Civic Intelligence

Texas Tech Alumni Association

990 • Fiscal year 2013 • EIN 75-6036607

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 30, 2014

PO Box 4500179409

(806) 742-3641

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.05x

Higher debt load relative to assets than 23% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

37th percentile

0.14x

Higher debt load relative to revenue than 37% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

18th percentile

-7.5%

Higher net margin than 18% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

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.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

26th percentile

-1.7%

Faster asset growth than 26% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$11,778,369

Down $207,439 (-1.7%) from 2012

Net Assets

Down

$11,247,593

Down $275,331 (-2.4%) from 2012

Liabilities

Up

$530,776

Up $67,892 (+15%) from 2012

Revenue

$3,664,591

No earlier filing loaded for comparison.

Expenses

Up

$3,939,922

Up $724,281 (+23%) from 2012

Net Income

-$275,331

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $13,757,565Liabilities 2010: $3,021,538Net Assets 2010: $10,736,0272010Assets 2011: $11,980,095Liabilities 2011: $332,302Net Assets 2011: $11,647,7932011Assets 2012: $11,985,808Liabilities 2012: $462,884Net Assets 2012: $11,522,9242012Assets 2013: $11,778,369Liabilities 2013: $530,776Net Assets 2013: $11,247,5932013Assets 2014: $11,507,760Liabilities 2014: $733,380Net Assets 2014: $10,774,3802014Assets 2015: $10,932,477Liabilities 2015: $770,933Net Assets 2015: $10,161,5442015Assets 2016: $10,066,548Liabilities 2016: $562,853Net Assets 2016: $9,503,6952016Assets 2017: $10,485,461Liabilities 2017: $1,305,714Net Assets 2017: $9,179,7472017Assets 2018: $11,678,522Liabilities 2018: $737,456Net Assets 2018: $10,941,0662018Assets 2019: $15,345,594Liabilities 2019: $3,824,189Net Assets 2019: $11,521,4052019Assets 2020: $17,280,557Liabilities 2020: $3,927,997Net Assets 2020: $13,352,5602020Assets 2021: $17,376,523Liabilities 2021: $3,009,402Net Assets 2021: $14,367,1212021Assets 2022: $17,727,972Liabilities 2022: $2,259,139Net Assets 2022: $15,468,8332022Assets 2023: $19,447,053Liabilities 2023: $1,773,579Net Assets 2023: $17,673,4742023Assets 2024: $19,102,602Liabilities 2024: $1,130,457Net Assets 2024: $17,972,1452024

Highlighted filing

2013

Assets$11,778,369
Liabilities$530,776
Net Assets$11,247,593

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,257,7672010Expenses 2011: $3,325,2322011Expenses 2012: $3,215,6412012Revenue 2013: $3,664,591Expenses 2013: $3,939,922Net Income 2013: -$275,3312013Revenue 2014: $3,713,059Expenses 2014: $4,186,272Net Income 2014: -$473,2132014Revenue 2015: $3,251,090Expenses 2015: $3,841,808Net Income 2015: -$590,7182015Revenue 2016: $3,415,671Expenses 2016: $3,970,160Net Income 2016: -$554,4892016Revenue 2017: $3,188,955Expenses 2017: $3,700,697Net Income 2017: -$511,7422017Revenue 2018: $5,461,302Expenses 2018: $3,886,597Net Income 2018: $1,574,7052018Revenue 2019: $3,912,290Expenses 2019: $3,585,425Net Income 2019: $326,8652019Revenue 2020: $5,530,219Expenses 2020: $3,664,428Net Income 2020: $1,865,7912020Revenue 2021: $4,664,357Expenses 2021: $3,649,796Net Income 2021: $1,014,5612021Revenue 2022: $5,145,018Expenses 2022: $3,993,414Net Income 2022: $1,151,6042022Revenue 2023: $6,427,822Expenses 2023: $4,314,801Net Income 2023: $2,113,0212023Revenue 2024: $4,543,294Expenses 2024: $4,504,272Net Income 2024: $39,0222024

Highlighted filing

2013

Revenue$3,664,591
Expenses$3,939,922
Net Income-$275,331
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 30, 2014
Return Version
2013v3.1
Gross Receipts
$3,994,658
Mission and Program Overview

Mission

The organization cultivates loyalty, tradition, service, and lifelong relationships. Supporting and assisting in the development and increasing of the facilities of texas tech university through (1) encourage & establish scholarships, (2) engage in the advancement of higher education through research and other literary and scientific undertakings and broader education opportunities, (3) award alumni for outstanding work in promoting the welfare of the university, (4) engage in public relations on behalf of the university, (5) assist in keeping records and statistics on graduates and former students of the university, (6) publish an alumni magazine, (7) support local alumni groups or other related organizations or faculty, and (8) to encourage donations to the university.

The organization cultivates loyalty, tradition, service, and lifelong relationships. Supporting and assisting in the development and increasing of the facilities of texas tech university through (1) encourage & establish scholarships, (2)engage in the advancement of higher education through research and other literary and scientific undertakings and broader education opportunities, (3) award alumni for outstanding work in promoting the welfare of the university, (4) engage in public relation on behalf of the university, (5) assist in keeping records and statistics on graduates and former students of the university, (6) publish an alumni magazine, (7) support local alumni groups or other related organizations or faculty, and (8) to encourage donations to the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,270,547$6,188,957▼ $81,590
Savings and Temporary Cash Investments$3,989,846$4,185,266▲ $195,420
Pledges and Grants Receivable$792,708$561,449▼ $231,259
Cash and Non-Interest-Bearing Accounts$247,251$328,207▲ $80,956
Prepaid Expenses and Deferred Charges$75,887$141,456▲ $65,569
Accounts Receivable$126,481$49,098▼ $77,383
Total Assets$11,985,808$11,778,369▼ $207,439
Other Assets Total$483,088$323,936▼ $159,152
Liabilities
Accounts Payable and Accrued Expenses$304,923$403,387▲ $98,464
Deferred Revenue$145,461$117,289▼ $28,172
Other Liabilities$12,500$10,100▼ $2,400
Total Liabilities$462,884$530,776▲ $67,892
Net Assets / Fund Balance
Unrestricted Net Assets$9,939,594$10,970,813▲ $1,031,219
Temporarily Rstr Net Assets$1,256,356--
Permanently Rstr Net Assets$326,974$276,780▼ $50,194
Total Net Assets Fund Balance$11,522,924$11,247,593▼ $275,331
Total Liabilities and Net Assets / Fund Balance$11,985,808$11,778,369▼ $207,439

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,776,439$1,872,715$7,649,154
Other Land Buildings$330,925$715,029$1,045,954
Equipment$81,593$239,907$321,500
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$2,422,232
Program Service Revenue
$452,848
Investment Income
$30,611
Other Revenue
$758,900
All Other Contributions
$2,422,232
Change in Net Assets
$-275,331

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,664,591
Revenue Not Reported on Form 990
$293,205
Total Revenue per Audited Statements
$3,957,796
Total Revenue per Form 990
$3,664,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,026,626
Salaries, Compensation, and Employee Benefits$1,740,160
Total Fundraising Expense$836,127
Professional Fundraising Fees$173,136
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$833,703$136,576$224,967$1,195,246
All Other Expenses$248,504$12,522$140,964$401,990
Depreciation Depletion$153,127$137,738-$290,865
Other Employee Benefits$132,219$41,974$35,679$209,872
Office Expenses$174,526$6,833-$181,359
Fees for Services Professional Fundraising--$173,136$173,136
Current Officers, Directors, Trustees, and Key Employees-$128,092-$128,092
Payroll Taxes$77,125$24,484$20,812$122,421
Other Expenses$183,489-$94,283$94,283
Pension Plan Contributions$53,253$16,905$14,371$84,529
Occupancy$16,109$31,771-$47,880
Conferences and Meetings-$36,805-$36,805
Insurance-$33,964-$33,964
Fees for Services Other$21,589--$21,589
Travel$2,487--$2,487
Total Functional Expenses$2,496,131$607,664$836,127$3,939,922

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,233,127
Expenses per Audited Statements$3,939,922
Total Expenses per Form 990$3,939,922
Expenses Not Reported on Form 990$293,205
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$173,136
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$10,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is reviewed by the chief executive & administrative officer and the board president. The return is then made available to the remaining board memebers.

Form 990, Page 6, Part VI, Line 15A

The executive committee brings the motion to the board in executive session and the board approves.

Form 990, Page 6, Part VI, Line 15B

The executive committee brings the motion to the board in executive session and the board approves.

Form 990, Page 6, Part VI, Line 19

Made avaialble upon request.

Filing and Contact Details

Filer

EIN
75-6036607
Phone
8067423641

Signing Officer

Name
David Low
Title
CFO & Administrative Officer
Phone
8067423641
Signed
2014-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Low
Formed
1927
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
54
Volunteers
100

Preparer

Preparer
Jimmy D Pendergrass
Phone
8067456789
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization cultivates loyalty, tradition, service, and lifelong relationships. Supporting and assisting in the development and increasing of the facilities of texas tech university through (1) encourage & establish scholarships, (2)engage in the advancement of higher education through research and other literary and scientific undertakings and broader education opportunities, (3) award alumni for outstanding work in promoting the welfare of the university, (4) engage in public relation on behalf of the university, (5) assist in keeping records and statistics on graduates and former students of the university, (6) publish an alumni magazine, (7) support local alumni groups or other related organizations or faculty, and (8) to encourage donations to the university.

Form 990, Page 2, Part III, Line 4D

Techsan magazine expenses - expenses associated with compiling, printing, publishing, and mailing the alumni periodical. Building fund expenses program event expenses

Form 990, Part IX, Line 24E

Chapter member services 77,809 0 0 sbc stadium box 0 0 75,421 repairs and maint 53,147 0 0 legacy program 50,774 0 0 bank & credit card charge 5,065 0 28,699 sponsorship expenses 0 0 22,200 distinguished alumnus din 19,178 0 0 scholarship awards dinner 17,299 0 0 frazier alumni pavilion 0 0 14,644 photography 8,629 0 0 dues and subscriptions 0 7,173 0 building fund expenses 4,349 0 0 top techsan luncheon 4,263 0 0 supplies & equipment 0 3,912 0 bad debt expense 3,760 0 0 artwork 2,700 0 0 miscellaneous 0 1,437 0 telephone 768 0 0 supplies 283 0 0 writer fee 200 0 0 meals & entertainment 184 0 0 entertainment 96 0 0

Financial Statement Notes

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

RENTAL EXPENSE 293,205

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

RENTAL EXPENSE 293,205

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

BOOK/TAX DEPRECIATION 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt6EX-OFFICIO
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IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUST REPRES
IRS990/Form990PartVIISectionAGrp/TitleTxt25MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt30SECRETARY &
IRS990/Form990PartVIISectionAGrp/TitleTxt31PAST PRESIDE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$1.13$18.0$4.54$4.50$0.04
2023Detailed filing. Detailed filing data is available for this year.$19.4$1.77$17.7$6.43$4.31$2.11
2022Detailed filing. Detailed filing data is available for this year.$17.7$2.26$15.5$5.15$3.99$1.15
2021Detailed filing. Detailed filing data is available for this year.$17.4$3.01$14.4$4.66$3.65$1.01
2020Detailed filing. Detailed filing data is available for this year.$17.3$3.93$13.4$5.53$3.66$1.87
2019Detailed filing. Detailed filing data is available for this year.$15.3$3.82$11.5$3.91$3.59$0.33
2018Detailed filing. Detailed filing data is available for this year.$11.7$0.74$10.9$5.46$3.89$1.57
2017Detailed filing. Detailed filing data is available for this year.$10.5$1.31$9.18$3.19$3.70$0.51
2016Detailed filing. Detailed filing data is available for this year.$10.1$0.56$9.50$3.42$3.97$0.55
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.77$10.2$3.25$3.84$0.59
2014Detailed filing. Detailed filing data is available for this year.$11.5$0.73$10.8$3.71$4.19$0.47
2013Detailed filing. Detailed filing data is available for this year.$11.8$0.53$11.2$3.66$3.94$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.46$11.5$3.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.33$11.6$3.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$3.02$10.7$3.26