University of South Alabama Foundation

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “The university of south alabama foundation was established to support the functions and activities of the university of south alabama. contributions are made directly to the university for and in support of student scholarships, faculty positions and programs, and other related activities of the university. examples include providing $21,477,861 in total support to the mitchell cancer institute, a major university undertaking and program support to the medical simulation program, funding 22 new graduate assistantships critical in the support of new graduate programs launched by the university, as well as providing stipend support to the graduate assistant program, totaling $5,122,248 to date.other program support includes $750,000 annually to support scholarships for students in the honors program, that has totalled $14,500,000 over the period since inception, as well as providing financial support to 36 faculty positions, support of 151 designated scholarships, a total commitment of $”.

When detailing its duties, they were outlined as: “To support the educational programs of the university of south alabama.”.

• The non-profit's legally reported state of operation is AL.
• The filing states that the non-profit's address in the year 2020 is PO BOX 3148, MOBILE, AL, 366523148.
• The non-profit's form for the year 2020 reports a total of 13 employees on their payroll.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is -$1,388,032.
• The organization has 20 independent voting members.
• The organization was formed in 1968.
• The organization pays $1,316,181 in salary, compensation, and benefits to its employees.
• The organization pays $23,860 in fundraising expenses.