THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF RHODE ISLAND

EIN: 056015936 501(c)(3)

KINGSTON, RI

Total Revenue
$4,071,674
Total Expenses
$4,252,795
Total Assets
$7,769,978
Net Assets
$7,303,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
RI
Principal Officer
MICHELE NOTA
Phone
4018742242
Tax Period
2017-07-01 to 2018-06-30

THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF RHODE ISLAND, founded in 1932, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE UNIVERSITY OF RHODE ISLAND ALUMNI ASSOCIATION INFORMS AND ENGAGES CURRENT AND FUTURE ALUMNI AS COMMITTED PARTNERS OF THE UNIVERSITY, ITS MISSIONS AND TRADITIONS.

Program Service Accomplishments

Program 1
Expenses: $2,111,721 Revenue: $123,029

THE ALUMNI ASSOCIATION PROMOTES THE UNIVERSITY'S PRESENCE, MAINTAINS CONTACT WITH ALUMNI AND STUDENTS, AND ENCOURAGES PRIDE AND AWARENESS OF THE UNIVERSITY'S ROLE IN THE COMMUNITY AND THE GOALS OF...

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THE ALUMNI ASSOCIATION PROMOTES THE UNIVERSITY'S PRESENCE, MAINTAINS CONTACT WITH ALUMNI AND STUDENTS, AND ENCOURAGES PRIDE AND AWARENESS OF THE UNIVERSITY'S ROLE IN THE COMMUNITY AND THE GOALS OF HIGHER EDUCATION. IT AIMS TO SERVICE ALL ALUMNI AND STUDENTS GLOBALLY BY:1. PROVIDING ENRICHING EVENTS THROUGH AFFINITY AND REGIONAL CHAPTERS THROUGHOUT THE WORLD2. PROVIDING ALUMNI FEATURED SPEAKING EVENTS THROUGHOUT THE COUNTRY3. PROVIDING CAREER NETWORKING AND DEVELOPMENT TO STUDENTS AND ALUMNI4. AWARDING UNRESTRICTED SCHOLARSHIPS TO STUDENTS5. PROVIDING GRANTS TO FACULTY AND UNIVERSITY DEPARTMENTS

Program 2
Expenses: $1,903,357 Revenue: $348,422

THE MISSION OF THE DEPARTMENT OF ATHLETICS IS TO PROVIDE EXPERIENCES THAT ARE CONSISTENT WITH THE MISSION OF THE UNIVERSITY OF RHODE ISLAND AND THE NCAA DIVISION I PHILOSOPHY. THE DEPARTMENT PROVIDES...

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THE MISSION OF THE DEPARTMENT OF ATHLETICS IS TO PROVIDE EXPERIENCES THAT ARE CONSISTENT WITH THE MISSION OF THE UNIVERSITY OF RHODE ISLAND AND THE NCAA DIVISION I PHILOSOPHY. THE DEPARTMENT PROVIDES OPPORTUNITIES FOR STUDENTS AND THE LARGER COMMUNITY THAT ENCOURAGES THE PURSUIT OF LIFETIME ACTIVITIES, COMMITMENT, TEAMWORK, COMPETITIVE SUCCESS, THE DEVELOPMENT OF PERSONAL CHARACTER, AND LEADERSHIP SKILLS. WE MAINTAIN AN ENVIRONMENT THAT VALUES INTEGRITY, DIVERSITY, GENDER EQUALITY, HIGH ACADEMIC ACHIEVEMENT, AND SOUND FISCAL MANAGEMENT. ATHLETICS STRIVES TO PROVIDE HIGH QUALITY FACILITIES AND PROGRAMS THAT CULTIVATE AN EXCITING ENVIRONMENT FOR THE UNIVERSITY AND THE COMMUNITY.

Program 3
Expenses: $69,846 Revenue: $94,135

THE ALUMNI ASSOCIATION PROVIDES SUPPORT FOR ALUMNI AND STUDENT PROGRAMMING BY PROMOTING AN ALL INCLUSIVE MEMBERSHIP PROGRAM IN AN EFFORT TO BUILD PRIDE AND AWARENESS FOR BOTH ALUMNI AND STUDENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $2,699,692
Program Service Revenue $565,586
Investment Income $619,730
Other Revenue $186,666
TOTAL REVENUE $4,071,674

Expense Breakdown

Grants Paid $880,348
Salaries & Benefits $877,011
Fundraising Expenses $0
Program Expenses $4,084,924
Other Expenses $2,495,436
TOTAL EXPENSES $4,252,795

Year-over-Year Comparison

2017 2016 Change
Revenue $4,071,674 $3,593,721 +0.1%
Expenses $4,252,795 $4,229,423 +0.0%
Net Income $-181,121 $-635,702 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
23
Employees
28
Volunteers
440

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$248,917
Total Directors
24
$155,603
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL LOWNEY PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHLEEN O'DONNELL-WHITE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
COLLEEN GOUVEIA MOULTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE FRAZIER TREASURER 2.00
Officer Director
$0 $0 $0
TOM SHEVLIN COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
LAUREL L BOWERMAN COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
MATT FINAN COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
JORDAN D KANTER COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
MACKENZIE DEVITE COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
SULINA MOHANTY COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
JOHN J PALUMBO COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
JOE PENZA COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
PERRY A RASO COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
KAREN E REGINE COUNCILOR-AT-LARGE 2.00
Director
$0 $0 $0
EWA DZWIERZYNSKI COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
NANCY FERRARA COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
MARIANNE GATTINELLA COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
KAITLIN LAMBERT DONAHUE COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
TONY RAFANELLI COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
JIM MARQUES COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
MARCIA COSTELLO COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
SILIFAT LAITAN MUSTAPHA COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
VERONICA M BEROUNSKY COLLEGE REPRESENTATIVE 2.00
Director
$0 $0 $0
MICHELE NOTA SECRETARY/EXECUTIVE DIRECT 40.00
Officer Director
$2,660 $29,636 $155,603
CATHERINE HANDRAHAN ASSISTANT DIRECTOR FINANCE 35.00
Officer
$0 $25,857 $93,314
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $4,071,674 $4,252,795 $7,769,978 $-181,121
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