Society Of The Alumni Of The College Of William And Mary in Williamsburg, Virginia (VA)

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Society Of The Alumni Of The College Of William And Mary
Employer Identification Number (EIN)546054289
Name of OrganizationSociety Of The Alumni Of The College Of William And Mary
AddressPO BOX 2100, Williamsburg, VA 23187-2100
ActivitiesAlumni association or group
SubsectionEducational Organization
Ruling Date08/1945
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,194,865
Amount of Income$7,345,427
Form 990 Revenue Amount$5,083,680
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Alumni Associations


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Amount of income in 2014: $7,345,427 (it was $3,283,011 in 2013)
This organization: 

 $7,345,427
Other organizations performing similar types of work: 

 $136,067

Assets in 2014: $12,194,865 (it was $11,017,706 in 2013)
This organization: 

 $12,194,865
Other organizations performing similar types of work: 

 $331,683

Expenses in 2014: $3,598,040
This organization: 

 $3,598,040
Other organizations performing similar types of work: 

 $109,534

Income to expenses ratio in 2014: 2.0
This organization: 

 2.0
Other organizations performing similar types of work: 

 1.1

Employees paid over $100,000 in 2014: 2.1%
Society Of The Alumni Of The College Of William And Mary: 

 2.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 41.4%
Society Of The Alumni Of The College Of William And Mary: 

 41.4%
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?NoYesNo
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?YesYesYes
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)?NoYesYes
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?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
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?YesYesYes
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?NoYesYes
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?YesYesYes
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 1096435886
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?NoYesYes
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 return434248
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?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
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$170,190$158,573$163,790
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$17,809$17,809
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$3,085,666$3,745,183$3,283,011$5,083,680
Contributions, Gifts, Grants and Other Similar Amounts$1,814,706$1,741,895$1,980,986$2,105,395
Program Service Revenue$376,286$485,816$538,036$656,421
900099$478,604$538,036$656,421
All other program service revenue$7,212$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$101,258$157,821$239,423$296,061
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$125,352$109,919$110,047$115,264
Gross rents (Real / Personal)$125,352 / $0$109,919 / $0$114,791 / $0$117,216 / $2,792
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$4,744 / $0$4,744 / $0
Rental income or (loss) (Real / Personal)$125,352 / $0$109,919 / $0$110,047 / $0$112,472 / $2,792
Net gain/loss from sales of assets other than inventory$299,226$852,398$5,512$98,686
Gross amount from sales of assets other than inventory (Securities / Other)$1,942,748 / $0$5,870,142 / $0$1,997,589 / $0$2,249,700 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,643,522 / $0$5,017,744 / $0$1,992,077 / $0$2,151,014 / $0
Gain or (loss) (Securities / Other)$299,226 / $0$852,398 / $0$5,512 / $0$98,686 / $0
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$57,140$59,003$72,980$51,029
Gross sales of inventory, less returns and allowances$159,797$142,264$153,074$157,018
Less: cost of goods sold$102,657$83,261$80,094$105,989
Miscellaneous Revenue$311,698$338,331$336,027$1,760,824
900099$138,885$129,172$1,526,291
541800$115,249$128,428$118,373
Tour Operators$79,284$78,427$116,160
All other revenue$4,913$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$2,891,344$2,849,334$3,370,037$3,598,040
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$48,000$54,750$62,000
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$177,661$170,190$166,073$177,523
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$997,168$1,043,396$1,156,396$1,134,116
Pension plan accruals and contributions$81,276$88,736$67,779
Other employee benefits$216,017$303,365$313,223
Payroll taxes$84,596$87,267$96,920$92,324
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$0$22,501$22,500
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$47,705$50,767
Other$0$0$0
Advertising and promotion$0$0$0
Office expenses$8,246$122,179$71,435
Information technology$0$26,308$8,717
Royalties$0$0$0
Occupancy$0$21,536$29,417
Travel$12,339$9,525$6,840
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$5,411$29,631$32,265
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$57,859$42,396$35,234
Insurance$12,063$14,045$14,359
Other expenses$269,827$374,850$532,927
Other expenses$225,868$281,586$479,207
Other expenses$223,424$191,150$217,977
Other expenses$49,231$145,964$78,229
Other expenses$338,920$174,421$171,201
Balance Sheet
2011201220132014
Total assets$10,238,414$10,141,053$11,017,706$12,194,865
Cash - non-interest-bearing$616,024$649,921$277,175
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$76,201$82,556$72,188
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$40,306$49,830$49,884
Prepaid expenses and deferred charges$38,782$53,292$65,085
Land, buildings, and equipment: cost or other basis$227,365$191,463$167,024
Investments - publicly traded securities$0$0$7,080,638
Investments - other securities$9,142,375$9,990,644$4,482,871
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$1,529,750$1,692,418$1,935,104$540,182
Accounts payable and accrued expenses$157,286$236,275$284,282
Grants payable$0$0$0
Deferred revenue$0$0$0
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)$1,535,132$1,698,829$255,900
Total net assets or fund balances$8,708,664$8,448,635$9,082,602$11,654,683
Unrestricted net assets$4,181,936$4,574,183$6,772,834
Temporarily restricted net assets$1,101,660$1,071,428$1,026,539
Permanently restricted net assets$3,165,039$3,436,991$3,855,310
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$9,350,087
Subtotal Support$9,350,087
Gifts, grants, contributions, and membership fees received$9,350,087
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$10,233,678
Public Support$9,350,087
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$883,591
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.$5,360,407
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$321,563$0$321,563
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
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$114,436$0$114,436
Other income$207,127$0$207,127
Deductions Not Taken Elsewhere (for 2008)
Total deductions$342,705
Compensation of officers, directors, and trustees$32,760
Salaries and wages$118,839
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$42,431
Excess exempt expenses$0
Excess readership costs$114,436
Other deductions$34,239
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$21,142
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$21,142
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Society Of The Alumni Of The College Of William And MaryPO BOX 2100, Williamsburg, VA 23187-2100VA1945-08$7,345,427
2German Club Alumni Foundation Incorporated711 Southgate Dr, Blacksburg, VA 24060-5423VA1978-08$852,496
3Medical College Of Va Alumni Assoc Of Virginia Commonwealth UnivPO BOX 980156, Richmond, VA 23298-0156VA1946-05$302,477
4Salem Educational Foundation And Alumni AssociationPO BOX 1461, Salem, VA 24153-0010VA1988-05$296,697
5University Of Virginia Law School Alumni Association580 Massie Road No Sl358, Charlottesville, VA 22903-1738VA1989-03$232,759
6Old Dominion University Alumni Association IncorporatedBarry M Kornblau Alumni Center, Norfolk, VA 23529-0001VA1991-07$227,267
7Alumni Association Of George Mason University4400 University Dr Msc 3b3, Fairfax, VA 22030-4422VA1977-05$177,586
8St Michaels Episcopal School Foundation8706 Quaker Ln, N Chesterfld, VA 23235-2918VA1998-11$172,147
9Massachusetts Institute Technology112 Pleasant Grove Rd, Locust Grove, VA 22508-5102VA1985-10$142,907
10Washington And Lee University Alumni IncorporatedHotchkiss Alumni House, Lexington, VA 24450VA1945-09$24,912
11Alumni Presidents Council Of Independent Secondary Schools812 Prince St 1, Alexandria, VA 22314-3007VA1993-01$16,312
12Smith College Class Of 19733367 V Ln, Oakton, VA 22124-2422VA1994-01$9,943
13Christchurch School Alumni Association IncP O Box 3180, Winchester, VA 22604VA1986-09$0
14Monticello High School Music Boosters Inc1400 Independance Way, Charlottesville, VA 22902VA1998-11$0
15Penn State Alumni Association7110 Blacksburg Rd, Catawba, VA 24070VA2000-01$0
16Silliman University Alumni Association Of The Ntnl Cptl Rgn1319 April Way, Herndon, VA 20170-3904VA1997-07$0
17University Of Hawaii Alumni- Associates Capital Reglon Chapter4418 Neptune Drive, Alexandria, VA 22309VA1998-01$0
18Virginia Rural Leadership Development Association715 Corn Tassel Trl, Martinsville, VA 24112-5412VA1992-04$0
19Virginia State University Alumni AssociationBox 2488, Petersburg, VA 23804VA1998-12$0
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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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