Civic Intelligence

Alpha Sigma Phi Foundation Inc.

990 • Fiscal year 2018 • EIN 14-1908351

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 30, 2018

710 Adams StreetCarmel, IN 46032

(317) 843-1911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.09x

Higher debt load relative to revenue than 28% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

10th percentile

-20%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

43rd percentile

0.4%

Faster asset growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-52%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$12,521,231

Up $45,281 (+0.4%) from 2017

Net Assets

Down

$12,404,070

Down $420 (-0.0%) from 2017

Liabilities

Up

$117,161

Up $45,701 (+64%) from 2017

Revenue

Down

$1,248,762

Down $1,348,845 (-52%) from 2017

Expenses

Up

$1,503,890

Up $62,929 (+4.4%) from 2017

Net Income

Down

-$255,128

Down $1,411,774 (-122%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $11,617,243Liabilities 2010: $444,888Net Assets 2010: $11,172,3552010Assets 2011: $11,466,809Liabilities 2011: $301,609Net Assets 2011: $11,165,2002011Assets 2012: $11,415,708Liabilities 2012: $317,843Net Assets 2012: $11,097,8652012Assets 2013: $11,737,125Liabilities 2013: $246,155Net Assets 2013: $11,490,9702013Assets 2014: $12,610,199Liabilities 2014: $31,769Net Assets 2014: $12,578,4302014Assets 2015: $12,279,224Liabilities 2015: $77,636Net Assets 2015: $12,201,5882015Assets 2016: $11,634,084Liabilities 2016: $64,704Net Assets 2016: $11,569,3802016Assets 2017: $12,475,950Liabilities 2017: $71,460Net Assets 2017: $12,404,4902017Assets 2018: $12,521,231Liabilities 2018: $117,161Net Assets 2018: $12,404,0702018Assets 2019: $12,529,348Liabilities 2019: $143,057Net Assets 2019: $12,386,2912019Assets 2020: $12,800,147Liabilities 2020: $126,826Net Assets 2020: $12,673,3212020Assets 2021: $15,473,331Liabilities 2021: $110,170Net Assets 2021: $15,363,1612021Assets 2022: $13,482,471Liabilities 2022: $68,627Net Assets 2022: $13,413,8442022Assets 2023: $14,225,384Liabilities 2023: $148,354Net Assets 2023: $14,077,0302023Assets 2024: $15,585,920Liabilities 2024: $70,703Net Assets 2024: $15,515,2172024

Highlighted filing

2018

Assets$12,521,231
Liabilities$117,161
Net Assets$12,404,070

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,578,253Expenses 2010: $1,573,255Net Income 2010: $4,9982010Revenue 2011: $221,819Expenses 2011: $642,026Net Income 2011: -$420,2072011Revenue 2012: $1,534,958Expenses 2012: $1,263,743Net Income 2012: $271,2152012Revenue 2013: $1,286,029Expenses 2013: $1,492,671Net Income 2013: -$206,6422013Revenue 2014: $1,800,793Expenses 2014: $1,383,411Net Income 2014: $417,3822014Revenue 2015: $1,247,834Expenses 2015: $1,306,396Net Income 2015: -$58,5622015Revenue 2016: $1,723,529Expenses 2016: $1,409,301Net Income 2016: $314,2282016Revenue 2017: $2,597,607Expenses 2017: $1,440,961Net Income 2017: $1,156,6462017Revenue 2018: $1,248,762Expenses 2018: $1,503,890Net Income 2018: -$255,1282018Revenue 2019: $1,739,367Expenses 2019: $1,440,335Net Income 2019: $299,0322019Revenue 2020: $1,814,080Expenses 2020: $1,220,569Net Income 2020: $593,5112020Revenue 2021: $1,283,397Expenses 2021: $1,120,183Net Income 2021: $163,2142021Revenue 2022: $1,601,180Expenses 2022: $1,056,373Net Income 2022: $544,8072022Revenue 2023: $1,097,124Expenses 2023: $1,401,863Net Income 2023: -$304,7392023Revenue 2024: $1,646,737Expenses 2024: $1,221,559Net Income 2024: $425,1782024

Highlighted filing

2018

Revenue$1,248,762
Expenses$1,503,890
Net Income-$255,128
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$2,052,215
Mission and Program Overview

Mission

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.

The foundation's mission is to promote education and leadership within alpha sigma phi fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,143,823$9,247,246▲ $103,423
Investments Other Securities$1,509,494$1,586,027▲ $76,533
Pledges and Grants Receivable$980,769$905,435▼ $75,334
Land, Buildings, and Equipment, Net$510,001$471,862▼ $38,139
Cash and Non-Interest-Bearing Accounts$63,705$74,206▲ $10,501
Other Notes and Loans Receivable, Net$115,842$73,769▼ $42,073
Prepaid Expenses and Deferred Charges$9,979$10,902▲ $923
Savings and Temporary Cash Investments$216$216→ $0
Total Assets$12,475,950$12,521,231▲ $45,281
Other Assets Total$142,121$151,568▲ $9,447
Liabilities
Other Liabilities$60,111$93,334▲ $33,223
Accounts Payable and Accrued Expenses$11,349$23,827▲ $12,478
Total Liabilities$71,460$117,161▲ $45,701
Net Assets / Fund Balance
Unrestricted Net Assets$7,679,447$7,304,314▼ $375,133
Permanently Rstr Net Assets$4,003,465$4,371,885▲ $368,420
Temporarily Rstr Net Assets$721,578$727,871▲ $6,293
Total Net Assets Fund Balance$12,404,490$12,404,070▼ $420
Total Liabilities and Net Assets / Fund Balance$12,475,950$12,521,231▲ $45,281

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$460,975$499,204$960,179
Equipment-$78,990$78,990
Other Land Buildings$10,887$20,070$30,957
Other Securities$1,586,027--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,200,842$362,520▲ $214,702-$4,579,095
2016$3,424,632$522,894▲ $400,728-$4,200,842
2015$3,151,627$486,466▼ $74,895$11,397$3,424,632
2014$2,924,840$309,130▲ $29,228$28,040$3,151,627
2013$2,230,373$488,095▲ $277,991$21,725$2,924,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gordon F HemingerPresident &FT$66,150$140,682$206,832
Gordon F HemingerPresident & CEO-$66,150$4,079$70,229

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$888,815
Program Service Revenue
$0
Investment Income
$346,618
Other Revenue
$13,329
All Other Contributions
$888,815
Change in Net Assets
$-255,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,204,512
Revenue Not Reported on Financial Statements
$44,250
Revenue Not Reported on Form 990
$258,608
Total Revenue per Audited Statements
$1,463,120
Total Revenue per Form 990
$1,248,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$706,157
Salaries, Compensation, and Employee Benefits$501,705
Total Fundraising Expense$482,338
Other Expenses$296,028
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$623,032--$623,032
Other Salaries and Wages-$100,464$242,633$343,097
Grants to Domestic Individuals$83,125--$83,125
Current Officers, Directors, Trustees, and Key Employees-$20,564$49,665$70,229
Travel-$9$53,994$54,003
Fees for Service Investment Mgmnt Fees-$44,250-$44,250
Other Employee Benefits-$19,945$18,854$38,799
Office Expenses-$17,071$21,145$38,216
Depreciation Depletion-$38,139-$38,139
Payroll Taxes-$9,040$21,833$30,873
Occupancy-$23,118-$23,118
Pension Plan Contributions-$5,478$13,229$18,707
Fees for Services Accounting-$18,246-$18,246
Conferences and Meetings$17,071--$17,071
Fees for Services Other--$5,370$5,370
Insurance-$2,000-$2,000
Other Expenses--$1,336$1,336
Total Functional Expenses$723,228$298,324$482,338$1,503,890

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,503,890
Total Expenses per Audited Statements$1,463,540
Expenses per Audited Statements$1,459,640
Expenses Not Reported on Financial Statements$44,250
Expenses Not Reported on Form 990$3,900
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Sigma Phi FraternityCarmel, IN501c7See Part Iv$543,000
Alpha Nu of Alpha Sigma PhiNew Wilmington, PA501c7Educational Housing$55,277
Beta Omicron House CorporationCuster, MI501c7Educational Housing$24,755
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$79,254
Annuity Payable$14,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

The bylaws were amended to remove the section regarding the organization's executive committee. The bylaws were amended to change the role of the treasurer.

Form 990, Page 6, Part VI, Line 8B

Significant committee actions are presented to the board and would appear in those minutes, if applicable.

Form 990, Page 6, Part VI, Line 11B

The foundation's board of directors examines the form 990 prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The foundation prohibits conflicts of interest with its board members and other personnel. All potential conflicts are examined and resolved immediately.

Form 990, Page 6, Part VI, Line 15A

The board of directors examines the president's salary and benefit package annually and compares it to other organizations in the peer group.

Form 990, Page 6, Part VI, Line 17

New york, north carolina, ohio, oregon, pennsylvania, south carolina, tennessee, virginia, indiana

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to interested parties upon written request.

Filing and Contact Details

Filer

Filer Name
Alpha Sigma Phi Foundation Inc
EIN
14-1908351
Phone
3178431911
Address
710 ADAMS STREET, CARMEL, IN 46032

Signing Officer

Name
Gordon F Heminger
Title
President & CEO
Phone
3178431911
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gordon F Heminger
Formed
1945
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Alerding CPA Group
Address
4181 E 96TH ST STE 180, INDIANAPOLIS, IN 46240
Preparer
Robert K Brinkers CPA
Phone
3175694181
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Part XI, Line 9

Cash surrender value life insurance 9,447

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The collection is comprised of near east stoneware. The organization holds the deed of gift and the appraisal of the items. The intention is to sell the art in the future and use the funds to further the mission of the organization.

Schedule D, Page 2, Part V, Line 4

To fund the programs of the organization.

Schedule D, Page 3, Part X

Management of the foundation evaluates all significant tax positions to ensure compliance with exempt purpose of the foundation as required by u.s. Gaap, including consideration of any unrelated business income tax. As of june 30, 2018, management does not believe the foundation has taken any tax positions that are not in compliance with the exempt purpose of the foundation. The foundations federal and state tax returns remain open and subject to examination beginning with the tax year ended june 30, 2015.

Schedule D, Page 4, Part XI, Line 2D

Cash surrender value life insurance 9,447

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16GRAND COUNCI
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT &
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IRS990/MissionDesc0THE 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.
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IRS990/OtherExpensesGrp/Desc0TOMAHAWK MAGAZINE
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 1,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt036428
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.6$0.07$15.5$1.65$1.22$0.43
2023Detailed filing. Detailed filing data is available for this year.$14.2$0.15$14.1$1.10$1.40$0.30
2022Detailed filing. Detailed filing data is available for this year.$13.5$0.07$13.4$1.60$1.06$0.54
2021Detailed filing. Detailed filing data is available for this year.$15.5$0.11$15.4$1.28$1.12$0.16
2020Detailed filing. Detailed filing data is available for this year.$12.8$0.13$12.7$1.81$1.22$0.59
2019Detailed filing. Detailed filing data is available for this year.$12.5$0.14$12.4$1.74$1.44$0.30
2018Detailed filing. Detailed filing data is available for this year.$12.5$0.12$12.4$1.25$1.50$0.26
2017Detailed filing. Detailed filing data is available for this year.$12.5$0.07$12.4$2.60$1.44$1.16
2016Detailed filing. Detailed filing data is available for this year.$11.6$0.06$11.6$1.72$1.41$0.31
2015Detailed filing. Detailed filing data is available for this year.$12.3$0.08$12.2$1.25$1.31$0.06
2014Summary only. Only limited summary data is available for this year.$12.6$0.03$12.6$1.80$1.38$0.42
2013Summary only. Only limited summary data is available for this year.$11.7$0.25$11.5$1.29$1.49$0.21
2012Summary only. Only limited summary data is available for this year.$11.4$0.32$11.1$1.53$1.26$0.27
2011Summary only. Only limited summary data is available for this year.$11.5$0.30$11.2$0.22$0.64$0.42
2010Summary only. Only limited summary data is available for this year.$11.6$0.44$11.2$1.58$1.57$0.00