Phi Alpha Delta Law Fraternity
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Towson, MD
- Founding
- 04/1945
- Data as of
- 05/2022
- EIN
- 95-1105025
Organization Overview
Phi Alpha Delta Law Fraternity is located in Towson, MD. The organization was established in 1945. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2022, Phi Alpha Delta Law Fraternity employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Alpha Delta Law Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Phi Alpha Delta Law Fraternity generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.0m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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
PROMOTING PROFESSIONAL COMPETENCY AND ACHIEVEMENT WITHIN THE LEGAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAW/PRE-LAW THE LAW PROGRAM REFERS TO THE PROGRAMS DEALING WITH THE LAW STUDENTS AND ALUMNI. THE MAIN GOAL AND PURPOSE IS TO PROVIDE SERVICE TO THE STUDENT, SCHOOL, PROFESSION, AND COMMUNITY. THE PRE-LAW PROGRAM WAS FOUNDED WITH THE SPECIFIED PURPOSE OF PROVIDING A LEARNING AND LEADERSHIP ENVIRONMENT FOR UNDERGRADUATE STUDENTS INTERESTED IN THE LAW.
CONVENTION/ PRE-LAW CONFERENCE/ OTHER CONFERENCES THE CONVENTION IS RESERVED FOR MEMBERS OF THE LAW PORTION OF THE FRATERNITY. THE CONVENTION OCCURS ONCE EVERY TWO YEARS AND ALLOWS THE STUDENTS AND ALUMNI DELEGATES TO ELECT THE LEADERSHIP OF THE FRATERNITY AND SET A WORKING AGENDA FOR THE NEXT TWO YEARS. THE PRE-LAW CONFERENCE PROVIDES EDUCATIONAL AND LEADERSHIP WORKSHOPS FOR DEVELOPMENT AND LEARNING PURPOSES. THE MOCK TRIAL COMPETITION IS AN IMPORTANT COMPONENT OF THE CONFERENCE.
OTHER PROGRAMS- THE FRATERNITY ENGAGES IN OTHER PROGRAMS INCLUDING PAD DAY AT THE SUPREME COURT, MAINTENANCE OF NUMEROUS PUBLICATIONS AND PUBLICATION OF THE REPORTER AS WELL AS MEMBERSHIP DEVELOPMENT, LAW SCHOOL MOCK TRIAL COMPETITION AND PRE-LAW SYMPOSIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Sagan Executive Director | Officer | 40 | $125,308 |
John Karasek International Treasurer | Trustee | 4 | $0 |
Jennifer Schroader International Secretary | Trustee | 4 | $0 |
John Miquel International Justice | Trustee | 4 | $0 |
Carley Dirks International Board Member | Trustee | 4 | $0 |
Bj Maley International Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $856,907 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| 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 | $891,907 |
| Total Program Service Revenue | $187,686 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $4,843 |
| Royalties | $46,945 |
| 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 | $1,131,381 |
| 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. | $128,263 |
| Compensation of current officers, directors, key employees. | $5,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,840 |
| Pension plan accruals and contributions | $13,614 |
| Other employee benefits | $50,367 |
| Payroll taxes | $35,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,640 |
| Fees for services: Accounting | $20,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,381 |
| Advertising and promotion | $0 |
| Office expenses | $13,647 |
| Information technology | $68,295 |
| Royalties | $0 |
| Occupancy | $57,776 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,055 |
| Interest | $2,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,149 |
| Insurance | $50,202 |
| All other expenses | $28,489 |
| Total functional expenses | $1,003,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,160,057 |
| 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 | $39,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,256 |
| Total assets | $1,200,640 |
| Accounts payable and accrued expenses | $5,503 |
| 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 | $29,166 |
| Total liabilities | $34,669 |
| Net assets without donor restrictions | $1,165,971 |
| 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 | $1,200,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weachieve Inc Silver Spring, MD | $15,012,410 | $16,647,397 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Phi Beta Kappa Society Washington, DC | $4,794,114 | $5,810,818 |
Zeta Phi Beta Sorority Inc Washington, DC | $20,915,125 | $7,582,963 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Beta Sigma Fraternity Inc Washington, DC | $7,959,473 | $5,690,900 |
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Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
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Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Omicron Delta Kappa Society And Educational Foundation Inc Lexington, VA | $3,864,125 | $1,527,453 |