Alumni Association Of The University Of Mississippi
- Assets
- $10.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, MS
- Founding
- 11/1969
- Data as of
- 06/2021
- EIN
- 64-6024995
Organization Overview
Alumni Association Of The University Of Mississippi is located in Oxford, MS. The organization was established in 1969. 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. Alumni Association Of The University Of Mississippi 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, Alumni Association Of The University Of Mississippi generated $2.1m 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 (7.0%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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 STRENGTHEN THE UNIVERSITY OF MISSISSIPPI THROUGH QUALITY PROGRAMS AND SERVICES THAT ENHANCE COMMUNICATIONS AND BUILD MUTUALLY BENEFICIAL RELATIONSHIPS AMONG OUR ALUMNI, FRIENDS, FACULTY, STAFF, AND STUDENTS.
Describe the Organization's Program Activity:
UNIVERSITY OF MISSISSIPPI GENERAL SUPPORT-DEPARTMENTAL SUPPORT, PROGRAMS RECOGNITION, AND AWARDS.
ACTIVITIES, EVENTS, PUBLICATION OF ALUMNI REVIEW, FOR THE PURPOSE OF BUILDING A BASE OF SUPPORT THROUGH THE ALUMNI ASSOCIATION TO SERVE THE STUDENTS, ALUMNI, AND THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Reed Vice President | OfficerTrustee | 2 | $0 |
Lampkin Butts President | OfficerTrustee | 10 | $0 |
John A Maloney Athletics Committee | OfficerTrustee | 2 | $0 |
Candace Latrice Simmons Athletics Committee | OfficerTrustee | 2 | $0 |
Robert Warner Jr President-Elect | OfficerTrustee | 6 | $0 |
Kirk Purdom Treasurer | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $915,784 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,058,002 |
| Total Program Service Revenue | $700,008 |
| Investment income | $208,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,054 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,898 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,076,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 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 | $222,045 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,813 |
| Advertising and promotion | $16,651 |
| Office expenses | $116,307 |
| Information technology | $55,496 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,189 |
| 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 | $7,500 |
| Insurance | $21,359 |
| All other expenses | $220,057 |
| Total functional expenses | $2,499,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,481,149 |
| Savings and temporary cash investments | $8,067,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,531 |
| Prepaid expenses and deferred charges | $82,634 |
| Net Land, buildings, and equipment | $90,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,836,240 |
| Accounts payable and accrued expenses | $748,410 |
| 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 | $104,708 |
| Other liabilities | $0 |
| Total liabilities | $853,118 |
| Net assets without donor restrictions | $8,898,720 |
| Net assets with donor restrictions | $1,084,402 |
| 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 | $10,836,240 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alumni Association Of The University Of Mississippi has recieved totaling $10,160.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
Endowment Analysis
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 |