Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $865,892

• 1f · All other contributions, gifts and grants

  $4,776,545

• 2a · Program service revenue: SHARED PROGRAMS

  total $646,401 · related or exempt $646,401

• 2b · Program service revenue: MEMBERSHIP DUES

  total $602,539 · related or exempt $602,539

• 2c · Program service revenue: OTHER PROGRAM SERVICE INCOME

  total $322,335 · related or exempt $322,335

• 3 · Investment income

  total $776,121 · excluded $776,121

• 5 · Royalties

  total $475,391 · related or exempt $475,391

• 6a · Gross rents

  real property $300,017

• 6b · Less rental expenses

  real property $556,713

• 6c · Rental income or loss

  real property -$256,696

• 6d · Net rental income or loss

  total -$256,696 · related or exempt -$256,696

• 8a · Fundraising events: gross income

  $217,567

• 8a · Fundraising events: contributions included on line 1c

  $865,892

• 8b · Fundraising events: direct expenses

  $531,594

• 8c · Net income from fundraising events

  total -$314,027 · excluded -$314,027

• 10a · Gross sales of inventory

  $36,406

• 10b · Cost of goods sold

  $18,781

• 10c · Net income from sales of inventory

  total $17,625 · unrelated business $17,625

• 11a · Other revenue: TRAVEL PROGRAM

  total $231,658 · unrelated business $231,658

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $177,444 · related or exempt $177,444

• 11c · Other revenue: ADVERTISING

  total $136,500 · unrelated business $136,500

• 11e · Other revenue, total

  $545,602

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $158,639 · program services $158,639

• 2 · Grants to domestic individuals

  total $13,000 · program services $13,000

• 5 · Compensation of officers, directors and key employees

  total $254,200 · program services $63,550 · management and general $63,550 · fundraising $127,100

• 7 · Other salaries and wages

  total $1,476,714 · program services $138,076 · management and general $1,167,721 · fundraising $170,917

• 8 · Pension plan contributions

  total $108,498 · program services $108,498

• 9 · Other employee benefits

  total $405,519 · program services $405,519

• 10 · Payroll taxes

  total $100,280 · program services $100,280

• 11b · Fees: legal

  total $1,817 · management and general $1,817

• 11c · Fees: accounting

  total $13,200 · management and general $13,200

• 11g · Fees: other

  total $95,960 · program services $5,100 · management and general $4,205 · fundraising $86,655

• 12 · Advertising and promotion

  total $84,140 · program services $68,294 · management and general $15,846

• 13 · Office expenses

  total $44,617 · program services $31,087 · management and general $13,530

• 14 · Information technology

  total $41,470 · program services $41,470

• 16 · Occupancy

  total $53,140 · program services $27,384 · management and general $25,756

• 17 · Travel

  total $71,524 · program services $53,031 · management and general $14,072 · fundraising $4,421

• 19 · Conferences, conventions and meetings

  total $260,054 · program services $260,054

• 22 · Depreciation, depletion and amortization

  total $358,248 · program services $294,373 · management and general $63,875

• 23 · Insurance

  total $25,177 · management and general $25,177

• 24a · Other expenses: STUDENT PROGRAMS

  total $729,413 · program services $729,413

• 24b · Other expenses: PRINTING & PUBLICATIONS

  total $201,996 · program services $201,996

• 24c · Other expenses: MISCELLANEOUS

  total $175,939 · program services $117,866 · management and general $35,395 · fundraising $22,678

• 24d · Other expenses: POSTAGE

  total $110,450 · program services $110,450

• 24e · All other expenses

  total $137,744 · program services -$163,365 · management and general $252,437 · fundraising $48,672

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $548,734 · end of year $573,759

• 2 · Savings and temporary cash investments

  beginning of year $564,069 · end of year $2,584,274

• 3 · Pledges and grants receivable

  beginning of year $66,000 · end of year $34,000

• 4 · Accounts receivable

  beginning of year $326,644 · end of year $1,405,833

• 8 · Inventories for sale or use

  beginning of year $63,257 · end of year $70,888

• 9 · Prepaid expenses and deferred charges

  beginning of year $109,572 · end of year $112,961

• 10a · Land, buildings and equipment: cost or other basis

  $14,097,950

• 10b · Land, buildings and equipment: accumulated depreciation

  $7,436,008

• 10c · Land, buildings and equipment, net

  beginning of year $6,651,365 · end of year $6,661,942

• 12 · Investments: other securities

  beginning of year $17,656,161 · end of year $17,946,073

• 17 · Accounts payable and accrued expenses

  beginning of year $556,009 · end of year $390,482

• 19 · Deferred revenue

  beginning of year $131,380 · end of year $85,074

• 25 · Other liabilities

  beginning of year $398,942 · end of year $162,297

• 27 · Net assets without donor restrictions

  beginning of year $18,865,830 · end of year $20,216,976

• 28 · Net assets with donor restrictions

  beginning of year $6,033,641 · end of year $8,534,901

The filer's explanations (Part III)

PART I, LINE 1A

MARILYN SIDENER AND REBECCA WALKER. EXPENSES PAID ARE FOOD/BEVERAGE FOR SPOUSAL TRAVEL TO OR ATTENDING AN ALUMNI ASSOCIATION EVENT IN AN OFFICIAL WORK CAPACITY TO CONDUCT BUSINESS FOR THE ALUMNI ASSOCIATION.