FY24 Year End Financials

Dear Crooms AoIT Alumni Association members and supporters,

We are pleased to present our FY24 consolidated income and balance sheet to provide full transparency into how your financial support is used. The Association's fiscal year runs from July 1, 2023 to June 30, 2024. The Association uses cash accounting but lines have been entered to recognize scholarships and brick order commitments made in FY24 that were not paid out during the fiscal year.

A summary of major activities includes:

A summary of our financials is detailed below:

  • The Association started the year with a fund balance (excluding existing commitments) of $4,121.51 in the General Fund and $3,881.26 in the "Brick" Fund (the "Brick" Fund was established in FY22 following the launch of the Crooms AoIT Alumni Panther Walk and is intended to provide support to Crooms AoIT Athletics).
  • After removing internal transfers, revenues of $4,396.32 were collected through memberships, donations, brick purchases, and other means - representing a 75% increase from FY23. The Association anticipated this significant increase in revenue in FY24 given a partnership with the Business Advisory Council (BAC) on brick sales.
  • After removing internal transfers, expenses of $3,613.07 were recognized - representing a 44% decrease largely due a lack of brick purchases in FY24 for the Crooms AoIT Alumni Panther Walk. Overhead (from PayPal transaction fees) accounted for approximately 1.4% of all expenses for the year.
  • An additional $2,200 remains to be disbursed for scholarships awarded during FY24.
  • An estimated $1,200 remains to be expensed for brick purchases during FY23 and FY24.

Fund balance (after commitments) ended at $5,386.02, representing an 23% decrease from the end of the previous year (after accounting for scholarship commitments). $2,150.15 of this fund balance is unrestricted in the General Fund while $3,235.87 is restricted in the "Brick Fund".

If you would like more details, we invite you review the attached spreadsheet which includes transaction level detail for the year. Donor information has been removed to protect the privacy of our donors. Do not hesitate to contact us if you should have any questions or concerns.

Thank you for your continued support.

Alumni Association provides $1,500 to Crooms AoIT Athletics

The Crooms AoIT Alumni Association is marking the end of the 2023-2024 school year by transferring $1,500 to the Crooms AoIT athletics department. This donation aims to support athletics teams and sports clubs in their efforts to provide a full and enriching academic experience to Crooms AoIT students during their high school years. This donation is possible thanks to the support of alumni and community partners through the 3rd year capital fundraising campaign for the Crooms AoIT Alumni Panther Walk.

During the summer, the Alumni Association will also make a to-be-determined contribution into a dedicated fund to support the Coach Geoffry Alan Haines Athletics Grant Program. This deposit will help ensure the sustainability of the Athletics Grant Program for an indefinite period into the future.

Alumni and community partners looking to specifically support Crooms AoIT athletics can directly support the team of their choice through the specialized donation page or support general athletics by purchasing a brick for the Crooms AoIT Alumni Panther Walk.

Crooms AoIT Alumni Association awards scholarships to two graduating seniors

The Crooms AoIT Alumni Association is proud to announce the winners of two scholarships being awarded by the Crooms AoIT Alumni Association to the Class of 2024.

The $1,200 Crooms AoIT Alumni Association Community Scholarship is being awarded to Aribelle B. The Community Scholarship is meant to honor a student not only for academic and extracurricular achievement, but also for dedication to community service. This year, through the multi-scholarship application process, we had 30 applicants, all with different strengths: high GPAs, involvement in school activities, and community involvement. But, Aribelle stuck out from this year's crowded pack of applicants for having all the above qualities while also being able to highlight how her experiences helped her grow as a person.

The Alumni Association is also proud to announce the return of the Tech Innovation Scholarship after a one year hiatus. The Tech Innovation Scholarship recognizes a graduating senior who has used their technical acumen to create or contribute to a technological project or product. We received a record TEN tech innovation project submissions this year. This student’s project stood out for its innovative use of web design, integration with Google's SSO, AI, and business savvy to create a stock research AI that could be commercialized. Parshva's project is impressive for a professional software engineer and that much more so for a high school student. His work highlights the true Tech Innovation that Crooms AoIT students can bring to their projects, organizations, and communities. The Crooms AoIT Alumni Association is pleased to present this year's $1,000 Tech Innovation Scholarship to Parshva P. Congrats to Parshva, and we cannot wait to see what you design next!

Congratulations, and best of luck to our scholarship winners, all of our applicants, and the Class of 2024 in your future endeavors. Go Panthers!

2024 Tech Innovation Scholarship Application Released for Seniors

The Crooms AoIT Alumni Association, Inc. is pleased to announce the release of the Crooms AoIT Alumni Association Tech Innovation Scholarship. The scholarship recognizes a Crooms AoIT graduating senior with a $1,000 scholarship in recognition of their technical acumen to create or contribute to a technological project or product, which could include:

  • Open source software you’ve contributed to or created
  • Animated or 3D video
  • Live video project
  • Website you have designed or built
  • Video game you have designed or built
  • Video game mods, maps, or scenarios
  • Robotics project
  • Network schematics
  • Graphic design artwork
  • Infographic
  • Data visualization or dashboard
  • Hardware design project (Arduino, Raspberry Pie, etc.)
  • BPA, SECME, Art Club, Gamers Club, class, etc. technical project
  • Any other technological project or product (including senior class portfolio projects)

The deadline for applications is Thursday March 15, 2024 by 11:59pm. The scholarship recipient will be notified shortly thereafter. We look forward to answering any questions you might have and carefully reviewing all applications received. Remember, this scholarship is only open to graduating Crooms AoIT seniors, so your chances of receiving the scholarship are quite high! If you have any questions, please reach out to scholarship@croomsalumni.com
Graduating seniors can find the application here: https://forms.gle/hVipwaGiWXa1pAS6A

About the Tech Innovation Scholarship: The 2024 iteration of the Crooms AoIT Alumni Association Tech Innovation Scholarship marks the return of the program after a hiatus last year. This year marks the 9th iteration the Tech Innovation Scholarship. The scholarship is one of two scholarship programs sponsored by the Crooms AoIT Alumni Association - the other being the Crooms AoIT Alumni Association Community Scholarship, which is now in its 18th year of continuous offering and is included as part of the Crooms AoIT Multi-Scholarship Application (an application that allows for Crooms AoIT students to apply for 14 different scholarship programs in one application).

Alumni Association awards Crooms AoIT Boys Basketball Team with $400 Coach Geoffry Alan Haines Athletics Grant

The Crooms AoIT Alumni Association, Inc. is proud to announce that it is providing this year’s Coach Geoffry Alan Haines Athletics Grant of $400 to the Crooms AoIT Boys Basketball Team. The grant will be used to support with the purchase of a basketball shooting machine for practice and off season workouts. The Alumni Association is excited to be able to support Panthers Athletics and the school with this type of long-term investment that will serve many Croomies now and into the future.

The money for this grant comes from a previously established Crooms AoIT Alumni Panther Walk athletics fund where alumni can purchase a brick with their name to be installed at our alma mater. Individuals interested in supporting the athletics grant program should consider purchasing a brick at https://brick.croomsalumni.com

Separately, the Crooms AoIT Alumni Association has partnered with the Crooms AoIT Athletics Department to create a specialized donation page that now available on the menu bar of the Crooms AoIT athletics page.


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