Texas Tech Alumni Association and Subsidiary Financial information provided by Texas Tech Alumni Association Accounting Department Consolidated Statement of Financial Position For the years ended December 31, 2012 and 2013
Assets
Cash & Cash Equivalents Receivables Accounts Receivables Contributions Receivable Other Receivables Inventory Prepaid Expenses Restricted Cash & Receivables Property & Equiptment Cash Surr. Value of Life Insurance Other Assets
Total Assets
Liabilities & Net Assets Liabilities
Accounts Payable Retirement Payable 401 (K) ES Accured Liabilities Payroll Liabilities Accrued Compensated Absences Ring Deposits Due to Affiliate (s) Deferred Revenues Notes Payable
Total Liabilities Net Assets
Consolidated Statement of Activities For the years ended December 31, 2012 and 2013
2012
2013
3,660,811
2,925,973
185,518 135,778 320,193 95,099 295 848 _ (9,916) 76,287 201,293 1,010,480 685,009 6,272,305 6,180,589 230,439 230,439 569,053 1,508,282 12,325,381 11,953,394
165,078 11,322 114,895 46,541 282,370 4,680 145,461
125,874 6,526 5,085 145,636 46,540 _ 159,635 205,722
770,347
695,019
Unrestricted Temporarily Restricted Permanently Restricted
Total Net Assets
9,971,704 9,495,860 1,256,356 1,450,361 326,974 312,154 11,555,034 11,258,375
Total Liabilities & Net Assets
12,325,381 11,953,394
texastechalumni.org
2012
2013
200,757
209,976
1,515,244 24,200 75,000 126,308 62,400 312,524 430,098 128,587 629,060 52,360 _ _ _ 8,684 3,565,222 3,565,222
2,100,100 557 110,000 28,670 61,400 304,008 331,428 109,478 675,286 37,652 100,156 399 _ 359 4,069,468 4,069,468
2,283,072 668,216 751,177 3,702,465
2,149,734 706,257 912,047 3,768,038
Increase in Net Assets (137,243) Contributions to Endowment Trust _ Net Assets, Beginning of the Year 11,692,277 Net Assets, End of the Year 11,555,034
301,430 (600,000) 11,555,034 11,256,464
Revenue
Sales & Commissions Contributions Unrestricted In-kind Contributions University Support Restricted Sponsorships Rental Income Programs & Special Events Texas Techsan Magazine Revenues Royalty Income Investment Income Insurance Proceeds Gain (Loss) on Sale of Assets Assets Released From Restriction Miscellaneous Income Total Revenue
Total Revenues & Other Support
Expenses
Program Expenses Fundraising Expenses Management & General Expenses
Total Expenses
Unaudited Financial Information