West Virginia University Alumni Association Inc
- Assets
- $18.8m
- Revenue
- $1.9m
- Investments
- $3.8m
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 10/1978
- Data as of
- 06/2021
- EIN
- 55-0372697
Organization Overview
West Virginia University Alumni Association Inc is located in Morgantown, WV. The organization was established in 1978. 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. West Virginia University Alumni Association Inc 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, West Virginia University Alumni Association Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WVU ALUMNI ASSOCIATION PROVIDES LIFE-LONG SUPPORT OF OUR ALUMNI AND FRIENDS AND SERVES THE INTERESTS OF THE UNIVERSITY.
Describe the Organization's Program Activity:
HOLD VARIOUS ACTIVITIES AND EVENTS TO BRING MEMBERS TOGETHER AND PROMOTE FELLOWSHIP.
MAINTAIN UP-TO-DATE RECORD OF ADDRESSES AND OCCUPATIONS OF ALL MEMBERS AND COMMUNICATE TO THEM ALL EVENTS AND ACTIVITIES OF THE ALUMNI ASSOCIATION.
HOLD CATERING EVENTS AT THE ALUMNI CENTER FOR UNIVERSITY DEPARTMENTS AND FOR MEMBERS AND FRIENDS OF THE ALUMNI ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Berry COO & Assistant Secretary | Officer | 40 | $0 |
Sean Frisbee President & CEO | Officer | 40 | $0 |
Christopher Todd Gauer General Manager | Officer | 40 | $0 |
Louis Hart CFO | Officer | 40 | $0 |
Greg Darby Board Member | Trustee | 3 | $0 |
Sarah Biller Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $384,766 |
| Fundraising events | $0 |
| Related organizations | $319,041 |
| Government grants | $222,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,143,433 |
| Total Program Service Revenue | $402,163 |
| Investment income | $34,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $128,867 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,910,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $441,324 |
| Compensation of current officers, directors, key employees. | $441,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $805,776 |
| Pension plan accruals and contributions | $74,767 |
| Other employee benefits | $88,194 |
| Payroll taxes | $99,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,008 |
| Fees for services: Other | $13,006 |
| Advertising and promotion | $11,793 |
| Office expenses | $16,453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,574 |
| Travel | $1,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $563,066 |
| Insurance | $70,915 |
| All other expenses | $50,557 |
| Total functional expenses | $2,948,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $797,379 |
| Savings and temporary cash investments | $258,280 |
| Pledges and grants receivable | $179,114 |
| Accounts receivable, net | $120,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,871 |
| Prepaid expenses and deferred charges | $98,504 |
| Net Land, buildings, and equipment | $13,223,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,794,124 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,500 |
| Total assets | $18,753,718 |
| Accounts payable and accrued expenses | $2,798,978 |
| Grants payable | $0 |
| Deferred revenue | $67,693 |
| 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 | $960,361 |
| Other liabilities | $0 |
| Total liabilities | $3,827,032 |
| Net assets without donor restrictions | $13,914,743 |
| Net assets with donor restrictions | $1,011,943 |
| 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 | $18,753,718 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that West Virginia University Alumni Association Inc has recieved totaling $154.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $884,598 |
| Earnings | $244,383 |
| Admin Expense | $50,226 |
| Net Contributions | $2,040 |
| Ending Balance | $1,080,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio State University Alumni Association Inc Columbus, OH | $38,232,745 | $14,093,968 |
United States Naval Academy Alumni Assoc Annapolis, MD | $136,310,345 | $26,897,412 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Thaddeus Stevens Foundation Lancaster, PA | $7,318,571 | $3,742,597 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |