Uab Educational Foundation
- Assets
- $50.4m
- Revenue
- $2.3m
- Investments
- $10.9m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/1978
- Data as of
- 09/2021
- EIN
- 63-6155094
Organization Overview
Uab Educational Foundation is located in Birmingham, AL. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uab Educational 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 09/2021, Uab Educational Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $2.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Uab Educational Foundation has awarded 121 individual grants totaling $7,620,501. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE UNIVERSITY OF ALABAMA AT BIRMINGHAM IN ITS SCIENTIFIC AND EDUCATIONAL MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SUPPORT OF UAB
FACILITIES TO OR FOR THE BENEFIT OF UAB
UAB HOSPITAL PARKING DECK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray L Watts MD President | OfficerTrustee | 0.25 | $0 |
Brian Burnett Vice President | OfficerTrustee | 0.25 | $0 |
Stephanie Mullins Associate Vice President | Officer | 2 | $0 |
John Daniel Secretary | Officer | 1 | $0 |
Terri Alexander Sharp Associate Secretary | Officer | 2 | $0 |
Jodie Mote Treasurer | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $693,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,419 |
| Total Program Service Revenue | $1,103,089 |
| Investment income | $410,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,299,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $333,971 |
| Grants and other assistance to domestic individuals. | $356 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,058 |
| Compensation of current officers, directors, key employees. | $59,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,404 |
| Pension plan accruals and contributions | $165 |
| Other employee benefits | $405 |
| Payroll taxes | $3,158 |
| Fees for services: Management | $3,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,246 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,376 |
| Information technology | $535 |
| Royalties | $0 |
| Occupancy | $272,186 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,013 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,635,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,076,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $604,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,779,752 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,360,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,850,843 |
| Investments—program-related | $1,287,017 |
| Intangible assets | $0 |
| Other assets | $402,794 |
| Total assets | $50,362,582 |
| Accounts payable and accrued expenses | $704,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,928,600 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $322,875 |
| Total liabilities | $11,956,358 |
| Net assets without donor restrictions | $34,558,277 |
| Net assets with donor restrictions | $3,847,947 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,362,582 |
Grants Awarded
Over the last fiscal year, Uab Educational Foundation has awarded $290,528 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UAB PURPOSE: MISCELLANEOUS SUPPORT TO THE UNIVERSITY | $278,028 |
Nashville, TN PURPOSE: OCCC SPONSORSHIP | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Uab Educational Foundation has recieved totaling $161,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT + SPECIAL PROGRAMS | $116,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $15,000 |
Navigate Affordable Housing Partners Inc Birmingham, AL PURPOSE: 5th and center mural project | $10,000 |
Endowment Analysis
| Beg. Balance | $615,111 |
| Earnings | $46,736 |
| Grants | $18,913 |
| Ending Balance | $642,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |
Jessie Ball Dupont Religious Charitable & Educational Fund Jacksonville, FL | $0 | $23,306,581 |
Avant Garde Academy Foundation Inc Hollywood, FL | $46,079,616 | $17,259,977 |
Florida State University Research Foundation Inc Tallahassee, FL | $238,210,385 | $28,107,542 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |