Southern University System Foundation

Organization Overview

Southern University System Foundation is located in Baton Rouge, LA. The organization was established in 1970. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Southern University System Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern University System Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Southern University System Foundation generated $13.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM.


THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM


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Board, Officers & Key Employees

Name (title)Compensation
Alfred E Harrell
Ceo/ Secreta
$229,520
Fred Banks
Chairman
$0
Ms Allison J Young
Vice Chairwo
$0
Judge Luke Lavergne
Treasurer
$0
Attorney Preston Castille
Legal Counse
$0
Dr Ray Belton
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$748,222
Fundraising events$0
Related organizations$0
Government grants $10,272,605
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,020,827
Total Program Service Revenue$1,235,217
Investment income $710,731
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $242,567
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,209,342

Grants Recieved

Over the last fiscal year, we have identified 24 grants that Southern University System Foundation has recieved totaling $1,343,011.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$250,000
Baker Hughes Foundation

Houston, TX

PURPOSE: GENERAL SUPPORT

$185,000
Baker Hughes Foundation

Houston, TX

PURPOSE: GENERAL SUPPORT

$185,000
Community Foundation Of Southwest Louisiana

Lake Charles, LA

PURPOSE: THE PURPOSE OF THIS GRANT FOR THE SASOL ENDOWMENT FUND.

$166,666
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$100,000
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR BUILDING KNOWLEDGE CREATION AND DISSEMINATION CAPACITY

$83,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,534,178
Earnings$1,993,964
Net Contributions$636,666
Other Expense$813,691
Ending Balance$19,351,117

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