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Alpha Sigma Foundation FY2022 filing

Tax-deductible

Hillsborough, NC501(c)(3)Foundations & GrantmakersEIN 31-1681459

To promote advancement of learning

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
6 of 6
years in the black
Looks good: no deficit in the last 6 filings.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
72%
of spending
Worth a look: 72% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
Do they have reserves?
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
3
named funders · $30K
Looks good: 3 funders name it on their filings; 3 or more looks good.
Funders’ Sch. I, 990-PF
Do they carry debt?
$0
liabilities
Looks good: debts are 0% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
6
independent of 6 voting board members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$80K
+30% vs prior year
Spent
$29K
To programs
72%
Net assets
$825K
By yearFY2020–FY2025
Revenue
$80K
FY2022▲ +30%
Revenue by fiscal year
FY2020$28K
FY2021$61K
FY2022$80K
FY2023$119K
FY2024$218K
FY2025$104K
Expenses
$29K
FY2022▲ +3%
Expenses by fiscal year
FY2020$23K
FY2021$28K
FY2022$29K
FY2023$41K
FY2024$50K
FY2025$68K
Net assets
$825K
FY2022▼ -10%
Net assets by fiscal year
FY2020$705K
FY2021$914K
FY2022$825K
FY2023$967K
FY2024$1.2M
FY2025$1.4M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CAlpha Sigma Foundation
EINHdr · item D31-1681459
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2000
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CHillsborough, NC
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
WebsiteHdr · item Jwww.alphasigmafoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Fundraising $0.28
Program services72%$20K
Fundraising28%$8K
Total functional expensesLn 25$29K

Financial health

Is it on solid ground?

Program efficiency
72%
of spending reaches programs
Operating runway
346.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+64%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$825K
FY2022▼ -10%
Total assets by fiscal year
FY2020$705K
FY2021$914K
FY2022$825K
FY2023$967K
FY2024$1.2M
FY2025$1.4M
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$825K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$825K
Total liabilitiesLn 26$0
Total net assetsLn 32$825K
Months of cash on handcomputed15.7

Statement of Revenue

Part VIII
Contributions & grants$55K · 69%
Investment income$25K · 31%
Contributions & grants69%$55K
Investment income31%$25K
Total revenueLn 12$80K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $825K · Operating expenses/yr $29K
346.8 months
Where the money goes
Program services
Program services $20K · Total expenses $29K
72%
Management & General
Management & general $0 · Total expenses $29K
0%
Fundraising
Fundraising $8K · Total expenses $29K
28%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $37K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $55K · Total revenue $80K
69%
Government reliance
Government grants — · Total revenue $80K
—
Earned-income share
Program service revenue $0 · Total revenue $80K
0%
Investment reliance
Investment income $25K · Total revenue $80K
+31%
Program self-sufficiency
Program service revenue $0 · Total expenses $29K
0%
Growth & trend
Revenue growth (YoY)
This year $80K · Prior year $61K
+30%
Net-asset trend (YoY)
End of year $825K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $80K · Expenses $29K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $825K
—
Net-asset ratio
Net assets $825K · Total assets $825K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $788K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $825K
95%
People & payroll
Highest Reported Total Compensation
Individual Scott Norberg · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $29K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $29K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 0%——
Fundraising cost ratio 15%——
Revenue growth 30%——
Fundraising fee ratio 28%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Scott Norberg
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ben Adams
Director
$0Pt VII · Sec A
David Lloyd
Director
$0Pt VII · Sec A
Marc Nelson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alpha Sigma Foundation executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes learning and educational advancement for all.

Provided by the organization

This section is blank until Alpha Sigma Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $20K of program spending, described in the organization's own filed words · FY2021.
01

Summer Enrichment

Grants provided to selected alpha sigma of chi psi undergraduates as they devote their summer to experiences that will enrich their educational development and support the greater good.

$10Kprogram expense
02

Brothers Honored Brothers Remembered Scholarship

A scholarship for students pursuing post-graduate degrees.

$10Kprogram expense

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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
The Murray and Randy Sawyer FoundationFY2024$15K
Ellice and Rosa McDonald Foundation INCFY2024$15K
Shepherd Foundation INCFY2024$500
Total grants receivedfrom 3 funders$30K
See all 3 funders →
Grants paid · 17 grants · $181K · 2019–2024
Unitemized GrantFY2024$25,000
Alpha Sigma of Chi Psi INCNC · FY2024$17,557
Unitemized GrantFY2024$15,250
Unitemized GrantFY2023$20,610
Alpha Sigma of Chi Psi INCNC · FY2023$18,447
Unitemized GrantFY2022$12,500
Unitemized GrantFY2022$9,000
Alpha Sigma of Chi Psi INCNC · FY2022$8,227
Unitemized GrantFY2021$10,500
Unitemized GrantFY2021$10,000
Unitemized GrantFY2020$10,600
Unitemized GrantFY2020$4,500
Unitemized GrantFY2020$2,172
Unitemized GrantFY2019$6,600
Unitemized GrantFY2019$5,932
Unitemized GrantFY2019$3,000
Unitemized GrantFY2019$845

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $104K$68K-52% 990 PDF
FY2024 $218K$50K+84% 990 PDF
FY2023 $119K$41K+48% 990 PDF
FY2022 Viewing $80K$29K+30% 990 PDF
FY2021 $61K$28K+116% 990 PDF
FY2020 $28K$23K 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

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $28,547 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $20,500$20,500
IX-11e Professional fundraising feesFundraising $8,047$8,047
IX-25 Total functional expensesPrograms $20,500 · Management $0 · Fundraising $8,047$28,547

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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