Alpha Sigma Phi Foundation Inc
- Assets
- $13.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 14-1908351
Organization Overview
Alpha Sigma Phi Foundation Inc is located in Carmel, IN. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Alpha Sigma Phi 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 06/2022, Alpha Sigma Phi Foundation Inc generated $1.6m 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 $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alpha Sigma Phi Foundation Inc has awarded 16 individual grants totaling $3,039,502. 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
THE FOUNDATION'S MISSION IS TO PROMOTE EDUCATION AND LEADERSHIP WITHIN ALPHA SIGMA PHI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDING FOR LEADERSHIP AND EDUCATIONAL PROGRAMMING SUCH AS THE ACADEMY OF LEADERSHIP, THE BETTER MAN WEEKEND, THE RALPH F. BURNS LEADERSHIP INSTITUTE, ELEVATE: THE NATIONAL LEADERSHIP CONFERENCE, SIG EXPERIENCE, RESPONSIBLE SIG ALONG WITH ACADEMIC AND NEEDS BASED SCHOLARSHIPS THROUGH EDUCATIONAL GRANTS TO ALPHA SIGMA PHI FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Garvey Chairman | OfficerTrustee | 1 | $0 |
Kip Roberts Chairman-Elect | OfficerTrustee | 1 | $0 |
Rodney Rusk Secretary | OfficerTrustee | 1 | $0 |
Jim Mcmahon Treasurer | OfficerTrustee | 1 | $0 |
Don Blevins Foundation Director | Trustee | 1 | $0 |
John Chaney Foundation 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 | $850,246 |
| Noncash contributions included in lines 1a–1f | $123,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,246 |
| Total Program Service Revenue | $0 |
| Investment income | $455,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,320 |
| Net Gain/Loss on Asset Sales | $227,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,601,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $15,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,244 |
| Fees for services: Other | $5,650 |
| Advertising and promotion | $0 |
| Office expenses | $69,646 |
| Information technology | $20,007 |
| Royalties | $0 |
| Occupancy | $17,655 |
| Travel | $452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,184 |
| Insurance | $36,278 |
| All other expenses | $10,338 |
| Total functional expenses | $1,056,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,628 |
| Savings and temporary cash investments | $100,022 |
| Pledges and grants receivable | $463,459 |
| Accounts receivable, net | $165 |
| 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 | $13,541 |
| Net Land, buildings, and equipment | $519,674 |
| Investments—publicly traded securities | $11,877,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,467 |
| Total assets | $13,482,471 |
| Accounts payable and accrued expenses | $30,387 |
| 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 | $38,240 |
| Total liabilities | $68,627 |
| Net assets without donor restrictions | $6,135,062 |
| Net assets with donor restrictions | $7,278,782 |
| 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 | $13,482,471 |
Grants Awarded
Over the last fiscal year, Alpha Sigma Phi Foundation Inc has awarded $565,116 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA SIGMA PHI FRATERNITY PURPOSE: EDUCATIONAL, LEADERSHIP, AND CHARACTER DEVELOPMENT PROGRAMS | $560,000 |
ALPHA SIGMA PHI FRATERNITY ALPHA NU CHAPTER PURPOSE: EDUCATIONAL PORTION OF BUILDING UPDATES | $5,116 |