Civic Intelligence

Syracuse University Alumni Association Inc.

990 • Fiscal year 2020 • EIN 16-1431749

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

401 University Place 3rd FloorSyracuse, NY 13244-3020

(315) 443-3408

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

13th percentile

-30%

Higher net margin than 13% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

100th percentile

$871,857

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 832.4% of source-year revenue.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

17th percentile

-6.7%

Faster asset growth than 17% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-46%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$523,411

Down $37,696 (-6.7%) from 2019

Net Assets

Down

$523,411

Down $28,611 (-5.2%) from 2019

Liabilities

Down

$0

Down $9,085 (-100%) from 2019

Revenue

Down

$104,746

Down $87,691 (-46%) from 2019

Expenses

Down

$136,203

Down $72,222 (-35%) from 2019

Net Income

Down

-$31,457

Down $15,469 (-97%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $549,213Liabilities 2011: $1,209Net Assets 2011: $548,0042011Assets 2012: $538,830Liabilities 2012: $1,261Net Assets 2012: $537,5692012Assets 2013: $585,138Liabilities 2013: $1,261Net Assets 2013: $583,8772013Assets 2014: $587,440Liabilities 2014: $1,261Net Assets 2014: $586,1792014Assets 2015: $657,034Liabilities 2015: $7,180Net Assets 2015: $649,8542015Assets 2016: $681,461Liabilities 2016: $9,525Net Assets 2016: $671,9362016Assets 2017: $696,806Liabilities 2017: $6,262Net Assets 2017: $690,5442017Assets 2018: $572,354Liabilities 2018: $8,042Net Assets 2018: $564,3122018Assets 2019: $561,107Liabilities 2019: $9,085Net Assets 2019: $552,0222019Assets 2020: $523,411Liabilities 2020: $0Net Assets 2020: $523,4112020Assets 2021: $507,986Liabilities 2021: $0Net Assets 2021: $507,9862021Assets 2022: $479,899Liabilities 2022: $0Net Assets 2022: $479,8992022Assets 2023: $428,957Liabilities 2023: $0Net Assets 2023: $428,9572023Assets 2024: $323,648Liabilities 2024: $0Net Assets 2024: $323,6482024

Highlighted filing

2020

Assets$523,411
Liabilities$0
Net Assets$523,411

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $360,9662011Expenses 2012: $408,6502012Expenses 2013: $329,2002013Revenue 2014: $381,299Expenses 2014: $384,882Net Income 2014: -$3,5832014Revenue 2015: $402,485Expenses 2015: $337,270Net Income 2015: $65,2152015Revenue 2016: $278,229Expenses 2016: $253,082Net Income 2016: $25,1472016Revenue 2017: $324,957Expenses 2017: $310,422Net Income 2017: $14,5352017Revenue 2018: $182,856Expenses 2018: $308,688Net Income 2018: -$125,8322018Revenue 2019: $192,437Expenses 2019: $208,425Net Income 2019: -$15,9882019Revenue 2020: $104,746Expenses 2020: $136,203Net Income 2020: -$31,4572020Revenue 2021: $27,844Expenses 2021: $46,747Net Income 2021: -$18,9032021Revenue 2022: $44,412Expenses 2022: $68,336Net Income 2022: -$23,9242022Revenue 2023: $12,585Expenses 2023: $65,356Net Income 2023: -$52,7712023Revenue 2024: $11,861Expenses 2024: $120,299Net Income 2024: -$108,4382024

Highlighted filing

2020

Revenue$104,746
Expenses$136,203
Net Income-$31,457
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.1
Gross Receipts
$111,388
Mission and Program Overview

