Nonprofit · EIN 84-3066063
BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION
Tax-exempt · BIRMINGHAM, AL 35202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $305,813 | $34,515 | $271,298 | $3,725,477 | $0 | $3,725,477 |
| May 31, 2024 | 990 | $2,289,552 | $175 | $2,289,377 | $4,454,179 | $0 | $4,454,179 |
| May 31, 2023 | 990 | $1,386,849 | $0 | $1,386,849 | $5,913,860 | $0 | $5,913,860 |
| May 31, 2022 | 990 | $2,164,427 | $330,142 | $1,834,285 | $4,722,861 | $195,850 | $4,527,011 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $17,500
- Program service revenue
- $0
- Investment income
- $288,313
- Net gain from sales of assets
- $185,845
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $34,515
- Management and general (functional)
- $34,515
Balance sheet and other
- Total assets, start of year
- $4,454,179
- Total assets, end of year
- $3,725,477
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,725,477
- Net assets without donor restrictions
- -$35,439
- Net assets with donor restrictions
- $3,760,916
- Gross receipts
- $4,514,309
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2019
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL B COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| DONALD E HESS | DIRECTOR Trustee or director | 1 | $0 |
| HILLERY HEAD | DIRECTOR Trustee or director | 1 | $0 |
| JOHN P WATTS | DIRECTOR Trustee or director | 1 | $0 |
| KEITH D THOMPSON | VICE CHAIR Trustee or director | 1 | $0 |
| MICHAEL STRAUS | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM A TERRY | CHAIR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM A TERRY | CHAIR Trustee or director | 1 | $0 |
| KEITH D THOMPSON | VICE CHAIR Trustee or director | 1 | $0 |
| DANIEL B COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| HILLERY HEAD | DIRECTOR Trustee or director | 1 | $0 |
| DONALD E HESS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL STRAUS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN P WATTS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL TERRY | CHAIR Trustee or director | 1 | $0 |
| KEITH THOMPSON | VICE CHAIR Trustee or director | 1 | $0 |
| DANIEL COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| HILLERY HEAD | DIRECTOR Trustee or director | 1 | $0 |
| DONALD HESS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL STRAUS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WATTS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL TERRY | CHAIR Trustee or director | 1 | $0 |
| KEITH THOMPSON | VICE CHAIR Trustee or director | 1 | $0 |
| DANIEL COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| HILLERY HEAD | DIRECTOR Trustee or director | 1 | $0 |
| DONALD HESS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL STRAUS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WATTS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2565, BIRMINGHAM, AL 35202-2565
- In care of
- % ROBERT L LOFTIN III
- Principal officer (990 for 2024)
- WILLIAM A TERRY, 3846 FOREST GLEN DRIVE, BIRMINGHAM, AL 35213
- Signed the 990
- DANIEL B COLEMAN, TRUSTEE
- Phone
- (877) 829-5500
- Return prepared by
- BDO USA
Mission
THE FOUNDATION'S PURPOSE IS PHILANTHROPIC IN NATURE. AT THE TIME OF ITS FORMATION, ITS SCOPE WAS LIMITED TO THE SUPPORT OF THE BIRMINGHAM-SOUTHERN COLLEGE THROUGH THE ALLOCATION OF FUNDS COMPRISED OF DONOR CONTRIBUTIONS AND INCOME PRODUCED THROUGH PRUDENT INVESTMENTS OF ENDOWMENT. AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE ISSUANCE OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES.
Program accomplishments
- THE FOUNDATION'S PURPOSE IS PHILANTHROPIC IN NATURE. AT THE TIME OF ITS FORMATION, ITS SCOPE WAS LIMITED TO THE SUPPORT OF THE BIRMINGHAM-SOUTHERN COLLEGE THROUGH THE ALLOCATION OF FUNDS COMPRISED OF DONOR CONTRIBUTIONS AND INCOME PRODUCED THROUGH PRUDENT INVESTMENTS OF ENDOWMENT. AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE ISSUANCE OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES.0
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3066063
- 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
- 2020
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $3,725,477
- Income (IRS master file)
- $4,514,309
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $305,813 | $34,515 | $3,725,477 | XML |
| 990 | May 2024 | $2,289,552 | $175 | $4,454,179 | XML |
| 990 | May 2023 | $1,386,849 | $0 | $5,913,860 | XML |
| 990 | May 2022 | $2,164,427 | $330,142 | $4,722,861 | XML |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 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 84-3066063).
Questions about BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION
- What is the EIN of BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION?
- The employer identification number (EIN) of BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION is 84-3066063.
- Is BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIRMINGHAM-SOUTHERN COLLEGE 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 BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION?
- The 990 for the year ended May 31, 2025 names WILLIAM A TERRY.
- Who are the officers and directors of BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does BIRMINGHAM-SOUTHERN COLLEGE FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $305,813, expenses of $34,515 and total assets of $3,725,477 at year end.
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