Arizona State University Alumni Association
- Assets
- $23.1m
- Revenue
- $2.4m
- Investments
- $22.1m
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 05/1960
- Data as of
- 06/2022
- EIN
- 86-6053009
Organization Overview
Arizona State University Alumni Association is located in Tempe, AZ. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona 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 06/2022, Arizona State University Alumni Association generated $2.4m 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 (12.7%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXISTS TO SUPPORT ARIZONA STATE UNIVERSITY AND KEEP ALUMNI CONNECTED TO THEIR UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALARIES/BENEFITS: SALARIES/BENEFITS, INSURANCE, OCCUPANCY COSTS AND MARKETING FEES NOT ALLOCATED TO SPECIFIC PROGRAMS.
PROGRAMS THAT RAISE THE OVERALL AWARENESS OF THE UNIVERSITY AND PROVIDE WAYS FOR ALUMNI TO ENGAGE AND AFFILIATE WITH THEIR ALMA MATER. EXAMPLES INCLUDE: HOMECOMING, FOUNDERS' DAY, SUN DEVIL 100, GOLDEN REUNION, OLD MAIN, TEACHER PACKS, TILLMAN HONOR RUNS, LEADERSHIP INSTITUTE, AND OTHERS.
ALUMNI ATHLETIC: EVENTS ASSOCIATED WITH THE UNIVERSITY'S ATHLETIC PROGRAMS DESIGNED TO RAISE SCHOOL SPIRIT AND OFFER OPPORTUNITIES TO PARTICIPATE FOR ALUMNI WHO ARE INTERESTED IN ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Wilkinson President And CEO | OfficerTrustee | 20 | $0 |
Kristine Kassel Chair | OfficerTrustee | 1 | $0 |
Gregory Brewster Chair Elect | OfficerTrustee | 1 | $0 |
Joya Kizer Treasurer | OfficerTrustee | 1 | $0 |
Rick Dircks Director | Trustee | 1 | $0 |
Luis Heredia Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asu Enterprise Partners Investment Services | 6/29/18 | $234,298 |
Trend Offset Printing Magazine Printing | 6/29/18 | $114,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,332 |
| Fundraising events | $0 |
| Related organizations | $1,059,287 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,982 |
| Total Program Service Revenue | $1,019,566 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $279,824 |
| Net Rental Income | $0 |
| 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 | $2,397,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,631 |
| 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 | $1,011,891 |
| Pension plan accruals and contributions | $89,743 |
| Other employee benefits | $152,647 |
| Payroll taxes | $67,593 |
| Fees for services: Management | $120,975 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,126 |
| Fees for services: Lobbying | $17,168 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $279,620 |
| Fees for services: Other | $64,479 |
| Advertising and promotion | $123,022 |
| Office expenses | $434,260 |
| Information technology | $29,153 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $607,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $94,616 |
| All other expenses | $0 |
| Total functional expenses | $3,419,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,469 |
| Accounts receivable, net | $124,492 |
| 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 | $71,858 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,149,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,052,413 |
| Accounts payable and accrued expenses | $138,081 |
| Grants payable | $0 |
| Deferred revenue | $107,974 |
| 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 | $25,511 |
| Total liabilities | $271,566 |
| Net assets without donor restrictions | $22,697,262 |
| Net assets with donor restrictions | $83,585 |
| 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 | $23,052,413 |
Grants Awarded
Over the last fiscal year, Arizona State University Alumni Association has awarded $119,417 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS | $36,917 |
ARIZONA STATE UNIVERSITY PURPOSE: OLD MAIN | $82,500 |