Alpha Sigma Alpha Foundation FY2023 filing

Tax-deductible

Indianapolis, IN501(c)(3)EIN 43-1430061

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501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 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
$12K
0.6% 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
$445K
-18% vs prior year
Spent
$394K
To programs
51%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$445K
FY2023▼ -18%
Revenue by fiscal year
FY2021$372K
FY2022$544K
FY2023$445K
FY2024$299K
FY2025$393K
Expenses
$394K
FY2023▲ +22%
Expenses by fiscal year
FY2021$327K
FY2022$322K
FY2023$394K
FY2024$344K
FY2025$345K
Net assets
$1.9M
FY2023▲ +2%
Net assets by fiscal year
FY2021$2.1M
FY2022$1.9M
FY2023$1.9M
FY2024$2.1M
FY2025$2.3M

From the FY2023 Form 990 (year ending May 2023) · see the original

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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

51 cents of each dollar spent went to programs.

Program services 51% · $203K Management & general 37% · $145K Fundraising 12% · $46K

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 (FY2022); the FY2023 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
Trustee
$0Pt VII · Sec A
Treasurer
$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.

Provided by the organization

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3 program services account for $180K of program spending, described in the organization's own filed words · FY2022.
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.

$110Kprogram 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.

$43Kprogram expense
03

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

$26Kprogram 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 · 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$445K
Ln 12
Gifts and grantsLn 1h$457K
Investment incomeLn 3$42K
Money outPt IX
$394K
Ln 25
Programscol B$203K
Managementcol C$145K
Fundraisingcol D$46K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$2.0M
LiabilitiesLn 26$12K
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$457K
Noncash giftsLn 1g$5K
Investment incomeLn 3$42K
Gains on assetsLn 7−$54K
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$172K
Cash and savings togetherLn 1–2$274K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$2.0M
LiabilitiesLn 26$12K
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 FY23End FY23
Cash and savingsLn 1–2$205K$274K
InvestmentsLn 11–13$1.7M$1.7M
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$1.9M$2.0M
LiabilitiesLn 26$20K$12K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$111K$111K
Grants to domestic individualsLn 2$35K$35K
Other salaries and wagesLn 7$85K$4K$52K$29K
Other employee benefitsLn 9$2K$85$1K$582
Payroll taxesLn 10$7K$330$4K$2K
Legal feesLn 11b$164$164
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$7K$3K$59$5K
Office expensesLn 13$2K$86$2K
Information technologyLn 14$5K$5K
OccupancyLn 16$26K$1K$16K$8K
TravelLn 17$15K$14K$803
Conferences, conventions and meetingsLn 19$11K$10K$700
Depreciation, depletion and amortizationLn 22$1K$59$701$391
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$37K$23K$14K$801
All other expensesLn 24e$1K$791$210$89
Total functional expensesLn 25$394K$203K$145K$46K

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 Viewing $445K$394K$51K$1.9M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $445,238 across 6 lines filed
VIII-1f All other contributions, gifts and grants$457,460
VIII-1g Noncash contributions (included above)$4,780
VIII-1h Total contributions, gifts and grants$457,460
VIII-3 Investment incomeExcluded from tax $41,726$41,726
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$53,948−$53,948
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$12,222$445,238
Part IX · Statement of functional expenses $393,968 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $111,380$111,380
IX-2 Grants to domestic individualsPrograms $34,798$34,798
IX-7 Other salaries and wagesPrograms $4,250 · Management $51,844 · Fundraising $28,897$84,991
IX-9 Other employee benefitsPrograms $85 · Management $1,046 · Fundraising $582$1,713
IX-10 Payroll taxesPrograms $330 · Management $4,019 · Fundraising $2,240$6,589
IX-11b Legal feesManagement $164$164
IX-11c Accounting feesManagement $29,544$29,544
IX-11f Investment management feesManagement $12,900$12,900
IX-11g Other fees for servicesPrograms $2,683 · Management $59 · Fundraising $4,589$7,331
IX-13 Office expensesPrograms $86 · Management $1,571$1,657
IX-14 Information technologyManagement $5,262$5,262
IX-16 OccupancyPrograms $1,246 · Management $15,905 · Fundraising $8,475$25,626
IX-17 TravelPrograms $14,229 · Management $803$15,032
IX-19 Conferences, conventions and meetingsPrograms $10,000 · Management $700$10,700
IX-22 Depreciation, depletion and amortizationPrograms $59 · Management $701 · Fundraising $391$1,151
IX-23 InsuranceManagement $6,922$6,922
IX-24 Other expenses (24a–d)Programs $22,771 · Management $13,546 · Fundraising $801$37,118
IX-24e All other expensesPrograms $791 · Management $210 · Fundraising $89$1,090
IX-25 Total functional expensesPrograms $202,708 · Management $145,196 · Fundraising $46,064$393,968
Part X · Balance sheet $1,954,925 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $172,221$102,199
X-2 Savings and temporary cash investmentsStart of year $32,588$171,885
X-9 Prepaid expenses and deferred chargesStart of year $10,500$10,500
X-10c Land, buildings and equipment, netStart of year $2,395$1,244
X-11 Publicly traded securitiesStart of year $1,699,843$1,669,097
X-16 Total assetsStart of year $1,917,547$1,954,925
X-17 Accounts payable and accrued expensesStart of year $4,301$4,026
X-18 Grants payableStart of year $15,812$8,213
X-26 Total liabilitiesStart of year $20,113$12,239
X-27 Net assets without donor restrictionsStart of year $599,925$674,809
X-28 Net assets with donor restrictionsStart of year $1,297,509$1,267,877
X-32 Total net assets or fund balancesStart of year $1,897,434$1,942,686
X-33 Total liabilities and net assetsStart of year $1,917,547$1,954,925
Part XI · Reconciliation of net assets $1,942,686 net assets at year end
XI-1 Total revenue$445,238
XI-2 Total expenses$393,968
XI-3 Revenue less expenses$51,270
XI-4 Net assets at start of year$1,897,434
XI-5 Net unrealized gains (losses) on investments−$6,018
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,942,686

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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