Penn State Alumni Association, Penn State Professional Women's Network Of Dc in Haymarket, Virginia (VA)

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Penn State Alumni Association, Penn State Professional Women's Network Of Dc
Employer Identification Number (EIN)251554003
Name of OrganizationPenn State Alumni Association
Secondary NamePenn State Professional Women's Network Of Dc
In Care of NameJill Z McCutcheon
Address4638 Freedmen Lane, Haymarket, VA 20169
Websitehttp://www.pspwndc.org/
ActivitiesAlumni association or group, Scholarships (other)
SubsectionCharitable Organization
Ruling Date01/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,371,761
Amount of Income$10,228,139
Form 990 Revenue Amount$9,208,475
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Alumni Associations


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Amount of income in 2013: $10,228,139
Penn State Alumni Association, Penn State Professional Women's Network Of Dc: 

 $10,228,139
Other organizations performing similar types of work: 

 $1,171,775

Assets in 2013: $40,371,761
Penn State Alumni Association, Penn State Professional Women's Network Of Dc: 

 $40,371,761
Other organizations performing similar types of work: 

 $5,566,924

Expenses in 2013: $7,906,004
This organization: 

 $7,906,004
Other organizations performing similar types of work: 

 $943,601

Income to expenses ratio in 2013: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 58.1%
This organization: 

 58.1%
Other organizations performing similar types of work: 

 67.1%

Grants share in income in 2013: 9.1%
This organization: 

 9.1%
Other organizations performing similar types of work: 

 33.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
2013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
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?No
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?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
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?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?No
Did the organization report an amount for land, buildings, and equipment?No
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
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)?No
Did the organization obtain separate, independent audited financial statements for the tax year?No
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
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?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?No
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
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?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
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?No
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?No
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?No
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?No
A family member of a current or former officer, director, trustee, or key employee?No
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?No
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?Yes
Did the organization make any transfers to an exempt non-charitable related organization?No
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?No
Statements Regarding Other IRS Filings and Tax Compliance
20112013
The number reported in Box 3 of Form 10960
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?No
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 return0
Did the organization file all required federal employment tax returns?No
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYes
Has it filed a Form 990-T for this year?Yes
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)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
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?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
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?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
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
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
2013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$212,523
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$24,689
Total number of individuals who received more than $100,000 of reportable compensation from the organization1
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
20112013
Total revenue$9,998,961$9,208,475
Contributions, Gifts, Grants and Other Similar Amounts$390,150$842,266
Program Service Revenue$2,766,823$3,137,010
541900$2,739,376
541900$397,634
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,004,333$1,426,589
Income from investment of tax-exempt bond proceeds$0$0
Royalties$2,891,474$2,978,045
Net rental income$0$0
Net gain/loss from sales of assets other than inventory$267,566$363,628
Gross amount from sales of assets other than inventory (Securities / Other)$1,406,921 / $0$1,250,371 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,139,355 / $0$886,743 / $0
Gain or (loss) (Securities / Other)$267,566 / $0$363,628 / $0
Net income/loss from fundraising events$0$0
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$34,076$-9,689
Gross sales of inventory, less returns and allowances$115,234$123,232
Less: cost of goods sold$81,158$132,921
Miscellaneous Revenue$644,539$470,626
541800$250,577
541900$153,524
All other revenue$66,525
Statement of Functional Expenses
20112013
Total functional expenses$8,103,465$7,906,004
Grants and other assistance to domestic organizations and domestic governments$933,803
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$0$0
Compensation not included above, to disqualified persons$0
Other salaries and wages$0$0
Pension plan accruals and contributions$0
Other employee benefits$0
Payroll taxes$0$0
Fees for services (non-employees)
Management$0
Legal$0
Accounting$0
Lobbying$0
Professional fundraising services$0$0
Investment management fees$48,799
Other$2,798,029
Advertising and promotion$929,296
Office expenses$1,131,447
Information technology$389,218
Royalties$0
Occupancy$259,668
Travel$742,571
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$673,173
Interest$0
Payments to affiliates$0
Depreciation, depletion, and amortization$0
Insurance$0
Balance Sheet
20112013
Total assets$38,037,198$40,371,761
Cash - non-interest-bearing$0
Savings and temporary cash investments$2,958,758
Pledges and grants receivable, net$0
Accounts receivable, net$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$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
Notes and loans receivable, net$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$0
Land, buildings, and equipment: cost or other basis$0
Investments - publicly traded securities$37,413,003
Investments - other securities$0
Investments - program-related$0
Intangible assets$0
Other assets$0
Total liabilities$0$0
Total net assets or fund balances$38,037,198$40,371,761
Unrestricted net assets$40,371,761
Temporarily restricted net assets$0
Permanently restricted net assets$0
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
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 2009 - 2013)
2009 - 2013 Total
Public Support$15,664,984
