College Of Charleston Alumni Association Inc
- Assets
- $647.8k
- Revenue
- $863.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 12/1968
- Data as of
- 06/2022
- EIN
- 57-0760038
Organization Overview
College Of Charleston Alumni Association Inc is located in Charleston, SC. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Charleston 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 06/2022, College Of Charleston Alumni Association Inc generated $863.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $903.0k during the year ending 06/2022. While expenses have increased by 1.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION SHALL BE TO MANIFEST AN INTEREST IN, AND TO PROMOTE THE WELFARE OF, THE COLLEGE OF CHARLESTON AND ITS GRADUATE AFFILIATE, THE UNIVERSITY OF CHARLESTON, S.C.; HEREINAFTER REFERRED TO AS THE COLLEGE OF CHARLESTON.
Describe the Organization's Program Activity:
ALUMNI EVENTS: ALUMNI EVENTS ARE AN INTEGRAL PART OF THE COLLEGE OF CHARLESTON ALUMNI ASSOCIATION'S MISSION TO ENGAGE ALUMNI TO GIVE BACK TO THE COLLEGE. THROUGH A VARIETY OF EVENTS, THE ASSOCIATION PROVIDES THE OPPORTUNITY FOR FELLOWSHIP, CAREER NETWORKING, LIFELONG LEARNING, AND PHILANTHROPY.
ALUMNI CLUBS AND AFFINITY GROUPS: CURRENTLY THE COLLEGE OF CHARLESTON ALUMNI ASSOCIATION HAS MORE THAN 30 REGIONAL CLUBS THROUGHOUT THE UNITED STATES. THESE CLUBS PROVIDE A TANGIBLE CONNECTION BETWEEN THE ALUMNI IN DIFFERENT GEOGRAPHICAL AREAS WITH THE COLLEGE OF CHARLESTON. ALUMNI AFFINITY GROUPS BASED ON CULTURAL AND PROFESSIONAL BACKGROUNDS PROVIDE OPPORTUNITIES FOR ALUMNI TO ENJOY FELLOWSHIP, TO NETWORK WITH EACH OTHER, TO LEARN HOW TO EFFECTIVELY MENTOR STUDENTS, AND TO VOLUNTEER TO BE STUDENT MENTORS. THE ALUMNI CLUBS AND AFFINITY GROUPS PROVIDE LEADERSHIP OPPORTUNITIES AND TRAINING FOR ALUMNI INVOLVED IN THE MANAGEMENT OF THE CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen B Jones Executive Secretary | Officer | 40 | $9,216 |
Devon Wray Hanahan Vice President | OfficerTrustee | 2.5 | $0 |
Derrick L Williams President | OfficerTrustee | 5 | $0 |
Michael R Renault Past President | OfficerTrustee | 5 | $0 |
Randy E Adkins Vice President | OfficerTrustee | 2.5 | $0 |
Laurie Minges Vice President | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,530 |
| Fundraising events | $0 |
| Related organizations | $150,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,060 |
| Total Program Service Revenue | $383,422 |
| Investment income | $1,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,108 |
| 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 | $1,064 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,894 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,550 |
| 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 | $54,987 |
| Advertising and promotion | $28,551 |
| Office expenses | $109,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,315 |
| Travel | $28,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,431 |
| Insurance | $17,762 |
| All other expenses | $0 |
| Total functional expenses | $903,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,412 |
| Savings and temporary cash investments | $73,553 |
| Pledges and grants receivable | $22,860 |
| 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 | $32,585 |
| Prepaid expenses and deferred charges | $11,989 |
| Net Land, buildings, and equipment | $13,368 |
| Investments—publicly traded securities | $324,032 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $647,799 |
| Accounts payable and accrued expenses | $27,612 |
| 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 | $27,612 |
| Net assets without donor restrictions | $677,173 |
| Net assets with donor restrictions | -$56,986 |
| 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 | $647,799 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that College Of Charleston Alumni Association Inc has recieved totaling $150,615.
| Awarding Organization | Amount |
|---|---|
College Of Charleston Foundation Charleston, SC PURPOSE: COLLEGE OF CHARLESTON ALUMNI ASSOCIATION: PER A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE ALUMNI ASSOCIATION OF THE COLLEGE OF CHARLESTON, THE COLLEGE OF CHARLESTON FOUNDATION SHALL PROVIDE AN AGREED UPON AMOUNT OF ANNUAL SUPPORT TO ENHANCE ALUMNI ENGAGEMENT AND PROGRAMS, WITH PAYMENTS DUE AT THE BEGINNING OF EACH QUARTER. THE MOU WAS EXECUTED ON DECEMBER 7, 2012 AND EFFECTIVE RETROACTIVELY TO JULY 1, 2012 FOR A THREE-YEAR PERIOD WITH THE APPROVAL OF THE FOUNDATION BOARD OF DIRECTORS AND THE ALUMNI ASSOCIATION BOARD OF DIRECTORS. THE MOU WAS RENIGOTIATED IN 2015 FOR AN ADDITIONAL THREE YEARS. FOR THE FISCAL YEAR JULY 1, 2019 - JUNE 30, 2022 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $150,000 IN ACCORDANCE WITH THE MOU. | $150,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $314 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $276 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $25 |
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 |
Clemson Alumni Association Clemson, SC | $16,585,557 | $2,139,290 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
The Citadel Alumni Association Charleston, SC | $12,996,112 | $2,040,375 |
College Of Charleston Alumni Association Inc Charleston, SC | $647,799 | $863,894 |
Alumni Association Of Medical University Of Sc Charleston, SC | $506,834 | $476,510 |
Vela Institute Inc Boone, NC | $124,491 | $736,351 |
Georgia State University Alumni Association Inc Atlanta, GA | $2,108,070 | $718,329 |
Georgia College Alumni Association Inc Milledgeville, GA | $9,774,571 | $836,687 |