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← UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION.

Totals

Total revenue
$430,444
Total expenses
$519,778
Contributions and grants received
$256,636
Grants paid
$19,500
Program service revenue
$0
Investment income
$66,964
Other revenue
$106,844
Total assets, end of year
$2,370,429
Total liabilities, end of year
$141,687
Net assets or fund balances, end of year
$2,228,742
Program services expenses (Part IX)
$349,411
Management and general expenses
$111,514
Fundraising expenses
$58,853
Program service expenses (Part III)
$349,411

Program services were 67.2% 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.

  • 1b · Membership dues

    $216,382

  • 1f · All other contributions, gifts and grants

    $40,254

  • 3 · Investment income

    total $65,764 · related or exempt $65,764

  • 5 · Royalties

    total $25,460 · related or exempt $25,460

  • 6a · Gross rents

    real property $21,647

  • 6c · Rental income or loss

    real property $21,647

  • 6d · Net rental income or loss

    total $21,647 · excluded $21,647

  • 7a · Gross sales of assets other than inventory

    other assets $1,200

  • 7c · Gain or loss

    other assets $1,200

  • 7d · Net gain or loss

    total $1,200 · related or exempt $1,200

  • 8a · Fundraising events: gross income

    $121,920

  • 8b · Fundraising events: direct expenses

    $121,667

  • 8c · Net income from fundraising events

    total $253

  • 11a · Other revenue: PERIODICALS

    total $59,484 · related or exempt $23,336 · unrelated business $36,148

  • 11e · Other revenue, total

    $59,484

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,500 · program services $19,500

  • 11c · Fees: accounting

    total $12,170 · management and general $12,170

  • 11f · Fees: investment management

    total $15,954 · program services $15,954

  • 12 · Advertising and promotion

    total $1,535 · management and general $542 · fundraising $993

  • 13 · Office expenses

    total $10,395 · program services $8,420 · management and general $1,975

  • 19 · Conferences, conventions and meetings

    total $372 · management and general $372

  • 22 · Depreciation, depletion and amortization

    total $3,466 · management and general $3,466

  • 23 · Insurance

    total $22,321 · management and general $22,321

  • 24a · Other expenses: PRINTING

    total $112,943 · program services $93,743 · fundraising $19,200

  • 24b · Other expenses: PROGRAM ACTIVITIES

    total $53,980 · program services $53,980

  • 24c · Other expenses: POSTAGE

    total $42,672 · program services $25,176 · management and general $427 · fundraising $17,069

  • 24d · Other expenses: CHAPTER EXPENSES

    total $41,317 · program services $41,317

  • 24e · All other expenses

    total $183,153 · program services $91,321 · management and general $70,241 · fundraising $21,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,415 · end of year $133,163

  • 8 · Inventories for sale or use

    beginning of year $14,842 · end of year $10,078

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,507 · end of year $3,331

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

    $47,833

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

    $35,219

  • 10c · Land, buildings and equipment, net

    beginning of year $8,181 · end of year $12,614

  • 11 · Investments: publicly traded securities

    beginning of year $2,103,268 · end of year $2,211,243

  • 15 · Other assets

    beginning of year $146,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,269 · end of year $16,495

  • 19 · Deferred revenue

    beginning of year $267,109 · end of year $125,192

  • 25 · Other liabilities

    beginning of year $12,765

  • 27 · Net assets without donor restrictions

    beginning of year $2,076,454 · end of year $2,228,742

Mission and programs · 2023

Mission

THE MISSION OF THE ALUMNI ASSOCIATION IS TO BENEFIT THE UNIVERSITY OF SOUTHERN MISSISSIPPI, ITS STUDENTS, AND ALUMNI THROUGH UPHOLDING TRADITIONS, SPONSORING ACTIVITIES, EVENTS, AND PUBLICATIONS.

  • THE ALUMNI ASSOCIATION PRODUCES A QUARTERLY MAGAZINE EACH YEAR. THE MAGAZINE IS MAILED TO ALL PAID MEMBERS OF THE ALUMNI ASSOCIATION AND A FEW OTHERS. THE ASSOCIATION ALSO PRODUCES NUMEROUS OTHER PROGRAMS AND FLIERS FOR VARIOUS EVENTS, SOLICITATION PIECES, AND AN ANNUAL REPORT THAT ARE DISTRIBUTED TO VARIOUS GROUPS.

