Acacia Fraternity Foundation Inc
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Carmel, IN
- Founding
- 10/1989
- Data as of
- 06/2023
- EIN
- 35-1778332
Organization Overview
Acacia Fraternity Foundation Inc is located in Carmel, IN. The organization was established in 1989. 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. Acacia Fraternity 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 06/2023, Acacia Fraternity Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $807.1k 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
THE ACACIA FRATERNITY FOUNDATION RAISES FUNDS TO 1 SUPPORT THE QUALIFIED EDUCATIONAL ACTIVITIES OF ACACIA FRATERNITY, INC. AND ITS LOCAL CHAPTERS AND 2 PROVIDE SCHOLARSHIPS TO COLLEGE AND UNIVERSITY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALIFIED EDUCATIONAL GRANTS TO ACACIA FRATERNITY, INC AND ITS LOCAL CHAPTERS
SCHOLARSHIPS TO COLLEGE AND UNIVERSITY STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwyte E Brooks DMD Director | Trustee | 0.5 | $0 |
Gerald C Cook Director | Trustee | 0.5 | $0 |
John C Davis Director | Trustee | 0.5 | $0 |
Brian R Durst Director | Trustee | 0.5 | $0 |
David L Ferguson Director | Trustee | 0.5 | $0 |
Guy Gebhardt Secretary | OfficerTrustee | 1 | $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 | $1,096,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,096,505 |
| Total Program Service Revenue | $0 |
| Investment income | -$10,012 |
| 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 | $1,086,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $272,591 |
| Grants and other assistance to domestic individuals. | $107,512 |
| 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 | $97,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,480 |
| Payroll taxes | $7,662 |
| Fees for services: Management | $53,114 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,577 |
| Fees for services: Other | $9,025 |
| Advertising and promotion | $60,000 |
| Office expenses | $1,658 |
| Information technology | $2,357 |
| Royalties | $0 |
| Occupancy | $56,856 |
| Travel | $13,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,911 |
| All other expenses | $0 |
| Total functional expenses | $807,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,632 |
| Savings and temporary cash investments | $40,005 |
| 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 | $49,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,789,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,680 |
| Total assets | $4,043,443 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $568,422 |
| Net assets with donor restrictions | $3,475,021 |
| 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 | $4,043,443 |