Overview
What is Purdue Alumni Association Inc?
Purdue Alumni Association Inc, located at 403 West Wood Street, West Lafayette, IN 47907, is a nonprofit organization committed to supporting Purdue University. Its primary mission is to foster a sense of connection between the university and its alumni, as well as among the alumni themselves. This is achieved through various activities, including publishing the Alumnus magazine, maintaining an alumni database, funding alumni affinity groups, and more. The association's goal is to encourage alumni engagement and interest in the university, thereby promoting its welfare.
Official website here: www.purduealum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Purdue Alumni Association Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is derived entirely from its accountability measures, showcasing the organization's commitment to transparency and responsible financial management.
The Association excels in several key areas, such as having a completely independent board and maintaining no material diversion of assets. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower policies, which contribute positively to its governance structure. The program expense ratio of 65.31% reflects a significant portion of the budget being directed towards its core mission.
However, while the organization performs well in accountability, there is room for improvement in its program expense ratio, which scored lower than some other benchmarks. This could indicate a need for a closer look at how funds are allocated to ensure maximum impact. Overall, the Purdue Alumni Association demonstrates a commendable level of fiscal responsibility and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Purdue Alumni Association Inc legitimate?
Purdue Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purdue Alumni Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.purduealum.org
What is the mission statement of Purdue Alumni Association Inc?
The Purdue Alumni Association Inc's mission is centered around promoting the well-being of Purdue University. This organization aims to foster interest among alumni towards their alma mater and encourage connections between them. In support of this mission, the Purdue Alumni Association Inc has entered into an agreement with Purdue for Life Foundation (PFLF) to carry out various activities focusing on alumni engagement. These activities include publishing the Alumnus magazine, maintaining a database of alumni biographical information, funding alumni affinity groups, and more, all designed to connect alumni to the university and to each other.
Official website here: www.purduealum.org
Who is the CEO of Purdue Alumni Association Inc?
Ken Sam is the Chairman of Purdue Alumni Association Inc.
Official website here: www.purduealum.org
What is the revenue of Purdue Alumni Association Inc?
Purdue Alumni Association Inc's revenue in 2022 was $3,390,806.
Official website here: www.purduealum.org
Who are the executives of Purdue Alumni Association Inc and what are their salaries?
There 1040 volunteers at Purdue Alumni Association Inc.
Here are 19 key members and their salaries:
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Official website here: www.purduealum.org
Where can I find the form 990 for Purdue Alumni Association Inc?
Purdue Alumni Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.purduealum.org
Learn more at the official website: www.purduealum.org
Mission Statement of Purdue Alumni Association Inc
Purdue Alumni Association Inc, as an organization, is dedicated to promoting the welfare of Purdue University and fostering the interest of its alumni in the institution and each other. In line with this mission, the association has entered into an agreement with Purdue for Life Foundation (PFLF) to execute a diverse range of activities aimed at enhancing alumni engagement. These activities include the publication of the Alumnus magazine, maintaining a database of alumni biographical information, and funding alumni affinity groups. The primary goal of these initiatives is to connect alumni to the university and to each other, fostering a sense of community and shared history.
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Impact
October, 2024
The Purdue Alumni Association Inc significantly enhances the connection between Purdue University and its alumni, fostering a vibrant community that supports both the institution and its graduates. By promoting the university's welfare and encouraging alumni engagement, the Association plays a crucial role in maintaining a strong network of former students.
Through initiatives like the Alumnus magazine and the management of an extensive alumni database, the Association provides valuable resources for staying informed and connected. It also funds various alumni affinity groups, creating spaces for alumni with shared interests to collaborate and engage, thereby strengthening their ties to one another and to Purdue.
The Association's efforts contribute not only to individual alumni's personal and professional growth but also to the broader mission of Purdue University. By enhancing alumni interest and involvement, the Association helps cultivate a thriving community that supports the university's ongoing success and development.
This information is meant to be a general summary of Purdue Alumni Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,276,829
- Program Service Revenue: $325,036
- Gross Receipts: $3,390,806
Assets and Liabilities:
- Total Assets: $36,003,037
- Total Liabilities: $7,627,618
- Net Assets: $28,375,419
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTROL ACCT - MEMBERSHIP INC
Revenue
$318,199
ADVERTISING
Revenue
$4,287
ICPW CONFERENCE INCOME
Revenue
$2,550
Organization Details
Founding Year
1878
Phone
(765) 494-0507Principal Officer
Ken Sam
Main Address
403 WEST WOOD STREET, WEST LAFAYETTE, IN, 47907
Website
www.purduealum.orgNTEE Category
Code: B84Z - Education
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