    Expenses $124,627

  • THE ALUMNI ASSOCIATION HAS A NUMBER OF DONATIONS AND SPONSORSHIPS. THE ASSOCIATION SENDS MONEY TO THE USM FOUNDATION TO SUPPORT THE PARTNERS FOR THE ARTS, FRIENDS FOR GIFTED EDUCATION, DUBARD SCHOOL, SYMPHONY ORCHESTRA, LIBRARY FUND, AND VARIOUS OTHER INITIATIVES. THE ASSOCIATION SENDS MONEY TO THE UNVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION TO SUPPORT THE DUGOUT CLUB, WINGS, AND VARIOUS OTHER INITIATIVES.

    Expenses $67,673 · Grants $19,500

  • OTHER ACTIVITIES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, ITS STUDENTS, AND ALUMNI

    Expenses $157,111

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Troy Johnston

    PRESIDENT

    Total calculated
    $0
  • Hon Missy McGee

    PRESIDENT EL

    Total calculated
    $0
  • David Estorge

    VICE PRESIDE

    Total calculated
    $0
  • Dr Alvin Williams

    PAST PRESIDE

    Total calculated
    $0
  • John McCallum

    FINANCE COMM

    Total calculated
    $0
  • Jerry Defatta

    EXECUTIVE DI

    Total calculated
    $0
  • Brooks Bohte

    BOARD MEMBER

    Total calculated
    $0
  • Sarah Butler

    BOARD MEMBER

    Total calculated
    $0
  • Katie Dixon

    BOARD MEMBER

    Total calculated
    $0
  • Brian Dozier

    BOARD MEMBER

    Total calculated
    $0
  • John Duease

    BOARD MEMBER

    Total calculated
    $0
  • Nelson Haskin

    BOARD MEMBER

    Total calculated
    $0
  • Scott Walker

    BOARD MEMBER

    Total calculated
    $0
  • Rudy Bracey

    BOARD MEMBER

    Total calculated
    $0
  • Samantha McCain

    BOARD MEMBER

    Total calculated
    $0
  • Joy Yates

    BOARD MEMBER

    Total calculated
    $0
  • Joe Trahan

    BOARD MEMBER

    Total calculated
    $0
  • Dave Estorge

    BOARD MEMBER

    Total calculated
    $0
  • Jeff Cook

    BOARD MEMBER

    Total calculated
    $0
  • Charles Arinder

    BOARD MEMBER

    Total calculated
    $0
  • Eric Hook

    BOARD MEMBER

    Total calculated
    $0
  • Neely Carlton Lyons

    BOARD MEMBER

    Total calculated
    $0
  • Krsiten Moore

    BOARD MEMBER

    Total calculated
    $0
  • Rashemia Stamps

    BOARD MEMBER

    Total calculated
    $0
  • Madison Burris

    BOARD MEMBER

    Total calculated
    $0
  • Dr Lynn Hagan

    BOARD MEMBER

    Total calculated
    $0
  • Ryan Mouledous

    BOARD MEMBER

    Total calculated
    $0
  • Deanna Russell

    BOARD MEMBER

    Total calculated
    $0
  • Cece Shabazz

    BOARD MEMBER

    Total calculated
    $0
  • Gavin Snyder

    BOARD MEMBER

    Total calculated
    $0
  • Jarvis Wilbert

    BOARD MEMBER

    Total calculated
    $0
  • Dr Joe Paul

    EX-OFFICIO

    Total calculated
    $0
  • Stace Mercier

    EX-OFFICIO

    Total calculated
    $0
  • Kelsey Rushing

    EX-OFFICIO

    Total calculated
    $0
  • Chad Driskell

    EX-OFFICIO

    Total calculated
    $0
  • Abb Payne

    EX-OFFICIO

    Total calculated
    $0
  • Jeremy McClain

    EX-OFFICIO

    Total calculated
    $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.

Grants 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2024
IRS schema version
2023v5.0
Source object
202422569349300867

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