Subtotal Support$15,664,984
Gifts, grants, contributions, and membership fees received$15,664,984
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$36,923,609
Public Support$15,664,984
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$21,258,625
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$2,386,426
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$6,922,807$4,559,551$4,300,016$7,871,908$7,708,824$10,518,072$11,178,888$11,858,830
Contributions, gifts, grants, and similar amounts received$77,866$25,746$2,732$9,687$4,331$10,979$7,340$10,143
Contributions to donor advised funds$0$0
Direct public support$77,866$25,746$2,732$9,687$4,331$10,979$7,340$10,143
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$2,317,030$2,351,101$2,706,242$2,677,290$2,615,961$2,985,319$3,002,078$3,113,198
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$1,038,705$912,511$909,815$823,427$776,676$937,071$1,160,651$1,343,877
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$751,280$-2,033,549$-2,279,112$1,585,418$1,156,032$3,027,903$2,752,242$3,370,204
Gross amount from sales of assets other than inventory$96,437,592$83,154,211$27,409,997$19,795,104$11,236,331$13,763,188$36,129,575$54,445,303
Less: cost or other basis and sales expenses$95,686,312$85,187,760$29,689,109$18,209,686$10,080,299$10,735,285$33,377,333$51,075,099
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$2,737,926$3,303,742$2,960,339$2,776,086$3,155,824$3,556,800$4,256,577$4,021,408
Total expenses$7,203,824$7,408,039$6,731,092$6,921,227$6,531,507$6,881,698$7,132,357$7,638,918
Program services$4,921,877$5,157,953$4,507,772$4,400,732$3,969,778$4,289,889$4,456,977$4,435,084
Management and general$2,281,947$2,250,086$2,223,320$2,520,495$2,561,729$2,591,809$2,607,783$2,916,088
Fundraising$0$0$0$0$0$0$67,597$287,746
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$40,036,902$37,188,414$34,757,338$35,708,019$36,885,336$40,521,710$44,671,762$48,891,674
Excess or (deficit) for the year$-281,017$-2,848,488$-2,431,076$950,681$1,177,317$3,636,374$4,046,531$4,219,912
Net assets or fund balances at beginning of year$40,317,919$40,036,902$37,188,414$34,757,338$35,708,019$36,885,336$40,521,710$44,671,762
Other changes in net assets or fund balances$0$0$0$0$0$0$103,521$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$7,638,918$4,435,084$2,916,088$287,746
Grants paid from donor advised funds$0
Other grants and allocations$1,252,317
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$355,049$216,559$137,585$905
Telephone$50,931$24,555$26,376$0
Postage and shipping$735,801$617,855$100,740$17,206
Occupancy$68,248$34,670$33,578$0
Equipment rental and maintenance$379,113$62,333$90,229$226,551
Printing and publications$951,247$881,237$48,500$21,510
Travel$746,536$549,965$196,498$73
Conferences, conventions, and meetings$166,140$123,589$42,532$19
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$2,933,536$672,004$2,240,050$21,482
Balance Sheets
20002001200220032004200520062007
Total assets$40,036,902$37,188,414$34,757,338$35,708,019$36,885,336$40,521,710$44,671,762$48,891,674
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$150,677$158,022$787,702$169,317$620,251$434,555$1,225,607$440,721
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$39,886,225$37,030,392$33,969,636$35,538,702$36,265,085$40,087,155$43,446,155$48,450,953
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$0$0$0$0$0$0$0$0
Accounts payable and accrued expenses$0$0$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$40,036,902$37,188,414$34,757,338$35,708,019$36,885,336$40,521,710$44,671,762$48,891,674
Total net assets or fund balances$40,036,902$37,188,414$34,757,338$35,708,019$36,885,336$40,521,710$44,671,762$48,891,674
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings18
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$470,908$2,627,607$8,750,172
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$3,113,198
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$0$1,343,877
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$3,370,204
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAdvertising and related services$470,908Royalty income excluded by section 512(b)(2)$2,627,607$922,893
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
251635903100%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$3,981,344$5,723,784$6,118,390$6,205,896$5,881,812$6,133,787$7,022,473$7,898,721
Gifts, grants, and contributions received$0$77,866$25,746$2,732$9,687$4,331$10,979$7,340
Membership fees received$2,177,978$2,317,030$2,351,101$2,706,242$2,677,290$2,615,961$2,985,319$3,002,078
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$136,146$123,578$145,009$140,120$152,975$449,473$397,515$955,052
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,667,220$3,205,310$3,596,534$3,356,802$3,041,860$3,064,022$3,628,660$3,934,251
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$279,686$385,774$-106,088
Gross receipts or sales less returns and allowances$132,733$0$0
Cost of goods sold$191,222$0$0
Gross profit$-58,489$0$-58,489
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$338,175$385,774$-47,599
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$0
Unrelated business taxable income$-106,088
Unrelated business taxable income before net operating loss deduction$-106,088
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-106,088
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wisconsin Alumni Research Foundation614 Walnut Street 13th Floor, Madison, WI 53726-2336WI1935-03$341,965,058
