Duke Alumni Association Inc
- Assets
- $792.8k
- Revenue
- $1.5m
- Investments
- $565.3k
- Employees
- 0
- Location
- Durham, NC
- Founding
- 06/1988
- Data as of
- 06/2021
- EIN
- 56-1594088
Organization Overview
Duke Alumni Association Inc is located in Durham, NC. The organization was established in 1988. 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. Duke 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, Duke Alumni Association Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ALUMNI ASSOCIATION OF DUKE UNIVERSITY
Describe the Organization's Program Activity:
DUKE MAGAZINE - PRODUCTION OF 4 ISSUES DISTRIBUTED TO APPROXIMATELY 151,028 ALUMNI AND FRIENDS OF DUKE FOR PURPOSES OF KEEPING ALUMNI INFORMED AND INVOLVED WITH DUKE UNIVERSITY.
TRAVEL PROGRAM AND ALUMNI COLLEGES - CONDUCTING EDUCATIONAL SEMINARS AND PROGRAMS
AFFINITY PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sterly L Wilder Director/president | OfficerTrustee | 0.1 | $0 |
Tallman Trask Director/chairman | OfficerTrustee | 0.1 | $0 |
Scott D Greenwood Treasurer | Officer | 0.1 | $0 |
David S Lindquist Secretary | Officer | 0.1 | $0 |
Mychal D Harrison Director | Trustee | 0.1 | $0 |
David L Kennedy Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,086,624 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,086,624 |
| Total Program Service Revenue | $31,447 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $63,300 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,542,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $76,157 |
| Compensation of current officers, directors, key employees. | $76,157 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,865 |
| Advertising and promotion | $30,047 |
| Office expenses | $3,305 |
| Information technology | $657 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $85 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,388 |
| All other expenses | $0 |
| Total functional expenses | $1,614,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,874 |
| Savings and temporary cash investments | $0 |
| 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 | $38,604 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $173,018 |
| Investments—other securities | $565,289 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $792,785 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $792,785 |
| Total liabilities and net assets/fund balances | $792,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Alumni Association Inc Atlanta, GA | $3,190,672 | $7,936,222 |
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 South Carolina Alumni Association Columbia, SC | $23,424,726 | $5,528,924 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Clemson Alumni Association Clemson, SC | $16,585,557 | $2,139,290 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
The Citadel Alumni Association Charleston, SC | $12,996,112 | $2,040,375 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |
The William & Mary Alumni Association Williamsburg, VA | $17,614,016 | $1,967,274 |
Alpha Tau Omega-Gamma Rho Housing Corporation Franklin, TN | $613,479 | $784,389 |