Civic Intelligence

Lsu Alumni Association

EIN 72-6027430 • 501(c)3 • Baton Rouge, LA

Profile

The mission is to protect, promote, and foster the welfare of louisiana state university and to create and nurture mutually beneficial relationships between the university and its alumni and friends. The association, using the talents and resources of alumni and friends of the university, supports the university in pursuit of excellence in teaching, research, and public service to future and current alumni.

3838 West Lakeshore DriveBaton Rouge, LA 70808

www.lsualumni.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

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

Liabilities / Revenue

45th percentile

0.24x

Higher debt load relative to revenue than 45% of similar nonprofits.

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

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

50th percentile

$257,916

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

40th percentile

2.9%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

36th percentile

1.6%

Faster revenue growth than 36% of similar nonprofits.

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

Assets

Up

$42,117,569

Up $1,505,625 (+3.7%) from 2023

Liabilities

Down

$792,999

Down $73,466 (-8.5%) from 2023

Net Assets

Up

$41,324,570

Up $1,579,091 (+4.0%) from 2023

Revenue

Up

$6,511,588

Up $2,882,891 (+79%) from 2023

Expenses

Up

$5,778,739

Up $733,843 (+15%) from 2023

Net Income

Up

$732,849

Up $2,149,048 (+152%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $35,201,012Liabilities 2010: $4,534,143Net Assets 2010: $30,666,8692010Assets 2011: $34,626,564Liabilities 2011: $986,197Net Assets 2011: $33,640,3672011Assets 2012: $35,543,203Liabilities 2012: $1,225,938Net Assets 2012: $34,317,2652012Assets 2013: $37,499,852Liabilities 2013: $1,051,458Net Assets 2013: $36,448,3942013Assets 2014: $38,582,898Liabilities 2014: $1,469,860Net Assets 2014: $37,113,0382014Assets 2015: $36,406,150Liabilities 2015: $764,487Net Assets 2015: $35,641,6632015Assets 2016: $37,841,616Liabilities 2016: $1,228,261Net Assets 2016: $36,613,3552016Assets 2017: $39,255,902Liabilities 2017: $740,393Net Assets 2017: $38,515,5092017Assets 2018: $37,761,371Liabilities 2018: $756,371Net Assets 2018: $37,005,0002018Assets 2019: $41,829,807Liabilities 2019: $831,685Net Assets 2019: $40,998,1222019Assets 2020: $42,813,688Liabilities 2020: $726,901Net Assets 2020: $42,086,7872020Assets 2021: $45,403,082Liabilities 2021: $1,111,907Net Assets 2021: $44,291,1752021Assets 2022: $39,474,308Liabilities 2022: $920,460Net Assets 2022: $38,553,8482022Assets 2023: $40,611,944Liabilities 2023: $866,465Net Assets 2023: $39,745,4792023Assets 2024: $42,117,569Liabilities 2024: $792,999Net Assets 2024: $41,324,5702024

Highlighted filing

2024

Assets$42,117,569
Liabilities$792,999
Net Assets$41,324,570

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,878,8782010Expenses 2011: $3,824,7112011Expenses 2012: $4,593,9212012Revenue 2013: $5,088,085Expenses 2013: $4,785,776Net Income 2013: $302,3092013Revenue 2014: $5,486,039Expenses 2014: $5,148,584Net Income 2014: $337,4552014Revenue 2015: $5,242,412Expenses 2015: $4,589,516Net Income 2015: $652,8962015Revenue 2016: $5,343,807Expenses 2016: $5,050,553Net Income 2016: $293,2542016Revenue 2017: $4,538,446Expenses 2017: $5,211,131Net Income 2017: -$672,6852017Revenue 2018: $6,838,500Expenses 2018: $5,511,338Net Income 2018: $1,327,1622018Revenue 2019: $7,004,445Expenses 2019: $5,746,798Net Income 2019: $1,257,6472019Revenue 2020: $3,814,637Expenses 2020: $4,837,709Net Income 2020: -$1,023,0722020Revenue 2021: $6,287,291Expenses 2021: $4,352,827Net Income 2021: $1,934,4642021Revenue 2022: $3,571,829Expenses 2022: $4,924,740Net Income 2022: -$1,352,9112022Revenue 2023: $3,628,697Expenses 2023: $5,044,896Net Income 2023: -$1,416,1992023Revenue 2024: $6,511,588Expenses 2024: $5,778,739Net Income 2024: $732,8492024

Highlighted filing

2024

Revenue$6,511,588
Expenses$5,778,739
Net Income$732,849

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.1$0.79$41.3$6.51$5.78$0.73
2023Detailed filing. Detailed filing data is available for this year.$40.6$0.87$39.7$3.63$5.04$1.42
2022Detailed filing. Detailed filing data is available for this year.$39.5$0.92$38.6$3.57$4.92$1.35
2021Detailed filing. Detailed filing data is available for this year.$45.4$1.11$44.3$6.29$4.35$1.93
2020Detailed filing. Detailed filing data is available for this year.$42.8$0.73$42.1$3.81$4.84$1.02
2019Detailed filing. Detailed filing data is available for this year.$41.8$0.83$41.0$7.00$5.75$1.26
2018Detailed filing. Detailed filing data is available for this year.$37.8$0.76$37.0$6.84$5.51$1.33
2017Detailed filing. Detailed filing data is available for this year.$39.3$0.74$38.5$4.54$5.21$0.67
2016Detailed filing. Detailed filing data is available for this year.$37.8$1.23$36.6$5.34$5.05$0.29
2015Detailed filing. Detailed filing data is available for this year.$36.4$0.76$35.6$5.24$4.59$0.65
2014Detailed filing. Detailed filing data is available for this year.$38.6$1.47$37.1$5.49$5.15$0.34
2013Detailed filing. Detailed filing data is available for this year.$37.5$1.05$36.4$5.09$4.79$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$1.23$34.3$4.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$0.99$33.6$3.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$4.53$30.7$3.88
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$18,079,492
Mission and Program Overview

Mission

The mission is to protect, promote, and foster the welfare of louisiana state university and to create and nurture mutually beneficial relationships between the university and its alumni and friends. The association, using the talents and resources of alumni and friends of the university, supports the university in pursuit of excellence in teaching, research, and public service to future and current alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,306,768$28,243,426▲ $1,936,658
Land, Buildings, and Equipment, Net$8,900,231$8,614,788▼ $285,443
Investments Other Securities$2,369,887$1,613,512▼ $756,375
Cash and Non-Interest-Bearing Accounts$266,590$522,979▲ $256,389
Pledges and Grants Receivable$560,306$402,857▼ $157,449
Accounts Receivable$252,550$138,352▼ $114,198
Prepaid Expenses and Deferred Charges$162,724$106,396▼ $56,328
Intangible Assets$27,593$27,593→ $0
Total Assets$40,611,944$42,117,569▲ $1,505,625
Other Assets Total$1,765,295$2,447,666▲ $682,371
Liabilities
Accounts Payable and Accrued Expenses$810,682$749,707▼ $60,975
Deferred Revenue$29,513$25,882▼ $3,631
Other Liabilities$26,270$17,410▼ $8,860
Total Liabilities$866,465$792,999▼ $73,466
Net Assets / Fund Balance
Net Assets With Donor Restrictions$22,592,471$24,428,601▲ $1,836,130
Net Assets Without Donor Restrictions$17,153,008$16,895,969▼ $257,039
Total Net Assets Fund Balance$39,745,479$41,324,570▲ $1,579,091
Total Liabilities and Net Assets / Fund Balance$40,611,944$42,117,569▲ $1,505,625

