Civic Intelligence

Indiana University Alumni Association Inc

EIN 23-7056162 • 501(c)3 • Bloomington, IN

Profile

The indiana university alumni association brings alumni together to support iu and one another throughout their lives

1000 East 17th StreetBloomington, IN 47408

www.alumni.indiana.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.09x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

60th percentile

8.8%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$170,559

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

60th percentile

7.8%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

2.6%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$33,332,242

Up $2,423,140 (+7.8%) from 2023

Liabilities

Up

$997,472

Up $662,817 (+198%) from 2023

Net Assets

Up

$32,334,770

Up $1,760,323 (+5.8%) from 2023

Revenue

Up

$11,126,272

Up $282,621 (+2.6%) from 2023

Expenses

Down

$10,148,276

Down $649,670 (-6.0%) from 2023

Net Income

Up

$977,996

Up $932,291 (+2040%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $20,535,988Liabilities 2010: $6,333,630Net Assets 2010: $14,202,3582010Assets 2011: $22,446,836Liabilities 2011: $4,892,430Net Assets 2011: $17,554,4062011Assets 2012: $20,619,743Liabilities 2012: $5,002,002Net Assets 2012: $15,617,7412012Assets 2013: $21,999,776Liabilities 2013: $4,826,231Net Assets 2013: $17,173,5452013Assets 2014: $24,469,347Liabilities 2014: $5,667,789Net Assets 2014: $18,801,5582014Assets 2015: $24,398,886Liabilities 2015: $6,292,248Net Assets 2015: $18,106,6382015Assets 2016: $22,975,990Liabilities 2016: $6,311,455Net Assets 2016: $16,664,5352016Assets 2017: $24,433,839Liabilities 2017: $6,508,623Net Assets 2017: $17,925,2162017Assets 2018: $26,154,642Liabilities 2018: $6,275,743Net Assets 2018: $19,878,8992018Assets 2019: $26,358,367Liabilities 2019: $5,860,083Net Assets 2019: $20,498,2842019Assets 2020: $24,095,097Liabilities 2020: $300,546Net Assets 2020: $23,794,5512020Assets 2021: $31,837,424Liabilities 2021: $416,951Net Assets 2021: $31,420,4732021Assets 2022: $31,479,674Liabilities 2022: $468,188Net Assets 2022: $31,011,4862022Assets 2023: $30,909,102Liabilities 2023: $334,655Net Assets 2023: $30,574,4472023Assets 2024: $33,332,242Liabilities 2024: $997,472Net Assets 2024: $32,334,7702024

Highlighted filing

2024

Assets$33,332,242
Liabilities$997,472
Net Assets$32,334,770

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,556,6612010Expenses 2011: $7,091,2242011Expenses 2012: $6,565,7922012Expenses 2013: $9,334,0232013Revenue 2014: $10,713,006Expenses 2014: $10,424,806Net Income 2014: $288,2002014Revenue 2015: $10,992,954Expenses 2015: $10,554,622Net Income 2015: $438,3322015Revenue 2016: $11,414,885Expenses 2016: $10,542,613Net Income 2016: $872,2722016Revenue 2017: $11,720,600Expenses 2017: $11,558,600Net Income 2017: $162,0002017Revenue 2018: $13,826,841Expenses 2018: $12,671,058Net Income 2018: $1,155,7832018Revenue 2019: $12,727,499Expenses 2019: $12,577,047Net Income 2019: $150,4522019Revenue 2020: $11,045,770Expenses 2020: $11,059,027Net Income 2020: -$13,2572020Revenue 2021: $9,864,254Expenses 2021: $9,052,588Net Income 2021: $811,6662021Revenue 2022: $10,109,353Expenses 2022: $9,643,718Net Income 2022: $465,6352022Revenue 2023: $10,843,651Expenses 2023: $10,797,946Net Income 2023: $45,7052023Revenue 2024: $11,126,272Expenses 2024: $10,148,276Net Income 2024: $977,9962024

