Acacia Fraternity Foundation Inc
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Carmel, IN
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 35-1778332
Organization Overview
Acacia Fraternity Foundation Inc is located in Carmel, IN. 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. As of 06/2022, Acacia Fraternity Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acacia Fraternity 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, Acacia Fraternity Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 16.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 ACACIA FRATERNITY FOUNDATION RAISES FUNDS TO 1 SUPPORT THE QUALIFIED EDUCATIONAL ACTIVITIES OF ACACIA FRATERNITY, INC. AND ITS LOCAL CHAPTERS AND 2 PROVIDE SCHOLARSHIPS TO COLLEGE AND UNIVERSITY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALIFIED EDUCATIONAL GRANTS TO ACACIA FRATERNITY, INC AND ITS LOCAL CHAPTERS
SCHOLARSHIPS TO COLLEGE AND UNIVERSITY STUDENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris R Lutt President | OfficerTrustee | 2 | $0 |
Andrew Jee Vice President | OfficerTrustee | 1 | $0 |
Guy Gebhardt Secretary | OfficerTrustee | 1 | $0 |
William A Utic Treasurer | OfficerTrustee | 4 | $0 |
Dwyte E Brooks DMD Director | Trustee | 0.5 | $0 |
Gerald C Cook Director | Trustee | 0.5 | $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 | $1,103,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,103,948 |
| Total Program Service Revenue | $0 |
| Investment income | $92,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,196,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,059,747 |
| Grants and other assistance to domestic individuals. | $183,568 |
| 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 | $146,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,976 |
| Payroll taxes | $10,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,681 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,654 |
| Office expenses | $3,474 |
| Information technology | $4,332 |
| Royalties | $0 |
| Occupancy | $10,468 |
| Travel | $12,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,523 |
| All other expenses | $0 |
| Total functional expenses | $1,597,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,738 |
| Savings and temporary cash investments | $40,005 |
| 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 | $62,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,319,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,680 |
| Total assets | $3,473,701 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $653,042 |
| Net assets with donor restrictions | $2,820,659 |
| 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 | $3,473,701 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Acacia Fraternity Foundation Inc has recieved totaling $78,806.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $45,300 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,986 |
Innovia Foundation Spokane, WA PURPOSE: RESTRICTED FOR THE WSU CHAPTER FUND | $10,000 |
Unity Foundation Of Laporte County Inc Michigan City, IN PURPOSE: FRATERNAL ORDERS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,040 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 01/14/21 | $750 |
Endowment Analysis
| Beg. Balance | $1,585,678 |
| Earnings | -$257,551 |
| Admin Expense | $15,329 |
| Net Contributions | $134,390 |
| Grants | $130,985 |
| Ending Balance | $1,316,203 |
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 |