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Alpha Sigma Phi Foundation INC

Tax-deductible

Carmel, IN501(c)(3)Since 1945EducationEIN 14-1908351Revenue $3.0M in FY2025

On file with the IRSalphasigmaphi.org710 Adams St, 46032-7541 · Carmel, INTax-exempt since Nov 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The foundation's mission is to make scholarships and educational grants to individuals of Alpha Sigma Phi fraternity. Grants will also be awarded to Alpha Sigma Phi fraternity for education initiatives, leadership development programs, and character development projects.

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
Run by 95 volunteers.
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 $542K a year · 31% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $16.8M in investments, Pt X · Ln 11–13
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $107K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$47K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+85% vs prior year
Spent
$1.2M
To programs
45%
Net assets
$17.6M
By yearFY2020–FY2025
Revenue
$3.0M
FY2025▲ +85%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.3M
FY2022$1.6M
FY2023$1.1M
FY2024$1.6M
FY2025$3.0M
Expenses
$1.2M
FY2025-0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M
FY2023$1.4M
FY2024$1.2M
FY2025$1.2M
Net assets
$17.6M
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.7M
FY2021$15.4M
FY2022$13.4M
FY2023$14.1M
FY2024$15.5M
FY2025$17.6M

From the FY2025 Form 990 (year ending June 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 Nov 2004.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $541K Management & general 37% · $455K Fundraising 18% · $220K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kip Roberts
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rodney Rusk
Chairman Elect
$0Pt VII · Sec A
Kevin Garvey
Immediate Past Chair
$0Pt VII · Sec A
Bruce Bartoo
Foundation Director
$0Pt VII · Sec A
Don Blevins
Foundation Director
$0Pt VII · Sec A
John Chaney
Foundation Director
$0Pt VII · Sec A
See Alpha Sigma Phi Foundation INC executive salaries →

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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 15aNo

Programs and updates

Promotes education and leadership within the Alpha Sigma Phi Fraternity.

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Provided by the organization

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1 program · $541K · in their own filed words · FY2024
01

The foundation provides funding for leadership and educational programming such as, the ralph f. Burns executive leadership institute, grand chapter, responsible sig along with academic and needs based scholarships through educational grants to alpha sigma phi fraternity and to members of alpha sigma phi.

$541Kprogram 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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$50K
American Online Giving Foundation INCFY2024$19K
Community Fdn of Greater Des MoinesFY2024$15K
Donor Advised Charitable Giving INCFY2024$8K
James Roy Foster FoundationFY2024$7K
Lassiter Family Charitable Foundation INCFY2024$5K
Robert Wood Johnson FoundationFY2024$2K
Baird Foundation INCFY2024$250
Total grants receivedfrom 8 funders$107K
See all 8 funders →
Grants paid · 8 grants · $1.8M · 2019–2024
Alpha Sigma Phi Fraternity INCIN · FY2024$382,847
Unitemized GrantFY2024$43,866
Alpha Sigma Phi Fraternity INCIN · FY2023$300,000
Alpha Sigma Phi Fraternity INCIN · FY2022$260,000
Alpha Sigma Phi Fraternity INCIN · FY2021$250,000
Alpha Sigma Phi Fraternity INCIN · FY2020$386,011
Unitemized GrantFY2020$106,280
Unitemized GrantFY2019$80,391

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$69K
Money outPt IX
$1.2M
Ln 25
Programscol B$541K
Managementcol C$455K
Fundraisingcol D$220K
Owns and owesPt X
$17.6M
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$17.7M
LiabilitiesLn 26$47K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Noncash giftsLn 1g$998K
Investment incomeLn 3$1.1M
Other incomeLn 4–11$69K
Gains on assetsLn 7$374K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$443K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$449K
InvestmentsLn 11–13$16.8M
Land, buildings, equipmentLn 10c$363K
Other assetsLn 15$59K
Total assetsLn 16$17.7M
LiabilitiesLn 26$47K
Net assetsLn 32$17.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 695
Fiscal year endsHeaderJune
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$64K$449K
InvestmentsLn 11–13$15.0M$16.8M
Land, buildings, equipmentLn 10c$429K$363K
Total assetsLn 16$15.6M$17.7M
LiabilitiesLn 26$71K$47K
Net assetsLn 32$15.5M$17.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$383K$383K
Grants to domestic individualsLn 2$44K$44K
Accounting feesLn 11c$26K$14K$11K
Other fees for servicesLn 11g$474K$97K$262K$115K
Office expensesLn 13$10K$6K$5K
Information technologyLn 14$17K$6K$11K
OccupancyLn 16$14K$3K$7K$4K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$26K$26K
Depreciation, depletion and amortizationLn 22$50K$11K$25K$14K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$124K$4K$68K$52K
All other expensesLn 24e$9K$3K$6K
Total functional expensesLn 25$1.2M$541K$455K$220K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.0M$1.2M$1.8M$17.6M 990 PDF
FY2024 $1.6M$1.2M$425K$15.5M 990 PDF
FY2023 $1.1M$1.4M−$305K$14.1M 990 PDF
FY2022 $1.6M$1.1M$545K$13.4M 990 PDF
FY2021 $1.3M$1.1M$163K$15.4M 990 PDF
FY2020 $1.8M$1.2M$594K$12.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,045,166 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,047,192$1,839,780
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $524,159$1,136,027
I-11 Other revenuePrior year $75,386$69,359
I-12 Total revenuePrior year $1,646,737$3,045,166
I-13 Grants and similar amounts paidPrior year $300,000$426,713
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $921,559$789,139
I-18 Total expensesPrior year $1,221,559$1,215,852
I-19 Revenue less expensesPrior year $425,178$1,829,314
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $3,045,166 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,839,780
VIII-1g Noncash contributions (included above)$998,264
VIII-1h Total contributions, gifts and grants$1,839,780
VIII-3 Investment incomeExcluded from tax $761,726$761,726
VIII-6 Net rental income or lossExcluded from tax $69,359$69,359
VIII-7 Net gain or loss on sales of assetsExcluded from tax $374,301$374,301
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,205,386$3,045,166
Part IX · Statement of functional expenses $1,215,852 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $382,847$382,847
IX-2 Grants to domestic individualsPrograms $43,866$43,866
IX-11c Accounting feesManagement $14,186 · Fundraising $11,470$25,656
IX-11g Other fees for servicesPrograms $97,200 · Management $261,848 · Fundraising $114,530$473,578
IX-13 Office expensesManagement $5,542 · Fundraising $4,725$10,267
IX-14 Information technologyManagement $6,231 · Fundraising $10,923$17,154
IX-16 OccupancyPrograms $2,962 · Management $6,912 · Fundraising $3,840$13,714
IX-17 TravelFundraising $1,967$1,967
IX-19 Conferences, conventions and meetingsManagement $26,058$26,058
IX-22 Depreciation, depletion and amortizationPrograms $10,800 · Management $25,200 · Fundraising $14,000$50,000
IX-23 InsuranceManagement $37,654$37,654
IX-24 Other expenses (24a–d)Programs $3,804 · Management $67,942 · Fundraising $51,939$123,685
IX-24e All other expensesManagement $3,056 · Fundraising $6,350$9,406
IX-25 Total functional expensesPrograms $541,479 · Management $454,629 · Fundraising $219,744$1,215,852
Part X · Balance sheet $17,657,562 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $43,936$443,208
X-2 Savings and temporary cash investmentsStart of year $20,050$5,426
X-4 Accounts receivableStart of year $2,918$0
X-9 Prepaid expenses and deferred chargesStart of year $10,844$10,900
X-10c Land, buildings and equipment, netStart of year $429,235$363,152
X-11 Publicly traded securitiesStart of year $14,986,078$16,775,550
X-15 Other assetsStart of year $92,859$59,326
X-16 Total assetsStart of year $15,585,920$17,657,562
X-17 Accounts payable and accrued expensesStart of year $4,188$0
X-18 Grants payableStart of year $42,016$0
X-25 Other liabilitiesStart of year $24,499$46,841
X-26 Total liabilitiesStart of year $70,703$46,841
X-27 Net assets without donor restrictionsStart of year $7,413,699$9,026,479
X-28 Net assets with donor restrictionsStart of year $8,101,518$8,584,242
X-32 Total net assets or fund balancesStart of year $15,515,217$17,610,721
X-33 Total liabilities and net assetsStart of year $15,585,920$17,657,562
Part XI · Reconciliation of net assets $17,610,721 net assets at year end
XI-1 Total revenue$3,045,166
XI-2 Total expenses$1,215,852
XI-3 Revenue less expenses$1,829,314
XI-4 Net assets at start of year$15,515,217
XI-5 Net unrealized gains (losses) on investments$333,468
XI-7 Investment expenses−$52,098
XI-8 Prior period adjustments−$15,180
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,610,721

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

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