University Of Virginia Alumni Association
- Assets
- $556.6m
- Revenue
- $55.4m
- Investments
- $390.5m
- Employees
- 117
- Location
- Charlottesville, VA
- Founding
- 02/1930
- Data as of
- 06/2022
- EIN
- 54-0485595
Organization Overview
University Of Virginia Alumni Association is located in Charlottesville, VA. The organization was established in 1930. 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, University Of Virginia Alumni Association employed 117 individuals. This organization is the central organization for a national or regional group of organizations. University Of Virginia 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 Virginia Alumni Association generated $55.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $55.0m during the year ending 06/2022. While expenses have increased by 1.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD THE STRONGEST BOND AMONG ALUMNI AND BETWEEN ALUMNI AND THE UNIVERSITY OF VIRGINIA WHILE REPRESENTING THE INDEPENDENT VOICE AND PERSPECTIVE OF ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, SERVES THE UVA COMMUNITY BY OFFERING FINANCIAL AND ENDOWMENT MANAGEMENT SERVICES. WITH MORE THAN 2,400 ACCOUNTS, THE UVA FUND PROVIDES EFFICIENT AND COST EFFECTIVE SUPPORT FOR OVER 700 STUDENT ORGANIZATIONS, ALUMNI CLUBS,ASSOCIATED ORGANIZATIONS, AND HUNDREDS OF ENDOWMENTS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS UVA. THE ASSOCIATION ALSO MANAGES AND ADMINISTERS NUMEROUS STUDENT SCHOLARSHIPS, AND, THROUGH ITS JEFFERSON TRUST PROGRAM, PROVIDES ANNUAL GRANTS TO PROJECTS THAT ENHANCE THE UNIVERSITY AS A PREEMINENT GLOBAL INSTITUTION OF HIGHER LEARNING.
HOMECOMINGS & REUNIONS - THROUGH A SERIES OF IN-PERSON AND DIGITAL EVENTS HELD THROUGHOUT THE YEAR, THE ASSOCIATION WELCOMES THOUSANDS OF ALUMNI BACK TO UVA IN MEANINGFUL, SOCIAL, AND EDUCATIONAL WAYS THAT STRENGTHEN THE BOND BETWEEN ALUMNI AND THEIR ALMA MATER. ANNUAL REUNIONS WEEKENDS BRINGS ALUMNI BACK BASED ON CLASS YEAR, WHILE OTHER REUNIONS GEARED FOR SPECIFIC DEMOGRAPHIC AND/OR AFFINITY GROUPS PROVIDE UNIQUE OPPORTUNITIES TO RECONNECT WITH THE UNIVERSITY THROUGHOUT A LIFETIME. ADDITIONAL PROGRAMMING INCLUDES SOCIAL AND EDUCATIONAL EVENTS SURROUNDING FOOTBALL GAMES AND MORE THAN 150 STUDENT EVENTS DESIGNED TO BUILD COMMUNITY AND CLASS IDENTITY.
ALUMNI COMMUNICATIONS - THE ASSOCIATION IS A VIBRANT CENTER OF COMMUNICATIONS FOR ALUMNI, PARENTS, STUDENTS AND FACULTY, USING A VARIETY OF MEDIA PLATFORMS. THE ASSOCIATION PROVIDES TIMELY AND ACCURATE COMMUNICATION CHANNELS TO ITS CONSTITUENTS, KEEPING THEM WELL INFORMED AND WELL CONNECTED TO THE UNIVERSITY AND TO ONE ANOTHER. THE ASSOCIATION PUBLISHES THE AWARD-WINNING UVA MAGAZINE, WHICH IS DISTRIBUTED TO ALL ALUMNI, STUDENTS, PARENTS, AND FRIENDS ON A QUARTERLY BASIS. THIS PUBLICATION IS SUPPLEMENTED BY WEBSITES, SOCIAL MEDIA, ELECTRONIC NEWSLETTERS AND VIDEOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Aldige IV Manager | Trustee | 1 | $0 |
Wyatt G Andrews Manager | Trustee | 1 | $0 |
Gregory W Brown Manager | Trustee | 1 | $0 |
Teresa R Dimarco Manager | Trustee | 1 | $0 |
Patricia K Epps Manager | Trustee | 1 | $0 |
Matthew S Erskine Manager | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uva Investment Management Company Investment Management Fees | 6/29/23 | $1,164,132 |
Hahn Gustafson Catering Inc Catering Services | 6/29/23 | $443,549 |
Lane Press Printing Publisher | 6/29/23 | $300,975 |
Martin Horn Inc Renovation | 6/29/23 | $452,413 |
Aramark Service Master Repairs / Maintenance | 6/29/23 | $327,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $333,283 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,073,966 |
| Noncash contributions included in lines 1a–1f | $5,922,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,407,249 |
| Total Program Service Revenue | $6,224,477 |
| Investment income | $650,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,760 |
| Net Rental Income | $97,935 |
| Net Gain/Loss on Asset Sales | -$639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,406,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,959,228 |
| Grants and other assistance to domestic individuals. | $3,932,101 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,195,037 |
| Compensation of current officers, directors, key employees. | $486,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,406,764 |
| Pension plan accruals and contributions | $477,621 |
| Other employee benefits | $704,215 |
| Payroll taxes | $381,978 |
| Fees for services: Management | $272,835 |
| Fees for services: Legal | $52,921 |
| Fees for services: Accounting | $67,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,118,627 |
| Fees for services: Other | $493,937 |
| Advertising and promotion | $84,700 |
| Office expenses | $352,657 |
| Information technology | $284,547 |
| Royalties | $0 |
| Occupancy | $192,814 |
| Travel | $24,779 |
| 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 | $301,221 |
| Insurance | $195,789 |
| All other expenses | $0 |
| Total functional expenses | $55,019,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,393,072 |
| Pledges and grants receivable | $4,150,684 |
| 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 | $220,236 |
| Net Land, buildings, and equipment | $3,541,367 |
| Investments—publicly traded securities | $122,730,932 |
| Investments—other securities | $390,486,032 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,097,064 |
| Total assets | $556,619,387 |
| Accounts payable and accrued expenses | $1,024,037 |
| 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 | $161,390,711 |
| Total liabilities | $162,414,748 |
| Net assets without donor restrictions | $103,492,377 |
| Net assets with donor restrictions | $290,712,262 |
| 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 | $556,619,387 |