Alumni Assoc Of State U Albany
- Assets
- $2.8m
- Revenue
- $769.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Albany, NY
- Founding
- 04/1965
- Data as of
- 08/2022
- EIN
- 14-6032452
Organization Overview
Alumni Assoc Of State U Albany is located in Albany, NY. The organization was established in 1965. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 08/2022, Alumni Assoc Of State U Albany employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alumni Assoc Of State U Albany 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 08/2022, Alumni Assoc Of State U Albany generated $769.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $792.2k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alumni Assoc Of State U Albany has awarded 22 individual grants totaling $439,859. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ALUMNI ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY,INC. IS AN ALUMNI ASSOCIATION WHICH WORKS ACTIVELY AND EFFECTIVELY TO ADVANCE THE INTEREST OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY, ITS FACULTY, STUDENTS AND ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROJECT AND FUNCTIONS ESTABLISHED TO PROMOTE THE UNIVERSITY AND ITS ALUMNI. 17,080 SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee F Serravillo Jr Executive Director | Officer | 37.5 | $216,985 |
Jill Rigney-Delaney '96 President | OfficerTrustee | 1 | $0 |
Stefanos J Marcopoulos '07'08 Vice President | OfficerTrustee | 1 | $0 |
Richelle Konian '95 Immediate Past President | OfficerTrustee | 1 | $0 |
Joseph Bonilla '11 Secretary | OfficerTrustee | 1 | $0 |
Lisa K Fund '05 Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,050 |
| Total Program Service Revenue | $637,996 |
| Investment income | $72,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,061 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $769,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,500 |
| Grants and other assistance to domestic individuals. | $4,057 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,522 |
| Compensation of current officers, directors, key employees. | $68,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,880 |
| Pension plan accruals and contributions | $4,029 |
| Other employee benefits | $32,156 |
| Payroll taxes | $17,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,318 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,856 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,843 |
| Insurance | $0 |
| All other expenses | $51,118 |
| Total functional expenses | $792,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,113 |
| Savings and temporary cash investments | $28,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,025 |
| 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 | $43,194 |
| Net Land, buildings, and equipment | $35,878 |
| Investments—publicly traded securities | $2,624,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,845,860 |
| Accounts payable and accrued expenses | $120,638 |
| Grants payable | $0 |
| Deferred revenue | $131,657 |
| 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 | $169,202 |
| Total liabilities | $421,497 |
| Net assets without donor restrictions | $2,282,238 |
| Net assets with donor restrictions | $142,125 |
| 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 | $2,845,860 |
Grants Awarded
Over the last fiscal year, Alumni Assoc Of State U Albany has awarded $158,984 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SUNY ALBANY PURPOSE: CAPITAL CAMPAIGN | $60,992 |
SUNY ALBANY PURPOSE: CAPITAL CAMPAIGN | $60,992 |
Albany, NY PURPOSE: SUPPORT | $10,000 |
Albany, NY PURPOSE: SUPPORT | $10,000 |
Albany, NY PURPOSE: FUND RAISING EVENTS | $8,500 |
Albany, NY PURPOSE: FUND RAISING EVENTS | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alumni Assoc Of State U Albany has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $29,001 |
| Ending Balance | $29,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Syracuse Health Science Center Medical Alumni Foundation Inc Syracuse, NY | $50,640,765 | $25,764,011 |