LSU Alumni Association

Tax-deductible

Baton Rouge, LA501(c)(3)Since 1959EIN 72-6027430Revenue $6.5M in FY2024

On file with the IRSlsualumni.org3838 W Lakeshore Dr, 70808-4600 · Baton Rouge, LATax-exempt since Sep 1960College/university support org — 170(b)(1)(A)(iv)

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The mission is to protect, promote, and foster the welfare of louisiana state university and to create and nurture mutually beneficial relationships between the university and its Alumni and friends. The Association, using the talents and resources of Alumni and friends of the university, supports the university in pursuit of excellence in teaching, research, and public service to future and current Alumni.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$606K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $225K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$606K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $268K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$793K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
+79% vs prior year
Spent
$5.8M
To programs
48%
Net assets
$41.3M
By yearFY2020–FY2024
Revenue
$6.5M
FY2024▲ +79%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$6.3M
FY2022$3.6M
FY2023$3.6M
FY2024$6.5M
Expenses
$5.8M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$4.4M
FY2022$4.9M
FY2023$5.0M
FY2024$5.8M
Net assets
$41.3M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$42.1M
FY2021$44.3M
FY2022$38.6M
FY2023$39.7M
FY2024$41.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1960.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $2.8M Management & general 24% · $1.4M Fundraising 28% · $1.6M

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

24 people listed on the 990; $606K paid to officers and key staff.

Part VII, Section A · reportable compensation
$244,169Pt VII · Sec A
Senior Vice President
$148,271Pt VII · Sec A
$129,189Pt VII · Sec A
$84,584Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Carvalhido$244,169————
Gordon Monk——$243,600$202,500$126,717
Joseph Carvalhido 117-1231—$190,080———
Landon Jordan—$137,170$154,192$130,355$158,179
Amy Parrino$148,271$136,950$122,003—$143,770
Joseph M Carvalhido——$145,341——
Shannon McConnell$129,189————
Tammy Abshire————$104,142

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See LSU 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 15aYes

Programs and updates

Supports LSU's excellence in teaching, research, and service through alumni and friend engagement.

Questions for LSU Alumni Association

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Provided by the organization

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2 programs · $2.8M · in their own filed words · FY2024
01

Activities and events for the purpose of building a support base through the alumni association to serve students, faculty, departments and friends of the university.

$1.6Mprogram expense
02

The association established endowments to permanently fund scholarships and professorships.

$1.1Mprogram 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 · FY2024
See all 9 funders →
Grants paid · 12 grants · $5.0M · 2020–2024
Unitemized GrantFY2024$779,236
Unitemized GrantFY2024$209,877
Unitemized GrantFY2023$808,779
Unitemized GrantFY2023$217,477
Unitemized GrantFY2022$739,575
Unitemized GrantFY2022$217,903
Unitemized GrantFY2021$738,875
Unitemized GrantFY2021$232,732
Unitemized GrantFY2020$679,600
Unitemized GrantFY2020$231,036

