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Nonprofiteer
← UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF VIRGINIA ALUMNI ASSOCIATION.

Totals

Total revenue
$24,213,385
Total expenses
$102,113,000
Contributions and grants received
$15,427,735
Grants paid
$88,534,760
Program service revenue
$7,027,669
Investment income
$1,555,098
Other revenue
$202,883
Total assets, end of year
$673,580,601
Total liabilities, end of year
$303,128,740
Net assets or fund balances, end of year
$370,451,861
Program services expenses (Part IX)
$97,961,498
Management and general expenses
$2,848,893
Fundraising expenses
$1,302,609
Program service expenses (Part III)
$97,961,498

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $255,370

  • 1f · All other contributions, gifts and grants

    $15,172,365

  • 1g · Noncash contributions included above

    $656,299

  • 2a · Program service revenue: UVA CONTRACTUAL

    total $3,152,314 · related or exempt $3,152,314

  • 2b · Program service revenue: ADMIN FEES

    total $2,097,331 · related or exempt $2,097,331

  • 2c · Program service revenue: PROGRAM FEES

    total $1,073,958 · related or exempt $1,073,958

  • 2d · Program service revenue: ADVERTISING

    total $499,982 · related or exempt $54,430 · unrelated business $445,552

  • 2e · Program service revenue: COMMISSIONS

    total $204,084 · related or exempt $204,084

  • 3 · Investment income

    total $1,560,045 · excluded $1,560,045

  • 5 · Royalties

    total $22,722 · excluded $22,722

  • 6a · Gross rents

    real property $180,161

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $180,161

  • 6d · Net rental income or loss

    total $180,161 · excluded $180,161

  • 7a · Gross sales of assets other than inventory

    securities $647,442

  • 7b · Less cost or other basis and sales expenses

    securities $652,389

  • 7c · Gain or loss

    securities -$4,947

  • 7d · Net gain or loss

    total -$4,947 · excluded -$4,947

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,239,946 · program services $84,239,946

  • 2 · Grants to domestic individuals

    total $4,294,814 · program services $4,294,814

  • 5 · Compensation of officers, directors and key employees

    total $2,047,059 · program services $1,166,810 · management and general $497,502 · fundraising $382,747

  • 7 · Other salaries and wages

    total $4,143,497 · program services $3,133,740 · management and general $611,587 · fundraising $398,170

  • 8 · Pension plan contributions

    total $376,952 · program services $311,510 · management and general $29,212 · fundraising $36,230

  • 9 · Other employee benefits

    total $486,164 · program services $395,705 · management and general $55,682 · fundraising $34,777

  • 10 · Payroll taxes

    total $424,369 · program services $304,028 · management and general $66,869 · fundraising $53,472

  • 11a · Fees: management

    total $389,388 · program services $67,959 · management and general $294,477 · fundraising $26,952

  • 11b · Fees: legal

    total $67,913 · program services $24,507 · management and general $26,257 · fundraising $17,149

  • 11c · Fees: accounting

    total $77,750 · management and general $77,750

  • 11f · Fees: investment management

    total $771,632 · management and general $771,632

  • 11g · Fees: other

    total $51,549 · program services $24,434 · management and general $27,115

  • 12 · Advertising and promotion

    total $134,552 · program services $116,034 · fundraising $18,518

  • 13 · Office expenses

    total $351,543 · program services $216,613 · management and general $3,896 · fundraising $131,034

  • 14 · Information technology

    total $371,911 · program services $296,373 · management and general $38,396 · fundraising $37,142

  • 16 · Occupancy

    total $212,230 · program services $68,323 · management and general $116,928 · fundraising $26,979

  • 17 · Travel

    total $74,321 · program services $55,935 · management and general $2,189 · fundraising $16,197

  • 22 · Depreciation, depletion and amortization

    total $286,507 · program services $99,997 · management and general $146,377 · fundraising $40,133

  • 23 · Insurance

    total $214,319 · program services $111,353 · management and general $82,525 · fundraising $20,441

  • 24a · Other expenses: ALUMNI AFFAIRS

    total $2,240,186 · program services $2,182,518 · management and general $499 · fundraising $57,169

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $814,061 · program services $813,205 · fundraising $856

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $42,337 · program services $37,694 · fundraising $4,643

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $27,619,883 · end of year $41,859,956

  • 3 · Pledges and grants receivable

    beginning of year $3,206,907 · end of year $4,166,025

  • 9 · Prepaid expenses and deferred charges

    beginning of year $264,339 · end of year $316,786

  • 10a · Land, buildings and equipment: cost or other basis

    $17,985,773

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,540,895

  • 10c · Land, buildings and equipment, net

    beginning of year $6,394,653 · end of year $9,444,878

  • 11 · Investments: publicly traded securities

    beginning of year $144,995,869 · end of year $161,192,272

  • 12 · Investments: other securities

    beginning of year $419,470,279 · end of year $451,386,715

  • 15 · Other assets

    beginning of year $4,965,904 · end of year $5,213,969

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,194,224 · end of year $1,204,932

  • 25 · Other liabilities

    beginning of year $195,087,893 · end of year $301,923,808

  • 27 · Net assets without donor restrictions

    beginning of year $106,816,198 · end of year $117,518,868

  • 28 · Net assets with donor restrictions

    beginning of year $303,819,519 · end of year $252,932,993

Mission and programs · 2024

Mission

THE MISSION OF THE ALUMNI ASSOCIATION IS TO BUILD THE STRONGEST BOND AMONG ALUMNI AND BETWEEN ALUMNI AND THE UNIVERSITY BY SERVING ALL ALUMNI AND STUDENTS; BEING THE CENTER FOR ENGAGING AND CONNECTING THE GLOBAL UVA COMMUNITY; ACTING AS A CONDUIT TO KEEP ALUMNI INFORMED AND PROVIDING VEHICLES TO SHARE THEIR VOICES; AND BEING AN INVALUABLE PARTNER TO THE UNIVERSITY.

Activities or mission (Part I)

TO BUILD THE STRONGEST BOND AMONG ALUMNI AND BETWEEN ALUMNI AND THE UNIVERSITY OF VIRGINIA WHILE REPRESENTING THE INDEPENDENT VOICE AND PERSPECTIVE OF ALUMNI.

  • THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, SERVES THE UVA COMMUNITY BY OFFERING FINANCIAL AND ENDOWMENT MANAGEMENT SERVICES. WITH MORE THAN 2,000 ACCOUNTS, THE UVA FUND PROVIDES EFFICIENT AND COST-EFFECTIVE SUPPORT FOR OVER 700 STUDENT ORGANIZATIONS, ALUMNI CLUBS, ASSOCIATED ORGANIZATIONS, AND HUNDREDS OF ENDOWMENTS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS UVA. THE ASSOCIATION ALSO MANAGES AND ADMINISTERS NUMEROUS STUDENT SCHOLARSHIPS, AND, THROUGH ITS JEFFERSON TRUST PROGRAM, PROVIDES ANNUAL GRANTS TO PROJECTS THAT ENHANCE THE UNIVERSITY AS A PREEMINENT GLOBAL INSTITUTION OF HIGHER LEARNING.

    Expenses $89,939,836 · Grants $88,534,760 · Revenue $2,097,331

  • HOMECOMINGS & REUNIONS - THROUGH A SERIES OF IN-PERSON AND DIGITAL EVENTS HELD THROUGHOUT THE YEAR, THE ASSOCIATION WELCOMES THOUSANDS OF ALUMNI BACK TO UVA IN MEANINGFUL, SOCIAL, AND EDUCATIONAL WAYS THAT STRENGTHEN THE BOND BETWEEN ALUMNI AND THEIR ALMA MATER. ANNUAL REUNIONS WEEKENDS BRINGS ALUMNI BACK BASED ON CLASS YEAR, WHILE OTHER REUNIONS GEARED FOR SPECIFIC DEMOGRAPHIC AND/OR AFFINITY GROUPS PROVIDE UNIQUE OPPORTUNITIES TO RECONNECT WITH THE UNIVERSITY THROUGHOUT A LIFETIME. ADDITIONAL PROGRAMMING INCLUDES SOCIAL AND EDUCATIONAL EVENTS SURROUNDING FOOTBALL GAMES AND MORE THAN 150 STUDENT EVENTS DESIGNED TO BUILD COMMUNITY AND CLASS IDENTITY.

    Expenses $5,514,271 · Revenue $3,459,081

  • ALUMNI COMMUNICATIONS - THE ASSOCIATION IS A VIBRANT CENTER OF COMMUNICATIONS FOR ALUMNI, PARENTS, STUDENTS AND FACULTY, USING A VARIETY OF MEDIA PLATFORMS. THE ASSOCIATION PROVIDES TIMELY AND ACCURATE COMMUNICATION CHANNELS TO ITS CONSTITUENTS, KEEPING THEM WELL INFORMED AND WELL CONNECTED TO THE UNIVERSITY AND TO ONE ANOTHER. THE ASSOCITION PUBLISHES THE AWARD-WINNING UVA MAGAZINE, WHICH IS DISTRIUTED TO ALL ALUMNI, STUDENTS, PARENTS, AND FRIENDS ON A QUARTERLY BASIS. THIS PUBLICATION IS SUPPLEMENTED BY WEBSITES, SOCIAL MEDIA, ELECTRONIC NEWSLETTERS AND VIDEOS.

    Expenses $2,507,391 · Revenue $1,025,705

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tatia Daniels Granger PhD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Thomas B W Hall

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wyatt G Andrews

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Arriaga

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Ruben A Basantes

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Caroline M Brown

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Crystal J Brown

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Whittington W Clement

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Anant Das

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Richard J Diemer Jr

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Teresa R Dimarco

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Matthew S Erskine

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Christopher D Ford

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Fredrick

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Frederick C Godbolt

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Arthur S Fuller

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Brett C Gibson

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Stephen P Gibson

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Michael C Guanzon

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Ruth Firsching Haile

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Kurt B Harrison

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • R Philip Herget III

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Jessica P Huang

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Nicholas T Jordan

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Consuelo A Kendall

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • William L Kitchel III

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Dale S Lam

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Alice Anne Lloyd

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Carmen L McGhee

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Blake Dominic Morant

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Stephen A Murray

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Maria Gutierrez Norin

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Timothy P O'Hara

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth A Oswald

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Alexander J Park

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Martha S Pellington

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Brendan J Peters

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • William L Polk Jr

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • R Kennon Poteat III

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Richard L Ramsey

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Adriane B Randolph

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Catherine Lewis Robb

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • J Britton Williston

    MANAGER

    Total calculated
    $0
    Hours/week
    1

  • Lily E West

    PRESIDENT AND CEO

    Total calculated
    $497,868
    From this org
    $445,639
    From related orgs
    $0
    Other
    $52,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,347
    Bonus
    $123,000
    Other
    $11,292
    Deferred
    $34,500
    Nontaxable benefits
    $17,729
    Filer's total
    $497,868

  • Garrette L Ashley

    TREASURER & CFO

    Total calculated
    $203,305
    From this org
    $164,437
    From related orgs
    $0
    Other
    $38,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,680
    Bonus
    $3,358
    Other
    $399
    Deferred
    $16,393
    Nontaxable benefits
    $22,475
    Filer's total
    $203,305

  • Terry Lockard

    SECRETARY & CHIEF OF STAFF

    Total calculated
    $137,698
    From this org
    $107,713
    From related orgs
    $0
    Other
    $29,985
    Hours/week
    40

  • Brent J Percival

    ED JEFFERSON TRUST

    Total calculated
    $206,751
    From this org
    $172,190
    From related orgs
    $0
    Other
    $34,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,475
    Bonus
    $3,250
    Other
    $465
    Deferred
    $17,173
    Nontaxable benefits
    $17,388
    Filer's total
    $206,751

  • Elizabeth K Turrisi

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $205,764
    From this org
    $166,903
    From related orgs
    $0
    Other
    $38,861
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,738
    Bonus
    $3,250
    Other
    $2,915
    Deferred
    $16,399
    Nontaxable benefits
    $22,462
    Filer's total
    $205,764

  • Leah L Dole

    CHIEF CREATIVE OFFICER

    Total calculated
    $173,805
    From this org
    $150,387
    From related orgs
    $0
    Other
    $23,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,500
    Bonus
    $6,000
    Other
    $887
    Deferred
    $14,950
    Nontaxable benefits
    $8,468
    Filer's total
    $173,805

  • Amanda Moxham

    CHIEF HR OFFICER

    Total calculated
    $187,379
    From this org
    $150,079
    From related orgs
    $0
    Other
    $37,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,500
    Bonus
    $6,000
    Other
    $579
    Deferred
    $14,950
    Nontaxable benefits
    $22,350
    Filer's total
    $187,379

  • Judy Le

    EDITOR IN CHIEF

    Total calculated
    $181,637
    From this org
    $144,935
    From related orgs
    $0
    Other
    $36,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,061
    Bonus
    $8,250
    Other
    $624
    Deferred
    $14,431
    Nontaxable benefits
    $22,271
    Filer's total
    $181,637

  • Jessica Sumpter Hamilton

    CHIEF PROGRAM OFFICER

    Total calculated
    $179,962
    From this org
    $144,057
    From related orgs
    $0
    Other
    $35,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,469
    Bonus
    $3,250
    Other
    $338
    Deferred
    $14,372
    Nontaxable benefits
    $21,533
    Filer's total
    $179,962

  • Alexander B Newell

    DIRECTOR, ENTERPRISE IT

    Total calculated
    $178,824
    From this org
    $143,087
    From related orgs
    $0
    Other
    $35,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,987
    Bonus
    $3,250
    Other
    $850
    Deferred
    $14,224
    Nontaxable benefits
    $21,513
    Filer's total
    $178,824

  • Susan M Gallegos

    SENIOR DIRECTOR, DEVELOPMENT OPERATIONS

    Total calculated
    $165,055
    From this org
    $142,607
    From related orgs
    $0
    Other
    $22,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,689
    Bonus
    $3,521
    Other
    $2,397
    Deferred
    $14,041
    Nontaxable benefits
    $8,407
    Filer's total
    $165,055

  • Patricia A Daves

    MANAGING DIRECTOR, MEMBERSHIP AND BUSINESS DEVELOP

    Total calculated
    $157,887
    From this org
    $132,417
    From related orgs
    $0
    Other
    $25,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,976
    Bonus
    $3,250
    Other
    $2,191
    Deferred
    $13,023
    Nontaxable benefits
    $12,447
    Filer's total
    $157,887

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FARMINGTON COUNTRY CLUB DUES: THE ALUMNI ASSOCIATION PAYS FOR THE PRESIDENT AND CEO TO MAINTAIN A MEMBERSHIP IN THE FARMINGTON COUNTRY CLUB. FARMINGTON IS A SOCIAL CLUB USED BY THE EMPLOYEE FOR BUSINESS AND RECREATIONAL USE. THIS IS CONSIDERED FULLY TAXABLE AND IS THEREFORE INCLUDED IN THE EMPLOYEE'S W-2 TAXABLE WAGES.
PART I, LINE 3
DURING ITS ANNUAL REVIEW, THE COMPENSATION COMMITTEE OF THE BOARD OF MANAGERS REVIEWS THE COMPENSATION PACKAGE OF THE PRESIDENT AND CEO AND DETERMINES IF AN ANNUAL BONUS IS MERITED AND IF SO, THE AMOUNT. THIS REVIEW CONSIDERS PERFORMANCE AS WELL AS COMPARABILITY WITH SIMILAR POSITIONS AT OTHER INDEPENDENT ALUMNI ASSOCIATIONS AND THE RESULTS OF THE INDEPENDENT EXECUTIVE COMPENSATION ANALYSIS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE JEFFERSON TRUST FOR THE UNIV OF VA

    GRANT PROGRAM · VA · income $1,173,174 · assets $51,508,246

    Directly controlled by UVA ALUMNI ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2026
IRS schema version
2024v5.5
Source object
202640449349301634

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