Overview
What is University Of Maryland Alumni Association?
The University of Maryland Alumni Association is a nonprofit organization based in College Park, Maryland. With a physical address at the Samuel Riggs IV Alumni Center, their primary mission is to support and promote the university and its programs. They achieve this by fostering lifelong relationships with alumni, recognizing accomplishments, and backing related programs and events. In 20XX, they granted scholarships worth $65,000 to 33 students. The association's purpose also includes encouraging alumni involvement and commitment to the university's pursuit of excellence in teaching, research, and public service. They employ a total of 7 individuals to carry out these objectives.
Official website here: www.alumni.umd.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star rating
The University of Maryland Alumni Association has achieved a respectable Three-Star rating on Charity Navigator, reflecting a solid performance in both accountability and financial practices. The organization boasts a high percentage of independent board members, which enhances its governance and oversight capabilities. Additionally, it has received full points for its audit and oversight committee, as well as for its conflict of interest and whistleblower policies.
Financially, the organization demonstrates strengths in its program expense ratio and working capital ratio, indicating that it allocates a significant portion of its budget towards its programs while maintaining a healthy reserve. However, the liabilities to assets ratio and fundraising efficiency ratio suggest areas for improvement; specifically, the ratio indicates a substantial amount of liabilities compared to assets, and fundraising costs may be higher than ideal.
Overall, while the University of Maryland Alumni Association shows a strong commitment to transparency and responsible management, it faces challenges in optimizing its financial health and fundraising efficiency. Continuous efforts in these areas could enhance its overall impact and sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Maryland Alumni Association legitimate?
University Of Maryland Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Maryland Alumni Association 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
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Other Salaries and Wages: $344,175
For more financial information, click here
Official website here: www.alumni.umd.edu
What is the mission statement of University Of Maryland Alumni Association?
The University of Maryland Alumni Association's mission is centered around supporting and promoting the university's pursuit of excellence in teaching, research, and public service. Their goal is to foster a sense of loyalty, involvement, and lifelong commitment among its alumni. They achieve this by encouraging long-term relationships, recognizing alumni achievements, and supporting related programs and events. The association also provides scholarships to students, with 33 students receiving a total of $65,000 in scholarships.
Official website here: www.alumni.umd.edu
Who is the CEO of University Of Maryland Alumni Association?
Peter Canine is the President of University Of Maryland Alumni Association.
Official website here: www.alumni.umd.edu
What is the revenue of University Of Maryland Alumni Association?
University Of Maryland Alumni Association's revenue in 2022 was $3,402,374.
Official website here: www.alumni.umd.edu
Who are the executives of University Of Maryland Alumni Association and what are their salaries?
The average compensation at University Of Maryland Alumni Association during 2022 was $49,168. There are 7 employees and 42 volunteers at University Of Maryland Alumni Association.
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Official website here: www.alumni.umd.edu
Where can I find the form 990 for University Of Maryland Alumni Association?
University Of Maryland Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alumni.umd.edu
Learn more at the official website: www.alumni.umd.edu
Mission Statement of University Of Maryland Alumni Association
The University of Maryland Alumni Association's mission is centered around supporting and promoting the university's endeavors in the realms of teaching, research, and public service. This nonprofit organization strives to foster a sense of loyalty, involvement, and lifelong commitment among its alumni. In doing so, it aims to enhance the university's standing and the achievements of its former students. Additionally, the Alumni Association supports related programs and events, and annually awards scholarships to deserving students, amounting to a total of $65,000 in the recent year.
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Impact
July, 2024
The University of Maryland Alumni Association has a significant impact by supporting and promoting the university and its programs. It encourages lifelong relationships among alumni, recognizes alumni achievements, and supports related programs and events. Additionally, the association awarded scholarships totaling $65,000 to 33 students, furthering education and opportunities for individuals. This demonstrates the association's commitment to fostering a spirit of loyalty, involvement, and lifelong commitment to the university by its alumni.
This information is meant to be a general summary of University Of Maryland Alumni Association. 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: $149,685
- Program Service Revenue: $16,485
- Gross Receipts: $3,531,295
Assets and Liabilities:
- Total Assets: $12,347,492
- Total Liabilities: $7,095,535
- Net Assets: $5,251,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAVEL PROGRAM REVENUE
Revenue
$16,450
LICENSE PLATES
Revenue
$125
MEMBERSHIP MERCHANDISE
Revenue
-$90
Organization Details
Founding Year
1989
Phone
(301) 405-4678Principal Officer
Peter Canine
Main Address
SAMUEL RIGGS IV ALUMNI CENTER, COLLEGE PARK, MD, 20742
Website
www.alumni.umd.eduNTEE Category
Code: B84 - Education
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