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T e x a s T ech Alumni Associatio n annual report • 2013 e s t. 1 92 7


Letter from the executive director Dear Alumni Association Member: Thanks to members like you, we had arguably the best year in our 87-year history! In fact, we added almost 5,000 members and $435,000 in contributions, surpassing $2 million in giving for a single year for the first time. Your support allowed us to invest in our digital infrastructure to improve our stewardship of your contributions by relying more on digital communication efforts, cutting down on waste and printing expenses. Your contributions provided critical funding for key initiatives for scholarships and academic support allowing us to: > raise more than $500,000 which resulted in a $1 million investment to the TTAA Scholarship Endowment through a scholarship matching program. > assist 405 deserving Texas Tech students with $263,760 in scholarships. > award $10,000 through our inaugural Excellence Grant to San Antonio TechTeach, a fast-track teacher education program in the College of Education. Beginning with the December class of 2013, all graduates will receive a special graduation gift: a one-year TTAA membership. Thanks to a new partnership with our new university president, M. Duane Nellis, Ph.D., all graduates automatically receive a full one-year membership. I believe this partnership will bolster the connection between these new Red Raiders and their alma mater. We added programming that enhances the value of each membership, you save money on everyday purchases and support the alumni association at the same time. We: > finalized an agreement with Discover Card as the new official Texas Tech credit card. > launched an energy services partnership with Everything Energy; members in deregulated markets can lower their electricity rates. It was a banner year for the Texas Tech Alumni Association. We couldn’t have done it without your support. Thank you.

GO TECH! Bill Dean, Ed.D.

Executive Vice President and CEO Texas Tech Alumni Association

texastechalumni.org

If you have any questions or if I can be of assistance to you, please contact me at 806-742-3641, ext. 226, or at bill.dean@ttu.edu.

2013 NATIONAL BOARD OF DIRECTORS E x e c u t i v e C o m m i t t ee

President

William D. “Bill” Benton, ’78, Van Alstyne

President-Elect

Renée Bergenheier Underwood, ’78, Lubbock

Immediate Past President

David K. Waggoner, ’83, Hillsboro

Executive Vice President & CEO

Bill Dean, Ed.D., ’61, ’65, ’71, Lubbock S p e c i al P o s i t i o n s

Academic Recruiting Representative Peggy Adcox Maxwell, ’76, Grapevine Athletic Council Representative Carey Hobbs, ’58, Waco EASI/Diversity Representative Telea J. Stafford, ’94, Farmers Branch/Dallas Endowment Trust & Finance Chair William D. “Bill” Brown, ’74, Austin Secretary & Legal Counsel John C. Sims, ’65, Lubbock Student Alumni Board Representatives Clara Garcia, ’13, Coppell Mallory Sanderson, ’15, Trophy Club Texas Tech University Ex-Officio Representative Kelly Overley Cronin, Ed.D., ’92, Lubbock b o ard m e m bers

Arcilia Acosta, ’89, Dallas Ryan Barbles, ’02, Houston Nancy Birdwell, ’74, Salado Michelle Bleiberg, ’89, Dallas Kristina Butts, ’01, ’04, Washington, D.C. Paul Foster, ’80, San Antonio Ginger Gurss Francis, ’79, El Paso Linda Fuller, ’69, Frisco Victor C. Hackett, Jr., ’76, Marlton, N.J. Art Alcausin Hall, ’96, San Antonio Sandy Lee Henry, ’67, Lubbock Nancy Johnson Isom, ’80, Idalou Neal Leonard, ’95, San Antonio Vicki Nixon, ’73, Lubbock Timothy Parker, MS, PE, ’94, ’96, Roswell, N.M. Paul Parkinson, ’74, ’82, Plano John W. Redmon, ’71, The Woodlands Linda B. Rutherford, ’88, Carrollton Thomas C. Sellers, ’77, Sulphur Springs Gary H. Shores, ’63, Wichita Falls Jerry V. Smith, ’65, ’67, Dallas Barry Street, ’79, Kress Bobby Waddle, ’55, DeSoto Louis Bryant Williams Jr., ’61, Kerrville


TTAA Membership breakdown members by state Washington

81

Montana

15

51

9

Idaho

19

Maine

North Dakota

Oregon

Vermont

46

South Dakota Wyoming

22

40

Iowa

30

Illinois

Utah

38

California

Wisconsin

25

30

100

Colorado

382

388

Kansas

Missouri

112

58

New York

69

Michigan

33

62

Indiana

40

Kentucky

33

32 37 Maryland 72 Delaware 8 69

197

363

447

Mississippi

38

Louisiana

100

Texas

22,147

Alabama

46

Washington, DC

West Virginia

Virginia

9

214

32

121

South Carolina

Arkansas

85

New Jersey

North Carolina

138

Oklahoma

New Mexico

6 48 2

Massachusetts Rhode Island Connecticut

Pennsylvania

Ohio

Tennessee Arizona

5

New Hampshire

5

Nebraska Nevada

2

Minnesota

Georgia

55

115

Membership

21,534 End (Dec. 31, 2013) 26,341 Beginning (Jan. 1, 2013)

Florida

193

Military Addresses 12 Alaska 26 Hawaii 9

52% 48%

members by college Media & Communication Edward e. Whitacre Jr. College of Engineering

