Tarleton Alumni Association EIN 74-6076233 Form 990 (PDF) Claim this org

Tarleton Alumni Association

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Promotes Tarleton State University's programs and initiatives. For fiscal year 2024 it reported $431K in revenue, $158K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Stephenville, TX
Website
www.tarleton.edu/org/alumniassociation
Filings
5 on file (2020–2024)
Revenue
$431KFY2024
Expenses
$158K
Net assets
$1.2M
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-6076233 Public charity (501(c)(3)) Stephenville, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes Tarleton State University's programs and initiatives.
Leadership
Brian Warner · President
Money in and out
$431K revenue, $158K expenses
Bottom line
66% program efficiency
Where the money goes · FY2024
Total revenue
$431K
Pt VIII · Ln 12
Total expenses
$158K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $273K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.25 Fundraising $0.09
Program efficiency
66%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
64.6mo
months of highly liquid reserves at operating expense rate▲ +31% vs prior filing year
Surplus margin
+63%
revenue over expenses, this year▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$431K
FY2024▲ +13%
Expenses
$158K
FY2024▲ +15%
Total assets
$1.2M
FY2024▲ +31%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$431K
Pt VIII · Ln 12
Total expenses
$158K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$273K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTarleton Alumni Association
EINHdr · item D74-6076233
Principal addressHdr · item CStephenville, TX
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B84Z)
Ruling yearIRS BMFSep 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Keeper of Th
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $104K of program spending, described in the organization's own filed words · FY2024.
01

University Support

Continue relationships with former students and friends of the university and provide information on the progress of tarleton state university

$104Kprogram expense
02

Tarleton state university excellence in teaching award and student achievement awards

Pt IX · col B

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Statement of Revenue

Part VIII
Other revenue$227K · 53%
Contributions & grants$176K · 41%
Investment income$17K · 4%
Program service revenue$12K · 3%
Other revenue53%$227K
Contributions & grants41%$176K
Investment income4%$17K
Program service revenue3%$12K
Total revenueLn 12$431K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.25 Fundraising $0.09
Program services66%$104K
Management & general25%$40K
Fundraising9%$14K
Total functional expensesLn 25$158K

Balance Sheet

Part X · end of year
CashLn 1$726K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed55.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $852K · Operating expenses/yr $158K
64.6 months
Where the money goes
Program services
Program services $104K · Total expenses $158K
66%
Management & General
Management & general $40K · Total expenses $158K
25%
Fundraising
Fundraising $14K · Total expenses $158K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $82K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $431K
41%
Government reliance
Government grants — · Total revenue $431K
Earned-income share
Program service revenue $12K · Total revenue $431K
3%
Investment reliance
Investment income $17K · Total revenue $431K
+4%
Program self-sufficiency
Program service revenue $12K · Total expenses $158K
8%
Growth & trend
Revenue growth (YoY)
This year $431K · Prior year $383K
+13%
Revenue CAGR
FY2020 $101K · FY2024 $431K
+44%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $431K · Expenses $158K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $126K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
11%
People & payroll
Highest Reported Total Compensation
Individual Brian Warner · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $158K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $158K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 25%
Fundraising cost ratio 8%
Revenue growth 13%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $42K · 2020–2020
Tarleton State UniversityFY2020$42,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$431K revenue · viewing · ⤓ 990 PDF
FY2023$383K revenue · ⤓ 990 PDF
FY2022$210K revenue · ⤓ 990 PDF
FY2021$151K revenue · ⤓ 990 PDF
FY2020$101K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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