Alcorn State University Foundation Incorporated is a 501(c)(3) organization based in Lorman, Mississippi, registered in 1975, with $5,218,970 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$5.2M
▼ 4.2% vs prior year
Education median: $200K
Expenses (FY2024)
$4.2M
Net assets
$59.2M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Alcorn State University Foundation Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Alcorn State University Foundation Incorporated: 170 mo reserves · +20% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Alcorn State University Foundation Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Alcorn State University Foundation Incorporated: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $2.5M (FY2013) to $5.2M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
19.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$60.1M
Total liabilities
$878K
Net assets
$59.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,218,970▼4.2% | $4,177,858▲61.1% | $59,221,714▲6.8% | $60,099,539▲6.5% | 990 |
| 2023 | $5,446,055▲2.1% | $2,593,449▲43.6% | $55,435,801▼1.5% | $56,421,072▼0.3% | 990 |
| 2022 | $5,334,604▼80.8% | $1,805,556▼3.1% | $56,255,224▲14.2% | $56,611,434▲12.0% | 990 |
| 2020 | $27,759,787▲418% | $1,862,607▼31.1% | $49,260,773▲125% | $50,539,008▲125% | 990 |
| 2019 | $5,359,624▲588% | $2,702,333▲11.4% | $21,925,726▲14.9% | $22,421,803▲13.4% | 990 |
| 2018 | $778,718▼80.4% | $2,425,713▲45.9% | $19,082,487▼7.9% | $19,767,429▼7.8% | 990 |
| 2017 | $3,969,540▲39.2% | $1,662,607▼16.7% | $20,729,480▲12.5% | $21,440,839▲11.7% | 990 |
| 2016 | $2,852,173▲53.6% | $1,995,418▲7.8% | $18,422,546▲4.9% | $19,190,950▲3.8% | 990 |
| 2015 | $1,857,032▼53.1% | $1,851,163▲21.9% | $17,565,790 | $18,494,894▼0.1% | 990 |
| 2014 | $3,961,071▲59.5% | $1,518,784▼26.7% | $17,559,920▲16.2% | $18,521,366▲19.5% | 990 |
| 2013 | $2,482,910 | $2,071,161▲4.1% | $15,117,633▲2.8% | $15,502,494▲2.9% | 990 |
| 2012 | — | $1,989,068▲24.0% | $14,705,884▲2.0% | $15,061,770▲2.1% | 990 |
| 2010 | — | $1,604,202▲83.7% | $14,423,391▲11.2% | $14,749,669▲11.5% | 990 |
| 2009 | — | $873,317 | $12,969,520 | $13,229,764 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
54 grants to Alcorn State University Foundation Incorporated totaling $31.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $25,513 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2024 | $18,251 |
| American Online Giving Foundation Inc | General support | 2024 | $11,892 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $365,297 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2023 | $77,486 |
| Strada Education Foundation Inc | Operating grant | 2023 | $66,950 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $22,750 |
| American Online Giving Foundation Inc | General support | 2023 | $9,294 |
| National Collegiate Athletic Association | Grants/scholarships | 2022 | $319,008 |
| Central Indiana Community Foundation Inc | Improvements for men's basketball program | 2022 | $100,000 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2022 | $38,400 |
| American Online Giving Foundation Inc | General support | 2022 | $20,160 |
| National Collegiate Athletic Association | Scholarships/grants | 2021 | $338,391 |
| Direct Relief | Fund for health equity | 2021 | $250,000 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2021 | $46,983 |
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Data for Alcorn State University Foundation Incorporated (EIN 64-0538018) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.