Association Of Former Students Of Texas A & M University
- Assets
- $202.5m
- Revenue
- $46.9m
- Investments
- $142.6m
- Employees
- 173
- Location
- College Station, TX
- Founding
- 09/1971
- Data as of
- 12/2021
- EIN
- 74-0490865
Organization Overview
Association Of Former Students Of Texas A & M University is located in College Station, TX. The organization was established in 1971. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2021, Association Of Former Students Of Texas A & M University employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Former Students Of Texas A & M University 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, Association Of Former Students Of Texas A & M University generated $46.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $20.0m during the year ending 12/2021. While expenses have increased by 1.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE AGGIE NETWORK; PROMOTE THE INTEREST AND WELFARE OF TEXAS A&M UNIVERSITY.
Describe the Organization's Program Activity:
FUNDS GRANTED TO/OR EXPENDED FOR THE BENEFIT OF TEXAS A&M UNIVERSITY, INCLUDING DEPARTMENTAL FUNDING, SUPPORT OF AWARDS PROGRAMS, STUDENT PROGRAMS, SCHOLARSHIPS AND OTHER PROGRAMS THAT PERPETUATE THE AGGIE SPIRIT AND SUPPORT THE PRIMARY PURPOSE OF THE ASSOCIATION.
CONSTRUCTED IN 1987, THE CLAYTON W. WILLIAMS, JR. ALUMNI CENTER WAS BUILT BY THE GENEROUS GIFTS OF THOUSANDS OF FORMER STUDENTS AND FRIENDS OF TEXAS A&M TO HOUSE THE ASSOCIATION STAFF AND PROVIDE HOME ON CAMPUS FOR FORMER STUDENTS. IN 2009, SIGNIFICANT ENHANCEMENTS WERE COMPLETED ON THE FACILITY, AGAIN THANKS TO THE GENEROSITY OF FORMER STUDENTS AND FRIENDS OF TEXAS A&M. THESE ENHANCEMENTS WERE FUNDED COMPLETELY THROUGH DIRECT CONTRIBUTIONS TO THE BUILDING PROGRAM. OUR FACILITY SYMBOLIZES THE STRENGTH AND TRADITIONS THAT ARE IMPORTANT TO ALL AGGIES, AND TELLS THE STORY TEXAS A&M AND TEXAS AGGIES THROUGH HISTORICAL AND INTERACTIVE DISPLAYS AND MODERN TECHNOLOGY.
THE ASSOCIATION'S CLASS PROGRAMS WORK DIRECTLY WITH REPRESENTATIVES OF EACH GRADUATING CLASS OF TEXAS A&M TO ENSURE REGULAR COMMUNICATIONS WITH EVERY FORMER STUDENT. IN ADDITION, CLASS PROGRAMS HOST CLASS REUNIONS, RECEPTIONS, AND OTHER SPECIAL EVENTS TO FOSTER STRONG TIES AMONG FORMER STUDENTS AND TEXAS A&M AND GENERATE SUPPORT FOR THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Porter S Garner III President And CEO | Officer | 40 | $969,664 |
Nicholas K Taunton Vice President | Officer | 40 | $259,513 |
Kathryn J Greenwade Vice President | Officer | 40 | $250,667 |
Cecilee C Herd Vice President | Officer | 40 | $198,170 |
Martin W Holmes Vice President | Officer | 40 | $190,040 |
Andrew Arizpe VP And CFO | Officer | 40 | $158,512 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midway Development Group Architecture | 12/30/21 | $8,001,957 |
Texas Am University-division Of Fi General Services | 12/30/21 | $440,569 |
Zuri Group Llc Software Consulting | 12/30/21 | $435,400 |
Uc Innovation Inc Software Consulting | 12/30/21 | $420,544 |
D Magazine Partners Lp Dba D Custo Publishing | 12/30/21 | $418,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,245,155 |
| Noncash contributions included in lines 1a–1f | $3,442,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,245,155 |
| Total Program Service Revenue | $3,802,247 |
| Investment income | $3,991,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $711,210 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,927,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,582,982 |
| 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. | $2,490,220 |
| Compensation of current officers, directors, key employees. | $695,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,722,305 |
| Pension plan accruals and contributions | $499,240 |
| Other employee benefits | $592,513 |
| Payroll taxes | $396,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,239 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $130,938 |
| Fees for services: Fundraising | $326,445 |
| Fees for services: Investment Management | $500,250 |
| Fees for services: Other | $459,690 |
| Advertising and promotion | $117,312 |
| Office expenses | $1,420,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $568,352 |
| Travel | $126,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $797,795 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $748,712 |
| Insurance | $147,053 |
| All other expenses | $47,443 |
| Total functional expenses | $19,965,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,217,382 |
| Savings and temporary cash investments | $2,198,404 |
| Pledges and grants receivable | $12,330,461 |
| Accounts receivable, net | $4,385,882 |
| 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 | $782,841 |
| Net Land, buildings, and equipment | $24,330,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $142,596,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,537 |
| Total assets | $202,537,498 |
| Accounts payable and accrued expenses | $5,578,500 |
| Grants payable | $0 |
| Deferred revenue | $1,797,662 |
| 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 | $2,468,797 |
| Total liabilities | $9,844,959 |
| Net assets without donor restrictions | $44,126,992 |
| Net assets with donor restrictions | $148,565,547 |
| 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 | $202,537,498 |
Grants Recieved
Over the last fiscal year, we have identified 45 grants that Association Of Former Students Of Texas A & M University has recieved totaling $1,325,236.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $503,653 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $181,865 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $168,506 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $168,506 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $102,310 |
Brazos County A & M Club Inc College Station, TX | | $55,000 |
Endowment Analysis
| Beg. Balance | $109,063,432 |
| Earnings | $22,258,467 |
| Net Contributions | $5,378,220 |
| Other Expense | $4,667,541 |
| Ending Balance | $132,032,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Angelo State University Foundation Inc San Angelo, TX | $35,914,777 | $13,132,707 |
Ex Students Association Of The Austin, TX | $164,001,121 | $27,599,217 |
Leadership Education Foundation College Station, TX | $3,972,064 | $10,009,970 |
Communities In Schools Of Greater Tarrant County Inc Fort Worth, TX | $6,563,272 | $10,310,134 |
Lsu Alumni Association Baton Rouge, LA | $42,813,688 | $3,814,637 |
Oklahoma State University Alumni Association Stillwater, OK | $25,317,339 | $3,350,380 |
Texas Tech Alumni Association Lubbock, TX | $17,376,523 | $4,664,357 |
Delta Delta Delta Foundation Dallas, TX | $24,531,824 | $3,988,064 |
Arkansas Alumni Association Inc Fayetteville, AR | $14,561,052 | $2,077,157 |
Iitmaana Spring, TX | $661,366 | $1,712,067 |
University Of Tx At San Antonio San Antonio, TX | $4,217,745 | $1,664,150 |