Clemson Alumni Association
- Assets
- $16.8m
- Revenue
- $3.2m
- Investments
- $5.3m
- Employees
- 1
- Location
- Clemson, SC
- Founding
- 12/1958
- Data as of
- 06/2023
- EIN
- 57-6026334
Organization Overview
Clemson Alumni Association is located in Clemson, SC. The organization was established in 1958. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Clemson 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, Clemson Alumni Association generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL, SCIENTIFIC AND PROGRAMMATIC PURPOSES; TO SERVE ALUMNI IN PURSUIT OF THEIR CAREERS, RECOGNIZE THEIR ACCOMPLISHMENTS, PERPETUATE THEIR AFFECTION FOR CLEMSON UNIVERSITY, ENCOURAGE THEIR SUPPORT FOR ITS PROGRAMS, DEVELOPMENT, ATTRACT STUDENTS, AND FOSTER THE SENSE OF RESPONSIBILITY AMONG ALUMNI FOR UNIVERSITY SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALUMNI ENGAGEMENT - INVOLVE CLEMSON UNIVERSITY ALUMNI IN THE LIFE OF THE UNIVERSITY AND ITS STUDENTS WITH A GOAL OF CONTINUED CONNECTION AND SUPPORT OF THE UNIVERSITY. PROVIDE SUPPORT SERVICES TO INDIVIDUAL ALUMNI AND ALUMNI CHAPTERS AND GROUPS VIA NETWORKING, JOB FAIRS, AND TARGETED EVENTS, ACCOMPLISHED THROUGH ORGANIZED COMMUNICATION, MARKETING, AND OTHER SUPPORT INITIATIVES.
ALUMNI EVENTS - ALUMNI ARE CONNECTED BY NUMEROUS AND VARIOUS ORGANIZED EVENTS INCLUDING THOSE RECOGNIZING OUTSTANDING ALUMNI VOLUNTEERS, HALLMARK CLASS REUNIONS SUCH AS THE 50TH REUNION, SEMI-ANNUAL CLASS RING CEREMONY FOR CURRENT STUDENTS/SOON-TO-BE ALUMNI AND THEIR FAMILIES, REGIONAL ALUMNI EVENTS, AND EVENTS COORDINATED IN CONJUNCTION WITH CLEMSON UNIVERSITY ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Duckworth President | OfficerTrustee | 1 | $0 |
Deb Conklin President-Elect | OfficerTrustee | 1 | $0 |
Ben Moody Treasurer | OfficerTrustee | 1 | $0 |
Jaletta Smith Secretary | OfficerTrustee | 1 | $0 |
Gregg Morton Director | Trustee | 1 | $0 |
Mark Richardson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Educational Services Llc Event Catering | 6/29/23 | $148,154 |
Clemson University Foundation Administrative Management Fees | 6/29/23 | $142,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,052 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,511 |
| Total Program Service Revenue | $2,254,322 |
| Investment income | $277,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $158,707 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $314,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,197,566 |
| 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. | $115,960 |
| Compensation of current officers, directors, key employees. | $115,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,907 |
| Pension plan accruals and contributions | $8,354 |
| Other employee benefits | $78,471 |
| Payroll taxes | $35,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,658 |
| Fees for services: Accounting | $16,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $284,349 |
| Fees for services: Other | $435,846 |
| Advertising and promotion | $172,138 |
| Office expenses | $76,136 |
| Information technology | $10,662 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,944 |
| 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 | $2,382 |
| Insurance | $65,416 |
| All other expenses | $12,473 |
| Total functional expenses | $3,099,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,734 |
| Savings and temporary cash investments | $322,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,782 |
| 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 | $19,075 |
| Net Land, buildings, and equipment | $5,955 |
| Investments—publicly traded securities | $10,262,810 |
| Investments—other securities | $5,318,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,570 |
| Total assets | $16,840,593 |
| Accounts payable and accrued expenses | $204,198 |
| 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 | $204,198 |
| Net assets without donor restrictions | $16,313,608 |
| Net assets with donor restrictions | $322,787 |
| 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 | $16,840,593 |
Grants Awarded
Over the last fiscal year, Clemson Alumni Association has awarded $138,987 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IPTAY PURPOSE: SUPPORT OF ATHLETIC PROGRAMS | $50,000 |
CLEMSON UNIVERSITY FOUNDATION PURPOSE: FUNDING FOR SCHOLARSHIP | $51,676 |
DISTRICT FOXTROT OF THE CLEMSON ALUMNI ASSOCIATION PURPOSE: SUPPORT OPERATIONS | $37,311 |