Iowa State University Alumni Association in Ames, Iowa (IA)

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Iowa State University Alumni Association
Employer Identification Number (EIN)426062614
Name of OrganizationIowa State University Alumni Association
Address420 Beach Ave, Ames, IA 50011-1430
ActivitiesAlumni association or group
SubsectionCharitable Organization, Educational Organization
Ruling Date12/1975
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,801,780
Amount of Income$4,199,555
Form 990 Revenue Amount$4,062,370
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Alumni Associations


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Amount of income in 2014: $4,199,555 (it was $4,186,358 in 2013)
Iowa State University Alumni Association: 

 $4,199,555
Other organizations performing similar types of work: 

 $136,067

Assets in 2014: $8,801,780 (it was $8,251,528 in 2013)
This organization: 

 $8,801,780
Other organizations performing similar types of work: 

 $331,683

Expenses in 2014: $3,928,099
This organization: 

 $3,928,099
Other organizations performing similar types of work: 

 $109,534

Income to expenses ratio in 2014: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Employees paid over $100,000 in 2014: 3.4%
Iowa State University Alumni Association: 

 3.4%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 65.2%
This organization: 

 65.2%
Other organizations performing similar types of work: 

 10.6%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoYesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesNoYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096644
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return282829
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$416,557$431,219$437,148
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$122,267$99,288$103,790
Total number of individuals who received more than $100,000 of reportable compensation from the organization111
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$3,695,595$3,747,864$3,995,535$4,062,370
Contributions, Gifts, Grants and Other Similar Amounts$2,187,703$2,336,981$2,475,588$2,650,473
Program Service Revenue$599,926$680,780$874,180$726,206
Educational Support Services$278,072$368,723$230,872
Educational Support Services$156,416$217,428$201,072
532000$119,923$145,851$146,786
Educational Support Services$107,519$125,716$130,026
Educational Support Services$18,850$16,462$17,450
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8,708$22,413$3,247$18,545
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$615,191$610,668$327,306$378,718
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$169,350$26,219$203,384$191,212
Gross amount from sales of assets other than inventory (Securities / Other)$169,350 / $0$193,614 / $0$269,234 / $0$232,671 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$167,395 / $0$65,850 / $0$41,459 / $0
Gain or (loss) (Securities / Other)$169,350 / $0$26,219 / $0$203,384 / $0$191,212 / $0
Net income/loss from fundraising events$0$-10,831$11,923$0
Gross income from fundraising events$0$110,466$136,896$95,726
Less: direct expenses$0$121,297$124,973$95,726
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$114,717$81,634$99,907$97,216
561500$81,440$99,727$97,012
900099$194$180$204
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$3,566,510$3,701,311$3,976,335$3,928,099
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$531,358$545,678$569,266$583,530
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$950,487$989,184$998,855$987,532
Pension plan accruals and contributions$93,767$98,315$96,895
Other employee benefits$262,941$271,722$289,905
Payroll taxes$74,551$73,261$74,473$73,641
Fees for services (non-employees)
Management$0$0$0
Legal$1,263$6,089$3,635
Accounting$18,210$14,900$15,375
Lobbying$0$0$0
Professional fundraising services$12,630$14,703$21,347$28,222
Investment management fees$64,931$71,956$0
Other$127,012$137,763$146,665
Advertising and promotion$450,648$458,233$530,335
Office expenses$56,339$62,534$54,218
Information technology$219,698$227,328$234,788
Royalties$0$0$0
Occupancy$167,082$195,426$205,042
Travel$63,764$82,630$62,317
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$411,958$552,273$393,823
Interest$0$0$0
Payments to affiliates$41,951$95,154$66,597
Depreciation, depletion, and amortization$24,375$20,649$12,275
Insurance$27,386$28,189$29,886
Other expenses$47,860$48,272$51,936
Other expenses$43,287$39,324$36,922
Other expenses$42,000$26,610$24,560
Balance Sheet
2011201220132014
Total assets$3,844,021$6,135,949$8,251,528$8,801,780
Cash - non-interest-bearing$834$900$1,300
Savings and temporary cash investments$168,713$162,692$143,097
Pledges and grants receivable, net$13,596$11,787$834
Accounts receivable, net$116,273$1,739,903$1,493,461
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$46,407$35,378$38,763
Prepaid expenses and deferred charges$81,477$80,556$79,822
Land, buildings, and equipment: cost or other basis$30,837$30,246$23,566
Investments - publicly traded securities$0$0$0
Investments - other securities$5,677,812$6,190,066$7,020,937
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$409,440$382,165$2,005,043$1,805,550
Accounts payable and accrued expenses$233,710$276,719$311,225
Grants payable$0$0$0
Deferred revenue$115,513$1,704,550$1,450,279
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$32,942$23,774$44,046
Total net assets or fund balances$3,434,581$5,753,784$6,246,485$6,996,230
Unrestricted net assets$3,286,627$3,487,174$3,845,978
Temporarily restricted net assets$42,892$22,607$0
Permanently restricted net assets$2,424,265$2,736,704$3,150,252
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$11,803,041
Subtotal Support$11,803,041
Gifts, grants, contributions, and membership fees received$11,803,041
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$14,409,413
Public Support$11,803,041
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,602,655
Net income from unrelated business activities, whether or not the business is regularly carried on$3,717
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$3,530,277
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$65,595$0$0
Cost of goods sold$0$0$0
Gross profit$65,595$0$65,595
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$34,756$45,454$10,697
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West Virginia University Alumni Association Loyalty Permanent Endo496 High St, Morgantown, WV 26505-5529WV1946-11$7,088,849
2Trustees Of Princeton University, Group Return701 Carnegie Center Ste 438, Princeton, NJ 08540-6242NJ1984-02$6,407,582
3West Virginia University Alumni Association IncPO BOX 4269, Morgantown, WV 26504-4269WV1978-10$5,157,017
4Iowa State University Alumni Association420 Beach Ave, Ames, IA 50011-1430IA1975-12$4,199,555
5University Of Rhode Island Student Senate Inc, Memorial Union Board Of Directors50 Lower College Rd, Kingston, RI 02881-1901RI1991-04$2,515,898
6Southern Illinois University, Assn Of Alumni & Former StudentsColyer Hall 2nd Fl Mail Code 6809 S, Carbondale, IL 62901IL1956-06$2,342,644
7University Of The Philippines Medical Alumni Society In America717 Sherbrook Dr, Silver Spring, MD 20904-2830MD1981-10$2,289,952
8Alpha Kappa Psi Foundation7851 Stansbury Ave, Panorama City, CA 91402CA1956-08$2,213,455
9Stanford Business School Alumni Association655 Knight Way Se201a, Stanford, CA 94305-7298CA1973-04$1,731,261
10Texas Aggie Corps Of Cadets Association1134 Finfeather Rd, Bryan, TX 77803-3823TX1995-10$1,485,961
11University Of Wyoming Alumni214 S 14th St, Laramie, WY 82070-4119WY1959-05$1,009,953
12Slippery Rock University Alumni Assoc1 Morrow Way, Slippery Rock, PA 16057-1314PA1972-01$988,131
13University Of North Texas Alumni Association Inc, Alumni Association1155 Union Cir 311220, Denton, TX 76203-5017TX1990-09$920,212
14University Of Idaho Alumni Association Inc875 Perimeter Dr Msc 3232, Moscow, ID 83844-9803ID1975-07$698,193
15University Of Texas At Arlington Alumni Association IncPO BOX 1043, Arlington, TX 76004-1043TX1974-11$694,104
16Palmer College Of Chiropractic International Alumni Association1000 Brady St, Davenport, IA 52803-5214IA1995-01$81,519
17Vennard College Alumni Association2304 8th Ave E, University Park, IA 52595IA1997-09$15,831
18Iowa Methodist School Of Nursing Alumni Association9589 Ne 28th Court, Ankeny, IA 50021IA1979-07$0
19North High Alumni Association501 Holcomb, Des Moines, IA 50313IA1996-10$0
20The Alumni Association Of William Penn College201 Trueblood Ave, Oskaloosa, IA 52577-1757IA1996-01$0
Number of organizations performing similar types of work
Alabama8
Arkansas4
Arizona4
California46
Colorado8
Connecticut7
District of Columbia10
Florida11
Georgia15
Hawaii4
Iowa6
Idaho1
Illinois20
Indiana15
Kansas8
Kentucky7
Louisiana10
Massachusetts22
Maryland17
Maine5
Michigan56
Minnesota4
Missouri16
Mississippi5
Montana3
North Carolina15
North Dakota2
Nebraska6
New Hampshire1
New Jersey26
New Mexico3
New York62
Ohio32
Oklahoma7
Oregon3
Pennsylvania28
Rhode Island3
South Carolina7
South Dakota3
Tennessee10
Texas45
Virginia22
Vermont3
Washington7
Wisconsin6
West Virginia8
Wyoming1
International2
Total614

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