University Of Delaware Alumni Association Inc
- Assets
- $1.2m
- Revenue
- $276.7k
- Investments
- $891.9k
- Employees
- 0
- Location
- Newark, DE
- Founding
- 05/1959
- Data as of
- 06/2021
- EIN
- 51-6016065
Organization Overview
University Of Delaware Alumni Association Inc is located in Newark, DE. The organization was established in 1959. 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. University Of Delaware Alumni Association Inc 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 06/2021, University Of Delaware Alumni Association Inc generated $276.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $93.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF DELAWARE ALUMNI ASSOCIATION IS PROUDLY DEDICATED TO ENGAGING OUR ALUMNI COMMUNITY BY FOSTERING A LIFELONG LOYALTY AND COMMITTMENT TO THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIP SUPPORT TO UNIVERSITY OF DELAWARE STUDENTS TO RECOGNIZE OUTSTANDING ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Luzier Vice President | OfficerTrustee | 4 | $0 |
Linda Justice Myrick Immediate Past President | OfficerTrustee | 4 | $0 |
Stephen Shallo Secretary | OfficerTrustee | 4 | $0 |
Matthew Lardieri Treasurer | OfficerTrustee | 4 | $0 |
Kerry Orendorf Halbedl President | OfficerTrustee | 4 | $0 |
Carolyn Eaton Quinci Senior Associate Registar | Trustee | 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 | $5,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,747 |
| Total Program Service Revenue | $264,717 |
| Investment income | $6,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,786 |
| 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 | $5,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,256 |
| 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 | $2,427 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $165 |
| Total functional expenses | $93,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $337,042 |
| 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 | $0 |
| Investments—other securities | $891,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,228,892 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $95,000 |
| 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 | $95,000 |
| Net assets without donor restrictions | $1,133,892 |
| 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 | $1,228,892 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Of Delaware Alumni Association Inc has recieved totaling $1,653.
| Awarding Organization | Amount |
|---|---|
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $553 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $503,388 |
| Earnings | $238,462 |
| Net Contributions | $150,000 |
| Ending Balance | $891,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Thaddeus Stevens Foundation Lancaster, PA | $7,318,571 | $3,742,597 |
Rowan University Alumni Association Glassboro, NJ | $0 | $183,589 |
Trustees Of Princeton University Princeton, NJ | $6,259,152 | $1,957,263 |
Medical Alumni Association Of The University Of Maryland Inc Baltimore, MD | $3,956,640 | $1,660,288 |
National Football League Alumni Inc Mount Laurel, NJ | $1,488,395 | $1,368,531 |
Princeton Project 55 Inc Princeton, NJ | $3,745,951 | $1,058,122 |
National Taiwan Univ Schl Of Pharm Alumni Assoc In North Amer Inc New Britain, PA | $777,638 | $702,875 |
Associated Alumni Of The Central High School Of Philadelphia Philadelphia, PA | $13,053,270 | $1,268,335 |