2026-08-17T16:30:07-05:00 2025-09-30 454084437 WARREN AVERETT LLC 2500 ACTON ROAD BIRMINGHAM AL 35243 990 2024-10-01 636067755 TROY UNIVERSITY FOUNDATION TROY 3346703000 ADAMS ADMINISTRATION BLDG 241 TROY STATE UNIVERSITY AL 36082 DR JAMES BOOKOUT TREASURER 3346703000 2026-08-14 1 1 MEGAN RANDOLPH P00989558 2059794100 2026-08-14 2024 2025-03-06 01:10:19Z DR JAMES BOOKOUT ADAMS ADMINISTRATION BLDG 241 TROY STATE UNIVERSITY AL 36082 16865863 0 X WWW.TROY.EDU/DEVELOPMENT/FOUNDATION X 1968 AL SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI 22 22 0 24 98567 92422 8552549 6962469 1924571 1054261 3345733 4710436 1296533 1991914 15119386 14719080 5661267 7106814 0 0 0 0 0 0 20987 3781729 3073793 9442996 10180607 5676390 4538473 223937479 243225288 90810371 100621410 133127108 142603878 TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE. 0 0 8471784 7106814 1560754 SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 14,500 STUDENTS AND 186,500 ALUMNI. 8471784 1 1 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 56 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 X X DR JAMES BOOKOUT 3346703108 ADAMS ADMINISTRATION BUILDING TROY AL 36082 X DR JACK HAWKINS PRESIDENT 1.00 0.00 X X 0 0 0 WILLIAM FILMORE EXECUTIVE VICE PRESIDENT 1.00 0.00 X X 0 0 0 DEBBIE VAUGHN VICE PRESIDENT (BEG 01/25) 1.00 0.00 X X 0 0 0 GREG KNEDLER VICE PRESIDENT (THRU 06/24) 1.00 0.00 X X 0 0 0 JEFFREY COLEMAN CHAIR 1.00 0.00 X X 0 0 0 LARRY HUGHES VICE CHAIR 1.00 0.00 X X 0 0 0 DR JAMES BOOKOUT JR TREASURER 1.00 0.00 X X 0 0 0 JUDGE JACK WEAVER ALUMNI BOARD PRESIDENT (BEG 01/25) 1.00 0.00 X X 0 0 0 ROSEMARY ELEBASH ALUMNI BOARD PRESIDENT (THRU 12/24) 1.00 0.00 X X 0 0 0 BILLY JONES BOARD MEMBER 1.00 0.00 X 0 0 0 CLAUDENE NICHOLS BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID MALLACH BOARD MEMBER 1.00 0.00 X 0 0 0 DOUG MIMS BOARD MEMBER 1.00 0.00 X 0 0 0 HARREL MCKINNEY BOARD MEMBER 1.00 0.00 X 0 0 0 HORACE HORN BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY KERVIN BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN R FERGUSON BOARD MEMBER 1.00 0.00 X 0 0 0 KAREN CARTER BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN WALSH BOARD MEMBER (BEG 06/24) 1.00 0.00 X 0 0 0 LEWIS RUSHING BOARD MEMBER 1.00 0.00 X 0 0 0 DR MANLY JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 DR EARL JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 RANDALL MOORE BOARD MEMBER 1.00 0.00 X 0 0 0 ROY DRINKARD BOARD MEMBER 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 SODEXO MANAGEMENT INC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 CATERING 374710 WRITE STUFF ENTERPRISE 1001 SOUTH ANDREWS AVE FORT LAUDERDALE FL 33316 PUBLISHER 258595 PLAYFLY HOLDINGS LLC 22 CASSATT AVE BERWYN PA 19312 SPORTS MANAGEMENT 249916 NICHECOM 2840 LIBERTY AVENUE SUITE 202 PITTSBURGH PA 15222 CONSULTING 143280 4 183315 635136 6144018 2550 6962469 QUALIFIED SPONSORSHIP REVENUE 900099 832625 832625 INTERNATIONAL STUDY ABROAD 900099 143722 143722 OTHER ATHLETIC REVENUE 900099 42614 42614 REGISTRATION FEES 611710 35300 35300 1054261 2916356 2916356 486560 486560 1024999 53561 971438 971438 98567 872871 3690429 1896349 1794080 1794080 1794080 224296 183315 196873 27423 27423 SPECIAL ASSISTANCE REVENUE 900099 315894 315894 VENDING REVENUE 900099 111827 111827 OTHER REVENUE 900099 78772 78772 506493 