University of South Florida Alumni Association Inc

Overview

Mission

The mission of the usf alumni association is to foster a mutually beneficial, lifelong relationship between the university and its alumni; to inspire loyalty and pride among current and future alumni; and to advocate for excellence in teaching, research and public service.

What it reported doing in 2024

Assisting the university of south Florida in maintaining and enhancing the mutually beneficial relationship between the university and its alumni, as well as providing funds for scholarships.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
237357236
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Tampa, FL, USA
Phone
8139747224
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Alumni Associations

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 75
  • Accountability: 93
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: $17.94 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.5%; rating input score 88; 19th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.9%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 4.23; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 7% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 85.6% of spending went to programs
  • Governance: 23 of 26 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $940K · 32 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

32 people listed

Highest reported compensation

  • Jay Stroman (USF Senior Vice President- Advancement and Alumni Affairs): $940,098 total reported compensation
  • Jennifer Condon (USF Designee (7/1/24-12/31/24)): $645,402 total reported compensation
  • William McCausland (USF Alumni Association Vice President and Executive Director): $280,457 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.