← ASSOCIATION OF GRADUATES OF THE UNITED STATES MILITARY ACADEMY

Form 990 for tax year 2022

Filed by ASSOCIATION OF GRADUATES OF THE UNITED STATES MILITARY ACADEMY.

Totals

Total revenue: $76,571,050
Total expenses: $57,014,012
Contributions and grants received: $60,812,184
Grants paid: $37,333,428
Program service revenue: $1,737,208
Investment income: $12,242,649
Other revenue: $1,779,009
Total assets, end of year: $618,863,190
Total liabilities, end of year: $22,651,871
Net assets or fund balances, end of year: $596,211,319
Program services expenses (Part IX): $43,133,058
Management and general expenses: $5,363,839
Fundraising expenses: $8,517,115
Program service expenses (Part III): $43,133,058

Program services were 75.7% 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.

1f · All other contributions, gifts and grants

$60,812,184
1g · Noncash contributions included above

$29,758,233
2a · Program service revenue: ALUMNI SERVICES

total $777,234 · related or exempt $721,131 · unrelated business $56,103
2b · Program service revenue: ALUMNI EVENTS

total $574,116 · related or exempt $574,116
2c · Program service revenue: SPONSORSHIPS

total $201,400 · related or exempt $201,400
2d · Program service revenue: PUBLICATION SALES

total $163,451 · related or exempt $56,323 · unrelated business $107,128
2e · Program service revenue: CREDIT CARD PROCESSING & OTHER

total $21,007 · related or exempt $21,007
3 · Investment income

total $5,211,992 · unrelated business -$615,724 · excluded $5,827,716
5 · Royalties

total $716,914 · excluded $716,914
7a · Gross sales of assets other than inventory

securities $241,738,620
7b · Less cost or other basis and sales expenses

securities $234,707,963
7c · Gain or loss

securities $7,030,657
7d · Net gain or loss

total $7,030,657 · excluded $7,030,657
10a · Gross sales of inventory

$2,292,026
10b · Cost of goods sold

$1,229,931
10c · Net income from sales of inventory

total $1,062,095 · related or exempt $1,062,095

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $36,703,977 · program services $36,703,977
2 · Grants to domestic individuals

total $623,445 · program services $623,445
3 · Grants to foreign organizations and individuals

total $6,006 · program services $6,006
5 · Compensation of officers, directors and key employees

total $1,489,159 · program services $198,310 · management and general $582,044 · fundraising $708,805
7 · Other salaries and wages

total $9,118,564 · program services $2,944,542 · management and general $1,488,918 · fundraising $4,685,104
8 · Pension plan contributions

total $460,598 · program services $110,920 · management and general $90,802 · fundraising $258,876
9 · Other employee benefits

total $775,563 · program services $251,728 · management and general $120,251 · fundraising $403,584
10 · Payroll taxes

total $842,522 · program services $268,555 · management and general $169,017 · fundraising $404,950
11b · Fees: legal

total $72,199 · program services $24,372 · management and general $40,925 · fundraising $6,902
11c · Fees: accounting

total $58,426 · management and general $58,426
11f · Fees: investment management

total $555,774 · management and general $555,774
11g · Fees: other

total $602,403 · program services $209,965 · management and general $211,727 · fundraising $180,711
12 · Advertising and promotion

total $43,016 · program services $33,373 · management and general $35 · fundraising $9,608
13 · Office expenses

total $1,508,603 · program services $697,120 · management and general $54,170 · fundraising $757,313
14 · Information technology

total $1,277,024 · program services $234,947 · management and general $796,901 · fundraising $245,176
16 · Occupancy

total $78,832 · program services $46,157 · fundraising $32,675
17 · Travel

total $182,524 · program services $104,123 · management and general $48,785 · fundraising $29,616
19 · Conferences, conventions and meetings

total $1,171,132 · program services $450,315 · management and general $239,601 · fundraising $481,216
22 · Depreciation, depletion and amortization

total $822,350 · program services $30,849 · management and general $762,350 · fundraising $29,151
23 · Insurance

total $104,731 · management and general $104,731
24a · Other expenses: DONOR CULTIVATION

total $240,033 · program services $203 · management and general $320 · fundraising $239,510
24b · Other expenses: MANUFACTURING & DISTRIB

total $154,273 · program services $154,273
24c · Other expenses: REGISTRATION FEES

total $15,083 · fundraising $15,083
24d · Other expenses: SUBSCRIPTIONS

total $14,002 · program services $1,748 · management and general $7,451 · fundraising $4,803
24e · All other expenses

total $93,773 · program services $38,130 · management and general $31,611 · fundraising $24,032

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $7,664,817 · end of year $7,354,402
3 · Pledges and grants receivable

beginning of year $44,261,732 · end of year $28,575,442
4 · Accounts receivable

beginning of year $275,838 · end of year $156,802
8 · Inventories for sale or use

beginning of year $319,617 · end of year $492,682
9 · Prepaid expenses and deferred charges

beginning of year $17,686 · end of year $2,528
10a · Land, buildings and equipment: cost or other basis

$15,187,285
10b · Land, buildings and equipment: accumulated depreciation

$10,506,590
10c · Land, buildings and equipment, net

beginning of year $5,076,259 · end of year $4,680,695
11 · Investments: publicly traded securities

beginning of year $457,829,643 · end of year $413,234,432
12 · Investments: other securities

beginning of year $128,960,153 · end of year $125,995,794
15 · Other assets

beginning of year $35,659,739 · end of year $38,370,413
17 · Accounts payable and accrued expenses

beginning of year $3,095,576 · end of year $3,969,631
18 · Grants payable

beginning of year $8,390,638 · end of year $8,660,614
19 · Deferred revenue

beginning of year $3,213,525 · end of year $2,992,035
25 · Other liabilities

beginning of year $8,448,851 · end of year $7,029,591
27 · Net assets without donor restrictions

beginning of year $80,235,164 · end of year $61,850,249
28 · Net assets with donor restrictions

beginning of year $576,681,730 · end of year $534,361,070

Mission and programs · 2022

Mission

THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES.

Activities or mission (Part I)

FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES.

EDUCATIONAL AND HISTORICAL: THE ASSOCIATION OF GRADUATES SERVES AS THE FOUNDATION WHICH SECURES PHILANTHROPIC SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS TO PROVIDE ADDITIONAL FUNDING SUPPORT TO THE U.S. MILITARY ACADEMY AT WEST POINT ("USMA") AND THE ARMY WEST POINT ATHLETIC ASSOCIATION BASED ON THE NEEDS ESTABLISHED BY USMA SUPERINTENDENT. INCLUDED IN THIS SUPPORT IS FUNDING FOR THE CONSTRUCTION OF FACILITIES AND ENHANCEMENTS TO SUPPORT USMA, A NATIONAL HISTORIC LANDMARK. THESE FUNDS ARE ALSO DIRECTED TOWARDS ACADEMIC PROGRAMS THAT ENRICH THE CADET EXPERIENCE WITH AN ARRAY OF DIVERSE OPPORTUNITIES TO AUGMENT THE CORE CURRICULUM. OVERALL FUNDING, PROVIDED FROM PRIVATE SOURCES, HELPS TO SECURE USMA'S POSITION AS ONE OF THE PREEMINENT COLLEGES IN THE COUNTRY. IN ADDITION, THE ASSOCIATION OF GRADUATES IS THE ALUMNI ASSOCIATION FOR WEST POINT GRADUATES, KNOWN THROUGHOUT HISTORY AS THE "LONG GRAY LINE."

Expenses $37,441,292 · Grants $37,333,428
ALUMNI SERVICES: THE ASSOCIATION OF GRADUATES IS THE ALUMNI ASSOCIATION FOR THE UNITED STATES MILITARY ACADEMY AT WEST POINT WHOSE GRADUATES ARE KNOWN THROUGHOUT HISTORY AS THE "LONG GRAY LINE." THE ASSOCIATION PROVIDES VARIOUS PROGRAMS, ACTIVITIES, AND SERVICES TO HELP GRADUATES STAY CONNECTED TO EACH OTHER AND THE UNITED STATES MILITARY ACADEMY (USMA). THESE INCLUDE SUPPORT TO OVER 80 GRADUATE CLASSES AND OVER 130 WEST POINT SOCIETIES LOCATED AROUND THE WORLD. AMONG THE SERVICES ARE THE PROVISION OF SOFTWARE PLATFORMS TO SUPPORT THE OPERATIONS OF CLASSES AND SOCIETIES, MEMORIAL SUPPORT FOR FUNERALS AT WEST POINT, GRADUATE EVENTS AND REUNIONS, 50-YEAR CLASS AFFILIATION EVENTS, PROGRAMS TO WELCOME GRADUATES VISITING WEST POINT, GRADUATE INSIDER TOURS AND TRAVEL PROGRAMS, SMART PHONE APPLICATIONS TO FACILITATE GRADUATE CONNECTIONS, CAREER AND TRANSITION SERVICES AND SUICIDE PREVENTION AWARENESS. THE ASSOCIATION ALSO MAINTAINS DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF USMA, AND IT OPERATES A GIFT SHOP.

