University Of Alabama Huntsville Foundation
- Assets
- $88.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 08/1964
- Data as of
- 09/2021
- 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 09/2021, University Of Alabama Huntsville Foundation generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $4.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Alabama Huntsville Foundation has awarded 20 individual grants totaling $52,512,339. 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
2021
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 |
|---|---|---|---|
Finis E St John IV Chancellor | Trustee | 0.1 | $0 |
Charles L Karr Ex Officio, | Trustee | 0.1 | $0 |
Todd M Barre Ex-Officio | Trustee | 0.25 | $0 |
Mallie S Hale Executive Di | OfficerTrustee | 10 | $0 |
Dr Marcus J Bendickson Vice Chairma | 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 | $3,147,147 |
| Investment income | $1,981,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,868 |
| Net Gain/Loss on Asset Sales | $3,018,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,852,491 |
| 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 | $6,596 |
| Fees for services: Accounting | $55,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,302 |
| Fees for services: Other | $33,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $255 |
| 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 | $4,132,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,711,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,818,042 |
| 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 | $60,216,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,740,284 |
| Total assets | $88,225,627 |
| Accounts payable and accrued expenses | $275,028 |
| 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 | $4,192 |
| Other liabilities | $110,449 |
| Total liabilities | $389,669 |
| 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 | $87,835,958 |
Grants Awarded
Over the last fiscal year, University Of Alabama Huntsville Foundation has awarded $23,193,989 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF AL IN HUNTSVILLE PURPOSE: CONTRIBUTIONS | $21,954,454 |
THE UNIVERSITY OF AL IN HUNTSVILLE PURPOSE: SCHOLARSHIPS | $1,239,535 |