LSU Alumni Association FY2020 filing

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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.
53¢ of each $1 spent went to programs.
$533K 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

FY2020 · 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
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$533K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $28.5M in investments, Pt X · Ln 11–13
Looks good: 4.0 months of spending in cash; 3 or more.
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
$727K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
Spent
$4.8M
To programs
53%
Net assets
$42.1M
By yearFY2020–FY2024
Revenue
$3.8M
FY2020
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
$4.8M
FY2020
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
$42.1M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

53 cents of each dollar spent went to programs.

Program services 53% · $2.6M Management & general 27% · $1.3M Fundraising 20% · $946K

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

26 people listed on the 990; $533K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$158,179Pt VII · Sec A
Senior Vice President
$143,770Pt VII · Sec A
President
$126,717Pt VII · Sec A
Vice President of Advancement
$104,142Pt 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 →

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.

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2 programs · $2.6M · in their own filed words · FY2020
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.

$1.4Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$535K
Money outPt IX
$4.8M
Ln 25
Programscol B$2.6M
Managementcol C$1.3M
Fundraisingcol D$946K
Owns and owesPt X
$42.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$42.8M
LiabilitiesLn 26$727K
PeoplePt VI, VII
26
listed · VII A
PaidVII A4
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Noncash giftsLn 1g$36K
Fees for servicesLn 2g$214K
Investment incomeLn 3$1.2M
Other incomeLn 4–11$535K
Gains on assetsLn 7$153K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$368K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$28.5M
Land, buildings, equipmentLn 10c$10.1M
Other assetsLn 15$1.7M
Total assetsLn 16$42.8M
LiabilitiesLn 26$727K
Net assetsLn 32$42.1M
OperationsPt I, VI
EmployeesI 573
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$36K
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$27.5M$25.5M$21.6M$23.4M$22.4M
Given inLn 1b$780K$1.3M$1.5M$1.0M$1.6M
SpentLn 1d–1f$1.9M$1.2M$1.7M$3.9M$2.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.4M$1.6M
InvestmentsLn 11–13$25.2M$28.5M
Land, buildings, equipmentLn 10c$10.7M$10.1M
Total assetsLn 16$41.8M$42.8M
LiabilitiesLn 26$832K$727K
Net assetsLn 32$41.0M$42.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$77K$77K
Grants to domestic individualsLn 2$911K$911K
Pay of current officers, directors and key staffLn 5$635K$490K$75K$69K
Other salaries and wagesLn 7$1.3M$911K$196K$180K
Pension plan contributionsLn 8$18K$13K$3K$2K
Other employee benefitsLn 9$36K$26K$5K$5K
Payroll taxesLn 10$158K$115K$22K$20K
Accounting feesLn 11c$88K$88K
Investment management feesLn 11f$148K$148K
Advertising and promotionLn 12$39K$39K
Office expensesLn 13$672K$19K$503K$150K
OccupancyLn 16$65K$65K
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$60K$5K$55K
Depreciation, depletion and amortizationLn 22$136K$136K
InsuranceLn 23$83K$83K
Other expenses (24a–d)Ln 24$411K$368$411K
Total functional expensesLn 25$4.8M$2.6M$1.3M$946K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 8, 2025 $6.5M$5.8M$733K$41.3M 990 PDF
FY2023Filed with the IRS Jun 18, 2024 $3.6M$5.0M−$1.4M$39.7M 990 PDF
FY2022 $3.6M$4.9M−$1.4M$38.6M 990 PDF
FY2021Filed with the IRS Sep 12, 2022 $6.3M$4.4M$1.9M$44.3M 990 PDF
FY2020 ViewingFiled with the IRS Jul 22, 2021 $3.8M$4.8M−$1.0M$42.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,814,637 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,259,248$1,863,942
I-9 Program service revenuePrior year $377,179$213,970
I-10 Investment incomePrior year $1,095,610$1,201,508
I-11 Other revenuePrior year $1,272,408$535,217
I-12 Total revenuePrior year $7,004,445$3,814,637
I-13 Grants and similar amounts paidPrior year $1,048,114$988,034
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,424,898$2,133,515
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,273,786$1,716,160
I-18 Total expensesPrior year $5,746,798$4,837,709
I-19 Revenue less expensesPrior year $1,257,647−$1,023,072
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $3,814,637 across 10 lines filed
VIII-1f All other contributions, gifts and grants$1,863,942
VIII-1g Noncash contributions (included above)$35,675
VIII-1h Total contributions, gifts and grants$1,863,942
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $213,970$213,970
VIII-3 Investment incomeExcluded from tax $1,048,032$1,048,032
VIII-5 RoyaltiesExcluded from tax $349,348$349,348
VIII-6 Net rental income or lossExcluded from tax $80,869$80,869
VIII-7 Net gain or loss on sales of assetsExcluded from tax $153,476$153,476
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $105,000$105,000
VIII-12 Total revenueRelated to mission $213,970 · Unrelated business $105,000 · Excluded from tax $1,631,725$3,814,637
Part IX · Statement of functional expenses $4,837,709 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $77,398$77,398
IX-2 Grants to domestic individualsPrograms $910,636$910,636
IX-5 Pay of current officers, directors and key staffPrograms $490,386 · Management $75,468 · Fundraising $69,482$635,336
IX-7 Other salaries and wagesPrograms $910,520 · Management $195,948 · Fundraising $180,405$1,286,873
IX-8 Pension plan contributionsPrograms $13,225 · Management $2,562 · Fundraising $2,359$18,146
IX-9 Other employee benefitsPrograms $25,976 · Management $5,032 · Fundraising $4,633$35,641
IX-10 Payroll taxesPrograms $114,800 · Management $22,242 · Fundraising $20,477$157,519
IX-11c Accounting feesManagement $87,800$87,800
IX-11f Investment management feesManagement $147,679$147,679
IX-12 Advertising and promotionFundraising $39,471$39,471
IX-13 Office expensesPrograms $19,205 · Management $502,704 · Fundraising $150,095$672,004
IX-16 OccupancyManagement $64,898$64,898
IX-17 TravelFundraising $12,786$12,786
IX-19 Conferences, conventions and meetingsManagement $5,159 · Fundraising $55,267$60,426
IX-22 Depreciation, depletion and amortizationManagement $136,476$136,476
IX-23 InsuranceManagement $83,419$83,419
IX-24 Other expenses (24a–d)Management $368 · Fundraising $410,833$411,201
IX-25 Total functional expensesPrograms $2,562,146 · Management $1,329,755 · Fundraising $945,808$4,837,709
Part X · Balance sheet $42,813,688 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,907,142$368,343
X-2 Savings and temporary cash investmentsStart of year $1,525,093$1,231,671
X-3 Pledges and grants receivableStart of year $797,115$670,588
X-4 Accounts receivableStart of year $326,678$298,361
X-9 Prepaid expenses and deferred chargesStart of year $135,748$44,726
X-10c Land, buildings and equipment, netStart of year $10,667,058$10,058,295
X-11 Publicly traded securitiesStart of year $22,848,144$26,120,205
X-12 Other securitiesStart of year $2,369,887$2,369,887
X-15 Other assetsStart of year $1,252,942$1,651,612
X-16 Total assetsStart of year $41,829,807$42,813,688
X-17 Accounts payable and accrued expensesStart of year $684,392$598,626
X-19 Deferred revenueStart of year $147,293$128,275
X-26 Total liabilitiesStart of year $831,685$726,901
X-27 Net assets without donor restrictionsStart of year $17,660,665$18,141,093
X-28 Net assets with donor restrictionsStart of year $23,337,457$23,945,694
X-32 Total net assets or fund balancesStart of year $40,998,122$42,086,787
X-33 Total liabilities and net assetsStart of year $41,829,807$42,813,688
Part XI · Reconciliation of net assets $42,086,787 net assets at year end
XI-1 Total revenue$3,814,637
XI-2 Total expenses$4,837,709
XI-3 Revenue less expenses−$1,023,072
XI-4 Net assets at start of year$40,998,122
XI-5 Net unrealized gains (losses) on investments$2,111,738
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$42,086,787

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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