Rutgers Alumni Association
- Assets
- $3.2m
- Revenue
- $111.3k
- Investments
- $3.0m
- Employees
- 1
- Location
- New Brunswick, NJ
- Founding
- 02/1983
- Data as of
- 06/2022
- EIN
- 22-2322725
Organization Overview
Rutgers Alumni Association is located in New Brunswick, NJ. The organization was established in 1983. 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. Rutgers 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, Rutgers Alumni Association generated $111.3k 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 (9.9%) each year. All expenses for the organization totaled $122.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGING ALUMNI, HELPING STUDENTS, CELEBRATING RUTGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS- COSTS ASSOCIATED WITH PRINTING & MAILING "1776" ALUMNI MAGAZINE TO APPROXIMATELY 6,000 MEMBERS & FRIENDS.
OTHER ALUMNI ACTIVITIES- LOYAL SONS & DAUGHTERS AWARDS DINNER, ALUMNI-STUDENT CAREER NETWORKING, COMMUNITY SERVICE AND OUTREACH PROGRAMS, FAMILY DAY, HOMECOMING AND REUNION WEEKENDS & OTHER ACTIVITIES. THESE EVENTS ARE HELD AT VARIOUS TIMES THROUGHOUT THE YEAR.
GRANTS MADE TO VARIOUS RUTGERS UNIVERSITY STUDENT GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Tobin President | OfficerTrustee | 15 | $0 |
Kenneth Kolanko Vice President | OfficerTrustee | 10 | $0 |
Houshang Parsa Vice President | OfficerTrustee | 10 | $0 |
Luis Largo Vice President | OfficerTrustee | 10 | $0 |
Amy Bauer Kihm Corporate Secretary | OfficerTrustee | 10 | $0 |
James O'neill Treasurer | OfficerTrustee | 10 | $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 | $2,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,880 |
| Total Program Service Revenue | $24,484 |
| Investment income | $83,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,767 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $859 |
| All other expenses | $10,324 |
| Total functional expenses | $122,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $158,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,644 |
| 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 | $300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,009,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,176,869 |
| Accounts payable and accrued expenses | $10 |
| 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 | $1,027 |
| Total liabilities | $1,037 |
| Net assets without donor restrictions | $3,175,832 |
| Net assets with donor restrictions | $0 |
| 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 | $3,176,869 |