Civic Intelligence

Penn State Alumni Association

990 • Fiscal year 2017 • EIN 25-1554003

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Hintz Alumni CenterUniversity Park, PA 16802-1439

(814) 863-2809

Siviq Scores

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

Liabilities / Assets

35th percentile

0.16x

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.80x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

47th percentile

2.5%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$143,131

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$68,367,108

Up $7,855,723 (+13%) from 2016

Net Assets

Up

$57,627,666

Up $6,301,650 (+12%) from 2016

Liabilities

Up

$10,739,442

Up $1,554,073 (+17%) from 2016

Revenue

Up

$13,375,697

Up $1,522,870 (+13%) from 2016

Expenses

Up

$13,041,434

Up $1,547,058 (+13%) from 2016

Net Income

Down

$334,263

Down $24,188 (-6.7%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $36,141,702Liabilities 2010: $0Net Assets 2010: $36,141,7022010Assets 2011: $38,037,198Liabilities 2011: $0Net Assets 2011: $38,037,1982011Assets 2012: $39,069,290Liabilities 2012: $0Net Assets 2012: $39,069,2902012Assets 2013: $40,371,761Liabilities 2013: $0Net Assets 2013: $40,371,7612013Assets 2014: $63,422,641Liabilities 2014: $9,979,636Net Assets 2014: $53,443,0052014Assets 2015: $63,120,823Liabilities 2015: $9,463,206Net Assets 2015: $53,657,6172015Assets 2016: $60,511,385Liabilities 2016: $9,185,369Net Assets 2016: $51,326,0162016Assets 2017: $68,367,108Liabilities 2017: $10,739,442Net Assets 2017: $57,627,6662017Assets 2018: $73,853,782Liabilities 2018: $10,556,967Net Assets 2018: $63,296,8152018Assets 2019: $76,172,865Liabilities 2019: $10,739,498Net Assets 2019: $65,433,3672019Assets 2020: $78,499,672Liabilities 2020: $10,215,069Net Assets 2020: $68,284,6032020Assets 2021: $100,014,631Liabilities 2021: $2,199,023Net Assets 2021: $97,815,6082021Assets 2022: $83,946,815Liabilities 2022: $2,111,784Net Assets 2022: $81,835,0312022Assets 2023: $90,749,331Liabilities 2023: $1,920,753Net Assets 2023: $88,828,5782023Assets 2024: $101,441,737Liabilities 2024: $2,045,993Net Assets 2024: $99,395,7442024

Highlighted filing

2017

Assets$68,367,108
Liabilities$10,739,442
Net Assets$57,627,666

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2010: $7,832,5152010Expenses 2011: $8,103,4652011Expenses 2012: $8,361,5782012Expenses 2013: $7,906,0042013Revenue 2014: $15,292,362Expenses 2014: $11,297,727Net Income 2014: $3,994,6352014Revenue 2015: $12,643,829Expenses 2015: $11,738,755Net Income 2015: $905,0742015Revenue 2016: $11,852,827Expenses 2016: $11,494,376Net Income 2016: $358,4512016Revenue 2017: $13,375,697Expenses 2017: $13,041,434Net Income 2017: $334,2632017Revenue 2018: $9,118,409Expenses 2018: $6,925,621Net Income 2018: $2,192,7882018Revenue 2019: $9,286,459Expenses 2019: $6,639,174Net Income 2019: $2,647,2852019Revenue 2020: $10,284,938Expenses 2020: $6,424,729Net Income 2020: $3,860,2092020Revenue 2021: $13,658,978Expenses 2021: $6,731,374Net Income 2021: $6,927,6042021Revenue 2022: $19,414,154Expenses 2022: $6,212,955Net Income 2022: $13,201,1992022Revenue 2023: $8,294,575Expenses 2023: $7,351,026Net Income 2023: $943,5492023Revenue 2024: $11,428,696Expenses 2024: $6,976,273Net Income 2024: $4,452,4232024

Highlighted filing

2017

Revenue$13,375,697
Expenses$13,041,434
Net Income$334,263
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$14,834,123
Mission and Program Overview

Mission

To connect alumni to the university and to each other, to provide valued services to members, and to support the university's mission of teaching, research, and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$57,711,534$64,141,887▲ $6,430,353
Savings and Temporary Cash Investments$1,258,553$2,698,405▲ $1,439,852
Accounts Receivable$606,762$702,827▲ $96,065
Land, Buildings, and Equipment, Net$465,951$366,410▼ $99,541
Prepaid Expenses and Deferred Charges$97,241$151,439▲ $54,198
Intangible Assets-$16,000-
Total Assets$60,511,385$68,367,108▲ $7,855,723
Other Assets Total$371,344$290,140▼ $81,204
Liabilities
Deferred Revenue$8,534,989$8,884,000▲ $349,011
Other Liabilities$306,344$1,490,140▲ $1,183,796
Accounts Payable and Accrued Expenses$344,036$365,302▲ $21,266
Total Liabilities$9,185,369$10,739,442▲ $1,554,073
Net Assets / Fund Balance
Unrestricted Net Assets$51,326,016$57,627,666▲ $6,301,650
Total Net Assets Fund Balance$51,326,016$57,627,666▲ $6,301,650
Total Liabilities and Net Assets / Fund Balance$60,511,385$68,367,108▲ $7,855,723

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$366,410$225,400-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy CaputoExecutive Director, Strategic CommunicationsFT$103,033$40,098$143,131
Tina HayEditorFT$115,681$15,816$131,497

Board Members and Trustees

NameTitle
Kay Frantz SalvinoPast President
Kevin R SteelePresident
Steven B WagmanVice President
A Michael ErdmanAlumni Council Member
Anand R GanjamAlumni Council Member
Andrew M KarasikAlumni Council Member
Ann Michele BloodAlumni Council Member
Benjamin D ClarkAlumni Council Member
Bennett W SamuelAlumni Council Member
Bradford M SimpsonAlumni Council Member
Brian S BinkleyAlumni Council Member
C Jay HertzogAlumni Council Member
Carl B WilliamsAlumni Council Member
Charmaine S TetkoskieAlumni Council Member
Cynthia A MableAlumni Council Member
Dale T HoffmanAlumni Council Member
Darryl E BundrigeAlumni Council Member
David A GonzalezAlumni Council Member
David J PasternakAlumni Council Member
David J PaternoAlumni Council Member
David S CavanaughAlumni Council Member
David W McClungAlumni Council Member
David W UlmerAlumni Council Member
Deborah Casamassa BeidelAlumni Council Member
Elizabeth Ann R MorganAlumni Council Member
Elizabeth Park HaasAlumni Council Member
Eric B CowdenAlumni Council Member
Gary L WerkheiserAlumni Council Member
Gregory J SamAlumni Council Member
Harry J DAndreaAlumni Council Member
Heather WongAlumni Council Member
Helen C KlingerAlumni Council Member
Ivan E SantosAlumni Council Member
James A StraussAlumni Council Member
James H SmithAlumni Council Member
James P BrandauAlumni Council Member
Jeffrey A ReyesAlumni Council Member
Jeffrey A YelenAlumni Council Member
Joel G ReedAlumni Council Member
John A Marcolini JrAlumni Council Member
John R Shaffer JrAlumni Council Member
Joseph G MaielloAlumni Council Member
Judith MeehanAlumni Council Member
Julia E McDowellAlumni Council Member
Karen E KellerAlumni Council Member
Karen Kalenak SweeneyAlumni Council Member
Katelyn MullenAlumni Council Member
Kathleen E CasarinAlumni Council Member
Kathleen G HumeAlumni Council Member
Kelley M LynchAlumni Council Member
Kelsey L BaileyAlumni Council Member
KerriLaine PrunellaAlumni Council Member
Kevin V HorneAlumni Council Member
Kirk S Hinkley IVAlumni Council Member
Kris A CrysterAlumni Council Member
Kristen L McMullenAlumni Council Member
Kristin L CrosslandAlumni Council Member
Larry N Trubilla JrAlumni Council Member
Laurie StanellAlumni Council Member
Liana M TriggAlumni Council Member
Lisa T HartAlumni Council Member
M Toni Benedict KnollAlumni Council Member
Madeline E SnyderAlumni Council Member
Maria A PalmieriAlumni Council Member
Mark A PobleteAlumni Council Member
Martin R Cepeda JrAlumni Council Member
Matthew A EsworthyAlumni Council Member
Meeten V DoshiAlumni Council Member
Melissa D QuintanaAlumni Council Member
Michael F CatinoAlumni Council Member
Michael S KirschnerAlumni Council Member
Misha A DemchukAlumni Council Member
Natalie FitzgeraldAlumni Council Member
Nuria A Diallo PadroAlumni Council Member
Pavel ShusharinAlumni Council Member
Randolph B Houston JrAlumni Council Member
Robert J DuminiakAlumni Council Member
Roxanne C ShielsAlumni Council Member
Shawn D MandersonAlumni Council Member
Shawn M HinkleAlumni Council Member
Steven D GardnerAlumni Council Member
Susan Beck WilsonAlumni Council Member
Susan N BilesAlumni Council Member
T Robert BoulwareAlumni Council Member
Terence J FordAlumni Council Member
Thomas E KapelewskiAlumni Council Member
Thomas R ContiAlumni Council Member
Todd M BacastowAlumni Council Member
Tommy C HoganAlumni Council Member
Tonya DeVecchis-KerrAlumni Council Member
Tracy Shillinger RiegelAlumni Council Member
Ty A McGilberryAlumni Council Member
Vera SpinaAlumni Council Member
Wanika FisherAlumni Council Member
Wendy E BraundAlumni Council Member
Wendy Forrest EdgarAlumni Council Member
Whitney StringerAlumni Council Member
William E HollowayAlumni Council Member
William R ScruitskyAlumni Council Member
Paul J CliffordCEO, Secretary, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,471,730
Program Service Revenue
$3,107,944
Investment Income
$2,905,702
Other Revenue
$2,890,321
Change in Net Assets
$334,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,321,570
Revenue Not Reported on Financial Statements
$54,127
Revenue Not Reported on Form 990
$7,874,065
Total Revenue per Audited Statements
$21,195,635
Total Revenue per Form 990
$13,375,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,130,976
Grants and Similar Amounts Paid$910,458
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,713,260$3,757,846-$7,471,106
Advertising$1,264,014$47,340-$1,311,354
Office Expenses$1,157,041$149,907-$1,306,948
Grants to Domestic Orgs$910,458--$910,458
Travel$556,276$136,584-$692,860
Conferences and Meetings$509,122$64,473-$573,595
Information Technology$54,909$200,718-$255,627
Fees for Services Legal-$196,880-$196,880
Depreciation Depletion-$115,446-$115,446
Occupancy$39,440$70,696-$110,136
Fees for Service Investment Mgmnt Fees-$54,127-$54,127
Fees for Services Accounting-$42,897-$42,897
Total Functional Expenses$8,204,520$4,836,914$0$13,041,434

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,964,574
Total Expenses per Form 990$13,041,434
Expenses per Audited Statements$12,987,307
Expenses Not Reported on Form 990$1,977,267
Expenses Not Reported on Financial Statements$54,127
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chapters Consituent Societies and Alumni Interest Groups (313 Affiliates)United States, PA-Operations$465,758
The Pennsylvania State UniversityUniversity Park, PA-Academic and Other Support$444,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
pledges payable$1,200,000
Class Treasuries Account Payable$290,140
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The following persons shall be eligible for membership in the association: (1) all persons who have completed one semester or two terms of work in any university program requiring at least two years of completion; (2) all persons who have received an advanced degree from the university; (3) all interns, residents, and fellows of the university's milton s. Hershey medical center; and (4) all post-graduate fellows of the university's colleges who have completed the equivalent of one semester or two terms in an accredited program. Faculty members, present and past, parents of students or of alumni, and other loyal friends of the university shall be admitted to associate membership.

Form 990, Part VI, Section A, line 7A

Members of the association have the following rights and privileges: (1) to vote in all association elections; (2) to hold office in the association, except as provided in the bylaws; and (3) to be eligible to receive all official publications of the association. Members of the blue & white society (other than those student organization representatives described in the bylaws) and associate members, as those terms are defined in the bylaws, have the privileges of membership except that they may not hold office in the association or vote in assocation elections.

Form 990, Part VI, Section B, line 11B

The form 990 is reviewed and approved by management prior to filing with the internal revenue service.

