Form 990 for tax year 2023
Filed by UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION.
Totals
- Total revenue
- $5,831,915
- Total expenses
- $4,975,101
- Contributions and grants received
- $2,202,167
- Grants paid
- $113,000
- Program service revenue
- $684,741
- Investment income
- $2,497,082
- Other revenue
- $447,925
- Total assets, end of year
- $35,015,083
- Total liabilities, end of year
- $1,220,756
- Net assets or fund balances, end of year
- $33,794,327
- Program services expenses (Part IX)
- $3,141,818
- Management and general expenses
- $855,593
- Fundraising expenses
- $977,690
- Program service expenses (Part III)
- $3,141,818
Program services were 63.2% 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
$723,489
-
1e · Government grants (contributions)
$1,200,080
-
1f · All other contributions, gifts and grants
$278,598
-
2a · Program service revenue: ADVERTISING
total $239,672 · unrelated business $239,672
-
2b · Program service revenue: TOURS
total $231,622 · unrelated business $231,622
-
2c · Program service revenue: PROGRAM FEES
total $213,447 · related or exempt $213,447
-
3 · Investment income
total $644,860 · excluded $644,860
-
5 · Royalties
total $217,804 · unrelated business $81,697 · excluded $136,107
-
7a · Gross sales of assets other than inventory
securities $1,852,222
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,852,222
-
7d · Net gain or loss
total $1,852,222 · excluded $1,852,222
-
10a · Gross sales of inventory
$276,461
-
10b · Cost of goods sold
$138,016
-
10c · Net income from sales of inventory
total $138,445 · unrelated business $138,445
-
11a · Other revenue: OWNER'S MANAGEMENT FEE
total $81,670 · excluded $81,670
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $10,006 · excluded $10,006
-
11e · Other revenue, total
$91,676
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $113,000 · program services $113,000
-
5 · Compensation of officers, directors and key employees
total $749,539 · program services $405,623 · management and general $212,896 · fundraising $131,020
-
7 · Other salaries and wages
total $1,624,841 · program services $1,129,438 · management and general $131,310 · fundraising $364,093
-
8 · Pension plan contributions
total $149,369 · program services $104,178 · management and general $11,276 · fundraising $33,915
-
9 · Other employee benefits
total $317,218 · program services $221,245 · management and general $23,947 · fundraising $72,026
-
10 · Payroll taxes
total $104,713 · program services $73,032 · management and general $7,905 · fundraising $23,776
-
11b · Fees: legal
total $26,677 · program services $16,737 · management and general $3,300 · fundraising $6,640
-
11c · Fees: accounting
total $36,182 · management and general $36,182
-
11f · Fees: investment management
total $233,197 · management and general $233,197
-
11g · Fees: other
total $270,664 · program services $175,901 · management and general $33,939 · fundraising $60,824
-
12 · Advertising and promotion
total $2,631 · program services $2,631
-
13 · Office expenses
total $512,252 · program services $367,211 · management and general $51,588 · fundraising $93,453
-
14 · Information technology
total $152,870 · program services $99,687 · management and general $9,649 · fundraising $43,534
-
16 · Occupancy
total $290,431 · program services $182,229 · management and general $35,933 · fundraising $72,269
-
17 · Travel
total $48,710 · program services $20,279 · management and general $19,464 · fundraising $8,967
-
19 · Conferences, conventions and meetings
total $290,143 · program services $197,707 · management and general $36,461 · fundraising $55,975
-
22 · Depreciation, depletion and amortization
total $24,870 · program services $17,287 · management and general $2,585 · fundraising $4,998
-
23 · Insurance
total $24,916 · program services $15,633 · management and general $3,083 · fundraising $6,200
-
24a · Other expenses: MISCELLANEOUS
total $2,878 · management and general $2,878
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $353,660 · end of year $135,959
-
4 · Accounts receivable
beginning of year $207,132 · end of year $309,329
-
9 · Prepaid expenses and deferred charges
beginning of year $347,141 · end of year $384,046
-
10a · Land, buildings and equipment: cost or other basis
$423,039
-
10b · Land, buildings and equipment: accumulated depreciation
$338,469
-
10c · Land, buildings and equipment, net
beginning of year $67,379 · end of year $84,570
-
12 · Investments: other securities
beginning of year $30,656,392 · end of year $32,876,518
-
15 · Other assets
beginning of year $1,089,496 · end of year $1,224,661
-
17 · Accounts payable and accrued expenses
beginning of year $293,428 · end of year $322,361
-
19 · Deferred revenue
beginning of year $65,289 · end of year $80,289
-
25 · Other liabilities
beginning of year $960,318 · end of year $818,106
-
27 · Net assets without donor restrictions
beginning of year $30,291,116 · end of year $32,575,641
-
28 · Net assets with donor restrictions
beginning of year $1,111,049 · end of year $1,218,686
Mission and programs · 2023
Mission
THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION (UMAA) FOSTERS A LIFELONG SPIRIT OF BELONGING AND PRIDE BY CONNECTING ALUMNI, STUDENTS, AND FRIENDS TO THE UNIVERSITY OF MINNESOTA AND EACH OTHER. THE ALUMNI ASSOCIATION ADVOCATES FOR THE UNIVERSITY AND ITS ALUMNI WITH A CREDIBLE, INDEPENDENT, AND COLLABORATIVE VOICE.
Activities or mission (Part I)
CONNECTING ALUMNI, STUDENTS, AND FRIENDS IN SUPPORT OF THE UNIVERSITY OF MINNESOTA AND EACH OTHER.
-
BUILDING UNIVERSITY CONNECTIONS-PROGRAMS AND ACTIVITIES:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION PROVIDES OPPORTUNITIES FOR ALUMNI TO BE AMBASSADORS FOR THE IMPORTANT WORK OF THE UNIVERSITY. THE ASSOCIATION PROVIDES AND PROMOTES PROGRAMS AND ACTIVITIES INCLUDING HOMECOMING EVENTS, SPEAKERS AND PERFORMANCES, SUPPORT OF UNIVERSITY ATHLETIC TEAMS, A GROUP TRAVEL PROGRAM, MENTORING, NETWORKING, AND SOCIAL AND SERVICE OPPORTUNITIES. THE ASSOCIATION ALSO SUPPORTS THE ACTIVIES AND EVENTS OF THE COLLEGIATE ALUMNI SOCIETIES AND GEOGRAPHIC ALUMNI CHAPTERS.
Expenses $1,547,938 · Revenue $213,447
-
PUBLICATIONS AND COMMUNICATIONS:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION BRINGS NEWS ABOUT THE UNIVERSITY AND ALUMNI TO MEMBERS, ALUMNI AND THE PUBLIC THROUGH MULTIPLE MEDIA CHANNELS. THE AWARD-WINNING MINNESOTA MAGAZINE IS SENT TO MEMBERS IN PRINTED FORM AND IS AVAILABLE TO ALUMNI AND THE PUBLIC ONLINE. THE ASSOCIATION ALSO PROVIDES INFORMATION TO ALUMNI ABOUT EVENTS, ACTIVITIES, UNIVERSITY AND ALUMNI ASSOCIATION NEWS, MEMBER BENEFITS AND DISCOUNTS, AND OTHER OPPORTUNITIES THROUGH ALUMNI E-NEWS, A WEEKLY ALL-ALUMNI EMAIL NEWSLETTER. THE ASSOCIATION ALSO PROVIDES EXTENSIVE INFORMATION AND UPDATES THROUGH SOCIAL MEDIA AND ON ITS WEB SITE, WWW.UMNALUMNI.ORG.
Expenses $1,318,059
-
BUILDING UNIVERSITY CONNECTION:THE ALUMNI ASSOCIATION CONNECTS OVER 526,000 ALUMNI OF THE UNIVERSITY OF MINNESOTA TWIN CITIES AND ROCHESTER CAMPUSES WITH THE UNIVERSITY AND EACH OTHER. ALUMNI SERVICE FUNCTIONS INCLUDE UPDATING CONTACT INFORMATION AND PREFERENCES, PROVIDING ACCESS TO UNIVERSITY DEPARTMENTS AND SERVICES, AND GAUGING ALUMNI INTERESTS AND CONCERNS AND COMMUNICATING THEM TO UNIVERSITY OFFICIALS. THE ASSOCIATION'S 35,000 MEMBERS PROVIDE FINANCIAL SUPPORT FOR ALUMNI SERVICES. THEY RECEIVE MEMBER BENEFITS SUCH AS DISCOUNTS, A MAGAZINE SUBSCRIPTION AND SPECIAL PRICING AND EARLY ACCESS TO EVENTS.
Expenses $162,821
-
ADVOCACY AND SERVICE:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION PROVIDES OPPORTUNITIES FOR ALUMNI INVOLVEMENT FOR THE BENEFIT OF THE UNVERSITY AND ITS STUDENTS THROUGH SUCH PROGRAMS AS THE LEGISLATIVE NETWORK, UNIVERSITY ADVOCACY INITIATIVES, STUDENT ORIENTATION AND MENTORING, AND SUPPORT OF SCHOLARSHIPS AND EXCEPTIONAL TEACHING. BY VIRTUE OF THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION'S EFFORTS, UNIVERSITY GRADS HAVE MANY OPPORTUNITIES TO SUPPORT THE IMPORTANT WORK OF THE UNIVERSITY.
Expenses $113,000 · Grants $113,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa LewisLISA LEWIS
PRESIDENT & CEO
- Total calculated
- $342,088
- From this org
- $285,328
- From related orgs
- $0
- Other
- $56,760
- Hours/week
- 48 + 0.5 related
Schedule J breakdown matched by us
- Base
- $284,554
- Bonus
- $0
- Other
- $774
- Deferred
- $29,056
- Nontaxable benefits
- $27,704
- Filer's total
- $342,088
-
Pat DuncansonPAT DUNCANSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tony WagnerTONY WAGNER
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Ann SheldonANN SHELDON
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nadia HasanNADIA HASAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Betsy VohsBETSY VOHS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael ClausmanMICHAEL CLAUSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BerakiSARAH BERAKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana BondDANA BOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark JeterMARK JETER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Taranvir JohalTARANVIR JOHAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol Johnson DeanCAROL JOHNSON DEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie OlsonJULIE OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peyton Owens IIIPEYTON OWENS III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christina Pieper-BigelowCHRISTINA PIEPER-BIGELOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lakeesha RansomLAKEESHA RANSOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger ReinertROGER REINERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amanda RodriguezAMANDA RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen SchmidlkoferKATHLEEN SCHMIDLKOFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh StevensJOSH STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert DotyROBERT DOTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wokie DabohWOKIE DABOH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shashank MuraliSHASHANK MURALI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason RohloffJASON ROHLOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William CollinsWILLIAM COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megan SweetMEGAN SWEET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sara DavisSARA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles HelmCHARLES HELM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emilia Ndely-OgundipeEMILIA NDELY-OGUNDIPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel RichardsonGABRIEL RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel GarryDANIEL GARRY
VICE PRESIDENT & CFO
- Total calculated
- $164,159
- From this org
- $117,393
- From related orgs
- $0
- Other
- $46,766
- Hours/week
- 48 + 1 related
Schedule J breakdown matched by us
- Base
- $116,893
- Bonus
- $0
- Other
- $500
- Deferred
- $12,780
- Nontaxable benefits
- $33,986
- Filer's total
- $164,159
-
Lisa HuberLISA HUBER
VICE PRESIDENT OF MARKETING
- Total calculated
- $140,075
- From this org
- $109,184
- From related orgs
- $0
- Other
- $30,891
- Hours/week
- 48
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 · 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
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
-
UNIVERSITY OF MINNESOTA
$113,000
TEACHING AWARDS AND STUDENT SCHOLARSHIPS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UNIVERSITY GATEWAY CORPORATION
501(C)(3) · OWNS AND OPERATES FACILITY TO SUPPORT ITS BENEFICIARY ORGANIZATIONS · MN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531349349309393
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.