Iowa State University Alumni Association
- Assets
- $19.4m
- Revenue
- $3.6m
- Investments
- $16.1m
- Employees
- 61
- Location
- Ames, IA
- Founding
- 12/1975
- Data as of
- 06/2022
- EIN
- 42-6062614
Organization Overview
Iowa State University Alumni Association is located in Ames, IA. The organization was established in 1975. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2023, Iowa State University Alumni Association employed 61 individuals. This organization is the central organization for a national or regional group of organizations. Iowa State University 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, Iowa State University Alumni Association generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE LIFETIME CONNECTION OF ALUMNI, STUDENTS, AND FRIENDS WITH IOWA STATE UNIVERSITY AND EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATION: IOWA STATER MAGAZINE IS PUBLISHED THREE TIMES PER YEAR AND MAILED TO THE ISU ALUMNI ASSOCIATION'S APPROXIMATELY 44,000 MEMBERS. ISU NEWS FLASH IS AN ELECTRONIC NEWSLETTER SENT TO ALL ALUMNI WITH A VALID EMAIL EVERY OTHER WEEK. ADDITIONAL COMMUNICATIONS SERVICES INCLUDE WEBSITES FOR THE ISU ALUMNI ASSOCIATION AND ITS AFFILIATE STUDENT PROGRAMS; THE ONLINE COMMUNITY, WHICH INCLUDES AN ALUMNI DIRECTORY, MOBILE APP, AND AN ANNUAL PRINTED ISU WALL CALENDAR.
CONSTITUENT ENGAGEMENT: HOSTS A VARIETY OF EVENTS, PROGRAMS, AND SERVICES FOR STUDENTS, ALUMNI, AND FRIENDS, LOCALLY AND ACROSS THE NATION TO PROMOTE ENGAGEMENT IN THE LIFE OF THE UNIVERSITY. EVENTS INCLUDE, BUT ARE NOT LIMITED TO, ATHLETIC-RELATED EVENTS, ALUMNI CLUBS, YOUNG ALUMNI PROGRAMS, REUNIONS, AWARDS, VOLUNTEER PROGRAM, ALUMNI RECEPTIONS AND STUDENT EVENTS. OSHER LIFELONG LEARNING INSTITUTE PROVIDES A LEARNING EXPERIENCE FOR THOSE 50 AND OVER. THE STUDENT PROGRAM'S LEADERSHIP GROUP, SALC, IS BROKEN INTO FIVE COMMITTEES: CYCLONE ALLEY, AMBASSADORS, SENIOR CLASS COUNCIL, HOMECOMING, AND EXEC. BETWEEN ALL COMMITTEES, THE ENTIRE STUDENT BODY IS REACHED MANY TIMES DURING THE SCHOOL YEAR.
TRAVEL & BUSINESS DEVELOPMENT: THE ALUMNI ASSOCIATION'S TRAVELING CYCLONES TRAVEL TOURS OFFER EDUCATIONAL AND CULTURAL EXPERIENCES OF A LIFETIME FOR ITS ALUMNI, THEIR FAMILY AND FRIENDS. THE PROGRAM STRENGTHENS ALUMNI LOYALTY AND SUPPORT FOR THE ASSOCIATION AND THE UNIVERSITY IN AN INFORMAL SETTING. BUSINESS DEVELOPMENT INCLUDES BUSINESS PARTNERSHIPS AND AFFINITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Bauer Chair Of Finance | OfficerTrustee | 2 | $0 |
Chad Harris Vice Chair Of Records | OfficerTrustee | 2 | $0 |
Marc Mores Chair | OfficerTrustee | 3 | $0 |
Timothy Quick Immediate Past Chair | OfficerTrustee | 2 | $0 |
Cathy Schmidt Chair-Elect | OfficerTrustee | 4 | $0 |
Dan Bumblauskas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $794,248 |
| Fundraising events | $145,699 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,209,916 |
| Total Program Service Revenue | $765,235 |
| Investment income | $66,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $386,554 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,459 |
| Net Income from Fundraising Events | -$416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,613,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,175 |
| 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. | $523,761 |
| Compensation of current officers, directors, key employees. | $176,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,018,773 |
| Pension plan accruals and contributions | $148,570 |
| Other employee benefits | $279,254 |
| Payroll taxes | $107,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,301 |
| Fees for services: Accounting | $43,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $223,080 |
| Fees for services: Other | $80,674 |
| Advertising and promotion | $362,750 |
| Office expenses | $81,704 |
| Information technology | $70,734 |
| Royalties | $0 |
| Occupancy | $226,763 |
| Travel | $56,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324,765 |
| Interest | $0 |
| Payments to affiliates | $234,614 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,288 |
| All other expenses | $0 |
| Total functional expenses | $3,930,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539 |
| Savings and temporary cash investments | $1,282,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,174,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,008 |
| Prepaid expenses and deferred charges | $63,767 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,131,969 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $679,482 |
| Total assets | $19,372,302 |
| Accounts payable and accrued expenses | $703,868 |
| Grants payable | $0 |
| Deferred revenue | $146,214 |
| 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 | $2,702,140 |
| Total liabilities | $3,552,222 |
| Net assets without donor restrictions | $5,066,716 |
| Net assets with donor restrictions | $10,753,364 |
| 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 | $19,372,302 |