University Of Massachusetts At Amherst Alumni Association Inc
- Assets
- $6.6m
- Revenue
- $1.1m
- Investments
- $1.5m
- Employees
- 0
- Location
- Amherst, MA
- Founding
- 08/1985
- Data as of
- 06/2022
- EIN
- 04-2128443
Organization Overview
University Of Massachusetts At Amherst Alumni Association Inc is located in Amherst, MA. The organization was established in 1985. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Massachusetts At Amherst Alumni Association Inc 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 06/2022, University Of Massachusetts At Amherst Alumni Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $887.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTERESTS OF THE UNIVERSITY OF MASSACHUSETTS AMHERST THROUGH PROGRAMS, SERVICES AND COMMUNICATIONS THAT DEVELOP AND REINFORCE THE BONDS BETWEEN THE UNIVERSITY AND ITS ALUMNI; TO VALIDATE THE VALUE AND ALUMNI PRIDE IN THE UNIVERSITY ACADEMIC EXPERIENCE; AND TO FACILITATE ACTIVE ALUMNI SUPPORT OF THE UNIVERSITY'S MISSION THROUGH MEMBERSHIP, ADVOCACY AND VOLUNTEERISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM AND EVENTS ARE OFFERED TO ALL ALUMNI AROUND THE WORLD TO PROMOTE FELLOWSHIP AND COLLABORATION AMONG ALUMNI; TO ENLIGHTEN AND ENGAGE MEMBERS OF THE GREATER UNIVERSITY COMMUNITY; AND TO ENHANCE THE ACADEMIC AND PROFESSIONAL DEVELOPMENT OF THE STUDENT AND ALUMNI BODIES.
PROGRAM AND EVENTS ARE OFFERED TO ALL ALUMNI AROUND THE WORLD TO PROMOTE FELLOWSHIP AND COLLABORATION AMONG ALUMNI; TO ENLIGHTEN AND ENGAGE MEMBERS OF THE GREATER UNIVERSITY COMMUNITY; AND TO ENHANCE THE ACADEMIC AND PROFESSIONAL DEVELOPMENT OF THE STUDENT AND ALUMNI BODIES.
UNIVERSITY AND STUDENT RELATIONS INCLUDES SERVICE AND FINANCIAL SUPPORT TO VARIOUS CAMPUS GROUPS TO HELP ENRICH THE ACADEMIC, INTELLECTUAL, CULTURAL AND SOCIAL EXPERIENCE OF THE UNIVERSITY'S STUDENTS.
UNIVERSITY AND STUDENT RELATIONS INCLUDES SERVICE AND FINANCIAL SUPPORT TO VARIOUS CAMPUS GROUPS TO HELP ENRICH THE ACADEMIC, INTELLECTUAL, CULTURAL AND SOCIAL EXPERIENCE OF THE UNIVERSITY'S STUDENTS.
COMMUNICATIONS AND MARKETING INITIATIVES HELP TO KEEP ALUMNI INFORMED, ENGAGED AND INVOLVED WITH THE UNIVERSITY; TO ELEVATE THE UNIVERSITY'S IMAGE ACROSS THE COUNTRY AND SUPPORT ADVOCACY EFFORTS IN THE COMMONWEALTH; AND TO INSTILL PRIDE WITHIN THE GREATER UNIVERSITY COMMUNITY OF STUDENTS, PARENTS, FACULTY, STAFF AND ALUMNI.
COMMUNICATIONS AND MARKETING INITIATIVES HELP TO KEEP ALUMNI INFORMED, ENGAGED AND INVOLVED WITH THE UNIVERSITY; TO ELEVATE THE UNIVERSITY'S IMAGE ACROSS THE COUNTRY AND SUPPORT ADVOCACY EFFORTS IN THE COMMONWEALTH; AND TO INSTILL PRIDE WITHIN THE GREATER UNIVERSITY COMMUNITY OF STUDENTS, PARENTS, FACULTY, STAFF AND ALUMNI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Katarina E Anderson Director | Trustee | 1 | $0 |
Bonnie A Barber Outgoing Director | Trustee | 1 | $0 |
Philip E Bakerman President | OfficerTrustee | 1 | $0 |
Rodney D Byrd Director | Trustee | 1 | $0 |
Thomas P Campbell Vice President | OfficerTrustee | 1 | $0 |
Dennis P Canty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,950 |
| Investment income | $136,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $340,844 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $11,600 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,080,061 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $266,734 |
| Fees for services: Legal | $1,580 |
| Fees for services: Accounting | $25,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,037 |
| Fees for services: Other | $25,231 |
| Advertising and promotion | $0 |
| Office expenses | $44,073 |
| Information technology | $175,414 |
| Royalties | $0 |
| Occupancy | $35,902 |
| Travel | $54,132 |
| 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 | $0 |
| Insurance | $12,116 |
| All other expenses | $0 |
| Total functional expenses | $887,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,194 |
| Savings and temporary cash investments | $267,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,300 |
| Prepaid expenses and deferred charges | $18,064 |
| Investments—publicly traded securities | $4,295,182 |
| Investments—other securities | $1,469,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,634,706 |
| Accounts payable and accrued expenses | $25,408 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $27,908 |
| Net assets without donor restrictions | $5,229,099 |
| Net assets with donor restrictions | $1,377,699 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,606,798 |
Grants Awarded
Over the last fiscal year, University Of Massachusetts At Amherst Alumni Association Inc has awarded $90,143 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MASSACHUSETTS SPORTS PROPERTIES PURPOSE: program sponsorships | $27,563 |
UNIVERSITY OF MASSACHUSETTS PURPOSE: SCHOLARSHIPS | $62,580 |