Iowa State Acacia Chapter Foundation
- Assets
- $579.2k
- Revenue
- $158.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ankeny, IA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3719027
Organization Overview
Iowa State Acacia Chapter Foundation is located in Ankeny, IA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa State Acacia Chapter 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 12/2023, Iowa State Acacia Chapter Foundation generated $158.7k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS FOR THE MEMBERS OF ACACIA FRATERNITY AT IOWA STATE UNIVERSITY AND TO REIMBURSE THE ALUMNI BOARD FOR EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATION OF THE CHAPTER HOUSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ABLE TO RAISE FUNDS FOR REIMBURSEMENT TO THE ALUMNI BOARD OF THE FRATERNITY OPERATIONAL COSTS RELATED TO THE "EDUCATIONAL USE" PORTION OF THE CHAPTER HOUSE THAT MAY BE PAID USING TAX-DEDUCTIBLE DONATED FUNDS
THE FOUNDATION PUBLISHED A QUARTERLY NEWSLETTER DESCRIBING THE ACTIVITIES IN WHICH THE FOUNDATION WAS ENGAGED. THE NEWSLETTER WAS DISTRIBUTED TO THE ALUMNI OF THE CHAPTER AT NO COST TO THE ALUMNI. THE NEWSLETTER ALSO INCLUDED INFORMATION ON HOW ALUMNI MAY DONATE TO THE FOUNDATION TO SUPPORT THE PAYMENT OF SCHOLARSHIPS AND REIMBURSEMENT OF EDUCATIONAL-USE EXPENSES TO THE ALUMNI BOARD FOR OPERATING THE CHAPTER HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Davis President | OfficerTrustee | 10 | $0 |
Roger Kingery Vice President | OfficerTrustee | 2 | $0 |
Harold D Zarr Jr Secretary Treasurer | OfficerTrustee | 10 | $0 |
Craig A Buske At Large Director | Trustee | 2 | $0 |
John T Lynch At Large Director | Trustee | 2 | $0 |
Randyl Elkin At Large 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 | $146,044 |
| Noncash contributions included in lines 1a–1f | $1,418 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,044 |
| Total Program Service Revenue | $0 |
| Investment income | $12,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,537 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,375 |
| Office expenses | $14 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $577 |
| All other expenses | $0 |
| Total functional expenses | $68,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,315 |
| Savings and temporary cash investments | $107,390 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $470,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,170 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $108,745 |
| Net assets with donor restrictions | $470,425 |
| 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 | $579,170 |
Grants Awarded
Over the last fiscal year, Iowa State Acacia Chapter Foundation has awarded $76,145 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ACACIANS PURPOSE: SEE EXPLANATION BELOW | $58,645 |
THE ACACIANS PURPOSE: SEE EXPLANATION BELOW | $17,500 |