East Carolina University Alumni Association Inc
- Assets
- $4.3m
- Revenue
- $642.1k
- Investments
- $519.6k
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 11/1971
- Data as of
- 06/2022
- EIN
- 23-7148126
Organization Overview
East Carolina University Alumni Association Inc is located in Greenville, NC. The organization was established in 1971. 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. East Carolina 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, East Carolina University Alumni Association Inc generated $642.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $336.5k during the year ending 06/2022. 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
TO INFORM, INVOLVE AND SERVE MEMBERS OF THE ECU FAMILY THROUGHOUT THEIR LIFELONG RELATIONSHIP WITH THE UNIVERSITY THROUGH THE PROMOTION OF GOODWILL AND RECOGNITION OF STUDENTS AND ALUMNI.
Describe the Organization's Program Activity:
ALUMNI EVENTS - THE ASSOCIATION HOSTS A VARIETY OF EVENTS, PROGRAMS AND SERVICES FOR ALUMNI AND FRIENDS LOCALLY AND REGIONALLY TO ENGAGE ALUMNI IN THE LIFE OF THE UNIVERSITY. EVENTS INCLUDE, BUT ARE NOT LIMITED TO, ATHLETICS-RELATED EVENTS, ALUMNI CHAPTER EVENTS, REUNIONS, CAREER PROGRAMS, ALUMNI RECEPTIONS AND STUDENT EVENTS.
SCHOLARSHIPS AND RECOGNITION OF ACHIEVEMENT - THE ASSOCIATION PROVIDES SCHOLARSHIPS TO STUDENTS ENROLLED AT EAST CAROLINA UNIVERSITY. ANNUALLY, THE ASSOCIATION RECOGNIZES OUTSTANDING ALUMNI FOR VARIOUS ACCOMPLISHMENTS, SUCH AS SERVICE TO BOTH EAST CAROLINA UNIVERSITY AND THEIR COMMUNITIES, LEADERSHIP, AND CONTRIBUTIONS TO THEIR PROFESSIONS. THE ASSOCIATION ALSO RECOGNIZES OUTSTANDING FACULTY AT EAST CAROLINA UNIVERSITY.
MARKETING AND COMMUNICATION - THE ASSOCIATION SERVES AS A CENTER OF COMMUNICATIONS FOR ALUMNI, PARENTS, STUDENTS AND FACULTY, USING A VARIETY OF MEDIA, INCLUDING PRINT, ONLINE, MOBILE, AND VIDEO. THE ASSOCIATION PROVIDES INFORMATION TO ALUMNI ABOUT EVENTS, ACTIVITIES, UNIVERSITY AND ALUMNI ASSOCIATION NEWS, AND OTHER OPPORTUNITIES THROUGH THESE PLATFORMS. THE MARKETING & COMMUNICATIONS TEAM FURTHER COORDINATES OTHER PROGRAMS, INCLUDING AFFINITY PROGRAMS AND OTHER SPECIAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Spain IV Chair | OfficerTrustee | 1 | $0 |
Karla F Jones Vice Chair | OfficerTrustee | 1 | $0 |
Robert E Cherry Secretary | OfficerTrustee | 1 | $0 |
Scott E Francis President & CEO | OfficerTrustee | 40 | $0 |
Keith L Frazier II Treasurer | OfficerTrustee | 1 | $0 |
Sheridan A Barnes Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,146 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,048 |
| Noncash contributions included in lines 1a–1f | $28,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,194 |
| Total Program Service Revenue | $121,312 |
| Investment income | $193,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,810 |
| 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 | $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 | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,939 |
| Advertising and promotion | $31,157 |
| Office expenses | $56,177 |
| Information technology | $1,039 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,046 |
| All other expenses | $7,037 |
| Total functional expenses | $336,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,737 |
| 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 | $11,529 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,420,233 |
| Investments—other securities | $519,594 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,275 |
| Total assets | $4,254,368 |
| Accounts payable and accrued expenses | $15,180 |
| Grants payable | $0 |
| Deferred revenue | $3,438 |
| 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 | $18,618 |
| Net assets without donor restrictions | $2,607,021 |
| Net assets with donor restrictions | $1,628,729 |
| 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 | $4,254,368 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that East Carolina University Alumni Association Inc has recieved totaling $1,124.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
W Russell And Patricia Davis Duke Foundation Inc Greenville, NC PURPOSE: UNRESTRICTED, EDUCATIONAL | $250 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Endowment Analysis
| Beg. Balance | $1,576,981 |
| Earnings | -$141,215 |
| Admin Expense | $14,075 |
| Net Contributions | $41,219 |
| Other Expense | -$16,136 |
| Grants | $35,242 |
| Ending Balance | $1,443,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Alumni Association Charlottesville, VA | $556,619,387 | $55,406,167 |
Georgia Tech Alumni Association Inc Atlanta, GA | $3,190,672 | $7,936,222 |
General Alumni Assoc Chapel Hill, NC | $118,995,183 | $8,416,070 |
North Carolina State University Alumni Association Raleigh, NC | $63,898,145 | $4,644,432 |
University Of South Carolina Alumni Association Columbia, SC | $23,424,726 | $5,528,924 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Clemson Alumni Association Clemson, SC | $16,585,557 | $2,139,290 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
The Citadel Alumni Association Charleston, SC | $12,996,112 | $2,040,375 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |
The William & Mary Alumni Association Williamsburg, VA | $17,614,016 | $1,967,274 |