Alpha Delta Pi Building Corporation
- Assets
- $14.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Tuscaloosa, AL
- Founding
- 00/0000
- Data as of
- 06/2023
- EIN
- 23-7176700
Organization Overview
Alpha Delta Pi Building Corporation is located in Tuscaloosa, AL. The organization was established in 0000. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, 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 Delta Pi Building Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2023, Alpha Delta Pi Building Corporation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS AND HOUSING FOR THE LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEALS AND HOUSING FOR THE LOCAL SOCIAL FRATERNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Mccracken Director | Trustee | $0 | |
Evie Carrier Secretary | Officer | $0 | |
Ashley Green President | Officer | $0 | |
Anne Lipscomb Treasurer | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
College Fresh Catering | 6/29/22 | $202,671 |
Harrison Construction Co Property Mgmt | 6/29/22 | $142,986 |
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 | $4,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,365 |
| Total Program Service Revenue | $1,994,864 |
| Investment income | $22,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,021,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $39,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,921 |
| Payroll taxes | $16,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $704,489 |
| Travel | $0 |
| 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 | $441,890 |
| Insurance | $0 |
| All other expenses | $7,035 |
| Total functional expenses | $2,080,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,662,667 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,533,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,088 |
| Total assets | $14,196,798 |
| Accounts payable and accrued expenses | $44,961 |
| Grants payable | $0 |
| Deferred revenue | $972,662 |
| 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 | $5,473,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,914 |
| Total liabilities | $6,510,300 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $7,686,498 |
| Total liabilities and net assets/fund balances | $14,196,798 |
Grants Awarded
Over the last fiscal year, Alpha Delta Pi Building Corporation has awarded $9,874 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: BUILDING FUND | $4,874 |
ALPHA DELTA PI FOUNDATION PURPOSE: TO PROMOTE THE MISSION OF THE ALPHA DELTA PI FOUNDATION | $5,000 |