Georgia Tech Foundation Inc, Birmingham Georgia Tech Club in Birmingham, Alabama (AL)

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Georgia Tech Foundation Inc, Birmingham Georgia Tech Club
Employer Identification Number (EIN)586043294
Name of OrganizationGeorgia Tech Foundation Inc
Secondary NameBirmingham Georgia Tech Club
In Care of NameWalker Stewart
AddressPo Box 59193, Birmingham, AL 35209
ActivitiesScientific research (diseases), Contact or sponsored scientific research for industry, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date07/1944
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2008
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,632,642,419
Amount of Income$516,185,994
Form 990 Revenue Amount$134,262,708
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2008: $516,185,994
This organization: 

 $516,185,994
Other organizations performing similar types of work: 

 $6,316,681

Assets in 2008: $1,632,642,419
Georgia Tech Foundation Inc, Birmingham Georgia Tech Club: 

 $1,632,642,419
Other organizations performing similar types of work: 

 $21,924,426

Expenses in 2007: $112,886,496
This organization: 

 $112,886,496
Other organizations performing similar types of work: 

 $2,919,811

Income to expenses ratio in 2007: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 1.4

Expenses allocated to program services in 2007: 88.8%
This organization: 

 88.8%
Other organizations performing similar types of work: 

 84.4%

Number of employees in 2007: 25
This organization: 

 25
Other organizations performing similar types of work: 

 19

Employees paid over $50,000 in 2007: 12.0%
This organization: 

 12.0%
Other organizations performing similar types of work: 

 16.7%

Grants share in income in 2007: 52.9%
Georgia Tech Foundation Inc, Birmingham Georgia Tech Club: 

 52.9%
Other organizations performing similar types of work: 

 53.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$63,721,639$77,813,887$43,712,232$125,634,598$157,427,176$149,531,987$205,474,539$184,136,759
Contributions, gifts, grants, and similar amounts received$89,897,212$77,037,445$34,656,436$42,425,449$50,137,284$59,800,268$85,801,176$97,432,173
Contributions to donor advised funds$0$0
Direct public support$87,672,212$58,458,602$33,967,271$41,949,038$49,434,465$45,466,974$80,149,196$94,302,060
Indirect public support$0$16,265,431$689,165$476,411$702,819$14,333,294$5,651,980$3,130,113
Government contributions (grants)$2,225,000$2,313,412$0$0$0$0$0$0
Program service revenue including government fees and contracts$310,822$332,130$309,159$364,637$395,978$312,822$258,189$411,396
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$5,785,824$142,993$127,271
Dividends and interest from securities$10,870,155$15,120,897$11,610,533$9,876,783$8,704,048$4,367,107$10,503,019$15,344,636
Net rental income or (loss)$1,115,480$3,469,872$2,600,954$14,831,187$15,471,151$11,087,823$11,507,447$12,619,387
Gross rents$1,115,480$3,469,872$2,600,954$14,831,187$15,471,151$15,881,441$15,969,898$17,422,021
Less: rental expenses$0$0$0$0$0$4,793,618$4,462,451$4,802,634
Other investment income$-22,713,202$-20,873,674$-1,690,645$24,272,631$54,720,484$50,321,019$66,831,334$42,957,599
Gain or (loss) from sales of assets other than inventory$-13,746,558$6,571,385$-8,107,137$20,721,110$27,234,880$16,759,402$28,859,855$14,736,609
Gross amount from sales of assets other than inventory$1,062,900$211,592,712$225,147,015$301,223,205$489,570,396$234,978,383$263,838,066$363,825,000
Less: cost or other basis and sales expenses$14,809,458$205,021,327$233,254,152$280,502,095$462,335,516$218,218,981$234,978,211$349,088,391
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$-2,012,270$-3,844,168$4,332,932$13,142,801$763,351$1,097,722$1,570,526$507,688
Total expenses$54,572,721$104,495,140$80,846,103$98,166,841$73,419,327$91,562,577$113,634,907$112,886,496
Program services$42,805,724$92,917,349$69,898,629$83,214,932$63,054,051$83,475,046$103,734,643$100,280,890
Management and general$6,738,963$6,271,083$5,735,245$11,043,082$6,345,040$4,393,135$4,836,631$6,598,814
Fundraising$5,028,034$5,306,708$5,212,229$3,908,827$4,020,236$3,694,396$5,063,633$6,006,792
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$810,177,266$745,031,957$714,316,828$810,338,315$891,961,300$991,946,502$1,199,382,473$1,191,354,952
Excess or (deficit) for the year$9,148,918$-26,681,253$-37,133,871$27,467,757$84,007,849$57,969,410$91,839,632$71,250,263
Net assets or fund balances at beginning of year$801,027,948$810,177,266$745,031,957$714,316,828$810,338,315$891,961,300$991,946,502$1,199,382,473
Other changes in net assets or fund balances$400$-38,464,056$6,418,742$68,553,730$-2,384,864$42,015,792$115,596,339$-79,277,784
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$112,886,496$100,280,890$6,598,814$6,006,792
Grants paid from donor advised funds$0
Other grants and allocations$85,954,605
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,776,071$750,000$517,279$508,792
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,037,284$0$2,037,284$0
Pension plan contributions not included above$145,282$0$145,282$0
Employee benefits not included above$875,456$647,734$227,722$0
Payroll taxes$139,885$0$139,885$0
Professional fundraising fees$0$0$0$0
Accounting fees$223,150$0$223,150$0
Legal fees$53,749$2,510$51,239$0
Supplies$46,492$7,493$38,999$0
Telephone$23,236$0$23,236$0
Postage and shipping$7,373$358$7,015$0
Occupancy$149,869$0$149,869$0
Equipment rental and maintenance$214,004$0$214,004$0
Printing and publications$122,319$51,618$59,383$11,318
Travel$149,287$38,399$98,835$12,053
Conferences, conventions, and meetings$3,219,162$2,712,410$267,458$239,294
Interest$10,131,942$9,866,179$265,763$0
Depreciation, depletion, etc.$154,177$0$154,177$0
Other expenses not covered above$7,463,153$249,584$1,978,234$5,235,335
Balance Sheets
20002001200220032004200520062007
Total assets$945,706,128$1,101,004,010$1,072,332,004$1,158,903,577$1,269,314,086$1,385,555,973$1,628,596,522$1,629,593,439
Cash - non-interest-bearing$5,283$5,857$6,257$4,808$4,803$5,703$3,750$3,250
Savings and temporary cash investments$4,800,000$7,261,210$4,799,999$7,006,607$7,827,334$21,669,958$8,224,642$7,288,428
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$43,827,510$41,200,193$24,171,170$23,582,218$23,569,388$19,802,285$40,831,872$66,267,185
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$9,579,523$12,362,902$8,554,667$6,402,846$1,990,222$1,302,020$1,322,716$1,215,334
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$1,009,836,121$899,768,797
Investments - other securities$671,990,817$627,937,497$624,289,662$701,439,208$746,269,821$745,523,693$0$0
Investments - land, buildings, and equipment less accumulated depreciation$8,181,727$17,465,832$17,171,309$3,474,059$6,224,351$5,944,643$5,419,935$5,917,237
Investments - other$149,090,148$166,664,672$168,741,101$177,124,656$252,317,013$358,232,299$334,322,315$412,961,140
Land, buildings, and equipment less accumulated depreciation$226,272$163,324$115,916$44,680,865$42,841,550$40,872,923$39,122,718$37,667,492
Other assets, including program-related investments$58,004,848$227,942,523$224,481,923$195,188,310$188,269,604$192,202,449$189,512,453$198,504,576
Total liabilities$135,528,862$355,972,053$358,015,176$348,565,262$377,352,786$393,609,471$429,214,049$438,238,487
Accounts payable and accrued expenses$71,814,010$12,440,390$23,027,945$13,078,794$7,661,184$6,139,094$17,237,777$145,962,110
Grants payable$12,852,330$27,052,976$25,451,841$58,896,325$82,430,957$93,449,403$100,272,953$0
Deferred revenue$1,508,755$2,773,642$629,284$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$44,735,938$227,383,422$227,447,789$224,312,156$220,371,523$216,255,891$211,935,257$207,394,624
Mortgages and other notes payable$0$0$0$0$0$0$18,801,379$15,581,894
Other liabilities$4,617,829$86,321,623$81,458,317$52,277,987$66,889,122$77,765,083$80,966,683$69,299,859
Total liabilities and net assets/fund balances$945,706,128$1,101,004,010$1,072,332,004$1,158,903,577$1,269,314,086$1,385,555,973$1,628,596,522$1,629,593,439
Total net assets or fund balances$810,177,266$745,031,957$714,316,828$810,338,315$891,961,300$991,946,502$1,199,382,473$1,191,354,952
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$63,721,639$77,813,887$43,712,232$125,634,598$157,427,176$149,531,987$205,474,539$184,136,759
Total revenue, gains, and other support per audited financial statements$64,866,386$22,436,121$48,279,857$194,190,081$154,323,834$196,389,452$320,293,818$104,956,842
Other expenses$1,144,747$-37,767,840$6,352,724$71,677,900$-2,340,855$46,857,465$120,471,259$-74,328,497
Net unrealized gains on investments$0$-38,463,656$6,418,742$68,553,730$-2,492,379$40,538,733$112,746,757$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$1,144,747$695,816$-66,018$3,124,170$151,524$6,318,732$7,724,502$-74,328,497
Other revenue$0$17,609,926$1,785,099$3,122,417$762,487$0$5,651,980$4,851,420
Investment expenses$0$0$0$0$0$0$0$1,721,307
Other$0$17,609,926$1,785,099$3,122,417$762,487$0$5,651,980$3,130,113
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$54,572,721$104,495,140$80,846,103$98,166,841$73,419,327$91,562,577$113,634,907$112,886,496
Total expenses and losses per audited financial statements$64,173,567$118,114,129$79,997,253$101,924,009$73,536,046$93,038,566$115,988,113$98,677,670
Other revenue$13,577,305$16,138,745$769,394$8,196,736$1,742,942$20,930,626$12,713,161$7,083,291
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$13,577,305$16,138,745$769,394$8,196,736$1,742,942$20,930,626$12,713,161$7,083,291
Other expenses$3,976,459$2,519,756$1,618,244$4,439,568$1,626,223$19,454,637$10,359,955$21,292,117
Investment expenses$0$0$0$0$0$0$0$1,721,307
Other$3,976,459$2,519,756$1,618,244$4,439,568$1,626,223$19,454,637$10,359,955$19,570,810
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$330,000$28,388$7,442
40$135,000$24,835$0
10$1,288,197$0$12,095
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings54
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200625
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-986,815$86,508,117$1,183,284
Program service revenue
Program service revenue 1000000$000$0$411,396
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$127,271$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$15,344,636$0
Net rental income or (loss) from real estate
debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$12,641,589$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal propertyRental of personal property$-22,20200$0$0
Other investment income000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$42,957,599$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$14,736,609$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueOther activities related to real estate$-964,613Royalty income excluded by section 512(b)(2)$700,413$771,888
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
586043294100%$7,020,358$40,239,651
586043294100%$7,692,952$131,997,100
581609015100%$0$0
650419629100%$815,701$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$19,308
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?Yes
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization operated for the benefit of a college or university
Support Schedule
19992000200120022003200420052006
Total$249,682,990$56,739,946$73,451,672$68,383,086$105,097,076$129,746,782$136,539,689$160,047,548
Gifts, grants, and contributions received$80,744,944$67,660,206$79,664,762$51,685,459$43,014,400$50,150,114$63,567,371$64,771,589
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$770,248$310,822$332,130$309,159$364,637$395,978$312,822$258,189
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$11,901,290$13,855,350$18,701,055$14,396,633$24,707,970$24,175,199$21,705,150$27,290,532
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$156,266,508$-25,086,432$-25,246,275$1,991,835$37,010,069$55,025,491$50,954,346$67,727,238
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$138,249,996
Contributions, Gifts, Grants and Other Similar Amounts$59,752,536
Program Service Revenue$1,042,103
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$17,344,992
Income from investment of tax-exempt bond proceeds$0
Royalties$766,211
Net rental income$9,636,144
Gross rents (Real / Personal)$13,785,705 / $774,189
Less: rental expenses (Real / Personal)$3,853,169 / $1,070,581
Rental income or (loss) (Real / Personal)$9,932,536 / $-296,392
Net gain from sales of assets other than inventory$49,708,010
Gross amount from sales of assets other than inventory (Securities / Other)$642,159,535 / $9,036
Less: cost or other basis and sales expenses (Securities / Other)$592,454,302 / $6,259
Gain or (loss) (Securities / Other)$49,705,233 / $2,777
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$93,911,939
Compensation of current officers, directors, trustees, and key employees$950,163
Other salaries and wages$2,279,081
Payroll taxes$177,487
Professional fundraising services$0
Other$90,505,208
Balance Sheet (for 2011)
Total assets$1,625,197,936
Total liabilities$455,883,875
Tax-exempt bond liabilities$150,405,103
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$305,478,772
Total net assets or fund balances$1,169,314,061
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$614,997,699
Gifts, grants, contributions, and membership fees received$348,889,786
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$266,107,913
Gross receipts from related activities, etc.$2,238,948
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-5,814$981,001$-986,815
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$65,732$0$65,732
Net gain$711,864$0$711,864
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-1,742,209$0$-1,742,209
Rent income$958,799$981,001$-22,202
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$10,262
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$10,262
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-997,077
Unrelated business taxable income before net operating loss deduction$-997,077
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-997,077
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Indiana University FoundationPO BOX 500, Bloomington, IN 47402-0500IN1938-03$4,219,978,331
2Harvard Management Private Equity Corporation600 Atlantic Avenue, Boston, MA 02210-2203MA1991-03$2,342,928,583
3Trustees For Harvard University1033 Mass Ave Ste 3, Cambridge, MA 02138-5366MA1958-09$2,196,378,015
4University Of Nebraska Foundation1010 Lincoln Mail Ste 300, Lincoln, NE 68501NE1963-04$2,187,063,167
5City University Construction Fund555 W 57th St Fl 10, New York, NY 10019-2925NY1967-08$1,361,412,497
6University Of Wisconsin Foundation1848 University Ave, Madison, WI 53726-4090WI1948-10$1,257,577,318
7Gothic Corporation280 S Mangum St Ste 210, Durham, NC 27701-3675NC1993-09$1,051,242,583
8University Of Illinois Foundation1305 W Green St, Urbana, IL 61801-2945IL1948-06$751,558,934
9Arizona State University Foundation For A New American UniversityPO BOX 2260, Tempe, AZ 85280-2260AZ1958-05$679,089,228
10Virginia Tech Foundation Inc902 Prices Fork Rd Ste 4400, Blacksburg, VA 24060-6811VA1949-02$665,236,685
11The Ucla Foundation201 Gseis Bldg, Los Angeles, CA 90095CA1949-10$652,093,982
12Southwestern Medical Foundation3963 Maple Ave Ste 100, Dallas, TX 75219-3210TX1940-05$636,798,052
13Harvard Private Capital Realty Inc600 Atlantic Avenue, Boston, MA 02210-2203MA1992-07$594,160,055
14Kansas University Endowment AssocPO BOX 928, Lawrence, KS 66044-0928KS1934-12$583,453,367
15University Of Colorado Foundation4740 Walnut St, Boulder, CO 80301-2538CO1967-09$539,605,825
16University Of Minnesota Foundation200 Oak St Se Ste 500, Minneapolis, MN 55455-2010MN1964-07$537,106,670
17Georgia Tech Foundation Inc, Birmingham Georgia Tech ClubPo Box 59193, Birmingham, AL 35209AL1944-07$516,185,994
18Ohio State University Research Foundation1960 Kenny Rd, Columbus, OH 43210-1063OH1943-04$499,333,385
19Auburn University Foundation317 S College St, Auburn, AL 36849-5149AL1960-07$229,798,905
20Alabama State University Trust For Educational ExcellencePO BOX 271, Montgomery, AL 36101-0271AL1999-07$74,399,578
21Uab Educational Foundation1717 11th Avenue South, Birmingham, AL 35205-4731AL1978-09$14,684,137
22Jacksonville State University Foundation700 Pelham Road North Rock House, Jacksonville, AL 36265AL1980-08$13,275,131
23University Of South Alabama FoundationPO BOX 3148, Mobile, AL 36652-3148AL1968-03$12,998,685
24University Of No Ala FoundationUna Box 5059, Florence, AL 35632-0001AL1981-11$8,817,433
25The Valley Foundation301 Governers Dr Sw 313g, Huntsville, AL 35801-5123AL1976-01$7,733,195
26Alabama High School Athletic AssociationPO BOX 242367, Montgomery, AL 36124-2367AL1952-10$6,420,041
27Alabama High School Of Mathematics And Science Foundation1255 Dauphin St, Mobile, AL 36604-2519AL1990-04$2,338,417
28Opha H Miller In Memory Of Elmer S Miller Charitable FoundationPO BOX 2886, Mobile, AL 36652-2886AL1999-03$950,463
29John C Calhoun State Community College Foundation IncPO BOX 2216, Decatur, AL 35609-2216AL1975-11$405,544
30The Douglas Macarthur State Technical College FoundationPO BOX 1418, Andalusia, AL 36420-1224AL1986-06$52,754
Number of organizations performing similar types of work
Alaska1
Alabama13
Arkansas8
Arizona6
California79
Colorado11
Connecticut7
District of Columbia6
Delaware5
Florida38
Georgia18
Hawaii3
Iowa15
Idaho6
Illinois29
Indiana13
Kansas16
Kentucky17
Louisiana12
Massachusetts19
Maryland10
Maine2
Michigan15
Minnesota17
Missouri7
Mississippi4
Montana5
North Carolina27
North Dakota4
Nebraska5
New Hampshire2
New Jersey12
New Mexico6
Nevada2
New York42
Ohio34
Oklahoma12
Oregon7
Pennsylvania21
Rhode Island6
South Carolina8
South Dakota2
Tennessee8
Texas53
Utah4
Virginia29
Washington10
Wisconsin19
West Virginia6
Wyoming2
International3
Total706

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