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Posts tagged ‘Porter S Garner’

26
May

Executive Compensation at the Association of Former Students of Texas A & M (Aggie Network)

The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network.  A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Texas A & M alumni network.

A relatively small non-profit, the Aggie Network raised about $30 million in 2020, most of which came from contributions, gifts, and grants ($22 million).  Expenses were $18 million with the largest expense reported to be compensation.

166 employees received $7 million in compensation which equates to an average of $42,000.  10 employees received more than $100,000 in compensation: Read more »

24
May

How Alumni Dollars are Spent at the Association of Former Students of Texas A & M (Aggie Network)

The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network.  A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Aggie Network.  How do they do this?  The short answer is they raise revenue (about $30 million in 2020) and spend about 40% on programs (i.e. receptions, events, and other activities), 10% on general and administrative expenses and 10% on fundraising while the remaining funds (40%) are allocated to the general fund allowing the organization to accumulate $144 million in net assets. Read more »