Texas Tech Alumni Association 2017 Annual Report

ANNUAL REPORT

’17

DEAR ALUMNI ASSOCIATION MEMBERS: Last year, your alumni association celebrated its 90th Anniversary, and it was a year of change. In the fall, we finished a yearlong rebranding project with The Richards Group in Dallas, and as a result, we revealed a new logo featuring the iconic Double T. We went through an extensive analysis and research process that involved interviewing hundreds of alumni and key stakeholders to identify the needs of our alumni and redefine our mission and vision.

We launched the “You’re One of Us” campaign that features images of Texas Tech, our traditions and our alumni. Accompanying that, we launched a TTAA mobile app featuring the latest news and events, a mobile membership card and access to thousands of discounts nationwide.

EST. 1927 Membership increased slightly to 30,355 members. Our staff worked hard on retaining recent graduates who received a free one-year membership upon graduation, courtesy of the Texas Tech Office of the President. Last year, our retention rate was 20.6 percent, which is far above the average of most alumni associations.

Since its creation in 1999, The Official Texas Tech Ring program has seen record growth and participation as students have embraced the single-ring tradition. The TTAA reached fifth in the nation with 2,059 rings sold. Approximately 80 percent of students who purchased rings participate in one of our eight ring ceremonies during the year.

We awarded $408,112 in scholarships to 395 students and three $10,000 Excellence Grants to programs and initiatives at Texas Tech.

All of the things I have mentioned, plus all the other services we provide to alumni, would not be possible without your support, and we thank you. You’re One of Us!

The Texas Tech Legacy Program celebrated its eighth year of existence with 4,824 legacies enrolled. The program continues to engage future Red Raiders through Texas Tech birthday cards, gifts and programming throughout the year.

Go Tech!

Bill Dean President and CEO TEXAS TECH ALUMNI ASSOCIATION

30,355

MEMBERS IN 2017

14 MEMBERS IN

DIFFERENT COUNTRIES

49%

TOTAL ALUMNI IN THE US

30,561 26,288 TOTAL ALUMNI IN TEXAS

51%

STUDENT & YOUNG ALUMNI 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.

7,952 YOUNG ALUMNI MEMBERS

The Student Alumni Association (SAA) is sponsored by the TTAA and creates a lifelong connection to Texas Tech by strengthening the bond between students and alumni. Throughout the year, the TTAA provides student members with social, career-oriented and school-unifying events as well as opportunities to network with alumni.

1,199

The Student Alumni Board is a student organization sponsored by the TTAA. Its members serve as ambassadors for the TTAA and the SAA and participate in service activities, help host student and alumni events on campus and participate in the Council for Advancement and Support of Education Affiliated Student Advancement Programs (CASE ASAP). New board members are recruited each fall and spring.

29

TOTAL SAA MEMBERS

TOTAL SAB MEMBERS (FALL) 422 TOTAL SERVICE HOURS

LEGACIES

4,824

The 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 memberships.

TOTAL CONTRIBUTIONS

$2,098,520

APP

$3,845 OTHER

$642,071 LEGACY PROGRAM

$128,990 NATIONAL CHAPTERS

$4,513 MEMBERSHIP CAMPAIGNS

$320,242 BOARD PRESIDENT LETTER

$265,354 MONTHLY RENEWAL LETTERS

$712,240 FOOTBALL PREGAME PARTIES

$21,265

SCHOLARSHIPS $408,112 395 STUDENTS

ADMINISTERED/CREATED BY TTAA & ITS CHAPTERS

$140,000 109 STUDENTS

FUNDED SOLELY BY CHAPTERS

GRANTS

1. RAWLS BUSINESS LEADERSHIP PROGRAM

$10,000

EACH

2. PROGRAM FOR INITIAL MARKET RESEARCH & PROTOTYPE DEVELOPMENT FOR A NEW VENTURE 3. TECH GO — THE TEXAS TECH UNIVERSITY’S MAP AUGMENTED WITH REALITY APP

CHAPTERS No matter where you are, you can connect with fellow loud and proud Red Raiders 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.

