University Of Minnesota Alumni Association
- Assets
- $31.7m
- Revenue
- $4.0m
- Investments
- $30.5m
- Employees
- 45
- Location
- Minneapolis, MN
- Founding
- 02/1966
- Data as of
- 06/2022
- EIN
- 41-0637089
Organization Overview
University Of Minnesota Alumni Association is located in Minneapolis, MN. The organization was established in 1966. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2022, University Of Minnesota Alumni Association employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Minnesota 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, University Of Minnesota Alumni Association generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Minnesota Alumni Association has awarded 11 individual grants totaling $1,738,391. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING ALUMNI, STUDENTS, AND FRIENDS IN SUPPORT OF THE UNIVERSITY OF MINNESOTA AND EACH OTHER.
Describe the Organization's Program Activity:
BUILDING UNIVERSITY CONNECTIONS - PROGRAMS AND ACTIVITIES:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION PROVIDES OPPORTUNITIES FOR ALUMNI TO BE AMBASSADORS FOR THE IMPORTANT WORK OF THE UNIVERSITY. THE ASSOCIATION PROVIDES AND PROMOTES PROGRAMS AND ACTIVITIES INCLUDING HOMECOMING EVENTS, SPEAKERS AND PERFORMANCES, SUPPORT OF UNIVERSITY ATHLETIC TEAMS, A GROUP TRAVEL PROGRAM, MENTORING, NETWORKING, AND SOCIAL AND SERVICE OPPORTUNITIES. THE ASSOCIATION ALSO SUPPORTS THE ACTIVIES AND EVENTS OF THE COLLEGIATE ALUMNI SOCIETIES AND GEOGRAPHIC ALUMNI CHAPTERS.
THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION PROVIDES OPPORTUNITIES FOR ALUMNI INVOLVEMENT FOR THE BENEFIT OF THE UNVERSITY AND ITS STUDENTS THROUGH SUCH PROGRAMS AS THE LEGISLATIVE NETWORK, UNIVERSITY ADVOCACY INITIATIVES, STUDENT ORIENTATION AND MENTORING, AND SUPPORT OF SCHOLARSHIPS AND EXCEPTIONAL TEACHING. BY VIRTUE OF THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION'S EFFORTS, UNIVERSITY GRADS HAVE MANY OPPORTUNITIES TO SUPPORT THE IMPORTANT WORK OF THE UNIVERSITY.
PUBLICATIONS AND COMMUNICATIONS:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION BRINGS NEWS ABOUT THE UNIVERSITY AND ALUMNI TO MEMBERS, ALUMNI AND THE PUBLIC THROUGH MULTIPLE MEDIA CHANNELS. THE AWARD-WINNING MINNESOTA MAGAZINE IS SENT TO MEMBERS IN PRINTED FORM AND IS AVAILABLE TO ALUMNI AND THE PUBLIC ONLINE. THE ASSOCIATION ALSO PROVIDES INFORMATION TO ALUMNI ABOUT EVENTS, ACTIVITIES, UNIVERSITY AND ALUMNI ASSOCIATION NEWS, MEMBER BENEFITS AND DISCOUNTS, AND OTHER OPPORTUNITIES THROUGH ALUMNI ANGLE, A WEEKLY ALL-ALUMNI EMAIL NEWSLETTER. THE ASSOCIATION ALSO PROVIDES EXTENSIVE INFORMATION AND UPDATES THROUGH SOCIAL MEDIA AND ON ITS WEB SITE, WWW.UMNALUMNI.ORG.
BUILDING UNIVERSITY CONNECTIONS - ALUMNI SERVICES AND MEMBER BENEFITS:THE ALUMNI ASSOCIATION CONNECTS THE UNIVERSITY OF MINNESOTA'S 509,000 ALUMNI WITH THE UNIVERSITY AND EACH OTHER. ALUMNI SERVICE FUNCTIONS INCLUDE UPDATING CONTACT INFORMATION AND PREFERENCES, PROVIDING ACCESS TO UNIVERSITY DEPARTMENTS AND SERVICES, AND GAUGING ALUMNI INTERESTS AND CONCERNS AND COMMUNICATING THEM TO UNIVERSITY OFFICIALS. THE ASSOCIATION'S 37,000 MEMBERS PROVIDE FINANCIAL SUPPORT FOR ALUMNI SERVICES. THEY RECEIVE MEMBER BENEFITS SUCH AS DISCOUNTS, A MAGAZINE SUBSCRIPTION AND SPECIAL PRICING AND EARLY ACCESS TO EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Lewis President & CEO | OfficerTrustee | 40 | $246,898 |
Mark Jessen Past Chair | Trustee | 1 | $0 |
Scott Wallace Chair | OfficerTrustee | 1 | $0 |
Pat Duncanson Treasurer | OfficerTrustee | 1 | $0 |
Ann Sheldon Chair Elect | OfficerTrustee | 1 | $0 |
Mary Bany Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imodules Software Inc Software | 6/29/19 | $160,937 |
Teuteberg Incorporated Printing | 6/29/19 | $112,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $840,502 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $809,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,901,786 |
| Total Program Service Revenue | $688,964 |
| Investment income | $197,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $552,260 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $187,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,005,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,101 |
| 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. | $679,913 |
| Compensation of current officers, directors, key employees. | $193,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,222,484 |
| Pension plan accruals and contributions | $131,800 |
| Other employee benefits | $192,952 |
| Payroll taxes | $70,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,448 |
| Fees for services: Accounting | $28,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,314 |
| Fees for services: Investment Management | $257,809 |
| Fees for services: Other | $336,873 |
| Advertising and promotion | $33,728 |
| Office expenses | $266,150 |
| Information technology | $203,816 |
| Royalties | $0 |
| Occupancy | $247,192 |
| Travel | $37,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293,216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,331 |
| Insurance | $29,721 |
| All other expenses | $0 |
| Total functional expenses | $4,574,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,935 |
| 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 | $291,480 |
| Net Land, buildings, and equipment | $60,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,546,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,616 |
| Total assets | $31,666,875 |
| Accounts payable and accrued expenses | $180,209 |
| Grants payable | $0 |
| Deferred revenue | $99,407 |
| 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 | $279,616 |
| Net assets without donor restrictions | $30,304,167 |
| Net assets with donor restrictions | $1,083,092 |
| 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 | $31,666,875 |
Grants Awarded
Over the last fiscal year, University Of Minnesota Alumni Association has awarded $232,399 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MINNESOTA PURPOSE: AWARDS AND SCHOLARSHIPS | $91,093 |
UNIVERSITY OF MINNESOTA PURPOSE: COLLEGIATE UNIT ALUMNI RELATIONS | $141,306 |