Alpha Epsilon Pi Foundation INC

Tax-deductible

Indianapolis, IN501(c)(3)Since 1945EducationEIN 13-6141078Revenue $3.4M in FY2025

On file with the IRSaepi.org8910 Purdue Rd Ste 730, 46268-6102 · Indianapolis, INTax-exempt since Apr 1947Publicly supported — 509(a)(2)

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To promote the ideals and values of the Alpha Epsilon Pi fraternity through leadership development, to partner with educational and jewish communal organizations, to provide scholarships, financial support and programming for the betterment of our brothers and our community.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 55 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $344K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$253K
to officers and key staff · 8% of spending
Top officer’s pay higher than 83% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$134K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 40 voting members
Looks good: 39 of 40 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+0.9% vs prior year
Spent
$3.3M
To programs
76%
Net assets
$6.0M
By yearFY2020–FY2025
Revenue
$3.4M
FY2025▲ +0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.6M
FY2021$1.9M
FY2022$2.6M
FY2023$2.6M
FY2024$3.4M
FY2025$3.4M
Expenses
$3.3M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$2.0M
FY2022$2.2M
FY2023$2.6M
FY2024$2.8M
FY2025$3.3M
Net assets
$6.0M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2021$4.6M
FY2022$4.9M
FY2023$4.9M
FY2024$5.7M
FY2025$6.0M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $2.5M Management & general 16% · $531K Fundraising 8% · $245K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990; $253K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Secretary
$202,313Pt VII · Sec A
Accounting Director
$50,851Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jay Feldman’s $202K as Secretary is at the 83rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andrew S Borans————$318,581$274,273
Jay Feldman$202,313—————
Jay S Feldman—$198,351$191,601$174,744——
Shayna Goodman$50,851—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds leadership development, scholarships, and educational programming to support Jewish fraternity members and promote community values.

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Provided by the organization

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2 programs · $2.5M · in their own filed words · FY2024
01

Educational grants to institutions for educational purposes and to individuals to assist in paying for their tuition and books.

$2.0Mprogram expense
02

Educational costs to assist undergraduate chapters in addressing problems of alcohol and drug abuse and other educational activities.

