Vennard College Alumni Association
- Assets
- $91.4k
- Revenue
- $22.9k
- Investments
- $74.6k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 42-1445635
Organization Overview
Vennard College Alumni Association is located in Minneapolis, MN. The organization was established in 1997. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Vennard College Alumni Association 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 12/2022, Vennard College Alumni Association generated $22.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $12.0k during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Roehl President | 2 | $0 | |
Brian Channel Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,689 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,224 |
| Capital Gain Net Income | $2,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,828 |
| Total Revenue | $22,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $89 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,907 |
| Total operating and administrative expenses | $4,496 |
| Contributions, gifts, grants paid | $7,517 |
| Total expenses and disbursements | $12,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,842 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $91,419 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Vennard College Alumni Association has awarded $7,517 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CLAYTON GENTRY PURPOSE: SCHOLARSHIP | $1,000 |
KIMBERLY HOCH PURPOSE: SCHOLARSHIP | $1,300 |
HANNAH NICHOLLS PURPOSE: SCHOLARSHIP | $1,300 |
NATHANAEL NICHOLLS PURPOSE: SCHOLARSHIP | $917 |
NATHAN MAST PURPOSE: SCHOLARSHIP | $1,000 |
WALKER NEWMAN PURPOSE: SCHOLARSHIP | $1,000 |