Overview
What is University Of South Alabama Foundation?
The University of South Alabama Foundation is a nonprofit organization situated in Mobile, Alabama, dedicated to bolstering the educational programs at the University of South Alabama. Established with the purpose of supporting the university's functions and activities, this foundation receives contributions to fund various initiatives. These include scholarships for students, faculty positions, and various programs within the university. The foundation directly contributes to the university, providing essential support to enhance its overall operations and success.
Official website here: www.usafoundation.org
What are the reviews and ratings of this charity?
The University Of South Alabama Foundation has received an impressive score of 96% from Charity Navigator, securing a Four-Star out of Four Star rating. This score reflects a strong performance in Accountability & Finance, which is the sole factor evaluated in this case. Such a high rating suggests a reliable level of financial integrity and responsible governance, inspiring confidence among potential donors and stakeholders.
The organization excels in accountability metrics, featuring a completely independent board and maintaining thorough audit and oversight practices. The Foundation's Program Expense Ratio stands at 97%, highlighting its commitment to directing funds toward its mission. Additionally, policies on conflicts of interest, whistleblowing, and document management further underline its commitment to transparency.
Despite this strong performance, one identified limitation is the absence of the nonprofit’s tax form on its website, as required by Form 990. This oversight, albeit minor in the broader context of the Foundation's excellent financial metrics, presents an opportunity for improvement. The charity has not been evaluated on its impact, culture, or community engagement via Charity Navigator, leaving room for further assessment in these areas.
This AI summary has been generated from information found on Charity Navigator.
Is University Of South Alabama Foundation legitimate?
University Of South Alabama Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of South Alabama Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $770,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,305
For more financial information, click here
Official website here: www.usafoundation.org
What is the mission statement of University Of South Alabama Foundation?
The University of South Alabama Foundation's primary mission is to assist in the advancement of the educational programs at the University of South Alabama. Established with the purpose of supporting the university's functions and activities, the foundation collects contributions that are directly channeled towards student scholarships, faculty positions, and various programs. The foundation's efforts contribute significantly to the university's academic endeavors, thereby enhancing its capacity to provide quality education.
Official website here: www.usafoundation.org
Who is the CEO of University Of South Alabama Foundation?
Maxey J Roberts is the Managing Director/Board Member of University Of South Alabama Foundation.
Official website here: www.usafoundation.org
What is the revenue of University Of South Alabama Foundation?
University Of South Alabama Foundation's revenue in 2023 was $11,851,648.
Official website here: www.usafoundation.org
Who are the executives of University Of South Alabama Foundation and what are their salaries?
The average compensation at University Of South Alabama Foundation during 2023 was $113,447. There are 11 employees at University Of South Alabama Foundation.
Here are 27 key members and their salaries:
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- Compensation: $251,364
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- Compensation: $178,633
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- Other: $24,895
- Compensation: $145,533
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- Other: $17,850
Official website here: www.usafoundation.org
Where can I find the form 990 for University Of South Alabama Foundation?
University Of South Alabama Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.usafoundation.org
Learn more at the official website: www.usafoundation.org
Mission Statement of University Of South Alabama Foundation
The University of South Alabama Foundation, established with the purpose of aiding the University of South Alabama, carries out its mission by providing support to the educational programs of the institution. This nonprofit organization contributes directly to the university, funding initiatives that range from student scholarships to faculty positions and programs. By doing so, it plays a crucial role in bolstering the academic pursuits and overall growth of the University of South Alabama. The ultimate goal of the University of South Alabama Foundation is to strengthen the educational environment and opportunities for students and faculty, thereby contributing to the university's success and development.
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Impact
July, 2024
The University of South Alabama Foundation plays a crucial role in supporting the educational programs of the University of South Alabama. By providing direct contributions for student scholarships, faculty positions, and various programs, the foundation enhances the quality of education offered at the university. Through its mission to support the functions and activities of the university, the foundation contributes significantly to the advancement of education in Mobile, AL, and beyond.
This information is meant to be a general summary of University Of South Alabama Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10,869,553
- Gross Receipts: $18,747,078
Assets and Liabilities:
- Total Assets: $419,243,148
- Total Liabilities: $965,071
- Net Assets: $418,278,077
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Organization Details
Founding Year
1968
Phone
(251) 432-2116Principal Officer
Maxey J Roberts
Main Address
PO BOX 3148, MOBILE, AL, 366523148
Website
www.usafoundation.orgNTEE Category
Code: B110 - Education
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