General Alumni Assoc
- Assets
- $118.3m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Chapel Hill, NC
- Founding
- 11/1968
- Data as of
- 06/2023
- EIN
- 56-6000469
Organization Overview
General Alumni Assoc, operating under the name Unc General Alumni Association, is located in Chapel Hill, NC. The organization was established in 1968. 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, Unc General Alumni Association employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unc General 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 06/2023, Unc General Alumni Association generated $9.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL ALUMNI ASSOCIATION IS DEDICATED TO THE CONTINUING SERVICE OF OUR UNIVERSITY AND OUR ALUMNI. PROMOTE A SPIRIT OF FELLOWSHIP AND LOYALTY AMONG ALUMNI, PROVIDE A CONTINUOUS FLOW OF INFORMATION ON THE UNIVERSITY AND ENCOURAGE UNITED ALUMNI SUPPORT FOR ADVANCEMENT THROUGH OUR PROGRAMS.
Describe the Organization's Program Activity:
ALUMNI PROGRAMS, ACTIVITIES AND EVENTS INCLUDING ALUMNI REUNIONS WITH 3,221 ALUMNI ATTENDING; 54 TOURS WITH 706 ALUMNI ATTENDING; 21 ENRICHMENT EVENTS WITH 374 ALUMNI ATTENDING; 18 OUTREACH EVENTS WITH 1,056 ALUMNI ATTENDING; STUDENT PROGRAMS AND EVENTS WITH 5,109 STUDENTS ATTENDING; ATHLETIC SUPPORTED EVENTS WITH 632 ALUMNI ATTENDING; SUPPORT 85 CLUB EVENTS WITH 225 ALUMNI ATTENDING; ALUMNI CAREER ASSISTANCE PROVIDED FOR 391 ALUMNI.
ALUMNI RECORDS MAINTAINING ARCHIVES AND RECORDS FOR 442,848 ALUMNI INCLUDING 56,341 ADDRESS, NAME, AND INFORMATION CHANGES; PROVIDE REPORTS AND MAILING LABELS FOR ALUMNI PROGRAMS AND ACTIVITIES, UNIVERSITY DEPARTMENTS, AND DEVELOPMENT.
PRODUCTION AND DISTRIBUTION OF 95 PAGE ALUMNI MAGAZINE BI-MONTHLY TO 57,013 MEMBERS, STUDENTS AND FACULTY WHICH INCLUDES NEWS ABOUT THE UNIVERSITY, ALUMNI ASSOCIATION, INDIVIDUAL ALUMNI AS WELL AS INFORMATION ABOUT ALUMNI PROGRAMS AND ACTIVITIES; PRODUCTION AND MAINTENANCE OF THE ASSOCIATION'S WEBSITE WHICH RECEIVED 582,045 VISITS / VISITORS; AND PRODUCTION AND DISTRIBUTION OF AN ELECTRONIC NEWSLETTER MONTHLY TO 176,794 SUBSCRIBERS.
MEMBERSHIP DEVELOPMENT, BENEFITS AND SERVICES TO PROMOTE ALUMNI PROGRAMS, ACTIVITIES AND PUBLICATIONS TO 20,494 ANNUAL MEMBERS AND 42,814 LIFE MEMBERS INCLUDING 3,543 NEW MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Dibbert President | OfficerTrustee | 40 | $145,085 |
W Lowry Caudill Chair | OfficerTrustee | 0 | $0 |
Dana E Simpson Counsel | OfficerTrustee | 0 | $0 |
Paula Brown Stafford First Vice Chair | OfficerTrustee | 0 | $0 |
Algernon Crumpler Second Vice Chair | OfficerTrustee | 0 | $0 |
Dwight M Davidson III Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,452,148 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,516,116 |
| Total Program Service Revenue | $2,124,124 |
| Investment income | $4,841,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $521,616 |
| Net Rental Income | $96,000 |
| Net Gain/Loss on Asset Sales | -$18,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,081,973 |
| 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. | $470,400 |
| Compensation of current officers, directors, key employees. | $94,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,322,845 |
| Pension plan accruals and contributions | $298,660 |
| Other employee benefits | $328,136 |
| Payroll taxes | $195,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,945 |
| Fees for services: Accounting | $31,621 |
| Fees for services: Lobbying | $1,467 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $898,812 |
| Office expenses | $67,164 |
| Information technology | $130,174 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,237 |
| Insurance | $66,554 |
| All other expenses | $179,901 |
| Total functional expenses | $7,083,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,518,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $790,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,183,934 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $252,179 |
| Net Land, buildings, and equipment | $204,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $107,364,531 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,314,670 |
| Accounts payable and accrued expenses | $432,673 |
| Grants payable | $0 |
| Deferred revenue | $705,479 |
| 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 | $1,138,152 |
| Net assets without donor restrictions | $114,992,656 |
| Net assets with donor restrictions | $2,183,862 |
| 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 | $118,314,670 |