2026-05-20T13:34:55-05:00 2025-09-30 454084437 WARREN AVERETT LLC 2500 ACTON ROAD BIRMINGHAM AL 35243 990 2024-10-01 636022422 AUBURN UNIVERSITY FOUNDATION AUBU 3348447048 PO BOX 3140 AUBURN AL 368313140 ROBERT WELLBAUM PRESIDENT 3348447048 2026-04-13 1 1 MEGAN RANDOLPH P00989558 2059794100 2026-04-13 2024 2025-03-06 01:10:19Z ROBERT WELLBAUM PO BOX 3140 AUBURN AL 36831 313267029 0 X WWW.AUBURNGIVING.ORG X 1960 AL THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF AUBURN UNIVERSITY, AN EDUCATIONAL, LAND-GRANT INSTITUTION WHICH IS TAX EXEMPT UNDER IRC SECTION 115. 23 23 102 984 1140434 200740 84728927 88768365 147456 185662 51056635 34683672 3268305 3444475 139201323 127082174 60949069 64627916 0 0 562969 532639 0 0 4360711 14127181 16552120 75639219 81712675 63562104 45369499 1072650055 1186034779 44271002 48501913 1028379053 1137532866 THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF AUBURN UNIVERSITY, AN EDUCATIONAL, LAND GRANT INSTITUTION. 0 0 64369916 64369916 3295047 GRANTS TO AUBURN UNIVERSITY (AU) FOR ACADEMIC, OUTREACH AND RESEARCH MISSIONS AND ITS SUPPORTING/RELATED ORGANIZATIONS IN SUPPORT OF THEIR ORGANIZATION'S PRIMARY PURPOSES, OUTREACH AND INTERCOLLEGIATE ATHLETICS, IN SUPPORT OF AU. 6362103 0 185662 EXPENDITURES MADE BY AUBURN UNIVERSITY FOUNDATION (AUF) ON BEHALF OF AU IN SUPPORT OF ITS ACADEMIC, OUTREACH AND RESEARCH MISSIONS. 258000 258000 0 GRANTS TO AUBURN UNIVERSITY REAL ESTATE FOUNDATION, INC.(AUREF), FOR OPERATIONS AND THE TRANSFER OF REAL PROPERTIES TO AU FOR PERPETUAL MANAGEMENT. 70990019 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 159 0 1 102 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO FL IL KY MA MD ME MI MN ND NH NJ NV NY OH OR PA SC WA UT X X WILLIAM B HUGHES 3348447048 PO BOX 3140 AUBURN AL 368313140 X BETH STUKES CHAIR 1.50 0.25 X X 0 0 0 PAT HENRY VICE CHAIR 1.50 0.25 X X 0 0 0 KATH CARTER TREASURER 1.50 0.00 X X 0 0 0 PAUL JACOBSON DIRECTOR, PAST CHAIR 1.50 0.00 X 0 0 0 BEAU BYRD DIRECTOR 1.25 0.25 X 0 0 0 BRAD CORSON DIRECTOR 1.50 0.00 X 0 0 0 CONNIE NEVILLE DIRECTOR 1.25 0.00 X 0 0 0 DAN ARNOLD DIRECTOR 1.50 0.00 X 0 0 0 DAN DAVIDSON DIRECTOR 1.50 0.00 X 0 0 0 GREG WINCHESTER DIRECTOR 1.25 0.50 X 0 0 0 JOE COWAN DIRECTOR 1.50 0.00 X 0 0 0 JOHN STEIN PRESIDENT 1.50 0.00 X 0 0 0 KEN HENDERSON DIRECTOR 1.50 0.00 X 0 0 0 LACEY LEWIS DIRECTOR 0.75 0.25 X 0 0 0 MARK FORCHETTE DIRECTOR 1.00 0.00 X 0 0 0 NICK DAVIS DIRECTOR 1.50 0.00 X 0 0 0 NICOLE FAULK DIRECTOR 1.50 0.00 X 0 0 0 RANDY CHASE DIRECTOR 1.25 0.00 X 0 0 0 REGENIA SANDERS DIRECTOR 1.25 0.00 X 0 0 0 SARAH BROWN DIRECTOR 1.50 0.00 X 0 0 0 SHIRLEY BOULWARE DIRECTOR 1.50 0.00 X 0 0 0 STEVE CATES DIRECTOR 0.25 0.00 X 0 0 0 TEE GREEN DIRECTOR 1.25 0.50 X 0 0 0 ROBERT WELLBAUM PRESIDENT 10.00 2.00 X 392492 20657 61791 ERIN LEWIS CHIEF OPERATIONS OFFICER 10.00 4.00 X 270559 30062 53032 MARGARET ARNOLD VICE PRESIDENT 6.00 0.75 X 228831 4670 45515 WILLIAM HUGHES CHIEF FINANCIAL OFFICER 20.00 