NATIONAL CHAPTERS MILITARY & VETERANS NATIONAL ALUMNI CHAPTER RAIDERS ROJOS

. TECH HUB ENTREPRENEUR CHAPTER

In 2017, the TTAA added to its national chapter network by partnering with the Texas Tech Innovation HUB to offer a national chapter focused on entrepreneurship and innovation. The national chapter network provides interest-based groups for our alumni to connect and join in partnership with their TTAA memberships.

77 47 TOTAL

TEXAS

RINGS SOLD

2,059 Of each Official Texas Tech Class Ring sold, 53 percent goes to First Generation Scholarships for Texas Tech. In 2017, the Official Texas Tech Class Ring was fifth in the nation for ring traditions based on rings sold.

STUDENTS ATTENDING RING CEREMONY

OFFICIAL CLASS RING PROGRAM

544 EVENTS

428 EVENTS

MCKENZIE-MERKET ALUMNI CENTER

FRAZIER ALUMNI PAVILION

AWARDS

DISTINGUISHED ALUMNI AWARD Since 1967, the TTAA 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.

COL. PAUL S. LOCKHART, USAF (ret.) ’78

TOP TECHSANS Recognized as individuals who exemplify team spirit and extraordinary work proficiency, four individuals were honored at the Texas Tech Alumni Association’s 2017 Top Techsan Luncheon.

Senior Vice President, QinetiQ North America

LT. GEN. WENDY MOTLONG MASIELLO, USAF ’80 Director, Defense Contract Management Agency

ARATI PRABHAKAR, PH.D. ’79 Director, Defense Advanced Research Projects Agency (DARPA)

DISTINGUISHED SERVICE AWARD The Distinguished Service Award was established in 1977 to recognize outstanding service to Texas Tech University or the TTAA. Alumni and 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.

WESLEY BURGETT, M.S. West Texas Mesonet National Wind Institute AMY CRUMLEY, MBA, CF RE College of Arts & Sciences KIMBERLY SIMON, Ph.D. Office of the President JESSICA SPOTT, M.A. STEM Center for Outreach Research & Education

WES KITTLEY, director of track and field and cross country at Texas Tech, was selected as the 2017 recipient of the Distinguished Service Award. Under his leadership, Texas Tech has produced 13 Olympic Qualifiers, eight Olympic Medalists, 21 national champions, over 200 All-Americans and 145 Big 12 Champions.

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

HONORABLE RANDY ’72 and MRS. DANA (COLLINS) NEUGEBAUER ’74, both West Texas natives who have a 2017 Lauro F. Cavazos Award was presented to the

history of giving back to the community. Most recently, Randy represented the 19th Congressional District of Texas, which stretches across West Texas and the Big Country, including the cities of Abilene, Big Spring and Lubbock.

TEXAS TECH SYSTEM DAY

The TTAA hosted the 2017 Texas Tech System Day in Austin on March 1. The one-day event allowed administrators, alumni and supporters from Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University and Texas Tech University Health Sciences Center El Paso, to spend time with members of the Texas Legislature.

The event is held every other year.