Expenses $4,244,644 · Revenue $2,635,852
COMMUNICATIONS: DISSEMINATES INFORMATION ON THE CURRENT AND HISTORICAL ACTIVITIES, OBJECTIVES, AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO GRADUATES AND OTHERS THROUGH VARIOUS PUBLICATIONS AND MEDIA TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. THIS INCLUDES THE PUBLICATION OF TAPS, AND THE ASSOCIATION'S QUARTERLY WEST POINT MAGAZINE, PROVIDED TO OVER 55,000 GRADUATES FREE OF CHARGE, OVER 2,700 SOCIAL MEDIA UPDATES REACHING 96,000 INDIVIDUALS AND OVER 200 EMAIL MESSAGES SENT ANNUALLY.

Expenses $1,447,122 · Revenue $163,451

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Robert A McDonaldROBERT A MCDONALD

CHAIRMAN

Total calculated

$0

Hours/week

12
Herman E BullsHERMAN E BULLS

VICE CHAIRMAN

Total calculated

$0

Hours/week

12
Keirn C Brown JrKEIRN C BROWN JR

DIRECTOR

Total calculated

$0

Hours/week

7
Jeffrey A SorensonJEFFREY A SORENSON

DIRECTOR

Total calculated

$0

Hours/week

7
Clyde A Selleck IIICLYDE A SELLECK III

DIRECTOR

Total calculated

$0

Hours/week

7
Peter CareyPETER CAREY

DIRECTOR

Total calculated

$0

Hours/week

7
Ronald L JohnsonRONALD L JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

7
Curtis HarrisCURTIS HARRIS

DIRECTOR

Total calculated

$0

Hours/week

7
Thomas E AyresTHOMAS E AYRES

DIRECTOR

Total calculated

$0

Hours/week

7
Deirdre P DixonDEIRDRE P DIXON

DIRECTOR

Total calculated

$0

Hours/week

7
Felisa Sa LewisFELISA SA LEWIS

DIRECTOR

Total calculated

$0

Hours/week

7
Mark W HouseMARK W HOUSE

DIRECTOR

Total calculated

$0

Hours/week

7
Dana J H PittardDANA J H PITTARD

DIRECTOR

Total calculated

$0

Hours/week

7
Scott M SauerSCOTT M SAUER

DIRECTOR

Total calculated

$0

Hours/week

7
Charles C CorrellCHARLES C CORRELL

DIRECTOR

Total calculated

$0

Hours/week

7
Erica Jeffries PurdoERICA JEFFRIES PURDO

DIRECTOR

Total calculated

$0

Hours/week

7
Todd A BrowneTODD A BROWNE

PRESIDENT/CEO

Total calculated

$446,609

From this org

$423,398

From related orgs

$0

Other

$23,211

Hours/week

40

Schedule J breakdown matched by us

Base

$342,218

Bonus

$81,180

Other

$0

Deferred

$20,500

Nontaxable benefits

$2,711

Filer's total

$446,609
Patrick O OrtlandPATRICK O ORTLAND

VICE PRESIDENT & COO

Total calculated

$228,549

From this org

$212,819

From related orgs

$0

Other

$15,730

Hours/week

40

Schedule J breakdown matched by us

Base

$204,319

Bonus

$8,500

Other

$0

Deferred

$15,294

Nontaxable benefits

$436

Filer's total

$228,549
Robert SchafferROBERT SCHAFFER

VICE PRESIDENT & CFO

Total calculated

$219,639

From this org

$182,212

From related orgs

$0

Other

$37,427

Hours/week

40

Schedule J breakdown matched by us

Base

$173,712

Bonus

$8,500

Other

$0

Deferred

$14,207

Nontaxable benefits

$23,220

Filer's total

$219,639
Kristin SorensonKRISTIN SORENSON

VICE PRESIDENT OF DEVELOPMENT

Total calculated

$337,886

From this org

$294,826

From related orgs

$0

Other

$43,060

Hours/week

40

Schedule J breakdown matched by us

Base

$264,826

Bonus

$30,000

Other

$0

Deferred

$20,500

Nontaxable benefits

$22,560

Filer's total

$337,886
Terence SinkfieldTERENCE SINKFIELD

VICE PRESIDENT, ALUMNI SUPPORT

Total calculated

$185,049

From this org

$163,521

From related orgs

$0

Other

$21,528

Hours/week

40

Schedule J breakdown matched by us

Base

$152,021

Bonus

$11,500

Other

$0

Deferred

$5,118

Nontaxable benefits

$16,410

Filer's total

$185,049
Michael WhiteMICHAEL WHITE

SR DIR. MAJOR & LEADERSHIP GIVING

Total calculated

$194,072

