Texas Tech Alumni Association 2016 Annual Report

2016 Annual Report

Dear Alumni Association Members: Our entire staff really appreciates all of our members. Without the support we receive from your membership in the TTAA, we could not accomplish many of the things we do to support students, faculty, staff and Texas Tech in general.

While our membership numbers declined slightly in 2016, our numbers are more than double the national average. All alumni associations are struggling with how to grow membership numbers, especially among recent grads. Institutions with an annual budget of more than $1 million saw, on average, that 7.5 percent of their alumni contributed to their respective alumni associations in 2016.

Texas Tech alumni contributed at a rate of 19 percent in 2016.

That type of consistent support is what allows the TTAA to be so active in its support of Texas Tech University. Here are a few examples of how your support made an impact on the university.

We awarded more than $400,000 to 523 students from the Texas Tech Alumni Association Endowment Trust. Investing in the Endowment Trust generates scholarships for future generations.

Our Excellence Grant program awarded grants of $10,000 last year to the TTU Department of Physics and the Innovation Hub at Research Park.

As mentioned above, one of the major challenges is attracting and keeping recent graduates in the fold. All graduates receive a one-year membership courtesy of President Schovanec’s office. Last year, we retained 19 percent of those graduates. That doesn’t seem like a very good number until you consider that the national average is just 7 percent. This is a major challenge for all universities.

The Official Texas Tech Class Ring Program continued to have record growth. We sold 1,883 rings in 2016. Of those, 1,379 people were eligible for the ring ceremonies, and we had 1,034 students attend the ring ceremonies.

In the fall, we had more than 150 student leaders attend our Student Leadership Reception along with President Schovanec.

The Texas Tech Legacy Program celebrated its sixth year of existence in 2016 by adding 698 new members for a total of 5,839 Legacies. The Legacy Program continued to engage future Red Raiders through Texas Tech birthday cards, gifts and programming throughout the year.

None of the things I have mentioned here would be possible without you. Thank you again.

GO TECH,

Bill Dean, Ed.D. President and CEO Texas Tech Alumni Association

Members in 2016 86% Members in

13

Different Countries

Contribution Breakdown

$2,154,545 Total Contributions

23%

222,528

monthly renewal letters

Total Alumni in U.S

TTAA Board President letter

201,285 Total ALumni in Texas

13% 11%

membership campaigns

2%

Telemarketing

2%

Military & Veterans Chapter

1%

TTAA Football pregame party 50.95% 48.96% 49.05% 50.95%

48% Other

TTAA Membership Breakdown

30,210

SAB & SAA

1,127

Total saa members

28

Total saB members

Scholarships

Student Alumni Board (SAB) members serve as ambassadors for the Texas Tech Alumni Association and the Student Alumni Association. The 2016 board participated in numerous TTAA events, as well as regional and national Council for Advancement and Support of Education Affiliated Student Advancement Programs (CASE ASAP) trips for workshops and leadership training.

SAA is sponsored by the Alumni Association, and strengthens the bond between students and alumni. Throughout the year, SAA is involved in social, career-oriented and school-unifying events.

$404,000 in funds

$10,000 grants

523 students

Administered and/or created by TTAA and its chapters

1

High Energy Llano Estacado program in the Department of Physics

2

Innovation Hub at Research Park

$145,000 204 students

Funded solely by chapters

Chapters No matter where you are, connect or reconnect with other alumni and friends through the TTAA Chapter Network. Our regional chapters provide opportunities to network, volunteer, and socialize with fellow Red Raiders while also raising scholarship funds for students in your local areas.

Total:

75 Texas:

46

Offcial Texas Tech Class Ring Program

TTU GRads

1,883

8,058

rings sold

Young Alumni members

1,379

students eligible for ring ceremony

1,034

students attended ring ceremony

membership Institutions with an annual budget of more than one million saw, on average, that 7.5 percent of their alumni contributed to their respective alumni associations in 2016.

Texas Tech alumni contributed at a rate of 19 percent in 2016.

The Texas Tech Alumni Association has partnered with the Office of the President to provide every undergraduate student with a complimentary membership in the TTAA. This program is designed to engage young alumni and foster a lifelong connection with their alma mater.

$20,446 Frazier pregame memberships

144 New 402 reNew

legacies The Texas Tech Legacy Program provides children and grandchildren of TTAA members a fun way to start learning about Raiderland at an early age. Members receive Texas Tech birthday cards and gifts throughout their membership.

distinguished alumni award Since 1967, the Texas Tech Alumni Association has presented the Distinguished Alumni Award to the most prestigious graduates of Texas Tech University for their professional achievements, contributions to society and support of the university.

Past recipients have governed states, flown space missions, sung leading roles in the great opera houses of the world, served as CEO’s and military commanders, won Olympic Gold Medals and even performed heart surgery on celebrities such as Larry King and David Letterman.

2016 Honorees

Mark Lanier ’84 The Lanier Law Firm P.C., Houston, Texas

Jaston Williams ’71 Playwright Leander, Texas

distinguished service award The Distinguished Service Award was established in 1977 to recognize outstanding service to Texas Tech University or the Alumni Association. Alumni, friends of Texas Tech, as well as current and former employees of the university are eligible to receive the award or to submit a nomination.

Stephanie Rhode was selected as the 2016 recipient of the Distinguished Service Award.

Laura Nieto ’95 Senior Manager, Southwest Airlines Dallas, Texas

Lauro f. Cavazos award The Lauro F. Cavazos Award is presented to individuals who have made a positive impact on the university through outstanding accomplishments, acts of service and/or financial support.

