Rutgers Alumni Association: Nonprofit Profile, Financials & Form 990 (EIN 22-2322725)

Revenue by fiscal year
FY2020	$153K
FY2021	$203K
FY2022	$111K
FY2023	$185K
FY2024	$250K
FY2025	$191K

Expenses by fiscal year
FY2020	$140K
FY2021	$48K
FY2022	$122K
FY2023	$138K
FY2024	$172K
FY2025	$179K

Net assets by fiscal year
FY2020	$3.2M
FY2021	$3.9M
FY2022	$3.2M
FY2023	$3.4M
FY2024	$3.8M
FY2025	$4.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $166K Management & general 7% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Nicole Setzer

President

$0Pt VII · Sec A

Houshang Parsa

Vice President

$0Pt VII · Sec A

Navdeep Tucker

Vice President

$0Pt VII · Sec A

Yash Dalal

Corporate Secretary

$0Pt VII · Sec A

Jeffrey Armus

Treasurer

$0Pt VII · Sec A

Marc Goldstone

President-Elect

$0Pt VII · Sec A

See Rutgers Alumni Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects alumni, supports students, and celebrates the university's achievements.

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Provided by the organization

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3 programs · $166K · in their own filed words · FY2024

01

Other alumni activities- loyal sons & daughters awards dinner, career networking, community service and outreach programs, family day, homecoming and reunion weekends & other activities. These events are held at various times throughout the year.

$138Kprogram expense

02

Grants made to various rutgers university student groups.

$18Kprogram expense

03

Publications- costs associated with printing & mailing "1776" alumni magazine to approximately 6,000 members & friends.

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2023

Bank of America Charitable Foundation INCFY2023$1K

Amazonsmile FoundationFY2023$80

Total grants receivedfrom 2 funders$1K

Grants paid · 6 grants · $95K · 2019–2024

Rutgers the State UniversityNJ · FY2024$17,800

Rutgers the State UniversityNJ · FY2023$20,750

Rutgers the State UniversityNJ · FY2022$17,000

Rutgers the State UniversityNJ · FY2021$17,767

Rutgers the State UniversityNJ · FY2020$5,910

Rutgers the State UniversityNJ · FY2019$15,496

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$191K

Ln 12

Investment incomeLn 3$111K

Fees for servicesLn 2g$44K

Other incomeLn 4–11$32K

Money outPt IX

$179K

Ln 25

Programscol B$166K

Managementcol C$13K

Owns and owesPt X

$4.1M

net assets · Ln 32

Cash and savingsLn 1–2$643K

Total assetsLn 16$4.1M

LiabilitiesLn 26$3K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a61

IndependentVI 1b61

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4K

Fees for servicesLn 2g$44K

Investment incomeLn 3$111K

Other incomeLn 4–11$32K

Total revenueLn 12$191K

Assets in detailPt X, end of year

SavingsLn 2$643K

Cash and savings togetherLn 1–2$643K

InvestmentsLn 11–13$3.4M

Total assetsLn 16$4.1M

LiabilitiesLn 26$3K

Net assetsLn 32$4.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 6100

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$221K	$643K
InvestmentsLn 11–13	$3.5M	$3.4M
Total assetsLn 16	$3.8M	$4.1M
LiabilitiesLn 26	$5K	$3K
Net assetsLn 32	$3.8M	$4.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$18K	$18K
Accounting feesLn 11c	$2K		$2K
Conferences, conventions and meetingsLn 19	$27K	$27K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$108K	$101K	$7K
All other expensesLn 24e	$23K	$19K	$4K
Total functional expensesLn 25	$179K	$166K	$13K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$191K	$179K	$12K	$4.1M	990 PDF
FY2024	$250K	$172K	$78K	$3.8M	990 PDF
FY2023	$185K	$138K	$47K	$3.4M	990 PDF
FY2022	$111K	$122K	−$11K	$3.2M	990 PDF
FY2021	$203K	$48K	$154K	$3.9M	990 PDF
FY2020	$153K	$140K	$13K	$3.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $191,000 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $100$4,075

I-9 Program service revenuePrior year $39,667$44,066

I-10 Investment incomePrior year $106,780$111,170

I-11 Other revenuePrior year $103,288$31,689

I-12 Total revenuePrior year $249,835$191,000

I-13 Grants and similar amounts paidPrior year $20,750$17,800

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $151,012$161,156

I-18 Total expensesPrior year $171,762$178,956

I-19 Revenue less expensesPrior year $78,073$12,044

Part VI · Governance 61 of 61 board members independent, 1 to look at

VI-1a Voting members of the governing body61

VI-1b Independent voting members61

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $191,000 across 6 lines filed

VIII-1f All other contributions, gifts and grants$4,075

VIII-1h Total contributions, gifts and grants$4,075

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,066$44,066

VIII-3 Investment incomeExcluded from tax $111,170$111,170

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,689$31,689

VIII-12 Total revenueRelated to mission $75,755 · Unrelated business $0 · Excluded from tax $111,170$191,000

Part IX · Statement of functional expenses $178,956 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $17,800$17,800

IX-11c Accounting feesManagement $1,704$1,704

IX-19 Conferences, conventions and meetingsPrograms $27,185$27,185

IX-23 InsuranceManagement $1,102$1,102

IX-24 Other expenses (24a–d)Programs $101,480 · Management $6,607$108,087

IX-24e All other expensesPrograms $19,133 · Management $3,945$23,078

IX-25 Total functional expensesPrograms $165,598 · Management $13,358 · Fundraising $0$178,956

Part X · Balance sheet $4,062,868 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $221,254$642,527

X-4 Accounts receivableStart of year $8,216$7,893

X-9 Prepaid expenses and deferred chargesStart of year $300$1,880

X-12 Other securitiesStart of year $3,529,342$3,410,568

X-16 Total assetsStart of year $3,759,113$4,062,868

X-17 Accounts payable and accrued expensesStart of year $4,178$2,389

X-25 Other liabilitiesStart of year $1,027$1,027

X-26 Total liabilitiesStart of year $5,205$3,416

X-27 Net assets without donor restrictionsStart of year $3,753,908$4,059,452

X-32 Total net assets or fund balancesStart of year $3,753,908$4,059,452

X-33 Total liabilities and net assetsStart of year $3,759,113$4,062,868

Part XI · Reconciliation of net assets $4,059,452 net assets at year end

XI-1 Total revenue$191,000

XI-2 Total expenses$178,956

XI-3 Revenue less expenses$12,044

XI-4 Net assets at start of year$3,753,908

XI-5 Net unrealized gains (losses) on investments$293,500

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,059,452

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Rutgers Alumni Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Rutgers Alumni Association

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV