Penn State Alumni Association
- Assets
- $16.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Avon, CT
- Founding
- 01/2001
- Data as of
- 06/2022
- EIN
- 20-3099942
Organization Overview
Penn State Alumni Association is located in Avon, CT. The organization was established in 2001. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Penn State Alumni Association 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, Penn State Alumni Association generated $97.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $98.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PRINCIPAL ACCOMPLISHMENT DURING THE YEAR WAS PROVIDING BUS SERVICE TO STUDENTS AS OUTLINED IN PART LLL. ANY NET REVENUE IS DEDICATED TO PROVIDING STUDENT SCHOLARSHIPS. INCOME AND EXPENSE OF THIS BUS SERVICE IS INDICATED BELOW
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Best Treasurer | 3 | $0 | |
Vacant Vice President | 1 | $0 | |
Kate Wiltsie President | 6 | $0 | |
Greg Malone Bus Coordinator | 2 | $0 | |
Lisa Sands Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,959 |
| Total Program Service Revenue | $92,335 |
| Membership dues | $1,655 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,533 |
| Other Revenue | $0 |
| Total Revenue | $97,482 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,746 |
| Other expenses | $84,690 |
| Total expenses | $98,586 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,701 |
| Other assets | $0 |
| Total assets | $16,701 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,701 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn State Alumni Association has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |