Overview
What is State University Of New York At Binghamton Alumni Association Inc?
The State University of New York at Binghamton Alumni Association Inc is a nonprofit organization, specifically aimed at fostering connections and engagement with both current and prospective alumni of the State University of New York at Binghamton. Their mission is to preserve and strengthen the loyalty of the alumni towards their alma mater while actively supporting the university's overall interests. They accomplish this through various activities and events, designed to cultivate interaction and involvement among their members.
Official website here: www.binghamton.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The State University Of New York At Binghamton Alumni Association Inc has achieved a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The score reflects a 100% rating in the Accountability & Finance category, showcasing the organization’s transparency and effective management of funds. Notably, the association maintains a majority independent board, which contributes to its governance quality.
The financial practices of the organization are commendable, with no material diversion of assets reported and a high program expense ratio of 80.48%. This suggests that the majority of its resources are directed towards fulfilling its mission rather than administrative costs. The organization also has strong oversight mechanisms in place, including an Audit and Oversight Committee and various policies pertaining to conflict of interest and whistleblowing.
However, the liabilities to assets ratio stands at 55.03%, indicating that the organization has a moderate level of liabilities relative to its assets. While this is not necessarily a cause for concern, it highlights the importance of ongoing financial monitoring to ensure sustainability. Overall, the association demonstrates a solid foundation for supporting its alumni and fulfilling its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is State University Of New York At Binghamton Alumni Association Inc legitimate?
State University Of New York At Binghamton Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. State University Of New York At Binghamton 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $243,146
For more financial information, click here
Official website here: www.binghamton.edu
What is the mission statement of State University Of New York At Binghamton Alumni Association Inc?
The State University of New York at Binghamton Alumni Association Inc's mission is centered around maintaining and fostering loyalty among its alumni towards the university. The organization also aims to support and advance the interests of the university as a whole. Their activities and events are designed to promote interaction with both current and future alumni, strengthening the connection between them and the institution.
Official website here: www.binghamton.edu
What is the revenue of State University Of New York At Binghamton Alumni Association Inc?
State University Of New York At Binghamton Alumni Association Inc's revenue in 2024 was $1,103,034.
Official website here: www.binghamton.edu
Who are the executives of State University Of New York At Binghamton Alumni Association Inc and what are their salaries?
There 2860 volunteers at State University Of New York At Binghamton Alumni Association Inc.
Here are 26 key members and their salaries:
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- Related: $183,999
- Other: $34,993
Official website here: www.binghamton.edu
Where can I find the form 990 for State University Of New York At Binghamton Alumni Association Inc?
State University Of New York At Binghamton Alumni Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.binghamton.edu
Learn more at the official website: www.binghamton.edu
Mission Statement of State University Of New York At Binghamton Alumni Association Inc
The State University of New York at Binghamton Alumni Association Inc is committed to fostering and boosting the loyalty of its alumni towards the esteemed State University of New York at Binghamton. Its primary objective is to support and advance the interests of the university as a whole. The organization undertakes various activities and events to encourage and strengthen interactions between current and prospective alumni. By doing so, it aims to contribute positively to the university's community and foster a sense of unity among its former students.
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Impact
July, 2024
The State University Of New York At Binghamton Alumni Association Inc plays a vital role in maintaining and promoting the loyalty of its alumni to the university. Through various activities and events, the association fosters interaction among current and future alumni, creating a strong sense of community and support for the institution. By engaging alumni and promoting the interests of the university, the association contributes to the continued success and growth of State University Of New York At Binghamton.
This information is meant to be a general summary of State University Of New York At Binghamton 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 2024.
- Investment Income: $24,594
- Program Service Revenue: $694,145
- Gross Receipts: $1,103,034
Assets and Liabilities:
- Total Assets: $1,397,027
- Total Liabilities: $768,789
- Net Assets: $628,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ENGAGEMENT
Revenue
$623,555
ALUMNI ENGAGEMENT
Revenue
$35,588
CO-SPONSORSHIP
Revenue
$35,002
Organization Details
Founding Year
1962
Principal Officer
Matthew Winston
Website
www.binghamton.eduNTEE Category
Code: B84Z - Education
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