Civic Intelligence

Southern Arkansas University Alumni Association Inc.

990 • Fiscal year 2021 • EIN 62-1682145

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 07, 2021

100 E University Msc 9416Magnolia, AR 71753

(870) 235-5008

Siviq Scores

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

Liabilities / Assets

96th percentile

1.11x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

1363.74x

Higher debt load relative to revenue than 100% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

1st percentile

-1416%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

13th percentile

-3.7%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$21,426,438

Down $831,103 (-3.7%) from 2020

Net Assets

Down

-$2,392,674

Down $247,318 (-12%) from 2020

Liabilities

Down

$23,819,112

Down $583,785 (-2.4%) from 2020

Revenue

Down

$17,466

Down $308,357 (-95%) from 2020

Expenses

Down

$264,780

Down $68,109 (-20%) from 2020

Net Income

Down

-$247,314

Down $240,248 (-3400%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2016: $31,673,378Liabilities 2016: $32,268,320Net Assets 2016: -$594,9422016Assets 2018: $14,401,479Liabilities 2018: $16,161,967Net Assets 2018: -$1,760,4882018Assets 2019: $22,843,908Liabilities 2019: $24,922,346Net Assets 2019: -$2,078,4382019Assets 2020: $22,257,541Liabilities 2020: $24,402,897Net Assets 2020: -$2,145,3562020Assets 2021: $21,426,438Liabilities 2021: $23,819,112Net Assets 2021: -$2,392,6742021Assets 2022: $20,587,087Liabilities 2022: $23,282,682Net Assets 2022: -$2,695,5952022Assets 2023: $19,727,021Liabilities 2023: $22,731,002Net Assets 2023: -$3,003,9812023Assets 2024: $18,823,452Liabilities 2024: $22,164,135Net Assets 2024: -$3,340,6832024Assets 2025: $18,045,312Liabilities 2025: $21,582,305Net Assets 2025: -$3,536,9932025

Highlighted filing

2021

Assets$21,426,438
Liabilities$23,819,112
Net Assets-$2,392,674

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2016: $43,268Expenses 2016: $654,030Net Income 2016: -$610,7622016Revenue 2018: $202,121Expenses 2018: $1,008,205Net Income 2018: -$806,0842018Revenue 2019: -$25,087Expenses 2019: $292,863Net Income 2019: -$317,9502019Revenue 2020: $325,823Expenses 2020: $332,889Net Income 2020: -$7,0662020Revenue 2021: $17,466Expenses 2021: $264,780Net Income 2021: -$247,3142021Revenue 2022: -$23,607Expenses 2022: $279,314Net Income 2022: -$302,9212022Revenue 2023: -$104,023Expenses 2023: $204,363Net Income 2023: -$308,3862023Revenue 2024: -$67,985Expenses 2024: $268,716Net Income 2024: -$336,7012024Revenue 2025: $427,123Expenses 2025: $297,141Net Income 2025: $129,9822025

Highlighted filing

2021

Revenue$17,466
Expenses$264,780
Net Income-$247,314
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 7, 2021
Return Version
2020v4.0
Gross Receipts
$1,994,620
Mission and Program Overview

Mission

To strengthen the connection of our alumni, former students, and friends through fostering meaningful engagement opportunities, providing increased awareness and support of southern arkansas university, and increasing member participation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,120,070$19,382,489▼ $737,581
Savings and Temporary Cash Investments$1,049,141$1,089,272▲ $40,131
Cash and Non-Interest-Bearing Accounts$758,794$636,704▼ $122,090
Total Assets$22,257,541$21,426,438▼ $831,103
Other Assets Total$329,536$317,973▼ $11,563
Liabilities
Unsecured Notes Loans Payable$24,125,000$23,605,000▼ $520,000
Deferred Revenue$142,887$137,495▼ $5,392
Accounts Payable and Accrued Expenses$135,010$76,617▼ $58,393
Total Liabilities$24,402,897$23,819,112▼ $583,785
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,049,141$1,087,783▲ $38,642
Net Assets Without Donor Restrictions$-3,194,497$-3,480,457▼ $285,960
Total Net Assets Fund Balance$-2,145,356$-2,392,674▼ $247,318
Total Liabilities and Net Assets / Fund Balance$22,257,541$21,426,438▼ $831,103

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,382,489$2,744,930-
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$549,991
Program Service Revenue
$0
Investment Income
$15,586
Other Revenue
$-548,111
Change in Net Assets
$-247,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,466
Total Revenue per Audited Statements
$17,466
Total Revenue per Form 990
$17,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$252,787
Other Expenses$11,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,926$67,680-$129,606
Current Officers, Directors, Trustees, and Key Employees-$75,577-$75,577
Other Employee Benefits-$47,604-$47,604
Fees for Services Accounting-$11,875-$11,875
Interest-$118-$118
Total Functional Expenses$61,926$202,854$0$264,780

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$264,780
Total Expenses per Audited Statements$264,780
Total Expenses per Form 990$264,780
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
No
Annual disclosure for covered persons
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

ORGANIZED WITH MEMBERS.

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

Members elect the governing body.

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

After completion,the form is presented to the association president and directors for questions, comments, and approval.

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

Where a director may be related in any significant way, including both financial and personal relationships, with an individual, business, corporation, or institution in which the sauaa is or may be considering doing business with, any such relationship must be fully disclosed by the director at a board meeting. The board must review any facts disclosed and decide if the proposed action or involvement with the director is in the best interest of the association, after considering available alternatives. The director involved shall be entitled to a full hearing to explain his/her involvement and any reasons why the proposal or engagement is in the best interest of sauaa. Approval of any such proposal shall require board approval by majority vote, including proxies, with the interested director abstaining from any vote.

Form 990, Page 6, Part VI, Line 19

The association has not made its governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
Southern Arkansas University Alumni
EIN
62-1682145
Phone
8702355008
Address
100 E UNIVERSITY MSC 9416, MAGNOLIA, AR 71753

Signing Officer

Name
Megan Mccurdy
Title
Executive Director
Phone
8702354015
Signed
2021-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawana Reed
Formed
1994
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Wood and Wood Ltd
Address
519 N WASHINGTON ST, MAGNOLIA, AR 71753
Preparer
Walter D Wood
Phone
8702344343
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To strengthen the connection of our alumni, former students, and friends through fostering meaningful engagement opportunities, providing increased awareness and support of southern arkansas university, and increasing member participation.

Form 990, Part XI, Line 9

ROUNDING -4

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Expense relative to rental of residence halls including 0 depreciation reduced income of rental property 0

Schedule D, Page 4, Part XII, Line 2D

Expense relative to rental of residence halls including 0 depreciation reduced income of rental property 0

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IRS990/ProgSrvcAccomActy2Grp/Desc0TO OPERATE AND MAINTAIN RESIDENTIAL HALLS AND TO ASSIST MONETARILY IN THE REPAIR AND/OR RENOVATION OF CERTAIN PROPERTIES OWNED BY SOUTHERN ARKANSAS UNIVERSITY TO BE USED BY THE ALUMNI ASSOCIATION IN THEIR PROMOTION OF SOUTHERN ARKANSAS UNIVERSITY.
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IRS990/PYOtherExpensesAmt025353
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IRS990/PYRevenuesLessExpensesAmt0-7066
IRS990/PYSalariesCompEmpBnftPaidAmt0307536
IRS990/PYTotalExpensesAmt0332889
IRS990/PYTotalRevenueAmt0325823
IRS990/ReconcilationRevenueExpnssAmt0-247314
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01089272
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 1,242
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt015335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt031975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0602846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015586
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016241
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011621
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08942
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt052390
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03235197
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05392
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01072
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0170
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06634
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IRS990ScheduleA/PublicSupportPY170Pct00.66840
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt015335
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt031975
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0602846
IRS990ScheduleA/TotalSupportAmt0661870
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IRS990ScheduleD/BuildingsGrp/BookValueAmt019382489
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02744930
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt022127419
IRS990ScheduleD/ExpensesSubtotalAmt0264780
IRS990ScheduleD/RevenueSubtotalAmt017466
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPENSE RELATIVE TO RENTAL OF RESIDENCE HALLS INCLUDING 0 DEPRECIATION REDUCED INCOME OF RENTAL PROPERTY 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPENSE RELATIVE TO RENTAL OF RESIDENCE HALLS INCLUDING 0 DEPRECIATION REDUCED INCOME OF RENTAL PROPERTY 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0264780
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO STRENGTHEN THE CONNECTION OF OUR ALUMNI, FORMER STUDENTS, AND FRIENDS THROUGH FOSTERING MEANINGFUL ENGAGEMENT OPPORTUNITIES, PROVIDING INCREASED AWARENESS AND SUPPORT OF SOUTHERN ARKANSAS UNIVERSITY, AND INCREASING MEMBER PARTICIPATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AFTER COMPLETION,THE FORM IS PRESENTED TO THE ASSOCIATION PRESIDENT AND DIRECTORS FOR QUESTIONS, COMMENTS, AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WHERE A DIRECTOR MAY BE RELATED IN ANY SIGNIFICANT WAY, INCLUDING BOTH FINANCIAL AND PERSONAL RELATIONSHIPS, WITH AN INDIVIDUAL, BUSINESS, CORPORATION, OR INSTITUTION IN WHICH THE SAUAA IS OR MAY BE CONSIDERING DOING BUSINESS WITH, ANY SUCH RELATIONSHIP MUST BE FULLY DISCLOSED BY THE DIRECTOR AT A BOARD MEETING. THE BOARD MUST REVIEW ANY FACTS DISCLOSED AND DECIDE IF THE PROPOSED ACTION OR INVOLVEMENT WITH THE DIRECTOR IS IN THE BEST INTEREST OF THE ASSOCIATION, AFTER CONSIDERING AVAILABLE ALTERNATIVES. THE DIRECTOR INVOLVED SHALL BE ENTITLED TO A FULL HEARING TO EXPLAIN HIS/HER INVOLVEMENT AND ANY REASONS WHY THE PROPOSAL OR ENGAGEMENT IS IN THE BEST INTEREST OF SAUAA. APPROVAL OF ANY SUCH PROPOSAL SHALL REQUIRE BOARD APPROVAL BY MAJORITY VOTE, INCLUDING PROXIES, WITH THE INTERESTED DIRECTOR ABSTAINING FROM ANY VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION HAS NOT MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING -4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt021426438
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0202854
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt061926
IRS990/TotalFunctionalExpensesGrp/TotalAmt0264780
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024402897
IRS990/TotalLiabilitiesEOYAmt023819112
IRS990/TotalLiabilitiesGrp/BOYAmt024402897
IRS990/TotalLiabilitiesGrp/EOYAmt023819112
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2145356
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2392674
IRS990/TotalProgramServiceExpensesAmt061926
IRS990/TotalRevenueGrp/ExclusionAmt020978
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-553503
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017466
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022257541
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021426438
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt024125000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt023605000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 E UNIVERSITY MSC 9403
IRS990/USAddress/CityNm0MAGNOLIA
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd071753
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0SAUALUMNI.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MEGAN MCCURDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08702354015
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN ARKANSAS UNIVERSITY ALUMNI
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0621682145
ReturnHeader/Filer/PhoneNum08702355008
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 E UNIVERSITY MSC 9416
ReturnHeader/Filer/USAddress/CityNm0MAGNOLIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd071753
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710538593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOOD AND WOOD LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0519 N WASHINGTON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAGNOLIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071753
ReturnHeader/PreparerPersonGrp/PhoneNum08702344343
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-09

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