Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $332,137

• 1d · Related organizations

  $1,715,466

• 1f · All other contributions, gifts and grants

  $318,732

• 1g · Noncash contributions included above

  $7,000

• 2a · Program service revenue: PROGRAM EVENTS

  total $89,034 · related or exempt $89,034

• 3 · Investment income

  total $52,216 · excluded $52,216

• 6a · Gross rents

  real property $182,921

• 6b · Less rental expenses

  real property $30,471

• 6c · Rental income or loss

  real property $152,450

• 6d · Net rental income or loss

  total $152,450 · excluded $152,450

• 7a · Gross sales of assets other than inventory

  securities $2,316,341

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

  securities $2,095,034

• 7c · Gain or loss

  securities $221,307

• 7d · Net gain or loss

  total $221,307 · excluded $221,307

• 11a · Other revenue: COMMISSIONS

  total $188,341 · related or exempt $188,341

• 11b · Other revenue: SPONSORSHIPS

  total $60,000 · unrelated business $60,000

• 11c · Other revenue: MISC INCOME

  total $27,007 · related or exempt $27,007

• 11d · All other revenue

  total $21,660 · unrelated business $21,660

• 11e · Other revenue, total

  $297,008

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $226,213 · program services $45,242 · management and general $180,971

• 7 · Other salaries and wages

  total $1,070,503 · program services $862,367 · management and general $151,560 · fundraising $56,576

• 8 · Pension plan contributions

  total $98,360 · program services $76,826 · management and general $15,946 · fundraising $5,588

• 9 · Other employee benefits

  total $185,626 · program services $155,812 · management and general $25,949 · fundraising $3,865

• 10 · Payroll taxes

  total $86,785 · program services $61,491 · management and general $21,050 · fundraising $4,244

• 11b · Fees: legal

  total $975 · management and general $975

• 11c · Fees: accounting

  total $30,460 · management and general $30,460

• 11f · Fees: investment management

  total $67,154 · management and general $67,154

• 11g · Fees: other

  total $109,977 · program services $62,430 · management and general $47,547

• 12 · Advertising and promotion

  total $90,502 · program services $73,232 · management and general $17,270

• 13 · Office expenses

  total $356,664 · program services $219,304 · management and general $134,915 · fundraising $2,445

• 14 · Information technology

  total $26,406 · management and general $26,406

• 15 · Royalties

  total $308 · program services $308

• 16 · Occupancy

  total $40,718 · program services $5,500 · management and general $35,218

• 17 · Travel

  total $75,521 · program services $38,517 · management and general $37,004

• 19 · Conferences, conventions and meetings

  total $35,400 · program services $16,987 · management and general $18,413

• 21 · Payments to affiliates

  total $64,012 · program services $62,862 · management and general $1,150

• 22 · Depreciation, depletion and amortization

  total $12,618 · management and general $12,618

• 23 · Insurance

  total $52,925 · management and general $52,925

• 24a · Other expenses: ENTERTAINMENT

  total $177,350 · program services $133,534 · management and general $43,752 · fundraising $64

• 24b · Other expenses: FEES, DUES AND SUBSCRIP

  total $87,149 · program services $75,817 · management and general $11,332

• 24c · Other expenses: PRODUCTS FOR RESALE

  total $29,481 · fundraising $29,481

• 24e · All other expenses

  total $3,397 · program services $2,654 · management and general $743

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $193,525 · end of year $157,664

• 3 · Pledges and grants receivable

  beginning of year $25,349 · end of year $9,351

• 4 · Accounts receivable

  beginning of year $68,457 · end of year $112,264

• 9 · Prepaid expenses and deferred charges

  beginning of year $25,258 · end of year $13,727

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

  $237,726

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

  $162,777

• 10c · Land, buildings and equipment, net

  beginning of year $87,566 · end of year $74,949

• 15 · Other assets

  beginning of year $5,291,128 · end of year $5,712,373

• 17 · Accounts payable and accrued expenses

  beginning of year $79,178 · end of year $176,441

• 19 · Deferred revenue

  beginning of year $44,688 · end of year $563

• 29 · Capital stock, trust principal or current funds

  beginning of year $1,019,862 · end of year $1,181,560

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $87,566 · end of year $74,949

• 31 · Retained earnings, endowment or other funds

  beginning of year $4,459,989 · end of year $4,646,815

The filer's explanations (Part III)

PART I, LINE 1A

UNIVERSITY CLUB DUES ARE PAID ON BEHALF OF THE ALUMNI ASSOCIATION'S PRESIDENT. THIS IS TREATED AS NONTAXABLE COMPENSATION TO THE PRESIDENT.

PART I, LINE 3

COMPENSATION IS REVIEWED AND SET BY THE PRESIDENT OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION, OR DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT COMPENSATION IS FAIR AND COMPETITIVE WHEN COMPARED TO SIMILAR ROLES IN OTHER ALUMNI ASSOCIATIONS NATIONALLY.