Fraternity And Sorority Action Fund
- Assets
- $908.2k
- Revenue
- $326.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-4906970
Organization Overview
Fraternity And Sorority Action Fund is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fraternity And Sorority Action Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Fraternity And Sorority Action Fund generated $326.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $553.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FRATERNITY AND SORORITY ACTION FUND EXISTS TO PROMOTE AND ADVOCATE FOR THE FRATERNAL COMMUNITY IN FUNDING INITIATIVES SUCH AS GRASSROOTS ENGAGEMENT, PUBLIC RELATIONS, RESEARCH, LITIGATION AND STATE LEGISLATION DEVELOPMENT ON TOPICS OF HAZING, FREEDOM OF ASSOCIATION/ASSEMBLY, TITLE IX, AND ZONING TO NAME SOME CURRENT AND PAST EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND ADVOCACY FOR THE FRATERNAL COMMUNITY:DURING THE YEAR, THE ORGANIZATION SUPPORTED CHALLENGES TO A SCHOOL'S POLICY TO FORCE DEFERRED RECRCUITMENT AT THE SCHOOL. DURING THE YEAR, THE ORGANIZATION SUPPORTED CHALLENGING THE MULTI-YEAR SUSPENSION OF A CHAPTER BY A SCHOOL WITHOUT DUE PROCESS. DURING THE YEAR, THE ORGANIZATION LAUNCHED THE FREEDOM OF ASSOCIATION INSTITUTE. THIS PILOT PROGRAM TEACHES STUDENT MEMBERS ABOUT FREEDOM OF ASSOCIATION RIGHTS, AND CHALLENGES TO THOSE RIGHTS ON COLLEGE CAMPUSES TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Wiese President | OfficerTrustee | 10 | $0 |
Sarah Lindsay Vice President | OfficerTrustee | 1 | $0 |
Howard Pickett Treasurer | OfficerTrustee | 1 | $0 |
Judy Schmuck Secretary | OfficerTrustee | 1 | $0 |
Andrea Bechtel Board Member | Trustee | 1 | $0 |
Julie Burkhard Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zalkind Ducan & Bernstein Legal Services | 12/30/20 | $209,681 |
Arnold & Porter Kaye Scholer Llp Legal Services | 12/30/20 | $449,635 |
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 | $291,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,965 |
| Total Program Service Revenue | $0 |
| Investment income | $17,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,352 |
| 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. | $18,350 |
| Compensation of current officers, directors, key employees. | $18,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,743 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $260 |
| All other expenses | $3,962 |
| Total functional expenses | $553,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,217 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $860,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $908,153 |
| 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 | $68 |
| Total liabilities | $68 |
| Net assets without donor restrictions | $892,741 |
| Net assets with donor restrictions | $15,344 |
| 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 | $908,153 |
Grants Awarded
Over the last fiscal year, Fraternity And Sorority Action Fund has awarded $60,352 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH AMERICAN INTERFRATERNITY CONFERENCE PURPOSE: GRANT PROVIDED TO ASSIST ORGANIZATION WITH OPERATIONAL EXPENSES | $40,352 |
THE NATIONAL PANHELLENIC CONFERENCE PURPOSE: GRANT PROVIDED TO ASSIST ORGANIZATION WITH OPERATIONAL EXPENSES | $20,000 |