Alumni Association Of The University Of Michigan
- Assets
- $176.6m
- Revenue
- $18.3m
- Investments
- $155.6m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 02/1946
- Data as of
- 06/2022
- EIN
- 23-7206591
Organization Overview
Alumni Association Of The University Of Michigan is located in Ann Arbor, MI. The organization was established in 1946. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Alumni Association Of The University Of Michigan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Alumni Association Of The University Of Michigan generated $18.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS AN INDEPENDENT WORLDWIDE ORGANIZATION THAT NURTURES LIFELONG RELATIONSHIPS WITH AND AMONG CURRENT AND FUTURE MICHIGAN ALUMNI. AS A COMMITTED PARTNER OF THE UNIVERSITY THE ASSOCIATION OFFERS PROGRAMS OF RELEVANCE AND SERVICE TO ALUMNI AND CREATES SUPPORT FOR THE UNIVERSITY. UNDERLYING ALL THAT WE DO IS THE BELIEF IN THE VALUE OF EDUCATION TO THE WELL-BEING OF SOCIETY A COMMITMENT TO INTEGRITY DIVERSITY AND SERVICE.
Describe the Organization's Program Activity:
COORDINATION OF A NATIONWIDE NETWORK OF ALUMNI VOLUNTEERS WHO SUPPORT THE UNIVERSITY BY RECRUITING ACADEMICALLY GIFTED STUDENTS AND RAISING FUNDS FOR STUDENT SCHOLARSHIPS.
PUBLICATIONS AND ELECTRONIC NEWSLETTERS TO KEEP ALUMNI INFORMED ABOUT CURRENT ACTIVITIES AT THE UNIVERSITY OF MICHIGAN AND HIGHLIGHTING THE FUNDRAISING AND OTHER PRIORITIES OF THE UNIVERSITY.
MEMBERSHIP BENEFITS AND SERVICES INCLUDING COORDINATION AND SPONSORSHIP OF PROGRAMMING TO ENRICH THE LIVES OF UNIVERSITY OF MICHIGAN ALUMNI AND STUDENTS. THIS ALSO INCLUDES NETWORKING AND JOB ASSISTANCE ONLINE NETWORKING REUNIONS AND SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Grafton President Emeritus | Officer | 0 | $541,820 |
Gerald Sigler COO | Officer | 0 | $324,632 |
Angila Chapman VP CFO | Officer | 0 | $253,127 |
Dave Schueler Sr VP Alumni Engagement | Officer | 0 | $238,382 |
Ayanna Mcconnell VP University Relations | Officer | 0 | $203,083 |
Mary Kay Haben Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,818,962 |
| Fundraising events | $14,025 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,263,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,096,823 |
| Total Program Service Revenue | $5,382,473 |
| Investment income | $4,798,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$23,312 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,254,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,030,649 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,407,698 |
| Fees for services: Legal | $99,727 |
| Fees for services: Accounting | $47,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,407,398 |
| Office expenses | $981,245 |
| Information technology | $422,344 |
| Royalties | $0 |
| Occupancy | $233,366 |
| Travel | $252,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,203,497 |
| Interest | $211,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,043,726 |
| Insurance | $124,369 |
| All other expenses | $0 |
| Total functional expenses | $17,673,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,936,359 |
| Accounts receivable, net | $1,881,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83,265 |
| Prepaid expenses and deferred charges | $444,340 |
| Net Land, buildings, and equipment | $15,549,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $155,558,789 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,574,081 |
| Accounts payable and accrued expenses | $1,715,348 |
| Grants payable | $4,345,041 |
| Deferred revenue | $4,476,167 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,065,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,601,891 |
| Net assets without donor restrictions | $104,504,071 |
| Net assets with donor restrictions | $55,468,119 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $176,574,081 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that Alumni Association Of The University Of Michigan has recieved totaling $513,368.
| Awarding Organization | Amount |
|---|---|
Hymowitz Family Foundation Wilmington, DE PURPOSE: MOTT HOSPITAL/MICHIGANIA PROGRAM, CAMP MICHIGANIA, AND MENTAL HEALTH CARE AND POLICY RESEARCH | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $70,616 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $51,000 |
American Bureau Of Shipping Spring, TX PURPOSE: ABS 2021 Scholarships for tuition and books. | $50,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,866 |
Endowment Analysis
| Beg. Balance | $135,282,765 |
| Earnings | $16,407,765 |
| Net Contributions | $2,220,662 |
| Other Expense | $3,960,246 |
| Grants | $1,082,823 |
| Ending Balance | $148,868,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alumni Association Of The University Of Michigan Ann Arbor, MI | $176,574,081 | $18,254,145 |
Ohio State University Alumni Association Inc Columbus, OH | $38,232,745 | $14,093,968 |
Indiana University Alumni Association Inc Bloomington, IN | $31,479,674 | $10,109,353 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
Purdue Alumni Association Inc Memorial Union Building West Lafayette, IN | $28,454,716 | $5,513,832 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
University Of The Philippines Medical Alumni Society In America Lafayette, IN | $12,245,411 | $1,758,364 |
Forest Hills Pto & Boosters Council Grand Rapids, MI | $1,625,695 | $1,126,806 |
Classic For Columbus Columbus, OH | $299,061 | $1,056,060 |
Phi Alumnae Of Delta Gamma Inc Columbus, OH | $2,783,328 | $1,124,914 |