Alpha Omicron Pi Foundation
- Assets
- $13.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Brentwood, TN
- Founding
- 12/1978
- Data as of
- 06/2024
- EIN
- 58-1343315
Organization Overview
Alpha Omicron Pi Foundation is located in Brentwood, TN. The organization was established in 1978. According to its NTEE Classification (H51) the organization is classified as: Arthritis Research, under the broad grouping of Medical Research and related organizations. As of 06/2024, Alpha Omicron Pi Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Omicron Pi Foundation 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 06/2024, Alpha Omicron Pi Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 8 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.
Since 2015, Alpha Omicron Pi Foundation has awarded 42 individual grants totaling $7,567,930. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
INVEST IN OUR SISTERS AND INSPIRE A LIFETIME OF GIVING TO INNOVATIVE LEADERSHIP, EDUCATIONAL AND PHILANTHROPIC CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTHRITIS RESEARCH AND EDUCATION: GRANTS ARE AWARDED FOR PURE OR APPLIED RESEARCH IN A FIELD RELATED TO ARTHRITIS AND/OR RHEUMATOID DISEASES. THIS ALSO INCLUDES SPONSORSHIP OF THE ARTHRITIS FOUNDATION.
EMERGENCY ASSISTANCE: BENEVOLENT FUNDING IS GRANTED TO AOII MEMBERS WHO MEET STRICT SCREENING AND FINANCIAL HISTORY REQUIREMENTS, HAVE EXHAUSTED ALL OTHER SOURCES OF ASSISTANCE, AND EXHIBIT A DIRE NEED OF FUNDS FOR RENT, FOOD, OR UNINSURED MEDICAL EXPENSES.
SCHOLARSHIPS: SCHOLARSHIPS ARE AWARDED TO MEMBERS OF AOII FOR UNDERGRADUATE OR GRADUATE LEVEL TUITION AND BOOKS.
FRATERNITY EDUCATIONAL GRANTS: EDUCATIONAL GRANTS ARE AWARDED TO AOII FRATERNITY TO HELP FUND CONVENTION SPEAKER FEES AND THE LEADERSHIP ACADEMIES FOR COLLEGIATE OFFICERS, AWARD SCHOLARSHIPS FOR COLLEGIATE CHAPTER LEADERS, AND ACQUIRE DIGITAL EQUIPMENT FOR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Conver President | OfficerTrustee | 5 | $0 |
Nancy Hohmann Secretary | OfficerTrustee | 3 | $0 |
Yvette Connor Treasurer | OfficerTrustee | 3 | $0 |
Susan Bonifield Fraternity International P | OfficerTrustee | 2 | $0 |
Nora Behan Director | Trustee | 2 | $0 |
Nicole Cronenwett Director | Trustee | 2 | $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 | $2,651,402 |
| Noncash contributions included in lines 1a–1f | $93,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,651,402 |
| Total Program Service Revenue | $0 |
| Investment income | $351,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,077 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,730 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,048,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $913,408 |
| Grants and other assistance to domestic individuals. | $301,490 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,458 |
| Compensation of current officers, directors, key employees. | $43,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,840 |
| Payroll taxes | $26,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,959 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $51,000 |
| Fees for services: Investment Management | $43,061 |
| Fees for services: Other | $36,405 |
| Advertising and promotion | $24,598 |
| Office expenses | $29,448 |
| Information technology | $15,000 |
| Royalties | $0 |
| Occupancy | $11,398 |
| Travel | $9,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,295 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,608 |
| Insurance | $3,564 |
| All other expenses | $26,303 |
| Total functional expenses | $2,075,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,477,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $287,085 |
| Accounts receivable, net | $2,439 |
| 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 | $26,668 |
| Net Land, buildings, and equipment | $26,153 |
| Investments—publicly traded securities | $11,950,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,106 |
| Total assets | $13,901,105 |
| Accounts payable and accrued expenses | $231,163 |
| Grants payable | $1,130,863 |
| 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 | $1,362,026 |
| Net assets without donor restrictions | $3,235,239 |
| Net assets with donor restrictions | $9,303,840 |
| 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 | $13,901,105 |
Grants Awarded
Over the last fiscal year, Alpha Omicron Pi Foundation has awarded $913,408 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARTHRITIS NATIONAL RESEARCH FOUNDATION PURPOSE: ARTHRITIS RESEARCH | $15,000 |
ALPHA OMICRON PI FRATERNITY PURPOSE: EDUCATIONAL PROGRAMS | $307,968 |
VANDERBILT UNIVERSITY MEDICAL CENTER PURPOSE: ARTHRITIS RESEARCH | $26,410 |
ARTHRITIS FOUNDATION PURPOSE: ARTHRITIS EDUCATION | $564,030 |