Civic Intelligence

Milton Hershey School Alumni Association

990 • Fiscal year 2023 • EIN 25-1308522

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

109 Mccorkle RoadHershey, PA 17033

(717) 520-2045

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

43rd percentile

0.01x

Higher debt load relative to revenue than 43% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

37th percentile

-0.9%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-62%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$773,938

Down $7,348 (-0.9%) from 2022

Net Assets

Down

$772,965

Down $7,993 (-1.0%) from 2022

Liabilities

Up

$973

Up $645 (+197%) from 2022

Revenue

Down

$119,297

Down $197,938 (-62%) from 2022

Expenses

Up

$139,075

Up $46,848 (+51%) from 2022

Net Income

Down

-$19,778

Down $244,786 (-109%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $252,059Liabilities 2012: $0Net Assets 2012: $252,0592012Assets 2013: $271,775Liabilities 2013: $0Net Assets 2013: $271,7752013Assets 2014: $346,602Liabilities 2014: $0Net Assets 2014: $346,6022014Assets 2015: $337,195Liabilities 2015: $0Net Assets 2015: $337,1952015Assets 2016: $355,614Liabilities 2016: $135Net Assets 2016: $355,4792016Assets 2017: $376,045Liabilities 2017: $0Net Assets 2017: $376,0452017Assets 2018: $399,851Liabilities 2018: $0Net Assets 2018: $399,8512018Assets 2019: $462,903Liabilities 2019: $174Net Assets 2019: $462,7292019Assets 2020: $496,037Liabilities 2020: $255Net Assets 2020: $495,7822020Assets 2021: $569,277Liabilities 2021: $224Net Assets 2021: $569,0532021Assets 2022: $781,286Liabilities 2022: $328Net Assets 2022: $780,9582022Assets 2023: $773,938Liabilities 2023: $973Net Assets 2023: $772,9652023Assets 2024: $936,065Liabilities 2024: $912Net Assets 2024: $935,1532024

Highlighted filing

2023

Assets$773,938
Liabilities$973
Net Assets$772,965

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2012: $88,1082012Revenue 2013: $91,126Expenses 2013: $71,410Net Income 2013: $19,7162013Revenue 2014: $125,717Expenses 2014: $50,890Net Income 2014: $74,8272014Revenue 2015: $162,421Expenses 2015: $126,889Net Income 2015: $35,5322015Revenue 2016: $128,628Expenses 2016: $110,344Net Income 2016: $18,2842016Revenue 2017: $119,464Expenses 2017: $98,898Net Income 2017: $20,5662017Revenue 2018: $125,832Expenses 2018: $99,637Net Income 2018: $26,1952018Revenue 2019: $160,547Expenses 2019: $112,877Net Income 2019: $47,6702019Revenue 2020: $83,770Expenses 2020: $62,473Net Income 2020: $21,2972020Revenue 2021: $127,757Expenses 2021: $56,369Net Income 2021: $71,3882021Revenue 2022: $317,235Expenses 2022: $92,227Net Income 2022: $225,0082022Revenue 2023: $119,297Expenses 2023: $139,075Net Income 2023: -$19,7782023Revenue 2024: $347,408Expenses 2024: $191,234Net Income 2024: $156,1742024

Highlighted filing

2023

Revenue$119,297
Expenses$139,075
Net Income-$19,778
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$259,858
Mission and Program Overview

Mission

The mission of the Milton Hershey School Alumni Association is to promote an appreciation and pride in its Alma Mater, a sense of family among all alumni, and a dedication to the educational and other principles of Milton and Catherine Hershey's Deed of Trust, with a commitment to the well-being of Milton Hershey School, its students and alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$465,324$469,981▲ $4,657
Investments in Publicly Traded Securities$161,895$164,291▲ $2,396
Savings and Temporary Cash Investments$54,067$39,666▼ $14,401
Total Assets$781,286$773,938▼ $7,348
Other Assets Total$100,000$100,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$328$973▲ $645
Total Liabilities$328$973▲ $645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$602,943$597,706▼ $5,237
Net Assets With Donor Restrictions$178,015$175,259▼ $2,756
Total Net Assets Fund Balance$780,958$772,965▼ $7,993
Total Liabilities and Net Assets / Fund Balance$781,286$773,938▼ $7,348

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$782$782
Other Assets Org$100,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John FoleyPresident
Albert LeonziDirector
Alfredo GonzalezDirector
Amanda DucharmeDirector
David DucharmeDirector
Jack SwoffordDirector
Joe AurelioDirector
John GrabDirector
Julee HixonDirector
Mel HornDirector
Paul AurelioDirector
Robert GurtDirector
Virgil WhitsettDirector
Lorraine RombergerEx Officio
Kim ElenbergSecretary
Tom TrispagonasTreasurer
Angela ShadeVice Preside
Terry ArnoldVP Communica
Francine SerafinVP Legal COU
Revenue and Support

Revenue Composition

Contributions and Grants
$66,847
Program Service Revenue
$0
Investment Income
$267
Other Revenue
$52,183
All Other Contributions
$49,035
Change in Net Assets
$-19,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,916
Salaries, Compensation, and Employee Benefits$34,159
Total Fundraising Expense$3,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$18,958$9,479$3,160$31,597
Office Expenses-$10,094-$10,094
Fees for Services Accounting-$8,208-$8,208
Insurance-$7,655-$7,655
Payroll Taxes$1,537$769$256$2,562
Fees for Service Investment Mgmnt Fees-$1,399-$1,399
Travel-$900-$900
Occupancy-$775-$775
Other Expenses$58,416$275-$275
Total Functional Expenses$78,911$56,748$3,416$139,075
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$109,985
Fundraising Direct Expenses$75,410
Gaming Gross Income$32,608
Gaming Direct Expenses$15,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$47,483$47,483$2,308$45,175
Alumni Weekend$18,104$18,104$13,928$4,176
Total Events$79,877$79,877$41,256$38,621
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

990 AVAILABLE ON REQUEST

Filing and Contact Details

Filer

Filer Name
Milton Hershey School Alumni
EIN
25-1308522
Phone
7175202045
Address
109 MCCORKLE ROAD, HERSHEY, PA 17033

Signing Officer

Name
Tom Trispagonas
Title
Treasurer
Phone
7175202045
Signed
2024-11-14

Organization Details

Principal Officer
Tom Trispagonas
Formed
1930
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
19
Employees
2

Preparer

Firm
Smoker Smith & Associates Pc
Address
PO BOX 770, HERSHEY, PA 17033
Preparer
Jori M Culp CPA Cfe
Phone
7175335154
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the milton hershey school alumni association is to promote an appreciation and pride in its alma mater, a sense of family among all alumni, and a dedication to the educational and other principles of milton and catherine hershey's deed of trust, with a commitment to the well-being of milton hershey school, its students and alumni.

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IRS990/MissionDesc0THE MISSION OF THE MILTON HERSHEY SCHOOL ALUMNI ASSOCIATION IS TO PROMOTE AN APPRECIATION AND PRIDE IN ITS ALMA MATER, A SENSE OF FAMILY AMONG ALL ALUMNI, AND A DEDICATION TO THE EDUCATIONAL AND OTHER PRINCIPLES OF MILTON AND CATHERINE HERSHEY'S DEED OF TRUST, WITH A COMMITMENT TO THE WELL-BEING OF MILTON HERSHEY SCHOOL, ITS STUDENTS AND ALUMNI.
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NON-QUALIFIED ANNUITY
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IRS990ScheduleG/CharitableDistributionRqrInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ALUMNI WEEKEND
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt025020
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IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt015000
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IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt015000
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IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt017608
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$0.01$9.35$3.47$1.91$1.56
2023Detailed filing. Detailed filing data is available for this year.$7.74$0.01$7.73$1.19$1.39$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.81$0.00$7.81$3.17$0.92$2.25
2021Detailed filing. Detailed filing data is available for this year.$5.69$0.00$5.69$1.28$0.56$0.71
2020Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$0.84$0.62$0.21
2019Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$1.61$1.13$0.48
2018Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$1.26$1.00$0.26
2017Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$1.19$0.99$0.21
2016Detailed filing. Detailed filing data is available for this year.$3.56$0.00$3.55$1.29$1.10$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.37$0.00$3.37$1.62$1.27$0.36
2014Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$1.26$0.51$0.75
2013Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.91$0.71$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.00$2.52$0.88