University of South Alabama Foundation
Donations deductibleRevenue
$23.1m
year to 30 June 2025
Expenses
$22.4m
year to 30 June 2025
Total assets
$472.9m
$1.1m liabilities
Net assets
$471.8m
assets less liabilities
Directors and trustees
22
5.4y av
Staff
10
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
4
named in Part VII
University of South Alabama Foundation's network
22 people8 organisationsi22 people and 8 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (22). Violet dotted lines (8) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
22 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 20 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Alexis Atkins | Board Member | 2023 | 3 yrs |
| Anjanetta Davis | Board Member | 2024 | 2 yrs |
| Arlene Mitchell | Board Member (Ended 06/06/2025) | 2019 | 7 yrs |
| D Lynn Dyess | Board Member | 2021 | 5 yrs |
| Damian J Collins | Board Member | 2019 | 7 yrs |
| Don Word | Board Member | 2023 | 3 yrs |
| Elizabeth Vandewaa | Board Member | 2019 | 7 yrs |
| Gregory Luce | Vice President/Board Member | 2019 | 7 yrs |
| Isabel Z Brown | Board Member | 2023 | 3 yrs |
| James H Crosby | Board Member | 2023 | 3 yrs |
| John McMillan | President/Board Member | 2019 | 7 yrs |
| John T Whiddon | Board Member | 2019 | 7 yrs |
| Josiah R Bonner JR | Board Member | 2023 | 3 yrs |
| Lenus M Perkins | Board Member (Begin 06/06/2025) | 2025 | 1 yr |
| Lowell J Bonds | Secretary/Board Member | 2019 | 7 yrs |
| Maxey J Roberts | Managing Director/Board Member | 2019 | 7 yrs |
| Nolan C Leake | Board Member | 2019 | 7 yrs |
| Normond B McAllister JR | Board Member | 2023 | 3 yrs |
| Otha Lee Biggs | Board Member (Deceased 3/16/2025) | 2019 | 7 yrs |
| Robert P Hall | Treasurer/Board Member | 2019 | 7 yrs |
| Robin McNair | Board Member | 2024 | 2 yrs |
| W Allen Carroll JR | Board Member | 2019 | 7 yrs |
Officers and senior leadership
4 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Brad B Roberts | Chief Financial Officer | since 2019 |
| H Wade Faulkner | Investment Manager (Beg. 3/1/19) | since 2019 |
| Philip Johnson | Chief Forester | since 2019 |
| Robert M Hope | Investment Manager (Thru 9/14/18) | 2019 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Maxey J Roberts | Managing Director/Board Member | 40 | $394k | $2k | |
| Brad B Roberts | Chief Financial Officer | 40 | $289k | $6k | |
| H Wade Faulkner | Investment Manager | 40 | $209k | $26k | |
| Gregory Luce | Vice President/Board Member | 1 | $0 | ||
| John McMillan | President/Board Member | 1 | $0 | ||
| Lowell J Bonds | Secretary/Board Member | 1 | $0 | ||
| Robert P Hall | Treasurer/Board Member | 1 | $0 | ||
| Alexis Atkins | Board Member | 1 | $0 | ||
| Anjanetta Davis | Board Member | 1 | $0 | ||
| Arlene Mitchell | Board Member (Ended 06/06/2025) | 1 | $0 | ||
| D Lynn Dyess | Board Member | 1 | $0 | ||
| Damian J Collins | Board Member | 1 | $0 | ||
| Don Word | Board Member | 1 | $0 | ||
| Elizabeth Vandewaa | Board Member | 1 | $0 | ||
| Isabel Z Brown | Board Member | 1 | $0 | ||
| James H Crosby | Board Member | 1 | $0 | ||
| John T Whiddon | Board Member | 1 | $0 | ||
| Josiah R Bonner Jr | Board Member | 1 | $0 | ||
| Lenus M Perkins | Board Member (Begin 06/06/2025) | 1 | $0 | ||
| Nolan C Leake | Board Member | 1 | $0 | ||
| Normond B McAllister Jr | Board Member | 1 | $0 | ||
| Otha Lee Biggs | Board Member (Deceased 3/16/2025) | 1 | $0 | ||
| Robin McNair | Board Member | 1 | $0 | ||
| W Allen Carroll Jr | Board Member | 1 | $0 |
About
- Legal name
- University of South Alabama Foundation
- EIN
- 636065809
- Address
- Po Box 3148, Mobile, AL, 36652-3148
- State
- Alabama
- Mission
- The university of south alabama foundation was established to support the functions and activities of the university of south alabama. Contributions are made directly to the university for and in support of student scholarships, faculty positions and programs, and other (as filed on the Form 990)
- Activity (NTEE)
- B110 Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 9 (IRS master file code)
- Formed
- 1968
- Principal officer
- Maxey J Roberts (as named on the Form 990)
- IRS ruling date
- 1 March 1968
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsArlene Mitchell
≥7years on the filingsDamian J Collins
≥7years on the filingsElizabeth Vandewaa
≥7years on the filingsGregory Luce
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $472.9m
- Total liabilities
- $1.1m
- Net assets or fund balances
- $471.8m
- Contributions and grants received
- $113k
- Program service revenue
- $0
- Grants and similar paid out
- $18.3m
- Employees
- 10
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2023 | $11.3m | $20.4m | Deficit $9m |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| University of South Alabama | Scholarships, faculty positions, and other support | $18.3m |