Fiscal year 2010-11 brought many changes to the UCLA Alumni Association, both financial and programmatic. Through all the changes, the Association recognized its first priority — to create opportunities and encourage alumni involvement at UCLA, and to help alumni build relationships with one another.
Condensed Balance Sheet
Sections 6321 and 6322 of the California Corporations Code and Section 12.2 of Article XII of the bylaws of the UCLA Alumni Association require that an annual report be provided to all members. In satisfaction of these requirements, this page includes the Association's revenues and expenses for the 2010-11 fiscal year and a comparison of the condensed balance sheets as of June 30, 2010 and June 30, 2011.
| 2010 | 2011 | |
| Assets | ||
|---|---|---|
| Cash & Short Term Investments | $7,504 | $76,988 |
| Accounts & Interest Receivable | 256,348 | 279,624 |
| Other Assets | 377,495 | 374,706 |
| Investments (at Fair Value) | 13,767,810 | 15,502,643 |
| Total Assets | $14,409,157 | $16,233,961 |
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| Liabilities | ||
| University of California, Los Angeles | $335,279 | $403,696 |
| Accounts Payable & Accrued Expenses | 24,902 | 72,874 |
| Grant Payable, Net | 304,542 | 259,769 |
| Deferred Revenue | 128,415 | 40,247 |
| Total Liabilities | $793,138 | $776,586 |
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| Net Assets | ||
| Working Capital | $606,167 | $617,171 |
| Opportunity Fund | 297,880 | 331,857 |
| Life Membership Fund/Long Term Fund | 12,711,972 | 14,508,347 |
| Total Net Assets | $13,616,019 | $15,457,375 |
| Total & Net Assets | $14,409,157 | $16,233,961 |
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| Revenues, Support & Gains | ||
| Membership Dues | $1,383,728 | $1,522,955 |
| Royalties & Corporate Sponsorship | 1,116,198 | 1,061,141 |
| Travel Commissions | 204,840 | 225,556 |
| Bruin Woods | 105,738 | 83,000 |
| UCLA Foundation Support | 400,000 | 400,000 |
| Program Income | 324,429 | 322,964 |
| University Support | 155,000 | 155,000 |
| Investment Income | 965,581 | 779,497 |
| Net Realized & Unrealized Gains (Losses) in Investments | $621,456 | $1,392,840 |
| Total Revenues, Support, & Gains | $5,276,970 | $5,942,953 |
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| Expenses | ||
| Program Expenses | ||
| Advocacy | $13 | $3,348 |
| Alumni Relations | 94,937 | 62,370 |
| Networks | 76,331 | 26,980 |
| Fundraising | 16,983 | 23,523 |
| Scholarships | 54,642 | 61,706 |
| Student Activities & Development | 168,313 | 207,848 |
| Travel | 28,236 | 26,887 |
| Volunteer Relations | $62,207 | $50,530 |
| Support Services | ||
| Administration | $485,210 | $216,118 |
| Donor Wall | 17,359 | 15,227 |
| Marketing | 321,896 | 268,215 |
| Membership | 310,108 | 333,546 |
| Strategic Initiatives | 254,800 | |
| Salaries & Benefits, Full Time Employees | 2,235,253 | 2,415,666 |
| Salaries & Benefits. Students Staff | 315,606 | 134,833 |
| Total Expenses | $4,187,094 | $4,101,597 |
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| Net Assets [Beginning of Year] | $12,526,143 | $13,616,019 |
| Net Assets [End of Year] | $13,616,019 | $15,457,375 |
