Alpha Chi Omega Foundation Inc
- Assets
- $28.9m
- Revenue
- $7.5m
- Investments
- $4.0m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 09/1979
- Data as of
- 07/2022
- EIN
- 31-0949882
Organization Overview
Alpha Chi Omega Foundation Inc is located in Indianapolis, IN. The organization was established in 1979. 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 Chi Omega 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 07/2022, Alpha Chi Omega Foundation Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $5.6m during the year ending 07/2022. While expenses have increased by 10.5% 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 2015, Alpha Chi Omega Foundation Inc has awarded 301 individual grants totaling $14,828,691. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REALIZE AND SUSTAIN THE EDUCATIONAL AND PHILANTHROPIC VALUES OF ALPHA CHI OMEGA THROUGH SUCCESSFUL FUNDRAISING AND STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO FRATERNITY: PROVIDE GRANTS TO THE ALPHA CHI OMEGA FRATERNITY TO SUPPORT EDUCATIONAL AND PHILANTHROPIC PROGRAMS.
CHAPTER HOUSING GRANTS: PROVIDE GRANTS TO THE ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION AND ALPHA CHI OMEGA LOCAL HOUSING CORPORATIONS IN SUPPORT OF THE EDUCATIONAL PORTION OF CHAPTER HOUSING IMPROVEMENT PROJECTS.
COMMUNITY IMPACT: ALPHA CHI OMEGA WORKS THROUGHOUT THE NATION TO BUILD AWARENESS OF DOMESTIC VIOLENCE. CHAPTERS WORK WITH LOCAL DOMESTIC VIOLENCE ORGANIZATIONS TO RAISE FUNDS AND AWARENESS. THE EDUCATION AND LEADERSHIP INITIATIVES DEPARTMENT DEVELOPS NATIONAL OPPORTUNITIES TO SUPPORT THIS CAUSE AND ASSISTS INDIVIDUAL CHAPTERS IN THEIR EFFORTS. MAJOR FUNDRAISING INITIATIVES OCCUR IN OCTOBER (DOMESTIC VIOLENCE AWARENESS MONTH) AND FEBRUARY (HEALTHY RELATIONSHIPS WEEK).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Tatum Secretary | OfficerTrustee | 4 | $0 |
Kori Whitener Fellows Chair | OfficerTrustee | 10 | $0 |
Anne Teaford-Cantor Treasurer | OfficerTrustee | 4 | $0 |
Katie Lampinen Gaffin CEO | Officer | 10 | $0 |
Julie Goldsberry Senior Financial Controller | Officer | 12 | $0 |
Cassie Gerhardt National Council Trustee | Trustee | 4 | $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 | $5,395,666 |
| Noncash contributions included in lines 1a–1f | $246,906 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,395,666 |
| Total Program Service Revenue | $26,491 |
| Investment income | $1,313,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $673,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,451,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,087,626 |
| Grants and other assistance to domestic individuals. | $440,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,192 |
| Compensation of current officers, directors, key employees. | $61,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $733,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,765 |
| Payroll taxes | $57,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,756 |
| Fees for services: Accounting | $18,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,623 |
| Fees for services: Other | $87,620 |
| Advertising and promotion | $0 |
| Office expenses | $193,213 |
| Information technology | $66,853 |
| Royalties | $0 |
| Occupancy | $66,204 |
| Travel | $133,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,366 |
| Insurance | $0 |
| All other expenses | $4,221 |
| Total functional expenses | $5,565,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,311,153 |
| Savings and temporary cash investments | $571,971 |
| Pledges and grants receivable | $2,062,214 |
| Accounts receivable, net | $11,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $473,176 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,637 |
| Net Land, buildings, and equipment | $38,403 |
| Investments—publicly traded securities | $20,300,042 |
| Investments—other securities | $3,962,825 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,328 |
| Total assets | $28,935,274 |
| Accounts payable and accrued expenses | $405,495 |
| Grants payable | $0 |
| Deferred revenue | $652,337 |
| 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 | $0 |
| Total liabilities | $1,057,832 |
| Net assets without donor restrictions | $3,186,714 |
| Net assets with donor restrictions | $24,690,728 |
| 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 | $28,935,274 |
Grants Awarded
Over the last fiscal year, Alpha Chi Omega Foundation Inc has awarded $2,865,214 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
PURPOSE: CHAPTER HOUSING GRANT | $1,045,542 |
Indianapolis, IN PURPOSE: EDUCATIONAL GRANT | $600,000 |
Indianapolis, IN PURPOSE: CHAPTER HOUSING GRANT | $142,764 |
Lubbock, TX PURPOSE: CHAPTER HOUSING GRANT | $137,265 |
Ft Worth, TX PURPOSE: PHILANTHROPIC GRANT | $107,221 |
Bryan, TX PURPOSE: PHILANTHROPIC GRANT | $46,320 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Alpha Chi Omega Foundation Inc has recieved totaling $343,202.
| Awarding Organization | Amount |
|---|---|
Alpha Chi Omega Fraternity Inc Indianapolis, IN PURPOSE: PHILANTHROPIC GRANT | $141,333 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $77,450 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $70,212 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $19,300 |
Bates Family Foundation Tacoma, WA PURPOSE: PAYMENT FOR THE BENEFIT OF THE ORGANIZATION | $10,000 |
H & H Lee Charitable Foundation Newport Beach, CA | | $10,000 |
Endowment Analysis
| Beg. Balance | $18,536,141 |
| Earnings | -$1,585,799 |
| Admin Expense | $76,623 |
| Net Contributions | $1,637,261 |
| Grants | $845,575 |
| Ending Balance | $17,665,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |