 |
| Accounts payable and accrued expenses | $194,401 |
| 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 | $228,471 |
| Other liabilities | $100,685 |
| Total liabilities | $523,557 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $68,956,225 |
Grants Awarded
Over the last fiscal year, University Of Alabama Huntsville Foundation has awarded $3,619,474 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF AL IN HUNTSVILLE PURPOSE: CONTRIBUTIONS | $2,629,376 |
THE UNIVERSITY OF AL IN HUNTSVILLE PURPOSE: SCHOLARSHIPS | $990,098 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that University Of Alabama Huntsville Foundation has recieved totaling $165,251.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: EDUCATION | $56,301 |
Hill Crest Foundation Inc Mountain Brook, AL PURPOSE: SUPPORT | $50,000 |
The Beard-Young Family Foundation Huntsville, AL PURPOSE: CHARITABLE DONATION | $10,000 |
National Space Club Huntsville Committee Inc Huntsville, AL PURPOSE: STEM SCHOLARSHIPS | $9,000 |
Watson-Brown Foundation Inc Thomson, GA PURPOSE: AWARDED SCHOLARSHIP GRANTS | $7,500 |
Benjamin & Roberta Russell Educational & Charitable Fdn Inc Alexander City, AL PURPOSE: SCHOLARSHIPS | $6,000 |
Endowment Analysis
| Beg. Balance | $45,085,395 |
| Earnings | $13,852,290 |
| Net Contributions | $1,334,260 |
| Other Expense | -$2,257,799 |
| Ending Balance | $58,014,146 |
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 |