Form 990, Part VI, Section C, line 19

The organization's articles of incorporation are available to the public via the pennsylvania department of state's website (http://www.dos.pa.gov). Financial information for the organization is made available to the public solely through this form 990. Schedule d to form 990, parts xi-xiii reconciles the financial information reported on form 990 to the organization's financial statements. The organization's bylaws and conflict of interest policy are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Penn State Alumni Association
EIN
25-1554003
Phone
8148632809
Address
HINTZ ALUMNI CENTER, UNIVERSITY PARK, PA 16802-1439

Signing Officer

Name
Paul J Clifford
Title
Chief Executive Officer
Phone
8148656516
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul J Clifford
Formed
1924
Legal Domicile
Pa
Voting Board Members
100
Independent Board Members
100
Employees
0
Volunteers
4,000

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
1423 N Atherton Street, State College, PA 16803
Preparer
Jodi L Pringle
Phone
8142388474
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Other Service Fees: Program service expenses 820,145. Management and general expenses 455,551. Fundraising expenses 0. Total expenses 1,275,696. OTHER PROFESSIONAL FEES: Program service expenses 2,893,115. Management and general expenses 3,302,295. Fundraising expenses 0. Total expenses 6,195,410.

Financial Statement Notes

Part X, Line 2:

The Association's open audit periods are 2013 through 2015. ASC No. 740-10, "Income Taxes," prescribes a comprehensive model for how an organization should measure, recognize, present, and disclose uncertain tax positions taken on its tax return. The Association believes that it has appropriate support for tax positions taken and, as such, does not have any uncertain tax positions that are material to the consolidated financial statements.

Part XI, Line 2D - Other Adjustments:

Cost of goods sold 206,266. Psaa holding corporation revenue 2,908.

Part XII, Line 2D - Other Adjustments:

Cost of goods sold 206,266. Psaa holding corporation expenses 73,497.

Raw XML AppendixShowing 400 of 1,184 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt750
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt810
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt850
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt870
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt980
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt990
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10015816
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10140098
IRS990/Form990PartVIISectionAGrp/PersonNm0Todd M Bacastow
IRS990/Form990PartVIISectionAGrp/PersonNm1Kelsey L Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm2Deborah Casamassa Beidel
IRS990/Form990PartVIISectionAGrp/PersonNm3Susan N Biles
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian S Binkley
IRS990/Form990PartVIISectionAGrp/PersonNm5Ann Michele Blood
IRS990/Form990PartVIISectionAGrp/PersonNm6T Robert Boulware
IRS990/Form990PartVIISectionAGrp/PersonNm7James P Brandau
IRS990/Form990PartVIISectionAGrp/PersonNm8Wendy E Braund
IRS990/Form990PartVIISectionAGrp/PersonNm9Darryl E Bundrige

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$101$2.05$99.4$11.4$6.98$4.45
2023Detailed filing. Detailed filing data is available for this year.$90.7$1.92$88.8$8.29$7.35$0.94
2022Detailed filing. Detailed filing data is available for this year.$83.9$2.11$81.8$19.4$6.21$13.2
2021Detailed filing. Detailed filing data is available for this year.$100$2.20$97.8$13.7$6.73$6.93
2020Detailed filing. Detailed filing data is available for this year.$78.5$10.2$68.3$10.3$6.42$3.86
2019Detailed filing. Detailed filing data is available for this year.$76.2$10.7$65.4$9.29$6.64$2.65
2018Detailed filing. Detailed filing data is available for this year.$73.9$10.6$63.3$9.12$6.93$2.19
2017Detailed filing. Detailed filing data is available for this year.$68.4$10.7$57.6$13.4$13.0$0.33
2016Detailed filing. Detailed filing data is available for this year.$60.5$9.19$51.3$11.9$11.5$0.36
2015Detailed filing. Detailed filing data is available for this year.$63.1$9.46$53.7$12.6$11.7$0.91
2014Detailed filing. Detailed filing data is available for this year.$63.4$9.98$53.4$15.3$11.3$3.99
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$0.00$40.4$7.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.1$0.00$39.1$8.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$0.00$38.0$8.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.1$0.00$36.1$7.83