Alpha Sigma Phi Foundation Inc
- Assets
- $15.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 11/2004
- Data as of
- 06/2021
- EIN
- 14-1908351
Organization Overview
Alpha Sigma Phi Foundation Inc is located in Carmel, IN. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Sigma Phi Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Alpha Sigma Phi Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alpha Sigma Phi Foundation Inc has awarded 16 individual grants totaling $3,039,502. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO PROMOTE EDUCATION AND LEADERSHIP WITHIN ALPHA SIGMA PHI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES ACADEMIC SCHOLARSHIPS FOR FURTHERING ACADEMIC STUDIES AND EDUCATIONAL PROGRAMMING SCHOLARSHIPS WHICH PROVIDE ADDITIONAL OPPORTUNITIES FOR MEMBERS TO ATTEND LEADERSHIP TRAINING.
THE FOUNDATION PROVIDES FUNDING FOR LEADERSHIP AND EDUCATIONAL PROGRAMMING SUCH AS THE ACADEMY OF LEADERSHIP, THE BETTER MAN WEEKEND, THE RALPH F. BURNS LEADERSHIP INSTITUTE, ELEVATE: THE NATIONAL LEADERSHIP CONFERENCE, SIG EXPERIENCE, RESPONSIBLE SIG ALONG WITH ACADEMIC AND NEEDS BASED SCHOLARSHIPS THROUGH EDUCATIONAL GRANTS TO ALPHA SIGMA PHI FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Davis Secretary | OfficerTrustee | 1 | $0 |
William R Doyle Chairman | OfficerTrustee | 1 | $0 |
Kevin Garvey Chairman Ele | OfficerTrustee | 1 | $0 |
Matt Maurer Treasurer | OfficerTrustee | 1 | $0 |
Gordon F Heminger President & | Officer | 1 | $0 |
Rick Buss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $234,708 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $665,063 |
| Noncash contributions included in lines 1a–1f | $234,708 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,771 |
| Total Program Service Revenue | $0 |
| Investment income | $432,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,320 |
| Net Gain/Loss on Asset Sales | -$187,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,283,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $386,011 |
| Grants and other assistance to domestic individuals. | $106,280 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,619 |
| Pension plan accruals and contributions | $34,198 |
| Other employee benefits | $16,294 |
| Payroll taxes | $23,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140 |
| Fees for services: Accounting | $33,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,440 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,071 |
| Travel | $3,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,770 |
| Insurance | $25,248 |
| All other expenses | -$26,664 |
| Total functional expenses | $1,120,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $581,319 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $85,153 |
| Net Land, buildings, and equipment | $575,858 |
| Investments—publicly traded securities | $13,773,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,467 |
| Total assets | $15,473,331 |
| Accounts payable and accrued expenses | $16,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,581 |
| Total liabilities | $110,170 |
| Net assets without donor restrictions | $8,084,379 |
| Net assets with donor restrictions | $7,278,782 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,473,331 |
Grants Awarded
Over the last fiscal year, Alpha Sigma Phi Foundation Inc has awarded $565,116 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Carmel, IN PURPOSE: EDUCATIONAL, LEADERSHIP, AND CHARACTER DEVELOPMENT PROGRAMS | $560,000 |
New Wilmngtn, PA PURPOSE: EDUCATIONAL PORTION OF BUILDING UPDATES | $5,116 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Alpha Sigma Phi Foundation Inc has recieved totaling $95,542.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $42,139 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,293 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,940 |
Lassiter Family Charitable Foundation Inc Atlanta, GA PURPOSE: YOUTH DEVELOPMENT | $5,000 |
Faf Foundation Chicago, IL PURPOSE: SCHOLARSHIPS AND FINANCIAL AID | $5,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $880 |
Endowment Analysis
| Beg. Balance | $5,488,825 |
| Earnings | $1,158,537 |
| Admin Expense | $113,494 |
| Net Contributions | $335,299 |
| Other Expense | $185,328 |
| Grants | $117,492 |
| Ending Balance | $6,566,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |