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← ASSOCIATION OF FORMER STUDENTS OF TEXAS A & M UNIVERSITY

Form 990 for tax year 2023

Filed by ASSOCIATION OF FORMER STUDENTS OF TEXAS A & M UNIVERSITY.

Totals

Total revenue
$30,068,333
Total expenses
$25,342,550
Contributions and grants received
$17,403,361
Grants paid
$7,731,990
Program service revenue
$5,545,618
Investment income
$5,797,924
Other revenue
$1,321,430
Total assets, end of year
$219,634,328
Total liabilities, end of year
$5,761,189
Net assets or fund balances, end of year
$213,873,139
Program services expenses (Part IX)
$17,501,725
Management and general expenses
$4,211,081
Fundraising expenses
$3,629,744
Program service expenses (Part III)
$17,501,725

Program services were 69.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PORTER S GARNER III

    PRESIDENT AND CEO

    Total calculated
    $1,269,943
    From this org
    $564,854
    From related orgs
    $0
    Other
    $705,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,242
    Bonus
    $152,250
    Other
    $23,362
    Deferred
    $673,435
    Nontaxable benefits
    $31,654
    Filer's total
    $1,269,943

  • NICHOLAS K TAUNTON

    EXECUTIVE VICE PRESIDENT AND COO

    Total calculated
    $356,064
    From this org
    $278,693
    From related orgs
    $0
    Other
    $77,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,143
    Bonus
    $25,000
    Other
    $13,550
    Deferred
    $48,225
    Nontaxable benefits
    $29,146
    Filer's total
    $356,064

  • CECILEE C HERD

    SENIOR VICE PRESIDENT - ENGAGEMENT

    Total calculated
    $299,050
    From this org
    $229,079
    From related orgs
    $0
    Other
    $69,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,063
    Bonus
    $15,000
    Other
    $14,016
    Deferred
    $39,893
    Nontaxable benefits
    $30,078
    Filer's total
    $299,050

  • MARTIN W HOLMES

    VICE PRESIDENT

    Total calculated
    $270,353
    From this org
    $220,482
    From related orgs
    $0
    Other
    $49,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,616
    Bonus
    $12,500
    Other
    $11,366
    Deferred
    $36,016
    Nontaxable benefits
    $13,855
    Filer's total
    $270,353

  • SCOT O WALKER

    VICE PRESIDENT

    Total calculated
    $256,398
    From this org
    $209,690
    From related orgs
    $0
    Other
    $46,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,956
    Bonus
    $15,000
    Other
    $734
    Deferred
    $35,538
    Nontaxable benefits
    $11,170
    Filer's total
    $256,398

  • ANDREW ARIZPE

    VICE PRESIDENT - CFO

    Total calculated
    $253,080
    From this org
    $193,864
    From related orgs
    $0
    Other
    $59,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,203
    Bonus
    $12,500
    Other
    $161
    Deferred
    $35,232
    Nontaxable benefits
    $23,984
    Filer's total
    $253,080

  • ANDREA CHRIETZBERG

    CONTROLLER

    Total calculated
    $171,618
    From this org
    $125,886
    From related orgs
    $0
    Other
    $45,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,487
    Bonus
    $10,000
    Other
    $399
    Deferred
    $34,103
    Nontaxable benefits
    $11,629
    Filer's total
    $171,618

  • ALLISON SEIBERT

    VICE PRESIDENT

    Total calculated
    $162,370
    From this org
    $122,108
    From related orgs
    $0
    Other
    $40,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,031
    Bonus
    $10,000
    Other
    $77
    Deferred
    $22,035
    Nontaxable benefits
    $18,227
    Filer's total
    $162,370

  • TARA JIRINEC

    DIRECTOR OF INFORMATION SYSTEMS

    Total calculated
    $149,128
    From this org
    $117,622
    From related orgs
    $0
    Other
    $31,506
    Hours/week
    40

  • ARCH H BEAVER APLIN III

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CHARLES B BRAD BYNUM

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JOHN F DICKERSON

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LAURIE HILL GUTIERREZ

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ANNA CECILIA CISSIE GONZALEZ

