2024-03-22T08:59:08-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2022-07-01 576026334 CLEMSON ALUMNI ASSOCIATION CLEM 8646562345 CLEMSON ALUMNI CENTER 109 DANIEL DR CLEMSON SC 296313006 JEFF DUCKWORTH PRESIDENT 8646562345 2024-03-04 1 JEFF DUCKWORTH 999009999 1 AMY DOSIK P00536805 8642333981 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF DUCKWORTH CLEMSON ALUMNI CENTER 109 DANIEL DR CLEMSON SC 296313006 4452511 0 X HTTPS://ALUMNI.CLEMSON.EDU X 1958 SC TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL, SCIENTIFIC AND PROGRAMMATIC PURPOSES; TO SERVE ALUMNI IN PURSUIT OF THEIR CAREERS, RECOGNIZE THEIR ACCOMPLISHMENTS, PERPETUATE THEIR AFFECTION FOR CLEMSON UNIVERSITY, ENCOURAGE THEIR SUPPORT FOR ITS PROGRAMS, DEVELOPMENT, ATTRACT STUDENTS, AND FOSTER THE SENSE OF RESPONSIBILITY AMONG ALUMNI FOR UNIVERSITY SUPPORT. 21 21 1 150 0 0 133337 192511 1756509 2254322 766162 592026 200086 158707 2856094 3197566 0 0 0 0 0 572817 0 0 0 2536012 2527018 2536012 3099835 320082 97731 15897317 16840593 36033 204198 15861284 16636395 TO ENHANCE THE LIFELONG CLEMSON EXPERIENCE BY SERVING, INVOLVING, INFORMING AND ENGAGING OUR ALUMNI, CURRENT AND FUTURE STUDENTS, AND FRIENDS OF THE UNIVERSITY. 0 0 1499744 2254322 ALUMNI ENGAGEMENT - INVOLVE CLEMSON UNIVERSITY ALUMNI IN THE LIFE OF THE UNIVERSITY AND ITS STUDENTS WITH A GOAL OF CONTINUED CONNECTION AND SUPPORT OF THE UNIVERSITY. PROVIDE SUPPORT SERVICES TO INDIVIDUAL ALUMNI AND ALUMNI CHAPTERS AND GROUPS VIA NETWORKING, JOB FAIRS, AND TARGETED EVENTS, ACCOMPLISHED THROUGH ORGANIZED COMMUNICATION, MARKETING, AND OTHER SUPPORT INITIATIVES. 653249 ALUMNI EVENTS - ALUMNI ARE CONNECTED BY NUMEROUS AND VARIOUS ORGANIZED EVENTS INCLUDING THOSE RECOGNIZING OUTSTANDING ALUMNI VOLUNTEERS, HALLMARK CLASS REUNIONS SUCH AS THE 50TH REUNION, SEMI-ANNUAL CLASS RING CEREMONY FOR CURRENT STUDENTS/SOON-TO-BE ALUMNI AND THEIR FAMILIES, REGIONAL ALUMNI EVENTS, AND EVENTS COORDINATED IN CONJUNCTION WITH CLEMSON UNIVERSITY ATHLETICS. 2152993 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 22 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 SC X LISA MARCUS DIRECTOR ARO 8646561873 391 COLLEGE AVE STE 302 CLEMSON SC 29634 JEFF DUCKWORTH PRESIDENT 1.00 0.00 X X 0 0 0 DEB CONKLIN PRESIDENT-ELECT 1.00 0.00 X X 0 0 0 BEN MOODY TREASURER 1.00 0.00 X X 0 0 0 JALETTA SMITH SECRETARY 1.00 0.00 X X 0 0 0 GREGG MORTON DIRECTOR 1.00 0.00 X 0 0 0 MARK RICHARDSON DIRECTOR 1.00 2.00 X 0 0 0 BARBARA CULLUM DIRECTOR 1.00 0.00 X 0 0 0 ANN HUNTER DIRECTOR 1.00 0.00 X 0 0 0 BOB RIGGINS DIRECTOR 1.00 2.00 X 0 0 0 ASA BRIGGS DIRECTOR 1.00 0.00 X 0 0 0 SHAVONNE BROWN DIRECTOR 1.00 0.00 X 0 0 0 CHARLOTTE COBB DIRECTOR 1.00 0.00 X 0 0 0 