The Alumni Association Of The University Of Rhode Island
- Assets
- $7.8m
- Revenue
- $4.1m
- Investments
- $774.7k
- Employees
- 28
- Location
- Kingston, RI
- Founding
- 02/1958
- Data as of
- 06/2018
- EIN
- 05-6015936
Organization Overview
The Alumni Association Of The University Of Rhode Island is located in Kingston, RI. The organization was established in 1958. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2018, Alumni Association Of The University Of Rhode Island employed 28 individuals. Alumni Association Of The University Of Rhode Island 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 06/2018, Alumni Association Of The University Of Rhode Island generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION INFORMS AND ENGAGES CURRENT AND FUTURE ALUMNI AS COMMITTED PARTNERS OF THE UNIVERSITY, ITS MISSIONS AND TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALUMNI ASSOCIATION PROMOTES THE UNIVERSITY'S PRESENCE, MAINTAINS CONTACT WITH ALUMNI AND STUDENTS, AND ENCOURAGES PRIDE AND AWARENESS OF THE UNIVERSITY'S ROLE IN THE COMMUNITY AND THE GOALS OF HIGHER EDUCATION. IT AIMS TO SERVICE ALL ALUMNI AND STUDENTS GLOBALLY BY:1. PROVIDING ENRICHING EVENTS THROUGH AFFINITY AND REGIONAL CHAPTERS THROUGHOUT THE WORLD2. PROVIDING ALUMNI FEATURED SPEAKING EVENTS THROUGHOUT THE COUNTRY3. PROVIDING CAREER NETWORKING AND DEVELOPMENT TO STUDENTS AND ALUMNI4. AWARDING UNRESTRICTED SCHOLARSHIPS TO STUDENTS5. PROVIDING GRANTS TO FACULTY AND UNIVERSITY DEPARTMENTS
THE MISSION OF THE DEPARTMENT OF ATHLETICS IS TO PROVIDE EXPERIENCES THAT ARE CONSISTENT WITH THE MISSION OF THE UNIVERSITY OF RHODE ISLAND AND THE NCAA DIVISION I PHILOSOPHY. THE DEPARTMENT PROVIDES OPPORTUNITIES FOR STUDENTS AND THE LARGER COMMUNITY THAT ENCOURAGES THE PURSUIT OF LIFETIME ACTIVITIES, COMMITMENT, TEAMWORK, COMPETITIVE SUCCESS, THE DEVELOPMENT OF PERSONAL CHARACTER, AND LEADERSHIP SKILLS. WE MAINTAIN AN ENVIRONMENT THAT VALUES INTEGRITY, DIVERSITY, GENDER EQUALITY, HIGH ACADEMIC ACHIEVEMENT, AND SOUND FISCAL MANAGEMENT. ATHLETICS STRIVES TO PROVIDE HIGH QUALITY FACILITIES AND PROGRAMS THAT CULTIVATE AN EXCITING ENVIRONMENT FOR THE UNIVERSITY AND THE COMMUNITY.
THE ALUMNI ASSOCIATION PROVIDES SUPPORT FOR ALUMNI AND STUDENT PROGRAMMING BY PROMOTING AN ALL INCLUSIVE MEMBERSHIP PROGRAM IN AN EFFORT TO BUILD PRIDE AND AWARENESS FOR BOTH ALUMNI AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lowney President | OfficerTrustee | 2 | $0 |
Kathleen O'donnell-White Vice President | OfficerTrustee | 2 | $0 |
Colleen Gouveia Moulton Vice President | OfficerTrustee | 2 | $0 |
Steve Frazier Treasurer | OfficerTrustee | 2 | $0 |
Tom Shevlin Councilor-At-Large | Trustee | 2 | $0 |
Laurel L Bowerman Councilor-At-Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,657,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,699,692 |
| Total Program Service Revenue | $565,586 |
| Investment income | $133,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $140,813 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $486,543 |
| Net Income from Fundraising Events | $13,334 |
| Net Income from Gaming Activities | $29,918 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,071,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $880,348 |
| 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. | $2,660 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $691,936 |
| Pension plan accruals and contributions | $30,564 |
| Other employee benefits | $96,336 |
| Payroll taxes | $55,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,144 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $45,761 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,964 |
| 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 | $15,575 |
| All other expenses | $10,180 |
| Total functional expenses | $4,252,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,297 |
| Savings and temporary cash investments | $353,370 |
| Pledges and grants receivable | $687,165 |
| Accounts receivable, net | $444 |
| 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 | $16,722 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,164,504 |
| Investments—other securities | $774,719 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,757 |
| Total assets | $7,769,978 |
| Accounts payable and accrued expenses | $116,956 |
| Grants payable | $0 |
| Deferred revenue | $30,335 |
| 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 | $319,251 |
| Total liabilities | $466,542 |
| Unrestricted restricted net Assets | $5,943,872 |
| Temporarily restricted net Assets | $1,359,564 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $7,303,436 |
Grants Awarded
Over the last fiscal year, The Alumni Association Of The University Of Rhode Island has awarded $880,348 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF RHODE ISLAND PURPOSE: SCHOLARSHIPS, RES. & STUDENT PROG. | $630,348 |
UNIVERSITY OF RHODE ISLAND FOUNDATION PURPOSE: PROGRAM SUPPORT | $250,000 |