Civic Intelligence

Foundation for Fraternal Excellence Inc.

990 • Fiscal year 2017 • EIN 35-1873572

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 15, 2018

Organization ProfileNICINDY.FOUNDATION
865 Carmel Drive No 116Carmel, IN 46032

(317) 872-1112

Siviq Scores

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

Liabilities / Assets

64th percentile

0.21x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.50x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$271,475

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 38.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

58%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

148%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$1,666,904

Up $609,387 (+58%) from 2016

Net Assets

Up

$1,311,725

Up $254,208 (+24%) from 2016

Liabilities

Up

$355,179

Up $355,179 from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin83rd percentile

Revenue

Up

$713,695

Up $425,550 (+148%) from 2016

Expenses

Up

$516,453

Up $171,584 (+50%) from 2016

Net Income

Up

$197,242

Up $253,966 (+448%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $510,595Liabilities 2012: $0Net Assets 2012: $510,5952012Assets 2013: $560,517Liabilities 2013: $0Net Assets 2013: $560,5172013Assets 2014: $1,096,936Liabilities 2014: $0Net Assets 2014: $1,096,9362014Assets 2016: $1,057,517Liabilities 2016: $0Net Assets 2016: $1,057,5172016Assets 2017: $1,666,904Liabilities 2017: $355,179Net Assets 2017: $1,311,7252017Assets 2019: $1,171,921Liabilities 2019: $52,486Net Assets 2019: $1,119,4352019Assets 2020: $1,713,282Liabilities 2020: $319,658Net Assets 2020: $1,393,6242020Assets 2021: $1,997,710Liabilities 2021: $319,377Net Assets 2021: $1,678,3332021Assets 2022: $3,002,951Liabilities 2022: $400,006Net Assets 2022: $2,602,9452022Assets 2023: $3,970,053Liabilities 2023: $507,276Net Assets 2023: $3,462,7772023Assets 2024: $5,191,806Liabilities 2024: $1,667,541Net Assets 2024: $3,524,2652024

Highlighted filing

2017

Assets$1,666,904
Liabilities$355,179
Net Assets$1,311,725
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $152,1692012Expenses 2013: $140,0902013Revenue 2014: $314,385Expenses 2014: $164,605Net Income 2014: $149,7802014Revenue 2016: $288,145Expenses 2016: $344,869Net Income 2016: -$56,7242016Revenue 2017: $713,695Expenses 2017: $516,453Net Income 2017: $197,2422017Revenue 2019: $465,004Expenses 2019: $547,349Net Income 2019: -$82,3452019Revenue 2020: $771,999Expenses 2020: $595,458Net Income 2020: $176,5412020Revenue 2021: $580,271Expenses 2021: $461,595Net Income 2021: $118,6762021Revenue 2022: $2,002,588Expenses 2022: $819,060Net Income 2022: $1,183,5282022Revenue 2023: $1,842,570Expenses 2023: $1,063,367Net Income 2023: $779,2032023Revenue 2024: $1,363,721Expenses 2024: $1,336,934Net Income 2024: $26,7872024

Highlighted filing

2017

Revenue$713,695
Expenses$516,453
Net Income$197,242
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 15, 2018
Return Version
2016v3.0
Gross Receipts
$721,024
Mission and Program Overview

Mission

Ffe advances the fraternal movement by cultivating a culture of philanthropy and enhancing the sophistication of fraternal foundations and professionals.

Nicf advances the fraternal movement by cultivating a culture of philanthropy and enhancing the sophistication of fraternal foundations and professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$744,488-
Savings and Temporary Cash Investments$690,794$375,196▼ $315,598
Cash and Non-Interest-Bearing Accounts$365,204$306,543▼ $58,661
Accounts Receivable-$228,408-
Prepaid Expenses and Deferred Charges-$11,250-
Land, Buildings, and Equipment, Net$1,519$1,019▼ $500
Total Assets$1,057,517$1,666,904▲ $609,387
Liabilities
Accounts Payable and Accrued Expenses-$329,929-
Deferred Revenue-$25,250-
Total Liabilities$0$355,179▲ $355,179
Net Assets / Fund Balance
Unrestricted Net Assets$943,724$997,484▲ $53,760
Temporarily Rstr Net Assets$113,793$214,241▲ $100,448
Permanently Rstr Net Assets-$100,000-
Total Net Assets Fund Balance$1,057,517$1,311,725▲ $254,208
Total Liabilities and Net Assets / Fund Balance$1,057,517$1,666,904▲ $609,387

