ALCORN STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

ALCORN STATE UNIVERSITY FOUNDATION INC

EIN 64-0538018 · Education (B43I)

What they do

THE FOUNDATION is A NON-PROFIT ORGANZATION THAT AIDS THE UNIVERSITY IN PROMOTING and CULTURAL WELFARE, DEVELOPING and EXPANDING FACILITIES, and FACILITATING STUDIES, RESEARCH, and OTHER ACADEMIC PERSUITS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

65.71%of revenue went to mission work82.1% of expenses · Program services

5.17%of revenue went to fundraising6.5% of expenses

$80.05spent for every $100 of revenueRevenue covered expenses this year.

9.17%of revenue went to management and office costs11.5% of expenses

$14.39in assets for every $1 spent this yearSome assets cannot be spent right away.

63.6%of its money came from giftsOther money may come from services or investments.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,218,970

Mission workProgram services$3,429,33065.71% of revenue82.1% of expenses

ManagementOffice and general costs$478,7849.17% of revenue11.5% of expenses

FundraisingAsking for donations$269,7445.17% of revenue6.5% of expenses

Revenue left after expensesReported annual surplus$1,041,11219.95% of revenueShown in gray on the chart

Total expenses$4,177,85880.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 82.1% mission · 11.5% management · 6.5% fundraisingTotal expenses: 80.05% of revenue

2023Expense mix: 71.3% mission · 17.1% management · 11.6% fundraisingTotal expenses: 47.62% of revenue

2022Expense mix: 92.1% mission · 7.9% management · 0.1% fundraisingTotal expenses: 33.85% of revenue

2020Expense mix: 57.2% mission · 42.8% management · 0.0% fundraisingTotal expenses: 6.71% of revenue

2019Expense mix: 63.3% mission · 36.7% management · 0.0% fundraisingTotal expenses: 50.42% of revenue

2018Expense mix: 69.9% mission · 30.1% management · 0.0% fundraisingTotal expenses: 311.50% of revenue

2017Expense mix: 67.1% mission · 32.9% management · 0.0% fundraisingTotal expenses: 41.88% of revenue

2016Expense mix: 64.7% mission · 35.3% management · 0.0% fundraisingTotal expenses: 69.96% of revenue

Money in and money out

Revenue$5,218,970

Expenses$4,177,858

Annual surplus $1,041,112 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,429,330 · 82.1% of expenses

Management and office costs$478,784 · 11.5% of expenses

Fundraising$269,744 · 6.5% of expenses

See all reported dollar amounts

Revenue$5,218,970

Expenses$4,177,858

Assets$60,099,539

Income$6,852,138

Contributions$3,316,772

Mission work (program services)$3,429,330

Fundraising$269,744

Grants given$5,464,575

Average grant$1,366,144

Management and general$478,784

Stocks and bonds$50,492,973

Accounting fees$77,669

Investing fees$135,166

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (16)

CARLA KIRKLANDVICE CHAIRPERSON

DENSEL FLEMINGDIRECTOR

DR ANTHONY NEWMANDIRECTOR

DR CHARLIE BRIDGESDIRECTOR

DR DENNIS THOMASCHAIRPERSON

DR JESSE E MCGEEDIRECTOR

DR MARCUS WARDEX OFFICIO MEMBER & SECRETARY

DR ORPHEUS TRIPLETTDIRECTOR

DR SHELBY WILKES DESEASED 122824TREASURER

DR TRACY COOKEX OFFICIO MEMBER

DR ZAKIYA NICKSDIRECTOR

LAUREN B MIDDLETONDIRECTOR

MIKE MCCORMICKDIRECTOR

NATHANIEL HUGHESDIRECTOR

ROBERT D GAGE IVDIRECTOR

WILBERT JONESDIRECTOR

About this charity

Recognized since: January 1975
Location: 1000 ASU DRIVE 810, LORMAN, MS 39096-7500
County: Jefferson
In care of: DR DENNIS THOMAS
Primary officer: DR DENNIS THOMAS, CHAIRPERSON

How to reach them

Phone(601) 877-6693

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SILAS SIMMONS LLP
NTEE classification: Education (B43I)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes