Lsu Alumni Association
- Assets
- $45.4m
- Revenue
- $6.3m
- Investments
- $2.4m
- Employees
- 80
- Location
- Baton Rouge, LA
- Founding
- 09/1960
- Data as of
- 12/2021
- EIN
- 72-6027430
Organization Overview
Lsu Alumni Association is located in Baton Rouge, LA. The organization was established in 1960. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2023, Lsu Alumni Association employed 80 individuals. This organization is the central organization for a national or regional group of organizations. Lsu 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 12/2021, Lsu Alumni Association generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. 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 MISSION IS TO PROTECT, PROMOTE, AND FOSTER THE WELFARE OF LOUISIANA STATE UNIVERSITY AND TO CREATE AND NURTURE MUTUALLY BENEFICIAL RELATIONSHIPS BETWEEN THE UNIVERSITY AND ITS ALUMNI AND FRIENDS. THE ASSOCIATION, USING THE TALENTS AND RESOURCES OF ALUMNI AND FRIENDS OF THE UNIVERSITY, SUPPORTS THE UNIVERSITY IN PURSUIT OF EXCELLENCE IN TEACHING, RESEARCH, AND PUBLIC SERVICE TO FUTURE AND CURRENT ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES AND EVENTS FOR THE PURPOSE OF BUILDING A SUPPORT BASE THROUGH THE ALUMNI ASSOCIATION TO SERVE STUDENTS, FACULTY, DEPARTMENTS AND FRIENDS OF THE UNIVERSITY.
THE ASSOCIATION ESTABLISHED ENDOWMENTS TO PERMANENTLY FUND SCHOLARSHIPS AND PROFESSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Carvalhido 117-1231 President | Officer | 40 | $190,080 |
Landon Jordan Treasurer | Officer | 40 | $137,170 |
Amy Parrino Senior Vice President | Officer | 40 | $136,950 |
Gordon Monk 11-116 President/past President | Officer | 4 | $0 |
Dr Mario Garner Chair | OfficerTrustee | 4 | $0 |
Kathy Fives Past-Elect | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baton Rouge Printing Printing Of Magazine | 12/30/22 | $116,053 |
Stonewall Architecture Patio Renovation And Concrete Project | 12/30/22 | $148,674 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $568,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,335,771 |
| Noncash contributions included in lines 1a–1f | $39,007 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,904,131 |
| Total Program Service Revenue | $1,029,590 |
| Investment income | $764,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $231,126 |
| Net Rental Income | $487,881 |
| Net Gain/Loss on Asset Sales | $1,698,603 |
| Net Income from Fundraising Events | -$8,307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,287,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,844 |
| Grants and other assistance to domestic individuals. | $971,607 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $589,872 |
| Compensation of current officers, directors, key employees. | $166,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $999,615 |
| Pension plan accruals and contributions | $49,175 |
| Other employee benefits | $13,517 |
| Payroll taxes | $227,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $163,436 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,543 |
| Office expenses | $622,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,093 |
| Travel | $27,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,891 |
| Insurance | $69,255 |
| All other expenses | $177,847 |
| Total functional expenses | $4,352,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,021 |
| Savings and temporary cash investments | $515,255 |
| Pledges and grants receivable | $571,481 |
| Accounts receivable, net | $767,048 |
| 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 | $116,207 |
| Net Land, buildings, and equipment | $10,027,778 |
| Investments—publicly traded securities | $28,502,591 |
| Investments—other securities | $2,369,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,913,814 |
| Total assets | $45,403,082 |
| Accounts payable and accrued expenses | $1,085,746 |
| Grants payable | $0 |
| Deferred revenue | $26,161 |
| 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 | $1,111,907 |
| Net assets without donor restrictions | $25,139,472 |
| Net assets with donor restrictions | $19,151,703 |
| 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 | $45,403,082 |