Alpha Xi Delta Foundation EIN 35-6053701

Alpha Xi Delta Foundation

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Provides scholarships, grants, and funds for educational and leadership development. For fiscal year 2025 it reported $1.2M in revenue, $782K in expenses, and $10.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Indianapolis, IN
Website
www.alphaxidelta.org
Filings
5 on file (2021–2025)
Revenue
$1.2MFY2025
Expenses
$782K
Net assets
$10.7M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-6053701 Public charity (501(c)(3)) Indianapolis, IN
Form 990 (PDF)
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Size
$1–10M
What they do
Provides scholarships, grants, and funds for educational and leadership development.
Leadership
Andrea Fouberg · Chair
Money in and out
$1.2M revenue, $782K expenses
Bottom line
53% program efficiency
Where the money goes · FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$782K
Pt IX · Ln 25
Net assets
$10.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $446K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.32 Fundraising $0.14
Program efficiency
53%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
158.7mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
+36%
revenue over expenses, this year▲ +27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.2M
FY2025▲ +44%
Expenses
$782K
FY2025▲ +28%
Total assets
$10.7M
FY2025▲ +6%
Total liabilities
$38K
FY2025▲ +51%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$782K
Pt IX · Ln 25
Net assets
$10.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$446K
Total assetsPt X · Ln 16$10.7M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $416K of program spending, described in the organization's own filed words · FY2024.
01

In the fiscal year, the foundation provided substantial support for alpha xi delta's personal development and philanthropic programs. These included: the leadership coach program, communityedu, justice, equity and human dignity programs, the founders' academy, the workout, strengths and wellbeing programming, educational speakers at…

$416Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlpha Xi Delta Foundation
EINHdr · item D35-6053701
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jwww.alphaxidelta.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B83Z)
Ruling yearIRS BMFFeb 1962

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alpha Xi Delta Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$804K · 65%
Contributions & grants$424K · 35%
Investment income65%$804K
Contributions & grants35%$424K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.32 Fundraising $0.14
Program services53%$416K
Management & general32%$254K
Fundraising14%$113K
Total functional expensesLn 25$782K

Balance Sheet

Part X · end of year
CashLn 1$374K
Total assetsLn 16$10.7M
Total liabilitiesLn 26$38K
Total net assetsLn 32$10.7M
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.3M · Operating expenses/yr $782K
158.7 months
Where the money goes
Program services
Program services $416K · Total expenses $782K
53%
Management & General
Management & general $254K · Total expenses $782K
32%
Fundraising
Fundraising $113K · Total expenses $782K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $106K · Solicited contributions (3-yr avg) $369K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $424K · Total revenue $1.2M
35%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $804K · Total revenue $1.2M
+65%
Program self-sufficiency
Program service revenue $0 · Total expenses $782K
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $853K
+44%
Revenue CAGR
FY2020 $1.3M · FY2024 $1.2M
-2%
Net-asset trend (YoY)
End of year $10.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $782K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $10.7M
Net-asset ratio
Net assets $10.7M · Total assets $10.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.7M
93%
People & payroll
Highest Reported Total Compensation
Individual Andrea Fouberg · Reported title CHAIR · Highest reported compensation $0 · Total expenses $782K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $782K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 32%
Fundraising cost ratio 27%
Revenue growth 44%
Investment management fee ratio 0.6%
Legal fee ratio 2%
Accounting fee ratio 6%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 46 grants · $1.8M · 2020–2024
Unitemized GrantFY2024$150,325
Alpha Xi Delta FraternityIN · FY2024$96,181
Alpha Xi Delta FraternityIN · FY2024$44,035
Alpha Xi Delta FraternityIN · FY2024$30,000
Unitemized GrantFY2024$20,100
Alpha Xi Delta FraternityIN · FY2024$7,265
Alpha Xi Delta FraternityIN · FY2024$7,000
Alpha Xi Delta FraternityIN · FY2024$6,200
Unitemized GrantFY2024$5,414
Unitemized GrantFY2023$132,864
Alpha Xi Delta FraternityIN · FY2023$105,028
Alpha Xi Delta FraternityIN · FY2023$25,333
Unitemized GrantFY2023$15,150
Alpha Xi Delta FraternityIN · FY2023$10,000
Alpha Xi Delta FraternityIN · FY2023$7,482
Alpha Xi Delta FraternityIN · FY2023$6,000
Alpha Xi Delta FraternityIN · FY2023$5,415
Unitemized GrantFY2023$2,578
See all 46 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2024$853K revenue · ⤓ 990 PDF
FY2023$750K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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