2025-02-17T14:50:27-06:00 2024-06-30 540737372 PBMARES LLP 4801 COURTHOUSE ST SUITE 128 WILLIAMSBURG VA 23188 990 2023-07-01 546054289 THE WILLIAM & MARY ALUMNI ASSOCIATION WILL 7572211907 PO BOX 2100 WILLIAMSBURG VA 23187 MATTHEW BRANDON CEO 7572211842 2025-02-14 1 0 EDWARD T YODER CPA P00239134 7572297180 2025-02-14 X 2023 2025-03-06 01:10:19Z PO BOX 2100 WILLIAMSBURG VA 23187 2776220 0 X WWW.WMALUMNI.COM X 1923 VA TO SUPPORT WILLIAM & MARY AND ITS ALUMNI THROUGH ENGAGEMENT ACTIVITIES AND SERVICES 23 23 0 160 150180 134426 450284 352360 473513 395000 156183 513339 330826 407598 1410806 1668297 46000 38000 0 0 0 0 0 0 14228 1649236 1429002 1695236 1467002 -284430 201295 18584705 20242950 179006 216343 18405699 20026607 THE MISSION OF THE ALUMNI ASSOCIATION IS TO CULTIVATE A VIBRANT AND INCLUSIVE ALUMNI COMMUNITY COMMITTED TO DEEPENING CONNECTIONS WITH EACH OTHER AND WILLIAM & MARY FOR ALL TIME COMING. 0 0 1225339 543064 ALUMNI RELATIONS - BRINGS FELLOW ALUMNI BACK TOGETHER WITH THEIR ALMA MATER IN FAMILIAR AND NEW SPACES TO RECONNECT, GENERATE IMPACT AND CELEBRATE EACH OTHER. ALUMNI ADMISSION AND LEGACY OUTREACH SPOUSES, PARENTS, CHILDREN AND SIBLINGS SHARE A COMMON IDENTITY THROUGH THE TRIBE AND THE ALUMNI ASSOCIATION WORKS TO FOSTER THESE CONNECTIONS AND HONOR THE POWER OF LEGACY NETWORKS. 67931 AWARDS AND HONORS - ACTIVELY RECOGNIZING OUTSTANDING AND DEDICATED ALUMNI, FACULTY, COACHES AND STUDENTS THROUGH ROBUST AWARDS PROGRAMS THAT RECOGNIZE THE BEST OF THE BEST IN PERPETUITY. 38000 38000 ORDER OF THE WHITE JACKET - PROVIDED 10 ANNUAL SCHOLARSHIPS FOR STUDENTS AT THE UNIVERSITY WORKING IN THE FOOD SERVICE INDUSTRY. THESE SCHOLARSHIPS ARE FUNDED THROUGH A SPECIAL ENDOWMENT. 1331270 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 0 0 AL AK AZ AR CA CT DC GA HI VA WA WV WI ME MD MA MI MN MS MO NH IL LA OH OR PA RI SC TN UT NJ NM NY NC KS KY ND X X THE ORGANIZATION 7572211201 PO BOX 2100 WILLIAMSBURG VA 23187 TINA REYNOLDS KENNY PRESIDENT 6.00 0.00 X X 0 0 0 ANNA DINWIDDIE HATFIELD IMMEDIATE PAST PRESIDENT 1.00 0.00 X X 0 0 0 BRIAN JOSPEH FOCARINO VICE PRESIDENT 2.00 0.00 X X 0 0 0 KIRSTEN SHIROMA QUACKENBUSH SECRETARY 2.00 0.00 X X 0 0 0 CHASE T JORDAN TREASURER 2.00 0.00 X X 0 0 0 JAMES H AMBROSE MEMBER 1.00 0.00 X 0 0 0 JEAN MARIE BENTLEY MEMBER 1.00 0.00 X 0 0 0 GEORGE E CRUSER MEMBER 1.00 0.00 X 0 0 0 JEAN BERGER ESTES MEMBER 1.00 0.00 X 0 0 0 WILLIS HAYES GEE JR MEMBER 1.00 0.00 X 0 0 0 ALICE GRACE GIVENS MEMBER 1.00 0.00 X 0 0 0 GLENMORE HINES HARDING MEMBER 1.00 0.00 X 0 0 0 GERALD A JEUTTER JR MEMBER 1.00 0.00 X 0 0 0 BARBARA J MARCHBANK MEMBER 1.00 0.00 X 0 0 0 HAROLD G MARTIN MEMBER 1.00 0.00 X 0 0 0 GRACE A MARTINI MEMBER 1.00 0.00 X 0 0 0 NATASHA T MOULTON-LEVY MEMBER 1.00 0.00 X 0 0 0 FRED W PALMORE III MEMBER 1.00 0.00 X 0 0 0 CHRISTIA V REY MEMBER 1.00 0.00 X 0 0 0 WILLIAM R SCHERMERHORN MEMBER 1.00 0.00 X 0 0 0 JOHN COLE SCOTT MEMBER 1.00 0.00 X 0 0 0 HODAN C SEAGER MEMBER 1.00 0.00 X 0 0 0 UMESH KUMAR TRIKHA MEMBER (1/23-9/23) 1.00 0.00 X 0 0 0 JOHN D WINDT MEMBER 1.00 0.00 X 0 0 0 MATTHEW L BRANDON CHIEF