2025-11-17T14:42:26-06:00 2024-12-31 640319291 SILAS SIMMONS LLP PO BOX 1027 NATCHEZ MS 391211027 990 2024-01-01 640538018 ALCORN STATE UNIVERSITY FOUNDATION INC ALCO 6018776693 1000 ASU DRIVE 810 LORMAN MS 39096 DR DENNIS THOMAS CHAIRPERSON 6018776693 2025-11-14 1 0 HARRY C HAMMOND IV CPA P01085129 6014427411 2025-10-14 2024 2025-03-06 01:10:19Z DR DENNIS THOMAS 30576 CHESAPEAKE BAY DRIVE WESLEY CHAPEL FL 33543 6852138 0 X N/A X 1973 MS SEE ATTACHED STATEMENTS 14 14 0 0 0 0 3794606 3316772 0 0 1609414 1854402 42035 47796 5446055 5218970 1848758 3429330 0 0 0 0 0 0 269744 744691 748528 2593449 4177858 2852606 1041112 56421072 60099539 985271 877825 55435801 59221714 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. 0 0 3429330 3429330 - TO PROVIDE GENERAL AND SPECIFIC FUNDING TO ALCORN STATE UNIVERSITY AND ITS VARIOUS DEPARTMENTS- TO PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS OF ALCORN STATE UNIVERSITY 3429330 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MS X X EXECUTIVE DIRECTOR 6018776693 1000 ASU DRIVE STE 810 LORMAN MS 39096 X ROBERT D GAGE IV DIRECTOR 0.50 X 0 0 0 DENSEL FLEMING DIRECTOR 0.50 X 0 0 0 DR JESSE E MCGEE DIRECTOR 0.50 X 0 0 0 DR SHELBY WILKES DESEASED 122824 TREASURER 0.50 X X 0 0 0 DR CHARLIE BRIDGES DIRECTOR 0.50 X 0 0 0 DR ANTHONY NEWMAN DIRECTOR 0.50 X 0 0 0 NATHANIEL HUGHES DIRECTOR 0.50 X 0 0 0 DR ZAKIYA NICKS DIRECTOR 0.50 X 0 0 0 DR MARCUS WARD EX OFFICIO MEMBER & SECRETARY 0.50 X X 0 0 0 CARLA KIRKLAND VICE CHAIRPERSON 0.50 X X 0 0 0 LAUREN B MIDDLETON DIRECTOR 0.50 X 0 0 0 DR TRACY COOK EX OFFICIO MEMBER 0.50 X 0 0 0 DR ORPHEUS TRIPLETT DIRECTOR 0.50 X 0 0 0 MIKE MCCORMICK DIRECTOR 0.50 X 0 0 0 DR DENNIS THOMAS CHAIRPERSON 1.00 X X 0 0 0 WILBERT JONES DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 3316772 3316772 1486786 1486786 2000784 1633168 367616 367616 367616 VIDEO SCOREBOARD REVENUE 999999 47750 47750 MISCELLANEOUS 999999 46 46 47796 5218970 1902198 0 0 2638567 2638567 790763 790763 6350 6350 77669 77669 135166 135166 122487 31122 91365 43213 43213 37605 37605 12004 12004 ASU FOUNDATION 111179 111179 ANNUAL FUND 68807 68807 REIMBURSEMENTS - SALARY 64125 64125 OFFICE & OCCUPANCY 48638 48638 21285 21285 4177858 3429330 478784 269744 8543652 7902852 34315 35964 25247 1743194 109073 23625 1634121 47811098 50492973 8382 8382 56421072 60099539 985271 877825 985271 877825 X 32942161 34579711 22493640 24642003 55435801 59221714 56421072 60099539 1041112 2744801 0 X 0 1 X 0 0 X 26953373 3417957 5334440 3794606 3316771 42817147 26953373 3417957 5334440 3794606 3316771 42817147 42817147 460859 296279 722811 1573835 1351271 4405055 47222202 0.90670 0.97130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 47845136 4463964 1780163 50528937 44389579 4005557 550000 47845136 48700106 -3210527 1100000 44389579 47239843 2826263 1366000 48700106 20626422 25000000 2163421 550000 47239843 0.70000 0.03000 0.27000 0 0 1743194 109073 1634121 1634121 X 7828606 2744802 2744802 5083804 135166 135166 5218970 4042692 0 4042692 135166 135166 4177858 PART III, LINE 1A: DURING 2021, A LOCAL ARTIST IN RESIDENCE