University Of Alabama Medical Alumni Association
- Assets
- $1.7m
- Revenue
- $256.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 12/1980
- Data as of
- 09/2023
- EIN
- 63-0798749
Organization Overview
University Of Alabama Medical Alumni Association is located in Birmingham, AL. The organization was established in 1980. 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 Alabama Medical 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 09/2023, University Of Alabama Medical Alumni Association generated $256.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $286.1k during the year ending 09/2023. 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
THE ASSOCIATION OPERATES EXCLUSIVELY FOR THE WELFARE AND BENEFIT OF THE UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE. THE ASSOCIATION SEEKS TO ASSIST IN THE DEVELOPMENT AND SUPPORT OF A MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN THE UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE AND ITS ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL ALUMNI WEEKEND IS A GATHERING OF UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE ALUMNI FROM AROUND THE WORLD TO RECONNECT, SHARE THEIR ACCOMPLISHMENTS, AND ATTEND LECTURES AND PRESENTATIONS. THROUGHOUT THE YEAR, ADDITIONAL ALUMNI EVENTS AND PROGRAMS ARE HELD TO FOSTER OPPORTUNITIES FOR ALUMNI TO INTERACT WITH EACH OTHER AND THE SCHOOL OF MEDICINE.
THE ASSOCIATION DISTRIBUTES A BI-ANNUAL NEWSLETTER TO ITS MEMBERS THAT PROVIDES UPDATES ON ASSOCIATION OPERATIONS AND EVENTS, HIGHLIGHTS ALUMNI ACCOMPLISHMENTS, PRESENTS REPORTING ON CURRENT ISSUES REGARDING THE MEDICAL PROFESSION, AND INCLUDES A LETTER FROM THE ASSOCIATION PRESIDENT.
THE ASSOCIATION BENEFITS THE STUDENTS OF THE UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE BY SUPPORTING AND HOSTING SEVERAL STUDENT EVENTS. THE ASSOCIATION PROVIDES STUDENTS WITH THE OPPORTUNITY TO INTERACT WITH OTHER STUDENTS AS WELL AS NETWORK WITH ALUMNI. THE ASSOCIATION HOSTS MANY STUDENTS EVENTS THROUGHOUT THE SCHOOL YEAR LIKE PRE-EXAM BREAKFASTS, HAPPY HOURS, LUNCH AND LEARNS AND MORE. THE ASSOCIATION RECENTLY RENOVATED A STUDENT LOUNGE TO PROVIDE MEDICAL STUDENTS AN AREA TO GATHER AND STUDY.
THE ASSOCIATION BENEFITS THE STUDENTS OF THE UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE THROUGH SCHOLARSHIPS AND AWARDS, AND FINANCIAL ASSISTANCE FOR STUDENTS WITH EMERGENCY NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Michael Bivins MD President; Past President (feb 2023) | OfficerTrustee | 0.1 | $0 |
P Michael Caruso MD President-Elect; President (feb 2023) | OfficerTrustee | 0.1 | $0 |
John R Wheat MD Past President (term Ended Feb 2023) | OfficerTrustee | 0.1 | $0 |
Bridget Cobb MD Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
John Donald Kirby MD District Vice President | Trustee | 0.1 | $0 |
Wick Many MD District Vice President | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,381 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,644 |
| Total Program Service Revenue | $39,905 |
| Investment income | $24,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,115 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,267 |
| 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 | $0 |
| 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,147 |
| Information technology | $89 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,561 |
| Insurance | $0 |
| All other expenses | $53,651 |
| Total functional expenses | $286,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,756 |
| Savings and temporary cash investments | $135,299 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,410,550 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,742,908 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $766,771 |
| Net assets with donor restrictions | $976,137 |
| 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 | $1,742,908 |