University Of South Florida Alumni Association Inc
- Assets
- $10.8m
- Revenue
- $2.8m
- Investments
- $10.5m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 03/1974
- Data as of
- 06/2021
- EIN
- 23-7357236
Organization Overview
University Of South Florida Alumni Association Inc is located in Tampa, FL. 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. University Of South Florida 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 06/2021, University Of South Florida Alumni Association Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE USF ALUMNI ASSOCIATION IS TO FOSTER A MUTUALLY BENEFICIAL, LIFELONG RELATIONSHIP BETWEEN THE UNIVERSITY AND ITS ALUMNI; TO INSPIRE LOYALTY AND PRIDE AMONG CURRENT AND FUTURE ALUMNI; AND TO ADVOCATE FOR EXCELLENCE IN TEACHING, RESEARCH, AND PUBLIC SERVICE.
Describe the Organization's Program Activity:
ASSISTING THE UNIVERSITY OF SOUTH FLORIDA IN MAINTAINING AND ENHANCING THE MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN THE UNIVERSITY AND ITS ALUMNI, AS WELL AS PROVIDING FUNDS FOR SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Usf Alumni Association Associate Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $401,604 |
| Fundraising events | $11,180 |
| Related organizations | $0 |
| Government grants | $395,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,008 |
| Noncash contributions included in lines 1a–1f | $40,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,637 |
| Total Program Service Revenue | $333,272 |
| Investment income | $21,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $336,757 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $653,302 |
| Net Income from Fundraising Events | $18,231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,834,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,500 |
| 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 | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,440 |
| Advertising and promotion | $29,186 |
| Office expenses | $14 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,598 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,908 |
| All other expenses | $39,199 |
| Total functional expenses | $2,355,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,504 |
| Accounts receivable, net | $90,124 |
| 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 | $26,578 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,541,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,582 |
| Total assets | $10,823,849 |
| Accounts payable and accrued expenses | $126,840 |
| Grants payable | $0 |
| Deferred revenue | $2,238,986 |
| 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 | $54,084 |
| Total liabilities | $2,419,910 |
| Net assets without donor restrictions | $6,623,859 |
| Net assets with donor restrictions | $1,780,080 |
| 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 | $10,823,849 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Of South Florida Alumni Association Inc has recieved totaling $11,090.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $90 |
Endowment Analysis
| Beg. Balance | $7,620,930 |
| Earnings | $2,057,967 |
| Net Contributions | $155,497 |
| Ending Balance | $9,834,394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Alumni Association Inc Atlanta, GA | $3,190,672 | $7,936,222 |
University Of Alabama Alumni Assoc Alumni Hall Tuscaloosa, AL | $63,747,922 | $7,156,369 |
University Of Florida Alumni Association Inc Gainesville, FL | $0 | $2,776,539 |
University Of South Florida Alumni Association Inc Tampa, FL | $10,823,849 | $2,834,575 |
Florida State University Alumni Association Tallahassee, FL | $5,180,580 | $3,503,983 |
Itba Alumni Foundation Inc Miami, FL | $3,754 | $1,559,691 |
The Florida A & M University National Alumni Association Inc Tallahassee, FL | $2,980,396 | $1,234,088 |
Georgia State University Alumni Association Inc Atlanta, GA | $2,108,070 | $718,329 |
Georgia College Alumni Association Inc Milledgeville, GA | $9,774,571 | $836,687 |
Achievement Rewards For College Scientists Foundation Inc Atlanta, GA | $1,483,492 | $454,830 |
University Club Of Winter Park Winter Park, FL | $3,928,655 | $243,531 |
The University Of South Alabama National Alumni Association Inc Mobile, AL | $1,996,523 | $859,340 |