DONATED 40 ORIGINAL PAINTINGS TO THE FOUNDATION. THE PAINTINGS ARE CARRIED AT A NOMINAL VALUE OF $1 FOR RECORDKEEPING PURPOSES ONLY. DURING 2014, AN ALUMNI OF THE COLLEGE DONATED A REVELS "FASHION CLOCK", FOUR REVELS PAINTING, AND ONE SCULPTURE. THE COLLETION IS CARRED AT A NOMINAL VALUE OF $1 FOR RECORDKEEPING PURPOSES ONLY. PART III, LINE 4: THE FOUNDATION MAINTAINS A COLLECTION OF DONATED PAINTINGS AND WORKS OF ART THAT ARE MADE AVAILABLE FOR PUBLIC VIEWING AND ACADEMIC STUDY THROUGH EXHIBITIONS AT UNIVERSITY GALLERIES AND CAMPUS FACILITIES. BY PROVIDING ACCESS TO ARTISTIC AND CULTURAL WORKS, THE FOUNDATION ADVANCES THE EDUCATIONAL AND CULTURAL OBJECTIVES OF THE UNIVERSITY AND PROMOTES PUBLIC APPRECIATION OF THE ARTS. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT FOUNDATION, WHICH IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)3 OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS REQUIRED TO ANNUALLY FILE FORM 990 WITH THE IRS. THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSTITIONS THAT ARE DEEMED MATERIAL AND DID NOT RECOGNIZE ANY ADJUSTMENTS FOR UNRECOGNIZED TAX BENEFITS, NOR DID THE FOUNDATION INCUR ANY UNRELATED BUSINESS INCOME. 1 ALCORN STATE UNIVERSITY 1000 ASU DRIVE 390 LORMAN MS 390969402 646000013 2570150 0 SUPPORT OF UNIVERSITY ADMINISTRATION, ACADEMICS, AND ATHLETICS SCHOLARSHIP SUPPORT FOR STUDENTS 400 697626 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE AUDIT AND RETURN BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION C, LINE 19 YES THE GOVERNING DOCUMENTS AND FINAL STATEMENTS ARE AVAILABLE TO THE PUBLIC DURING BUSINESS HOURS AT THE CAMPUS OF ALCORN STATE UNIVERSITY AND CAN BE ACCESSED THROUGH GUIDESTAR.COM FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC ROBERT D GAGE, IV - P O BOX 608, PORT GIBSON, MS 39150. DENSEL FLEMING - 209 CATTLE RIDGE ROAD, MARVIN, NC 28173. DR JESSE E MCGEE - 4567 MILLBRANCH, MEMPHIS, TN 38116. DR SHELBY WILKES (DESEASED 12/28/24) - 3215 CASCADE RD. SW, ATLANTA, GA 30311. DR CHARLIE BRIDGES - 7777 HENNESSEY BLVD SUITE 608, BATON ROUGE, LA 70809. DR ANTHONY NEWMAN - 13025 I-55, TERRY, MS 39170. NATHANIEL HUGHES - P O BOX 225, MACON, MS 39341. DR ZAKIYA NICKS - 1836 ROSWELL STREET SE APT 7203, SMYRNA, GA 30080. DR MARCUS WARD - 5865 KRISTEN DRIVE, JACKSON, MS 39211. CARLA KIRKLAND - 131 LAKESHIRE PKWY, CANTON, MS 39046. LAUREN B MIDDLETON - 102 MELROSE PARKWAY, NATCHEZ, MS 39120. DR TRACY COOK - 12612 HIGHWAY 61, FAYETTE, MS 39211. DR ORPHEUS TRIPLETT - 991 FALL SPRINGS ROAD, COLLIERVILLE, TN 38017. MIKE MCCORMICK - 6311 RIDGEWOOD ROAD, JACKSON, MS 39211. DR DENNIS THOMAS - 30576 CHESAPEAKE BAY DRIVE, WESLEY CHAPEL, FL 33543. WILBERT JONES - 4521 B PLACE, MERIDIAN, MS 39301. ALCORN STATE UNIVERSITY FOUNDATION DEVELOPMENT LLC 10000 ASU DRIVE 810 LORMAN MS 39096 DEVELOPMENT,OWNER,AND LESSOR OF NON-REAL ESTATE ASSETS MS 47750 1714587 ALCORN STATE UNIVERSITY FOUNDATION INC ALCORN STATE UNIVERSITY 1000 ASU DRIVE 390 LORMAN MS 390969402 646000013 STATE SUPPORTED UNIVERSITY MS 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ALCORN STATE UNIVERSITY B 2770728 ACCRUAL