Civic Intelligence

Alpha Epsilon Phi Foundation Incorporated

990 • Fiscal year 2014 • EIN 25-6067372

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

11 Lake Avenue Extension Ste 1ADanbury, CT 06811

(203) 748-0029

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

53rd percentile

2.7%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

1.1%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,032,057

Up $27,370 (+2.7%) from 2013

Net Assets

Up

$1,032,057

Up $27,370 (+2.7%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$125,294

Up $1,369 (+1.1%) from 2013

Expenses

Down

$94,086

Down $2,374 (-2.5%) from 2013

Net Income

Up

$31,208

Up $3,743 (+14%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $1,004,687Liabilities 2013: $0Net Assets 2013: $1,004,6872013Assets 2014: $1,032,057Liabilities 2014: $0Net Assets 2014: $1,032,0572014Assets 2015: $1,020,329Liabilities 2015: $0Net Assets 2015: $1,020,3292015Assets 2016: $1,055,668Liabilities 2016: $0Net Assets 2016: $1,055,6682016Assets 2017: $1,207,589Liabilities 2017: $0Net Assets 2017: $1,207,5892017Assets 2018: $1,121,106Liabilities 2018: $0Net Assets 2018: $1,121,1062018Assets 2019: $1,313,461Liabilities 2019: $0Net Assets 2019: $1,313,4612019Assets 2020: $1,453,394Liabilities 2020: $0Net Assets 2020: $1,453,3942020Assets 2021: $1,675,258Liabilities 2021: $14,167Net Assets 2021: $1,661,0912021Assets 2022: $1,550,006Liabilities 2022: $0Net Assets 2022: $1,550,0062022Assets 2023: $1,739,529Liabilities 2023: $0Net Assets 2023: $1,739,5292023Assets 2024: $1,760,960Liabilities 2024: $0Net Assets 2024: $1,760,9602024

Highlighted filing

2014

Assets$1,032,057
Liabilities$0
Net Assets$1,032,057

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2013: $123,925Expenses 2013: $96,460Net Income 2013: $27,4652013Revenue 2014: $125,294Expenses 2014: $94,086Net Income 2014: $31,2082014Revenue 2015: $321,600Expenses 2015: $97,657Net Income 2015: $223,9432015Revenue 2016: $132,277Expenses 2016: $141,675Net Income 2016: -$9,3982016Revenue 2017: $188,049Expenses 2017: $127,076Net Income 2017: $60,9732017Revenue 2018: $162,682Expenses 2018: $139,574Net Income 2018: $23,1082018Revenue 2019: $176,529Expenses 2019: $132,220Net Income 2019: $44,3092019Revenue 2020: $155,330Expenses 2020: $124,017Net Income 2020: $31,3132020Revenue 2021: $292,457Expenses 2021: $226,871Net Income 2021: $65,5862021Revenue 2022: $220,434Expenses 2022: $121,443Net Income 2022: $98,9912022Revenue 2023: $377,311Expenses 2023: $187,788Net Income 2023: $189,5232023Revenue 2024: $34,887Expenses 2024: $12,756Net Income 2024: $22,1312024

Highlighted filing

2014

Revenue$125,294
Expenses$94,086
Net Income$31,208
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$125,294
Mission and Program Overview

Mission

Support leadership development, programming, and to provide ongoing support for alpha epsilon phi sorority and its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$901,005$947,737▲ $46,732
Savings and Temporary Cash Investments$67,071$49,235▼ $17,836
Cash and Non-Interest-Bearing Accounts$36,611$35,085▼ $1,526
Total Assets$1,004,687$1,032,057▲ $27,370
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$776,811$816,144▲ $39,333
Temporarily Rstr Net Assets$227,876$215,913▼ $11,963
Total Net Assets Fund Balance$1,004,687$1,032,057▲ $27,370
Total Liabilities and Net Assets / Fund Balance$1,004,687$1,032,057▲ $27,370

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$227,876$26,369▲ $6,832-$215,913
2013$236,936$29,231▼ $14,797-$227,876
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$102,374
Program Service Revenue
$0
Investment Income
$22,912
Other Revenue
$8
All Other Contributions
$102,374
Change in Net Assets
$31,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Professional Fundraising Fees$43,904
Total Fundraising Expense$43,904
Grants and Similar Amounts Paid$35,281
Other Expenses$14,901
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$43,904$43,904
Grants to Domestic Orgs$35,000--$35,000
Fees for Services Management-$6,432-$6,432
Fees for Services Accounting-$5,000-$5,000
Office Expenses-$1,570-$1,570
Fees for Service Investment Mgmnt Fees-$1,563-$1,563
Conferences and Meetings$336--$336
Grants to Domestic Individuals$281--$281
Total Functional Expenses$35,617$14,565$43,904$94,086
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Epsilon Sorority IncDanbury, CT7Leadership Training$35,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$43,904
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 11B

Form 990 is prepared by an independent cpa firm and reviewed by the organization's top management. The form 990 is then reviewed and approved by the board of directors prior to filing with the irs.

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

A trustee or the development director who has a financial or personal interest or who would receive personal or financial benefit from a potential transaction with the foundation should not participate in the discussion or the vote on a transaction or arrangement that involves the interest. If a trustee or development director fails to disclose a conflict of interest, either intenionally or unintentionally, the president shall determine what appropriate action should be taken.

Form 990, Page 6, Part VI, Line 19

The governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Alpha Epsilon Phi Foundation Inc
EIN
25-6067372
Phone
2037480029
Address
11 LAKE AVENUE EXTENSION STE 1A, DANBURY, CT 06811

Signing Officer

Name
Donna Palley Kass
Title
Treasurer
Phone
2037480029
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Palley Kass
Formed
1959
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
15

Preparer

Firm
Agl Ascent Group LLC
Address
2810 PREMIERE PKWY STE 200, DULUTH, GA 30097
Preparer
David J Lerner
Phone
8003269530
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended use of the endowment funds are to be used for scholarship and leadership training purposes that further the foundation's mission. The funds are as follows: katz leadership fund, the cheryl kraff-cooper md giraffe fund, and the 1909 fund.

Schedule D, Page 3, Part X

The foundation qualifies as a tax-exempt organization as described in the internal revenue code section 501(c)3 and has been classified by the internal revenue service as a publicly supported organization and not a private foundation. The foundation is subject to unrelated business income tax on certain income not directly related to the foundation's tax- exempt purpose. In the opiion of management, the foundation had no unrelated business income for the year ended december 31, 2014. Accordingly, no provision or benefit for income taxes has been recorded in the accompanying financial statements. Fasb asc 740 provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in financial statements. Fasb asc 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the foundation's tax returns to determine whether the tax positions would "more-likely-than-not" be sustained if challenged by an applicable tax authority. Tax positions not deemed to meet the more-likely-than not threshold would be recorded as a tax benefit or expense in the current year. The foundation believes there are no material estimates that should be accrued as of december 31, 2014. The foundation is no longer subject to examination by tax authorities for tax years prior to 2011.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIP AND LEADERSHIP TRAINING PURPOSES THAT FURTHER THE FOUNDATION'S MISSION. THE FUNDS ARE AS FOLLOWS: KATZ LEADERSHIP FUND, THE CHERYL KRAFF-COOPER MD GIRAFFE FUND, AND THE 1909 FUND.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN THE INTERNAL REVENUE CODE SECTION 501(C)3 AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT A PRIVATE FOUNDATION. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN INCOME NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX- EXEMPT PURPOSE. IN THE OPIION OF MANAGEMENT, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2014. ACCORDINGLY, NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FASB ASC 740 PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN FINANCIAL STATEMENTS. FASB ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IF CHALLENGED BY AN APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE FOUNDATION BELIEVES THERE ARE NO MATERIAL ESTIMATES THAT SHOULD BE ACCRUED AS OF DECEMBER 31, 2014. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0MAIL SOLIC
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IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt059690
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt07 VALLEY WEST WAY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0MANCHESTER
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NH
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IRS990ScheduleG/LicensedStatesCd0CT
IRS990ScheduleG/LicensedStatesCd1NY
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IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0ACT3 NO
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (III)
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IRS990ScheduleI/RecipientTable/CashGrantAmt035000
IRS990ScheduleI/RecipientTable/IRCSectionDesc07
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LEADERSHIP TRAINING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALPHA EPSILON SORORITY INC
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SINCE ITS FOUNDING IN 1959, THE ALPHA EPSILON PHI FOUNDATION HAS BEEN ENRICHING THE LIVES OF AEPHI MEMBERS BY AWARDING SCHOLARSHIPS FOR BOTH UNDERGRADUATE AND GRADUATE STUDIES. ALL APPLICANTS MUST HAVE A MINIMUM GPA OF 3.0 AND WILL BE SCORED BASED ON ACADEMIC PERFORMANCE; CHAPTER, CAMPUS AND COMMUNITY ACTIVITIES AND NEED. RISING JUNIORS AND SENIORS ARE ELIGIBLE TO APPLY FOR UNDERGRADUATE SCHOLARSHIPS AND THESE WOMEN MUST BE FULL-TIME STUDENTS FOR THE COMING YEAR. GRADUATE APPLICANTS MUST HAVE COMPLETED AT LEAST ONE YEAR OF GRADUATE STUDIES PRIOR TO APPLYING. APPLICATIONS FOR THE ABOVE-NAMED SCHOLARSHIPS AND GENERAL FOUNDATION SCHOLARSHIPS ARE AVAILABLE EACH YEAR AFTER JANUARY AND ARE DUE BY APRIL 1ST.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE FORM 990 IS THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A TRUSTEE OR THE DEVELOPMENT DIRECTOR WHO HAS A FINANCIAL OR PERSONAL INTEREST OR WHO WOULD RECEIVE PERSONAL OR FINANCIAL BENEFIT FROM A POTENTIAL TRANSACTION WITH THE FOUNDATION SHOULD NOT PARTICIPATE IN THE DISCUSSION OR THE VOTE ON A TRANSACTION OR ARRANGEMENT THAT INVOLVES THE INTEREST. IF A TRUSTEE OR DEVELOPMENT DIRECTOR FAILS TO DISCLOSE A CONFLICT OF INTEREST, EITHER INTENIONALLY OR UNINTENTIONALLY, THE PRESIDENT SHALL DETERMINE WHAT APPROPRIATE ACTION SHOULD BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt094086
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WebsiteAddressTxt0WWW.AEPHI.ORG/FOUNDATION
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA PALLEY KASS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02037480029
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALPHA EPSILON PHI FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
ReturnHeader/Filer/EIN0256067372
ReturnHeader/Filer/PhoneNum02037480029
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ReturnHeader/Filer/USAddress/ZIPCd006811
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471077462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AGL ASCENT GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02810 PREMIERE PKWY STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030097
ReturnHeader/PreparerPersonGrp/PhoneNum08003269530
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J LERNER
ReturnHeader/ReturnTs02015-11-16T12:34:29-06:00
ReturnHeader/ReturnTypeCd0990

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