The award was created in 1987 in honor of Lauro F. Cavazos, Ph.D., a sixthgeneration Texan who served as the 10th president of the university. He was the first Texas Tech alumnus and first Hispanic to hold that office.

John & Diane Scovell were selected as the 2016 recipients of the Lauro F. Cavazos Award.

top techsan awards Recognized as individuals who exemplify team spirit and extraordinary work proficiency, four individuals were honored at the Texas Tech Alumni Association’s 2016 Top Techsan Luncheon.

Dustin Delano Office of the Vice President for Research Kelly Fox, Ph. D. Higher Education Teaching Sites at Fredericksburg and Highland Lakes Zaida M. Gracia Whitacre College of Engineering Janelle Zamora University Career Center 2016 Top Techsans, L to R Kelly Fox, Ph. D.; Janelle Zamora; Dustin Delano; Zaida Gracia

2016 National Board of Directors Executive Committee

Special Positions

President Linda Rutherford ’88 Carrollton

Academic Recruiting Representative Peggy Adcox Maxwell ’76 Grapevine

Immediate Past President Tom C. Sellers ’77 Sulphur Springs

Athletic Council Representative Carey Hobbs ’58 Waco

President Elect Kristina Butts ’01, ’04 Washington, D.C.

Secretary & Legal Counsel John C. Sims ’65 Lubbock

Endowment Trust Board and Alumni Board Finance Chairman William D. “Bill” Brown ’76 Austin

Student Alumni Board Representatives Thad C. Brock ’16 Henrietta

President & CEO Bill Dean, Ed. D. ’61, ’65, ’71 Lubbock

Alex Arnold ’17 Lubbock Texas Tech University Ex-Officio Representative Lisa Calvert Lubbock

National Board of Directors Ryan Barbles ’02 Houston

ReBecca Heidelberg ’00 Midland

Nancy Birdwell ’74 Albany

Staci Hernandez, M.D. ’99, ’03 Jerry Smith ’65, ’67 Georgetown Dallas

Michelle Bleiberg ’89 Dallas

Nancy Isom ’80 Idalou

Mandy A. Carr-Johnson, Ph. D Amy Gunter McLane ’97 ’94, ’95, ’99 Salado Highlands Ranch, Colo.

David A. Miller ’71 Heath Cheek ’03 Lubbock Dallas Nathan Nash ’05 Paul Foster ’80 Dallas San Antonio Vicki Nixon ’73 Mike Gayler ’81 Lubbock Coppell Timothy Parker ’94, ’96 Randy Golden ’77 Roswell, N.M. Dallas John Redmon ’71 Art Hall ’96 The Woodlands San Antonio

Gary Shores ’63 Wichita Falls

Barry Street ’79 Kress Bobby Waddle ’55 DeSoto T. John Ward ’64 Longview Morris Wilkes ’75 Lubbock L. Bryant Williams, Jr. ’61 Kerrville

Texas TEch Alumni Association And Subsidiary

Consolidated Statement of Activities Consolidated Statement of Financial Position For the years ended December 31, 2016, and 2015 For the years ended December 31, 2016, and 2015

Revenue 2016 2015 Assets 2016 2015

Sales and Commissions 192,867 255,380 Cash and Cash Equivalents 1,061,368 1,831,435 Contributions Receivables

Unrestricted 2,004,073 2,164,281

Accounts Receivables 354,215 275,397

In-Kind Contributions -

Contributions Receivables 28,724 158,294

University Support 110,000 75,000

Employee Receivables 2,184 4,729

Restricted 28,150 67,625 Inventory - Sponsorships 41,495 65,900 Prepaid Expenses1 98,756 168,384 Rental Income 348,347 325,519 Restricted Cash and Receivables 49,942 47,946 Programs and Special Events 484,386 434,665 Property and Equipment 5,539,985 5,794,007 Techsan Magazine Revenues 138,263 124,380 Cash Surrender Value of Life Insurance Policies 240,776 240,776 Royalty Income 343,550 289,448 Other Assets 2,765,299 2,794,622 Investment Income 127,266 (12,527)

Insurance Proceeds 4,496 Total Assets 10,241,250 11,315,590 Gain (Loss) on Sale of Assets -

Assets Released From Restriction -

Miscellaneous Income 3,847 5,345 Liabilities and Net Assets

Total Revenue 3,826,742 3,795,016 Liabilities

Accounts Payable 140,297 314,401 Total Revenues and Other Support 3,826,742 3,795,016 Retirement Payable 12,346

Accrued Liabilities 29,667 134,862

Payroll Liabilities 134,590 130,618 Expenses

Accrued Compensated Absences 23,238 23,238

Ring Deposits - 338,381 Program Expenses 2,406,619 2,050,574 Due to Affiliate(s) 68,382 Fundraising Expenses 891,764 802,572 Deferred Revenues 164,009 151,625 Management & General Expenses 932,101 932,704 Notes Payable 50,000

Total Liabilities 622,528 Total Expenses 4,230,484 3,785,850 1,093,125

Increase in Net Assets from Operations (403,742) 9,166 Net Assets

Unrestricted 9,330,000 9,933,743 Contributions to Endowment Trust (200,000) (600,000) Temporarily Restricted -

Permanently Restricted 288,722 288,722 Net Assets, Beginning of the Year 10,222,465 10,813,299

Total Net Assets 9,618,722 10,222,465 Net Assets, End of the Year 9,618,722 10,222,465

TOTAL LIABILITIES AND NET ASSETS 10,241,250 11,315,590 UNAUDITED FINANCIAL INFORMATION Financial Information provided by Texas Tech Alumni Association Accounting Department