Form 990 for tax year 2024
Filed by ALUMNI ASSOCIATION OF THE UNIVERSITY OF MISSISSIPPI.
Totals
- Total revenue
- $6,320,320
- Total expenses
- $4,425,118
- Contributions and grants received
- $3,002,519
- Grants paid
- $0
- Program service revenue
- $2,958,102
- Investment income
- $319,341
- Other revenue
- $40,358
- Total assets, end of year
- $14,196,842
- Total liabilities, end of year
- $463,541
- Net assets or fund balances, end of year
- $13,733,301
- Program services expenses (Part IX)
- $3,802,475
- Management and general expenses
- $526,935
- Fundraising expenses
- $95,708
- Program service expenses (Part III)
- $3,802,475
Program services were 85.9% 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
$1,048,084
-
1f · All other contributions, gifts and grants
$1,954,435
-
2a · Program service revenue: BANQUET AND CAFE REVENUE
total $1,899,440 · unrelated business $1,899,440
-
2b · Program service revenue: REGISTRATION & FEES
total $550,876 · related or exempt $550,876
-
2c · Program service revenue: ALUMNI EVENT FUNDING
total $378,298 · related or exempt $378,298
-
2d · Program service revenue: ADVERTISING
total $74,508 · unrelated business $74,508
-
2e · Program service revenue: TRAVEL COMMISSIONS/ROYALTIES
total $54,980 · unrelated business $54,980
-
3 · Investment income
total $319,341 · excluded $319,341
-
5 · Royalties
total $27,872 · related or exempt $27,872
-
8a · Fundraising events: gross income
$19,350
-
8b · Fundraising events: direct expenses
$6,864
-
8c · Net income from fundraising events
total $12,486 · excluded $12,486
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,188,230 · program services $864,853 · management and general $257,493 · fundraising $65,884
-
9 · Other employee benefits
total $397,503 · program services $289,541 · management and general $81,966 · fundraising $25,996
-
11c · Fees: accounting
total $22,000 · program services $19,800 · management and general $2,200
-
11f · Fees: investment management
total $7,891 · management and general $7,891
-
11g · Fees: other
total $45,539 · program services $10,918 · management and general $34,621
-
12 · Advertising and promotion
total $14,603 · program services $14,603
-
13 · Office expenses
total $178,614 · program services $147,728 · management and general $27,549 · fundraising $3,337
-
14 · Information technology
total $79,018 · program services $71,118 · management and general $7,900
-
22 · Depreciation, depletion and amortization
total $52,808 · program services $51,389 · management and general $1,419
-
23 · Insurance
total $57,764 · program services $51,988 · management and general $5,776
-
24a · Other expenses: FOOD & BEVERAGE MCCORMI
total $972,135 · program services $972,135
-
24b · Other expenses: MEETINGS, EVENTS, PROGR
total $767,896 · program services $767,896
-
24c · Other expenses: PRINTING
total $200,354 · program services $200,354
-
24d · Other expenses: TRAVEL
total $119,536 · program services $91,351 · management and general $15,208 · fundraising $12,977
-
24e · All other expenses
total $321,227 · program services $248,801 · management and general $84,912 · fundraising -$12,486
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,376,851 · end of year $4,565,281
-
2 · Savings and temporary cash investments
beginning of year $8,044,967 · end of year $8,756,580
-
4 · Accounts receivable
beginning of year $200,366 · end of year $549,619
-
8 · Inventories for sale or use
beginning of year $60,352 · end of year $81,102
-
9 · Prepaid expenses and deferred charges
beginning of year $93,898 · end of year $125,203
-
10a · Land, buildings and equipment: cost or other basis
$576,442
-
10b · Land, buildings and equipment: accumulated depreciation
$457,385
-
10c · Land, buildings and equipment, net
beginning of year $137,392 · end of year $119,057
-
17 · Accounts payable and accrued expenses
beginning of year $670,255 · end of year $463,541
-
27 · Net assets without donor restrictions
beginning of year $9,023,226 · end of year $9,875,360
-
28 · Net assets with donor restrictions
beginning of year $2,220,345 · end of year $3,857,941
Mission and programs · 2024
Mission
TO STRENGTHEN THE UNIVERSITY OF MISSISSIPPI THROUGH QUALITY PROGRAMS AND SERVICES THAT ENHANCE COMMUNICATIONS AND BUILD MUTUALLY BENEFICIAL RELATIONSHIPS AMONG OUR ALUMNI, FRIENDS, FACULTY, STAFF, AND STUDENTS.
-
UNIVERSITY OF MISSISSIPPI GENERAL SUPPORT-DEPARTMENTAL SUPPORT, PROGRAMS RECOGNITION, AND AWARDS.
Expenses $491,691
-
ACTIVITIES, EVENTS, PUBLICATION OF ALUMNI REVIEW, FOR THE PURPOSE OF BUILDING A BASE OF SUPPORT THROUGH THE ALUMNI ASSOCIATION TO SERVE THE STUDENTS, ALUMNI, AND THE UNIVERSITY.
Expenses $3,310,784 · Revenue $957,046
As filed on the 2024 return.
Listed in Part VII
-
Bill ReedBILL REED
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Karen MooreKAREN MOORE
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey HubbardJEFFREY HUBBARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Todd SandroniTODD SANDRONI
ATHLETICS REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 2
-
Keith BallKEITH BALL
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Kirk PurdomKIRK PURDOM
TREASURER
- Total calculated
- $281,854
- From this org
- $8,250
- From related orgs
- $227,746
- Other
- $45,858
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $227,746 related
- Bonus
- $0
- Other
- $8,250
- Deferred
- $0 + $40,207 related
- Nontaxable benefits
- $0 + $5,651 related
- Filer's total
- $8,250 + $273,604 related
-
Gail PittmanGAIL PITTMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Pepper PoundsPEPPER POUNDS
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Zach ScruggsZACH SCRUGGS
ATHLETICS REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 2
-
Charles WhiteCHARLES WHITE
VP/PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Mary Sharp RaynerMARY SHARP RAYNER
ATHLETICS FOUNDATION REP
- Total calculated
- $0
- Hours/week
- 2
-
Bobby BailessBOBBY BAILESS
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Bill FryBILL FRY
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Maj Gen Leon CollinsMAJ GEN LEON COLLINS
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Scott CoopwoodSCOTT COOPWOOD
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Rose FlenorlROSE FLENORL
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Matt LuscoMATT LUSCO
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Bill MayBILL MAY
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
-
Deano OrrDEANO ORR
EXEC COMM
- Total calculated
- $0
- Hours/week
- 2
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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)
- PART I, LINE 1A
- IN SOME YEARS, THE ASSOCIATION HOSTS EDUCATIONAL TRIPS AND TOURS FOR ITS MEMBERS. THERE WERE NO SUCH TRIPS IF FY ENDED 6/30/25.
- PART I, LINE 1B
- THE ASSOCIATION HAS A POLICY TO CONSIDER TRAVEL BY SPOUSES AND PARTNERS TO BE REIMBURSABLE EXPENSES WHEN THE SPOUSES OR PARTNERS ARE PRE-APPROVED AS DESIGNATED REPRESENTATIVES OF THE ASSOCIATION. AS DESIGNATED REPRESENTATIVES OF THE ASSOCIATION, THEY WOULD BE FURTHERING THE INTERESTS OF THE ASSOCIATION AND THE UNIVERSITY OF MISSISSIPPI IN MANY WAYS INCLUDING FACILITATION OF FELLOWSHIP, COORDINATION OF COMMUNICATIONS, SCHEDULING AND SEATING, EXECUTION OF GROUP ACTIVITIES, SERVING AS ADDITIONAL HOSTS, AND OTHER BENEFITS.
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE SERVES AS A COMPENSATION COMMITTEE FOR THE ASSOCIATION. THE EXECUTIVE COMMITTEE STUDIES THE PAY OF THOSE IN COMPARABLE POSITIONS IN OTHER ALUMNI ASSOCIATIONS IN THE SOUTHEASTERN CONFERENCE AND MAKES RECOMMENDATIONS TO THE CHANCELLOR OF THE UNIVERSITY OF MISSISSIPPI. THE CHANCELLOR MAKES FINAL ADJUSTMENTS TO THE RECOMMENDATIONS AND GIVES FINAL APPROVAL FOR COMPENSATION.
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
- 2024
- Filed
- 7 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631059349300823
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