Titusville Alumni Association
- Assets
- $1.3m
- Revenue
- $251.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Titusville, PA
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 25-1778673
Organization Overview
Titusville Alumni Association is located in Titusville, PA. The organization was established in 1998. 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. Titusville 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 12/2021, Titusville Alumni Association generated $251.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $99.8k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TITUSVILLE HIGH SCHOOL ALUMNI ASSOCIATION IS TO HELP GRADUATES USE THEIR TIME, TALENT, AND FINANCIAL RESOURCES TO WORK TOGETHER FOR THE COMMON GOOD OF PRESENT STUDENTS, GRADUATES, THE SCHOOL DISTRICT, AND THE COMMUNITY OF TITUSVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TAA PUBLISHES THE ALUMNI NEWS BI-ANNUALLY WHICH IS MAILED EACH TIME TO APPROXIMATELY 8,500 ALUMNI AND FRIENDS IN ALL 50 STATES AND SEVEN FOREIGN CONTRIES. FUNDS RAISED FROM ALUMNI AND FRIENDS HAVE ALSO BEEN INSTRUMENTAL IN HELPING TO ACCRUE CAPITAL FOR VARIOUS SCHOOL RELATED RENOVATIONS AS WELL AS PROVIDING SCHOLARSHIPS FOR STUDENTS FROM THE TITUSVILLE AREA SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Wig Executive Director | Officer | 20 | $30,000 |
Jim Come Director | OfficerTrustee | 2 | $0 |
Barb Ives President | OfficerTrustee | 2 | $0 |
Angela Stromdahl Secretary | OfficerTrustee | 2 | $0 |
Terry Funk 1st Vice President | OfficerTrustee | 2 | $0 |
Jean Spence School Board Liaison | Officer | 2 | $0 |
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 | $147,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,830 |
| Total Program Service Revenue | $0 |
| Investment income | $72,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,386 |
| Compensation of current officers, directors, key employees. | $15,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,991 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,645 |
| 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 | $99,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,220 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,292,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,333,436 |
| Accounts payable and accrued expenses | $818 |
| 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 | $818 |
| Net assets without donor restrictions | $258,671 |
| Net assets with donor restrictions | $1,073,947 |
| 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 | $1,333,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Titusville Alumni Association has recieved totaling $7,969.
| Awarding Organization | Amount |
|---|---|
Helmer Rabild Charitable Tr Pittsburgh, PA PURPOSE: MAIN ST ELEMENTARY | $7,969 |
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 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
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 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |