Civic Intelligence

Alpha Zeta Foundation Inc.

990 • Fiscal year 2018 • EIN 31-1110069

Oct 01, 2017 to Sep 30, 2018 • Filed on Dec 21, 2018

201 East Main StreetLexington, KY 40507

(859) 514-9150

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

45th percentile

0.1%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

62%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$584,297

Up $496 (+0.1%) from 2017

Net Assets

Up

$584,297

Up $3,504 (+0.6%) from 2017

Liabilities

Down

$0

Down $3,008 (-100%) from 2017

Revenue

Up

$46,112

Up $17,709 (+62%) from 2017

Expenses

Up

$51,830

Up $18,992 (+58%) from 2017

Net Income

Down

-$5,718

Down $1,283 (-29%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $583,801Liabilities 2017: $3,008Net Assets 2017: $580,7932017Assets 2018: $584,297Liabilities 2018: $0Net Assets 2018: $584,2972018Assets 2019: $573,790Liabilities 2019: $0Net Assets 2019: $573,7902019Assets 2020: $560,710Liabilities 2020: $0Net Assets 2020: $560,7102020Assets 2021: $665,241Liabilities 2021: $0Net Assets 2021: $665,2412021Assets 2022: $557,677Liabilities 2022: $21,850Net Assets 2022: $535,8272022Assets 2023: $644,864Liabilities 2023: $50,200Net Assets 2023: $594,6642023Assets 2024: $758,671Liabilities 2024: $43,368Net Assets 2024: $715,3032024

Highlighted filing

2018

Assets$584,297
Liabilities$0
Net Assets$584,297

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2017: $28,403Expenses 2017: $32,838Net Income 2017: -$4,4352017Revenue 2018: $46,112Expenses 2018: $51,830Net Income 2018: -$5,7182018Revenue 2019: $46,471Expenses 2019: $39,256Net Income 2019: $7,2152019Revenue 2020: $26,418Expenses 2020: $28,425Net Income 2020: -$2,0072020Revenue 2021: $36,186Expenses 2021: $33,721Net Income 2021: $2,4652021Revenue 2022: $25,640Expenses 2022: $30,398Net Income 2022: -$4,7582022Revenue 2023: $28,858Expenses 2023: $34,454Net Income 2023: -$5,5962023Revenue 2024: $39,066Expenses 2024: $43,807Net Income 2024: -$4,7412024

Highlighted filing

2018

Revenue$46,112
Expenses$51,830
Net Income-$5,718
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Dec 21, 2018
Return Version
2017v2.2
Gross Receipts
$148,224
Mission and Program Overview

Mission

Promotion of agricultural education at institutions of higher learning

Promotion of agricultural education at institutions of higher learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$514,574$520,496▲ $5,922
Savings and Temporary Cash Investments$32,616$62,938▲ $30,322
Cash and Non-Interest-Bearing Accounts$35,908--
Prepaid Expenses and Deferred Charges$703$788▲ $85
Pledges and Grants Receivable-$75-
Total Assets$583,801$584,297▲ $496
Liabilities
Accounts Payable and Accrued Expenses$3,008--
Total Liabilities$3,008$0▼ $3,008
Net Assets / Fund Balance
Permanently Rstr Net Assets$470,499$470,499→ $0
Temporarily Rstr Net Assets$76,691$92,509▲ $15,818
Unrestricted Net Assets$33,603$21,289▼ $12,314
Total Net Assets Fund Balance$580,793$584,297▲ $3,504
Total Liabilities and Net Assets / Fund Balance$583,801$584,297▲ $496

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$514,573-▲ $39,977$15,077$520,496
2016$498,665-▲ $57,346$28,718$514,573
2015$472,788-▲ $41,496-$498,665
2014$502,939-▼ $10,526-$472,788
2013$445,851-▲ $75,190-$502,939
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ole MelandPresident
Weston MccorkleVice-president
Beatriz RodriguezDirector
Dennis LcannonDirector
Kayle RobbenDirector
Todd HigginsDirector
Kayla HurstHigh Council Representative
Ricki SchroederHigh Council Representative
Jackie MundtSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,235
Program Service Revenue
$0
Investment Income
$28,631
Other Revenue
$2,246
All Other Contributions
$15,235
Change in Net Assets
$-5,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$27,750
Other Expenses$24,080
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,250--$21,250
Fees for Services Management$0$11,244$0$11,244
Grants to Domestic Individuals$6,500--$6,500
Fees for Services Accounting$0$4,230$0$4,230
Insurance$0$924$0$924
Fees for Services Legal$0$319$0$319
Office Expenses$0$289$0$289
Other Expenses$0$96$0$96
Total Functional Expenses$34,728$17,102$0$51,830
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montana State UniversityBozeman, MT-Scholarship$12,000
Morrill Chapter Alpha Zeta FraternityState College, PA-Bldg. Improvements$9,250
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Filing and Contact Details

Filer

Filer Name
Alpha Zeta Foundation Inc
EIN
31-1110069
Phone
8595149150
Address
201 EAST MAIN STREET, LEXINGTON, KY 40507

Signing Officer

Name
Ole Meland
Title
President
Phone
8595149150
Signed
2018-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ole Meland
Formed
1984
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Murray Petrey Pllc
Address
120 S MAPLE ST, WINCHESTER, KY 40391-1928
Preparer
Colleen V Murray CPA
Phone
8597447722
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

The foundation outsources management and operation functions to amr management services, a full service association management company accredited by the amc institute.

