Nonprofit · EIN 23-7337238
CAPSTONE FOUNDATION
Tax-exempt · TUSCALOOSA, AL 35487
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $6,192,005 | $5,901,451 | $290,554 | $38,169,044 | $14,592,701 | $23,576,343 |
| September 30, 2024 | 990 | $6,599,512 | $5,680,727 | $918,785 | $36,605,887 | $14,636,436 | $21,969,451 |
| September 30, 2023 | 990 | $4,994,291 | $5,211,262 | -$216,971 | $31,093,153 | $13,437,323 | $17,655,830 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $4,147,581
- Program service revenue
- $0
- Investment income
- $1,384,920
- Net gain from sales of assets
- $734,248
- Other revenue
- $659,504
Expenses
- Grants and similar amounts paid
- $2,196,856
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $66,797
- Occupancy
- $25,426
- Travel
- $259,699
- Depreciation
- $10,199
- Program services (functional)
- $5,767,966
- Management and general (functional)
- $133,485
Balance sheet and other
- Total assets, start of year
- $36,605,887
- Total assets, end of year
- $38,169,044
- Total liabilities, end of year
- $14,592,701
- Net assets, end of year
- $23,576,343
- Land, buildings and equipment
- $1,797,528
- Publicly traded securities
- $35,524,885
- Net assets without donor restrictions
- $3,157,943
- Net assets with donor restrictions
- $20,418,400
- Gross unrelated business income
- $28,851
- Gross receipts
- $6,192,005
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1973
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STUART BELL | FORMER CHAIRMAN Former | 0 | $0 | $906,298 | $248,845 |
| DANA KEITH | DIRECTOR Trustee or director | 0.5 | $0 | $550,832 | $73,430 |
| ROBERT D PIERCE II | DIRECTOR Trustee or director | 0.5 | $0 | $422,787 | $80,436 |
| JIMMY WARREN | DIRECTOR Trustee or director | 0.5 | $0 | $226,051 | $45,014 |
| DANIEL T LAYZELL | DIRECTOR Trustee or director | 0.5 | $0 | $167,978 | $27,668 |
| ANDRE TAYLOR SR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BAKER CROW | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN BROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN CAMPBELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| PETER J MOHLER | CHAIRMAN (START 7/25) Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STUART R BELL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $887,063 | $240,719 |
| DANA KEITH | DIRECTOR Trustee or director | 0.5 | $0 | $531,255 | $68,766 |
| MATTHEW FAJACK | DIRECTOR (UNTIL 01/2024) Trustee or director | 0.5 | $0 | $466,884 | $69,708 |
| ROBERT D PIERCE II | DIRECTOR Trustee or director | 0.5 | $0 | $406,116 | $74,973 |
| CHERYL MOWDY | INTERIM DIRECTOR (1/24-9/24) Trustee or director | 0.5 | $0 | $215,866 | $47,642 |
| ANDRE TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 | $21,121 | $3,039 |
| BAKER CROW | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN CAMPBELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN BROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JIMMY WARREN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN LAYZELL | DIRECTOR (BEG 09/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STUART R BELL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $855,595 | $224,458 |
| DANA KEITH | DIRECTOR Trustee or director | 0.5 | $0 | $493,219 | $67,772 |
| MATTHEW FAJACK | DIRECTOR Trustee or director | 0.5 | $0 | $448,537 | $68,591 |
| ROBERT D PIERCE II | DIRECTOR Trustee or director | 0.5 | $0 | $385,337 | $71,559 |
| CALVIN BROWN | DIRECTOR (THROUGH 9/18/2023) Trustee or director | 0.5 | $0 | $251,927 | $37,952 |
| ANDRE TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BAKER CROW | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN CAMPBELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN BROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- BOX 870136, TUSCALOOSA, AL 35487-0001
- In care of
- % DANIEL T LAYZELL
- Principal officer (990 for 2024)
- DANIEL T LAYZELL, BOX 870142, TUSCALOOSA, AL 35487
- Signed the 990
- DANIEL T LAYZELL, EVP, COO & TREASURER
- Phone
- (205) 348-4530
- Return prepared by
- PWC US TAX LLP
Mission
TO PROVIDE SUPPORT TO AND ASSIST THE UNIVERSITY OF ALABAMA IN FULFILLING ITS MISSION OF TEACHING, RESEARCH AND SERVICE.
Program accomplishments
- GIFTS TO THE UNIVERSITY OF ALABAMA FOR PURPOSES OF ACADEMIC AND STUDENT SERVICES SUPPORT.Expenses $1,642,479 · grants $1,642,479
- SUPPORT CONFERENCES, MEETINGS, AND BUSINESS ENTERTAINMENT AND OTHER PROFESSIONAL ENDEAVOURS FOR THE UNIVERSITY OF ALABAMA, TO ASSIST IN ITS RECRUITING AND DEVELOPMENT EFFORTS.Expenses $3,569,110 · revenue $630,653
- SCHOLARSHIPS GRANTED TO STUDENTS AT THE UNIVERSITY OF ALABAMA TO SUPPORT THEIR EDUCATIONAL ENDEAVORS.Expenses $443,084 · grants $443,084
- GIFTS TO UNIVERSITY FOUNDATIONExpenses $97,543 · grants $97,543
- AGENCY GRANTSExpenses $13,750 · grants $13,750
- UBI TAX PAYMENTSExpenses $2,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 23-7337238
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $38,169,044
- Income (IRS master file)
- $6,192,005
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $6,192,005 | $5,901,451 | $38,169,044 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $6,599,512 | $5,680,727 | $36,605,887 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $4,994,291 | $5,211,262 | $31,093,153 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $5,642,686 | $5,574,713 | $29,373,366 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7337238).
Questions about CAPSTONE FOUNDATION
- What is the EIN of CAPSTONE FOUNDATION?
- The employer identification number (EIN) of CAPSTONE FOUNDATION is 23-7337238.
- Is CAPSTONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to CAPSTONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPSTONE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAPSTONE FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPSTONE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CAPSTONE FOUNDATION?
- The 990 for the year ended September 30, 2025 names DANIEL T LAYZELL.
- Who are the officers and directors of CAPSTONE FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does CAPSTONE FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $6,192,005, expenses of $5,901,451 and total assets of $38,169,044 at year end.
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