Acacia Fraternity Incorporated
- Assets
- $291.2k
- Revenue
- $1.1m
- Investments
- $34.6k
- Employees
- 9
- Location
- Carmel, IN
- Founding
- 10/1940
- Data as of
- 06/2021
- EIN
- 36-0700015
Organization Overview
Acacia Fraternity Incorporated is located in Carmel, IN. The organization was established in 1940. 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 06/2021, Acacia Fraternity Incorporated employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Acacia Fraternity Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Acacia Fraternity Incorporated generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACACIA IS AN INTERNATIONAL COLLEGE FRATERNITY DEVELOPING LEADERSHIP SKILLS AND FRIENDSHIPS AMONG, AND PROVIDING A BROAD EDUCATIONAL EXPERIENCE TO, ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACACIA IS AN INTERNATIONAL COLLEGE FRATERNITY ESTABLISHED TO DEVELOP LEADERSHIP SKILLS AND FRIENDSHIP AMONG, AND PROVIDE A BROAD EDUCATIONAL EXPERIENCE TO, ITS MEMBERS. IT SERVES TO PROMOTE FRATERNAL ACTIVITIES FOR ALL MEMBERS BY PUBLISHING NEWSLETTERS & HOLDING CONFERENCES & SEMINARS FOR ITS MEMBERS THAT HELP TO PROMOTE THE EXEMPT PURPOSE OF ACACIA INTERNATIONAL FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick W Mcgovern Executive Director | Officer | 45 | $103,092 |
Michael Weber Asst. Executive Director | Officer | 45 | $69,919 |
Alan Scher International 1st Vice Pres. | OfficerTrustee | 2 | $0 |
Scott H Meyer International President | OfficerTrustee | 2 | $0 |
Justin Kaplan International 2nd Vice Pres. | OfficerTrustee | 2 | $0 |
Robert W Mickam International Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $154,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,000 |
| Total Program Service Revenue | $987,804 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,390 |
| 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 | $128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,147,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $178,276 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,777 |
| Pension plan accruals and contributions | $7,832 |
| Other employee benefits | $25,920 |
| Payroll taxes | $39,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $816 |
| Fees for services: Accounting | $9,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $59,543 |
| Information technology | $19,431 |
| Royalties | $0 |
| Occupancy | $75,316 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,794 |
| Interest | $1,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $281,910 |
| All other expenses | $29,244 |
| Total functional expenses | $1,134,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,421 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $65,964 |
| Investments—other securities | $34,555 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,179 |
| Accounts payable and accrued expenses | $21,526 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $171,526 |
| Net assets without donor restrictions | $119,653 |
| Net assets with donor restrictions | $0 |
| 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 | $291,179 |
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 |