Indiana University Alumni Association Inc
- Assets
- $31.5m
- Revenue
- $10.1m
- Investments
- $13.9m
- Employees
- 58
- Location
- Bloomington, IN
- Founding
- 11/1980
- Data as of
- 06/2022
- EIN
- 23-7056162
Organization Overview
Indiana University Alumni Association Inc is located in Bloomington, IN. The organization was established in 1980. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2022, Indiana University Alumni Association Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Alumni Association Inc 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, Indiana University Alumni Association Inc generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE IUAA ACTIVATES A GLOBAL ALUMNI NETWORK OF OVER 750,000 TO SERVE INDIANA UNIVERSITY AND EACH OTHER.
Describe the Organization's Program Activity:
PROVIDE PROGRAMS, ACTIVITIES, COMMUNICATIONS AND SERVICES TO GENERAL ALUMNI BODY, ALUMNI COMMUNITIES, CONSTITUENT SOCIETIES AND AFFILIATE GROUPS. PARTICULARLY FOCUSED ON PROVIDING CAREER, PROFESSIONAL, AND PERSONAL DEVELOPMENT OPPORTUNITIES IN PROGRAMMING, NETWORKING, AND CAREER COACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas Forbes End 1231 Chief Executive Officer | OfficerTrustee | 40 | $407,460 |
Patricia J Riveire Beg 51 Chief Executive Officer | OfficerTrustee | 40 | $140,213 |
Kelly Carnahan Exec Dir Alumni Mkt And Ass. P | 40 | $101,558 | |
Sarah Pike Exec Director Of Finance | Officer | 40 | $94,732 |
Jeannie Sager Chair Elect | OfficerTrustee | 10 | $0 |
Josh Kornberg Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Lane Press Printing | 6/29/20 | $107,732 |
Laplaya Beach Resort Room Rental/catering | 6/29/20 | $181,182 |
Indiana University Foundation Tech/advance Offices | 6/29/20 | $574,378 |
The Lane Press Printing | 6/29/20 | $107,732 |
Indiana Memorial Union Room Rental/catering | 6/29/20 | $267,573 |
Indiana University Foundation Tech/advance Offices | 6/29/20 | $574,378 |
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 | $7,604,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,604,486 |
| Total Program Service Revenue | $888,769 |
| Investment income | $1,026,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $477,565 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,377 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,109,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,702,099 |
| 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. | $762,895 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,341,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,868 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,520 |
| Fees for services: Other | $387,143 |
| Advertising and promotion | $317,192 |
| Office expenses | $125,336 |
| Information technology | $57,950 |
| Royalties | $0 |
| Occupancy | $110,140 |
| Travel | $275,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,079,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,762 |
| Insurance | $55,555 |
| All other expenses | $0 |
| Total functional expenses | $9,643,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612 |
| Savings and temporary cash investments | $542,130 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $681,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,754 |
| Prepaid expenses and deferred charges | $171,764 |
| Net Land, buildings, and equipment | $1,104,832 |
| Investments—publicly traded securities | $10,485,911 |
| Investments—other securities | $13,899,928 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,562,578 |
| Total assets | $31,479,674 |
| Accounts payable and accrued expenses | $432,441 |
| Grants payable | $0 |
| Deferred revenue | $35,747 |
| 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 | $0 |
| Total liabilities | $468,188 |
| Net assets without donor restrictions | $25,850,217 |
| Net assets with donor restrictions | $5,161,269 |
| 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 | $31,479,674 |
Grants Awarded
Over the last fiscal year, Indiana University Alumni Association Inc has awarded $1,704,912 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,681,226 |
Bloomington, IN PURPOSE: LICENSE PLATE | $23,686 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana University Alumni Association Inc has recieved totaling $537.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $437 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $58,359 |
| Earnings | $245 |
| Net Contributions | $1,290 |
| Ending Balance | $59,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana University Alumni Association Inc Bloomington, IN | $31,479,674 | $10,109,353 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Purdue Alumni Association Inc Memorial Union Building West Lafayette, IN | $28,454,716 | $5,513,832 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |
University Of The Philippines Medical Alumni Society In America Lafayette, IN | $12,245,411 | $1,758,364 |
Western Kentucky University Alumni Association Inc Bowling Green, KY | $10,394,906 | $2,845,412 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Miner Alumni Association Rolla, MO | $30,527,609 | $6,968,446 |
Southern Illinois University Carbondale, IL | $8,138,109 | -$879,336 |