Alpha Tau Omega Fraternity
- Assets
- $3.0m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Indianapolis, IN
- Founding
- 01/1941
- Data as of
- 08/2023
- EIN
- 37-0152140
Organization Overview
Alpha Tau Omega Fraternity is located in Indianapolis, IN. The organization was established in 1941. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Alpha Tau Omega Fraternity employed 29 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Tau Omega Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Alpha Tau Omega Fraternity generated $6.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.6m during the year ending 08/2023. While expenses have increased by 6.9% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND CULTIVATE SOCIAL INTERACTION, EDUCATION, TRAINING, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRATERNITY PROVIDES TRAINING, GUIDANCE, SUPPORT, AND VARIOUS SERVICES TO MEMBERS TO ADVANCE EXEMPT PURPOSE AND PROVIDE SOCIAL AND EDUCATIONAL PROGRAMS TO ENHANCE COLLEGIATE EXPERIENCES.
THE FRATERNITY PUBLISHES AND CIRCULATES A NEWSLETTER AND QUARTERLY MAGAZINE TO ITS MEMBERS TO ADVANCE ITS EXEMPT PURPOSE.
THE FRATERNITY CONDUCTS BIENNIAL LEADERSHIP CONFERENCES FOR ITS MEMBERS TO TEACH LEADERSHIP SKILLS AND COMMUNITY SERVICE TO CARRY OUT ITS EXEMPT PURPOSE.
THE FRATERNITY CONDUCTS A RISK MANAGEMENT PROGRAM FOR ITS MEMBER CHAPTERS TO ENABLE THEM TO MAXIMIZE THE USE OF PROPERTY DEDICATED TO THE EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reverend G Comforted Keen Chaplain | Trustee | 1 | $0 |
Robert B O'neal Director | Trustee | 1 | $0 |
G Coble Caperton Director | Trustee | 1 | $0 |
Ryan Mahoney Director | Trustee | 1 | $0 |
Kevin E Kyde Secretary | Trustee | 1 | $0 |
Austin F Pennington Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $281,962 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,962 |
| Total Program Service Revenue | $5,840,211 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $93,687 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,383,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| 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. | $349,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,209,292 |
| Pension plan accruals and contributions | $58,367 |
| Other employee benefits | $163,970 |
| Payroll taxes | $109,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,378 |
| Fees for services: Accounting | $42,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290,264 |
| Advertising and promotion | $2,298 |
| Office expenses | $96,287 |
| Information technology | $76,184 |
| Royalties | $0 |
| Occupancy | $370,335 |
| Travel | $891,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,383 |
| Insurance | $1,179,243 |
| All other expenses | $93,109 |
| Total functional expenses | $5,611,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $942,807 |
| Savings and temporary cash investments | $183,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $661,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,625 |
| Prepaid expenses and deferred charges | $290,767 |
| Net Land, buildings, and equipment | $437,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,967 |
| Total assets | $2,983,000 |
| Accounts payable and accrued expenses | $517,404 |
| Grants payable | $0 |
| Deferred revenue | $868,456 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,535,860 |
| Net assets without donor restrictions | $1,447,140 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,983,000 |