Nonprofit · EIN 63-6065809
UNIVERSITY OF SOUTH ALABAMA FOUNDATION
Tax-exempt · MOBILE, AL 36652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $23,113,644 | $22,351,532 | $762,112 | $472,889,584 | $1,058,975 | $471,830,609 |
| June 30, 2024 | 990 | $11,339,312 | $20,371,702 | -$9,032,390 | $458,334,456 | $1,071,943 | $457,262,513 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $113,191
- Program service revenue
- $0
- Investment income
- $22,178,149
- Royalties
- $88,569
- Net rental income
- $683,265
- Net gain from sales of assets
- $18,834,312
- Other revenue
- $822,304
Expenses
- Grants and similar amounts paid
- $18,317,158
- Compensation of officers, directors and key employees
- $931,119
- Other salaries and wages
- $409,699
- Salaries, compensation and benefits (total)
- $1,710,028
- Professional fundraising fees
- $0
- Legal fees
- $188,963
- Accounting fees
- $192,623
- Occupancy
- $39,869
- Travel
- $846
- Depreciation
- $46,484
- Program services (functional)
- $21,556,237
- Management and general (functional)
- $763,306
- Fundraising (functional)
- $31,989
Balance sheet and other
- Total assets, start of year
- $458,334,456
- Total assets, end of year
- $472,889,584
- Total liabilities, end of year
- $1,058,975
- Net assets, end of year
- $471,830,609
- Land, buildings and equipment
- $182,603,195
- Publicly traded securities
- $276,295,443
- Net assets without donor restrictions
- $63,364,234
- Net assets with donor restrictions
- $408,466,375
- Gross unrelated business income
- $50,470
- Gross receipts
- $32,152,829
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1968
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAXEY J ROBERTS | MANAGING DIRECTOR/BOARD MEMBER Trustee or director, Officer | 40 | $394,115 | $1,730 |
| BRAD B ROBERTS | CHIEF FINANCIAL OFFICER Officer | 40 | $288,630 | $6,318 |
| H WADE FAULKNER | INVESTMENT MANAGER Officer | 40 | $209,422 | $26,049 |
| GREGORY LUCE | VICE PRESIDENT/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MCMILLAN | PRESIDENT/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| LOWELL J BONDS | SECRETARY/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT P HALL | TREASURER/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| ALEXIS ATKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANJANETTA DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARLENE MITCHELL | BOARD MEMBER (ENDED 06/06/2025) Trustee or director | 1 | $0 | $0 |
| D LYNN DYESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAMIAN J COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DON WORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH VANDEWAA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ISABEL Z BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES H CROSBY | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN T WHIDDON | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSIAH R BONNER JR | BOARD MEMBER Trustee or director | 1 | $0 |
| LENUS M PERKINS | BOARD MEMBER (BEGIN 06/06/2025) Trustee or director | 1 | $0 |
| NOLAN C LEAKE | BOARD MEMBER Trustee or director | 1 | $0 |
| NORMOND B MCALLISTER JR | BOARD MEMBER Trustee or director | 1 | $0 |
| OTHA LEE BIGGS | BOARD MEMBER (DECEASED 3/16/2025) Trustee or director | 1 | $0 |
| ROBIN MCNAIR | BOARD MEMBER Trustee or director | 1 | $0 |
| W ALLEN CARROLL JR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAXEY J ROBERTS | MANAGING DIRECTOR/BOARD MEMBER Trustee or director, Officer | 40 | $362,520 | $1,730 |
| BRAD B ROBERTS | CHIEF FINANCIAL OFFICER Officer | 40 | $263,979 | $2,134 |
| H WADE FAULKNER | INVESTMENT MANAGER Officer | 40 | $187,847 | $25,202 |
| GREGORY LUCE | VICE PRESIDENT/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MCMILLAN | PRESIDENT/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| LOWELL J BONDS | SECRETARY/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT P HALL | TREASURER/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| ALEXIS ATKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANJANETTA DAVIS | BOARD MEMBER (BEG. 3/7/2024) Trustee or director | 1 | $0 | $0 |
| ARLENE MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| D LYNN DYESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAMIAN J COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DON WORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH VANDEWAA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ISABEL Z BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES H CROSBY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN T WHIDDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSIAH R BONNER JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARGARET D YOUNG | BOARD MEMBER (DECEASED 12/11/2023) Trustee or director | 1 | $0 | $0 |
| NOLAN C LEAKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NORMOND B MCALLISTER JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| OTHA LEE BIGGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN MCNAIR | BOARD MEMBER (BEG. 12/11/2023) Trustee or director | 1 | $0 | $0 |
| W ALLEN CARROLL JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3148, MOBILE, AL 36652-3148
- Principal officer (990 for 2024)
- MAXEY J ROBERTS, PO BOX 3148, MOBILE, AL 366523148
- Signed the 990
- MAXEY J ROBERTS, MANAGING DIRECTOR
- Phone
- (251) 432-2116
- Website
- USAFOUNDATION.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
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
Program accomplishments
- CONTRIBUTIONS TO THE UNIVERSITY OF SOUTH ALABAMA.Expenses $21,556,237 · grants $18,317,158
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 63-6065809
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $472,889,584
- Income (IRS master file)
- $32,152,829
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $23,113,644 | $22,351,532 | $472,889,584 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $11,339,312 | $20,371,702 | $458,334,456 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $11,851,648 | $16,919,092 | $419,243,148 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 63-6065809).
Questions about UNIVERSITY OF SOUTH ALABAMA FOUNDATION
- What is the EIN of UNIVERSITY OF SOUTH ALABAMA FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF SOUTH ALABAMA FOUNDATION is 63-6065809.
- Is UNIVERSITY OF SOUTH ALABAMA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to UNIVERSITY OF SOUTH ALABAMA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF SOUTH ALABAMA 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 UNIVERSITY OF SOUTH ALABAMA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF SOUTH ALABAMA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF SOUTH ALABAMA FOUNDATION?
- The 990 for the year ended June 30, 2025 names MAXEY J ROBERTS.
- Who are the officers and directors of UNIVERSITY OF SOUTH ALABAMA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 3 received compensation from the organization, the highest $394,115 (MAXEY J ROBERTS, MANAGING DIRECTOR/BOARD MEMBER).
- How much revenue does UNIVERSITY OF SOUTH ALABAMA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $23,113,644, expenses of $22,351,532 and total assets of $472,889,584 at year end.
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