German Club Alumni Foundation Incorporated
- Assets
- $7.8m
- Revenue
- $515.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Blacksburg, VA
- Founding
- 08/1978
- Data as of
- 06/2021
- EIN
- 62-1022128
Organization Overview
German Club Alumni Foundation Incorporated is located in Blacksburg, VA. The organization was established in 1978. 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, German Club Alumni Foundation Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Club Alumni Foundation Incorporated 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, German Club Alumni Foundation Incorporated generated $515.1k 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 (4.7%) each year. All expenses for the organization totaled $544.6k during the year ending 06/2021. 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 GERMAN CLUB ALUMNI FOUNDATION, INC. IS ORGANIZED TO SERVE AS THE UNIFYING FORCE TO BRING GERMAN CLUB ALUMNI TOGETHER IN CONTINUING FELLOWHIP TO FOSTER LEADERSHIP FOR SERVICE TO THE GERMAN CLUB, FOR ITS ALUMNI, AND FOR VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY; TO PERPETUATE THE GERMAN CLUB AS A VALUABLE AND VIABLE STUDENT ORGANIZATION; AND TO ENCOURAGE AND SUPPORT THE CLUB AND ALUMNI IN THEIR DEEDS AND SERVICES WHICH GIVES CREDENCE TO THE CLUB'S RITUAL AND CONSTITUTION, THE PRINCIPLES AND CODE OF ETHICS THEY ESPOUSE AND THUS TO THE UNIVERSITY'S MOTTO UT PROSIM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF FACILITIES FOR USE BY UNIVERSITY GROUPS AND OTHER COMMUNITY GROUPS
FOSTERING ALUMNI AND UNIVERSITY RELATIONS
SUPPORT OF UNIVERSITY GROUPS
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy M Yambrick Executive Director | OfficerTrustee | 40 | $72,592 |
Robert Craig Balzer VP Of Facilities | OfficerTrustee | 1 | $0 |
Brian Scott Dunch VP Of Development | OfficerTrustee | 1 | $0 |
David K Glenn VP Of Alumni Relations | OfficerTrustee | 1 | $0 |
Jordan Raynor Dedona VP Of Finance/treasurer | OfficerTrustee | 1 | $0 |
Scott Guichard Board Member | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $350,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,708 |
| Total Program Service Revenue | $83,052 |
| Investment income | $65,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,592 |
| Compensation of current officers, directors, key employees. | $39,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,265 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,155 |
| Fees for services: Accounting | $9,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,041 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,289 |
| Travel | $0 |
| 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 | $138,105 |
| Insurance | $14,842 |
| All other expenses | $4,948 |
| Total functional expenses | $544,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $66,420 |
| Accounts receivable, net | $11,335 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,937,933 |
| Investments—publicly traded securities | $5,329,861 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,821,066 |
| Accounts payable and accrued expenses | $16,648 |
| 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 | $16,648 |
| Net assets without donor restrictions | $6,868,377 |
| Net assets with donor restrictions | $936,041 |
| 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 | $7,821,066 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that German Club Alumni Foundation Incorporated has recieved totaling $13,775.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $13,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $150 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $4,068,743 |
| Earnings | $917,769 |
| Net Contributions | $10,000 |
| Other Expense | $109,300 |
| Ending Balance | $4,887,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Alumni Association Charlottesville, VA | $556,619,387 | $55,406,167 |
United States Naval Academy Alumni Assoc Annapolis, MD | $136,310,345 | $26,897,412 |
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 Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |
Western Kentucky University Alumni Association Inc Bowling Green, KY | $10,394,906 | $2,845,412 |