South Alabama Medical Science Foundation

Organization Overview

South Alabama Medical Science Foundation is located in Mobile, AL. The organization was established in 1982. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Alabama Medical Science 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 09/2020, South Alabama Medical Science Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE EDUCATION AND RESEARCH WITHIN THE UNIVERSITY OF SOUTH ALABAMA HEALTH SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCIENTIFIC TESTING/ RESEARCH PROJECTS CONDUCTED TO SUPPORT AND FURTHER PROMOTE RESEARCH WITHIN THE USA HEALTH SYSTEM.


EDUCATIONAL ACTIVITIES HELD IN SUPPORT OF THE UNIVERSITY OF SOUTH ALABAMA HEALTH SYSTEM'S EDUCATION MISSION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$732,316
Investment income $159,501
Tax Exempt Bond Proceeds $0
Royalties $4,399
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,344,724

Grants Recieved

Over the last fiscal year, we have identified 1 grants that South Alabama Medical Science Foundation has recieved totaling $30,000.

Awarding OrganizationAmount
Daniel Foundation Of Alabama

Birmingham, AL

PURPOSE: CHARITABLE

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$299,715
Earnings-$70,873
Ending Balance$228,842

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