Highlighted filing

2024

Revenue$11,126,272
Expenses$10,148,276
Net Income$977,996

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.3$1.00$32.3$11.1$10.1$0.98
2023Detailed filing. Detailed filing data is available for this year.$30.9$0.33$30.6$10.8$10.8$0.05
2022Detailed filing. Detailed filing data is available for this year.$31.5$0.47$31.0$10.1$9.64$0.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$0.42$31.4$9.86$9.05$0.81
2020Detailed filing. Detailed filing data is available for this year.$24.1$0.30$23.8$11.0$11.1$0.01
2019Detailed filing. Detailed filing data is available for this year.$26.4$5.86$20.5$12.7$12.6$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.2$6.28$19.9$13.8$12.7$1.16
2017Detailed filing. Detailed filing data is available for this year.$24.4$6.51$17.9$11.7$11.6$0.16
2016Detailed filing. Detailed filing data is available for this year.$23.0$6.31$16.7$11.4$10.5$0.87
2015Detailed filing. Detailed filing data is available for this year.$24.4$6.29$18.1$11.0$10.6$0.44
2014Detailed filing. Detailed filing data is available for this year.$24.5$5.67$18.8$10.7$10.4$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$4.83$17.2$9.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$5.00$15.6$6.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$4.89$17.6$7.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$6.33$14.2$6.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 26, 2025
Return Version
2023v6.0
Gross Receipts
$14,176,605
Mission and Program Overview

Mission

The indiana university alumni association brings alumni together to support iu and one another throughout their lives

Identify and involve more than 750,000 alumni to serve indiana university and each other.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$13,327,929$13,058,034▼ $269,895
Investments in Publicly Traded Securities$10,471,945$11,613,362▲ $1,141,417
Savings and Temporary Cash Investments$890,288$1,906,177▲ $1,015,889
Land, Buildings, and Equipment, Net$1,024,625$1,607,227▲ $582,602
Accounts Receivable$528,997$303,295▼ $225,702
Prepaid Expenses and Deferred Charges$111,501$127,616▲ $16,115
Inventories for Sale or Use$26,342$29,110▲ $2,768
Cash and Non-Interest-Bearing Accounts$905$905→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$30,909,102$33,332,242▲ $2,423,140
Other Assets Total$4,526,570$4,686,516▲ $159,946
Liabilities
Accounts Payable and Accrued Expenses$305,566$922,242▲ $616,676
Deferred Revenue$29,089$75,230▲ $46,141
Other Liabilities$0$0→ $0
Total Liabilities$334,655$997,472▲ $662,817
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,575,418$27,378,187▲ $1,802,769
Net Assets With Donor Restrictions$4,999,029$4,956,583▼ $42,446
Total Net Assets Fund Balance$30,574,447$32,334,770▲ $1,760,323
Total Liabilities and Net Assets / Fund Balance$30,909,102$33,332,242▲ $2,423,140

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,477,956$4,999,826$6,477,782
Equipment$129,271$431,119$560,390
Other Assets Org$4,686,516--
Other Securities$13,058,034--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$61,833$910▲ $3,574-$66,317
2022$59,894$765▲ $1,174-$61,833
2021$58,359$1,290▲ $245-$59,894
2020$52,962$463▲ $14,168-$58,359
2019$1,103,938$2,170▲ $84,274$1,064,934$52,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patricia RiveireChief Executive OfficerFT$91,517$79,042$170,559
Sarah PikeExecutive Director of FinanceFT$105,376$38,287$143,663

Board Members and Trustees

NameTitle
Martin VargasChair
Dawn WhiteheadChair Elect
Jeannie SagerImmediate Past Chair
Yung NguyenVice Chair
Cindy StoneMember
Kyle KingMember
Mary Susan BuhnerMember
Mautrice MeriweatherMember
Sandy SearcyMember
Shishir DeshpandeMember
Shontrai IrvingSecretary
Katelyn KingStudent Representative
Shelley RaperTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
IU FoundationMarketing, technology, data, legal services, chief alumni officer.1500 N State Road 46 Bypass, Bloomington, IN 47408$1,784,208
Revenue and Support

Revenue Composition

Contributions and Grants
$8,371,699
Program Service Revenue
$993,547
Investment Income
$1,150,805
Other Revenue
$610,221
All Other Contributions
$8,362,898
Change in Net Assets
$977,996

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$340,783Cost
Other Non Cash Contri Table1$259,000Cost
Other Non Cash Contri Table1$185,955Cost
Other Non Cash Contri Table1$23,975Cost
Other Non Cash Contri Table1$2,104Cost
Total Noncash Contributions5$811,817-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,125,661
Revenue Not Reported on Financial Statements
$611
Revenue Not Reported on Form 990
$784,098
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$11,909,759
Total Revenue per Form 990
$11,126,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,102,721
Other Expenses$3,251,530
Grants and Similar Amounts Paid$1,794,025
Total Fundraising Expense$84,218
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,234,300$503,961$50,238$4,788,499
Grants to Domestic Orgs$1,794,025--$1,794,025
Conferences and Meetings$1,089,355$129,026$7,591$1,225,972
Fees for Services Other$738,915$0$0$738,915
Travel$307,983$36,280$458$344,721
Current Officers, Directors, Trustees, and Key Employees$314,222--$314,222
Advertising$221,752$27,582$12,743$262,077
Depreciation Depletion$241,267-$2,019$243,286
Office Expenses$74,079$10,027$11,169$95,275
Occupancy$82,794--$82,794
Insurance$48,939$5,756-$54,695
Fees for Services Accounting-$52,120-$52,120
Fees for Service Investment Mgmnt Fees-$27,761-$27,761
Information Technology$23,872$2,808-$26,680
Fees for Services Legal-$7,200-$7,200
Other Expenses$632$76-$708
Total Functional Expenses$9,261,461$802,597$84,218$10,148,276

