Arkansas Alumni Association Inc
- Assets
- $16.9m
- Revenue
- $2.1m
- Investments
- $11.1m
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- 01/1991
- Data as of
- 06/2022
- EIN
- 71-0329821
Organization Overview
Arkansas Alumni Association Inc is located in Fayetteville, AR. The organization was established in 1991. 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. Arkansas 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 06/2022, Arkansas Alumni Association Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE SUPPORT OUR MISSION THROUGH MEMBERSHIP, CHAPTERS AND OUTREACH, SOCIETIES, SPECIAL EVENTS, AFFINITY PROGRAMS (TRAVEL, CREDIT CARD, AND INSURANCE), CAMPUS PARTNERS AND CAMPUS SUPPORT, STUDENT PROGRAMS, AND MANY OTHER EVENTS FOR ENGAGING STUDENTS, ALUMNI, FACULTY, STAFF AND FRIENDS OF THE UNIVERSITY OF ARKANSAS.
Describe the Organization's Program Activity:
SCHOLARSHIPS - EACH YEAR WE AWARD SCHOLARSHIPS TO STUDENTS. THERE ARE 533 STUDENTS THAT RECEIVED SCHOLARSHIP FUNDS DURING THE FISCAL YEAR. EACH YEAR WE ADD APPROXIMATELY 100 NEW STUDENTS TO THE SCHOLARSHIP GROUP.
OUR OTHER PROGRAMS INCLUDE OUR REGULAR BOARD MEETING TO SUPPORT OUR BOARD, ATHLETIC PROGRAMS THAT SUPPORT ALL OF OUR OTHER PROGRAMS AS WELL HAS OTHER ALUMNI. IT ALSO INCLUDES OUR SPECIAL EVENTS AND ALL OF THE EVENTS WE HOLD AT THE ALUMNI HOUSE.
MEMBERSHIP, MARKETING AND COMMUNICATIONS - WHILE THIS PROGRAM IS SEPARATED ON OUR FUNCTIONAL EXPENSES, THEY WORK HAND IN HAND TO SUPPORT OUR MEMBERSHIP. WE PROVIDE A QUARTERLY MAGAZINE TO ALL OF OUR MEMBERS, A PERKS PROGRAM, T-SHIRTS AND OTHER ITEMS, AS WELL REGULAR ELECTRONIC COMMUNICATIONS SO THAT OUR MEMBERS CAN STAY CONNECTED TO THE AAA AND THE UNIVERSITY. WE HAVE BOTH ANNUAL AND LIFE MEMBERSHIP LEVELS. THERE ARE DISCOUNT LEVELS FOR RECENT GRADUATES AND THOSE WHO HAVE GRADUATED 40 YEARS PRIOR. WE ALSO HAVE STUDENT MEMBERS. AS OF 6/30/2022, WE HAD 7,719 ANNUAL MEMBERS, 7,451 LIFE MEMBERS AND 200 STUDENT MEMBERS.
CHAPTERS AND SOCIETIES - WE HAVE 32 CHAPTERS AND 15 SOCIETIES. CHAPTERS ARE LOCATED IN DIFFERENT CITIES ACROSS THE WORLD WHILE SOCIETIES HAVE A LINK TO GROUPS ON CAMPUS. EACH OF THE GROUPS HOLD EVENTS, REUNIONS AND UNITE ALUMNI OF THE UNIVERSITY OF ARKANSAS ALONG LIKE INTERESTS AND GROUPS. ATTENDING EVENTS DOES NOT REQUIRE MEMBERSHIP, BUT IT IS ENCOURAGED. WE ALSO PROVIDE SUPPORT TO OUR CAMPUS COMMUNITY THROUGH OUR CAMPUS PARTNER RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Cox Executive Director | OfficerTrustee | 40 | $0 |
Ron Rainey President | OfficerTrustee | 2 | $0 |
Donald E Walker President Elect | OfficerTrustee | 2 | $0 |
Kristen Collier Wright Treasurer | OfficerTrustee | 2 | $0 |
Linda Bedford-Jackson Director | Trustee | 2 | $0 |
Tori Bogner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $329,465 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,361,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,690,620 |
| Total Program Service Revenue | $69,682 |
| Investment income | $103,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $120,225 |
| Net Rental Income | $51,061 |
| 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 | $2,058,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,104,502 |
| 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 | $59,312 |
| 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 | $28,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,937 |
| Advertising and promotion | $133,468 |
| Office expenses | $86,616 |
| Information technology | $109,298 |
| Royalties | $0 |
| Occupancy | $34,306 |
| Travel | $9,962 |
| 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 | $49,036 |
| Insurance | $7,291 |
| All other expenses | $83,388 |
| Total functional expenses | $1,927,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,143 |
| Savings and temporary cash investments | $420,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,270 |
| 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 | $193,274 |
| Net Land, buildings, and equipment | $355,529 |
| Investments—publicly traded securities | $4,459,410 |
| Investments—other securities | $11,148,007 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,868,621 |
| Accounts payable and accrued expenses | $149,226 |
| Grants payable | $0 |
| Deferred revenue | $1,313,270 |
| 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 | $1,462,496 |
| Net assets without donor restrictions | $4,769,748 |
| Net assets with donor restrictions | $10,636,377 |
| 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 | $16,868,621 |