The William & Mary Alumni Association
- Assets
- $17.6m
- Revenue
- $2.0m
- Investments
- $6.1m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 08/1945
- Data as of
- 06/2022
- EIN
- 54-6054289
Organization Overview
The William & Mary Alumni Association, operating under the name William & Mary Alumni Association, is located in Williamsburg, VA. The organization was established in 1945. 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. William & Mary 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, William & Mary Alumni Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT WILLIAM & MARY AND ITS ALUMNI THROUGH ENGAGEMENT ACTIVITIES AND SERVICES
Describe the Organization's Program Activity:
SIGNATURE EVENTS - WHICH BRINGS FELLOW ALUMNI BACK TOGETHER WITH THEIR ALMA MATER IN FAMILIAR AND NEW SPACES TO RECONNECT, GENERATE IMPACT AND CELEBRATE EACH OTHER. ALUMNI ADMISSION AND LEGACY OUTREACH SPOUSES, PARENTS, CHILDREN AND SIBLINGS SHARE A COMMON IDENTITY THROUGH THE TRIBE AND THE ALUMNI ASSOCIATION WORKS TO FOSTER THESE CONNECTIONS AND HONOR THE POWER OF LEGACY NETWORKS.
AWARDS AND HONORS - ACTIVELY RECOGNIZING OUTSTANDING AND DEDICATED ALUMNI, FACULTY, COACHES AND STUDENTS THROUGH ROBUST AWARDS PROGRAMS THAT RECOGNIZE THE BEST OF THE BEST IN PERPETUITY.
ORDER OF THE WHITE JACKET - PROVIDED 14 ANNUAL SCHOLARSHIPS FOR STUDENTS AT THE UNIVERSITY WORKING IN THE FOOD SERVICE INDUSTRY. THESE SCHOLARSHIPS ARE FUNDED THROUGH A SPECIAL ENDOWMENT.
CHAPTER & REGIONAL ENGAGEMENT - WHICH FOCUSES ON INCREASING ALUMNI ACTIVITY AROUND THE COUNTRY AND INTERNATIONALLY, GROWING THE NUMBER OF ALUMNI CHAPTERS, BROADENING COVERAGE IN KEY METRO AREAS AND INCREASING THE NUMBER OF UNIVERSITY STAFF AND FACULTY TRAVELING TO MEET WITH ALUMNI WHERE THEY LIVE AND WORK.ALUMNAE & AFFINITY GROUP INITIATIVES THAT UNITE ALUMNI AROUND SHARED INTERESTS, EXPERIENCES AND IDENTITIES CREATING STRONGER VALUE DRIVEN NETWORKS THAT BENEFIT EACH OTHER AND THE UNIVERSITY.STUDENT OUTREACH ENGAGING NEW MEMBERS OF THE TRIBE EARLY TO EDUCATION AND TO PROMOTE A DYNAMIC, LONG-LASTING RELATIONSHIP FOR A LIFETIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla S Moreland Immediate Past President | OfficerTrustee | 1 | $0 |
Anna Dinwiddie Hatfield President | OfficerTrustee | 6 | $0 |
Janet Mcnulty Osborn Vice President | OfficerTrustee | 2 | $0 |
David T Scott Secretary | OfficerTrustee | 2 | $0 |
John Cole Scott Treasurer | OfficerTrustee | 2 | $0 |
Marilyn W Midyette CEO | Officer | 40 | $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 | $471,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,081 |
| Total Program Service Revenue | $313,554 |
| Investment income | $848,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,427 |
| Net Rental Income | $15,399 |
| Net Gain/Loss on Asset Sales | $76,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,130 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,967,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,048 |
| Grants and other assistance to domestic individuals. | $46,949 |
| 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 | $30,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,438 |
| Fees for services: Other | $154,249 |
| Advertising and promotion | $1,726 |
| Office expenses | $126,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205 |
| Travel | $17,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,425 |
| Insurance | $26,256 |
| All other expenses | $45,258 |
| Total functional expenses | $1,433,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,448 |
| Savings and temporary cash investments | $282,251 |
| Pledges and grants receivable | $37,206 |
| Accounts receivable, net | $58,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,482 |
| Prepaid expenses and deferred charges | $8,700 |
| Net Land, buildings, and equipment | $92,950 |
| Investments—publicly traded securities | $10,623,405 |
| Investments—other securities | $6,077,903 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,614,016 |
| Accounts payable and accrued expenses | $79,461 |
| Grants payable | $0 |
| Deferred revenue | $40,710 |
| 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 | $15,636 |
| Total liabilities | $135,807 |
| Net assets without donor restrictions | $12,291,554 |
| Net assets with donor restrictions | $5,186,655 |
| 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 | $17,614,016 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The William & Mary Alumni Association has recieved totaling $10,114.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $10,000 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $6,449,376 |
| Earnings | -$246,461 |
| Net Contributions | $132,361 |
| Other Expense | $257,373 |
| Ending Balance | $6,077,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Alumni Assoc Annapolis, MD | $136,310,345 | $26,897,412 |
General Alumni Assoc Chapel Hill, NC | $118,995,183 | $8,416,070 |
North Carolina State University Alumni Association Raleigh, NC | $63,898,145 | $4,644,432 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |
Western Kentucky University Alumni Association Inc Bowling Green, KY | $10,394,906 | $2,845,412 |
The William & Mary Alumni Association Williamsburg, VA | $17,614,016 | $1,967,274 |