General Alumni Association Of The University Of Maine
- Assets
- $5.4m
- Revenue
- $1.2m
- Investments
- $2.1m
- Employees
- 14
- Location
- Orono, ME
- Founding
- 03/1996
- Data as of
- 06/2021
- EIN
- 01-0502306
Organization Overview
General Alumni Association Of The University Of Maine is located in Orono, ME. The organization was established in 1996. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, General Alumni Association Of The University Of Maine employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Alumni Association Of The University Of Maine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, General Alumni Association Of The University Of Maine generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $975.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER RELATIONSHIPS AMONG THE UNIVERSITY OF MAINE AND ITS ALUMNI
Describe the Organization's Program Activity:
UM ALUMNI ASSOCIATION PROMOTES THE UNIVERSITY'S PRESENCE AND MAINTAINS CONTACTS WITH ALUMNI; ENCOURAGES AWARENESS OF THE UNIVERSITY'S ROLE IN THE COMMUNITY AND THE GOALS OF HIGHER EDUCATION. SERVES ALL ALUMNI OF THE UNIVERSITY OF MAINE.
UM ALUMNI CLASS FUNDS MAINTAIN CONTACTS WITH ALUMNI AND PROVIDE VARIOUS SERVICES FOR ALUMNI OF THE UNIVERSITY OF MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Diamond President & CEO | OfficerTrustee | 40 | $108,390 |
Justin Labonte Treasurer | OfficerTrustee | 1 | $0 |
Julia Munsey Chairman | OfficerTrustee | 1 | $0 |
William Beaudoin Director | Trustee | 1 | $0 |
Bob Fitta Director | Trustee | 1 | $0 |
Steven W Hewins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $822,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $945,030 |
| Total Program Service Revenue | $110,247 |
| Investment income | $30,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,039 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,957 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,390 |
| Compensation of current officers, directors, key employees. | $46,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,925 |
| Pension plan accruals and contributions | $24,502 |
| Other employee benefits | $101,352 |
| Payroll taxes | $35,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,148 |
| Fees for services: Accounting | $54,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,328 |
| Advertising and promotion | $0 |
| Office expenses | $3,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,956 |
| Travel | $716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,754 |
| Insurance | $6,168 |
| All other expenses | $5,798 |
| Total functional expenses | $975,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,617 |
| Savings and temporary cash investments | $295,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,609 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,025 |
| Net Land, buildings, and equipment | $10,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,068,640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,662,346 |
| Total assets | $5,381,410 |
| Accounts payable and accrued expenses | $58,673 |
| Grants payable | $0 |
| Deferred revenue | $40,570 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $99,243 |
| Net assets without donor restrictions | $2,973,513 |
| Net assets with donor restrictions | $2,308,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,381,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that General Alumni Association Of The University Of Maine has recieved totaling $122.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $122 |
Endowment Analysis
| Beg. Balance | $1,442,768 |
| Earnings | $450,447 |
| Net Contributions | $6,211 |
| Other Expense | $40,049 |
| Ending Balance | $1,859,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
General Alumni Association Of The University Of Maine Orono, ME | $5,381,410 | $1,158,820 |
Houlton High Schhol Alumni Association Houlton, ME | $3,446,498 | $1,193,413 |
Stevens High School Alumni Association Claremont, NH | $1,766,241 | $238,927 |
Trustees Of Dartmouth College Hanover, NH | $102,835 | $0 |
Camp Runoia Alumnae Organization West Bath, ME | $1,079,398 | $126,412 |
Trustees Of Dartmouth College Hanover, NH | $76,293 | $0 |
Indian And Forest Acres Alumni Scholarship Foundation Fryeburg, ME | $147,459 | $64,864 |
Trustees Of Dartmouth College Hanover, NH | $211,182 | $0 |
Ellsworth High School Alumni Association Ellsworth, ME | $894,873 | $66,998 |
Sanford Alumni Association Sanford, ME | $71,296 | $0 |
Rothesay Netherwood U S Foundation Inc Calais, ME | $26,016 | $0 |
Trustees Of Dartmouth College Hanover, NH | $65,461 | $0 |