University Of Southern Mississippi Alumni Association
- Assets
- $2.8m
- Revenue
- $617.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 12/1988
- Data as of
- 06/2021
- EIN
- 64-0763097
Organization Overview
University Of Southern Mississippi Alumni Association is located in Hattiesburg, MS. The organization was established in 1988. 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 Southern Mississippi 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, University Of Southern Mississippi Alumni Association generated $617.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Southern Mississippi Alumni Association has awarded 16 individual grants totaling $537,030. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ALUMNI ASSOCIATION IS TO BENEFIT THE UNIVERSITY OF SOUTHERN MISSISSIPPI, ITS STUDENTS, AND ALUMNI THROUGH UPHOLDING TRADITIONS, SPONSORING ACTIVITIES, EVENTS, AND PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALUMNI ASSOCIATION PRODUCES A QUARTERLY MAGAZINE EACH YEAR. THE MAGAZINE IS MAILED TO ALL PAID MEMBERS OF THE ALUMNI ASSOCIATION AND A FEW OTHERS. THE ASSOCIATION ALSO PRODUCES NUMEROUS OTHER PROGRAMS AND FLIERS FOR VARIOUS EVENTS, SOLICITATION PIECES, AND AN ANNUAL REPORT THAT ARE DISTRIBUTED TO VARIOUS GROUPS.
THE ALUMNI ASSOCIATION HAS A NUMBER OF DONATIONS AND SPONSORSHIPS. THE ASSOCIATION SENDS MONEY TO THE USM FOUNDATION TO SUPPORT THE PARTNERS FOR THE ARTS, FRIENDS FOR GIFTED EDUCATION, DUBARD SCHOOL, SYMPHONY ORCHESTRA, LIBRARY FUND, AND VARIOUS OTHER INITIATIVES. THE ASSOCIATION SENDS MONEY TO THE UNVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION TO SUPPORT THE DUGOUT CLUB, WINGS, AND VARIOUS OTHER INITIATIVES.
THE USM ALUMNI ASSOCIATION CONTRIBUTED FUNDS TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI TO SUPPLEMENT THE UNIVERSITY SALARIES.
OTHER ACTIVITIES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, ITS STUDENTS, AND ALUMNI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Defatta Executive Di | OfficerTrustee | $0 | |
Troy Johnston Vice Preside | OfficerTrustee | $0 | |
Dr Joe Paul President El | OfficerTrustee | $0 | |
Christy Myers President | OfficerTrustee | $0 | |
Adam Roberts Finance Comm | OfficerTrustee | $0 | |
Linda Boutwell-Griffith Baord Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,671 |
| Investment income | $193,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $133,634 |
| Net Rental Income | $3,344 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,672 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,105 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $10,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,677 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,594 |
| Office expenses | $9,337 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $1,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,501 |
| Insurance | $17,425 |
| All other expenses | $0 |
| Total functional expenses | $1,429,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| 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 | $20,174 |
| Prepaid expenses and deferred charges | $1,960 |
| Investments—publicly traded securities | $2,533,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,761,088 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $118,097 |
| 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 | $118,097 |
| 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 | $2,642,991 |
Grants Awarded
Over the last fiscal year, University Of Southern Mississippi Alumni Association has awarded $69,504 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTHERN MISSISSIPPI PURPOSE: SALARY SUPLEMENT | $50,004 |
Hattiesburg, MS PURPOSE: ATHLETIC SUPPORT | $19,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Southern Mississippi Alumni Association has recieved totaling $25,360.
| Awarding Organization | Amount |
|---|---|
University Of Southern Mississippi Foundation Hattiesburg, MS PURPOSE: USM ALUMNI PROGRAMS | $25,360 |
Endowment Analysis
| Beg. Balance | $2,119,879 |
| Earnings | -$194,876 |
| Net Contributions | $70,288 |
| Ending Balance | $1,995,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi Community Education Center Jackson, MS | $16,617,573 | $26,875,315 |
Lsu Alumni Association Baton Rouge, LA | $42,813,688 | $3,814,637 |
University Of Alabama Alumni Assoc Alumni Hall Tuscaloosa, AL | $63,747,922 | $7,156,369 |
Alumni Association Of The University Of Mississippi Oxford, MS | $10,836,240 | $2,076,893 |
Arkansas Alumni Association Inc Fayetteville, AR | $14,561,052 | $2,077,157 |
Mississippi State University Alumni Inc Mississippi State, MS | $2,835,779 | $1,848,662 |
University Of Southern Mississippi Alumni Association Hattiesburg, MS | $2,761,088 | $617,105 |
Alpha Tau Omega-Gamma Rho Housing Corporation Franklin, TN | $613,479 | $784,389 |
University Of Louisiana At Lafayette Alumni Association Inc Lafayette, LA | $1,882,669 | $358,222 |
Boys And Girls Clubs Of Mccomb Mccomb, MS | $804,158 | $534,088 |
Arkansas State University Alumni Association Inc State University, AR | $4,421,210 | $259,299 |
The University Of South Alabama National Alumni Association Inc Mobile, AL | $1,996,523 | $859,340 |