Und Alumni Association And Foundation
- Assets
- $481.2m
- Revenue
- $69.8m
- Investments
- $109.8m
- Employees
- 77
- Location
- Grand Forks, ND
- Founding
- 11/1978
- Data as of
- 06/2022
- EIN
- 45-0348296
Organization Overview
Und Alumni Association And Foundation is located in Grand Forks, ND. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Und Alumni Association And Foundation employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Und Alumni Association And Foundation 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, Und Alumni Association And Foundation generated $69.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $58.7m during the year ending 06/2022. While expenses have increased by 8.9% 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.
Since 2016, Und Alumni Association And Foundation has awarded 70 individual grants totaling $153,548,103. 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
SUPPORT UND STUDENTS, FACULTY, ALUMNI & COMMUNITY BY PROVIDING RESOURCES FOR GROWTH & DEVELOPMENT
Describe the Organization's Program Activity:
STUDENT SUPPORT IS A TOP PRIORITY. IN FY22, THE ORGANIZATION GRANTED OVER $9 MILLION TO THE UNIVERSITY OF NORTH DAKOTA TO BE USED TO AWARD SCHOLARSHIPS TO STUDENTS IN THE FISCAL YEAR. THE STUDENT SUPPORT PRIORITY TO INCREASE ENDOWMENT SUPPORT FOR SCHOLARSHIPS WILL ENABLE THE UNIVERSITY TO RECRUIT AND RETAIN TOP STUDENTS.
THE ORGANIZATION PROVIDED OVER $33 MILLION IN DIRECT AND INDIRECT SUPPORT TO THE UNIVERSITY OF NORTH DAKOTA'S INITIATIVES FOR FACULTY, CAMPUS IMPROVEMENT PROJECTS, STUDENT PROGRAMS AND FOR THE UNIVERSITY'S PRIORITY NEEDS DURING THE PAST FISCAL YEAR.
THE ORGANIZATION PROVIDED OVER $1.6 MILLION IN ALUMNI ASSOCIATION SUPPORT TO THE UNIVERSITY OF NORTH DAKOTA FOR ENGAGEMENT ACTIVITIES THAT INCLUDE HOMECOMING, CHAPTER ACTIVITIES ACROSS THE COUNTRY TO NETWORK WITH FELLOW ALUMNI, THE ALUMNI REVIEW MAGAZINE AND VARIOUS OTHER EVENTS THAT ALLOW FOR GRADUATES TO KEEP CONNECTED AND STAY ENGAGED IN WHAT IS HAPPENING AT THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gray Chair | OfficerTrustee | 1 | $0 |
Jim Poolman Vice Chair | OfficerTrustee | 1 | $0 |
Rick Lee Director | Trustee | 1 | $0 |
Jonathan Holth Director | Trustee | 1 | $0 |
Mike Hamerlik Director | Trustee | 1 | $0 |
Randy Gershman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forum Communications Printing Printing | 6/29/22 | $252,619 |
Blackbaud Inc Software Management | 6/29/22 | $166,651 |
Evertrue Inc Digital Advancement Program Management | 6/29/22 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,152,934 |
| Fundraising events | $364,139 |
| Related organizations | $0 |
| Government grants | $4,794,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,543,579 |
| Noncash contributions included in lines 1a–1f | $8,219,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,855,461 |
| Total Program Service Revenue | $8,618,749 |
| Investment income | $14,346,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $479,925 |
| Net Rental Income | $116,263 |
| Net Gain/Loss on Asset Sales | $432,984 |
| Net Income from Fundraising Events | -$135,275 |
| Net Income from Gaming Activities | $12,825 |
| Net Income from Sales of Inventory | $1,007 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,768,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,183,302 |
| 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. | $581,659 |
| Compensation of current officers, directors, key employees. | $273,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,977,112 |
| Pension plan accruals and contributions | $345,352 |
| Other employee benefits | $496,522 |
| Payroll taxes | $314,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,826 |
| Fees for services: Investment Management | $5,795,327 |
| Fees for services: Other | $1,989,886 |
| Advertising and promotion | $55,676 |
| Office expenses | $451,279 |
| Information technology | $634,573 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $228,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315,480 |
| Interest | $246,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,422 |
| Insurance | $40,841 |
| All other expenses | $303,803 |
| Total functional expenses | $58,663,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,899,636 |
| Pledges and grants receivable | $36,763,224 |
| Accounts receivable, net | $4,885,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,633 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $417,567 |
| Net Land, buildings, and equipment | $17,920,212 |
| Investments—publicly traded securities | $259,514,191 |
| Investments—other securities | $109,772,442 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,010,107 |
| Total assets | $481,213,342 |
| Accounts payable and accrued expenses | $2,237,460 |
| Grants payable | $0 |
| Deferred revenue | $2,370,767 |
| Tax-exempt bond liabilities | $11,550,001 |
| Escrow or custodial account liability | $20,938,254 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,860,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,683,647 |
| Total liabilities | $53,640,284 |
| Net assets without donor restrictions | $45,902,749 |
| Net assets with donor restrictions | $381,670,309 |
| 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 | $481,213,342 |
Grants Awarded
Over the last fiscal year, Und Alumni Association And Foundation has awarded $42,183,302 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH DAKOTA-ATHLETICS PURPOSE: Scholarship, grants and operating support. | $3,663,324 |
UNIVERSITY OF NORTH DAKOTA-COLLEGE OF BUSINESS & PUBLIC ADMIN PURPOSE: Scholarship, grants and operating support. | $29,259,899 |
UNIVERSITY OF NORTH DAKOTA-AEROSPACE SCIENCES PURPOSE: Scholarship, grants and operating support. | $609,297 |
UNIVERSITY OF NORTH DAKOTA-ARTS & SCIENCES PURPOSE: Scholarship, grants and operating support. | $1,149,005 |
UNIVERSITY OF NORTH DAKOTA-EDUCATION & HUMAN DEVELOPMENT PURPOSE: Scholarship, grants and operating support. | $263,596 |
UNIVERSITY OF NORTH DAKOTA-LAW SCHOOL PURPOSE: Scholarship, grants and operating support. | $371,711 |