Alpha Epsilon Pi Foundation Inc
- Assets
- $4.9m
- Revenue
- $2.6m
- Investments
- $2.4m
- Employees
- 10
- Location
- Indianapolis, IN
- Founding
- 04/1947
- Data as of
- 05/2022
- EIN
- 13-6141078
Organization Overview
Alpha Epsilon Pi Foundation Inc is located in Indianapolis, IN. The organization was established in 1947. 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, Alpha Epsilon Pi Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Epsilon Pi 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 05/2022, Alpha Epsilon Pi Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $2.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alpha Epsilon Pi Foundation Inc has awarded 87 individual grants totaling $9,196,416. 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 PROMOTE THE IDEALS AND VALUES OF THE ALPHA EPSILON PI FRATERNITY THROUGH LEADERSHIP DEVELOPMENT, TO PARTNER WITH EDUCATIONAL AND JEWISH COMMUNAL ORGANIZATIONS, TO PROVIDE SCHOLARSHIPS, FINANCIAL SUPPORT AND PROGRAMMING FOR THE BETTERMENT OF OUR BROTHERS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS TO INDIVIDUALS AND INSTITUTIONS FOR EDUCATIONAL PURPOSES AND TO ASSIST IN PAYING FOR THEIR TUITION AND BOOKS
EDUCATIONAL COSTS TO ASSIST UNDERGRADUATE CHAPTERS IN ADDRESSING PROBLEMS OF ALCOHOL AND DRUG ABUSE AND OTHER EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay S Feldman Secretary | OfficerTrustee | 40 | $174,744 |
Frederic Fox Vice Chairman | OfficerTrustee | 4 | $0 |
Daniel Hays Chairman | OfficerTrustee | 4 | $0 |
Bob Tessler Treasurer | OfficerTrustee | 2 | $0 |
Michael Antin Director | Trustee | 1 | $0 |
Ian Berkowitz Director | Trustee | 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 | $2,399,838 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,399,838 |
| Total Program Service Revenue | $45,150 |
| Investment income | $40,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,991 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,607,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $943,922 |
| Grants and other assistance to domestic individuals. | $56,288 |
| 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 | $582,225 |
| Pension plan accruals and contributions | $14,737 |
| Other employee benefits | $44,803 |
| Payroll taxes | $41,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,031 |
| Fees for services: Accounting | $32,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,468 |
| Advertising and promotion | $3,785 |
| Office expenses | $22,672 |
| Information technology | $11,458 |
| Royalties | $0 |
| Occupancy | $33,732 |
| Travel | $72,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,576 |
| Insurance | $3,726 |
| All other expenses | $12,037 |
| Total functional expenses | $2,155,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $983,537 |
| 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 | $1,098 |
| Net Land, buildings, and equipment | $598,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,379,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,562 |
| Total assets | $4,876,648 |
| Accounts payable and accrued expenses | $22,938 |
| Grants payable | $0 |
| Deferred revenue | $285 |
| 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 | $40 |
| Total liabilities | $23,263 |
| Net assets without donor restrictions | $2,295,879 |
| Net assets with donor restrictions | $2,557,506 |
| 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 | $4,876,648 |
Grants Awarded
Over the last fiscal year, Alpha Epsilon Pi Foundation Inc has awarded $666,805 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CIVIC ENGAGEMENT, LEADERSHIP DEVELOPMENT AND EDUCATIONAL PROGRAMMING | $582,255 |
Indianapolis, IN PURPOSE: EDUCATIONAL GRANT | $48,994 |
ARN FUNERAL SERVICES PURPOSE: BURIAL ASSISTANCE WITH FUNERAL EXPENSES | $17,210 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: FINANCIAL AID SCHOLARSHIPS | $10,000 |
CAMP AGAWAK PURPOSE: LEADERSHIP DEVELOPMENT AND EDUCATIONAL PROGRAMMING | $8,346 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Alpha Epsilon Pi Foundation Inc has recieved totaling $448,195.
| Awarding Organization | Amount |
|---|---|
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $201,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $61,090 |
The Morris Family Foundation Inc Atlanta, GA PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF THE RECIPIENT ORGANIZATION | $54,150 |
Dore Orenstein Foundation Inc San Carlos, CA PURPOSE: GENERAL OPERATING SUPPORT | $35,645 |
Lorber Charitable Fund Jericho, NY PURPOSE: EDUCATION AND COMMUNITY OUTREACH | $25,000 |
Robert & Michelle Diener Foundation Dallas, TX PURPOSE: EDUCATION | $20,000 |
Endowment Analysis
| Beg. Balance | $2,941,287 |
| Earnings | -$15,600 |
| Net Contributions | $254,356 |
| Other Expense | $622,537 |
| Ending Balance | $2,557,506 |
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 |