14719080 1560754 98567 6097290 5696784 5696784 1410030 1410030 1901 1901 95409 20623 74786 638213 119968 518245 84894 80881 4013 64749 10747 38267 15735 23316 13907 9409 30493 16509 12617 1367 227745 227745 8641 8641 88302 88302 397587 397587 9248 9248 MEALS 537518 343495 194023 FURNITURE & FIXTURES 99137 50156 48981 UBIT EXPENSE 31277 31277 REPAIRS & MAINTENANCE 29082 8200 20882 706281 421672 280724 3885 10180607 8471784 1687836 20987 218339 236012 30862817 33914066 3589600 2676486 318759 178350 6462271 6422235 47643 47736 27060086 5239080 22226513 21821006 159022421 176365445 1189116 1563952 223937479 243225288 1695844 1959826 801579 727442 85818899 95807604 2383547 2126538 110502 0 90810371 100621410 X 42337735 44855665 90789373 97748213 133127108 142603878 223937479 243225288 X 4538473 4773292 165005 X X 0 1 X 1 0 X 9519124 7590351 7446437 8552549 6962469 40070930 9519124 7590351 7446437 8552549 6962469 40070930 1385228 38685702 699383 747648 2312257 3774787 4598662 12132737 304420 294039 301160 162779 125990 1188388 2820575 3843048 4878483 225204 506493 12273803 65665858 2978832 0.58910 0.57090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 2,820,575. 2021 AMOUNT: $ 3,843,048. 2022 AMOUNT: $ 4,878,483. 2023 AMOUNT: $ 146,704. 2024 AMOUNT: $ 78,772. SPECIAL ASSISTANCE REVENUE - 2023 AMOUNT: $ 78,500. 2024 AMOUNT: $ 315,894. VENDING REVENUE - 2024 AMOUNT: $ 111,827. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 8829099 0 0 X X 0 0 218184 229983 1 X 73608931 735779 8223304 1836640 80731374 61060194 1126042 13012831 1590136 73608931 55852674 955163 5975867 1723510 61060194 67935681 708884 -11345509 1446382 55852674 56336770 2091516 10299581 792186 67935681 0.05991 0.94009 0.00000 0 0 101198 1022128 1123326 11761392 147368 11614024 4984899 4853008 131891 361371 238704 122667 8829098 8829098 21821006 X 19907811 4773292 250434 5023726 14884085 -165005 -165005 14719080 10431041 250434 250434 10180607 0 10180607 PART III, LINE 4: THE FOUNDATION HAS COLLECTIONS OF ARTWORK THAT ARE USED TO SUPPORT TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI BY CREATING EDUCATIONAL OPPORTUNITIES AND TO HEIGHTEN UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. TROY UNIVERSITY HAS CREATED AN ART MUSEUM WHERE THESE WORKS OF ART WILL BE DISPLAYED. PART IV, LINE 2B: ALABAMA CODE SECTION 16-13-2 AUTHORIZES STATE INSTITUTIONS TO INVEST ENDOWMENT FUNDS AND FUNDS HELD FOR INVESTMENT. THE FUNDS HELD FOR INVESTMENT POLICY ALLOWS THE UNIVERSITY'S NONOPERATIONAL FUNDS TO BE INVESTED TO EARN A MAXIMUM TOTAL RETURN THAT PRESERVES THE PURCHASING POWER OF NONOPERATIONAL FUNDS HELD FOR INVESTMENT WHILE GENERATING AN INCOME STREAM TO SUPPORT THE NEEDS OF THE UNIVERSITY AND TO MORE CLOSELY CORRELATE THE INVESTMENT STRATEGY THEREIN WITH THE INVESTMENT POLICY OF THE FOUNDATION WITHIN THE CONSTRAINTS OF WHAT IS ALLOWED BY THE CODE OF ALABAMA. THE FUNDS HELD FOR INVESTMENT'S REAL TOTAL RETURN WILL BE SOUGHT FROM AN INVESTMENT STRATEGY THAT PROVIDES AN OPPORTUNITY FOR SUPERIOR TOTAL RETURNS WITHIN ACCEPTABLE LEVELS OF RISK AND VOLATILITY. SUCH INVESTMENT STRATEGY INCLUDES TRANSFERRING A PORTION OF THE FUNDS HELD FOR INVESTMENT TO THE FOUNDATION TO BE INVESTED IN ACCORDANCE WITH ITS INVESTMENT POLICY AS DIRECTED BY ITS STEWARDSHIP COMMITTEE AND APPROVED BY ITS BOARD OF DIRECTORS. AS OF SEPTEMBER 30, 2025, THE UNIVERSITY HAS TRANSFERRED A TOTAL OF $70,000,000 TO THE FOUNDATION FOR INVESTMENT. THE UNIVERSITY'S INVESTMENTS ARE NOT CO-MINGLED WITH THE FOUNDATION'S INVESTMENT POOL. BELOW IS A SUMMARIZATION OF THE UNIVERSITY'S INVESTMENTS HELD BY THE FOUNDATION: BALANCE AT BEGINNING OF YEAR $ 84,723,407 INVESTMENT INCOME 9,762,410 BALANCE AT END OF YEAR $ 94,485,817 CENTER SERVICES, INC. CENTER SERVICES, INC. (CSI) INVESTED $626,700 IN THE FOUNDATION'S POOLED ENDOWMENT. THE CSI FUND RECEIVES AN ALLOCATION OF THE EARNINGS AND LOSSES ON THE POOLED INVESTMENTS ON A QUARTERLY BASIS. THE ACTIVITY OF THIS ENDOWMENT AND ITS BALANCE AS OF SEPTEMBER 30, 2025, IS SUMMARIZED IN THE FOLLOWING SCHEDULE: BALANCE AT BEGINNING OF YEAR $ 877,308 INVESTMENT INCOME 214,496 BALANCE AT END OF YEAR $ 1,091,804 PART V, LINE 4: THE FOUNDATION HAS ADOPTED ENDOWED INVESTMENT AND SPENDING POLICIES THAT ATTEMPT TO PROVIDE A LONG-TERM AVERAGE TOTAL RETURN THAT PRESERVES AND INCREASES THE PURCHASING POWER OF THE FOUNDATION'S ASSETS, WHILE GENERATING INCOME TO SUPPORT THE FOUNDATION'S ACTIVITIES THAT SUPPORT TROY UNIVERSITY. ENDOWMENT ASSETS INCLUDE FUNDS TO SUPPORT DONOR(S) PURPOSES IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, BASED ON THE INVESTMENT OBJECTIVES AND RISK TOLERANCE, THE ASSETS ARE INVESTED 60% IN EQUITIES AND 40% IN DOMESTIC FIXED INCOME AND EXPECTED TO EARN RETURNS OF 4% PLUS THE CPI. PART X, LINE 2: THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. AS OF SEPTEMBER 30, 2025 AND 2024, THE FOUNDATION HAS 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: FUNDRAISING EXPENSES 196,873. RENTAL EXPENSES 53,561. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS FROM PERPETUAL TRUSTS -54,503. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -110,502. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 196,873. RENTAL EXPENSES 53,561. FOOTBALL KICKOFF PARTY 73677 2355 71322 11000 19038 350 691 HIGH SCHOOL SEUS 45650 45650 14022 5430 3745 14 288284 180960 107324 1000 29285 42643 48956 10419 10294 407611 183315 224296 12000 43307 42643 73424 10769 14730 196873 27423 1 TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 5696784 0 NA NA EMINENT SCHOLAR PROFESSORSHIPS AND OTHER EXPENSES 1 0 STUDENT SCHOLARSHIPS 299 1410030 NA NA PART I, LINE 2: THE FOUNDATION PRESIDENT, FOUNDATION VICE PRESIDENT, AND FOUNDATION TREASURER ARE RESPONSIBLE FOR DISBURSEMENTS OF FUNDS. FINAL EXPENDITURE OF FOUNDATION FUNDS REQUIRES THE APPROVAL OF THE FUND ADMINISTRATOR, FOUNDATION ACCOUNTING COORDINATOR, AND DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING FOR DISBURSEMENTS OF $500 OR LESS. FOR DISBURSEMENTS OVER $500, THE APPROVAL OF THE FUND ADMINISTRATOR, DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING, FOUNDATION PRESIDENT, AND FOUNDATION TREASURER IS REQUIRED. FORM 990, PART VI, SECTION A, LINE 2 DR. JAMES BOOKOUT, DR. JACK HAWKINS, AND BRIG. GEN. RICHARD BOUTWELL - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, VICE PRESIDENT, AND SECRETARY OF THE FOUNDATION REVIEWED THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 110,502. BENEFICIAL INTEREST IN TRUSTS 54,503. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SORRELL SOLUTIONS LLC 241 ADAMS ADMINISTRATION BUILDING TROY AL 36079 474977833 ADMINISTRATIVE SERVICES AL 707 28248 TROY UNIVERSITY FOUNDATION