Civic Intelligence

University of Virginia Alumni

EIN 54-0485595 • 501(c)3 • Charlottesville, VA

Profile

The mission of the alumni association is to build the strongest bond among alumni and between alumni and the university by serving all alumni and students; being the center for engaging and connecting the global uva community; acting as a conduit to keep alumni informed and providing vehicles to share their voices; and being an invaluable partner to the university.

PO Box 400314Charlottesville, VA 22904

www.alumni.virginia.edu

Siviq Scores

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

Liabilities / Assets

64th percentile

0.45x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

12.52x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

1st percentile

-322%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

27th percentile

$497,868

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

63rd percentile

8.9%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2025

Revenue Growth

4th percentile

-34%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2025

Assets

$673,580,601

No earlier filing loaded for comparison.

Liabilities

$303,128,740

No earlier filing loaded for comparison.

Net Assets

$370,451,861

No earlier filing loaded for comparison.

Revenue

$24,213,385

No earlier filing loaded for comparison.

Expenses

$102,113,000

No earlier filing loaded for comparison.

Net Income

-$77,899,615

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$800M$600M$400M$200M$0Assets 2010: $191,963,073Liabilities 2010: $75,598,676Net Assets 2010: $116,364,3972010Assets 2011: $233,472,024Liabilities 2011: $88,430,157Net Assets 2011: $145,041,8672011Assets 2012: $248,118,972Liabilities 2012: $85,785,748Net Assets 2012: $162,333,2242012Assets 2013: $269,148,717Liabilities 2013: $92,993,755Net Assets 2013: $176,154,9622013Assets 2014: $306,019,558Liabilities 2014: $99,865,420Net Assets 2014: $206,154,1382014Assets 2015: $323,368,854Liabilities 2015: $100,300,892Net Assets 2015: $223,067,9622015Assets 2016: $317,075,364Liabilities 2016: $96,103,901Net Assets 2016: $220,971,4632016Assets 2017: $346,772,023Liabilities 2017: $107,569,983Net Assets 2017: $239,202,0402017Assets 2018: $379,201,329Liabilities 2018: $120,419,196Net Assets 2018: $258,782,1332018Assets 2019: $389,422,193Liabilities 2019: $121,684,649Net Assets 2019: $267,737,5442019Assets 2020: $410,349,748Liabilities 2020: $125,036,443Net Assets 2020: $285,313,3052020Assets 2021: $582,039,961Liabilities 2021: $161,380,411Net Assets 2021: $420,659,5502021Assets 2022: $556,619,387Liabilities 2022: $162,414,748Net Assets 2022: $394,204,6392022Assets 2023: $567,603,324Liabilities 2023: $172,265,586Net Assets 2023: $395,337,7382023Assets 2025: $673,580,601Liabilities 2025: $303,128,740Net Assets 2025: $370,451,8612025

Highlighted filing

2025

Assets$673,580,601
Liabilities$303,128,740
Net Assets$370,451,861

Operations Trend

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

$150M$100M$50M$0-$50M-$100MExpenses 2010: $39,298,4182010Expenses 2011: $41,809,0182011Expenses 2012: $40,571,6532012Revenue 2013: $41,486,554Expenses 2013: $51,950,419Net Income 2013: -$10,463,8652013Revenue 2014: $48,711,082Expenses 2014: $58,532,930Net Income 2014: -$9,821,8482014Revenue 2015: $49,260,312Expenses 2015: $49,113,293Net Income 2015: $147,0192015Revenue 2016: $51,051,730Expenses 2016: $48,976,529Net Income 2016: $2,075,2012016Revenue 2017: $54,301,723Expenses 2017: $67,343,625Net Income 2017: -$13,041,9022017Revenue 2018: $50,113,035Expenses 2018: $62,081,497Net Income 2018: -$11,968,4622018Revenue 2019: $45,636,990Expenses 2019: $54,403,860Net Income 2019: -$8,766,8702019Revenue 2020: $53,337,163Expenses 2020: $52,349,019Net Income 2020: $988,1442020Revenue 2021: $56,379,983Expenses 2021: $86,859,970Net Income 2021: -$30,479,9872021Revenue 2022: $55,406,167Expenses 2022: $55,019,773Net Income 2022: $386,3942022Revenue 2023: $55,779,603Expenses 2023: $63,963,349Net Income 2023: -$8,183,7462023Revenue 2025: $24,213,385Expenses 2025: $102,113,000Net Income 2025: -$77,899,6152025

Highlighted filing

2025

Revenue$24,213,385
Expenses$102,113,000
Net Income-$77,899,615

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$674$303$370$24.2$102$77.9
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Detailed filing. Detailed filing data is available for this year.$568$172$395$55.8$64.0$8.18
2022Detailed filing. Detailed filing data is available for this year.$557$162$394$55.4$55.0$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$582$161$421$56.4$86.9$30.5
2020Detailed filing. Detailed filing data is available for this year.$410$125$285$53.3$52.3$0.99
2019Detailed filing. Detailed filing data is available for this year.$389$122$268$45.6$54.4$8.77
2018Detailed filing. Detailed filing data is available for this year.$379$120$259$50.1$62.1$12.0
2017Detailed filing. Detailed filing data is available for this year.$347$108$239$54.3$67.3$13.0
2016Detailed filing. Detailed filing data is available for this year.$317$96.1$221$51.1$49.0$2.08
2015Detailed filing. Detailed filing data is available for this year.$323$100$223$49.3$49.1$0.15
2014Detailed filing. Detailed filing data is available for this year.$306$99.9$206$48.7$58.5$9.82
2013Summary only. Only limited summary data is available for this year.$269$93.0$176$41.5$52.0$10.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$248$85.8$162$40.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$233$88.4$145$41.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$192$75.6$116$39.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 13, 2026
Return Version
2024v5.5
Gross Receipts
$24,865,774
Mission and Program Overview

Mission

The mission of the alumni association is to build the strongest bond among alumni and between alumni and the university by serving all alumni and students; being the center for engaging and connecting the global uva community; acting as a conduit to keep alumni informed and providing vehicles to share their voices; and being an invaluable partner to the university.

To build the strongest bond among alumni and between alumni and the university of virginia while representing the independent voice and perspective of alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$419,470,279$451,386,715▲ $31,916,436
Investments in Publicly Traded Securities$144,995,869$161,192,272▲ $16,196,403
Savings and Temporary Cash Investments$27,619,883$41,859,956▲ $14,240,073
Land, Buildings, and Equipment, Net$6,394,653$9,444,878▲ $3,050,225
Pledges and Grants Receivable$3,206,907$4,166,025▲ $959,118
Prepaid Expenses and Deferred Charges$264,339$316,786▲ $52,447
Total Assets$606,917,834$673,580,601▲ $66,662,767
Other Assets Total$4,965,904$5,213,969▲ $248,065
Liabilities
Other Liabilities$195,087,893$301,923,808▲ $106,835,915
Accounts Payable and Accrued Expenses$1,194,224$1,204,932▲ $10,708
Total Liabilities$196,282,117$303,128,740▲ $106,846,623
Net Assets / Fund Balance
Net Assets With Donor Restrictions$303,819,519$252,932,993▼ $50,886,526
Net Assets Without Donor Restrictions$106,816,198$117,518,868▲ $10,702,670
Total Net Assets Fund Balance$410,635,717$370,451,861▼ $40,183,856
Total Liabilities and Net Assets / Fund Balance$606,917,834$673,580,601▲ $66,662,767

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,580,676$6,478,505$8,059,181
Other Land Buildings$6,964,437$125,890$7,090,327
Equipment$787,377$1,936,500$2,723,877
Land$112,388-$112,388
Other Securities$-6,709,972--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$410,635,717$15,172,365▲ $38,477,570$86,347,868$370,451,861
2023$395,337,737$20,053,548▲ $26,943,422$24,147,050$410,635,717
2022$394,204,638$47,418,637▲ $9,877,863$49,496,462$395,337,737
2021$420,659,550$48,073,965▼ $26,283,102$41,563,320$394,204,638
2020$285,313,304$50,388,434▲ $164,240,258$73,862,408$420,659,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lily E WestPresident and CEOFT$311,347$186,521$497,868
Brent J PercivalEd Jefferson TrustFT$168,475$38,276$206,751
Elizabeth K TurrisiChief Technology OfficerFT$160,738$45,026$205,764
Garrette L AshleyTreasurer & CFOFT$160,680$42,625$203,305
Amanda MoxhamChief Hr OfficerFT$143,500$43,879$187,379
Judy LeEditor in ChiefFT$136,061$45,576$181,637
Jessica Sumpter HamiltonChief Program OfficerFT$140,469$39,493$179,962
Alexander B NewellDirector, Enterprise ItFT$138,987$39,837$178,824
Leah L DoleChief Creative OfficerFT$143,500$30,305$173,805
Susan M GallegosSenior Director, Development OperationsFT$142,607$22,448$165,055
Susan M GallegosSenior Director, Development Operati-$136,689$28,366$165,055
Patricia a DavesManaging Director, Membership and Business DevelopFT$132,417$25,470$157,887
Patricia a DavesManaging Director, Membership and Bu-$126,976$30,911$157,887
Terry LockardSecretary & Chief of StaffFT$107,713$29,985$137,698

Highest Paid Contractors

ContractorServicesLocationCompensation
Centerbrook Architects And Planners LLPArchitecture FeesPO BOX 955, Centerbrook, CT 06409$3,145,098
University Of Virginia Investment Mgmt CInvestment Mgmt Fees701 E WATER STREET 4TH FLOOR, Charlottesville, VA 22902$712,905
Hahn Gustafson Catering INCCatering Services3352 BERKMAR DRIVE, Charlottesville, VA 22901$617,038
The Freeport Press INCPrinting Publisher2127 REISER AVE SE, New Philadelphia, OH 44663$475,830
Aramark ServicemasterRepairs/maintenance1101 MARKET ST, Philadelphia, PA 19107$435,391
Revenue and Support

Revenue Composition

Contributions and Grants
$15,427,735
Program Service Revenue
$7,027,669
Investment Income
$1,555,098
Other Revenue
$202,883
All Other Contributions
$15,172,365
Change in Net Assets
$-77,899,615

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
Securities Publicly Traded94$652,389Fair Market Value
Other Non Cash Contri Table6$3,910Fair Market Value
Total Noncash Contributions100$656,299-

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,441,753
Revenue Not Reported on Financial Statements
$771,632
Revenue Not Reported on Form 990
$37,715,759
Total Revenue per Audited Statements
$61,157,512
Total Revenue per Form 990
$24,213,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$88,534,760
Salaries, Compensation, and Employee Benefits$7,478,041
Other Expenses$6,100,199
Total Fundraising Expense$1,302,609
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$84,239,946--$84,239,946
Grants to Domestic Individuals$4,294,814--$4,294,814
Other Salaries and Wages$3,133,740$611,587$398,170$4,143,497
Current Officers, Directors, Trustees, and Key Employees$1,166,810$497,502$382,747$2,047,059
Fees for Service Investment Mgmnt Fees-$771,632-$771,632
Other Employee Benefits$395,705$55,682$34,777$486,164
Payroll Taxes$304,028$66,869$53,472$424,369
Fees for Services Management$67,959$294,477$26,952$389,388
Pension Plan Contributions$311,510$29,212$36,230$376,952
Information Technology$296,373$38,396$37,142$371,911
Office Expenses$216,613$3,896$131,034$351,543
Depreciation Depletion$99,997$146,377$40,133$286,507
Insurance$111,353$82,525$20,441$214,319
Occupancy$68,323$116,928$26,979$212,230
Advertising$116,034-$18,518$134,552
Fees for Services Accounting-$77,750-$77,750
Travel$55,935$2,189$16,197$74,321
Fees for Services Legal$24,507$26,257$17,149$67,913
Fees for Services Other$24,434$27,115-$51,549
Other Expenses$37,694$499$4,643$42,337
Total Functional Expenses$97,961,498$2,848,893$1,302,609$102,113,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$102,113,000
Expenses per Audited Statements$101,341,368
Total Expenses per Audited Statements$101,341,368
Expenses Not Reported on Financial Statements$771,632
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of VirginiaCharlottesville, VA501(c)(3)Student, Faculty & Program Support$84,239,946

International Summary

Offices
0
Employees
0
Spending
$59,870

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
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesStudent Research & Aid00$35,174
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesStudent Research & Aid00$14,434
North America - Canada and Mexico, But Not the United StatesProgram ServicesStudent Research & Aid00$8,772
South AsiaProgram ServicesStudent Research & Aid00$1,370
Central America and the CaribbeanProgram ServicesStudent Research & Aid00$120
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
Due to Uva and Related Organizations$295,957,293
Other Liabilities$4,270,005
Annuity and Life Income Obligations$1,696,510
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
No
Compensation from other sources disclosed
No
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, Section B, Line 11B

The 990 is reviewed by management and the association's independent accounting firm hantzmon wiebel, llp. Further review is provided by the audit committee at a meeting called specifically for this purpose. Prior to submission the form is provided to the full board of managers for review.

Form 990, Part VI, Section B, Line 12C

Each member of the board of managers files with the secretary a conflict of interest disclosure statement. This statement is renewed on an annual basis at the beginning of each fiscal year. A conflict or potential conflict of interest is considered to exist if the member or a member's dependent has any relationship, interest, or situation which might indicate a duality of loyalty or interest. If a conflict exists, the member is asked to identify the specific conflict. Any member of the board having a conflict of interest in connection with any matter before the board shall so indicate at the time and shall be expected to excuse himself/herself/themself during that portion of the meeting. The minutes of the meeting shall reflect any such disclosure and abstention from voting.

Form 990, Part VI, Section B, Line 15

The executive compensation program at the alumni association of the university of virginia (the association) is designed to align the interests of executive officers with their performance. This program is based on a philosophy that the total compensation package must be competitive with similar positions in the industry in order to attract and retain executive talent. The compensation committee (committee) of the association's board of managers is responsible for oversight and administration of the executive compensation program. The committee retains a professional consultant to provide an intermediate sanctions review of the president and five highest paid positions and a market value analysis of all other major job descriptions on a triennial basis. Salary and other benefits are benchmarked against the compensation paid to officers and upper management in comparable, high performing companies with similar responsibilities. This professional review was last performed in fiscal year 2021-2022. The compensation committee documents the deliberation and all decisions made.

Form 990, Part VI, Section C, Line 19

The association does not make its governing documents or conflict of interest policy available to the public. The association does make its financial statements, irs form 990, and irs form 990-t available to the public on its own website.

Filing and Contact Details

Filer

Filer Name
University of Virginia Alumni
EIN
54-0485595
Phone
4342439000
Address
PO BOX 400314, CHARLOTTESVILLE, VA 22904

Signing Officer

Name
Garrette L Ashley
Title
Treasurer & CFO
Phone
4342439000
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garrette L Ashley
Formed
1838
Legal Domicile
Va
Voting Board Members
43
Independent Board Members
43
Employees
104
Volunteers
2,650

Preparer

Firm
Hantzmon Wiebel Llp
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Monte J Glanzer
Phone
4342962156
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of beneficial trust interest 161,799. Change in value of trusts and annuities -140,144.

Financial Statement Notes

PART X, LINE 2:

The association is exempt from federal income taxes as defined by section 501(c) (3) of the internal revenue code (the code) and classified as a public charity under 509 (a) (1) of the code. The association is required to recognize the effect of a tax postion taken or expected to be taken on a tax return based on a 'more likely than not ' of being sustained by a taxing authority threshold. The association does not believe it has any uncertain tax positions required to be recognized in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of beneficial trust interest 161,799. Change in value of trusts and annuities -140,144.

Part V, Line 4

The association's endowment consists of over 2,000 individual funds established for a variety of purposes in furtherance of association's mission, including donor-restricted funds, endowments, and funds designated by the board to function as endowments. The funds support specific programs, scholarships, student activities, and university-related organizations.

Raw XML AppendixShowing 400 of 1,243 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/Desc0THE ASSOCIATION, THROUGH ITS UVA FUND PROGRAM, SERVES THE UVA COMMUNITY BY OFFERING FINANCIAL AND ENDOWMENT MANAGEMENT SERVICES. WITH MORE THAN 2,000 ACCOUNTS, THE UVA FUND PROVIDES EFFICIENT AND COST-EFFECTIVE SUPPORT FOR OVER 700 STUDENT ORGANIZATIONS, ALUMNI CLUBS, ASSOCIATED ORGANIZATIONS, AND HUNDREDS OF ENDOWMENTS AND RESTRICTED ACCOUNTS FOR ORGANIZATIONS AND UNITS ACROSS UVA. THE ASSOCIATION ALSO MANAGES AND ADMINISTERS NUMEROUS STUDENT SCHOLARSHIPS, AND, THROUGH ITS JEFFERSON TRUST PROGRAM, PROVIDES ANNUAL GRANTS TO PROJECTS THAT ENHANCE THE UNIVERSITY AS A PREEMINENT GLOBAL INSTITUTION OF HIGHER LEARNING.
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