Alpha Chi National College Honor Scholarship Society
- Assets
- $1.6m
- Revenue
- $412.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Little Rock, AR
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 74-6047760
Organization Overview
Alpha Chi National College Honor Scholarship Society is located in Little Rock, AR. The organization was established in 1991. 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 12/2022, Alpha Chi National College Honor Scholarship Society employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Chi National College Honor Scholarship Society 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 12/2022, Alpha Chi National College Honor Scholarship Society generated $412.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $740.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALPHA CHI IS A COEDUCATIONAL ACADEMIC HONOR SOCIETY. THE SOCIETY'S MISSION IS TO PROMOTE ACADEMIC EXCELLENCE AND EXEMPLARY CHARACTER AMONG COLLEGE AND UNIVERSITY STUDENTS AND TO HONOR THOSE WHO ACHIEVE SUCH DISTINCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALPHA CHI CHAPTERS ARE SUPPORTED BY A ROBUST CHAPTER SUPPORT PROGRAM. ALPHA CHI PROVIDES THE SOFTWARE USED BY CHAPTERS TO MANAGE INVITATIONS AND REGISTRATIONS (WHICH INCLUDES NATIONAL AND LOCAL DUES INCOME MANAGEMENT), AND ADMINISTRATIVE SUPPORT AND TRAINING. PRINTING AND SHIPPING COSTS FOR ALL NEW MEMBER ITEMS SENT TO CHAPTERS FOR DISTRIBUTION ARE PART OF THIS SUPPORT. IN ADDITION, A FUND OF NEARLY $10,000 A YEAR IS SET ASIDE FOR CHAPTER ACTIVITY GRANTS THAT CHAPTERS CAN APPLY FOR TO CREATE ON-CAMPUS EVENTS AND PROGRAMS. ADVISORS ARE PRESENTED WITH RECOGNITION PINS AT SIGNIFICANT INTERVALS OF SERVICE.
ANNUAL NATIONAL CONVENTION OF APPROXIMATELY 200 STUDENT MEMBERS, FACULTY ADVISORS, AND KEYNOTE SPEAKERS WHO COME TOGETHER IN A MULTI-DISCIPLINARY CONFERENCE OF ACADEMIC AND CREATIVE STUDENT PRESENTATIONS AND CHAPTER AND MEMBER DEVELOPMENT WORKSHOPS. CHAPTER REPRESENTATION IS HEAVILY SUBSIDIZED WITH NATIONAL TRAVEL AND HOUSING GRANTS FOR ADVISORS AND STUDENT MEMBERS.
ACADEMIC SCHOLARSHIPS AND FELLOWSHIPS ($74,000) AND CONVENTION PRESENTATIONS AND COLLABORATIVE RESEARCH TEAM PRIZES ($10,000) ARE AWARDED ANNUALLY TO STUDENT MEMBERS. SCHOLARSHIP AND FELLOWSHIP APPLICATIONS ARE REVIEWED AND WINNERS ARE SELECTED BY THE SCHOLARSHIP COMMITTEE OF THE NATIONAL COUNCIL OF ALPHA CHI. STUDENTS PRESENTING AT THE ANNUAL NATIONAL CONVENTION ARE ELIGIBLE TO COMPETE FOR THE CONVENTION-RELATED PRIZES. REGIONAL SCHOLARSHIPS ARE ADMINISTERED BY THE OFFICERS OF EACH OF ALPHA CHI'S SEVEN REGIONS AT $1,000 PER REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Q Noah Executive Director | Officer | 40 | $81,026 |
Dr David Jones President | OfficerTrustee | 1 | $0 |
Dr Kathi Vosevich Vice President (through March '22) | OfficerTrustee | 1 | $0 |
Dr Linda Cowan Vice President | OfficerTrustee | 1 | $0 |
Dr Karl Havlak Secretary | OfficerTrustee | 1 | $0 |
Dr June Hobbs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $376,007 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,630 |
| Total Program Service Revenue | $30,581 |
| Investment income | $37,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$114,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,697 |
| Compensation of current officers, directors, key employees. | $14,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,484 |
| Pension plan accruals and contributions | $4,020 |
| Other employee benefits | $0 |
| Payroll taxes | $15,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,112 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,171 |
| Office expenses | $75,533 |
| Information technology | $55,576 |
| Royalties | $0 |
| Occupancy | $16,573 |
| Travel | $9,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,490 |
| Insurance | $3,470 |
| All other expenses | $0 |
| Total functional expenses | $740,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,747 |
| 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 | $31,792 |
| Net Land, buildings, and equipment | $4,741 |
| Investments—publicly traded securities | $1,484,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,625,429 |
| Accounts payable and accrued expenses | $7,122 |
| 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 | $0 |
| Total liabilities | $7,122 |
| Net assets without donor restrictions | $1,564,560 |
| Net assets with donor restrictions | $53,747 |
| 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 | $1,625,429 |