← ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN

Form 990 for tax year 2022

Filed by ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN.

Totals

Total revenue: $21,605,755
Total expenses: $21,089,967
Contributions and grants received: $7,808,434
Grants paid: $1,843,450
Program service revenue: $8,413,738
Investment income: $5,339,478
Other revenue: $44,105
Total assets, end of year: $171,829,117
Total liabilities, end of year: $16,459,534
Net assets or fund balances, end of year: $155,369,583
Program services expenses (Part IX): $11,006,448
Management and general expenses: $5,949,087
Fundraising expenses: $4,134,432
Program service expenses (Part III): $11,006,448

Program services were 52.2% 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.

1a · Federated campaigns

$0
1b · Membership dues

$3,317,335
1c · Fundraising events

$20,795
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$4,470,304
1g · Noncash contributions included above

$0
2a · Program service revenue: Camp Michigania Programs

total $4,836,091 · related or exempt $4,818,383 · unrelated business $17,708 · excluded $0
2b · Program service revenue: Other professional scientific and technical services

total $1,957,471 · related or exempt $1,957,471 · 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: Tour Operators

total $359,854 · related or exempt $0 · unrelated business $359,854 · excluded $0
2e · Program service revenue: Alum Magazine Publication

total $510,322 · related or exempt $33,281 · unrelated business $477,041 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $5,339,478 · related or exempt $0 · unrelated business $0 · excluded $5,339,478
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

$58,593
10b · Cost of goods sold

$14,488
10c · Net income from sales of inventory

total $44,105 · related or exempt $44,105 · 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 $1,843,450 · program services $1,843,450
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 $11,836,478 · program services $4,888,263 · management and general $4,136,372 · fundraising $2,811,843
11b · Fees: legal

total $70,523 · program services $4,526 · management and general $48,903 · fundraising $17,094
11c · Fees: accounting

total $50,500 · program services $0 · management and general $50,500 · 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 $1,563,004 · program services $577,511 · management and general $67,791 · fundraising $917,702
13 · Office expenses

total $1,025,438 · program services $469,336 · management and general $333,072 · fundraising $223,030
14 · Information technology

total $550,686 · program services $204,662 · management and general $341,375 · fundraising $4,649
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $255,761 · program services $175,958 · management and general $79,563 · fundraising $240
17 · Travel

total $532,508 · program services $196,042 · management and general $229,584 · fundraising $106,882
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $1,678,121 · program services $1,520,980 · management and general $104,227 · fundraising $52,914
20 · Interest

total $148,946 · program services $55,455 · management and general $93,491 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $1,077,068 · program services $750,744 · management and general $326,324 · fundraising $0
23 · Insurance

total $243,311 · program services $110,207 · management and general $133,104 · fundraising $0
24a · Other expenses: Maintenance and Repairs

total $180,892 · program services $176,033 · management and general $4,781 · fundraising $78
24b · Other expenses: Readership Costs

total $33,281 · program services $33,281 · 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 $119,970 · 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 $2,936,359 · end of year $3,269,559
4 · Accounts receivable

beginning of year $1,881,541 · end of year $1,680,921
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 $83,265 · end of year $91,600
9 · Prepaid expenses and deferred charges

beginning of year $444,340 · end of year $622,878
10a · Land, buildings and equipment: cost or other basis

$31,140,317
10b · Land, buildings and equipment: accumulated depreciation

$16,095,567
10c · Land, buildings and equipment, net

beginning of year $15,549,817 · end of year $15,044,750
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $155,558,789 · end of year $150,999,409
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 $1,715,348 · end of year $2,628,486
18 · Grants payable

beginning of year $4,345,041 · end of year $4,471,928
19 · Deferred revenue

beginning of year $4,476,167 · end of year $4,506,852
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 $6,065,335 · end of year $4,852,268
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 $104,504,071 · end of year $97,371,774
28 · Net assets with donor restrictions

beginning of year $55,468,119 · end of year $57,997,809

Mission and programs · 2022

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 $4,752,270 · Grants $1,843,450 · Revenue $1,957,471
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 $515,574 · Revenue $33,281
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 $1,090,444 · Revenue $750,000

As filed on the 2022 return.

Listed in Part VII

Ayanna McConnell

Acting President and CEO

Total calculated

$254,169

From this org

$254,169

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$210,523

Bonus

$0

Other

$0

Deferred

$19,331

Nontaxable benefits

$24,315

Filer's total

$254,169
Steve Grafton

President CEO - Part Year

Total calculated

$650,672

From this org

$650,672

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$589,806

Bonus

$0

Other

$0

Deferred

$40,667

Nontaxable benefits

$20,199

Filer's total

$650,672
Corie Pauling

President CEO - Part Year

Total calculated

$216,781

From this org

$216,781

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$204,602

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$12,179

Filer's total

$216,781
Dave Schueler

Sr VP - Alumni Engagement

Total calculated

$296,123

From this org

$296,123

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$244,377

Bonus

$0

Other

$0

Deferred

$22,382

Nontaxable benefits

$29,364

Filer's total

$296,123
Angila Chapman

VP CFO

Total calculated

$292,525

From this org

$292,525

From related orgs

$0

Other

$0

Hours/week

0

Schedule J breakdown matched by us

Base

$255,365

Bonus

$0

Other

$0

Deferred

$23,452

Nontaxable benefits

$13,708

Filer's total

$292,525
Mary Kay Haben

Chair

Total calculated

$0

Hours/week

0
Kathleen Wilson-Thompson

Past Chair

Total calculated

$0

Hours/week

0
Thomas Hawkins

Treasurer

Total calculated

$0

Hours/week

0
Gabriela Teran

Secretary

Total calculated

$0

Hours/week

0
Jamar Adams

Director

Total calculated

$0

Hours/week

0
Tonya Allen

Director

Total calculated

$0

Hours/week

0
Wendell Brooks

Director

Total calculated

$0

Hours/week

0
Fritz Brown

Director

Total calculated

$0

Hours/week

0
Wayee Chu

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
Joseph Giles

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
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
Kurtis Wilder

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 · 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

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: 2022
Filed: 30 January 2024
IRS schema version: 2022v5.0
Source object: 202400309349300305

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