ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE (EIN 63-6214769)
Tax period: 2012-08-01 to 2013-07-31
Filed: 2014-05-14
IRS object ID: 201421349349300617
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-14T07:02:51-07:00	Timestamp
Tax Period End Date	2013-07-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BANKS FINLEY WHITE & CO	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	617 37TH STREET SOUTH	AddressLine1
City	BIRMINGHAM	City
State	AL	State
ZIP Code	35222	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-08-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	636214769	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ALABAMA A&M UNIVERSITY TRUST FOR EDUCATIONAL EXCELLENCE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ALAB	NameControl
Phone	2563724776	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 1057	AddressLine1
City	NORMAL	City
State	AL	State
ZIP Code	35762	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ALLEN VITAL	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	2563724776	Phone
Date Signed	2013-12-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JEFFREY WHITE	Name
Phone	2053266660	Phone
Date Prepared	2014-05-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	DR ALLEN VITAL	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1057	AddressLine1
City	NORMAL	City
State	AL	State
ZIP Code	35762	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	4033576	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Trust	X	TypeOfOrganizationTrust
Year Formation	1998	YearFormation
State Legal Domicile	AL	StateLegalDomicile
Activity Or Mission Description	See Part III a	ActivityOrMissionDescription
Nbr Voting Members Governing Body	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	15	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	464598	InvestmentIncomePriorYear
Investment Income Current Year	1005378	InvestmentIncomeCurrentYear
Other Revenue Prior Year	913046	OtherRevenuePriorYear
Other Revenue Current Year	3028198	OtherRevenueCurrentYear
Total Revenue Prior Year	1377644	TotalRevenuePriorYear
Total Revenue Current Year	4033576	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4066188	OtherExpensePriorYear
Other Expenses Current Year	2125645	OtherExpensesCurrentYear
Total Expenses Prior Year	4066188	TotalExpensesPriorYear
Total Expenses Current Year	2125645	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-2688544	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1907931	RevenuesLessExpensesCY
Total Assets BOY	38584516	TotalAssetsBOY
Total Assets EOY	40492447	TotalAssetsEOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	38584516	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	40492447	NetAssetsOrFundBalancesEOY
Mission Description	See Part III a	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2125645	Expense
Description	TO SUPPORT & IMPROVE EDUCATIONAL EXCELLENCE AT ALABAMA A&M UNIVERSITY THROUGH THE FOLLOWING: THE GRANTING OF ACADEMIC SCHOLARSHIPS AT THE UNIVERSITY, ENDOWMENT OF ACADEMIC CHAIRS, THE SUBSIDIZING OF CURRENT FACULTY POSITIONS, AND THE PAYMENT OF FEES & EXPENSE FOR CAMPUS LECTURES & LECTURE SERIES ON THE UNIVERSITY'S CAMPUS	Description
Total Program Service Expense	2125645	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	true	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Employment Tax Returns Filed	false	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	15	NbrVotingGoverningBodyMembers
Number Independent Voting Members	15	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	AL	StatesWhereCopyOfReturnIsFiled
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DR ALLEN VITAL	NamePerson
Telephone Number	2563724776	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 1057	AddressLine1
City	NORMAL	City
State	AL	State
ZIP Code	35762	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
ABDREW HUGINE JR
CHAIRMAN	2.00	X	0	0	0
WENDY KOBLER
VICE CHAIRMAN	2.00	X	0	0	0
CLAYTON GIBSON
TREASURER	2.00	X	0	0	0
JOCELYN BOUSTINI
SECRETATY	2.00	X	0	0	0
KEVIN A ROLLE
REGISTERED AGENT	2.00	X	0	0	0
JEFFREY T BURGIN
MEMBER	2.00	X	0	0	0
BRYAN HICKS
Member	2.00	X	0	0	0
JOHN HACKETT
Member	2.00	X	0	0	0
MR ANDRE TAYLOR
Member	2.00	X	0	0	0
MR JAMES PRUDE
MEMBER	2.00	X	0	0	0
KRESLYN N KELLEY
MEMBER	2.00	X	0	0	0
GENERAL PHIL COKER
MEMBER	2.00	X	0	0	0
MR CHARLES A CUSACK
MEMBER	2.00	X	0	0	0
MS ELIZABETH B MARTIN
MEMBER	2.00	X	0	0	0
MR RAYMOND YOUNG
MEMBER	2	X

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1005378	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	REALIZED AND UNREALIZED GAINS	Description
Business Code	900099	BusinessCode
Total Revenue Column	3028198	TotalRevenueColumn
Related Or Exempt Function Income	3028198	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	3028198	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4033576	TotalRevenueColumn
Related Or Exempt Function Income	4033576	RelatedOrExemptFunctionIncome

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Trustee Fees	85335	85335
Scholarships	1385000	1385000
TRANSFERS	655310	655310

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2125645	Total
Program Services	2125645	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	849113	BOY
EOY	1103775	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	37622603	BOY
EOY	39275872	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	112800	BOY
EOY	112800	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	38584516	BOY
EOY	40492447	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	849113	BOY
EOY	2757044	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	37735403	BOY
EOY	37735403	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	38584516	BOY
EOY	40492447	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	38584516	BOY
EOY	40492447	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	1907931	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Support Org170b1 Aiv	X	CollegeSupportOrg170b1Aiv

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3198110	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2153968	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	56421	CurrentTaxYearMinus2Years
Total	5408499	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3198110	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2153968	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	56421	CurrentTaxYearMinus2Years
Total	5408499	Total

Field	Value	IRS element (for citing)
Public Support Total170	5408499	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1539684	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	922597	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	354248	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	464598	CurrentTaxYearMinus1Year
Current Tax Year	1005378	CurrentTaxYear
Total	4286505	Total

Field	Value	IRS element (for citing)
Total Support	9695004	TotalSupport
Public Support Pertcentage170	0.55790	PublicSupportPertcentage170
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

Schedule D IRS990ScheduleD

Other Securities OtherSecurities (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
U.S. GOVERNMENT OBLIGATIONS	10003561	F
CORPORATE EQUITIES	27407966	F
REAL ESTATE INVESTMENT TRUST	1864345	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	39275872	TotalOfBookValueSecurities

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 19	The trust conflict of interest policy is documented
	in the Alabama A&M University website
Pt VI, Line 8a	All board director meeting held during the year were
	documented and approved by the board.
Pt VI, Line 15a	The CEO serves at the discretion of the board of
	directors all circumstance related to his contract is
	reviewed by the board of directors.
Pt VI, Line 11b	Prior to submitting the 990 return to the IRS the return
	and information is submitted to the Board for review.