Alpha Delta Phi Society

“Description: fidelity ordinary dividends. Amount: 6,178. Description: capital gain distribution. Amount: 6,637. Description: other income. Amount: 1,257. Total included on form 990-ez, line 4: 14,072.”

“Income: gross receipts: 1,581. Returns and allowances: 0. Less cost of goods sold: 1,943. Gross profit: -362. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 1,943. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 1,943.”

“Description: chapter services. Amount: 1,887. Description: member programming costs. Amount: 1,631. Description: annual leadership training conference costs. Amount: 11,306. Description: investment fees. Amount: 3,159. Description: operating expenses. Amount: 6,773. Total to form 990-ez, line 16: 24,756.”

“Description: current year's unrealized gain/loss. Amount: 40,024. Description: prior years unrealized gains/losses. Amount: 100,237. Total to form 990-ez, line 20: 140,261.”

“Prior years tax returns incorrectly recorded the unrealized gains/losses on the investments as a liability on the balance sheet. The market value of the investments at the time of tax return was properly recorded on line 22, part ii of form 990-ez. The prior years' acumulated unrealized gains of $100,237 have been properly reclassified in the current year as a change in net assets per the irs instructions. The organization does not intend to amend prior returns for this classification error.”

“Description: outstanding payments. Beg. Of year amount: 100,237. End of year amount: 0.”