Alpha Delta Pi Foundation Inc
- Assets
- $27.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 11/1983
- Data as of
- 07/2024
- 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 07/2024, Alpha Delta Pi Foundation Inc employed 6 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 07/2024, Alpha Delta Pi Foundation Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.3m during the year ending 07/2024. While expenses have increased by 7.6% per year over the past 9 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 50 individual grants totaling $8,562,741. 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
THE ALPHA DELTA PI FOUNDATION SUPPORTS THE EDUCATIONAL, LEADERSHIP, AND PHILANTHROPIC ENDEAVORS OF ALPHA DELTA PI SORORITY AND ITS MEMBERS BY PROVIDING SCHOLARSHIPS, LEADERSHIP DEVELOPMENT OPPORTUNITIES, AND FINANCIAL ASSISTANCE TO CHARITABLE INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALPHA DELTA PI FOUNDATION IS PROUD TO AWARD APPROXIMATELY 175 COMPETITIVE ACADEMIC SCHOLARSHIPS ANNUALLY, TOTALING MORE THAN $320,000. SCHOLARSHIP AMOUNTS VARY, WITH AWARDS UP TO $5,000 AVAILABLE FOR UNDERGRADUATE, GRADUATE, AND CONTINUING EDUCATION STUDIES.
EDUCATIONAL PROGRAMMING WAS SUPPORTED THROUGH GRANTS PROVIDED BY THE ALPHA DELTA PI FOUNDATION, BENEFITTING CHAPTER MEMBERS, ADVISORS, AND ALUMNAE ATTENDING ADPI ACADEMY AND THE 173RD GRAND CONVENTION. ADDITIONALLY, RESOURCES WERE MADE AVAILABLE TO UNDERGRADUATE MEMBERS TO PROMOTE THE PREVENTION OF HAZING, SUPPORT MENTAL WELLNESS, AND ADDRESS CRITICAL ISSUES SUCH AS SEXUAL ASSAULT, BINGE DRINKING, BULLYING, AND HAZING.
THE CLASPED HANDS FUND GRANT OFFERS EMERGENCY FINANCIAL ASSISTANCE TO ALUMNAE EXPERIENCING FINANCIAL HARDSHIP. THE AMOUNT OF EACH GRANT IS DETERMINED BASED ON INDIVIDUAL NEED AND CIRCUMSTANCES. DURING THE 2023-2024 FISCAL YEAR, THE FOUNDATION PROVIDED SUPPORT FOR 14 ALUMNAE IN FINANCIAL DISTRESS.THE ABIGAIL DAVIS EMERGENCY GRANT FUND PROVIDES ONE-TIME GRANTS OF UP TO $3,500 TO COLLEGIATE MEMBERS FACING UNEXPECTED FINANCIAL CHALLENGES. THESE GRANTS MUST BE APPLIED TOWARD TUITION, BOOKS, OR FEES AND CANNOT BE USED FOR SORORITY DUES. IN 2023-2024, THE FOUNDATION AWARDED 3 EMERGENCY GRANTS TO UNDERGRADUATE MEMBERS, HELPING THEM CONTINUE THEIR EDUCATIONAL PURSUITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amalia Cochran President | OfficerTrustee | 4 | $0 |
Cindy Voris VP Of Grants | OfficerTrustee | 4 | $0 |
Amy Cook Fisher VP Of Finance | OfficerTrustee | 4 | $0 |
Stacy Demartini Bruton VP Of Scholarships | OfficerTrustee | 4 | $0 |
Jessica White Tom VP Of Philanthropy | OfficerTrustee | 4 | $0 |
Karon Elliot Galentine VP Of Development | 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 | $4,349,438 |
| Noncash contributions included in lines 1a–1f | $520,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,349,438 |
| Total Program Service Revenue | $0 |
| Investment income | $729,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,162,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,199,001 |
| Grants and other assistance to domestic individuals. | $429,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,312 |
| Compensation of current officers, directors, key employees. | $48,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,397 |
| Pension plan accruals and contributions | $1,455 |
| Other employee benefits | $47,641 |
| Payroll taxes | $32,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,261 |
| Fees for services: Accounting | $180,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43,722 |
| Fees for services: Investment Management | $96,075 |
| Fees for services: Other | $9,995 |
| Advertising and promotion | $13,266 |
| Office expenses | $68,367 |
| Information technology | $11,899 |
| Royalties | $0 |
| Occupancy | $16,502 |
| Travel | $84,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000 |
| Insurance | $1,257 |
| All other expenses | $0 |
| Total functional expenses | $3,318,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,434 |
| Savings and temporary cash investments | $1,779,271 |
| Pledges and grants receivable | $1,684,215 |
| 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 | $56,401 |
| Net Land, buildings, and equipment | $10,641 |
| Investments—publicly traded securities | $23,199,614 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,501 |
| Total assets | $27,500,077 |
| Accounts payable and accrued expenses | $358,350 |
| 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 | $127,083 |
| Total liabilities | $485,433 |
| Net assets without donor restrictions | $2,993,174 |
| Net assets with donor restrictions | $24,021,470 |
| 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 | $27,500,077 |
Grants Awarded
Over the last fiscal year, Alpha Delta Pi Foundation Inc has awarded $1,162,059 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA DELTA PI SORORITY PURPOSE: EDUCATIONAL & LEADERSHIP DEVELOPMENT PROGRAMMING | $376,978 |
ALPHA OMICRON OF ALPHA DELTA PI PURPOSE: EDUCATIONAL HOUSING FUND DISTRIBUTION | $125,151 |
RONALD MCDONALD HOUSE CHARITIES BAY AREA PURPOSE: RONALD MCDONALD HOUSE CHARITIES ENDOWMENT GRANT | $10,000 |
RONALD MCDONALD HOUSE CHARITIES DAYTON PURPOSE: EDUCATIONAL HOUSING FUND DISTRIBUTION | $7,500 |
RONALD MCDONALD HOUSE CHARITIES IN OMAHA INC PURPOSE: RONALD MCDONALD HOUSE CHARITIES ENDOWMENT GRANT | $5,178 |
RONALD MCDONALD HOUSE CHARITIES OF CHICAGOLAND & NORTHWEST INDIANA PURPOSE: RONALD MCDONALD HOUSE CHARITIES ENDOWMENT GRANT | $8,205 |