KATIE CORNWELL DIRECTOR 1.00 0.00 X 0 0 0 RICHARD DOANE DIRECTOR 1.00 0.00 X 0 0 0 SARAH GUSTAFSON DIRECTOR 1.00 0.00 X 0 0 0 BEN LEADER DIRECTOR 1.00 0.00 X 0 0 0 MARQUE MACON DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN POWELL DIRECTOR 1.00 0.00 X 0 0 0 KAYLEY SEAWRIGHT DIRECTOR 1.00 0.00 X 0 0 0 GREG SMITH DIRECTOR 1.00 0.00 X 0 0 0 JAMETTA WHITE DIRECTOR 1.00 0.00 X 0 0 0 LEROY W BRASINGTON III EXECUTIVE DIRECTOR 37.50 0.00 X 0 189945 9284 0 189945 9284 0 0 1 0 ARAMARK EDUCATIONAL SERVICES LLC PO BOX 978839 DALLAS TX 75397 EVENT CATERING 148154 CLEMSON UNIVERSITY FOUNDATION PO BOX 1889 CLEMSON SC 296331889 ADMINISTRATIVE MANAGEMENT FEES 142591 2 33052 159459 192511 ALUMNI RING COMMISSIONS 900099 2018168 2018168 PROGRAMS AND EVENTS 900099 156294 156294 REGISTRATION FEES 900099 46563 46563 33297 33297 2254322 277417 277417 158707 158707 1569554 1254945 314609 314609 314609 3197566 2254322 0 750733 X 115960 115960 334907 286219 48688 8354 8354 78471 74125 4346 35125 22536 12589 35658 35658 16553 16553 284349 284349 435846 332323 103523 172138 160158 11980 76136 46229 29907 10662 3314 7348 90944 76457 14487 2382 2382 65416 754 64662 SHARED SERVICES 673511 546714 126797 OFFICIAL FUNCTIONS 650950 593879 57071 12473 1931 10542 3099835 2152993 946842 0 609373 879734 828221 322787 10364 28782 12479 19075 47640 41685 8337 5955 9562276 10262810 4858824 5318880 7443 2570 15897317 16840593 36033 204198 36033 204198 X 15566395 16313608 294889 322787 15861284 16636395 15897317 16840593 97731 677380 0 X 0 1 X 1 0 X X X 1 CLEMSON UNIVERSITY 576000254 6 1 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 X PART IV, SECTION A, LINE 5A THE NEW SUPPORTED ORGANIZATION IS CLEMSON UNIVERSITY, EIN: 57-6000254. ON APRIL 24, 2023, CLEMSON ALUMNI ASSOCIATION (CAA) REQUESTED A RECLASSIFICATION OF FOUNDATION STATUS AS A PUBLIC CHARITY. THE ORGANIZATION WAS GRANTED CLASSIFICATION AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). AS PART OF THIS PROCESS, CAA AMENDED AND RESTATED THEIR BYLAWS TO INCLUDE CU AS A SUPPORTED ORGANIZATION. ADDITIONALLY, CAA FILED AMENDED ARTICLES OF INCORPORATION WITH THE SOUTH CAROLINA SECRETARY OF STATE AND SIGNED AN AFFILIATION AGREEMENT WITH CU TO AUTHORIZE THIS CHANGE. PART IV, SECTION E, LINE 1C CAA SERVED ALUMNI IN PURSUIT OF THEIR CAREERS; RECOGNIZED THEIR ACCOMPLISHMENTS; PERPETUATED AMONG THEM A SENTIMENT OF AFFECTION FOR CLEMSON UNIVERSITY; ENCOURAGED THEIR SUPPORT FOR THE INSTITUTION'S PROGRAMS AND FUTURE DEVELOPMENT; ENCOURAGED THEIR ASSISTANCE IN ATTRACTING OUTSTANDING STUDENTS TO CLEMSON; FOSTERED THE SENSE OF RESPONSIBILITY AMONG ALUMNI TO SUPPORT THE UNIVERSITY THROUGH ANNUAL GIVING PROGRAMS WHICH STRENGTHEN THE