College Of Charleston Alumni Association Inc

Organization Overview

College Of Charleston Alumni Association Inc is located in Charleston, SC. The organization was established in 1968. 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. College Of Charleston 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 06/2022, College Of Charleston Alumni Association Inc generated $863.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $903.0k during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE ASSOCIATION SHALL BE TO MANIFEST AN INTEREST IN, AND TO PROMOTE THE WELFARE OF, THE COLLEGE OF CHARLESTON AND ITS GRADUATE AFFILIATE, THE UNIVERSITY OF CHARLESTON, S.C.; HEREINAFTER REFERRED TO AS THE COLLEGE OF CHARLESTON.

Describe the Organization's Program Activity:

ALUMNI EVENTS: ALUMNI EVENTS ARE AN INTEGRAL PART OF THE COLLEGE OF CHARLESTON ALUMNI ASSOCIATION'S MISSION TO ENGAGE ALUMNI TO GIVE BACK TO THE COLLEGE. THROUGH A VARIETY OF EVENTS, THE ASSOCIATION PROVIDES THE OPPORTUNITY FOR FELLOWSHIP, CAREER NETWORKING, LIFELONG LEARNING, AND PHILANTHROPY.


ALUMNI CLUBS AND AFFINITY GROUPS: CURRENTLY THE COLLEGE OF CHARLESTON ALUMNI ASSOCIATION HAS MORE THAN 30 REGIONAL CLUBS THROUGHOUT THE UNITED STATES. THESE CLUBS PROVIDE A TANGIBLE CONNECTION BETWEEN THE ALUMNI IN DIFFERENT GEOGRAPHICAL AREAS WITH THE COLLEGE OF CHARLESTON. ALUMNI AFFINITY GROUPS BASED ON CULTURAL AND PROFESSIONAL BACKGROUNDS PROVIDE OPPORTUNITIES FOR ALUMNI TO ENJOY FELLOWSHIP, TO NETWORK WITH EACH OTHER, TO LEARN HOW TO EFFECTIVELY MENTOR STUDENTS, AND TO VOLUNTEER TO BE STUDENT MENTORS. THE ALUMNI CLUBS AND AFFINITY GROUPS PROVIDE LEADERSHIP OPPORTUNITIES AND TRAINING FOR ALUMNI INVOLVED IN THE MANAGEMENT OF THE CLUBS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen B Jones
Executive Secretary
$9,216
Devon Wray Hanahan
Vice President
$0
Derrick L Williams
President
$0
Michael R Renault
Past President
$0
Randy E Adkins
Vice President
$0
Laurie Minges
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$4,530
Fundraising events$0
Related organizations$150,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$272,530
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$427,060
Total Program Service Revenue$383,422
Investment income $1,240
Tax Exempt Bond Proceeds $0
Royalties $51,108
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,064
Miscellaneous Revenue$0
Total Revenue $863,894

Grants Recieved

Over the last fiscal year, we have identified 4 grants that College Of Charleston Alumni Association Inc has recieved totaling $150,615.

Awarding OrganizationAmount
College Of Charleston Foundation

Charleston, SC

PURPOSE: COLLEGE OF CHARLESTON ALUMNI ASSOCIATION: PER A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE ALUMNI ASSOCIATION OF THE COLLEGE OF CHARLESTON, THE COLLEGE OF CHARLESTON FOUNDATION SHALL PROVIDE AN AGREED UPON AMOUNT OF ANNUAL SUPPORT TO ENHANCE ALUMNI ENGAGEMENT AND PROGRAMS, WITH PAYMENTS DUE AT THE BEGINNING OF EACH QUARTER. THE MOU WAS EXECUTED ON DECEMBER 7, 2012 AND EFFECTIVE RETROACTIVELY TO JULY 1, 2012 FOR A THREE-YEAR PERIOD WITH THE APPROVAL OF THE FOUNDATION BOARD OF DIRECTORS AND THE ALUMNI ASSOCIATION BOARD OF DIRECTORS. THE MOU WAS RENIGOTIATED IN 2015 FOR AN ADDITIONAL THREE YEARS. FOR THE FISCAL YEAR JULY 1, 2019 - JUNE 30, 2022 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $150,000 IN ACCORDANCE WITH THE MOU.

$150,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$314
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$276
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$25
View Grant Recipient Profile

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