Alumni Association Of The University Of Michigan

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.

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)Compensation
Steve Grafton
President Emeritus
$541,820
Gerald Sigler
COO
$324,632
Angila Chapman
VP CFO
$253,127
Dave Schueler
Sr VP Alumni Engagement
$238,382
Ayanna Mcconnell
VP University Relations
$203,083
Kathleen Wilson Thompson
Chair-Elect
$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

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 OrganizationAmount
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
View Grant Recipient Profile

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

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