The Association of Former Students of Texas A&M University

What it reported doing in 2024

Clayton w. Williams, jr. Alumni center - the aggie ring is one of our most well-known and easily recognized symbols of the aggie network. Students earn the aggie ring based on credit hours completed at Texas a&m and may select the class year (within limitations) to appear on their aggie ring. Each qualified student can choose the finish for their ring and may opt to place a diamond in the shield. Otherwise, the aggie ring is exactly the same for every aggie other than the name engraved on the inside - which undoubtedly contributes to its global recognition. The association of former students manages the aggie ring program with orders taken throughout the year in our aggie ring office. Students receive their aggie rings during one of the association's aggie ring days, which draw thousands of aggie students, their families and friends together at the clayton w. Williams, jr. Alumni center for a celebration of this momentous milestone. In addition to serving current students in the ordering process, our aggie ring office also assists with resizing, repairs and replacements and facilitates reporting opportunities for those who have lost or found an aggie ring. Five aggie ring collections, located in the clayton w. Williams, jr. Alumni center, display numerous aggie rings dating back to 1890. The collections are a highlight attraction on the a&m campus and draw many visitors each year. In october 2009, the association of former students' board of directors formally established the aggie ring scholarship program. Through this special giving opportunity, former students and friends of Texas a&m can help ensure that the aggie ring is available to every aggie who has earned the right to wear one. The aggie ring is one of the most recognizable pieces of jewelry in the world. One of the most meaningful and solemn events hosted by the association, aggie ring remembrance is a very special ceremony in which the family of aggie students who passed away while enrolled at Texas a&m receive an aggie ring crest mounted on a bronze medallion remembering and honoring their child or spouse. This special ceremony is held at the williams alumni center prior to campus muster each year. Held at the end of the first day of new student conferences, howdy socials welcome incoming students and their families to the clayton w. Williams, jr. Alumni center, the aggie network and the broader bryan-college station community. Hosted by the association of former students prior to the beginning of each fall semester, howdy week gathering is designed to welcome new students to campus and provide them an opportunity to mingle with classmates while enjoying free food and drinks in a festive environment, along with their first on- campus yell practice of the year. Students are encouraged to try on an aggie ring with their class year, further building the anticipation of one day wearing their own ring. Hosted by the association of former students, this multi-day celebration honors students who are graduating each semester. The graduation celebration allows students to learn more about their role as former students as well as ways to stay connected through a&m clubs and constituent networks. It also provides an opportunity for students to make their century club donation to the association. This informal family event marks the official end of their time as a student and the beginning of their next phase of life as a former student of Texas a&m university.the association of former students is pleased to host a variety of events throughout the year all over the country as well as in the premier clayton w. Williams, jr. Alumni center. As a 501(c)(3) corporation, which leases the land on which our facility resides from the state of Texas, the williams alumni center may only be used by the Texas a&m university system, Texas a&m university, recognized student organizations of Texas a&m university and affiliates of the association of former students, including classes, a&m clu

Financial Efficiency

• Mission deployment rate: 59.8%; rating input score 60
• Program expense ratio: 66%; rating input score 66
• Fundraising efficiency: $4.87 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 24.1%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 9.55; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 85; 85th percentile among comparable filings
• Officer compensation ratio: 12%; rating input score 14; 14th percentile among comparable filings

Growth

• Program expense growth: 8.6% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 7.8% per year; rating input score 100; 64th percentile among comparable filings
• Asset growth: 7.6% per year; rating input score 100; 52nd percentile among comparable filings