Civic Intelligence

The Kansas University Alumni Association DBA Ku Alumni Association

990 • Fiscal year 2017 • EIN 48-0291250

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 19, 2017

1266 Oread AvenueLawrence, KS 66045

(785) 864-4760

Siviq Scores

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

Liabilities / Assets

30th percentile

0.07x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.28x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

44th percentile

1.5%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$218,700

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

56th percentile

6.2%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

2.2%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$24,123,844

Up $1,404,825 (+6.2%) from 2016

Net Assets

Up

$22,479,797

Up $1,291,015 (+6.1%) from 2016

Liabilities

Up

$1,644,047

Up $113,810 (+7.4%) from 2016

Revenue

Up

$5,894,668

Up $128,438 (+2.2%) from 2016

Expenses

Up

$5,808,390

Up $218,794 (+3.9%) from 2016

Net Income

Down

$86,278

Down $90,356 (-51%) from 2016

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $17,402,443Liabilities 2010: $3,573,368Net Assets 2010: $13,829,0752010Assets 2011: $19,620,152Liabilities 2011: $3,697,879Net Assets 2011: $15,922,2732011Assets 2012: $19,249,450Liabilities 2012: $3,886,587Net Assets 2012: $15,362,8632012Assets 2013: $20,613,195Liabilities 2013: $4,422,307Net Assets 2013: $16,190,8882013Assets 2014: $23,222,203Liabilities 2014: $1,538,912Net Assets 2014: $21,683,2912014Assets 2015: $24,057,281Liabilities 2015: $2,056,814Net Assets 2015: $22,000,4672015Assets 2016: $22,719,019Liabilities 2016: $1,530,237Net Assets 2016: $21,188,7822016Assets 2017: $24,123,844Liabilities 2017: $1,644,047Net Assets 2017: $22,479,7972017Assets 2018: $26,629,292Liabilities 2018: $1,789,298Net Assets 2018: $24,839,9942018Assets 2019: $29,502,632Liabilities 2019: $1,948,764Net Assets 2019: $27,553,8682019Assets 2020: $43,406,063Liabilities 2020: $2,320,353Net Assets 2020: $41,085,7102020Assets 2021: $55,026,228Liabilities 2021: $1,862,549Net Assets 2021: $53,163,6792021Assets 2022: $58,873,329Liabilities 2022: $1,803,444Net Assets 2022: $57,069,8852022Assets 2023: $62,687,219Liabilities 2023: $4,927,273Net Assets 2023: $57,759,9462023Assets 2024: $64,129,230Liabilities 2024: $5,192,839Net Assets 2024: $58,936,3912024

Highlighted filing

2017

Assets$24,123,844
Liabilities$1,644,047
Net Assets$22,479,797

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $5,379,4762010Revenue 2011: $5,404,021Expenses 2011: $5,673,033Net Income 2011: -$269,0122011Expenses 2012: $5,812,7252012Expenses 2013: $5,852,0242013Revenue 2014: $6,027,297Expenses 2014: $6,030,453Net Income 2014: -$3,1562014Revenue 2015: $7,458,631Expenses 2015: $6,423,634Net Income 2015: $1,034,9972015Revenue 2016: $5,766,230Expenses 2016: $5,589,596Net Income 2016: $176,6342016Revenue 2017: $5,894,668Expenses 2017: $5,808,390Net Income 2017: $86,2782017Revenue 2018: $7,467,221Expenses 2018: $6,067,953Net Income 2018: $1,399,2682018Revenue 2019: $7,951,125Expenses 2019: $6,402,871Net Income 2019: $1,548,2542019Revenue 2020: $19,795,614Expenses 2020: $5,634,251Net Income 2020: $14,161,3632020Revenue 2021: $10,800,622Expenses 2021: $4,719,774Net Income 2021: $6,080,8482021Revenue 2022: $8,932,578Expenses 2022: $5,439,226Net Income 2022: $3,493,3522022Revenue 2023: $7,228,736Expenses 2023: $6,448,567Net Income 2023: $780,1692023Revenue 2024: $8,110,011Expenses 2024: $8,476,982Net Income 2024: -$366,9712024

Highlighted filing

2017

Revenue$5,894,668
Expenses$5,808,390
Net Income$86,278
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 19, 2017
Return Version
2016v3.0
Gross Receipts
$6,397,145
Mission and Program Overview

Mission

The KU Alumni Association exists to strengthen the University of Kansas by informing, engaging, and mobilizing the KU community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$20,462,943$21,960,539▲ $1,497,596
Land, Buildings, and Equipment, Net$1,726,372$1,651,849▼ $74,523
Savings and Temporary Cash Investments$305,404$293,841▼ $11,563
Accounts Receivable$118,538$121,872▲ $3,334
Prepaid Expenses and Deferred Charges$105,762$95,743▼ $10,019
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$22,719,019$24,123,844▲ $1,404,825
Other Assets Total-$0-
Liabilities
Deferred Revenue$1,055,233$1,123,455▲ $68,222
Accounts Payable and Accrued Expenses$475,004$520,592▲ $45,588
Total Liabilities$1,530,237$1,644,047▲ $113,810
Net Assets / Fund Balance
Permanently Rstr Net Assets$12,230,536$13,065,081▲ $834,545
Unrestricted Net Assets$7,084,831$7,542,711▲ $457,880
Temporarily Rstr Net Assets$1,873,415$1,872,005▼ $1,410
Total Net Assets Fund Balance$21,188,782$22,479,797▲ $1,291,015
Total Liabilities and Net Assets / Fund Balance$22,719,019$24,123,844▲ $1,404,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,196,239$3,699,885$4,896,124
Other Land Buildings$71,551$1,222,770$1,294,321
Land$345,215-$345,215
Leasehold Improvements$38,844$152,367$191,211

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,040,341-▲ $449,915$192,285$4,297,971
2015$4,305,566-▼ $74,133$191,092$4,040,341
2014$4,506,613-▼ $11,817$189,230$4,305,566
2013$4,051,730-▲ $641,485$186,602$4,506,613
2012$3,860,600-▲ $376,804$185,673$4,051,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heath PetersonPresident & CEOFT$181,639$40,269$218,700
Dwight S ParmanTreasurer/Sr VPFT$133,046$202,469$169,185
Kevin J CorbettFormer President & CEO-$166,330-$166,330
Jennifer J SannerSecretary/Sr VPFT$126,409$30,395$160,012
Angela Riffey StoreyVP Donor RelationsFT$106,051$10,365$116,416

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Allen Press IncPublication/printing810 E 10th St, Lawrence, KS 66044$130,829
Revenue and Support

Revenue Composition

Contributions and Grants
$3,978,910
Program Service Revenue
$565,323
Investment Income
$278,193
Other Revenue
$1,072,242
All Other Contributions
$2,682,273
Change in Net Assets
$86,278

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table262$113,671Retail value
Total Noncash Contributions262$113,671-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,780,997
Revenue Not Reported on Financial Statements
$113,671
Revenue Not Reported on Form 990
$565,205
Other Revenue Adjustments
$113,671
Total Revenue per Audited Statements
$6,346,202
Total Revenue per Form 990
$5,894,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,555,837
Other Expenses$2,252,553
Total Fundraising Expense$700,681
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,071,355$46,748$121,436$2,239,539
Current Officers, Directors, Trustees, and Key Employees$548,036$73,682$86,976$708,694
Conferences and Meetings$510,373$34,054$71,140$615,567
Office Expenses$159,313$7,135$65,399$231,847
Other Employee Benefits$197,468$5,302$13,112$215,882
Payroll Taxes$183,011$7,369$14,186$204,566
Fees for Services Other$179,905$684$18,646$199,235
Travel$155,962$-3,326$36,060$188,696
Pension Plan Contributions$171,203$4,658$11,295$187,156
Occupancy$39,772$55,307$57,680$152,759
Depreciation Depletion$88,434$6,380$7,922$102,736
Insurance$100,173$285$762$101,220
Information Technology$16,071$37,365$46,374$99,810
Other Expenses$75,612$8,309$1,569$85,490
Advertising$54,817-$1,715$56,532
Fees for Services Accounting$25,811$2,617$3,248$31,676
Fees for Services Legal$1,558--$1,558
Total Functional Expenses$4,823,775$283,934$700,681$5,808,390

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,197,196
Total Expenses per Form 990$5,808,390
Expenses per Audited Statements$5,694,719
Expenses Not Reported on Form 990$502,477
Expenses Not Reported on Financial Statements$113,671
Other Expense Adjustments$113,671
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$335,814
Fundraising Gross Income$182,781
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rock Chalk Ball$373,877$158,046$165,046$-7,000
Jayhawk Roundup$80,205$24,735$42,578$-17,843
Total Events$454,082$182,781$335,814$-153,033
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Line 11B: Form 990 Review Process

Audit Committee members receive and review the Form 990 on behalf of the Board of Directors prior to filing. An Audit Committee report on the review is subsequently made to the Board of Directors, and copies of the Form 990 as filed are provided to any Board member upon request.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Employees and all members of both the Board of Directors and Audit Committee are annually requested to complete and submit in writing to the President & CEO a Conflict of Interest, Confidentiality, and Security Agreement form. This form discloses financial interests of the employee, director, or Audit Committee member with which the Alumni Association is also potentially a party, including but not limited to transactions or agreements; potential ownership or investment interests in any entity with which the Alumni Association is negotiating a transaction or arrangement; and ownership, investment, or compensation interests in an organization which is in competition with the Alumni Association. The Chair of the Board of Directors is to become familiar with the statements of the President & CEO and all Board and Audit Committee members. The Chair-Elect of the Board of Directors and the President & CEO are to become familiar with the statement filed by the Chair.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Alumni Association's Executive Committee annually conducts a performance evaluation of the President & CEO and functions as a compensation committee. In evaluating the President and CEOs performance, the Executive Committee solicits input from the President & CEO and all directors. The Executive Committee then determines the President and CEOs compensation and benefits. This determination is based upon performance of the President & CEO and the organization as a whole as well as annual salary survey results obtained from peers in similar organizations. The results of the performance review and the Executive Committees conclusion regarding the President and CEOs compensation and benefits are reported to the Board of Directors in an executive session at its May meeting each year. All management personnel of the Alumni Association, including the President & CEO, are excluded from all meetings of the Executive Committee and Board of Directors in which performance and compensation of the President & CEO are considered.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Alumni Association's governing documents are filed with the Kansas Secretary of State's office. Copies of governing documents, policies, and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Kansas University Alumni Association
EIN
48-0291250
Phone
7858644760
Address
1266 OREAD AVENUE, LAWRENCE, KS 66045

Signing Officer

Name
Dwight S Parman
Title
Treasurer
Signed
2017-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heath Peterson
Formed
1883
Legal Domicile
Ks
Voting Board Members
24
Independent Board Members
24
Employees
87
Volunteers
2,282

Preparer

Firm
Mize Houser & Company Pa
Address
534 S KANSAS AVE 400, TOPEKA, KS 66603-3454
Preparer
Yvonne G Brownell
Phone
7852330536
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Increase in beneficial interests @ KU Endowment = $62728

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Alumni Association maintains a board-designated endowment fund established to provide funds for services to life members (Schedule D, Part V, Lines 1-2). The Alumni Association also is designated income recipient for certain permanent endowment funds under both ownership and control of the KU Endowment Association but which are held and administered by the Endowment Association in perpetuity for the Alumni Association's benefit (Schedule D, Part V, Line 3a). These endowments are reported as Beneficial Interests in Endowment Funds in Part X, Balance Sheet. Income distributions from the Beneficial Interests, which are subject to the Endowment Association's spending policies, are reflected as contributions in Part I, Line 8. Income distributions from these endowments supplement the Alumni Association's operations and also provide for upkeep and maintenance of the Adams Alumni Center.

Part X : FIN48 Footnote

The Alumni Association's present accounting policy for the evaluation of uncertain tax positions is to review those positions on an annual basis. A liability would be recorded in the financial statements during the period which, based on all available evidence, management believes it is more likely than not that the tax position would not be sustained upon examination by taxing authorities and the liability would be incurred by the Alumni Association

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Increase in beneficial interest in endow $62728 Cost of sales-inventory and spec. events $502477

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Contributions: RCB/Roundup auction items $113671

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of sales-inventory and spec. events $502477

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Contributions: RCB/Roundup auction items $113671

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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/PersonNm2Carrie Coulson
IRS990/Form990PartVIISectionAGrp/PersonNm3Aaron Brinkman
IRS990/Form990PartVIISectionAGrp/PersonNm4Ryan Colaianni
IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin E Carroll
IRS990/Form990PartVIISectionAGrp/PersonNm6James Bredfeldt
IRS990/Form990PartVIISectionAGrp/PersonNm7Ellen O Remsing
IRS990/Form990PartVIISectionAGrp/PersonNm8Jay Kerutis
IRS990/Form990PartVIISectionAGrp/PersonNm9Debra Duckworth
IRS990/Form990PartVIISectionAGrp/PersonNm10Scott R Seyfarth
IRS990/Form990PartVIISectionAGrp/PersonNm11Janet Lusk Murfin
IRS990/Form990PartVIISectionAGrp/PersonNm12Portia Kibble Smith
IRS990/Form990PartVIISectionAGrp/PersonNm13Missy Hodge McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm14Richard E Putnam
IRS990/Form990PartVIISectionAGrp/PersonNm15Dave B Roland
IRS990/Form990PartVIISectionAGrp/PersonNm16Cory Lagerstrom
IRS990/Form990PartVIISectionAGrp/PersonNm17Marci K Deuth
IRS990/Form990PartVIISectionAGrp/PersonNm18Gregory E Ek
IRS990/Form990PartVIISectionAGrp/PersonNm19Cindy Penzler
IRS990/Form990PartVIISectionAGrp/PersonNm20Tim Trump
IRS990/Form990PartVIISectionAGrp/PersonNm21Jerry Skillett
IRS990/Form990PartVIISectionAGrp/PersonNm22Jill Miller
IRS990/Form990PartVIISectionAGrp/PersonNm23Al Shank
IRS990/Form990PartVIISectionAGrp/PersonNm24Jennifer J Sanner
IRS990/Form990PartVIISectionAGrp/PersonNm25Dwight S Parman
IRS990/Form990PartVIISectionAGrp/PersonNm26Heath Peterson
IRS990/Form990PartVIISectionAGrp/PersonNm27Angela Riffey Storey
IRS990/Form990PartVIISectionAGrp/PersonNm28Kevin J Corbett
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Secretary/Sr VP
IRS990/Form990PartVIISectionAGrp/TitleTxt25Treasurer/Sr VP
IRS990/Form990PartVIISectionAGrp/TitleTxt26President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP Donor Relations
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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.$64.1$5.19$58.9$8.11$8.48$0.37
2023Detailed filing. Detailed filing data is available for this year.$62.7$4.93$57.8$7.23$6.45$0.78
2022Detailed filing. Detailed filing data is available for this year.$58.9$1.80$57.1$8.93$5.44$3.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.0$1.86$53.2$10.8$4.72$6.08
2020Detailed filing. Detailed filing data is available for this year.$43.4$2.32$41.1$19.8$5.63$14.2
2019Detailed filing. Detailed filing data is available for this year.$29.5$1.95$27.6$7.95$6.40$1.55
2018Detailed filing. Detailed filing data is available for this year.$26.6$1.79$24.8$7.47$6.07$1.40
2017Detailed filing. Detailed filing data is available for this year.$24.1$1.64$22.5$5.89$5.81$0.09
2016Detailed filing. Detailed filing data is available for this year.$22.7$1.53$21.2$5.77$5.59$0.18
2015Detailed filing. Detailed filing data is available for this year.$24.1$2.06$22.0$7.46$6.42$1.03
2014Detailed filing. Detailed filing data is available for this year.$23.2$1.54$21.7$6.03$6.03$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$4.42$16.2$5.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$3.89$15.4$5.81
2011Summary only. Only limited summary data is available for this year.$19.6$3.70$15.9$5.40$5.67$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$3.57$13.8$5.38