Oklahoma State University Alumni Association
- Assets
- $29.0m
- Revenue
- $5.3m
- Investments
- $19.3m
- Employees
- 60
- Location
- Stillwater, OK
- Founding
- 11/1956
- Data as of
- 06/2021
- EIN
- 73-1020684
Organization Overview
Oklahoma State University Alumni Association is located in Stillwater, OK. The organization was established in 1956. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2023, Oklahoma State University Alumni Association employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma State University 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, Oklahoma State University Alumni Association generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 0.2% 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.
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 OKLAHOMA STATE ALUMNI ASSOCIATION IS TO DEEPEN THE LOVE AND PRIDE FOR OKLAHOMA STATE UNIVERSITY BY SERVING ITS MEMBERS, ALUMNI, STUDENTS, FACULTY AND STAFF BY INTENTIONAL AND INNOVATIVE PROGRAMMING THAT ENGAGES MEMBERS OF THE OSU FAMILY, PROVIDING A WIDE VARIETY OF MEANINGFUL AND INCLUSIVE EVENTS, AND STRATEGIC AND CREATIVE COMMUNICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTERS - THE CHAPTER PROGRAM IS THE MOST VISIBLE SIGN OF THE MISSION OF THE ASSOCIATION AS THE CHAPTERS REACH OUT TO ALUMNI AND FRIENDS BY GEOGRAPHIC AREA OR AFFINITY TO HELP THEM TO CONNECT TO OSU. CHAPTERS ALSO RAISE FUNDS FOR SCHOLARSHIPS TO HELP STUDENTS ATTEND OSU.
OTHER PROGRAM SERVICES.
STUDENT PROGRAMMING/HOMECOMING - STUDENT LEADERSHIP OPPORTUNITIES AND STUDENT LED PROGRAMMING TO ENGAGE AND INVOLVE STUDENTS IN THE CULTURE AND TRADITIONS OF OSU. HOMECOMING IS OSU'S RICHEST TRADITION, LINKING ALUMNI TO CURRENT STUDENTS AND THE UNIVERSITY. IT IS PRESENTED BY THE OSU ALUMNI ASSOCIATION AND PLANNED BY THE STUDENT HOMECOMING STEERING COMMITTEE. IT SERVES AS PRIMARY VENUE FOR KEEPING OSU ALUMNI CONNECTED TO THE UNIVERSITY. ALUMNI RETURN BY THE THOUSANDS TO CELEBRATE HOMECOMING AND REMEMBER THEIR COLLEGE EXPERIENCES.
LEGACY PROGRAMMING - PROGRAMMING TO CONNECT CHILDREN AND GRANDCHILDREN OF OSU ALUMNI TO OSU. THIS INCLUDES GRAND PARENT UNIVERSITY (GPU) THAT PROVIDES A COLLEGE EXPERIENCE TO GRANDCHILDREN WITH THEIR GRANDPARENTS AT OSU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Parkhill Chair | Trustee | 1 | $0 |
Kurt Carter Vice Chair | Trustee | 1 | $0 |
Tony Lopresto Past Chair | Trustee | 1 | $0 |
Treca Baetz Director | Trustee | 1 | $0 |
Tom Blalock Director | Trustee | 1 | $0 |
Ben Davis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Life Insurance Company Health Insurance | 6/29/19 | $149,665 |
Regier Carr & Monroe Llp Cpa's Accounting Service | 6/29/19 | $124,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,270,510 |
| Investment income | $672,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $124,550 |
| Net Rental Income | $328,634 |
| Net Gain/Loss on Asset Sales | $1,303,273 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,292,747 |
| 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. | $526,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,223,071 |
| Pension plan accruals and contributions | $84,796 |
| Other employee benefits | $97,211 |
| Payroll taxes | $146,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $33,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,212 |
| Fees for services: Other | $91,662 |
| Advertising and promotion | $162,564 |
| Office expenses | $191,716 |
| Information technology | $120,702 |
| Royalties | $0 |
| Occupancy | $232,799 |
| Travel | $12,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,879 |
| Insurance | $39,929 |
| All other expenses | $0 |
| Total functional expenses | $4,080,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,868 |
| Savings and temporary cash investments | $300,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,574 |
| 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 | $162,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,282,528 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,300 |
| Total assets | $28,986,180 |
| Accounts payable and accrued expenses | $201,184 |
| Grants payable | $0 |
| Deferred revenue | $31,084 |
| 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 | $308,964 |
| Other liabilities | $5,913 |
| Total liabilities | $547,145 |
| 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 | $28,439,035 |