Miner Alumni Association
- Assets
- $30.5m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Rolla, MO
- Founding
- 07/1976
- Data as of
- 06/2021
- EIN
- 43-0626354
Organization Overview
Miner Alumni Association is located in Rolla, MO. The organization was established in 1976. 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. Miner 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 06/2021, Miner Alumni Association generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.5% each year . All expenses for the organization totaled $865.7k during the year ending 06/2021. While expenses have increased by 10.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION PROACTIVELY STRIVES TO CREATE AN ENVIRONMENT WHICH EMBODIES COMMUNICATIONS WITH AND PARTICIPATION BY THE UNIVERSITY'S ALUMNI AND FRIENDS, IN TURN FOSTERING A STRONG LOYALTY TO MISSOURI S&T AND GROWTH OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND LOANS TO STUDENTS AT THE MISSOURI UNIVERSITY OF SCIENCE & TECHNOLOGY.
PROVIDE SOCIAL SETTING/EVENTS FOR ALUMNI AND STUDENTS TO FURTHER PROMOTE ATTENDANCE TO MISSOURI S&T
PROVIDE AN ALUMNI MAGAZINE THAT CONTAINS INFORMATION ON CURRENT EVENTS AFFECTING STUDENTS AND ALUMNI ASSOCIATION MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bailey Vice Preside | Trustee | $0 | |
Ernest Banks Vice Preside | Trustee | $0 | |
William Brune Secretary | Trustee | $0 | |
Delores Hinkle Vice Preside | Trustee | $0 | |
Christopher Ramsay President El | Trustee | $0 | |
Tory Verkamp V Chancellor | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,748,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,748,089 |
| Total Program Service Revenue | $41,325 |
| Investment income | $1,738,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$77,306 |
| Net Gain/Loss on Asset Sales | $3,520,961 |
| Net Income from Fundraising Events | -$4,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,968,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $559,218 |
| 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 | $0 |
| Fees for services: Legal | $22,175 |
| Fees for services: Accounting | $15,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $121,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,500 |
| Office expenses | $19,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,493 |
| Travel | $49,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,000 |
| All other expenses | $0 |
| Total functional expenses | $865,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,862 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,538,604 |
| Investments—publicly traded securities | $25,900,143 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,527,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,517 |
| Total liabilities | $2,517 |
| Net assets without donor restrictions | $5,490,711 |
| Net assets with donor restrictions | $25,034,381 |
| 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 | $30,527,609 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miner Alumni Association has recieved totaling $25,257.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,257 |
Endowment Analysis
| Beg. Balance | $19,229,135 |
| Earnings | $1,100,937 |
| Admin Expense | $121,010 |
| Net Contributions | $1,552,247 |
| Grants | $559,218 |
| Ending Balance | $25,034,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Kansas University Alumni Association Lawrence, KS | $43,406,063 | $19,795,614 |
Oklahoma State University Alumni Association Stillwater, OK | $25,317,339 | $3,350,380 |
Alumni Association Of Kansas State University Manhattan, KS | $26,684,842 | $5,906,410 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
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 Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Arkansas Alumni Association Inc Fayetteville, AR | $14,561,052 | $2,077,157 |
Grand Island Public Schools Foundation Grand Island, NE | $10,746,895 | $4,368,224 |
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 |