EXECUTIVE OFFICER 40.00 20.00 X 0 208523 33218 KATHLEEN S REDDING CHIEF OPERATING OFFICER 40.00 20.00 X 0 40350 5492 VALERIE CUSHMAN SENIOR DIRECTOR, ALUMNI ENGAGEMENT 40.00 30.00 X 0 161596 17712 KELLY HOLDCRAFT SENIOR DIRECTOR, ALUMNI SUCCESS 40.00 30.00 X 0 115646 28704 0 526115 85126 0 0 1 0 WILLIAMSBURG OCCASIONS LLC THE CATERIN 108 INGRAM ROAD STE 18 WILLIAMSBURG VA 23188 CATERING 268956 KIMBERLY ASHLEE CATERING LLC 213 BON AIR AVENUE PO BOX 59431 PITTSBURGH PA 15210 CATERING 143634 2 352360 352360 ALUMNI PROGRAM REVENUE 611710 395000 395000 395000 475856 475856 30403 30403 78951 0 78951 78951 78951 1123948 1086465 37483 37483 37483 169522 21458 148064 148064 TRAVEL PROGRAM 561520 150180 150180 150180 1668297 543064 150180 622693 X 38000 38000 29675 29675 40791 35061 5730 498922 473101 25809 12 12237 12237 108072 96566 164 11342 43730 43730 48138 12702 32562 2874 12541 12541 31813 26897 4916 UNRELATED BUSINESS INCO 36371 25809 10562 ALUMNI EVENT EXPENSE 448242 437365 10877 AWARDS 64128 62919 1209 SERVICE EXPENSES 23383 23383 30959 30959 1467002 1331270 121504 14228 530720 292351 308 308 25687 88853 114580 281635 23417 18981 8700 0 795389 705444 102486 89945 11535650 12939586 6243157 6531291 18584705 20242950 87801 175281 77927 36092 13278 4970 179006 216343 X 13140387 14500016 5265312 5526591 18405699 20026607 18584705 20242950 201295 1419613 0 X X 0 1 X 1 0 X 514583 350228 471081 450284 352360 2138536 514583 350228 471081 450284 352360 2138536 2138536 533613 438308 903243 614760 585210 3075134 83673 9544 91985 115588 135426 436216 12710 47 311 2310 15378 5665264 1939897 0.37750 0.48310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6243157 4497 488224 204487 6531391 6077903 4522 370973 210241 6243157 6449376 132361 -246461 257373 6077903 4901669 6497 1679927 138717 6449376 5094329 122717 -115893 199484 4901669 0.26120 0.34140 0.39740 0 1 1 378914 356773 22141 71639 62787 8852 344836 285884 58952 89945 ENDOWMENT FUNDS HELD BY OTHERS 6531291 F 6531291 OTHER LIABILITIES 4970 4970 X 3147564 1419613 83046 21458 1524117 1623447 44850 44850 1668297 1526656 83046 21458 104504 1422152 44850 44850 1467002 PART V, LINE 4: TO SUPPORT THE MISSION AND PROGRAMS OF THE ALUMNI ASSOCIATION PART X, LINE 2: THE ALUMNI ASSOCIATION IS A NONSTOCK CORPORATION THAT HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM TAXES ON INCOME DERIVED FROM ACTIVITIES RELATED TO ITS TAX-EXEMPT PURPOSE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN ACTIVITIES OF THE ALUMNI ASSOCIATION ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME TAXES DUE WERE $29,167 AND $26,947 AT JUNE 30, 2024 AND 2023, RESPECTIVELY. FASB ASC TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ALUMNI ASSOCIATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THE STANDARD TO ITS FINANCIAL STATEMENTS. THE ALUMNI ASSOCIATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. THE ALUMNI ASSOCIATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN MANAGEMENT FEES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND SALES TAXES 21,458. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 40,791. PLEDGES EXPENSED ON FINANCIAL STATEMENTS 4,059. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND SALES TAXES 21,458. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 40,791. PLEDGES EXPENSED 4,059. 0 ORDER OF THE WHITE JACKET SCHOLARSHIPS 10 38000 0 0 0 0 0 0 0 0 0 MATTHEW L BRANDON CHIEF EXECUTIVE OFFICER 0 208523 0 0 0 0 0 4514 0 28704 0 241741 0 0 VALERIE CUSHMAN SENIOR DIRECTOR, ALUMNI ENGAGEMENT 0 161596 0 0 0 0 0 0 0 17712 0 179308 0 0 FORM 990, SCHEDULE J, PART I THE ASSOCIATION DOES NOT HAVE COMPENSATION AND EMPLOYEE BENEFIT PRACTICES FOR DISCLOSURE IN PART I AS THEY DO NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY WILLIAM & MARY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION. THE ASSOCIATION THEN REIMBURSES WILLIAM & MARY IN PART FOR THE COMPENSATION AND EMPLOYEE BENEFIT COSTS. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION COUNTS ALL ALUMNI AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION CAST A BALLOT FOR ALL PERSONS ACCEPTED FOR NOMINATION TO THE GOVERNING BODY UPON THEIR CONSENT TO BE PLACED ON THE BALLOT. FORM 990, PART VI, SECTION A, LINE 7B CHANGES IN GOVERNANCE AFFECTING ASSOCIATION MEMBERSHIP, NOMINATIONS AND ELECTIONS, DISSOLUTION, OR PURPOSES OF THE ASSOCIATION MAY ONLY BE AMENDED BY MEMBERSHIP VOTE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE MEMBERS OF THE BOARD FOR THEIR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT BOARD OF DIRECTORS MEETINGS, MEMBERS ARE REMINDED OF THE ORGANIZATION'S POLICY AND ALL MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST/COMPLIANCE/DISCLOSURE STATEMENT ANNUALLY. PER ORGANIZATION'S BYLAWS, MEMBERS ARE PROHIBITED FROM VOTING ON A MATTER WHERE THE MEMBER HAS A CONFLICT OF INTEREST. ANY QUESTIONABLE INTERESTS ARE COMMUNICATED, DOCUMENTED AND VOTED ON AT THE MEETING IN WHICH THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF ALL MPLOYEES IS APPROVED BY WILLIAM & MARY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, TAX DOCUMENTS AND FINANCIALS ARE PROVIDED ON THE ALUMNI ASSOCIATION'S WEBSITE. CONFLICT OF INTEREST REQUIREMENT IS IN BYLAWS AVAILABLE ON WEBSITE; COI POLICY IS IN INTERNAL DEPARTMENTAL SHARE POLICY DOCUMENTS FOR BOARD MEMBERS AND EMPLOYEES. FORM 990, PART IX, LINE 11G STEWARDSHIP EXPENSES: PROGRAM SERVICE EXPENSES 9,625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,625. EVENT SERVICES: PROGRAM SERVICE EXPENSES 461,916. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 461,916. FEES: PROGRAM SERVICE EXPENSES 1,560. MANAGEMENT AND GENERAL EXPENSES 25,809. FUNDRAISING EXPENSES 12. TOTAL EXPENSES 27,381. FORM 990, PART XIII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS INCLUDES A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE INDEPENDENT AUDIT. FORM 990, SCHEDULE J, PART I THE ASSOCIATION DOES NOT HAVE COMPENSATION AND EMPLOYEE BENEFIT PRACTICES FOR DISCLOSURE IN PART I OF SCHEDULE J AS THEY DO NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY THE THE COLLEGE OF WILLIAM AND MARY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION.