Civic Intelligence

Purdue Alumni Association Inc. Memorial Union Building

990 • Fiscal year 2023 • EIN 35-0595500

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 08, 2023

403 West Wood StreetWest Lafayette, IN 47907

(765) 494-0507

Siviq Scores

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

Liabilities / Assets

49th percentile

0.21x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

2.98x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

36th percentile

-0.1%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

21st percentile

-1.8%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

13th percentile

-26%

Faster revenue growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$35,353,070

Down $649,967 (-1.8%) from 2022

Net Assets

Down

$27,920,483

Down $454,936 (-1.6%) from 2022

Liabilities

Down

$7,432,587

Down $195,031 (-2.6%) from 2022

Revenue

Down

$2,496,448

Down $894,358 (-26%) from 2022

Expenses

Up

$2,498,464

Up $372,188 (+18%) from 2022

Net Income

Down

-$2,016

Down $1,266,546 (-100%) from 2022

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2013: $31,448,406Liabilities 2013: $7,125,794Net Assets 2013: $24,322,6122013Assets 2014: $34,867,678Liabilities 2014: $7,249,971Net Assets 2014: $27,617,7072014Assets 2015: $34,935,562Liabilities 2015: $7,514,178Net Assets 2015: $27,421,3842015Assets 2016: $32,731,321Liabilities 2016: $7,838,656Net Assets 2016: $24,892,6652016Assets 2017: $33,721,259Liabilities 2017: $8,327,694Net Assets 2017: $25,393,5652017Assets 2018: $32,601,694Liabilities 2018: $8,419,714Net Assets 2018: $24,181,9802018Assets 2019: $30,925,235Liabilities 2019: $8,520,113Net Assets 2019: $22,405,1222019Assets 2020: $28,454,716Liabilities 2020: $8,694,143Net Assets 2020: $19,760,5732020Assets 2021: $36,029,758Liabilities 2021: $7,801,632Net Assets 2021: $28,228,1262021Assets 2022: $36,003,037Liabilities 2022: $7,627,618Net Assets 2022: $28,375,4192022Assets 2023: $35,353,070Liabilities 2023: $7,432,587Net Assets 2023: $27,920,4832023Assets 2024: $36,119,797Liabilities 2024: $7,251,421Net Assets 2024: $28,868,3762024

Highlighted filing

2023

Assets$35,353,070
Liabilities$7,432,587
Net Assets$27,920,483

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2013: $4,218,7772013Revenue 2014: $4,583,064Expenses 2014: $4,202,743Net Income 2014: $380,3212014Revenue 2015: $4,682,745Expenses 2015: $4,434,780Net Income 2015: $247,9652015Revenue 2016: $4,885,839Expenses 2016: $4,437,737Net Income 2016: $448,1022016Revenue 2017: $4,760,386Expenses 2017: $5,696,228Net Income 2017: -$935,8422017Revenue 2018: $4,856,358Expenses 2018: $6,437,019Net Income 2018: -$1,580,6612018Revenue 2019: $4,924,298Expenses 2019: $6,793,837Net Income 2019: -$1,869,5392019Revenue 2020: $5,513,832Expenses 2020: $6,252,858Net Income 2020: -$739,0262020Revenue 2021: $3,619,102Expenses 2021: $3,397,643Net Income 2021: $221,4592021Revenue 2022: $3,390,806Expenses 2022: $2,126,276Net Income 2022: $1,264,5302022Revenue 2023: $2,496,448Expenses 2023: $2,498,464Net Income 2023: -$2,0162023Revenue 2024: $2,305,503Expenses 2024: $3,199,745Net Income 2024: -$894,2422024

Highlighted filing

2023

Revenue$2,496,448
Expenses$2,498,464
Net Income-$2,016
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 8, 2023
Return Version
2022v5.0
Gross Receipts
$2,496,448
Mission and Program Overview

Mission

To promote the welfare of purdue university and to encourage the interest of alumni in the university and each other.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$33,369,850$33,166,930▼ $202,920
Prepaid Expenses and Deferred Charges$1,773,623$1,474,643▼ $298,980
Savings and Temporary Cash Investments$764,026$575,920▼ $188,106
Accounts Receivable$90,720$132,007▲ $41,287
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$36,003,037$35,353,070▼ $649,967
Other Assets Total$4,718$3,470▼ $1,248
Liabilities
Deferred Revenue$7,623,058$7,425,114▼ $197,944
Accounts Payable and Accrued Expenses$818$7,473▲ $6,655
Escrow Account Liability$3,742--
Total Liabilities$7,627,618$7,432,587▼ $195,031
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,363,350$27,908,414▼ $454,936
Net Assets With Donor Restrictions$12,069$12,069→ $0
Total Net Assets Fund Balance$28,375,419$27,920,483▼ $454,936
Total Liabilities and Net Assets / Fund Balance$36,003,037$35,353,070▼ $649,967

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$12,069---$12,069
2021$12,069---$12,069
2020$12,069---$12,069
2019$12,069---$12,069
2018$12,069---$12,069
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ken SamChairman
Ryan KayChairman of
Jon SimpsonLdnc Chairma
Daniel DawesPast Chairma
Danita RodibaughVice Chairma
Allison ManifoldDirector
Almira YllanaDirector
Beth BostwickDirector
Dale CripeDirector
Greg JungDirector
Jim OvermanDirector
John Glass IiiDirector
Justin BaitzDirector
Karissa Donnoe HodsonDirector
Katherine PilotDirector
Kevin WilsonDirector
Khalil AlamiDirector
Somita BasuDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Purdue For LifeProf. Services403 WEST WOOD STREET, West Lafayette, IN 47907$2,419,352
Revenue and Support

Revenue Composition

Contributions and Grants
$620,082
Program Service Revenue
$316,471
Investment Income
$1,302,832
Other Revenue
$257,063
All Other Contributions
$67,791
Change in Net Assets
$-2,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,497,082
Salaries, Compensation, and Employee Benefits$1,382
Total Fundraising Expense$75
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,419,352$48,115-$48,115
Fees for Services Accounting-$19,780-$19,780
Fees for Services Legal-$4,326-$4,326
Fees for Services Other-$2,273-$2,273
Insurance-$1,573-$1,573
Other Salaries and Wages-$1,382-$1,382
Depreciation Depletion-$1,248-$1,248
Office Expenses-$340$75$415
Total Functional Expenses$2,419,352$79,037$75$2,498,464
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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 6

Individuals become members of the purdue alumni association upon payment of membership dues

Form 990, Page 6, Part VI, Line 7A

Individuals who pay membership dues to purdue alumni association elect some members of the governing board of the organization.

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

A draft copy is presented to the chair and vice chair of the finance committee and they have the opportunity to ask organization management questions before the 990 is submitted.

Form 990, Page 6, Part VI, Line 12C

All organization staff members and governing board members are required to fully disclose any potential conflict of interest that may exist as a result of their relationship to the organization. Conflict of interest disclosure statements must be signed each year. Copies are maintained by the secretary of the board and provided to the finance committee for review. The finance committee addresses any potential conflicts of interest. Any potential conflict of interest on the part of any governing board member is disclosed to other governing board members when the interest becomes a matter of governing board action. The governing board member shall not vote or use his or her influence on the matter, and the minutes of the governing board meeting shall reflect that a disclosure was made and the governing board member shall abstain from participation in the matter. Any potential conflict of interest on the part of any organization staff member which could affect transactions to which the organization is a party shall be reported to the chairman of the board of directors. The chairman of the board of directors shall investigate and report the results and findings to the executive committee of the governing board.

Form 990, Page 6, Part VI, Line 19

The organization makes its tax returns, governing documents, conflict of interest policy, and financial statements available to the public on an as-requested basis. Individuals may review documents at the office of the organization. Individuals who wish to have a copy must make their request in person or in writing, and are required to reimburse the organization for the cost of reproduction (based on 0.05 per page x the number of pages) plus the cost of 1st class postage (if mailed). Payment is required before the copy will be provided.

Filing and Contact Details

Filer

Filer Name
Purdue Alumni Association Inc
EIN
35-0595500
Phone
7654940507
Address
403 WEST WOOD STREET, WEST LAFAYETTE, IN 47907

Signing Officer

Name
John Glass Iii
Title
Director
Phone
7654940507
Signed
2023-12-08

Organization Details

Principal Officer
Ken Sam
Formed
1878
Legal Domicile
In
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Huth Thompson Llp
Address
PO BOX 970, LAFAYETTE, IN 47902-0970
Preparer
Kimberley R Morisette
Phone
7654285000
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds are held in perpetuity to benefit the organization.

Schedule D, Page 3, Part X

Accounting standards require entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years 2019 and later remain open and are subject to examination by tax authorities. Areas that irs and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. The organization does not believe that it has any uncertain tax positions with respect to these or other matters, and therefore has not recorded any unrecognized tax benefits or liabilities. The organization is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN OF
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LDNC CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/OtherRevenueMiscGrp/Desc1TOURS
IRS990/OtherRevenueMiscGrp/Desc2MINERAL INTEREST - ROYALTY
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0A TRUSTEE OF PURDUE UNIVERSITY IS A VOTING MEMBER OF THE BOARD AND THE EXECUTIVE COMMITTEE OF THE PURDUE ALUMNI ASSOCIATION (PAA) AND, AS SUCH, HAS A SIGNIFICANT VOICE IN THE PAA INVESTMENT POLICIES, AS WELL AS DIRECTING THE USE OF PAA'S INCOME AND ASSETS IN SUPPORT OF THE PAA MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1PURDUE ALUMNI ASSOCIATION INC EXISTS TO PROMOTE THE WELFARE OF PURDUE UNIVERSITY AND TO ENCOURAGE THE INTEREST OF ALUMNI IN THE UNIVERSITY AND EACH OTHER.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 1C
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PURDUE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0PURDUE UNIVERSITY
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt012069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt012069
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012069
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012069
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012069
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE HELD IN PERPETUITY TO BENEFIT THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING STANDARDS REQUIRE ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTIES IN THEIR TAX POSITION. TAX YEARS 2019 AND LATER REMAIN OPEN AND ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES. AREAS THAT IRS AND STATE TAX AUTHORITIES CONSIDER WHEN EXAMINING TAX RETURNS OF A CHARITY INCLUDE, BUT MAY NOT BE LIMITED TO, TAX-EXEMPT STATUS AND THE EXISTENCE AND AMOUNT OF UNRELATED BUSINESS INCOME. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS WITH RESPECT TO THESE OR OTHER MATTERS, AND THEREFORE HAS NOT RECORDED ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES. THE ORGANIZATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE DATE OF THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDIVIDUALS BECOME MEMBERS OF THE PURDUE ALUMNI ASSOCIATION UPON PAYMENT OF MEMBERSHIP DUES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDIVIDUALS WHO PAY MEMBERSHIP DUES TO PURDUE ALUMNI ASSOCIATION ELECT SOME MEMBERS OF THE GOVERNING BOARD OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY IS PRESENTED TO THE CHAIR AND VICE CHAIR OF THE FINANCE COMMITTEE AND THEY HAVE THE OPPORTUNITY TO ASK ORGANIZATION MANAGEMENT QUESTIONS BEFORE THE 990 IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ORGANIZATION STAFF MEMBERS AND GOVERNING BOARD MEMBERS ARE REQUIRED TO FULLY DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST THAT MAY EXIST AS A RESULT OF THEIR RELATIONSHIP TO THE ORGANIZATION. CONFLICT OF INTEREST DISCLOSURE STATEMENTS MUST BE SIGNED EACH YEAR. COPIES ARE MAINTAINED BY THE SECRETARY OF THE BOARD AND PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINANCE COMMITTEE ADDRESSES ANY POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICT OF INTEREST ON THE PART OF ANY GOVERNING BOARD MEMBER IS DISCLOSED TO OTHER GOVERNING BOARD MEMBERS WHEN THE INTEREST BECOMES A MATTER OF GOVERNING BOARD ACTION. THE GOVERNING BOARD MEMBER SHALL NOT VOTE OR USE HIS OR HER INFLUENCE ON THE MATTER, AND THE MINUTES OF THE GOVERNING BOARD MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THE GOVERNING BOARD MEMBER SHALL ABSTAIN FROM PARTICIPATION IN THE MATTER. ANY POTENTIAL CONFLICT OF INTEREST ON THE PART OF ANY ORGANIZATION STAFF MEMBER WHICH COULD AFFECT TRANSACTIONS TO WHICH THE ORGANIZATION IS A PARTY SHALL BE REPORTED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. THE CHAIRMAN OF THE BOARD OF DIRECTORS SHALL INVESTIGATE AND REPORT THE RESULTS AND FINDINGS TO THE EXECUTIVE COMMITTEE OF THE GOVERNING BOARD.

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