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,427,394$13,095,913$1,185,895
Equipment$334,747$539,906$874,653
Other Land Buildings$0$28,176$28,176
Leasehold Improvements$852,647$586,805-
Other Assets Org$2,437,348--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$26,731,972$1,234,693▲ $2,202,583$1,253,831$27,926,304
2023$24,277,051$1,116,705▲ $2,868,729$438,728$26,731,972
2022$29,368,539$1,052,843▼ $4,598,307$518,967$24,277,051
2021$27,516,503$1,055,244▲ $2,514,358$745,960$29,368,539
2020$25,486,018$780,402▲ $3,142,676$915,304$27,516,503
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph CarvalhidoPresidentFT$199,169$63,487$262,656
Amy ParrinoSenior Vice PresidentFT$142,080$15,132$157,212
Shannon McconnellCFOFT$129,189$6,438$135,627
Landon Jordan 11-731TreasurerFT$84,584$12,339$96,923

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,430,349
Program Service Revenue
$1,749,934
Investment Income
$1,519,043
Other Revenue
$812,262
All Other Contributions
$2,321,538
Change in Net Assets
$732,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,368,015
Revenue Not Reported on Financial Statements
$143,573
Revenue Not Reported on Form 990
$1,138,846
Total Revenue per Audited Statements
$7,506,861
Total Revenue per Form 990
$6,511,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,886,420
Salaries, Compensation, and Employee Benefits$1,891,527
Total Fundraising Expense$1,593,448
Grants and Similar Amounts Paid$1,000,792
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$989,113--$989,113
Other Salaries and Wages$557,220$232,175$139,305$928,700
Office Expenses$15,313$856,087$54,765$926,165
Current Officers, Directors, Trustees, and Key Employees$391,450$163,105$97,863$652,418
Travel--$474,925$474,925
Payroll Taxes$120,871$50,363$30,218$201,452
Insurance$128,630$22,699-$151,329
Fees for Service Investment Mgmnt Fees$122,037$21,536-$143,573
Depreciation Depletion$119,710$21,125-$140,835
Advertising--$79,937$79,937
Fees for Services Accounting$55,122$9,728-$64,850
Pension Plan Contributions$37,335$15,557$9,334$62,226
Other Employee Benefits$28,038$11,683$7,010$46,731
Grants to Domestic Orgs$11,679--$11,679
Occupancy-$9,889-$9,889
Other Expenses$7,817$1,380$700,091$9,197
Interest$1,088--$1,088
Total Functional Expenses$2,769,964$1,415,327$1,593,448$5,778,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,927,158
Total Expenses per Form 990$5,778,739
Expenses per Audited Statements$5,635,166
Expenses Not Reported on Form 990$291,992
Expenses Not Reported on Financial Statements$143,573
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$73,094
Fundraising Gross Income$46,049
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Giving Day$90,010---
Hall of Distinction$22,300$22,300$38,255$-15,955
Total Events$154,860$46,049$73,094$-27,045
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liability$17,410
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 A, Line 6

The organization is legally formed as a nonstock corporation with a with a single voting class of membership open to louisiana state university alumni. The organization also maintains several classes of nonvoting members.

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

The membership body votes to elect board members and officers at an annual membership meeting.

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

The 990 review committee receives and reviews a copy of form 990 prior to its distribution to the voting members of the board. Filing of form 990 is approved by the 990 review committee and board prior to its submission to the internal revenue service.

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

All officers and directors sign an annual conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The compensation committee reviews and adjusts salaries annually. In doing so, the committee considers organizational and individual goals, national average pay increases, individual work ethic, overall participation, length of service, and other factors.

Form 990, Part VI, Section C, Line 19

Notice of availability of governing documents, conflict of interest policy, form 990, form 990-t, and annual financial statements are available upon request. A request for copy of a document may be made to the association business office via email, phone, or mail.

Filing and Contact Details

Filer

Filer Name
Lsu Alumni Association
EIN
72-6027430
Phone
2255783827
Address
3838 WEST LAKESHORE DRIVE, BATON ROUGE, LA 70808

Signing Officer

Name
Shannon Mcconnell
Title
CFO
Phone
2255783827
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Mcconnell
Formed
1959
Legal Domicile
La
Voting Board Members
20
Independent Board Members
20
Employees
73
Volunteers
0

Preparer

Firm
Faulk & Winkler LLC
Address
6811 JEFFERSON HIGHWAY, BATON ROUGE, LA 70806
Preparer
Jeremy Klibert
Phone
2259276811
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

The association does not capitalize its collection at the andonie museum, which is located on the lsu campus. The collection consists of historical objects related to lsu sports history which have been estimated to have a market value of approximately $630,000 at the date of acquisition. There were no significant changes to the collection during 2024.

PART III, LINE 4:

The andonie museum serves to tell the story of lsu athletics and renew and strenghten the bond of museum vistors with the university.

PART X, LINE 2:

The association follows the provisions of the fasb asc 740-10, accounting for uncertainty in income taxes. The association's open audit periods are 2019 through 2022.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of rental income 566,055. Cost of fundraising event 91,895. Bad debt 83,193. Other 720. Internal revenue -449,259.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of rental income 566,055. Cost of fundraising event 91,895. Bad debt 83,193. Other 108. Internal expense -449,259.

Raw XML AppendixShowing 400 of 779 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/OtherCompensationAmt36438
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH CARVALHIDO
IRS990/Form990PartVIISectionAGrp/PersonNm1LANDON JORDAN 11-731
IRS990/Form990PartVIISectionAGrp/PersonNm2AMY PARRINO
IRS990/Form990PartVIISectionAGrp/PersonNm3SHANNON MCCONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm4DR MARIO GARNER
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHY FIVES
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK KENT ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID BRADDOCK
IRS990/Form990PartVIISectionAGrp/PersonNm8BART SCHMOLKE
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFFREY MOHR
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT JENKINS
IRS990/Form990PartVIISectionAGrp/PersonNm11JADY REGARD
IRS990/Form990PartVIISectionAGrp/PersonNm12COREY FOSTER MD
IRS990/Form990PartVIISectionAGrp/PersonNm13JIMMY GOSSLEE
IRS990/Form990PartVIISectionAGrp/PersonNm14J OFORI AGBOKA
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL BETHEA
IRS990/Form990PartVIISectionAGrp/PersonNm16ERIN MONROE
IRS990/Form990PartVIISectionAGrp/PersonNm17LOUIS MINSKY MD
IRS990/Form990PartVIISectionAGrp/PersonNm18ARCHER FRIERSON
IRS990/Form990PartVIISectionAGrp/PersonNm19LEO HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm20LAUREN HUGHES
IRS990/Form990PartVIISectionAGrp/PersonNm21RORI SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm22MICHAEL WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm23PAUL BUFFONE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/Form990TFiledInd01
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IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MISSION IS TO PROTECT, PROMOTE, AND FOSTER THE WELFARE OF LOUISIANA STATE UNIVERSITY AND TO CREATE AND NURTURE MUTUALLY BENEFICIAL RELATIONSHIPS BETWEEN THE UNIVERSITY AND ITS ALUMNI AND FRIENDS. THE ASSOCIATION, USING THE TALENTS AND RESOURCES OF ALUMNI AND FRIENDS OF THE UNIVERSITY, SUPPORTS THE UNIVERSITY IN PURSUIT OF EXCELLENCE IN TEACHING, RESEARCH, AND PUBLIC SERVICE TO FUTURE AND CURRENT ALUMNI.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0106396
IRS990/PrincipalOfficerNm0SHANNON MCCONNELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CAMPUS & ALUMNI EVENTS
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ASSOCIATION ESTABLISHED ENDOWMENTS TO PERMANENTLY FUND SCHOLARSHIPS AND PROFESSORSHIPS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01038103
IRS990/PYInvestmentIncomeAmt0366209
IRS990/PYOtherExpensesAmt01957950

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