University Of Kentucky Alumni Association Inc
- Assets
- $30.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1979
- Data as of
- 06/2021
- EIN
- 61-0419015
Organization Overview
University Of Kentucky Alumni Association Inc is located in Lexington, KY. The organization was established in 1979. 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. University Of Kentucky 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, University Of Kentucky Alumni Association Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 3 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF KENTUCKY ALUMNI ASSOCIATION ENGAGES CONNECTS SERVES AND CELEBRATES ALUMNI AND FRIENDS OF THE UNIVERSITY OF KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: MEMBERS PAY DUES AND RECEIVE MEMBERSHIP IN OUR ORGANIZATION. THESE MEMBERSHIPS ALLOW MEMBERS TO RECEIVE OUR KENTUCKY ALUMNI MAGAZINE PARTICIPATE IN ALUMNI SOCIAL EVENTS HAVE ACCESS TO THE PURCHASE OF ATHLETIC TICKETS AND HAVE ACCESS TO OUR ONLINE WEB SITE WHICH HELPS CONNECT ALUMNI FROM ALL OVER THE WORLD. MEMBERS ALSO RECEIVE DISCOUNTS ON PRODUCTS.
COMMUNICATIONS: WE COMMUNICATE WITH OUR MEMBERS IN TWO WAYS. FIRST WE HAVE AN ALUMNI MAGAZINE WHICH IS PUBLISHED QUARTERLY AND SENT TO MEMBERS FREE OF CHARGE. SECOND WE OPERATE AN ONLINE WEB-SITE WHERE MEMBERS CAN ALSO SEE THE MAGAZINE SIGN UP FOR EVENTS LOCATE OTHER ALUMNI AND PURCHASE UK CLOTHING GIFTS AND TICKETS.
PROGRAMS: OUR PROGRAMS INCLUDE SUPPLIES FOR LOCAL CHAPTER EVENTS FEE DOCUMENT PREPARATION MAILING SERVICES FOR CLUB EVENTS HELP WITH SCHOLARSHIP SOLICITATIONS BY CLUBS EVENTS FOR CLUBS STUDENT RECRUITMENT AND CAREER SERVICES FOR ALUMNI. WE HAVE A PROGRAM FOR CHILDREN OF ALUMNI MEMBERS WHERE WE SEND THESE CHILDREN UK GIFTS FOR THEIR BIRTHDAYS. WE ALSO AWARD SCHOLARSHIPS HELP PLAN HOMECOMING AND VARIOUS OTHER ACTIVITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Shelman President | Officer | 1 | $0 |
Antoine Huffman President Elect | Officer | 1 | $0 |
Janie Mckenzie-Wells Treasurer | Officer | 1 | $0 |
Jill Smith Executive Director | Officer | 40 | $0 |
Michelle Allen Board Member | Trustee | 1 | $0 |
Brooke Asbell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,825,155 |
| Investment income | $443,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $214,433 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $981,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,532,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $66,560 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,517,594 |
| 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 | $17,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,843 |
| Fees for services: Other | $0 |
| Advertising and promotion | $312 |
| Office expenses | $648,567 |
| Information technology | $31,071 |
| Royalties | $6,941 |
| Occupancy | $0 |
| Travel | $5,334 |
| 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 | $16,635 |
| Insurance | $17,550 |
| All other expenses | $0 |
| Total functional expenses | $2,664,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,496 |
| Savings and temporary cash investments | $47,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,673 |
| 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 | $91,734 |
| Investments—publicly traded securities | $30,298,246 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,834,060 |
| Accounts payable and accrued expenses | $82,099 |
| Grants payable | $0 |
| Deferred revenue | $26,276 |
| 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 | $108,375 |
| 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 |
| Total liabilities and net assets/fund balances | $30,725,685 |