FACULTY AND ENCOURAGE TEACHING, RESEARCH, AND SERVICE ACTIVITIES THROUGH ALUMNI PROFESSORSHIPS, FELLOWSHIPS, SCHOLARSHIPS AND PUBLIC SERVICE, TEACHING AND RESEARCH AWARDS; AND COMMITTED TO MAINTAINING AMONG FORMER STUDENTS A SPIRIT OF FELLOWSHIP AND GENUINE REGARD FOR ONE ANOTHER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14962769 110648 985057 470830 15587644 14246501 1600750 -437961 446521 14962769 11176119 20037 3487253 436908 14246501 11601681 -5291 420271 11176119 11346700 1000 668307 414326 11601681 1.00000 0.00000 0.00000 1 0 47640 41685 5955 5955 HEDGE FUNDS 2219867 F PRIVATE EQUITY 2584203 F PRIVATE REAL ASSETS 514810 F 5318880 X 3590597 677380 677380 2913217 284349 284349 3197566 2815486 0 2815486 284349 284349 3099835 PART V, LINE 4: ENDOWMENT FUNDS FOR THE CLEMSON ALUMNI ASSOCIATION EXIST TO SUPPORT ITS MISSION IN SERVING AND ENGAGING CLEMSON UNIVERSITY ALUMNI. PART X, LINE 2: CAA'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO CAA, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND 2022; ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 0 0 0 0 0 0 0 0 0 LEROY W BRASINGTON III EXECUTIVE DIRECTOR 0 179230 0 0 0 10715 0 9005 0 279 0 199229 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS AUTHORITY TO TAKE OFFICIAL ACTION BETWEEN MEETINGS OF THE FULL BOARD ON ALL MATTERS EXCEPT THOSE RELATED TO ORGANIZATIONAL STRUCTURE, PROPERTY TRANSACTIONS, AND OTHER ACTIONS REQUIRING TWO-THIRDS MAJORITY VOTE OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 4 CLEMSON ALUMNI ASSOCIATION (CAA) WAS GRANTED A RECLASSIFICATION OF FOUNDATION STATUS AS A PUBLIC CHARITY BY THE IRS TO A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). AS PART OF THIS PROCESS THE ORGANIZATION AMENDED AND RESTATED THEIR BYLAWS TO INCLUDE CLEMSON UNIVERSITY (CU), EIN: 57-6000254, AS A SUPPORTED ORGANIZATION. CAA FILED AMENDED ARTICLES OF INCORPORATION WITH THE SOUTH CAROLINA SECRETARY OF STATE AND SIGNED AN AFFILIATION AGREEMENT WITH CU TO AUTHORIZE THIS CHANGE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN CLEMSON ALUMNI ASSOCIATION IS LIMITED TO THE ALUMNI OF CLEMSON UNIVERSITY. SHOULD THERE BE ISSUES PRESENTED TO THE MEMBERSHIP BODY BY THE BOARD OF DIRECTORS, MEMBERS HAVE THE RIGHT TO VOTE ON SUCH AT A CALLED ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A FOUR DIRECTORS OF CAA ARE EX OFFICIO DIRECTORS AS FOLLOWS: (I) THE CHAIRMAN OF THE BOARD OF TRUSTEES OF CLEMSON UNIVERSITY, (II) THE CHAIRMAN OF THE BOARD OF VISITORS OF CLEMSON UNIVERSITY, (III) THE CHAIRMAN OF THE BOARD OF DIRECTORS OF CLEMSON UNIVERSITY FOUNDATION, AND (IV) THE PRESIDENT OF THE BOARD OF DIRECTORS OF IPTAY. THESE INDIVIDUALS MAY APPOINT A MEMBER OF HIS OR HER RESPECTIVE BOARD TO SERVE IN HIS OR HER STEAD FOR SUCH TIME AS THEY SERVE IN THEIR RESPECTIVE ROLE. FORM 990, PART VI, SECTION A, LINE 8B ALL ITEMS OF ACTION FROM ALL COMMITTEES WENT TO THE FULL BOARD FOR ACTION AND HAVE THEREFORE BEEN DOCUMENTED IN THE FULL BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS, WITH THE FINANCE AND RISK COMMITTEE OF THE BOARD HAVING SPECIFIC RESPONSIBILITY FOR THE DETAILED REVIEW OF THE FORM 990 AND ADDRESSING ANY QUESTIONS FROM THE BOARD AS A WHOLE. THESE ACTIONS OCCUR PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CLEMSON ALUMNI ASSOCIATION BOARD MEMBERS AND OFFICERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY FOR REVIEW AND SIGNATURE. ANY DIRECTOR OR OFFICER WHO HAS A CONFLICT SHALL MAKE A PROMPT AND FULL DISCLOSURE TO THE BOARD OF DIRECTORS PRIOR TO ANY ACTION ON SUCH CONTRACT OR TRANSACTION BY THE BOARD OF DIRECTORS. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE ON, NOR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE IN (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO SUCH CONTRACT OR TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 EACH CAA EMPLOYEE RECEIVES ON-GOING FEEDBACK ON THEIR PERFORMANCE FROM THEIR SUPERVISOR, INCLUDING AN ANNUAL PERFORMANCE REVIEW SPANNING THE DURATION OF A 12-MONTH PERIOD. IN THE CASE OF THE CEO, THE BOARD CHAIR FACILITATES THIS PERFORMANCE REVIEW PROCESS IN CONSULTATION WITH THE BOARD MEMBERSHIP. AS A RESULT OF THIS ONGOING PERFORMANCE REVIEW PROCESS AND IN CONJUNCTION WITH THE ANNUAL BUDGETING PROCESS, CAA EMPLOYEES WILL BE RECOMMENDED FROM TIME TO TIME BY THEIR SUPERVISOR FOR EITHER COST-OF-LIVING BASED COMPENSATION ADJUSTMENTS OR MERIT-BASED INCREASES, AS WARRANTED. THESE RECOMMENDATIONS ARE ULTIMATELY REVIEWED AND, WHERE APPROVED BY THE CEO, INCORPORATED INTO THE ORGANIZATION'S ANNUAL BUDGET WHICH IS REVIEWED AND APPROVED BY THE BOARD'S FINANCE COMMITTEE AND SUBSEQUENTLY THE FULL BOARD OF DIRECTORS. ADDITIONALLY, THE ORGANIZATION MAINTAINS A COMMITMENT TO REGULARLY MONITORING MARKET DATA ON COMPENSATION AS A MEANS OF BENCHMARKING. FORM 990, PART VI, SECTION C, LINE 19 CLEMSON ALUMNI ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 296,236. MANAGEMENT AND GENERAL EXPENSES 80,166. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 376,402. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 36,087. MANAGEMENT AND GENERAL EXPENSES 23,357. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,444. CLEMSON UNIVERSITY G06 SIKES HALL CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY EDUCATING UNDERGRADUATE AND GRADUATE STUDENTS SC 170(C)(1) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CLEMSON UNIVERSITY O 673511 BOOK VALUE