Overview
What is Texas Tech Alumni Association?
Texas Tech Alumni Association is a nonprofit organization based in Lubbock, Texas. Their primary mission is to foster loyalty, tradition, and lifelong relationships with the Texas Tech University community. They achieve this by supporting the university's ongoing projects and key areas of importance. This can include faculty awards, academic recruitment, athletics, and more. The organization also engages in the advancement of higher education through research, broader education opportunities, and public relations. They assist in keeping records and statistics on graduates and former students, publish an alumni magazine, and support local alumni groups. Furthermore, they encourage donations to the university and engage in various activities to enhance the facilities of Texas Tech University.
Official website here: www.texastechalumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Texas Tech Alumni Association has earned a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This score is derived exclusively from their accountability and finance metrics, which indicate a strong commitment to financial integrity and transparency. The organization has achieved full marks in several key areas, including having a majority of independent board members and maintaining a robust audit and oversight committee.
Strengths of the Texas Tech Alumni Association include a strong financial position with a low liabilities-to-assets ratio and high fundraising efficiency. They have shown transparency in their financial reporting, as evidenced by their available board meeting minutes and the absence of asset diversion. However, the absence of a conflict of interest policy and a whistleblower policy may be seen as areas for improvement in governance practices.
While the program expense ratio stands at 54.09%, indicating that a little over half of their expenses go towards programs, it suggests potential room for enhancing program funding allocation. Overall, the Texas Tech Alumni Association demonstrates accountability and sound financial management, though addressing governance policies could further strengthen their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Tech Alumni Association legitimate?
Texas Tech Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas 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: $594,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $953,731
For more financial information, click here
Official website here: www.texastechalumni.org
What is the mission statement of Texas Tech Alumni Association?
The Texas Tech Alumni Association's mission is centered around fostering loyalty, tradition, service, and long-lasting relationships. It supports and aids in the growth and improvement of Texas Tech University by establishing scholarships, promoting higher education through research and broader educational opportunities, recognizing outstanding alumni contributions, and advocating for the university in public relations. The association also keeps records and statistics on graduates, publishes an alumni magazine, supports local alumni groups, and encourages donations to the university. Its activities are geared towards engaging alumni and enhancing the overall university experience.
Official website here: www.texastechalumni.org
Who is the CEO of Texas Tech Alumni Association?
David Low is the Chairman of Texas Tech Alumni Association. The CEO's salary of Texas Tech Alumni Association is $205,486 and their total compensation is $211,626.
Official website here: www.texastechalumni.org
What is the revenue of Texas Tech Alumni Association?
Texas Tech Alumni Association's revenue in 2022 was $5,145,018.
Official website here: www.texastechalumni.org
Who are the executives of Texas Tech Alumni Association and what are their salaries?
The average compensation at Texas Tech Alumni Association during 2022 was $43,017. There are 36 employees and 120 volunteers at Texas Tech Alumni Association.
Here are 40 key members and their salaries (Texas Tech Alumni Association's CEO's salary is $205,486 and their total compensation is $211,626):
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Official website here: www.texastechalumni.org
Where can I find the form 990 for Texas Tech Alumni Association?
Texas Tech Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texastechalumni.org
Learn more at the official website: www.texastechalumni.org
Mission Statement of Texas Tech Alumni Association
The Texas Tech Alumni Association aims to foster loyalty, tradition, service, and lifelong relationships among its members. Central to its mission is supporting and aiding in the development and enhancement of Texas Tech University. This is achieved through various means, such as:
1. Encouraging and establishing scholarships to support deserving students, thereby promoting educational opportunities.
2. Advancing higher education by engaging in research, literary, and scientific pursuits, thereby broadening the scope of knowledge.
3. Recognizing and honoring alumni who have made significant contributions to the university's welfare.
4. Acting as a public relations advocate for the university, promoting its image and achievements.
5. Maintaining records and statistics on graduates and former students, preserving the university's history and traditions.
6. Publishing an alumni magazine, keeping members informed about university news and achievements.
7. Supporting local alumni groups and other related organizations or faculty, fostering a sense of community among alumni.
8. Encouraging donations to the university, contributing to its growth and development.
In essence, the Texas Tech Alumni Association serves as a catalyst for the university's progress, encouraging support, engagement, and camaraderie among its alumni.
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Impact
July, 2024
The Texas Tech Alumni Association plays a significant role in cultivating loyalty, tradition, service, and lifelong relationships among the alumni of Texas Tech University. By supporting and assisting in the development of the university's facilities, providing funds for ongoing projects, and encouraging donations, the association helps enhance the educational experience for current and future students. Additionally, through scholarships, alumni awards, public relations efforts, and engagement in research and other academic activities, the association contributes to the advancement of higher education and promotes the welfare of the university. Through its various initiatives, the Texas Tech Alumni Association positively impacts the university community and fosters a strong sense of pride and belonging among its graduates.
This information is meant to be a general summary of Texas 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 2022.
- Investment Income: -$168,046
- Program Service Revenue: $70,598
- Gross Receipts: $5,850,919
Assets and Liabilities:
- Total Assets: $17,727,972
- Total Liabilities: $2,259,139
- Net Assets: $15,468,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHSAN MAGAZINE INCOME
Revenue
$70,598
Organization Details
Founding Year
1927
Phone
(806) 742-3641Principal Officer
David Low
Main Address
PO BOX 45001, LUBBOCK, TX, 79409
Website
www.texastechalumni.orgNTEE Category
Code: B84 - Education
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