Form 990 for tax year 2023
Filed by UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION INC.
Totals
- Total revenue
- $2,832,649
- Total expenses
- $2,741,718
- Contributions and grants received
- $2,026,595
- Grants paid
- $115,300
- Program service revenue
- $231,940
- Investment income
- $230,867
- Other revenue
- $343,247
- Total assets, end of year
- $11,369,450
- Total liabilities, end of year
- $3,115,523
- Net assets or fund balances, end of year
- $8,253,927
- Program services expenses (Part IX)
- $2,338,856
- Management and general expenses
- $290,883
- Fundraising expenses
- $111,979
- Program service expenses (Part III)
- $2,336,456
Program services were 85.3% 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
$129,829
-
1c · Fundraising events
$76,735
-
1d · Related organizations
$1,199,873
-
1e · Government grants (contributions)
$363,260
-
1f · All other contributions, gifts and grants
$256,898
-
1g · Noncash contributions included above
$35,415
-
2a · Program service revenue: Membership Dues
total $43,276 · related or exempt $43,276
-
2b · Program service revenue: Alumni Events
total $108,680 · related or exempt $108,680
-
2c · Program service revenue: Advertising
total $55,433 · unrelated business $55,433
-
2d · Program service revenue: Merchandising
total $10,659 · related or exempt $8,486 · unrelated business $2,173
-
2e · Program service revenue: Travel
total $13,892 · unrelated business $13,892
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total -$51,005 · excluded -$51,005
-
5 · Royalties
total $347,895 · excluded $347,895
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $3,340,964
-
7b · Less cost or other basis and sales expenses
securities $3,059,092
-
7c · Gain or loss
securities $281,872 · other assets $0
-
7d · Net gain or loss
total $281,872 · excluded $281,872
-
8a · Fundraising events: gross income
$106,858
-
8a · Fundraising events: contributions included on line 1c
$76,735
-
8b · Fundraising events: direct expenses
$111,506
-
8c · Net income from fundraising events
total -$4,648 · excluded -$4,648
-
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.
-
2 · Grants to domestic individuals
total $115,300 · program services $115,300
-
6 · Compensation of disqualified persons
total $483,943 · program services $387,155 · management and general $48,394 · fundraising $48,394
-
11c · Fees: accounting
total $40,371 · program services $40,371
-
11g · Fees: other
total $77,537 · program services $29,204 · management and general $48,333 · fundraising $0
-
12 · Advertising and promotion
total $42,567 · program services $42,567
-
17 · Travel
total $76,103 · program services $74,061 · management and general $2,042
-
19 · Conferences, conventions and meetings
total $13,677 · program services $12,618 · management and general $988 · fundraising $71
-
23 · Insurance
total $41,303 · management and general $41,303
-
24a · Other expenses: Employee Leasing
total $1,264,198 · program services $1,054,472 · management and general $146,212 · fundraising $63,514
-
24b · Other expenses: Event Services
total $312,568 · program services $309,927 · management and general $2,641
-
24c · Other expenses: Postage and Printing
total $217,482 · program services $216,866 · management and general $616
-
24d · Other expenses: Other
total $56,669 · program services $56,315 · management and general $354
-
24e · All other expenses
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 $3,859 · end of year $13,180
-
3 · Pledges and grants receivable
beginning of year $8,393 · end of year $22,111
-
4 · Accounts receivable
beginning of year $8,639 · end of year $53,988
-
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
-
9 · Prepaid expenses and deferred charges
beginning of year $30,693 · end of year $24,478
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $10,195,366 · end of year $11,032,011
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $163,681 · end of year $223,682
-
17 · Accounts payable and accrued expenses
beginning of year $226,947 · end of year $133,895
-
19 · Deferred revenue
beginning of year $2,785,870 · end of year $2,913,464
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $71,346 · end of year $68,164
-
27 · Net assets without donor restrictions
beginning of year $5,618,518 · end of year $6,365,235
-
28 · Net assets with donor restrictions
beginning of year $1,707,950 · end of year $1,888,692
Mission and programs · 2023
Mission
THE MISSION OF THE USF ALUMNI ASSOCIATION IS TO FOSTER A MUTUALLY BENEFICIAL, LIFELONG RELATIONSHIP BETWEEN THE UNIVERSITY AND ITS ALUMNI; TO INSPIRE LOYALTY AND PRIDE AMONG CURRENT AND FUTURE ALUMNI; AND TO ADVOCATE FOR EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE.
Activities or mission (Part I)
The mission of the USF Alumni Association is to foster a mutually beneficial, lifelong relationship between the University and its alumni; to inspire loyalty and pride among current and future alumni; and to advocate for excellence in teaching, research, and public service.
-
ASSISTING THE UNIVERSITY OF SOUTH FLORIDA IN MAINTAINING AND ENHANCING THE MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN THE UNIVERSITY AND ITS ALUMNI, AS WELL AS PROVIDING FUNDS FOR SCHOLARSHIPS.
Expenses $2,336,456 · Revenue $429,180
As filed on the 2023 return.
Listed in Part VII
-
Balaji Ramadoss
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Braulio Coln
Past Chair
- Total calculated
- $213,068
- From this org
- $0
- From related orgs
- $183,596
- Other
- $29,472
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $183,596 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,620 related
- Nontaxable benefits
- $0 + $19,852 related
- Filer's total
- $0 + $213,068 related
-
Christine Turner
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Juan Soltero
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sally Dee
Vice- Chair
- Total calculated
- $0
- Hours/week
- 1
-
Allison Madden
Director
- Total calculated
- $202,804
- From this org
- $0
- From related orgs
- $174,193
- Other
- $28,611
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $170,673 related
- Bonus
- $0 + $2,500 related
- Other
- $0 + $1,020 related
- Deferred
- $0 + $8,755 related
- Nontaxable benefits
- $0 + $19,856 related
- Filer's total
- $0 + $202,804 related
-
Ashley Butler
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Hollis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Diana Michel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Volmy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Emily Coln
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gina Kafalas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Stroman
USF Senior Vice President- Advancement and Alumni Affairs
- Total calculated
- $705,667
- From this org
- $0
- From related orgs
- $655,473
- Other
- $50,194
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $544,853 related
- Bonus
- $0
- Other
- $0 + $110,620 related
- Deferred
- $0 + $28,318 related
- Nontaxable benefits
- $0 + $21,876 related
- Filer's total
- $0 + $705,667 related
-
Jennifer Condon
USF Designee
- Total calculated
- $343,625
- From this org
- $0
- From related orgs
- $307,528
- Other
- $36,097
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $291,508 related
- Bonus
- $0 + $15,000 related
- Other
- $0 + $1,020 related
- Deferred
- $0 + $14,329 related
- Nontaxable benefits
- $0 + $21,768 related
- Filer's total
- $0 + $343,625 related
-
Kerine Black
Director
- Total calculated
- $0
- Hours/week
- 1
-
Luz Randolph
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maja Lacevic
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Giddarie
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maya Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Misty Akers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ram Kancharla
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sara DuCuennois
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sean Schrader
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd St John-Fulton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Verlon Salley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Will Perez
Director
- Total calculated
- $0
- Hours/week
- 1
-
William McCausland
USF Alumni Association Vice President and Executive Director
- Total calculated
- $268,382
- From this org
- $0
- From related orgs
- $234,736
- Other
- $33,646
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $226,923 related
- Bonus
- $0
- Other
- $0 + $7,813 related
- Deferred
- $0 + $11,897 related
- Nontaxable benefits
- $0 + $21,749 related
- Filer's total
- $0 + $268,382 related
-
Jay Hardwick
USF Alumni Association Associate Executive Director
- Total calculated
- $147,338
- From this org
- $0
- From related orgs
- $121,120
- Other
- $26,218
- Hours/week
- 40
-
Kathy Bunch
Program Director
- Total calculated
- $127,409
- From this org
- $0
- From related orgs
- $102,076
- Other
- $25,333
- Hours/week
- 40
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
None.
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
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT, OR THEIR DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER UNIVERSITY NATIONALLY.
- Schedule J, Part I Employees of the University
- EMPLOYEES OF THE UNIVERSITY PERFORM OPERATING FUNCTIONS FOR THE ASSOCIATION. THE UNIVERSITY TRACKS, ADMINISTERS, AND REPORTS ALL PAYROLL AND FRINGE BENEFIT COSTS. THE ASSOCIATION TRANSFERS FUNDS TO THE UNIVERSITY FOR THESE COSTS. THE AMOUNT FUNDED BY THE ASSOCIATION TO THE UNIVERSITY WAS APPROXIMATELY $673,000 FOR THE YEAR ENDED JUNE 30, 2024.
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.
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 of South Florida Board of Trustees
501(c)(1) · Education · FL
Directly controlled by USF Board of Trustees
-
University of South Florida Foundation
501(c)(3) · Foundation · FL
Directly controlled by USF Board of Trustees
-
USF Health Professions Conferencing Corporation
501(c)(3) · Healthcare · FL
Directly controlled by USF Board of Trustees
-
USF Institute of Applied Engineering
501(c)(3) · Education · FL
Directly controlled by USF Board of Trustees
-
501(c)(3) · Research · FL
Directly controlled by USF Board of Trustees
-
501(c)(3) · Event Facility · FL
Directly controlled by USF Board of Trustees
-
University Medical Services Association
501(c)(3) · Support · FL
Directly controlled by USF Board of Trustees
-
501(c)(3) · Financing · FL
Directly controlled by USF Board of Trustees
-
501(c)(3) · Support · FL
Directly controlled by USF Board of Trustees
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511359349309736
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