2024-04-16T12:55:23-05:00 2023-06-30 540737372 PBMARES LLP 4801 COURTHOUSE ST SUITE 128 WILLIAMSBURG VA 23188 990 2022-07-01 546054289 THE WILLIAM & MARY ALUMNI ASSOCIATION WILL 7572211907 PO BOX 2100 WILLIAMSBURG VA 23187 MATTHEW BRANDON CEO 7572211842 2024-02-15 1 MATTHEW BRANDON 999009999 0 EDWARD T YODER CPA P00239134 7572297180 2024-02-15 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PO BOX 2100 WILLIAMSBURG VA 23187 2921838 0 X WWW.WMALUMNI.COM X 1923 VA TO SUPPORT WILLIAM & MARY AND ITS ALUMNI THROUGH ENGAGEMENT ACTIVITIES AND SERVICES 25 24 0 160 131733 114588 471081 450284 313554 473513 924546 156183 258093 330826 1967274 1410806 48997 46000 0 0 0 0 0 0 28212 1384852 1649236 1433849 1695236 533425 -284430 17614016 18584705 135807 179006 17478209 18405699 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 1376907 555820 SIGNATURE EVENTS - WHICH 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. 101521 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. 46000 46000 ORDER OF THE WHITE JACKET - PROVIDED 14 ANNUAL SCHOLARSHIPS FOR STUDENTS AT THE UNIVERSITY WORKING IN THE FOOD SERVICE INDUSTRY. THESE SCHOLARSHIPS ARE FUNDED THROUGH A SPECIAL ENDOWMENT. 1524428 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 37 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 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 ABBEY PEMBERTON 7572211201 PO BOX 2100 WILLIAMSBURG VA 23187 ANNA DINWIDDIE HATFIELD PRESIDENT 6.00 0.00 X X 0 0 0 CARLA S MORELAND IMMEDIATE PAST PRESIDENT 1.00 0.00 X X 0 0 0 JANET MCNULTY OSBORN VICE PRESIDENT 2.00 0.00 X X 0 0 0 DAVID T SCOTT SECRETARY 2.00 0.00 X X 0 0 0 JOHN COLE SCOTT TREASURER 2.00 0.00 X X 0 0 0 JAMES H AMBROSE MEMBER 1.00 0.00 X X 0 0 0 JEAN MARIE BENTLEY MEMBER 1.00 0.00 X 0 0 0 D BRUCE CHRISTIAN MEMBER 1.00 0.00 X 0 0 0 GAIL BORGATTI CROALL 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 BRIAN JOSEPH FOCARINO 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 MICHAEL S HOAK MEMBER 1.00 0.00 X 0 0 0 SCOTT KELSEY MEMBER 1.00 0.00 X 0 0 0 TINA REYNOLDS KENNY MEMBER 1.00 0.00 X 0 0 0 BARBARA J MARCHBANK MEMBER 1.00 0.00 X 0 0 0 NATASHA T MOULTON-LEVY MEMBER 1.00 0.00 X 0 0 0 TODD W NORRIS MEMBER 1.00 0.00 X 0 0 0 FRED W PALMORE III 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 1.00 0.00 X 0 0 0 MARILYN W MIDYETTE CEO (UNTIL 8/1/22) 40.00 20.00 X X 0 157924 23138 HOWARD BUSBEE INTERIM CEO (UNTIL 11/30/22 40.00 20.00 X X 0 49053 0 MATTHEW BRANDON CEO (AS OF 12/1/22) 40.00 20.00 X X 0 41747 235 JOHN S KANE MANAGING DIRECTOR FOR OPERATIONS (UNTIL 10/1/22) 35.00 16.00 X 0 122074 10495 0 370798 33868 0 0 1 0 WILLIAMSBURG OCCASIONS LLC THE CATERIN 108 INGRAM ROAD STE 18 WILLIAMSBURG VA 23188 CATERING 254498 KIMBERLY ASHLEE CATERING LLC 213 BON AIR AVENUE PO BOX 59431 PITTSBURGH PA 15210 CATERING 139444 2 450284 5000 450284 ALUMNI PROGRAM REVENUE 611710 473513 473513 473513 497974 497974 37020 37020 79766 0 79766 79766 79766 1152918 1494709 -341791 -341791 -341791 96320 16323 79997 79997 TRAVEL PROGRAM 561520 131733 131733 REGIONAL SUPPORT 611710 1687 1687 OTHER REVENUE 611710 623 623 134043 1410806 555820 131733 272969 X 46000 46000 31350 31350 37839 31204 6635 260638 208467 46733 5438 4288 4288 155064 133701 3920 17443 192 192 42628 38618 4010 81704 71041 7634 3029 22202 22202 29266 21946 5018 2302 UNRELATED BUSINESS INCO 41287 41287 ALUMNI EVENT EXPENSE 845114 807818 37296 AWARDS 64978 64978 SERVICE EXPENSES 20473 20473 12213 12213 1695236 1524428 142596 28212 411448 530720 282251 308 37206 25687 58671 114580 21482 23417 8700 8700 795389 692903 92950 102486 10623405 11535650 6077903 6243157 17614016 18584705 79461 87801 40710 77927 15636 13278 135807 179006 X 12291554 13140387 5186655 5265312 17478209 18405699 17614016 18584705 -284430 1211920 0 X X 0 1 X 1 0 X 1564828 514583 350228 471081 450284 3351004 1564828 514583 350228 471081 450284 3351004 3351004 689080 533613 438308 903243 614760 3179004 81922 83673 9544 91985 115588 382712 7699 12710 47 311 2310 23077 6935797 1789956 0.48310 0.56180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6077903 4522 370973 210241 6243157 6449376 132361 -246461 257373 6077903 4901669 6497 1679927 138717 6449376 5094329 122717 -115893 199484 4901669 5003882 3709 284170 197432 5094329 0.26220 0.35600 0.38180 0 1 1 378914 356621 22293 71639 60864 10775 344836 275418 69418 102486 ENDOWMENT FUNDS HELD BY OTHERS 6243157 F 6243157 OTHER LIABILITIES 13278 13278 X 2677750 1211920 60996 31867 1304783 1372967 37839 37839 1410806 1750260 60996 31867 92863 1657397 37839 37839 1695236 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 $26,947 AND $34,885 AT JUNE 30, 2023 AND 2022, 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 12,187. PLEDGES EXPENSED ON FINANCIAL STATEMENTS 19,680. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 37,839. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD AND SALES TAXES 12,187. PLEDGES EXPENSED 19,680. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 37,839. 0 ORDER OF THE WHITE JACKET SCHOLARSHIPS 14 46000 0 0 0 0 0 0 0 0 0 MARILYN W MIDYETTE CEO (UNTIL 8/1/22) 0 157424 0 500 0 0 0 10496 0 12642 0 181062 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 ALL 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 EMPLOYEES IS APPROVED BY WILLIAM & MARY. CEO'S COMPENSATION IS APPROVED BY WILLIAM & MARY'S BOARD OF VISITORS. 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 5,284. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,284. EVENT SERVICES: PROGRAM SERVICE EXPENSES 203,026. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,026. FEES: PROGRAM SERVICE EXPENSES 157. MANAGEMENT AND GENERAL EXPENSES 46,733. FUNDRAISING EXPENSES 5,438. TOTAL EXPENSES 52,328. 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.