Form 990 for tax year 2023
Filed by ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN.
Totals
- Total revenue
- $25,613,410
- Total expenses
- $23,216,167
- Contributions and grants received
- $6,750,295
- Grants paid
- $2,086,786
- Program service revenue
- $13,073,623
- Investment income
- $5,763,334
- Other revenue
- $26,158
- Total assets, end of year
- $183,150,741
- Total liabilities, end of year
- $15,351,253
- Net assets or fund balances, end of year
- $167,799,488
- Program services expenses (Part IX)
- $13,593,080
- Management and general expenses
- $5,286,772
- Fundraising expenses
- $4,336,315
- Program service expenses (Part III)
- $13,593,080
Program services were 58.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$3,336,776
-
1c · Fundraising events
$16,050
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$3,397,469
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Camp Michigania Programs
total $5,454,523 · related or exempt $5,384,316 · unrelated business $70,207 · excluded $0
-
2b · Program service revenue: Alumni Program Services
total $5,721,121 · related or exempt $5,721,121 · unrelated business $0 · excluded $0
-
2c · Program service revenue: University Support
total $750,000 · related or exempt $750,000 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Alumni Travel Program
total $502,994 · related or exempt $0 · unrelated business $502,994 · excluded $0
-
2e · Program service revenue: Alum Magazine Publication
total $644,985 · related or exempt $47,650 · unrelated business $597,335 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $5,763,334 · related or exempt $0 · unrelated business $0 · excluded $5,763,334
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$131,075
-
10b · Cost of goods sold
$104,917
-
10c · Net income from sales of inventory
total $26,158 · related or exempt $26,158 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $2,086,786 · program services $2,086,786
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $10,602,379 · program services $4,572,586 · management and general $3,223,555 · fundraising $2,806,238
-
11b · Fees: legal
total $75,091 · program services $0 · management and general $74,555 · fundraising $536
-
11c · Fees: accounting
total $53,500 · program services $0 · management and general $53,500 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $2,626,260 · program services $1,539,050 · management and general $9,466 · fundraising $1,077,744
-
13 · Office expenses
total $1,111,998 · program services $445,142 · management and general $383,120 · fundraising $283,736
-
14 · Information technology
total $627,875 · program services $239,130 · management and general $388,257 · fundraising $488
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $320,821 · program services $212,204 · management and general $100,721 · fundraising $7,896
-
17 · Travel
total $700,559 · program services $256,305 · management and general $301,143 · fundraising $143,111
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $3,164,739 · program services $2,996,443 · management and general $151,920 · fundraising $16,376
-
20 · Interest
total $176,147 · program services $66,164 · management and general $109,983 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,116,342 · program services $766,375 · management and general $349,967 · fundraising $0
-
23 · Insurance
total $249,040 · program services $118,032 · management and general $131,008 · fundraising $0
-
24a · Other expenses: Maintenance and Repairs
total $256,980 · program services $247,213 · management and general $9,577 · fundraising $190
-
24b · Other expenses: Readership Costs
total $47,650 · program services $47,650 · management and general $0 · fundraising $0
-
24c · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,000 · end of year $120,000
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $3,269,559 · end of year $3,201,455
-
4 · Accounts receivable
beginning of year $1,680,921 · end of year $1,485,415
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $91,600 · end of year $119,857
-
9 · Prepaid expenses and deferred charges
beginning of year $622,878 · end of year $422,462
-
10a · Land, buildings and equipment: cost or other basis
$31,787,650
-
10b · Land, buildings and equipment: accumulated depreciation
$17,211,909
-
10c · Land, buildings and equipment, net
beginning of year $15,044,750 · end of year $14,575,741
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $150,999,409 · end of year $163,225,811
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,628,486 · end of year $2,305,423
-
18 · Grants payable
beginning of year $4,471,928 · end of year $4,814,116
-
19 · Deferred revenue
beginning of year $4,506,852 · end of year $4,592,513
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $4,852,268 · end of year $3,639,201
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $97,371,774 · end of year $102,742,250
-
28 · Net assets with donor restrictions
beginning of year $57,997,809 · end of year $65,057,238
Mission and programs · 2023
Mission
The Association is an independent worldwide organization that nurtures lifelong relationships with and among current and future Michigan alumni. As a committed partner of the University the Association offers programs of relevance and service to alumni and creates support for the University. Underlying all that we do is the belief in the value of education to the well-being of society a commitment to integrity diversity and service.
-
Coordination of a nationwide network of alumni volunteers who support the University by recruiting academically gifted students and raising funds for student scholarships.
Expenses $6,601,848 · Grants $2,086,786 · Revenue $5,721,121
-
Publications and electronic newsletters to keep alumni informed about current activities at the University of Michigan and highlighting the fundraising and other priorities of the University.
Expenses $629,482 · Revenue $47,650
-
Membership benefits and services including coordination and sponsorship of programming to enrich the lives of University of Michigan alumni and students. This also includes networking and job assistance online networking reunions and special events.
Expenses $1,106,549 · Revenue $750,000
-
The Association offers alumni and their families unique opportunities for alumni interchange and intellectual stimulation through seminars with University of Michigan faculty in educational and social settings.
Expenses $5,255,201 · Revenue $5,410,474
As filed on the 2023 return.
Listed in Part VII
-
Ayanna McConnell
President and CEO
- Total calculated
- $407,201
- From this org
- $407,201
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $355,430
- Bonus
- $0
- Other
- $0
- Deferred
- $35,543
- Nontaxable benefits
- $16,228
- Filer's total
- $407,201
-
Corie Pauling
Former President and CEO
- Total calculated
- $910,630
- From this org
- $910,630
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $364,234
- Bonus
- $0
- Other
- $515,000
- Deferred
- $23,226
- Nontaxable benefits
- $8,170
- Filer's total
- $910,630
-
Steve Grafton
Former President and CEO
- Total calculated
- $348,637
- From this org
- $348,637
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $292,334
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $56,303
- Filer's total
- $348,637
-
Angila Chapman
VP and CFO
- Total calculated
- $312,379
- From this org
- $312,379
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $272,682
- Bonus
- $0
- Other
- $0
- Deferred
- $27,268
- Nontaxable benefits
- $12,429
- Filer's total
- $312,379
-
Dave Schueler
Sr VP - Alumni Engagement
- Total calculated
- $311,540
- From this org
- $311,540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $256,420
- Bonus
- $0
- Other
- $0
- Deferred
- $25,642
- Nontaxable benefits
- $29,478
- Filer's total
- $311,540
-
Shumiala Kinnear
VP University Relations
- Total calculated
- $255,101
- From this org
- $255,101
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $213,707
- Bonus
- $0
- Other
- $0
- Deferred
- $21,371
- Nontaxable benefits
- $20,023
- Filer's total
- $255,101
-
Andre Zoldan
Exec Director of Technology
- Total calculated
- $229,641
- From this org
- $229,641
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $181,141
- Bonus
- $0
- Other
- $0
- Deferred
- $18,114
- Nontaxable benefits
- $30,360
- Filer's total
- $229,615
-
Ashok Sanampudi
Salesforce Developer
- Total calculated
- $168,427
- From this org
- $168,427
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $147,224
- Bonus
- $0
- Other
- $0
- Deferred
- $14,722
- Nontaxable benefits
- $6,481
- Filer's total
- $168,427
-
Ed Bourelly
VP Marketing and Communications
- Total calculated
- $221,996
- From this org
- $221,996
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $208,686
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,310
- Filer's total
- $221,996
-
James McRae
Exec Director - Michigania
- Total calculated
- $163,553
- From this org
- $163,553
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $132,347
- Bonus
- $0
- Other
- $0
- Deferred
- $13,235
- Nontaxable benefits
- $17,971
- Filer's total
- $163,553
-
Mary Kay Haben
Chair
- Total calculated
- $0
- Hours/week
- 0
-
Kurtis Wilder
Chair Elect
- Total calculated
- $0
- Hours/week
- 0
-
Thomas Hawkins
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Gabriela Teran
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Wendell Brooks
Director
- Total calculated
- $0
- Hours/week
- 0
-
Wayee Chu
Director
- Total calculated
- $0
- Hours/week
- 0
-
Joseph Giles
Director
- Total calculated
- $0
- Hours/week
- 0
-
Salene Hitchcock-Gear
Director
- Total calculated
- $0
- Hours/week
- 0
-
Monica Howard Douglas
Director
- Total calculated
- $0
- Hours/week
- 0
-
Li Li Leung
Director
- Total calculated
- $0
- Hours/week
- 0
-
Prakash Patel
Director
- Total calculated
- $0
- Hours/week
- 0
-
Anup Popat
Director
- Total calculated
- $0
- Hours/week
- 0
-
Emilie Rubinfeld
Director
- Total calculated
- $0
- Hours/week
- 0
-
John Sabat
Director
- Total calculated
- $0
- Hours/week
- 0
-
Charles Schwartz
Director
- Total calculated
- $0
- Hours/week
- 0
-
Rajiv Shah
Director
- Total calculated
- $0
- Hours/week
- 0
-
Steve Shindler
Director
- Total calculated
- $0
- Hours/week
- 0
-
Paul Viera
Director
- Total calculated
- $0
- Hours/week
- 0
-
Rick Wallace
Director
- Total calculated
- $0
- Hours/week
- 0
-
Sophie Wong
Director
- Total calculated
- $0
- Hours/week
- 0
-
Lynn Wooten
Director
- Total calculated
- $0
- Hours/week
- 0
-
Linda Zhang
Director
- Total calculated
- $0
- Hours/week
- 0
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 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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 4a
- | Name :, Amount:| Corie Pauling, 515000|
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530389349300403
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