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,149,436
Total Expenses per Form 990$10,148,276
Expenses per Audited Statements$10,147,665
Expenses Not Reported on Form 990$1,771
Expenses Not Reported on Financial Statements$611
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana UniversityBloomington, IN501(c)(3)Scholarships$1,794,025

International Summary

Offices
0
Employees
0
Spending
$145,672

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServicesAlumni Relations00$65,377
North America (Canada & Mexico only)Program ServicesAlumni Relations00$37,718
Middle East and North AfricaProgram ServicesAlumni Relations00$19,362
Europe (Including Iceland and Greenland)Program ServicesAlumni Relations00$9,094
East Asia and the PacificProgram ServicesAlumni Relations00$8,298
South AmericaProgram ServicesAlumni Relations00$5,823
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$182,851
Fundraising Direct Expenses$85,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
IUSB Night of the Titans$66,100$66,100$8,647$57,453
Kelley MBA Gala$23,700$23,700$581$23,119
Total Events$191,652$182,851$85,450$97,401
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4 Significant changes to organizational documents

IUAA Bylaws and Articles of Incorporation were amended on 6/22/24 to reflect the retirement of the membership program and the subsequent board election process.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Volunteers in the alumni association may nominate, run, or vote in the election. The election is for board and executive council. Both bodies vote on governance items, like bylaws changes.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The finance committee reviews the form 990 and then presents the form 990 to the board for their review and acceptance prior to filing. The form 990 is also reviewed by an independent accountant.

Form 990, Part VI, Line 12C Conflict of interest policy

Annually the officers and key employees are asked to disclose any conflicts of interest. These disclosures are collected, reviewed, and investigated by the director of governance. The director of governance reports as necessary any conflicts of interest to the chair of the finance committee. If a board member has a conflict, he or she would abstain from discussion and voting in that area.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The chief executive officer's compensation is set by the president of the indiana university foundation on an annual basis. The chief executive officer's salary was last reviewed in may 2024. Compensation for key employees/positions are originally set based upon a review by indiana university and iuaa hr. Annual salary increases are reviewed by the chief executive officer, the director of human resources, and the exec director of finance and ultimately set by the chief executive officer within the acceptable range of increases as determined by indiana university.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Same as above.

Form 990, Part VI, Line 19 Required documents available to the public

Instructions for getting the constitution and bylaws are available on the organization's website. Instructions for getting the audited financial statements and form 990 are available on the organization's website. The conflict of interest policy is available upon request.

Filing and Contact Details

Filer

Filer Name
Indiana University Alumni Association Inc
EIN
23-7056162
Phone
8128556305
Address
1000 EAST 17TH STREET, BLOOMINGTON, IN 47408

Signing Officer

Name
Sarah Ann Pike
Title
Executive Director of Finance
Phone
8128556305
Signed
2025-02-26
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
In
Voting Board Members
14
Independent Board Members
13
Employees
55
Volunteers
964

Preparer

Firm
Forvis Mazars LLP
Address
820 Massachusetts Ave Suite 1370, Indianapolis, IN 46204
Preparer
Nicole Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A EMPLOYEES REPORTED ON FORM W-3

Indiana university prepares and maintains the payroll records for indiana university alumni association's employees under a reimbursement plan.

Form 990, Part IX, Column (A) Lines 7-10, Employee Compensation

The indiana university alumni association reimburses indiana university for expenses related to salaries & wages, pension plan contributions, other employee benefits, and payroll taxes for iuaa's employees, but does not maintain a specific breakout of these expenses.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in value of perpetual trust - 134297;

Financial Statement Notes

Schedule D, Part X ASC 740 DISCLOSURE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part V, Line 4 Intended uses of endowment funds

There are 3 small endowment accounts that support specific student and alumni programming initiatives.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Cost of Goods Sold - 1771 Change in Value of Perpetual Trust - 134297

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Cost of Goods Sold - 1771

Raw XML AppendixShowing 400 of 839 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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