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MARK C HEROD SR

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JOHNITA DAVIS JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SHARA B MCCLURE

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KEN ROBINSON

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • LIAS J JEFF STEEN

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ROBERT H WHITE

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JOHN B ZACHRY

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • BRUCE E CHINN

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • AARON M POOL

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • BOBBY JENKINS

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5

  • DARA G HEGAR

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT E BOB JORDAN

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 1A
THE ASSOCIATION PROVIDES THE PRESIDENT AND CEO A GOLF MEMBERSHIP AT PEBBLE CREEK COUNTRY CLUB. COUNTRY CLUB MEMBERSHIPS WERE INCLUDED ON THE PRESIDENT AND CEO'S FORM W-2'S AS TAXABLE INCOME. INFREQUENTLY, THE ASSOCIATION WILL USE A PRIVATE PLANE OR PRIVATE SHUTTLE FOR TRAVEL. ON OCCASION, WHEN CERTAIN EMPLOYEES ARE ATTENDING AN EVENT WHERE SPOUSES ARE ENCOURAGED TO ATTEND BECAUSE OTHER ATTENDEES WILL BE ACCOMPANIED BY THEIR SPOUSE, IT IS THE ASSOCIATION'S POLICY TO ALLOW SPOUSES AND OR COMPANIONS TO ATTEND WITH ADEQUATE EXPLANATION PRIOR TO THE TRAVEL AND ADEQUATE APPROVALS. TRAVEL FOR COMPANIONS IS INCLUDED ON FORM W-2 AS TAXABLE INCOME.
PART I, LINE 4B
IN 2021, THE ASSOCIATION ENTERED INTO A DEFERRED COMPENSATION PLAN. THE ASSOCIATION ACCRUES THE PRESENT VALUE OF THE ESTIMATED FUTURE BENEFIT PAYMENTS TO BE MADE OVER THE LIFE OF THE PLAN, WHICH ENDS ON MARCH 15, 2028. THE ASSOCIATION RECOGNIZED EXPENSES OF $865,685 IN 2023 RELATED TO THIS PLAN, WHICH WAS INCLUDED IN BOTH SHORT-TERM AND LONG-TERM ACCRUED LIABILITIES ON THE STATEMENT OF FINANCIAL POSITION. THE AMOUNTS TO BE EARNED UNDER THE PLAN VEST OVER TIME AND ARE BASED ON SPECIFIC REQUIREMENTS BEING MET PER THE PLAN DOCUMENT. IN 2024, A PORTION WAS VESTED AND PAID OUT.
PART I, LINE 7
ANNUAL VARIABLE PAY DISTRIBUTIONS FOR THE STAFF OF THE ORGANIZATION ARE DETERMINED BY THE PRESIDENT AND CEO. THE YEARLY VARIABLE PAY FOR THE PRESIDENT/CEO IS DETERMINED BY THE BOARD.

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

  • TEXAS A&M UNIVERSITY

    $7,731,990

    OVER $1.2 MILLION WAS DONATED TO TAMU IN 2023 FOR THE CONSTRUCTION OF AGGIE PARK. THE REMAINDER OF THE GRANT TO TAMU WAS FOR THE FOLLOWING ITEMS: SUPPORT OF STUDENTS THROUGH ACTIVITIES, SCHOLARSHIPS, ACADEMIC SUPPORT, PROGRAMS, AWARDS, AND CAREER SERVICES; DEVELOP PARTNERSHIPS TO PROMOTE STUDENTS; ENDEAVORS AND EXPOSES CURRENT STUDENTS TO THE ASSOCIATION AND THE WORLDWIDE AGGIE NETWORK; STRIVE TO BRING THE ASSOCIATION AND THE AGGIE NETWORK TO ALL AGGIES WHILE ON CAMPUS; AND FOSTER RELATIONSHIPS WITH UNIVERSITY ADMINISTRATORS, FACULTY AND STAFF, AND COORDINATES EFFORTS WITH THE UNIVERSITY ON ASSOCIATION-FUNDED PROJECTS, PROGRAMS, AND AWARDS.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349315123

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