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$1.5M
Money outPt IX
$5.8M
Ln 25
Programscol B$2.8M
Managementcol C$1.4M
Fundraisingcol D$1.6M
Owns and owesPt X
$41.3M
net assets · Ln 32
Cash and savingsLn 1–2$523K
Total assetsLn 16$42.1M
LiabilitiesLn 26$793K
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fundraising eventsLn 1c$109K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$812K
Gains on assetsLn 7$803K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$523K
Cash and savings togetherLn 1–2$523K
InvestmentsLn 11–13$29.9M
Land, buildings, equipmentLn 10c$8.6M
Other assetsLn 15$2.4M
Total assetsLn 16$42.1M
LiabilitiesLn 26$793K
Net assetsLn 32$41.3M
OperationsPt I, VI
EmployeesI 573
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$267K$523K
InvestmentsLn 11–13$28.7M$29.9M
Land, buildings, equipmentLn 10c$8.9M$8.6M
Total assetsLn 16$40.6M$42.1M
LiabilitiesLn 26$866K$793K
Net assetsLn 32$39.7M$41.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$989K$989K
Pay of current officers, directors and key staffLn 5$652K$391K$163K$98K
Other salaries and wagesLn 7$929K$557K$232K$139K
Pension plan contributionsLn 8$62K$37K$16K$9K
Other employee benefitsLn 9$47K$28K$12K$7K
Payroll taxesLn 10$201K$121K$50K$30K
Accounting feesLn 11c$65K$55K$10K
Investment management feesLn 11f$144K$122K$22K
Advertising and promotionLn 12$80K$80K
Office expensesLn 13$926K$15K$856K$55K
OccupancyLn 16$10K$10K
TravelLn 17$475K$475K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$141K$120K$21K
InsuranceLn 23$151K$129K$23K
Other expenses (24a–d)Ln 24$894K$192K$1K$700K
Total functional expensesLn 25$5.8M$2.8M$1.4M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.5M$5.8M$733K$41.3M 990 PDF
FY2023 $3.6M$5.0M−$1.4M$39.7M 990 PDF
FY2022 $3.6M$4.9M−$1.4M$38.6M 990 PDF
FY2021 $6.3M$4.4M$1.9M$44.3M 990 PDF
FY2020 $3.8M$4.8M−$1.0M$42.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $6,511,588 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,827,148$2,430,349
I-9 Program service revenuePrior year $456,379$1,749,934
I-10 Investment incomePrior year $366,209$1,519,043
I-11 Other revenuePrior year $978,961$812,262
I-12 Total revenuePrior year $3,628,697$6,511,588
I-13 Grants and similar amounts paidPrior year $1,038,103$1,000,792
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,048,843$1,891,527
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,957,950$2,886,420
I-18 Total expensesPrior year $5,044,896$5,778,739
I-19 Revenue less expensesPrior year −$1,416,199$732,849
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,511,588 across 11 lines filed
VIII-1c Fundraising events$108,811
VIII-1f All other contributions, gifts and grants$2,321,538
VIII-1h Total contributions, gifts and grants$2,430,349
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,749,934$1,749,934
VIII-3 Investment incomeExcluded from tax $715,630$715,630
VIII-5 RoyaltiesExcluded from tax $167,584$167,584
VIII-6 Net rental income or lossExcluded from tax $461,723$461,723
VIII-7 Net gain or loss on sales of assetsExcluded from tax $803,413$803,413
VIII-8 Net income from fundraising eventsExcluded from tax −$27,045−$27,045
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $210,000$210,000
VIII-12 Total revenueRelated to mission $1,749,934 · Unrelated business $210,000 · Excluded from tax $2,121,305$6,511,588
Part IX · Statement of functional expenses $5,778,739 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $11,679$11,679
IX-2 Grants to domestic individualsPrograms $989,113$989,113
IX-5 Pay of current officers, directors and key staffPrograms $391,450 · Management $163,105 · Fundraising $97,863$652,418
IX-7 Other salaries and wagesPrograms $557,220 · Management $232,175 · Fundraising $139,305$928,700
IX-8 Pension plan contributionsPrograms $37,335 · Management $15,557 · Fundraising $9,334$62,226
IX-9 Other employee benefitsPrograms $28,038 · Management $11,683 · Fundraising $7,010$46,731
IX-10 Payroll taxesPrograms $120,871 · Management $50,363 · Fundraising $30,218$201,452
IX-11c Accounting feesPrograms $55,122 · Management $9,728$64,850
IX-11f Investment management feesPrograms $122,037 · Management $21,536$143,573
IX-12 Advertising and promotionFundraising $79,937$79,937
IX-13 Office expensesPrograms $15,313 · Management $856,087 · Fundraising $54,765$926,165
IX-16 OccupancyManagement $9,889$9,889
IX-17 TravelFundraising $474,925$474,925
IX-20 InterestPrograms $1,088$1,088
IX-22 Depreciation, depletion and amortizationPrograms $119,710 · Management $21,125$140,835
IX-23 InsurancePrograms $128,630 · Management $22,699$151,329
IX-24 Other expenses (24a–d)Programs $192,358 · Management $1,380 · Fundraising $700,091$893,829
IX-25 Total functional expensesPrograms $2,769,964 · Management $1,415,327 · Fundraising $1,593,448$5,778,739
Part X · Balance sheet $42,117,569 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $266,590$522,979
X-3 Pledges and grants receivableStart of year $560,306$402,857
X-4 Accounts receivableStart of year $252,550$138,352
X-9 Prepaid expenses and deferred chargesStart of year $162,724$106,396
X-10c Land, buildings and equipment, netStart of year $8,900,231$8,614,788
X-11 Publicly traded securitiesStart of year $26,306,768$28,243,426
X-12 Other securitiesStart of year $2,369,887$1,613,512
X-14 Intangible assetsStart of year $27,593$27,593
X-15 Other assetsStart of year $1,765,295$2,447,666
X-16 Total assetsStart of year $40,611,944$42,117,569
X-17 Accounts payable and accrued expensesStart of year $810,682$749,707
X-19 Deferred revenueStart of year $29,513$25,882
X-25 Other liabilitiesStart of year $26,270$17,410
X-26 Total liabilitiesStart of year $866,465$792,999
X-27 Net assets without donor restrictionsStart of year $17,153,008$16,895,969
X-28 Net assets with donor restrictionsStart of year $22,592,471$24,428,601
X-32 Total net assets or fund balancesStart of year $39,745,479$41,324,570
X-33 Total liabilities and net assetsStart of year $40,611,944$42,117,569
Part XI · Reconciliation of net assets $41,324,570 net assets at year end
XI-1 Total revenue$6,511,588
XI-2 Total expenses$5,778,739
XI-3 Revenue less expenses$732,849
XI-4 Net assets at start of year$39,745,479
XI-5 Net unrealized gains (losses) on investments$846,242
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,324,570

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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