$514Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$21K
Grants paid · 49 grants · $6.1M · 2019–2024
Alpha Epsilon Pi Fraternity INCIN · FY2024$1,015,594
Esponda Associates INCIN · FY2024$170,986
Vanderbilt UniversityTN · FY2024$75,000
Unitemized GrantFY2024$57,794
Unitemized GrantFY2024$43,525
Leukemia & Lymphoma SocietyNY · FY2024$13,829
Indiana UniversityIN · FY2024$8,625
Maman NonprofitCA · FY2024$6,148
Esponda Associates INCIN · FY2023$83,961
Pinsker CentreFY2023$26,000
See all 49 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$579K
Fees for servicesLn 2g$160K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.5M
Managementcol C$531K
Fundraisingcol D$245K
Owns and owesPt X
$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$652K
Total assetsLn 16$6.1M
LiabilitiesLn 26$134K
PeoplePt VI, VII
42
listed · VII A
PaidVII A2
Voting boardVI 1a40
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Noncash giftsLn 1g$83K
Fees for servicesLn 2g$160K
Investment incomeLn 3$579K
Other incomeLn 4–11$12K
Gains on assetsLn 7$440K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$512K
SavingsLn 2$140K
Cash and savings togetherLn 1–2$652K
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$28K
Total assetsLn 16$6.1M
LiabilitiesLn 26$134K
Net assetsLn 32$6.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 655
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.7M$652K
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$531K$3K
Total assetsLn 16$5.9M$6.1M
LiabilitiesLn 26$174K$134K
Net assetsLn 32$5.7M$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants to domestic individualsLn 2$101K$101K
Grants and assistance to foreign recipientsLn 3$256K$256K
Pay of current officers, directors and key staffLn 5$274K$112K$42K$119K
Other salaries and wagesLn 7$284K$117K$44K$123K
Pension plan contributionsLn 8$7K$3K$1K$3K
Other employee benefitsLn 9$43K$18K$7K$19K
Payroll taxesLn 10$43K$18K$7K$19K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$22K$22K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$3K$3K$24$421
Office expensesLn 13$115K$3K$4K$107K
Information technologyLn 14$16K$5K$5K$7K
OccupancyLn 16$42K$15K$18K$9K
TravelLn 17$89K$49K$45$40K
Conferences, conventions and meetingsLn 19$15K$15K$52
Payments to affiliatesLn 21$114K$114K
Depreciation, depletion and amortizationLn 22$7K$7K
Other expenses (24a–d)Ln 24$173K$157K$12K$4K
All other expensesLn 24e$60$60
Total functional expensesLn 25$3.3M$2.5M$325K$450K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.4M$3.3M$159K$6.0M 990 PDF
FY2024 $3.4M$2.8M$556K$5.7M 990 PDF
FY2023 $2.6M$2.6M$18K$4.9M 990 PDF
FY2022 $2.6M$2.2M$452K$4.9M 990 PDF
FY2021 $1.9M$2.0M−$91K$4.6M 990 PDF
FY2020 $3.6M$2.6M$968K$4.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $3,410,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,148,451$2,659,376
I-9 Program service revenuePrior year $52,400$159,827
I-10 Investment incomePrior year $130,554$579,263
I-11 Other revenuePrior year $49,656$11,581
I-12 Total revenuePrior year $3,381,061$3,410,047
I-13 Grants and similar amounts paidPrior year $1,496,128$1,961,740
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $792,115$651,576
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $537,143$638,059
I-18 Total expensesPrior year $2,825,386$3,251,375
I-19 Revenue less expensesPrior year $555,675$158,672
Part VI · Governance 39 of 40 board members independent, no flags
VI-1a Voting members of the governing body40
VI-1b Independent voting members39
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,410,047 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,659,376
VIII-1g Noncash contributions (included above)$82,949
VIII-1h Total contributions, gifts and grants$2,659,376
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $159,827$159,827
VIII-3 Investment incomeExcluded from tax $138,889$138,889
VIII-6 Net rental income or lossExcluded from tax $11,581$11,581
VIII-7 Net gain or loss on sales of assetsExcluded from tax $440,374$440,374
VIII-12 Total revenueRelated to mission $159,827 · Unrelated business $0 · Excluded from tax $590,844$3,410,047
Part IX · Statement of functional expenses $3,251,375 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $1,604,421$1,604,421
IX-2 Grants to domestic individualsPrograms $101,319$101,319
IX-3 Grants and assistance to foreign recipientsPrograms $256,000$256,000
IX-5 Pay of current officers, directors and key staffPrograms $112,280 · Management $42,416 · Fundraising $118,927$273,623
IX-7 Other salaries and wagesPrograms $116,579 · Management $44,040 · Fundraising $123,480$284,099
IX-8 Pension plan contributionsPrograms $3,025 · Management $1,143 · Fundraising $3,204$7,372
IX-9 Other employee benefitsPrograms $17,812 · Management $6,729 · Fundraising $18,866$43,407
IX-10 Payroll taxesPrograms $17,676 · Management $6,677 · Fundraising $18,722$43,075
IX-11b Legal feesManagement $2,632$2,632
IX-11c Accounting feesManagement $27,850$27,850
IX-11f Investment management feesManagement $21,593$21,593
IX-11g Other fees for servicesManagement $11,165$11,165
IX-12 Advertising and promotionPrograms $2,508 · Management $24 · Fundraising $421$2,953
IX-13 Office expensesPrograms $3,160 · Management $4,336 · Fundraising $107,276$114,772
IX-14 Information technologyPrograms $4,945 · Management $4,977 · Fundraising $6,507$16,429
IX-16 OccupancyPrograms $15,244 · Management $18,057 · Fundraising $8,964$42,265
IX-17 TravelPrograms $49,112 · Management $45 · Fundraising $39,911$89,068
IX-19 Conferences, conventions and meetingsPrograms $15,196 · Fundraising $52$15,248
IX-21 Payments to affiliatesManagement $114,000$114,000
IX-22 Depreciation, depletion and amortizationManagement $6,911$6,911
IX-24 Other expenses (24a–d)Programs $156,658 · Management $12,297 · Fundraising $4,158$173,113
IX-24e All other expensesManagement $60$60
IX-25 Total functional expensesPrograms $2,475,935 · Management $324,952 · Fundraising $450,488$3,251,375
Part X · Balance sheet $6,110,532 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,679,219$511,780
X-2 Savings and temporary cash investments$140,200
X-3 Pledges and grants receivable$610,745
X-9 Prepaid expenses and deferred chargesStart of year $392$1,750
X-10c Land, buildings and equipment, netStart of year $530,584$3,171
X-11 Publicly traded securities$4,814,640
X-15 Other assetsStart of year $364,114$28,246
X-16 Total assetsStart of year $5,887,945$6,110,532
X-17 Accounts payable and accrued expensesStart of year $130,752$105,944
X-25 Other liabilitiesStart of year $42,932$28,247
X-26 Total liabilitiesStart of year $173,684$134,191
X-27 Net assets without donor restrictionsStart of year $3,531,748−$120,943
X-28 Net assets with donor restrictionsStart of year $2,182,513$6,097,284
X-32 Total net assets or fund balancesStart of year $5,714,261$5,976,341
X-33 Total liabilities and net assetsStart of year $5,887,945$6,110,532
Part XI · Reconciliation of net assets $5,976,341 net assets at year end
XI-1 Total revenue$3,410,047
XI-2 Total expenses$3,251,375
XI-3 Revenue less expenses$158,672
XI-4 Net assets at start of year$5,714,261
XI-5 Net unrealized gains (losses) on investments$103,408
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,976,341

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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