The Associate Alumnae Of Douglas College
- Assets
- $16.6m
- Revenue
- $986.2k
- Investments
- $10.4m
- Employees
- 9
- Location
- New Brunswick, NJ
- Founding
- 09/1942
- Data as of
- 06/2024
- EIN
- 22-1607270
Organization Overview
The Associate Alumnae Of Douglas College is located in New Brunswick, NJ. The organization was established in 1942. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Associate Alumnae Of Douglas College employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associate Alumnae Of Douglas College 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 06/2024, Associate Alumnae Of Douglas College generated $986.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE AADC DEVELOPS AND PROMOTES CONNECTIONS AMONG DOUGLASS ALUMNAE BY PROVIDING PROGRAMS, SERVICES, NETWORKS AND LIFE-LONG LEARNING (SEE SCHEDULE O FOR DETAILS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVOTED RESOURCES TO ADMINISTRATION AND STEWARDSHIP OF THE DOUGLASS FUND TRUST.
THE ORGANIZATION PROVIDED FINANCIAL SUPPORT FOR 80 AWARDS THROUGH SCHOLARSHIPS, PRIZES AND FUNDING FOR SPECIAL OPPORTUNITIES, AS WELL AS FUNDS TO FILL CRITICAL NEEDS OF THE COLLEGE.
RESOURCES WERE ALLOCATED TO PROVIDING PROGRAMS, SERVICES, NETWORKS, AND LIFE-LONG LEARNING OPPORTUNITIES THAT REPRESENT THE INTERESTS AND NEEDS OF OUR DIVERSE ALUMNAE. THE ORGANIZATION ALSO PROVIDED ADMINISTRATION FOR PUBLIC LECTURES, A CAREER SYMPOSIUM, AND THE ALUMNAE MENTORING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Anderson Executive Director | Officer | 20 | $199,226 |
Susan Wallace VP For Finance And Operations | Officer | 20 | $115,819 |
Tina B Gordon Secretary | OfficerTrustee | 1 | $0 |
Kathi Love Treasurer | OfficerTrustee | 1 | $0 |
Linda Caldwell Epps Member | Trustee | 1 | $0 |
Debra Lynch VP For Alumnae Relations | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berkowitz Lichtstein Kuritsky Gi Legal Services | 6/29/17 | $361,378 |
Ruffalo Noel Levitz Fundraising Consult | 6/29/17 | $148,317 |
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 | $509,558 |
| Noncash contributions included in lines 1a–1f | $41,424 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,558 |
| Total Program Service Revenue | $0 |
| Investment income | $417,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,373 |
| Grants and other assistance to domestic individuals. | $17,269 |
| Grants and other assistance to Foreign Orgs/Individuals | $370 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $401,419 |
| Compensation of current officers, directors, key employees. | $97,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $419,272 |
| Pension plan accruals and contributions | $35,008 |
| Other employee benefits | $69,569 |
| Payroll taxes | $32,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,331 |
| Fees for services: Accounting | $14,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,721 |
| Fees for services: Investment Management | $30,866 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $53,653 |
| Information technology | $37,885 |
| Royalties | $0 |
| Occupancy | $30,262 |
| Travel | $0 |
| 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 | $25,659 |
| Insurance | $25,724 |
| All other expenses | -$553,333 |
| Total functional expenses | $1,106,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,764,404 |
| Pledges and grants receivable | $341,115 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $506,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,366,794 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $644,704 |
| Total assets | $16,623,374 |
| Accounts payable and accrued expenses | $64,773 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $148,847 |
| Total liabilities | $213,620 |
| Net assets without donor restrictions | $4,000,332 |
| Net assets with donor restrictions | $12,409,422 |
| 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 | $16,623,374 |
Grants Awarded
Over the last fiscal year, The Associate Alumnae Of Douglas College has awarded $279,903 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS THE STATE UNIVERSITY OF NEW JERSEY PURPOSE: Student Financial | $169,990 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: Student financial support for students of Douglass Residential College | $109,913 |