Penn State Alumni Association
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 01/2001
- Data as of
- 06/2023
- EIN
- 52-1337724
Organization Overview
Penn State Alumni Association is located in Arlington, VA. The organization was established in 2001. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Penn State 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 06/2023, Penn State Alumni Association generated $56.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $60.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Maffey President | 25 | $0 | |
Emily Yarbrough Vice President | 20 | $0 | |
Matthew Saar Treasurer | 20 | $0 | |
Allison Lenhart Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,825 |
| Total Program Service Revenue | $15,437 |
| Membership dues | $0 |
| Investment income | $26 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,952 |
| Other Revenue | $8,090 |
| Total Revenue | $56,687 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,436 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,813 |
| Other expenses | $12,798 |
| Total expenses | $60,227 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,249 |
| Other assets | $0 |
| Total assets | $83,024 |
| Total liabilities | $9,915 |
| Net assets or fund balances | $73,109 |