Rowan University Alumni Association
- Assets
- $0.0
- Revenue
- $183.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Glassboro, NJ
- Founding
- 12/1974
- Data as of
- 05/2018
- EIN
- 23-7132916
Organization Overview
Rowan University Alumni Association is located in Glassboro, NJ. The organization was established in 1974. 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. Rowan University 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 05/2018, Rowan University Alumni Association generated $183.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $1.7m during the year ending 05/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ADVANCEMENT OF THE UNIVERSITY AND ITS ALUMNI BY FOSTERING AND SUSTAINING RELATIONSHIPS AMONG ALUMNI, STUDENTS, FRIENDS, AND THE UNIVERSITY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROWAN UNIVERSITY ALUMNI ASSOCIATION ("THE ASSOCIATION") WAS FOUNDED IN 1924 BY 120 MEMBERS OF THE CHARTER CLASS AT ROWAN UNIVERSITY, THE FORMER GLASSBORO STATE COLLEGE. THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION WHICH REPRESENTS OVER 84,000 ACTIVE ALUMNI WHO LIVE IN ALL 50 STATES, THE DISTRICT OF COLUMBIA AND APPROXIMATELY 35 FOREIGN COUNTRIES. ALL GRADUATES OF ROWAN UNIVERSITY ARE MEMBERS OF THE ASSOCIATION. THE ASSOCIATION SPONSORS SPECIAL EVENTS WHICH BENEFIT CERTAIN UNIVERSITY PROGRAMS OR ACTIVITIES AND ROWAN UNIVERSITY FOUNDATION'S SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Beers Director/president | OfficerTrustee | 0.5 | $0 |
Angelo Pinti Director/vice President | OfficerTrustee | 0.5 | $0 |
Joe Akinskas Director/vice Pres./adj Prof. | OfficerTrustee | 0.5 | $0 |
Melanie Burney Director/vice President | OfficerTrustee | 0.5 | $0 |
John J Zabinski Executive Director-Ru Fdn | Officer | 1 | $0 |
Ronald J Tallarida Dep. Executive Director-Ru Fdn | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,030 |
| Investment income | $17,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,255 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $51,271 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,050 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,721,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Rowan University Alumni Association has awarded $1,669,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Glassboro, NJ PURPOSE: Grants | $1,182,461 |
Glassboro, NJ PURPOSE: Grants | $374,382 |
ROWAN UNIVERSITY PURPOSE: Grants/ programs | $112,282 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Thaddeus Stevens Foundation Lancaster, PA | $7,318,571 | $3,742,597 |
Rowan University Alumni Association Glassboro, NJ | $0 | $183,589 |
Alumni Of The State Univ Of Ny Agri & Tech College At Cobleskill Cobleskill, NY | $10,808,498 | $1,450,996 |