Alcorn State University Foundation Incorporated

Organization Overview

Alcorn State University Foundation Incorporated is located in Lorman, MS. The organization was established in 1975. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Alcorn State University Foundation Incorporated 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 12/2020, Alcorn State University Foundation Incorporated generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 0.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE ATTACHED STATEMENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ATHLETIC SUPPORT - TO PROVIDE GENERAL AND SPECIFIC FUNDING TO THE ATHLETIC DEPARTMENT OF ALCORN STATE UNIVERSITY.


SCHOLARSHIP SUPPORT - TO PROVIDE GENERAL AND SPECIFIC SCHOLARSHIP DOLLARS TO STUDENTS OF ALCORN STATE UNIVERSITY.


INSTITUTIONAL SUPPORT - TO PROVIDE GENERAL AND SPECIFIC FUNDING TO ALCORN STATE UNIVERSITY TO ASSIT WITH GENERAL OPERATIONAL EXPENSES.


ACADEMIC SUPPORT - TO PROVIDE GENERAL AND SPECIFIC FUNDING TO ALCORN STATE UNIVERSITY TO ASSIST WITH EXPENSES OF ACTIVITES AND SERVICES THAT SUPPORT THE SCHOOL'S PRIMARY MISSION OF EDUCATION AND INSTRUCTION.


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Board, Officers & Key Employees

Name (title)Compensation
Robert D Gage IV
Chairman
$0
Dr Shelby Wilkes
Secretary
$0
James Biglane
Vice Chairman
$0
Dr Charlie Bridges
Director
$0
Dr Anthony Newman
Director
$0
Nathaniel Hughes
Director
$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$26,953,373
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,953,373
Total Program Service Revenue$0
Investment income $460,859
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $338,292
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,759,787

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Alcorn State University Foundation Incorporated has recieved totaling $412,550.

Awarding OrganizationAmount
Direct Relief

Santa Barbara, CA

PURPOSE: FUND FOR HEALTH EQUITY

$250,000
Direct Relief

Santa Barbara, CA

PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS

$46,983
Womens Foundation Of Mississippi

Jackson, MS

PURPOSE: COMMUNITY COLLEGE/UNIVERSITY HEALTHCARE WORKFORCE

$40,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$21,212
Morgan Stanley Foundation

New York, NY

PURPOSE: DIVERSITY SCHOLARSHIPS

$15,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$13,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,626,422
Earnings$2,163,421
Net Contributions$25,000,000
Grants$550,000
Ending Balance$47,239,843

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