Penn State Alumni Association
- Assets
- $83.9m
- Revenue
- $19.4m
- Investments
- $300.0k
- Employees
- 0
- Location
- University Park, PA
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 25-1554003
Organization Overview
Penn State Alumni Association is located in University Park, PA. The organization was established in 2000. 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 a parent organization of an affiliated group for tax-exemption purposes. Penn State 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, Penn State Alumni Association generated $19.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $6.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Penn State Alumni Association has awarded 20 individual grants totaling $8,507,541. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT ALUMNI TO THE UNIVERSITY AND TO EACH OTHER, TO PROVIDE VALUED SERVICES TO MEMBERS, AND TO SUPPORT THE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR ACADEMIC AND OTHER PROGRAMS OF THE PENNSYLVANIA STATE UNIVERSITY.
RECRUITMENT OF ACADEMICALLY QUALIFIED STUDENTS, STUDENT MENTORING PROGRAMS, AND OTHER PROGRAMS DESIGNED TO INVOLVE STUDENTS WITH THE UNIVERSITY UPON GRADUATION.
PRINT AND ELECTRONIC PUBLICATIONS AND OTHER SPECIAL EVENTS TO KEEP ALUMNI INFORMED AND INVOLVED WITH THE UNIVERSITY.
OPERATION OF A NATIONWIDE NETWORK OF ALUMNI CHAPTERS, CONSTITUENT SOCIETIES AND OTHER GROUPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ami Hopkins Alumni Council Member | Trustee | 1 | $0 |
Anand Ganjam Alumni Council Member | Trustee | 1 | $0 |
Andrew J Santacroce Alumni Council Member | Trustee | 1 | $0 |
Asia Smith Alumni Council Member | Trustee | 1 | $0 |
Brian Sielski Alumni Council Member | Trustee | 1 | $0 |
Brian Tobin Alumni Council Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acr Iii Lsc Holdings Llc (Llc Communica Printing And Mailing Services | 6/29/23 | $624,926 |
Strasburg Post Office Postage And Mailing Services | 6/29/23 | $208,075 |
La Live Properties Llc Entertainment Venue And Services | 6/29/23 | $140,000 |
Blackthornio Inc Software Provider | 6/29/23 | $149,280 |
Penn State Sports Properties Llc Advertising And Sponsorship Services | 6/29/23 | $126,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $373,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,850 |
| Total Program Service Revenue | $2,005,798 |
| Investment income | $4,412,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,624,139 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,860,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,414,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $878,605 |
| 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 | $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 | $80,048 |
| Fees for services: Other | $1,943,548 |
| Advertising and promotion | $785,341 |
| Office expenses | $227,917 |
| Information technology | $572,776 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $168,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $568,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,845 |
| Insurance | $0 |
| All other expenses | $963,688 |
| Total functional expenses | $6,212,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,984,353 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $676,781 |
| 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 | $209,280 |
| Net Land, buildings, and equipment | $26,468 |
| Investments—publicly traded securities | $79,514,284 |
| Investments—other securities | $300,000 |
| Investments—program-related | $0 |
| Intangible assets | $16,000 |
| Other assets | $219,649 |
| Total assets | $83,946,815 |
| Accounts payable and accrued expenses | $115,903 |
| Grants payable | $0 |
| Deferred revenue | $1,125,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $219,649 |
| 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 | $651,232 |
| Total liabilities | $2,111,784 |
| Net assets without donor restrictions | $81,835,031 |
| 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 | $83,946,815 |
Grants Awarded
Over the last fiscal year, Penn State Alumni Association has awarded $810,863 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHAPTERS CONSTITUENT SOCIETIES & ALUMNI INTEREST GROUPS (192 AFFILIATES) PURPOSE: OPERATIONS | $455,604 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: ACADEMIC AND OTHER SUPPORT | $355,259 |