Alpha Delta Pi Foundation Inc
- Assets
- $21.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 11/1983
- Data as of
- 07/2022
- EIN
- 58-1507941
Organization Overview
Alpha Delta Pi Foundation Inc is located in Atlanta, GA. The organization was established in 1983. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2022, Alpha Delta Pi Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Delta Pi 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 07/2022, Alpha Delta Pi Foundation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.2m during the year ending 07/2022. While expenses have increased by 9.1% 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.
Since 2016, Alpha Delta Pi Foundation Inc has awarded 31 individual grants totaling $6,411,374. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1983, THE ALPHA DELTA PI FOUNDATION ACCEPTS TAX DEDUCTIBLE GIFTS TO PROVIDE ESSENTIAL RESOURCES FOR ALPHA DELTA PI SORORITY'S EDUCATIONAL, LEADERSHIP AND PHILANTHROPIC ACTIVITIES. THE FOUNDATION FUNDS A VARIETY OF OPPORTUNITIES THAT BENEFIT ALPHA DELTA PI SORORITY AND ITS MEMBERS AS WELL AS THE PRESERVATION OF MONUMENTS AND MEMORIALS THAT ARE UNIQUE TO ALPHA DELTA PI SORORITY'S PLACE IN HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALPHA DELTA PI FOUNDATION IS PROUD TO AWARD APPROXIMATELY 150 COMPETITIVE ACADEMIC SCHOLARSHIPS EACH YEAR WITH A TOTAL OF MORE THAN $250,000 IN SCHOLARSHIPS. AWARD AMOUNTS VARY UP TO $5,000, AND SCHOLARSHIPS ARE AVAILABLE FOR UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION STUDY.
EDUCATIONAL PROGRAMMING WAS PROVIDED BY GRANTS MADE FROM THE ALPHA DELTA PI FOUNDATION FOR CHAPTER MEMBERS, ADVISORS, AND ALUMNAE ATTENDING COLLEGIATE LEADERSHIP SUMMIT, TALK ABOUT IT TUESDAY WEBINARS, AND OTHER VIRTUAL LEADERSHIP PROGRAMS. ADDITIONALLY, RESOURCES FOR OUR UNDERGRADUATE MEMBERS ARE MADE AVAILABLE FOR THE CONTINUED FIGHT TO PREVENT HAZING, TO SUPPORT MENTAL WELLNESS, AND IN PROGRAMS TO ADDRESS SEXUAL AND RELATIONSHIP MISCONDUCT, BINGE DRINKING, HAZING, AND BULLYING.
THE CLASPED HANDS FUND GRANT PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO ALUMNAE WHO FIND THEMSELVES IN FINANCIAL DISTRESS. NEED AND CIRCUMSTANCES DETERMINE THE AMOUNT OF EACH GRANT. IN 2021-22, THE FOUNDATION GRANTED FUNDS TO 7 INDIVIDUALS WHO WERE FACING FINANCIAL DISTRESS.THE ABIGAIL DAVIS EMERGENCY GRANT FUND PROVIDES GRANTS OF UP TO $3,500 FOR SHORT-TERM ASSISTANCE TO COLLEGIANS WHO ARE EXPERIENCING UNFORESEEN FINANCIAL DIFFICULTIES. GRANTS MUST BE USED FOR TUITION, BOOKS, OR SCHOOL FEES. GRANTS MAY NOT BE USED FOR SORORITY DUES OR ROOM AND BOARD. THE FOUNDATION PROVIDED 3 ONE-TIME EMERGENCY GRANTS TO UNDERGRADUATE MEMBERS TO ENSURE THEY COULD CONTINUE THEIR EDUCATIONAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Polley Webb Executive Director | Officer | 35 | $115,407 |
Tracy Garner President | OfficerTrustee | 4 | $0 |
Amalia Cochran VP Of Grants | OfficerTrustee | 4 | $0 |
Barbara Kinter Kunkel VP Of Finance | OfficerTrustee | 4 | $0 |
Karon Elliot Galentine VP Of Development | OfficerTrustee | 4 | $0 |
Kathy Karrh Cashin VP Of Scholarships | OfficerTrustee | 4 | $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 | $4,541,227 |
| Noncash contributions included in lines 1a–1f | $234,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,541,227 |
| Total Program Service Revenue | $0 |
| Investment income | $644,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $509,105 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,695,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,706,028 |
| Grants and other assistance to domestic individuals. | $313,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,661 |
| Compensation of current officers, directors, key employees. | $41,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,994 |
| Pension plan accruals and contributions | $11,000 |
| Other employee benefits | $43,654 |
| Payroll taxes | $23,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,591 |
| Fees for services: Accounting | $175,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,597 |
| Fees for services: Investment Management | $86,258 |
| Fees for services: Other | $12,155 |
| Advertising and promotion | $13,474 |
| Office expenses | $86,062 |
| Information technology | $6,679 |
| Royalties | $0 |
| Occupancy | $10,699 |
| Travel | $44,954 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,500 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,156,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,239 |
| Savings and temporary cash investments | $1,126,642 |
| Pledges and grants receivable | $2,373,310 |
| Accounts receivable, net | $0 |
| 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 | $11,168 |
| Investments—publicly traded securities | $18,069,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,954 |
| Total assets | $21,876,237 |
| Accounts payable and accrued expenses | $58,004 |
| 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 | $69,085 |
| Total liabilities | $127,089 |
| Net assets without donor restrictions | $1,965,333 |
| Net assets with donor restrictions | $19,783,815 |
| 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 | $21,876,237 |
Grants Awarded
Over the last fiscal year, Alpha Delta Pi Foundation Inc has awarded $1,656,135 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: EDUCATIONAL PROGRAMMING | $538,502 |
Ft Smith, AR PURPOSE: EDUCATIONAL PROGRAMMING | $249,358 |
Tuscaloosa, AL PURPOSE: EDUCATIONAL PROGRAMMING | $235,056 |
Atlanta, GA PURPOSE: EDUCATIONAL PROGRAMMING | $204,162 |
College Station, TX PURPOSE: EDUCATIONAL PROGRAMMING | $194,680 |
Cary, NC PURPOSE: EDUCATIONAL PROGRAMMING | $109,931 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alpha Delta Pi Foundation Inc has recieved totaling $1,150.
| Awarding Organization | Amount |
|---|---|
Hoven Family Foundation Inc Cleveland, OH PURPOSE: GENERAL PURPOSE | $1,000 |
Mcclane Brown Family Foundation Waco, TX PURPOSE: CHARITABLE | $150 |
Endowment Analysis
| Beg. Balance | $14,503,024 |
| Earnings | -$1,253,673 |
| Net Contributions | $1,041,209 |
| Grants | $450,243 |
| Ending Balance | $13,840,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |