General Alumni Association Dba Unc General Alumni Association

Nonprofit profile at a glance

EIN
566000469
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Chapel Hill, NC, USA
Phone
9199621208
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alumni Associations
Affiliation
Christianity

Reported finances

Revenue
$9,601,169
Expenses
$7,656,872
Assets
$138,546,126
Liabilities
$1,149,590

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

42 people listed

Executive titles in this filing

  • VERONICA FLASPOEHLER (PRESIDENT)
  • STEPHEN C SHAW (VICE PRESIDENT & CHIEF FIN)

Highest reported compensation

  • VERONICA FLASPOEHLER (PRESIDENT): $483,232 total reported compensation
  • STEPHEN C SHAW (VICE PRESIDENT & CHIEF FIN): $223,451 total reported compensation
  • ALLAN HOLMES (EDITOR & DIRECTOR OF COMMU): $169,047 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Carolina alumni initiatives support over 30,000 active students and over 370,000 alumni and friends of the university of North Carolina at chapel hill. Carolina alumni creates a dynamic alumni community that reflects the values and traditions of carolina. We do this through a variety of programs, networking and social events, alumni career services, and more ensuring the carolina connection remains strong and vibrant.

What it reported doing in 2024

Programs and events/alumni tours: carolina alumni is one of the leading alumni associations in the country, and provides a comprehensive menu of award-winning program opportunities to its alumni, members and students, to include the following: over 90 carolina clubs across the us and the world, allowing alumni to connect with other tar heels in the area they live; young alumni events geared to those who graduated within the previous 10 years; affinity and class-based reunions held in chapel hill, providing alumni the opportunity to renew acquaintances with classmates, have fun, strengthen ties with carolina and perhaps leave with ideas for making those ties with their alma mater and friends more meaningful; an international travel program, providing a selection of over 60 trips, serving over 900 travelers; support for a number of student groups, including the senior class, two acapella groups, the homecoming committee and the order of the bell tower, which serves and the official student ambassadors and tradition keepers to the university.

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 100% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 71
  • Accountability: 84
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.3%; rating input score 69
  • Program expense ratio: 78.5%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.2%; rating input score 97; 27th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.3%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 18.09; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 18.5%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 69.3% of revenue deployed · 78.5% of spending went to programs
  • Governance: 35 of 36 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6M in reported program spending
  • Leadership: top reported pay $483K · 42 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 14/100.