4.00 X 180538 20060 39809 REGENA ISBELL ASSISTANT TREASURER 22.00 0.00 X 155218 0 29415 LEE SHEPPARD ASSISTANT TREASURER 22.00 3.25 X 112707 9801 25871 WANDA SPEROW SECRETARY 36.00 2.00 X 99583 5241 20348 SHAUNA MONROE ASSISTANT TREASURER 20.50 0.00 X 91944 0 29682 LAUREL HENDRIX ASSITANT SECRETARY 20.00 2.00 X 80662 4245 17408 MERIDITH COLLARI BEG 0125 CHIEF INFORMATION SECURITY OFFICER 6.00 0.50 X 15167 153 1943 WILLIAM WILLIAMS THRU 072025 EXEC. DIRECTOR, REGIONAL DEVELOPMENT 4.00 0.00 X 227822 0 39211 DANIEL SASSER CHIEF ENGAGEMENT OFFICER 4.00 0.00 X 188769 0 40157 ALESIA DAVENPORT SR DIRECTOR, GIFT PLANNING 4.00 0.00 X 186281 0 30200 HAWKEN BRACKETT THRU 0625 EXEC. DIRECTOR ALUMNI ENGAGEMENT 4.00 0.00 X 147208 0 34173 KEVIN HARDEE SR MAJOR GIFTS OFFICER 4.00 0.00 X 140591 0 18275 2518372 94889 486830 26 0 1 0 AFFINAQUEST LLC 12030 SUNRISE VALLEY DRIVE STE 150 RESTON VA 75267 FUNDRAISING SUPPORT 793702 TERRA COTTA CATERING CO 415 E MAGNOLIA AVE AUBURN AL 36830 CATERING 770173 CLOUD FOR GOOD HOLDINGS INC 1854A HENDERSONVILLE ROAD 252 ASHEVILLE NC 28803 FUNDRAISING SUPPORT 581191 THE HOTEL AT AUBURN UNIVERSITY 241 SOUTH COLLEGE STREET AUBURN AL 36830 HOSPITALITY 521771 SALESFORCECOM INC PO BOX 39000 DPT 34293 SAN FRANCISCO CA 94139 FUNDRAISING SUPPORT 436670 15 506304 91225 252115 87918721 8267444 88768365 N/D PORTION OF CONTRIBUTION 561499 97782 97782 PROG SRVC REGISTRATION 611710 87880 87880 185662 9581973 859576 8722397 52857 52857 2900 0 2900 2900 2900 211008924 185907225 25101699 25101699 280774 24820925 371217 506304 277630 93587 93587 ADMIN COST RECOVERY 561000 3292477 3292477 MISCELLANEOUS 561499 2654 2570 84 3295131 127082174 3480709 1140434 33692666 64627916 64627916 532639 344038 188601 3786269 386794 1923271 1476204 238586 8305 219899 10382 109690 109690 254678 109558 127668 17452 417230 285308 3970 127952 582658 275470 178229 128959 1186802 12279 1146735 27788 127349 45449 79941 1959 890426 283342 30103 576981 139689 79865 33381 26443 OFFICIAL GUESTS AND ENT 6154257 4242303 210723 1701231 ADMINISTRATIVE COSTS 1695334 326572 1344603 24159 OTHER NONPROFESSIONAL O 969152 306858 609694 52600 81712675 70990019 6361945 4360711 X 55578114 55212923 76469831 76918255 1674233 259592 1380317 1414641 363377538 393217988 560930974 642969432 14913281 16301540 1072650055 1186034779 521275 531790 119935 17500 43629792 47952623 44271002 48501913 X 51099665 53844993 977279388 1083687873 1028379053 1137532866 1072650055 1186034779 X 45369499 62238730 1545586 X X 0 1 X 1 0 X 59931770 103548665 79063156 84728927 88768365 416040883 59931770 103548665 79063156 84728927 88768365 416040883 18385514 397655369 2771436 5108595 6450244 8261119 8778154 31369548 18993 964159 0 0 1234021 2217173 2467447 2738270 2970277 3105984 3295047 14577025 464204629 670491 0.85660 0.84670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE COST RECOVERY REVENUE - 2020 AMOUNT: $ 2,465,969. 2021 AMOUNT: $ 2,734,909. 2022 AMOUNT: $ 2,967,592. 2023 AMOUNT: $ 3,102,805. 2024 AMOUNT: $ 3,292,477. MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 1,478. 2021 AMOUNT: $ 3,361. 2022 AMOUNT: $ 2,685. 2023 AMOUNT: $ 3,179. 2024 AMOUNT: $ 2,570. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 904621320 48519547 96583643 28724864 7713034 1013286612 760932936 37952152 139328861 26461497 7131132 904621320 676864002 38360534 76570646 24378762 6483484 760932936 728648614 45446609 65793598 25636565 5801059 676864002 576472255 26847349 149336386 18900725 5106651 728648614 0.04395 0.62756 0.32849 0 1 1 1224714 1224714 449519 259592 189927 1414641 DEEDED MINERAL RIGHTS 420000 F EMERGING MARKETS EQUITY 49899067 F INTERNATIONAL EQUITY 55153873 F ABSOLUTE RETURN 91463312 F NATURAL RESOURCES/REAL ESTATE/ COMMODITIES 118816284 F GLOBAL PRIVATE CAPITAL 151671661 F DOMESTIC EQUITY 175545235 F 642969432 ANNUITIES PAYABLE 12794193 DUE TO AUBURN ALUMNI ASSOCIATION 11918023 DUE TO TIGERS UNLIMITED FOUNDATION 16272930 DUE TO OTHER RELATED ORGANIZATIONS 3518682 DUE TO OUTSIDE BENEFICIARIES 3248793 DUE TO AUBURN UNIVERSITY 200002 47952623 X 192736527 62238730 3415623 65654353 127082174 0 127082174 82230002 517327 517327 81712675 0 81712675 PART V, LINE 4: ACADEMIC UNIT SUPPORT $214,763,850 FACULTY SUPPORT $207,318,540 STUDENT AID $480,295,482 PROGRAM SUPPORT $29,029,705 RESEARCH SUPPORT $21,283,064 OUTREACH AND PUBLIC SERVICE SUPPORT $11,520,372 CAPITAL AND PLANT SUPPORT $12,181,829 ADMINISTRATIVE SUPPORT $36,893,770 PART X, LINE 2: THE AU FOUNDATION AND THE REAL ESTATE FOUNDATION HAVE RECEIVED LETTERS FROM THE INTERNAL REVENUE SERVICE (IRS) RECOGNIZING THE AU FOUNDATION AND THE REAL ESTATE FOUNDATION AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE. HOWEVER, CERTAIN TYPES OF INCOME MAY BE SUBJECT TO TAX FROM UNRELATED BUSINESS INCOME AS DEFINED BY THE CODE. IN 2025, THE AU FOUNDATION PAID $24,427 OF TAX EXPENSE FOR THE YEAR ENDED SEPTEMBER 30, 2024. THE AU FOUNDATION AND THE REAL ESTATE FOUNDATION HAVE DETERMINED THAT TAXES DUE FOR THE YEARS 2024 AND 2025 ARE IMMATERIAL. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE AU FOUNDATION AND THE REAL ESTATE FOUNDATION FOLLOW THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. THE AU FOUNDATION AND THE REAL ESTATE FOUNDATION HAVE FILED THEIR TAX RETURNS THROUGH SEPTEMBER 30, 2024. AS OF SEPTEMBER 30, 2025 AND 2024, THE AU FOUNDATION AND THE REAL ESTATE FOUNDATION HAVE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FOR AU REAL ESTATE FOUNDATION REPORTED ON SEPARATE RETURN 1,592,407. CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS 1,545,586. INCOME/EXPENSE RECLASSIFICATION 277,630. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE FOR AU REAL ESTATE FOUNDATION REPORTED ON SEPARATE RETURN 239,697. INCOME/EXPENSE RECLASSIFICATION 277,630. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 15435668 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 59415046 0 0 0 0 0 0 74850714 0 74850714 1 0 0 0 1 0 HOSPITALITY GALA 465138 205948 259190 6928 9016 43801 6100 84498 NURSING DIAMONDS & DOLLS 246775 199100 47675 5946 4872 28029 8305 35828 4 165608 101256 64352 125 19524 4972 19686 877521 506304 371217 12999 33412 76802 14405 140012 277630 93587 1 AUBURN UNIVERSITY 107 SAMFORD HALL AUBURN AL 36849 630000724 IMPLIED STATUTORY 64369916 0 N/A N/A ACADEMIC, RESEARCH, OUTREACH, NONACADEMIC, FACULTY, CAPITAL SUPPORT, STUDENT SERVICES, INTERCOLLEGIATE ATHLETICS, LIBRARY, INSTITUTIONAL ADMINISTRATION, STUDENT FINANCIAL AID, & OTHER PROGRAM SUPPORT AUBURN UNIVERSITY REAL ESTATE FOUNDATION INC PO BOX 3140 AUBURN AL 36831 562535892 501(C)(3) 258000 0 N/A N/A CAPITAL SUPPORT 2 0 PART I, LINE 2: THE GRANTEE, AUBURN UNIVERSITY (AU), IS AN IMPLIED STATUTORY ENTITY AS AN INTREGAL PART OF THE STATE OF ALABAMA. AS A LAND-GRANT INSTITUTION OF HIGHER EDUCATION, ITS MAJOR SOURCE OF FUNDS ARE FEDERAL AND STATE APPROPRIATIONS. ITS DISBURSEMENTS ARE GOVERNED BY FEDERAL LAW AND THE STATE OF ALABAMA LAW. ITS TRANSACTIONS ARE SUBJECT TO PUBLIC DISCLOSURE. GRANTS DESIGNATED FOR A SPECIFIC PURPOSE ARE CREDITED TO A FUND ESTABLISHED SPECIFICALLY FOR THAT PURPOSE. AU'S OFFICE OF PROCUREMENT AND BUSINESS SERVICES ENSURES COMPLIANCE WITH RESTRICTIONS SUBJECT TO ANY APPLICABLE LAWS. THE GRANTEE, AUBURN UNIVERSITY REAL ESTATE FOUNDATION, INC (AUREF) IS A SECTION 501(C)(3) ENTITY. ITS PRIMARY PURPOSE IS TO SUPPORT AUBURN UNIVERSITY FOUNDATION (AUF) WHICH IS THE SOLE MEMBER OF THE AUREF. AS THE CONTROLLING ENTITY, AUF HAS THE AUTHORITY TO REVIEW AUREF'S FINANCIAL RECORDS. EACH ENTITY HAS AN ACTIVE BOARD OF DIRECTORS TO WHICH MANAGEMENT IS RESPONSIBLE. X X 1 1 0 0 0 0 0 0 0 0 0 ROBERT WELLBAUM PRESIDENT 392492 20657 0 0 0 0 44059 2319 14856 782 451407 23758 0 0 ERIN LEWIS CHIEF OPERATIONS OFFICER 270559 30062 0 0 0 0 33857 3762 14074 1564 318490 35388 0 0 MARGARET ARNOLD VICE PRESIDENT 228831 4670 0 0 0 0 31735 648 13090 267 273656 5585 0 0 WILLIAM HUGHES CHIEF FINANCIAL OFFICER 180538 20060 0 0 0 0 24008 2668 12021 1336 216567 24064 0 0 REGENA ISBELL ASSISTANT TREASURER 155218 0 0 0 0 0 22083 0 7556 0 184857 0 0 0 WILLIAM WILLIAMS THRU 072025 EXEC. DIRECTOR, REGIONAL DEVELOPMENT 227822 0 0 0 0 0 30893 0 8541 0 267256 0 0 0 DANIEL SASSER CHIEF ENGAGEMENT OFFICER 188769 0 0 0 0 0 24744 0 15637 0 229150 0 0 0 ALESIA DAVENPORT SR DIRECTOR, GIFT PLANNING 186281 0 0 0 0 0 25823 0 4602 0 216706 0 0 0 HAWKEN BRACKETT THRU 0625 EXEC. DIRECTOR ALUMNI ENGAGEMENT 147208 0 0 0 0 0 21040 0 13357 0 181605 0 0 0 KEVIN HARDEE SR MAJOR GIFTS OFFICER 140591 0 0 0 0 0 18275 0 149 0 159015 0 0 0 PART I, LINE 3 AUBURN UNIVERSITY FOUNDATION HAS NO EMPLOYEES; AUBURN UNIVERSITY IS THE COMMON PAYMASTER FOR AUBURN UNIVERSITY FOUNDATION. COMPENSATION IS BASED ON MARKET SURVEYS AND INTERNAL DATA COMPILED BY AUBURN UNIVERSITY'S HUMAN RESOURCES. AUBURN UNIVERSITY HAS A COMPENSATION COMMITTEE THAT MAY CONSIDER AND PROVIDE RECOMMENDATIONS TO THE BOARD ON POLICIES RELATED TO TOTAL COMPENSATION OF UNIVERSITY EMPLOYEES BALANCING GOOD STEWARDSHIP OF INSTITUTIONAL RESOURCES WITH PROMOTION OF A QUALITY WORK FORCE BY PROVIDING COMPETITIVE COMPENSATION. X 303 7864210 FMV X 2 321255 PRESENT VALUE X INSURANCE PREMIUMS 28 67579 COST X RIGHT OF USE 1 14400 COST 0 0 1 1 PART I, LINE 32B: IN ADDITION TO GENERAL OPERATION SERVICES, AUBURN UNIVERSITY EMPLOYEES PERFORMED FUND RAISING SERVICES SUCH AS SOLICITING, PROCESSING AND DISPOSING OF NONCASH CONTRIBUTIONS SINCE THE AU FOUNDATION HAS NO EMPLOYEES. SCHEDULE M, PART I, COLUMN B: COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY THE AUDIT COMMITTEE AND RECOMMENDED TO THE FULL BOARD OF DIRECTORS FOR A REVIEW PERIOD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A "CONFLICT OF INTEREST AND SELF-DEALING STATEMENT" WAS PRESENTED TO ALL NEW MEMBERS AND ANNUALLY TO RETURNING BOARD MEMBERS BY POLICY. THE STATEMENT INCLUDED THE POLICY AND AN AFFIRMATION SECTION THAT DOCUMENTED ANY POTENTIAL CONFLICT AND WAS SIGNED BY EACH BOARD MEMBER. THIS SIGNED STATEMENT WAS COLLECTED BY THE BOARD SECRETARY AND THE RESULTS WERE REPORTED TO THE CHAIR OF THE BOARD FOR ANY NECESSARY FOLLOW-UP. FORM 990, PART VI, SECTION B, LINE 15 AUBURN UNIVERSITY FOUNDATION HAS NO EMPLOYEES; AUBURN UNIVERSITY IS THE COMMON PAYMASTER FOR AUBURN UNIVERSITY FOUNDATION. COMPENSATION IS BASED ON MARKET SURVEYS AND INTERNAL DATA COMPILED BY AUBURN UNIVERSITY'S HUMAN RESOURCES. AUBURN UNIVERSITY HAS A COMPENSATION COMMITTEE THAT MAY CONSIDER AND PROVIDE RECOMMENDATIONS TO THE BOARD ON POLICIES RELATED TO TOTAL COMPENSATION OF UNIVERSITY EMPLOYEES BALANCING GOOD STEWARDSHIP OF INSTITUTIONAL RESOURCES WITH PROMOTION OF A QUALITY WORK FORCE BY PROVIDING COMPETITIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES THE FOLLOWING GOVERNING DOCUMENTS AVAILABLE ON ITS WEBSITE AT WWW.AUBURNGIVING.ORG: FORM 1023, FORM 990, AND DETERMINATION LETTER. THE AUDITED FINANCIAL STATEMENTS WERE INCLUDED IN AUBURN UNIVERSITY'S AUDITED FINANCIAL STATEMENTS WHICH ARE PUBLIC DOCUMENTS. THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION'S SECRETARY. FORM 990, PART VII, SECTION A: AUBURN UNIVERSITY IS THE COMMON PAYMASTER FOR AUBURN UNIVERSITY FOUNDATION. AS SUCH, COMPENSATION FROM AUBURN UNIVERSITY IS REPORTED AS COMPENSATION FROM THE FILING ORGANIZATION. REPORTABLE COMPENSATION IS BASED ON THE CALENDAR YEAR ENDING WITHIN THE ORGANIZATION'S TAX YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,545,586. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR. AUBURN UNIVERSITY REAL ESTATE FOUNDATION INC PO BOX 3140 AUBURN AL 36831 562535892 SUPPORT AUBURN UNIVERSITY FOUNDATION AL 501(C)(3) 170(B)(1)(A) (VI) AUBURN UNIVERSITY FOUNDATION 1 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 1 0 0 AUBURN UNIVERSITY REAL ESTATE FOUNDATION INC B 258000 COST AUBURN UNIVERSITY REAL ESTATE FOUNDATION INC C 91225 COST AUBURN UNIVERSITY REAL ESTATE FOUNDATION INC E 102824 COST