Alpha Delta Pi Building Corporation Pi Chapter

The information for Alpha Delta Pi Building Corporation Pi Chapter is as of the organization's most recent filing in June '22. This organization is located in Ames, IA. It has been in existence for 79 years, following its founding in 1943.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Alpha Delta Pi Building Corporation Pi Chapter is an organization classified under the NTEE code B83, which falls under the major classification of Education. The minor classification for this organization is Student Sororities & Fraternities. According to the NTEE description, this classification includes associations for male and female students who are chapters of national or international organizations, with secret rites and restricted membership. These organizations may also undertake community improvement or charitable projects. The Alpha Delta Pi Building Corporation Pi Chapter is governed by section code 2, which designates it as a Title-holding Corporation for Exempt Organizations. The mission of this organization is to enhance the learning experience of university students through a positive and supportive environment, specifically by providing living quarters for the chapter members attending Iowa State University.

Program Areas

Within the general fund, the organization includes all revenues, support, and functional expenses related to providing living quarters for a sorority. This program area is not specifically reported by another fund or program.

Board Governance

Based on the information provided, it is difficult to determine the governance of the Alpha Delta Pi Building Corporation Pi Chapter. While the organization has a small number of voting members (5), it does not have any independent members, which could potentially limit the diversity of perspectives and decision-making within the organization. However, it is positive to note that potential conflicts of interest do not exist within the organization. The fact that board meetings and committee meetings are documented is a good indication of transparency and accountability within the organization. This documentation helps ensure that decisions and discussions are properly recorded and can be reviewed if necessary. However, it is concerning that the organization does not have a conflict of interest policy, which could help guide board members in managing any potential conflicts that may arise. Additionally, the lack of a whistleblower policy and document retention policy raises questions about the organization's approach to ethics and accountability. Furthermore, the organization does not substantiate or review leadership and officer salaries, which could potentially lead to issues regarding executive compensation and financial oversight. Overall, while the Alpha Delta Pi Building Corporation Pi Chapter demonstrates some positive aspects of governance, such as documenting board and committee meetings, there are areas for improvement, including the establishment of policies to address conflicts of interest, whistleblowing, and document retention.

Organization Growth

The Alpha Delta Pi Building Corporation Pi Chapter, a nonprofit organization, has experienced both growth and decline over the given time period. While contributions and grants received decreased from $1000 in 2017 to $0 in 2021, this line item is deemed not meaningful for the discussion. Program service revenue also decreased from $513.3K in 2017 to $493.2K in 2021. On the other hand, employee salaries increased from $50.7K in 2017 to $57.6K in 2021, indicating some growth in this area. Total expenses decreased slightly from $426.3K in 2017 to $424.5K in 2021. Overall, the organization has experienced a mix of growth and decline in different aspects of its operations.