Alpha Sigma Alpha Foundation FY2022 filing

Tax-deductible

Indianapolis, IN501(c)(3)EIN 43-1430061Revenue $544K in FY2022

On file with the IRSalphasigmaalpha.org/foundation9002 Vincennes Cir, 46268-3018 · Indianapolis, INTax-exempt since Feb 1988Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $64K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $216
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$544K
+46% vs prior year
Spent
$322K
To programs
50%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$544K
FY2022▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2021$372K
FY2022$544K
FY2023$445K
FY2024$299K
FY2025$393K
Expenses
$322K
FY2022▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$327K
FY2022$322K
FY2023$394K
FY2024$344K
FY2025$345K
Net assets
$1.9M
FY2022▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.1M
FY2022$1.9M
FY2023$1.9M
FY2024$2.1M
FY2025$2.3M

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

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1988.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $162K Management & general 38% · $124K Fundraising 11% · $36K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio Trustee
$0Pt VII · Sec A
See Alpha Sigma Alpha Foundation 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

Supports Alpha Sigma Alpha Sorority's educational, leadership, and philanthropic goals through charitable giving.

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Provided by the organization

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3 programs · $144K · in their own filed words · FY2021
01

Educational programming and grants to alpha sigma alpha sorority for leadership programs. The foundation provides partial funding for the educational components of the conferences and conventions provided to the members of alpha sigma alpha sorority.

$96Kprogram expense
02

Scholarships to individuals exclusively for educational purposes - to further its commitment to intellectual development and lifelong learning by offering academic scholarships to graduate members, undergraduate members and non-members.

$25Kprogram expense
03

Philanthropic efforts including grants to charitable organizations, which serve numerous members and individuals in need.

$22Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$216
Grants paid · 13 grants · $501K · 2020–2024
Unitemized GrantFY2024$31,011
Alpha Sigma Alpha SororityIN · FY2023$65,450
Unitemized GrantFY2023$28,250
Special Olympics INCDC · FY2023$20,149
Alpha Sigma Alpha SororityIN · FY2022$86,670
Unitemized GrantFY2022$34,798
Alpha Sigma Alpha SororityIN · FY2021$95,488
Unitemized GrantFY2021$16,400
Alpha Sigma Alpha SororityIN · FY2020$59,771
Unitemized GrantFY2020$24,000
Special Olympics INCDC · FY2020$19,366
Special Olympics Texas INCTX · FY2020$7,573

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$544K
Ln 12
Investment incomeLn 3$309K
Gifts and grantsLn 1h$236K
Money outPt IX
$322K
Ln 25
Programscol B$162K
Managementcol C$124K
Fundraisingcol D$36K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$1.9M
LiabilitiesLn 26$20K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Noncash giftsLn 1g$6K
Investment incomeLn 3$309K
Gains on assetsLn 7$270K
Total revenueLn 12$544K
Assets in detailPt X, end of year
CashLn 1$172K
SavingsLn 2$33K
Cash and savings togetherLn 1–2$205K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$1.9M
LiabilitiesLn 26$20K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY22End FY22
Cash and savingsLn 1–2$113K$205K
InvestmentsLn 11–13$2.0M$1.7M
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$2.1M$1.9M
LiabilitiesLn 26$6K$20K
Net assetsLn 32$2.1M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$117K$117K
Grants to domestic individualsLn 2$16K$16K
Other salaries and wagesLn 7$63K$3K$39K$22K
Other employee benefitsLn 9$104$5$64$35
Payroll taxesLn 10$966$49$589$328
Legal feesLn 11b$46$46
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$9K$5K$4K
Office expensesLn 13$4K$1K$3K$93
Information technologyLn 14$8K$8K
OccupancyLn 16$23K$1K$14K$8K
TravelLn 17$2K$2K$64
Conferences, conventions and meetingsLn 19$825$825
Depreciation, depletion and amortizationLn 22$1K$70$855$476
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$27K$14K$11K$2K
All other expensesLn 24e$4K$2K$1K$315
Total functional expensesLn 25$322K$162K$124K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $393K$345K$48K$2.3M 990 PDF
FY2024 $299K$344K−$45K$2.1M 990 PDF
FY2023 $445K$394K$51K$1.9M 990 PDF
FY2022 Viewing $544K$322K$223K$1.9M 990 PDF
FY2021 $372K$327K$46K$2.1M 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 FY2022 990 (6 parts)
Part I · Summary $544,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $281,152$235,804
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $87,111$308,587
I-11 Other revenuePrior year $4,032$0
I-12 Total revenuePrior year $372,295$544,391
I-13 Grants and similar amounts paidPrior year $115,349$133,299
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $102,264$64,356
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,111$123,993
I-18 Total expensesPrior year $326,724$321,648
I-19 Revenue less expensesPrior year $45,571$222,743
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $544,391 across 6 lines filed
VIII-1f All other contributions, gifts and grants$235,804
VIII-1g Noncash contributions (included above)$6,343
VIII-1h Total contributions, gifts and grants$235,804
VIII-3 Investment incomeExcluded from tax $38,115$38,115
VIII-7 Net gain or loss on sales of assetsExcluded from tax $270,472$270,472
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $308,587$544,391
Part IX · Statement of functional expenses $321,648 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $116,899$116,899
IX-2 Grants to domestic individualsPrograms $16,400$16,400
IX-7 Other salaries and wagesPrograms $3,165 · Management $38,604 · Fundraising $21,517$63,286
IX-9 Other employee benefitsPrograms $5 · Management $64 · Fundraising $35$104
IX-10 Payroll taxesPrograms $49 · Management $589 · Fundraising $328$966
IX-11b Legal feesManagement $46$46
IX-11c Accounting feesManagement $22,230$22,230
IX-11f Investment management feesManagement $14,948$14,948
IX-11g Other fees for servicesPrograms $4,651 · Fundraising $4,060$8,711
IX-13 Office expensesPrograms $1,016 · Management $3,279 · Fundraising $93$4,388
IX-14 Information technologyManagement $7,713$7,713
IX-16 OccupancyPrograms $1,120 · Management $14,407 · Fundraising $7,608$23,135
IX-17 TravelPrograms $1,764 · Management $64$1,828
IX-19 Conferences, conventions and meetingsManagement $825$825
IX-22 Depreciation, depletion and amortizationPrograms $70 · Management $855 · Fundraising $476$1,401
IX-23 InsuranceManagement $7,973$7,973
IX-24 Other expenses (24a–d)Programs $14,296 · Management $10,530 · Fundraising $2,049$26,875
IX-24e All other expensesPrograms $2,167 · Management $1,438 · Fundraising $315$3,920
IX-25 Total functional expensesPrograms $161,602 · Management $123,565 · Fundraising $36,481$321,648
Part X · Balance sheet $1,917,547 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $80,493$172,221
X-2 Savings and temporary cash investmentsStart of year $32,584$32,588
X-9 Prepaid expenses and deferred chargesStart of year $10,500$10,500
X-10c Land, buildings and equipment, netStart of year $3,796$2,395
X-11 Publicly traded securitiesStart of year $2,020,945$1,699,843
X-16 Total assetsStart of year $2,148,318$1,917,547
X-17 Accounts payable and accrued expensesStart of year $0$4,301
X-18 Grants payableStart of year $6,424$15,812
X-26 Total liabilitiesStart of year $6,424$20,113
X-27 Net assets without donor restrictionsStart of year $735,139$599,925
X-28 Net assets with donor restrictionsStart of year $1,406,755$1,297,509
X-32 Total net assets or fund balancesStart of year $2,141,894$1,897,434
X-33 Total liabilities and net assetsStart of year $2,148,318$1,917,547
Part XI · Reconciliation of net assets $1,897,434 net assets at year end
XI-1 Total revenue$544,391
XI-2 Total expenses$321,648
XI-3 Revenue less expenses$222,743
XI-4 Net assets at start of year$2,141,894
XI-5 Net unrealized gains (losses) on investments−$467,203
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,897,434

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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