Texas Tech Alumni Association
- Assets
- $17.4m
- Revenue
- $4.7m
- Investments
- $299.0k
- Employees
- 32
- Location
- Lubbock, TX
- Founding
- 09/1949
- Data as of
- 12/2021
- EIN
- 75-6036607
Organization Overview
Texas Tech Alumni Association is located in Lubbock, TX. The organization was established in 1949. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2021, Texas Tech Alumni Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Tech 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 12/2021, Texas Tech Alumni Association generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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 ORGANIZATION CULTIVATES LOYALTY, TRADITION, SERVICE, AND LIFELONG RELATIONSHIPS. SUPPORTING AND ASSISTING IN THE DEVELOPMENT AND INCREASING OF THE FACILITIES OF TEXAS TECH UNIVERSITY THROUGH (1) ENCOURAGE & ESTABLISH SCHOLARSHIPS, (2) ENGAGE IN THE ADVANCEMENT OF HIGHER EDUCATION THROUGH RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS AND BROADER EDUCATION OPPORTUNITIES, (3) AWARD ALUMNI FOR OUTSTANDING WORK IN PROMOTING THE WELFARE OF THE UNIVERSITY, (4) ENGAGE IN PUBLIC RELATIONS ON BEHALF OF THE UNIVERSITY, (5) ASSIST IN KEEPING RECORDS AND STATISTICS ON GRADUATES AND FORMER STUDENTS OF THE UNIVERSITY, (6) PUBLISH AN ALUMNI MAGAZINE, (7) SUPPORT LOCAL ALUMNI GROUPS OR OTHER RELATED ORGANIZATIONS OR FACULTY, AND (8) TO ENCOURAGE DONATIONS TO THE UNIVERSITY.
Describe the Organization's Program Activity:
UNIVERSITY SUPPORT PROJECTS - PROVIDE FUNDS TO SUPPORT THE ONGOING PROJECTS OF THE UNIVERSITY OR TO SUPPORT KEY AREAS OF IMPORTANCE OF THE UNIVERSITY. (EXAMPLES INCLUDE FACULTY AWARDS, ACADEMIC RECRUITMENT, ATHLETICS, ETC.)
SCHOLARSHIPS - PROVIDE FUNDS TO SUPPORT STUDENTS IN THEIR GOALS OF ADVANCEMENT OF HIGHER EDUCATION AND TO PROMOTE ACADEMIC RECRUITMENT BY PROVIDING ADDITIONAL FUNDING SOURCES AVAILABLE TO STUDENTS.
CHAPTER MEMBER SERVICES - PROVIDE FUNDS TO SUPPORT THE ACTIVITIES OF LOCAL ALUMNI GROUPS AND OTHER RELATED ORGANIZATIONS' EFFORTS AT ACADEMIC RECRUITMENT & PROMOTION OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Langford President & CEO | Officer | 40 | $192,503 |
Jim Douglass Vice President - Development | Officer | 40 | $100,202 |
David Low CFO | Officer | 40 | $98,937 |
Kristina Butler Vice President - Marketing | Officer | 40 | $91,713 |
Chris Snead Vice President - Operations | Officer | 40 | $83,316 |
Mike Gayler Finance Committee Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,400 |
| Related organizations | $75,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,683,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,857,222 |
| Total Program Service Revenue | $101,070 |
| Investment income | $278,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $475,531 |
| Net Rental Income | -$94,965 |
| Net Gain/Loss on Asset Sales | $14,623 |
| Net Income from Fundraising Events | -$17,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,664,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,000 |
| 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. | $654,892 |
| Compensation of current officers, directors, key employees. | $152,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $803,849 |
| Pension plan accruals and contributions | $47,831 |
| Other employee benefits | $270,591 |
| Payroll taxes | $125,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,582 |
| Advertising and promotion | $164,128 |
| Office expenses | $16,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,033 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,174 |
| Interest | $117,406 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $572,756 |
| Insurance | $85,803 |
| All other expenses | $12,052 |
| Total functional expenses | $3,649,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,844,506 |
| Savings and temporary cash investments | $3,202,871 |
| Pledges and grants receivable | $953,867 |
| Accounts receivable, net | $162,080 |
| 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 | $119,040 |
| Net Land, buildings, and equipment | $10,792,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $299,013 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,969 |
| Total assets | $17,376,523 |
| Accounts payable and accrued expenses | $208,028 |
| Grants payable | $0 |
| Deferred revenue | $18,869 |
| 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 | $32,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,750,450 |
| Total liabilities | $3,009,402 |
| Net assets without donor restrictions | $13,066,295 |
| Net assets with donor restrictions | $1,300,826 |
| 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 | $17,376,523 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Texas Tech Alumni Association has recieved totaling $89,607.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $35,000 |
Lockett Foundation Vernon, TX PURPOSE: ENDOWMENT TRUST | $30,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $9,500 |
Joe And Nan Johnson Family Foundation Wichita Falls, TX PURPOSE: GENERAL OPERATIONS | $6,500 |
Haberling Mcleroy Family Foundation Victoria, TX PURPOSE: GENERAL FUND | $5,000 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $1,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Angelo State University Foundation Inc San Angelo, TX | $35,914,777 | $13,132,707 |
Ex Students Association Of The Austin, TX | $164,001,121 | $27,599,217 |
Leadership Education Foundation College Station, TX | $3,972,064 | $10,009,970 |
Communities In Schools Of Greater Tarrant County Inc Fort Worth, TX | $6,563,272 | $10,310,134 |
Lsu Alumni Association Baton Rouge, LA | $42,813,688 | $3,814,637 |
Oklahoma State University Alumni Association Stillwater, OK | $25,317,339 | $3,350,380 |
Texas Tech Alumni Association Lubbock, TX | $17,376,523 | $4,664,357 |
Delta Delta Delta Foundation Dallas, TX | $24,531,824 | $3,988,064 |
Arkansas Alumni Association Inc Fayetteville, AR | $14,561,052 | $2,077,157 |
Iitmaana Spring, TX | $661,366 | $1,712,067 |
University Of Tx At San Antonio San Antonio, TX | $4,217,745 | $1,664,150 |