Purdue Alumni Association Inc Memorial Union Building
- Assets
- $28.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 57
- Location
- West Lafayette, IN
- Founding
- 10/1942
- Data as of
- 06/2020
- EIN
- 35-0595500
Organization Overview
Purdue Alumni Association Inc Memorial Union Building is located in West Lafayette, IN. The organization was established in 1942. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Purdue Alumni Association Inc Memorial Union Building employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purdue Alumni Association Inc Memorial Union Building 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 06/2020, Purdue Alumni Association Inc Memorial Union Building generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.3m during the year ending 06/2020. While expenses have increased by 5.9% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF PURDUE UNIVERSITY AND TO ENCOURAGE THE INTEREST OF ALUMNI IN THE UNIVERSITY AND EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALUMNUS MAGAZINE - THE MAGAZINE IS PUBLISHED FOUR TIMES ANNUALLY AND IS THE PRIMARY TOOL USED BY THE ORGANIZATION TO COMMUNICATE WITH ITS 48,148 MEMBERS. THE MAGAZINE PROVIDES INFORMATION ABOUT CURRENT ACTIVITIES AT PURDUE UNIVERSITY AND INFORMATION ABOUT EVENTS DESIGNED TO CONNECT ALUMNNI TO THE UNIVERSITY AND EACH OTHER.
ADDRESS DEPARTMENT - THE ADDRESS DEPARTMENT MAINTAINS BIOGRAPHICAL IFORMATION FOR 538,864 ALUMNI FOR THE PURPOSE OF KEEPING THOSE INDIVIDUALS CONNECTED TO PURDUE UNIVERSITY AND EACH OTHER. THE DATA IS USED WHEN COMMUNICATING WITH INDIVIDUALS ABOUT CURRENT ACTIVITIES AT PURDUE UNIVERSITY AND ABOUT EVENTS DESIGNED TO CONNECT ALUMNI TO THE UNIVERSITY AND EACH OTHER.
CONSTITUENT SOCIETIES - THE ORGANIZATION PROVIDES FUNDING FOR THE PURPOSE OF ENABLING 538,864 ALUMNI WITH COMMON BACKGROUNDS TO CONNECT TO THE UNIVERSITY AND EACH OTHER. ALUMNI MAY BE GROUPED BY GEOGRAPHIC REGION OF THEIR RESIDENCE, EDUCATIONAL DISCIPLINE, ETHNICITY, OR ACTIVITIES THE INDIVIDUAL PARTICIPATED IN WHILE THEY WERE A STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Sickafoose Vp, Acting C | Officer | 40 | $116,071 |
Jillian Henry Vp, Acting C | Officer | 40 | $114,397 |
Tracey Wolpert Senior Vp, F | Officer | 40 | $110,902 |
Marie Foster-Bruns Vp, Acting C | Officer | 40 | $81,378 |
Ralph Amos President & | Officer | 40 | $50,693 |
Daniel Dawes Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kell Partners Software Implem | 6/29/20 | $129,450 |
Marriott Indianapolis Venue | 6/29/20 | $127,488 |
Marriott Indianapolis Venue | 6/29/20 | $127,488 |
Kell Partners Software Implem | 6/29/20 | $129,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,497,962 |
| Investment income | $1,332,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,223 |
| Net Income from Fundraising Events | $45,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,513,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $888,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,087,200 |
| Pension plan accruals and contributions | $261,635 |
| Other employee benefits | $397,790 |
| Payroll taxes | $187,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,036 |
| Fees for services: Accounting | $49,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,189 |
| Advertising and promotion | $269,882 |
| Office expenses | $259,705 |
| Information technology | $366,447 |
| Royalties | $0 |
| Occupancy | $76,417 |
| Travel | $49,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,584 |
| Insurance | $36,781 |
| All other expenses | $0 |
| Total functional expenses | $6,252,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,794,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $297,469 |
| Investments—publicly traded securities | $26,097,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,364 |
| Total assets | $28,454,716 |
| Accounts payable and accrued expenses | $474,468 |
| Grants payable | $0 |
| Deferred revenue | $7,917,581 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $302,094 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,694,143 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,760,573 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Purdue Alumni Association Inc Memorial Union Building has recieved totaling $5,750.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,750 |
Endowment Analysis
| Beg. Balance | $12,069 |
| Ending Balance | $12,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Purdue Alumni Association Inc Memorial Union Building West Lafayette, IN | $28,454,716 | $5,513,832 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |
University Of The Philippines Medical Alumni Society In America Lafayette, IN | $12,245,411 | $1,758,364 |
Western Kentucky University Alumni Association Inc Bowling Green, KY | $10,394,906 | $2,845,412 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Miner Alumni Association Rolla, MO | $30,527,609 | $6,968,446 |
Southern Illinois University Carbondale, IL | $8,138,109 | -$879,336 |