2015 Annual Report
on Members: ti a ci o ss A i n m lu Dear A xas Tech Alumni ical year for the Te
ing as a typ e support we There is no such th m year to year is th fro l ica typ is at wh ver, Association. Howe rship in the TTAA. rough your membe th u yo receive from e. Alumni the national averag more than double is at th e rat a at of r 9.1 percent their ort their alma mate saw an average of on illi Red Raiders supp m $1 an th e mor uted at a rate of annual budget of Tech alumni contrib s xa Te . 15 20 associations with an in s organization to their respective alumni contribute 15. 20.8 percent in 20 t of Texas Tech active in its suppor so be to AA TT e allows th on the university. ent support is what t makes an impact or That type of consist pp su ur yo w ho a few examples of University. Here are ni Association e Texas Tech Alum th m fro s nt de stu 186 e than $180,000 to ships for future • We awarded mor st generates scholar Tru t en wm do En e Investing in th Endowment Trust. generations. al Life Program, ar to the TTU Virtu ye t las ts an gr 00 t. ed $10,0 Sport Managemen ant program award t of Kinesiology & en • Our Excellence Gr rtm pa De e th d l Work Program an the Master of Socia s every sident that provide e Office of the Pre Th th wi ip sh ve er ha rtn e graduate. W mented our pa bership when they • In 2014, we imple em m AA TT ar ye is just 7 percent. mplimentary onee national average th ile wh undergraduate a co , far us th aduates nt of these new gr retained 21 perce ts those ring recipien more than 1,250 of d an , 15 20 in fic gs le of the Of ial 21 Official Class Rin oceeds from the sa pr e th of • The TTAA sold 1,7 on rti po A onies. e. e three ring cerem Scholarship initiativ attended one of th e First Generation th d fun to es go g Texas Tech Class Rin ng with former ship Reception alo er ad Le nt de Stu r ded ou dent leaders atten • In the fall, 105 stu . llis t M. Duane Ne Texas Tech Presiden 07 new members 2015 by adding 1,6 in ar ye th six its rated gacy Program celeb future Red Raiders • The Texas Tech Le ntinued to engage co am gr Pro cy ga Legacies. The Le roughout the year. for a total of 5,068 d programming th an ts gif s, rd ca y da birth through Texas Tech ank you again. ble without you. Th ssi po be t no uld wo ve mentioned here All of the things I ha
GO TECH,
Bill Dean, Ed.D. ident and CEO Executive Vice Pres sociation As Texas Tech Alumni
1
97 8
8
59
24
16
375
435 179
86
51% MALE
16
175 Military Addresses 12 Foreign Countries 28
0.5
MEDIA & COMMUNICATION 5.8% VISUAL & PERFORMING ARTS 2.2% ARTS & SCIENCES 24.7% AGRICULTURAL SCIENCES & NATURAL RESOURCES 9.2% ARCHITECTURE 1.9% JERRY S. RAWLS COLLEGE OF BUSINESS ADMINISTRATION 25.4% EDUCATION 7.0% EDWARD E. WHITACRE JR. COLLEGE OF ENGINEERING 12.7%
49% FEMALE
HUMAN SCIENCES 11.0% HONORS 0.1%
MEMBERS BY COLLEGE
15
20
14
20
13
20
12
11
20
10
20
09
20
20
08
20
07
20
06
20
05
20
04
ANNUAL CONTRIBUTIONS (IN MILLIONS)
0
03
Total Texas Alumni: 193,556
136
1.0
20
total U.S. Alumni: 214,448
56
1.5
02
Consecutive years membership contributions have increased
38
10
119
120 28
45 5 35 21 83 6 34
2.0
20
3
9 192
MEMBERS BY STATE
20
Increase in Total Membership
41
76
70 91
27,154
2.3%
66 114 57
60
362
498
66
44
37
25
34
7
35
6
21 40
1
2015 financial impact student scholarships
$180,000+ Amount of money that was awarded through the TTAA Endowment Trust
186
Red Raiders who received scholarships through the TTAA Endowment Trust
Excellence Grant Program
Three grants worth
$30,000
TTU Virtual Life Program
Master of Social Work Program
Department of Kinesiology & Sport Management
student engagement student leadership reception
student alumni board
The TTAA hosted the
Texas Student Alumni Association, co-hosted the District IV CASE
second annual Student
ASAP Student Leadership Conference. More than 100 student leaders
Leadership Reception. More than 100 student leaders met and listened to former Texas Tech
The TTAA’s Student Alumni Board, along with the University of North
from the region spent two days networking and learning how to make their respective organizations and universities better.
legacies
President M. Duane
The Texas Tech Legacy
Nellis talk about the
Program provides children
importance of being a great leader and the good path they were already blazing.
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.
5,068
Legacies were registered in the Legacy Program as of Dec. 31, 2015, which was an increase of 1,607 from 2014.
our grads office of the president graduates
5,172 2015 graduates were given a year of free membership from the President’s Office The Texas Tech Alumni Association has partnered with the Office of the President to provide every undergraduate with a complimentary membership in the TTAA. This program is designed to engage new graduates and foster a lifelong connection with their alma mater.