Human Sciences 9%

5%

Visual & Performing Arts 2%

annual contributions

Arts & Sciences

12%

22%

Education 7%

Agricultural Sciences & Natural Resources 10%

Architecture Jerry S. Rawls College of Business Administration 27%

2%

Other Degree Programs 4%

,02

,03

,04

,05

,06

,07

,08

,09

,10

,11

,12

Years

26% Increased contributions $435,465 over 2012 increase

annual report • 2013

,13


$263,760 in scholarships to 405 deserving Texas Tech students

Scholarships

How many couples said “I do� in our facilities

Number of emails sent Emails in Millions

52 Number of children in our Legacy program

Years

SNail mail vs. EMAIL Memberships renewed: 14,265 Gross: $1,203,530.46 Average Gift: $84.37 Direct Cost to raise a dollar: $0.07

Memberships renewed: 3,600 Revenue: $249,989.71 Average Gift: $69.44 Direct Cost to raise a dollar: $0.00

texastechalumni.org

2,093

Chapters There are 41 active alumni chapters in Texas and 28 active chapters out of state.

Legislative Advocacy Efforts We try to paint the towns red & black Texas Tech Day in Austin: 240 Volunteers Washington, DC: 75 Volunteers


Bags of popcorn

2,400

Membership Level Breakdown at Frazier pregame

Pregame party attendance

Peanuts

800

,000 10 for six games

lbs.

Student: 1.3 % Loyalty: 41.5 % Century: 44.0 % Bronze: 8.0 % Silver: 2.6 % Gold: 2.4 % Platinum: 0.2 %

Frazier Alumni Pavilion Football Pregame 172 new members generated

Frazier Pregame Membership Numbers

457 renewals $31,655 in membership revenue $50.33 avg. gift

Official Texas Tech Class Rings Sold

First Generation Scholarships

1,505

53% of the royalty from each Official Texas Tech Class Ring sold goes to fund Texas Tech Alumni Association First Generation Scholarships. $313,000 has been awarded to first generation college students since 2008. Last year, 94 students received scholarships.

Student Programming Student Alumni Association Members

1,011

Highest Ranking Graduates Recognized

93

Lapel Pins Given to Graduates at Commencement

6,877

New Graduate Alumni Association Memberships

1,689

Total u.s. alumni

184,867 143,877 Total Texas alumni

*These numbers reflect those alumni for whom we have a current mailing address.

annual report • 2013


Distinguished Alumni Awards Since 1967, the Texas Tech Alumni Association has been presenting awards to the most prestigious graduates of Texas Tech University for their professional achievements, contributions to society and support of the university. It is the highest honor bestowed by the Alumni Association and the University. Past recipients have governed states, flown space missions, sung leading roles in the great opera houses of the world, served as CEOs and military commanders, won Olympic Gold Medals, and even performed heart surgery on celebrities such as Larry King and David Letterman. The 2013 recipients were honored at the Distinguished Alumni Dinner in March 2013, where more than 300 family and friends paid tribute to their remarkable accomplishments.

Rear Adm. (Select) , John D. Alexander 82 Assistant Commander of Navy Personnel Command for Career Management

,

Scott Pelley 78 Anchor and Managing Editor, “CBS Evening News;” Correspondent for “60 Minutes”

, Robert J. Salem, M.D. 50 Chief Medical Officer Emeritus, Covenant Health, Clinical Professor of Surgery, Texas Tech University Health Sciences Center

texastechalumni.org

Top Techsan Award Recognized as individuals who exemplify team spirit and extraordinary work proficiency, four individuals were honored at the 2013 Top Techsan Luncheon: • Kristina Woods Butler Associate Director, Research & Academic Communications, Office of Vice President for Research • Dale Ganus Assistant Managing Director of Texas Tech University Systems Information Technology • Jeff Livingston Senior Superintendent for the National Wind Institute Research Facilities at Reese Technology Center • Jo Lynne Stark Senior Business Assistant at the TECHniques Center Each winner was nominated by fellow Texas Tech faculty, students or staff. Selections are made based on nominations of individuals, emphasizing work ethic and attitude within the Texas Tech family. Each winner received a plaque and $500 during the presentation.


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.

BERNHARD T. MITTEMEYER, M.D.

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 achieve that distinction.

Bernhard T. Mittemeyer, M.D., Executive Vice President, Provost & Professor Emeritus, Texas Tech University Health Sciences Center, Lt. General, U.S. Army (Ret) was chosen as the 2013 recipient of the Cavazos Award.

Distinguished Service Award The Distinguished Service Award, first presented to Dean Lewis N. Jones in 1977, was created to recognize and commend outstanding service rendered to the Texas Tech Alumni Association and Texas Tech University.

ALLEN T. MCINNES, PH.D. Allen T. McInnes, Ph.D., Dean Emeritus, Jerry S. Rawls College of Business Administration, Texas Tech University was chosen as the 2013 recipient of the Distinguished Service Award.

New Faculty Awards One of the most important things we do at the Texas Tech Alumni Association is use membership funds to help meet academic needs throughout Texas Tech University. In order to assist Texas Tech in attracting and retaining world class faculty, the Alumni Association established the New Faculty Awards program in 1987 to recognize outstanding new members of the faculty in each college and the School of Law. The dean of each of these academic units designates the recipient of the award, which carries with it a certificate and an honorarium of $500 funded by the Texas Tech Alumni Association. The awards are presented to faculty who have four years, or fewer, of service at any university and who have earned distinction for dedicated service to Texas Tech. In 2013, 10 faculty members received the recognition along with a $500 award.

annual report • 2013


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


Texas Tech Alumni Association 2013 Annual Report