2University Of Virginia Alumni AssociationPO BOX 400314, Charlottesvle, VA 22904-4314VA1930-02$41,496,981
3Alumni Association Of The University Of Michigan200 Fletcher St, Ann Arbor, MI 48109-1007MI1946-02$20,596,738
4Oklahoma State University Alumni Association201 Conoco Phillips Alumni Ctr, Stillwater, OK 74078-7003OK1956-11$20,549,072
5Purdue Alumni FdnWest Lafayette, IN 47906IN$20,182,210
6Association Of Former Students Of Texas A & M University505 George Bush Dr, College Sta, TX 77840-2918TX1971-09$18,980,005
7University Of Kentucky Alumni Association Inc400 Rose St, Lexington, KY 40506-0001KY1979-01$17,151,897
8Ex Students Association Of ThePO BOX 7278, Austin, TX 78713-7278TX1937-10$16,282,028
9United States Naval Academy Alumni Assoc247 King George St, Annapolis, MD 21402-1306MD2007-09$11,501,328
10Penn State Alumni Association, Penn State Professional Women's Network Of Dc4638 Freedmen Lane, Haymarket, VA 20169VA2000-01$10,228,139
11Lsu Alumni Association3838 W Lakeshore Dr, Baton Rouge, LA 70808-4600LA1960-09$8,477,975
12Carmel Police Department Citizens Academy Alumni Association Inc3 Civic Sq, Carmel, IN 46032-2584IN2004-01$1,477
13Chi Educational FoundationPo Box 14263, Cleveland, OH 44114-0263OH2006-12$0
14Coach Thomas Harris Alumni Chapter13804 Beechwood Point Circle, Midlothian, VA 23112VA2007-09$0
15College Of West Africa Alumni Association IncPo Box 1421 Point Ridge Md 20717 606 Bushytail Drive, Frederick, MD 21703MD2000-03$0
16Immaculate Conception College Old Boys Association, Iccoba-Dfw8035 E R L Thornton Fwy Ste 518c, Dallas, TX 75228-7065TX2007-12$0
17Maxwell House Sales Alumni Association54 Danbury Rd Ste 215, Ridgefield, CT 06877-4019CT2004-02$0
18Penn State Alumni AssociationPo Box 14913, Tallahassee, FL 32317FL2000-01$0
19University Of Illinois Educational Administration Alumni Association105 E Galena Blvd Fl 8, Aurora, IL 60505-3338IL1999-02$0
20Waurika High School Alumni AssociationPo Box 143, Waurika, OK 73573OK2008-04$0
Number of organizations performing similar types of work
California4
Connecticut3
District of Columbia1
Florida2
Idaho1
Illinois1
Indiana2
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland2
Maine1
Michigan1
Minnesota1
Missouri1
Mississippi1
North Carolina2
Nebraska2
New Hampshire1
New Jersey1
Ohio5
Oklahoma3
Oregon2
Pennsylvania2
South Carolina1
Texas8
Virginia3
Washington1
Wisconsin2
Total62
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralPenn State Alumni Association, Penn State Professional Women's Network Of Dc4638 Freedmen Lane, Haymarket, VA 20169VA2000-01$10,228,139
SubordinatePenn State Alumni Association, Lehigh Valley Chapter438 Oprchard Dr, Whitehall, PA 18052PA2001-01$30,504
SubordinatePenn State Alumni Association, Lancaster County Chapter1383 Arcadia Road, Lancaster, PA 17601-3149PA2001-01$275,299
SubordinatePenn State Alumni Association, New York City ChapterPO BOX 2927, New York, NY 10163-2927NY2001-01$186,187
SubordinatePenn State Alumni Association, Penn State Alumni Association Connecticut Valley Chapter155 N Mountain Rd, Canton, CT 06019CT2001-01$117,918
SubordinatePenn State Alumni Association, Metro Washington ChapterPO BOX 41140, Arlington, VA 22204-8140VA2001-01$69,455
SubordinatePenn State Alumni Association, Greater Scranton Chapter Penn State Alumni AssociationPo Box 77, Scranton, PA 18509PA2001-01$67,409
SubordinatePenn State Alumni Association30 East Swedesford Road, Malvern, PA 19355-1443PA2001-01$54,000
SubordinatePenn State Alumni AssociationPo Box 22402, Philadelphia, PA 19110PA2001-01$51,192
SubordinatePenn State Alumni Association, Dance Marathon AigPO BOX 924, State College, PA 16804-0924PA2001-01$41,008
SubordinatePenn State Alumni Association, Greater Chicago ChapterPO BOX 681, Elgin, IL 60121-0681IL2001-01$39,000
SubordinatePenn State Alumni Association, Penn State Greater Atlanta Penn State AtlantaPo Box 550948, Atlanta, GA 30355GA2001-01$27,987
SubordinatePenn State Alumni Association704 Sweetwater Drive, Cinnaminson, NJ 08077NJ2001-01$8,620
SubordinatePenn State Alumni Association, Penn State Alumni Association Low Country Chapter39 Naspen Hall Road, Bluffton, SC 29910SC2001-01$750
SubordinatePenn State Alumni Association, Greater Susquehanna Valley Penn State ChapterPo Box 402, New Berlin, PA 17855PA2001-01$0
SubordinatePenn State Alumni Association, Lion's Paw Alumni Association IncHintz Family Alumni Center, University Park, PA 16802PA2001-01$0
SubordinatePenn State Alumni Association, Lion Ambassador Alumni Interest Group6509 John Thomas Drive, Alexandria, VA 22315VA2001-01$0
SubordinatePenn State Alumni Association, Central Florida Chapter Penn State Alumni AssociationPo Box 1068, Orlando, FL 32802FL2001-01$0
SubordinatePenn State Alumni Association Tri County Chapter Of Central Florida3091 Southern Trace, The Villages, FL 32162FL2001-01$0
SubordinatePenn State Alumni Association, Piedmont Triad Chapter Of The Penn State Alumni Association2826 Charlotte Lane, Burlington, NC 27215NC2000-01$0
Number of affiliated organizations
Alabama1
Arizona2
California7
Colorado3
Connecticut2
District of Columbia2
Delaware1
Florida13
Georgia1
Iowa1
Idaho1
Illinois1
Kentucky1
Louisiana1
Maryland9
Michigan3
Minnesota1
Missouri1
North Carolina4
New Hampshire1
New Jersey5
New York9
Ohio5
Pennsylvania55
Rhode Island1
South Carolina6
Tennessee1
Texas4
Utah1
Virginia10
Vermont1
Wisconsin2
West Virginia1
Total157

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