Florida State University Alumni Association
- Assets
- $5.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Tallahassee, FL
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 59-0705420
Organization Overview
Florida State University Alumni Association is located in Tallahassee, FL. The organization was established in 2014. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Florida State University Alumni Association employed 29 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Florida State University 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 06/2021, Florida State University Alumni Association generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.3m 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 BUILD A NETWORK OF ALUMNI AND FRIENDS AND SUSTAIN MEANINGFUL RELATIONSHIPS ON BEHALF OF FLORIDA STATE UNIVERSITY. THIS VISION IS ACCOMPLISHED THROUGH ENGAGING ALUMNI AND FRIENDS VIA PROGRAMS AND SERVICES THAT FOSTER PRIDE AND ENHANCE A LIFELONG CONNECTION TO FLORIDA STATE UNIVERSITY.
Describe the Organization's Program Activity:
PROVIDE SUPPORT FOR PROGRAMMING EVENTS. THE ALUMNI ASSOCIATION COORDINATES AND PROMOTES VARIOUS EVENTS THROUGHOUT THE YEAR FOR THE PURPOSE OF ENGAGING ALUMNI, SEMINOLE CLUBS, AFFILIATE GROUPS, AND STUDENTS OF FLORIDA STATE UNIVERSITY.
PUBLICATION OF VIRES, THE OFFICIAL MAGAZINE OF THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION. THIS MAGAZINE IS DISTRIBUTED TWICE A YEAR TO ALL MEMBERS AND HIGHLIGHTS SEMINOLE STORIES, FSU NEWS AND ASSOCIATION UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dazi Lenoir Vice Chair | OfficerTrustee | 1 | $0 |
Julie Decker President And CEO | OfficerTrustee | 40 | $0 |
Scott Wiegand Chair-Elect | OfficerTrustee | 1 | $0 |
Altony Lee III Secretary | OfficerTrustee | 1 | $0 |
B Dan Berger Chair | OfficerTrustee | 1 | $0 |
Sam Ambrose Immediate Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $509,864 |
| Fundraising events | $0 |
| Related organizations | $2,000,578 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,801,101 |
| Total Program Service Revenue | $3,412 |
| Investment income | $26,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,695 |
| Net Gain/Loss on Asset Sales | $357,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,503,983 |
| 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. | $218,331 |
| Compensation of current officers, directors, key employees. | $174,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,019,224 |
| Pension plan accruals and contributions | $91,229 |
| Other employee benefits | $222,987 |
| Payroll taxes | $83,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,327 |
| Fees for services: Other | $53,223 |
| Advertising and promotion | $72,337 |
| Office expenses | $176,764 |
| Information technology | $59,194 |
| Royalties | $0 |
| Occupancy | $55,450 |
| Travel | $410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,920 |
| Interest | $0 |
| Payments to affiliates | $25,714 |
| Depreciation, depletion, and amortization | $1,476 |
| Insurance | $36,379 |
| All other expenses | $110 |
| Total functional expenses | $2,251,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $605,154 |
| Pledges and grants receivable | $40,480 |
| Accounts receivable, net | $27,499 |
| 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 | $18,636 |
| Net Land, buildings, and equipment | $64,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,424,452 |
| Total assets | $5,180,580 |
| Accounts payable and accrued expenses | $38,264 |
| Grants payable | $0 |
| Deferred revenue | $9,570 |
| 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 | $47,834 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,423,076 |
| Paid-in or capital surplus, or land, building, or equipment fund | $64,359 |
| Retained earnings, endowment, accumulated income, or other funds | $3,645,311 |
| Total liabilities and net assets/fund balances | $5,180,580 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida State University Alumni Association has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Florida State University Foundation Inc Tallahassee, FL PURPOSE: SUPPORT FOR THE ALUMNI ASSOCIATION | $125,000 |
Endowment Analysis
| Beg. Balance | $2,258,008 |
| Earnings | $936,600 |
| Admin Expense | $36,167 |
| Net Contributions | $486,870 |
| Ending Balance | $3,645,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Alumni Association Inc Atlanta, GA | $3,190,672 | $7,936,222 |
University Of Alabama Alumni Assoc Alumni Hall Tuscaloosa, AL | $63,747,922 | $7,156,369 |
University Of Florida Alumni Association Inc Gainesville, FL | $0 | $2,776,539 |
University Of South Florida Alumni Association Inc Tampa, FL | $10,823,849 | $2,834,575 |
Florida State University Alumni Association Tallahassee, FL | $5,180,580 | $3,503,983 |
Itba Alumni Foundation Inc Miami, FL | $3,754 | $1,559,691 |
The Florida A & M University National Alumni Association Inc Tallahassee, FL | $2,980,396 | $1,234,088 |
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 |
Achievement Rewards For College Scientists Foundation Inc Atlanta, GA | $1,483,492 | $454,830 |
University Club Of Winter Park Winter Park, FL | $3,928,655 | $243,531 |
The University Of South Alabama National Alumni Association Inc Mobile, AL | $1,996,523 | $859,340 |