Pt VI, Line 8B

There is no committee that has the authority to act on behalf of the board.

Pt VI, Line 11B

An electronic copy of the form 990 is provided to each voting member of the governing body at least 2 weeks prior to the filing of the return. Upon tax preparer completion of the irs form 990, the form and accompanying schedules are first reviewed by the association management company's president and controller. Thereafter, an electronic copy of the form 990 (and accompanying schedules) will be made available by the account executive to each voting member of the governing body via electronic e-mail notification and instructions for contacting foundation headquarters with comments or questions. A 2-week timeframe will be provided for governing body comments or questions.

Pt VI, Line 11B

Following the open timeframe for governing body comments and questions, and following the resolution of any questions or other matters that have arisen, the form 990 and accompanying schedules will be provided by the account executive to a designated officer (president or treasurer) for final authorizing signature.

Pt VI, Line 12C

The organization requires officers to disclose all conflicts. Any conflicts that arise in between annual disclosures shall be disclosed in advance of any relevant high council or foundation action.

Pt VI, Line 19

BY REQUEST.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt012728
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt071162
IRS990ScheduleA/TotalSupportAmt0176518
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt06977
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0514573
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0520496
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt012000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt039977
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015077
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt06720
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0498665
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0514573
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt057346
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt028718
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt06619
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0472788
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0498665
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt09000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041496
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt04625
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0502939
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0472788
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt015000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-10526
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt05102
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0445851
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0502939
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt013000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt075190
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NONE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt012000
IRS990ScheduleI/RecipientTable/CashGrantAmt19250
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Scholarship
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Bldg. Improvements
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Montana State University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Morrill Chapter Alpha Zeta Fraternity
IRS990ScheduleI/RecipientTable/RecipientEIN0816010045
IRS990ScheduleI/RecipientTable/RecipientEIN1240507705
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 174160
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1360 North College Rd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Bozeman
IRS990ScheduleI/RecipientTable/USAddress/CityNm1State College
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd059717
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd116801
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Scholarships that are paid directly to the university are applied to the student's account. The general scholarships are paid directly to the student to be used for their education expenses. The students that are in graduate school must provide proof to the organization that they are enrolled in a graduate program. For the undergraduate students, the organization confirms their enrollment with the chapter advisors.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION OUTSOURCES MANAGEMENT AND OPERATION FUNCTIONS TO AMR MANAGEMENT SERVICES, A FULL SERVICE ASSOCIATION MANAGEMENT COMPANY ACCREDITED BY THE AMC INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS NO COMMITTEE THAT HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BODY AT LEAST 2 WEEKS PRIOR TO THE FILING OF THE RETURN. UPON TAX PREPARER COMPLETION OF THE IRS FORM 990, THE FORM AND ACCOMPANYING SCHEDULES ARE FIRST REVIEWED BY THE ASSOCIATION MANAGEMENT COMPANY'S PRESIDENT AND CONTROLLER. THEREAFTER, AN ELECTRONIC COPY OF THE FORM 990 (AND ACCOMPANYING SCHEDULES) WILL BE MADE AVAILABLE BY THE ACCOUNT EXECUTIVE TO EACH VOTING MEMBER OF THE GOVERNING BODY VIA ELECTRONIC E-MAIL NOTIFICATION AND INSTRUCTIONS FOR CONTACTING FOUNDATION HEADQUARTERS WITH COMMENTS OR QUESTIONS. A 2-WEEK TIMEFRAME WILL BE PROVIDED FOR GOVERNING BODY COMMENTS OR QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOLLOWING THE OPEN TIMEFRAME FOR GOVERNING BODY COMMENTS AND QUESTIONS, AND FOLLOWING THE RESOLUTION OF ANY QUESTIONS OR OTHER MATTERS THAT HAVE ARISEN, THE FORM 990 AND ACCOMPANYING SCHEDULES WILL BE PROVIDED BY THE ACCOUNT EXECUTIVE TO A DESIGNATED OFFICER (PRESIDENT OR TREASURER) FOR FINAL AUTHORIZING SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REQUIRES OFFICERS TO DISCLOSE ALL CONFLICTS. ANY CONFLICTS THAT ARISE IN BETWEEN ANNUAL DISCLOSURES SHALL BE DISCLOSED IN ADVANCE OF ANY RELEVANT HIGH COUNCIL OR FOUNDATION ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FRATERNITY OF ALPHA ZETA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0530234469
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AGRICULTURE FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0201 EAST MAIN STREET SUITE 1405
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEXINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040507
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/StatesWhereCopyOfReturnIsFldCd1KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt076691
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt092509
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0583801
IRS990/TotalAssetsEOYAmt0584297
IRS990/TotalAssetsGrp/BOYAmt0583801
IRS990/TotalAssetsGrp/EOYAmt0584297
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt015235
IRS990/TotalEmployeeCnt00

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