Alpha Tau Omega Foundation
- Assets
- $22.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 06/1973
- Data as of
- 12/2021
- EIN
- 23-7154214
Organization Overview
Alpha Tau Omega Foundation is located in Indianapolis, IN. The organization was established in 1973. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Alpha Tau Omega Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Tau Omega Foundation 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 12/2021, Alpha Tau Omega Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alpha Tau Omega Foundation has awarded 54 individual grants totaling $6,107,306. 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
TO PROMOTE ACADEMIC, CHARACTER, VALUES AND LEADERSHIP DEVELOPMENT THROUGH GRANTS, SCHOLARSHIPS, AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS TO ALPHA TAU OMEGA FRATERNITY AND OTHERS TO SUPPORT LEADERSHIP DEVELOPMENT AND OTHER EDUCATIONAL PROGRAMS. SCHOLARSHIPS TO INDIVIDUALS TO PROMOTE HIGHER EDUCATION. THESE PROGRAMS IMPACT COLLEGIATE MEMBERS OF ALPHA TAU OMEGA FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Clark Vice Chairman | OfficerTrustee | 2 | $0 |
Gerald S Papazian Chairman | OfficerTrustee | 2 | $0 |
David L Bomberger Director | OfficerTrustee | 2 | $0 |
J Philip Bender Jr Secretary | OfficerTrustee | 1 | $0 |
Charles M Paulk Jr Treasurer | OfficerTrustee | 2 | $0 |
Wynn R Smiley President/ceo | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,053,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,053,293 |
| Total Program Service Revenue | $0 |
| Investment income | $1,395,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $331,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,854,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,701,261 |
| Grants and other assistance to domestic individuals. | $250,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,778 |
| Compensation of current officers, directors, key employees. | $18,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,537 |
| Payroll taxes | $20,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,761 |
| Fees for services: Accounting | $56,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $36,066 |
| Fees for services: Other | $23,323 |
| Advertising and promotion | $0 |
| Office expenses | $108,635 |
| Information technology | $3,768 |
| Royalties | $0 |
| Occupancy | $28,944 |
| Travel | $37,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,822 |
| Insurance | $8,267 |
| All other expenses | $0 |
| Total functional expenses | $2,710,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $9,350 |
| Net Land, buildings, and equipment | $24,787 |
| Investments—publicly traded securities | $20,191,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,108,649 |
| Total assets | $22,317,414 |
| Accounts payable and accrued expenses | $18,641 |
| 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 | $155,718 |
| Total liabilities | $174,359 |
| Net assets without donor restrictions | $1,658,178 |
| Net assets with donor restrictions | $20,484,877 |
| 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 | $22,317,414 |
Grants Awarded
Over the last fiscal year, Alpha Tau Omega Foundation has awarded $1,701,261 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA TAU OMEGA CORPORATION PURPOSE: HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE | $702,854 |
IGG OF ALPHA TAU OMEGA PURPOSE: HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE | $523,220 |
Raleigh, NC PURPOSE: REQUEST TO REMOVE MONEY FROM ATO FOUNDATION INTO LOCAL FOUNDATION | $253,800 |
Indianapolis, IN PURPOSE: NATIONAL PROGRAMS - VALIANT/ ENCOUNTER/ CONGRESS/ PRESIDENTS RETREAT/ ARCHIVAL SERVICES/TALKSPACE | $141,699 |
Indianapolis, IN PURPOSE: HOUSING GRAND REQUEST BASED ON EDUCATIONAL PERCENTAGE | $23,872 |
EVERFI INC PURPOSE: GREEKLIFEEDU PROGRAM FROR 2021 | $22,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Tau Omega Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Nancy Nichols Olson Foundtion Belvidere, IL PURPOSE: CHARITY | $2,000 |
Endowment Analysis
| Beg. Balance | $20,366,352 |
| Earnings | $2,397,496 |
| Admin Expense | $120,890 |
| Net Contributions | $2,053,293 |
| Other Expense | $583,574 |
| Grants | $1,969,622 |
| Ending Balance | $22,143,055 |
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 |