NATIONAL BOARD OF DIRECTORS EXECUTIVE COMMITTEE

SPECIAL POSITIONS

NATIONAL BOARD OF DIRECTORS

CHAIR Kristina Harris Butts ’01, ’04 Washington, DC

ACADEMIC RECRUITING REPRESENTATIVE Peggy Adcox Maxwell ’76 Grapevine

Ryan M. Barbles ’02 Houston

Lt. Col. Francisco “Paco” Hamm ’88 Redondo Beach

Vicki Vannoy Nixon ’73 Lubbock

CHAIR-ELECT John W. Redmon ’71 The Woodlands

ATHLETIC COUNCIL REPRESENTATIVE Carey Hobbs ’58 Waco

Nancy Birdwell ’74 Albany

ReBecca Heidelberg ’00 Midland

Rebecca Ramirez ’01, ’05 Lubbock

IMMEDIATE PAST CHAIR Linda Rutherford ’88 Carrollton

SECRETARY & LEGAL COUNSEL John C. Sims ’65 Lubbock

Michelle Bleiberg ’89 Dallas

Staci Hernandez, M.D. ’99, ’03 Georgetown

Gary Shores ’63 Wichita Falls

Tom Hutton, M.D., Ph.D. ’68 Fredericksburg

Jerry V. Smith ’65, ’67 Dallas

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

STUDENT ALUMNI BOARD REPRESENTATIVES Alex Arnold ’17 Lubbock

Mandy A Carr-Johnson, Ph.D. ’94, ’95, ’99 Highlands Ranch

Mark Jones ’79 Brady

Barry C. Street ’79 Kress

Leah McCoy ’04 Washington

Bobby G. Waddle ’55 DeSoto

Amy Gunter McLane ’97 Salado

T. John Ward ’64 Longview

David A. Miller ’71 Horseshoe Bay

Morris Wilkes ’75 Lubbock

Nathan P. Nash ’05 Dallas

Bryant Willliams Jr. ’61 Kerrville

ENDOWMENT TRUST REPRESENTATIVE Willliam D. Brown ’74, ’76 Austin CFO David Y. Low, ’87, ’03 Lubbock

Savannah Buttler ’18 Lubbock TEXAS TECH UNIVERSITY EX-OFFICIO REPRESENTATIVE Chris Cook ’12 Lubbock

Heath Cheek ’03 Dallas Paul Foster ’80 San Antonio Mike Gayler ’81 Fort Worth Randy Golden ’77 Dallas

TEXAS TECH ALUMNI ASSOCIATION & SUBSIDIARY

Consolidated Statement of Activities Consolidated Statement of Financial Position For the years ended December 31, 2017, and 2016 For the years ended December 31, 2017, and 2016

Revenue 2017 2016 Assets 2017 2016

Sales and Commissions 230,335 189,099 Cash and Cash Equivalents 926,028 1,523,989 Contributions Receivables

Unrestricted 1,900,257 2,024,613

Accounts Receivables 235,936 94,742

In-Kind Contributions -

Contributions Receivables 259,285 157,606

University Support 110,000 75,000

Employee Receivables 3,015 2,183

Restricted 23,794 34,646 Inventory - Sponsorships 52,140 41,495 Prepaid Expenses 57,881 139,930 Rental Income 334,047

370,737 Restricted Cash and Receivables 28,195 47,946 Programs and Special Events 470,712

527,199 Property and Equipment 5,323,645 5,598,964 Texas Techsan Magazine Revenues 126,119 138,263 Cash Surrender Value of Life Insurance Policies 240,776 240,776 Royalty Income 322,126 340,875 Other Assets 2,961,203 2,685,065 Investment Income 311,785 30,294

Insurance Proceeds - Total Assets 10,035,964 10,491,201 Gain (Loss) on Sale of Assets -

Assets Released From Restriction -

Miscellaneous Income 7,753 4,183 Liabilities and Net Assets

Total Revenue 3,889,069 3,776,404 Liabilities

Accounts Payable 130,186 140,348 Total Revenues and Other Support 3,889,069 3,776,404 Retirement Payable 12,610

Accrued Liabilities 29,639 109,862

Payroll Liabilities 203,121 134,728 Expenses

Accrued Compensated Absences 23,238 23,238

Ring Deposits - 355,843 Program Expenses 2,213,960 1,995,342 Due to Affiliate(s) 120,152 Fundraising Expenses 808,918 932,589 Deferred Revenues 171,666 164,009 Management & General Expenses 909,439 907,341 Notes Payable 25,000

Total Expenses 3,932,317 3,835,272 Total Liabilities 715,612 927,604

Increase in Net Assets from Operations (43,248) (58,868) Net Assets

Unrestricted 9,031,630 9,274,875 Contributions to Endowment Trust (200,000) (600,000) Temporarily Restricted -

Permanently Restricted 288,722 288,722 Net Assets, Beginning of the Year 9,563,597 10,222,465

Total Net Assets 9,320,352 9,563,597 Net Assets, End of the Year 9,320,348

9,563,597

TOTAL LIABILITIES AND NET ASSETS 10,035,964 10,491,201 UNAUDITED FINANCIAL INFORMATION Financial Information provided by Texas Tech Alumni Association Accounting Department