Foundation For Fraternal Excellence Inc
- Assets
- $4.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fishers, IN
- Founding
- 03/1993
- Data as of
- 08/2023
- EIN
- 35-1873572
Organization Overview
Foundation For Fraternal Excellence Inc is located in Fishers, IN. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Fraternal Excellence 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 08/2023, Foundation For Fraternal Excellence Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 17.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FFE EXISTS TO SUPPORT ORGANIZATIONS AND INDIVIDUALS INVESTED IN DEVELOPING THE NEXT GENERATION OF FRATERNITY/SORORITY LEADERS BY FOSTERING A CULTURE OF CARE, INCREASING FINANCIAL RESOURCES TO SUPPORT THE COMMUNITY THROUGH RESEARCH GRANTS AND EDUCATIONAL PROGRAMS, PROVIDING COOPERATIVESERVICES AND COORDINATING AND SHARING RESOURCES TO INFORM DATA-DRIVENDECISION-MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOW MORE THAN EVER, OUR CAMPUSES, WORKPLACES AND COMMUNITIES NEED STRONG, VALUE DRIVEN LEADERS. A HEALTHY, POSITIVE FRATERNITY/SORORITY EXPERIENCE ACTS AS AN INCUBATOR FOR LEADERSHIP AND PERSONAL DEVELOPMENT. THE FFE HAS A RESPONSIBILITY AND COMMITMENT TO PROTECT AND PRESERVE THE INTEGRITY OF THAT EXPERIENCE.RESEARCH GRANTS: FFE COORDINATES, SHARES, AND CHAMPIONS RESEARCH ON THE FRATERNITY/SORORITY EXPERIENCE AND WITHIN ITS MEMBERS TO HELP INFORM DATA-DRIVEN DECISION MAKING WITHIN THE FRATERNAL INDUSTRY. FFE MAINTAINS CRITICAL PARTNERSHIPS TO ADVANCE NECESSARY RESEARCH AND GROW FUNDING AVAILABLE.
OTHER
SCHOLARSHIPS TO SUPPORT 66 HIGH SCHOOL GRADUATES IN THE MEN'S COLLEGE SCHOLARSHIP PROGRAM TO INSPIRE COLLEGE ATTENDANCE AND ACADEMIC SUCCESS BY YOUNG MEN TOTALING $45,500.
THREE DIFFERENT EVENTS BY OVER 650 PARTICIPANTS. CONTINUING EDUCATION WEBINAR SERIES AND VIRTUAL COFFEE CHATS WITH PEER-LEARNING AND NETWORKING WITH OVER 150 PARTICIPANTS ANNUALLY. A COMPENDIUM OF EDUCATIONAL RESOURCES ELECTRONICALLY AVAILABLE TO MEMBERS TO MEET THE NEEDS OF THE CONTINUALLY EVEOLVING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Garner Director | Trustee | 5 | $0 |
Phil Fernandez Director | Trustee | 5 | $0 |
Emily Musser Director | Trustee | 5 | $0 |
Ben Pendry Director | Trustee | 5 | $0 |
Hallee Winnie Vice President | OfficerTrustee | 5 | $0 |
Jason Hoyt Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,345,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,434,274 |
| Total Program Service Revenue | $370,919 |
| Investment income | $38,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$798 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,842,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $426,742 |
| Grants and other assistance to domestic individuals. | $46,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,919 |
| Compensation of current officers, directors, key employees. | $10,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,033 |
| 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 | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,539 |
| Advertising and promotion | $0 |
| Office expenses | $4,462 |
| Information technology | $38,908 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $219,500 |
| Interest | $4,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,535 |
| Total functional expenses | $1,063,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,516,300 |
| Accounts receivable, net | $13,668 |
| 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 | $66,392 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,457,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,970,053 |
| Accounts payable and accrued expenses | $110,691 |
| Grants payable | $0 |
| Deferred revenue | $45,032 |
| 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 | $157,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,857 |
| Total liabilities | $507,276 |
| Net assets without donor restrictions | $1,257,053 |
| Net assets with donor restrictions | $2,205,724 |
| 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 | $3,970,053 |
Grants Awarded
Over the last fiscal year, Foundation For Fraternal Excellence Inc has awarded $151,237 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH-AMERICAN INTERFRATERITY CONFERENCE INC PURPOSE: HEALTH AND SAFETY INITIATIVE | $75,000 |
NORTH-AMERICAN INTERFRATERITY CONFERENCE INC PURPOSE: RESEARCH GRANT FOR FURTHERING THE CULTURAL AND SOCIETAL IMPACTS OF THE GREEK ORGANIZATION MEMBERSHIP | $76,237 |