From this org

$165,611

From related orgs

$0

Other

$28,461

Hours/week

40

Schedule J breakdown matched by us

Base

$157,611

Bonus

$8,000

Other

$0

Deferred

$12,051

Nontaxable benefits

$16,410

Filer's total

$194,072
Richard FrenchRICHARD FRENCH

VICE PRESIDENT OF IT

Total calculated

$167,565

From this org

$155,279

From related orgs

$0

Other

$12,286

Hours/week

40

Schedule J breakdown matched by us

Base

$146,779

Bonus

$8,500

Other

$0

Deferred

$11,831

Nontaxable benefits

$455

Filer's total

$167,565
Jessica KuhlmanJESSICA KUHLMAN

SR. DIR DONOR STRATEGY & ANALYTICS

Total calculated

$184,155

From this org

$149,157

From related orgs

$0

Other

$34,998

Hours/week

40

Schedule J breakdown matched by us

Base

$141,657

Bonus

$7,500

Other

$0

Deferred

$11,738

Nontaxable benefits

$23,260

Filer's total

$184,155
Samantha SoperSAMANTHA SOPER

SR. DIR DONOR RELATIONS & ADV SVCS

Total calculated

$178,130

From this org

$144,274

From related orgs

$0

Other

$33,856

Hours/week

40

Schedule J breakdown matched by us

Base

$136,774

Bonus

$7,500

Other

$0

Deferred

$11,256

Nontaxable benefits

$22,600

Filer's total

$178,130
Jaye DonaldsonJAYE DONALDSON

VP, COMMUNICATIONS & MARKETING

Total calculated

$189,642

From this org

$177,704

From related orgs

$0

Other

$11,938

Hours/week

40

Schedule J breakdown matched by us

Base

$177,704

Bonus

$0

Other

$0

Deferred

$3,141

Nontaxable benefits

$8,797

Filer's total

$189,642

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

3 · Compensation committee
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: THE BOARD HAS THE AUTHORITY TO AWARD THE EXECUTIVE OFFICER WITH A BONUS WHICH IS DEPENDENT UPON HIS PERFORMANCE AND NOT THE FINANCIAL PERFORMANCE OF WPAOG. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. THE EXECUTIVE OFFICER AWARDS BONUSES TO THE OTHER OFFICERS AND EMPLOYEES BASED UPON CONTRACTUAL AGREEMENTS AND MERIT.

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

UNITED STATES MILITARY ACADEMY

$16,711,934

CADET ACTIVITIES
ARMY WEST POINT ATHLETIC ASSOCIATION INC

$7,319,653

CADET ACTIVITIES
UNITED STATES MILITARY ACADEMY

$6,619,769

CADET EDUCATION
UNITED STATES MILITARY ACADEMY

$4,616,991

CADET FACILITIES
UNITED STATES MILITARY ACADEMY

$295,639

USMA MISC
UNITED STATES MILITARY ACADEMY

$22,273

MEMORIAL PROJECTS
UNITED STATES MILITARY ACADEMY

$0

USMA MISC
UNITED STATES MILITARY ACADEMY

$0

USMA MISC
UNITED STATES MILITARY ACADEMY

$0

CADET EDUCATION
UNITED STATES MILITARY ACADEMY

$0

CADET EDUCATION

The 10 largest by cash amount. The API serves every itemized grant.

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.

LGL REAL ESTATE FOUNDATION LLC

REAL ESTATE HOLDING · DE · income $0 · assets $345,790

Directly controlled by ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY
WEST POINT ATHLETICS LLC

PROGRAM DESIGN & DEVELOPMENT · NY · income $0 · assets $459,090

Directly controlled by ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY
MORAL FIGHTING FORCE LLC

REAL ESTATE HOLDING · CA · income $0 · assets $0

Directly controlled by ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY
WPAOG-HVP LLC

YOUTH PROGRAMS · NY · income $0 · assets $45,851

Directly controlled by ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY

Provenance

Return type: form_990
Tax year: 2022
Filed: 23 June 2022
IRS schema version: 2022v5.0
Source object: 202302989349301455

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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