Overview
What is Georgia Tech Alumni Association?
Georgia Tech Alumni Association serves as a crucial fundraising arm for Georgia Tech, managing the Annual Fund and conducting solicitations from approximately 25,000 alumni and supporters. This fundraising initiative supports education at Georgia Tech by providing unallocated funds for student scholarships, financial aid, faculty recruitment, and retention, and the establishment of new academic programs. The organization maintains contact records for alumni and friends, promoting both education at Georgia Tech and alumni relations. Furthermore, the Alumni Association engages in business development activities, managing sponsorships, advertisements, and merchandising to foster long-term relationships and philanthropic support among its alumni.
Official website here: www.gtalumni.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 94% (Four-Star out of Four Star rating)**
The Georgia Tech Alumni Association has earned a commendable Four-Star rating from Charity Navigator, indicating strong financial health and accountability. With a high score in Accountability & Finance, the organization demonstrates excellent governance, with a fully independent board and robust oversight mechanisms in place. The association also shows a strong commitment to effective program expenditures, with a high Program Expense Ratio of 96.01%.
Despite these strengths, there are some limitations in the evaluative criteria. The organization could not be assessed using the Impact & Measurement, Culture & Community, or Leadership & Adaptability methodologies, suggesting that while financial accountability is strong, the organization may lack certain performance metrics that paint a fuller picture of its impact. Additionally, the Working Capital Ratio of 0.39 years suggests potential liquidity concerns, which could affect operational flexibility.
Unfortunately, user reviews from GreatNonprofits could not be retrieved, limiting the opportunity for individual feedback to further understand the sentiments surrounding the Georgia Tech Alumni Association. Overall, while the organization showcases solid financial stewardship, additional insights from users could enhance understanding of its community engagement and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Tech Alumni Association legitimate?
Georgia Tech Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tech 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: $436,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,997,185
For more financial information, click here
Official website here: www.gtalumni.org
What is the mission statement of Georgia Tech Alumni Association?
The Georgia Tech Alumni Association's mission is to advocate and provide support for its alumni and the institution, fostering lifelong relationships and encouraging philanthropic contributions. They achieve this through various programming and engagement activities. One of their key roles is serving as a fundraising arm for Georgia Tech, managing the annual fund and soliciting donations from approximately 25,000 alumni and supporters. These funds contribute to student scholarships, financial aid, faculty recruitment and retention, and the development of new academic programs. Additionally, the Alumni Association maintains contact records for alumni and supporters to promote education at Georgia Tech and strengthen alumni relations. Their business development department manages sponsorships, advertising, and merchandising to further support their mission.
Official website here: www.gtalumni.org
Who is the CEO of Georgia Tech Alumni Association?
Dene Sheheane is the Chair of Georgia Tech Alumni Association.
Official website here: www.gtalumni.org
What is the revenue of Georgia Tech Alumni Association?
Georgia Tech Alumni Association's revenue in 2023 was $7,448,240.
Official website here: www.gtalumni.org
Who are the executives of Georgia Tech Alumni Association and what are their salaries?
The average compensation at Georgia Tech Alumni Association during 2023 was $61,319. There are 56 employees and 800 volunteers at Georgia Tech Alumni Association.
Here are 51 key members and their salaries:
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Official website here: www.gtalumni.org
Where can I find the form 990 for Georgia Tech Alumni Association?
Georgia Tech Alumni Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gtalumni.org
Learn more at the official website: www.gtalumni.org
Mission Statement of Georgia Tech Alumni Association
The Georgia Tech Alumni Association is committed to championing and serving its alumni and the institution through programming and engagement. This mission aims to foster lifelong relationships and encourage philanthropic support. By doing so, the association promotes education at Georgia Tech in various ways. They manage the Annual Fund and perform solicitations, raising funds from approximately 25,000 alumni and friends. These funds contribute to student scholarships, financial aid, faculty recruitment and retention, and the support of new academic programs. Additionally, the Alumni Association maintains contact records for alumni and friends, utilizing this information for fundraising purposes and to promote education at Georgia Tech and alumni relations. The Business Development department within the Alumni Association manages sponsorships, advertising, and merchandising, further aiding in the association's mission.
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Impact
July, 2024
Georgia Tech Alumni Association's impact lies in its ability to champion and serve its alumni and the institute through programming and engagement that fosters lifelong relationships and philanthropic support. Specifically, the association's role in fundraising plays a crucial part in promoting education at Georgia Tech. By managing the annual fund and soliciting donations from approximately 25,000 alumni and friends, the Alumni Association provides vital unrestricted funds for student scholarships, financial aid, faculty recruitment and retention, and support for new academic programs. Additionally, the association's efforts in maintaining contact records for alumni and friends help promote education at Georgia Tech and foster alumni relations. Through these initiatives, the Georgia Tech Alumni Association significantly contributes to the advancement and support of education at the institute.
This information is meant to be a general summary of Georgia Tech 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 2023.
- Investment Income: $24,568
- Program Service Revenue: $543,740
- Gross Receipts: $7,750,578
Assets and Liabilities:
- Total Assets: $3,645,412
- Total Liabilities: $1,221,030
- Net Assets: $2,424,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$364,950
SPONSORSHIP INCOME
Revenue
$121,300
ADVERTISING
Revenue
$57,490
Organization Details
Founding Year
1908
Phone
(404) 894-2391Principal Officer
Dene Sheheane
Main Address
190 NORTH AVE, ATLANTA, GA, 30313
Website
www.gtalumni.orgNTEE Category
Code: B84 - Education
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