1,721
Official Texas Tech Class Rings were sold in 2015
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.
mica r. endsley, ph.d.
m. dan howard, cpa
Terry E. Fuller
Chief Scientist United States Air Force Arlington, Virginia
Founder Howard, Cunningham, Houchin and Turner, LLP Lubbock, Texas
President Phoenix PetroCorp, Inc. Frisco, 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 sixth-generation Texan who served as the 10th president of the university. He was the first Texas Tech alumnus and first Hispanic to achieve that distinction. Jerry S. Rawls was selected as the 2015 recipient of the Lauro F. Cavazos Award.
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. Gerald Dolter, Ph.D., was selected as the 2015 recipient of the Distinguished Service 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 2015 Top Techsan Luncheon.
Joined by Raider Red, the 2015 Top Techsan Award winners are, from left, Robert Stubblefield, Scotty Hensler, Alicia Oliva Knight and Cory S. Powell.
2015 national board of directors Executive Committee President Tom C. Sellers ’77 Sulphur Springs
Immediate Past President Renée Underwood ’78 Lubbock
President Elect Linda Rutherford ’88 Carrollton
Endowment Trust Board and Alumni Board Finance Chairman William D. “Bill” Brown ’76 Austin
Executive Vice President & CEO Bill Dean, Ed. D. ’61, ’65, ’71 Lubbock
National Board of Directors
Special Positions Academic Recruiting Representative Peggy Adcox Maxwell ’76 Grapevine
Arcilia Acosta ’89 Dallas
Victor Hackett, Jr. ’76 Marlton, N.J.
Timothy Parker ’94, ’96 Roswell, N.M.
Ryan Barbles ’02 Houston
Art Hall ’96 San Antonio
John Redmon ’71 The Woodlands
Athletic Council Representative Carey Hobbs ’58 Waco
Nancy Birdwell ’74 Salado
ReBecca
Gary Shores ’63 Wichita Falls
Secretary & Legal Counsel John C. Sims ’65 Lubbock
Michelle Bleiberg ’89 Dallas Kristina Harris Butts ’01, ’04 Washington, D.C.
Student Alumni Board Representatives Dillon Harris ’16 Dwight, Ill. Thad C. Brock ’16 Henrietta
Heath Cheek ’03 Dallas Paul Foster ’80 San Antonio Mike Gayler ’81 Coppell
Texas Tech University Ex-Officio Representative Scott Cooksey ’80 Lubbock
Randy Golden ’77 Dallas
Heidelberg ’00 Midland Sandy Henry ’67 Lubbock
Jerry Smith ’65, ’67 Dallas
Staci Hernandez, M.D.
Barry Street ’79 Kress
’99, ’03 Georgetown
Bobby Waddle ’55 DeSoto
Nancy Isom ’80 Idalou
T. John Ward ’64 Longview
Ginger Kerrick ’91, ’93 Webster
Louis Bryant Williams, Jr. ’61 Kerrville
Vicki Nixon ’73 Lubbock
Texas Tech Alumni Association And Subsidiary Consolidated Statement of Financial Position For the years ended December 31, 2014 and 2015 Assets
2015
Cash & Cash Equivalents 1,468,557 Receivables Accounts Receivables 330,776 Contributions Receivables 72,983 Employee Receivables 2,366 Inventory — Prepaid Expenses 235,634 Restricted Cash and Receivables 290,808 Property and Equipment 5,794,091 Cash Surrender Value of Life Insurance Policies 240,776 Other Assets 2,658,581 Total Assets 11,094,572
Consolidated Statement of Activities For the years ended December 31, 2014 and 2015 2014
2,831,970 81,788 244,934 1,356 — 103,679 47,946 6,010,451 240,776 2,323,719 11,886,619
Liabilities & Net Assets Liabilities
306,664 9,678 121,261 127,313 22,835 — 85,169 163,325 — 836,244
343,106 — 145,223 126,213 46,559 316,197 22,552 73,470 — 1,073,320
Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets
9,981,547 — 276,780 10,258,327
10,524,577 — 288,722 10,813,299
Total Liabilities & Net Assets
11,094,572
11,886,619
Accounts Payable Retirement Payable Accrued Liabilities Payroll Liabilities Accrued Compensated Absences Ring Deposits Due to Affiliate(s) Deferred Revenues Notes Payable Total Liabilities Net Assets
Revenue
Sales and Commissions Contributions Unrestricted In-Kind Contributions University Support Restricted Sponsorships Rental Income Programs and Special Events 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 and Other Support
2015
2014
210,428
206,388
2,143,427 500 110,000 22,330 65,900 353,570 401,987 125,236 310,113 (12,526) — — 13,875 2,706 3,747,545 3,747,545
2,164,040 — 75,000 270,450 61,400 311,512 382,318 112,890 384,982 213,456 — (3,294) — 7,504 4,186,646 4,186,646
Program Expenses Fundraising Expenses Management & General Expenses Total Expenses
2,450,811 691,955 959,750 4,102,516
2,293,743 879,745 892,873 4,066,361
Increase in Net Assets from Operations Contributions to Endowment Trust
(354,971) (200,000)
120,285 (600,000)
10,813,299 10,258,327
11,293,014 10,813,299
Expenses
Net Assets, Beginning of the Year Net Assets, End of the Year Unaudited Financial Information Financial Information provided by Texas Tech Alumni Association Accounting Department