Mission

*SEE SCHEDULE O*

To promote, foster and encourage alumni & friends of syracuse university to maintain personal involvement and financial support of the activities of syracuse university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$462,340$400,952▼ $61,388
Investments in Publicly Traded Securities$97,834$121,526▲ $23,692
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$561,107$523,411▼ $37,696
Other Assets Total$933$933→ $0
Liabilities
Accounts Payable and Accrued Expenses$9,085$0▼ $9,085
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,085$0▼ $9,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$426,519$407,406▼ $19,113
Net Assets With Donor Restrictions$125,503$116,005▼ $9,498
Total Net Assets Fund Balance$552,022$523,411▼ $28,611
Total Liabilities and Net Assets / Fund Balance$561,107$523,411▼ $37,696
Compensation and Service Providers

Employees

NameTitleOtherTotal
Monique FrostSecretary$47,426$47,426

Board Members and Trustees

NameTitle
Eugene BirosChair
Jason YaleyChair
Karen Au FrankChair
Matthew ZellerChair
Mussadiq AkramChair
Tracy BarashDirector/Past President
James KidderPresident
S Andrew BaumbachVice President
Ryan McnaughtonVice President and Chair
Andrew LaverDirector
Cerri BanksDirector
Elizabeth DwyerDirector
Eve MarsanDirector
Jennifer DandreaDirector
Jermie CozartDirector
Linda LandauDirector
Melissa Richards-personDirector
Patricia Leon-guerreroDirector
Paul GianesiniDirector
Russel Deremer JrDirector
Terry MarshallDirector
John JankovicStudent Member
Joshua Shub-seltzerStudent Member
Lily DatzStudent Member
Mackenzie MertikasStudent Member
Mirjavad HashemiStudent Member
Amir Rahnamay-azarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,599
Program Service Revenue
$58,669
Investment Income
$1,824
Other Revenue
$1,654
All Other Contributions
$29,856
Change in Net Assets
$-31,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$105,988
Revenue Not Reported on Financial Statements
$-1,242
Revenue Not Reported on Form 990
$19,458
Other Revenue Adjustments
$-1,242
Total Revenue per Audited Statements
$125,446
Total Revenue per Form 990
$104,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,019
Grants and Similar Amounts Paid$37,184
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$31,872--$31,872
Other Expenses$17,588--$17,588
Office Expenses-$11,837-$11,837
Advertising$7,687--$7,687
Grants to Domestic Orgs$5,312--$5,312
Travel$5,228--$5,228
Information Technology-$1,095-$1,095
Total Functional Expenses$123,271$12,932$0$136,203

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$154,057
Expenses per Audited Statements$136,203
Total Expenses per Form 990$136,203
Expenses Not Reported on Form 990$17,854
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,065
Fundraising Direct Expenses$6,642
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VII, Compensation From Related Organization

Form 990, part vii syracuse university alumni association is provided administrative support by syracuse university. Monique frost is a full time employee of syracuse university who devotes approximately 58 hours per week to the university of which approximately two hours per week are devoted to the alumni association.

Filing and Contact Details

Filer

Filer Name
Syracuse University Alumni Association Inc
EIN
16-1431749
In Care Of
% JEAN B GALLIPEAU
Phone
3154433408
Address
401 UNIVERSITY PLACE 3RD FLOOR, SYRACUSE, NY 13244-3020

Signing Officer

Name
James Kidder
Title
President
Phone
3154433765
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Kidder President
Formed
1993
Legal Domicile
Ny
Voting Board Members
28
Independent Board Members
26
Employees
0
Volunteers
160

Preparer

Firm
Kpmg Llp
Address
60 South Street, Boston, MA 02111
Preparer
Geneva Furlano
Phone
6179881000
Supplemental Narrative

Additional Explanations

Organization Mission

Part iii, line 1 the primary exempt purpose of the syracuse university alumni association, inc. Is to promote, foster and encourage alumni and friends of syracuse university to maintain personal involvement in, and financial support of the activities of syracuse university as an institution committed to promoting learning through teaching, research, scholarship, creative accomplishment and service. The association includes the chartered alumni clubs in many cities within the united states.

Members

Part vi, section a, question 6 syracuse university is the sole member of syracuse university alumni association, inc.

Power to Elect/appoint One or More Members of the Governing Body

Part vi, section a, question 7a the secretary, treasurer, assistant secretary, and assistant treasurer are appointed by the chancellor of syracuse university for terms to be designated by the chancellor.

Governance Decisions Reserved by Members

Part vi, section a, question 7b within three business days of any action by the board of directors or executive committee which relates to a financial commitment or transaction of the association, or to a significant interest of syracuse university, any member of the executive committee may refer the action to the chancellor of syracuse university. As an officer of the sole member of the association, the chancellor shall have the right within five additional business days to veto the action referred to him if he determines the action to be contrary to the best interests of the association or university.

OFFICERS THAT CANNOT BE REACHED AT THE ORGANIZATION'S ADDRESS

Part vi, section a, question 9 monique frost can be contacted through the office of alumni engagement at syracuse university.

Procedures Governing Branches

Part vi, section b, question 10 syracuse university alumni association provides governance to the chartered chapters. Chapters make application to the alumni association for recognition. Chapters are required to be organized and operated under approved charters and bylaws.

Review Process for Form 990

Part vi, section b, question 11b the form 990 is prepared from information obtained from each of the chartered alumni clubs. The return is reviewed by management before filing with the internal revenue service. Syracuse university also provides oversight during the review process by the senior vice president and chief financial officer of syracuse university. The filing copy of the form 990 will be provided to all members of the governing body prior to filing the return with the internal revenue service.

Compensation

Part vi, section b, questions 12-15 syracuse university alumni association does not have employees and its activities are conducted primarily by volunteer alumni of syracuse university. The university donates office space and provides administrative support to the alumni association. The alumni association complies with the university's policies regarding potential conflicts of interest, whistleblower policy, and document retention policy.

Public Disclosure

Part vi, section c, question 19 the governing documents, financial statements and form 990 are available upon request.

Financial Reporting

Part xii syracuse university alumni association, inc. And its sole member, syracuse university, assumes responsibility for the oversight of the review of the financial statements and the selection of the independent accounting firm.

Financial Statement Notes

Fin 48 (asc 740) Footnote

The association is generally exempt from federal income tax under section 501(c)(3) of the internal revenue code. The association believes it has taken no significant uncertain tax positions.

Other Revenue Included on Return But Not in Financial Statements

Part xi, line 4b reclass of fundraising expense (1,242)

Other Expense Included in Financial Statements But Not on Return

Part xii, line 2d reclass of fundraising expense 1,242

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IRS990/Form990PartVIISectionAGrp/PersonNm6EUGENE BIROS
IRS990/Form990PartVIISectionAGrp/PersonNm7Jermie Cozart
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IRS990/Form990PartVIISectionAGrp/PersonNm9LILY DATZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director/Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9STUDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14STUDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16STUDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT AND CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt23STUDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25STUDENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHAIR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$0.12$1.20$1.08
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.00$4.29$0.13$0.65$0.53
2022Detailed filing. Detailed filing data is available for this year.$4.80$0.00$4.80$0.44$0.68$0.24
2021Detailed filing. Detailed filing data is available for this year.$5.08$0.00$5.08$0.28$0.47$0.19
2020Detailed filing. Detailed filing data is available for this year.$5.23$0.00$5.23$1.05$1.36$0.31
2019Detailed filing. Detailed filing data is available for this year.$5.61$0.09$5.52$1.92$2.08$0.16
2018Detailed filing. Detailed filing data is available for this year.$5.72$0.08$5.64$1.83$3.09$1.26
2017Detailed filing. Detailed filing data is available for this year.$6.97$0.06$6.91$3.25$3.10$0.15
2016Detailed filing. Detailed filing data is available for this year.$6.81$0.10$6.72$2.78$2.53$0.25
2015Detailed filing. Detailed filing data is available for this year.$6.57$0.07$6.50$4.02$3.37$0.65
2014Detailed filing. Detailed filing data is available for this year.$5.87$0.01$5.86$3.81$3.85$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$0.01$5.84$3.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$0.01$5.38$4.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.01$5.48$3.61