Alpha Phi Alpha Foundation Of Akron
- Assets
- $596.4k
- Revenue
- $174.0
- Investments
- $596.4k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 34-1620911
Organization Overview
Alpha Phi Alpha Foundation Of Akron is located in Akron, OH. The organization was established in 1989. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, 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 Phi Alpha Foundation Of Akron 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 12/2021, Alpha Phi Alpha Foundation Of Akron generated $174.0 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 (29.6%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alpha Phi Alpha Foundation Of Akron has awarded 141 individual grants totaling $283,018. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel D Deshazior Trustee | 1 | $0 | |
Larry Thomas Trustee | 1 | $0 | |
Malcolm J Costa Trustee | 1 | $0 | |
Charles Parnell Trustee | 1 | $0 | |
Charles Debose Trustee | 1 | $0 | |
Paul Stallings Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,035 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $520 |
| Total operating and administrative expenses | $21,240 |
| Contributions, gifts, grants paid | $49,300 |
| Total expenses and disbursements | $70,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $596,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $596,358 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alpha Phi Alpha Foundation Of Akron has awarded $49,300 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NAACP - AKRON BRANCH PURPOSE: GRANT | $12,000 |
PROJECT GRAD OF AKRON PURPOSE: GRANT | $7,500 |
UNIVERSITY OF AKRON PURPOSE: GRANT | $5,000 |
MARCH OF DIMES PURPOSE: GRANT | $5,000 |
HAVEN OF REST MINISTRIES PURPOSE: GRANT | $4,000 |
OPEN M PURPOSE: GRANT | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Phi Alpha Foundation Of Akron has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ohio Capital Impact Corporation Columbus, OH PURPOSE: SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Sigma Phi Fraternity Inc Carmel, IN | $4,417,023 | $3,578,190 |
Richmond Property Group Ltd Indianapolis, IN | $27,750,177 | $3,183,592 |
Alpha Kappa Psi Fraternity Noblesville, IN | $11,674,776 | $3,757,716 |