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,019$1,985$3,004

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$113,792-▲ $21$8,647$105,166
2015$118,531$2,231▲ $30$6,850$113,792
2014$119,872$99,440▲ $500$101,131$118,531
2013$119,651$295▲ $76-$119,872
2012$119,825-▼ $24-$119,651
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judson HorrasPresdent & CEOPT$41,851$229,624$41,851

Board Members and Trustees

NameTitle
Kitty DekiefferPresident
Allison RicklesVice President
Ginger SmithDirector
Jason ButlerDirector
Jonathan BrantDirector
Kristin KaiserDirector
Ryan FlickingerDirector
David SmittleSecretary
John ChristopherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$425,883
Program Service Revenue
$266,536
Investment Income
$21,276
Other Revenue
$0
All Other Contributions
$392,733
Change in Net Assets
$197,242

Audited Revenue Reconciliation

Revenue per Audited Statements
$705,972
Revenue Not Reported on Financial Statements
$7,723
Revenue Not Reported on Form 990
$40,226
Total Revenue per Audited Statements
$746,198
Total Revenue per Form 990
$713,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$372,395
Salaries, Compensation, and Employee Benefits$134,338
Total Fundraising Expense$104,355
Grants and Similar Amounts Paid$9,720
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$143,434$233$1,260$144,927
Other Salaries and Wages$57,605$8,584$32,617$98,806
Current Officers, Directors, Trustees, and Key Employees$6,258$24,600$4,674$35,532
Fees for Services Other$12,303$22$1,980$14,305
Office Expenses$6,071$13$2,336$8,420
Fees for Service Investment Mgmnt Fees-$7,723-$7,723
Travel$3,706$1,043$2,446$7,195
Grants to Domestic Individuals$6,000--$6,000
Fees for Services Accounting--$5,413$5,413
Grants to Domestic Orgs$3,720--$3,720
Information Technology--$1,659$1,659
Other Expenses$159$42,465$609$768
Advertising$513--$513
Depreciation Depletion--$500$500
Total Functional Expenses$327,415$84,683$104,355$516,453

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$516,453
Expenses per Audited Statements$508,730
Total Expenses per Audited Statements$508,730
Expenses Not Reported on Financial Statements$7,723
Expenses Not Reported on Form 990$0
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
Audit committee
No
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, Part VI, Section B, line 11B

“The governing body reviews the return prior to filing.”

Form 990, Part VI, Section B, line 12C

“The policy is reviewed annually by individuals covered and disclosures are modified as needed.”

Form 990, Part VI, Section C, line 19

“The organization makes documents available to the public for review”

FORM 990, PART VII:

“The chief executive officer is compensated through the north-american interfraternity conference, inc. (conference), but also serves as the cheif executive officer on nic foundation, inc. (foundation), works, inc., and center for fraternal excellence (cfe). The foundation, works, and cfe reimbursed the conference for a percentage of the ceo's salary based on time allocations. The amount of reimbursed salary from the foundation is refelcted on part ix, line 5, officer's compensation.”

Filing and Contact Details

Filer

Filer Name
NIC Foundation Inc
EIN
35-1873572
Phone
3178721112
Address
865 Carmel Drive No 116, Carmel, IN 46032

Signing Officer

Name
Judson Horras
Title
Chief Executive Officer
Phone
3178721112
Signed
2018-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judson Horras
Formed
1992
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
75

Preparer

Firm
Blue & Co LLC
Address
12800 N Meridian Street Suite 400, Carmel, IN 46032
Preparer
Angela N Crawford CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Adjustment related to cash to accrual conversion 16,740.”

Form 990, Part XII, Line 1:

“Nic foundation's books are kept on an accrual basis. Prior year tax returns were reported on cash basis. Form 3115 is being filed with current year return.”

Financial Statement Notes

Part V, Line 4:

“The endowment is restricted for scholarships to the undergraduate fraternity institute. Earnings from the endowment are availble for spending and are considered temporarily restricted. There is no current plan for expenditure of the available funds.”

Part X, Line 2:

“The Foundation is organized as a not-for-profit corporation under Section 501(c)(3) of the United States Internal Revenue Code and corresponding state law. Additionally, the Foundation has been determined not to be a private foundation under Section 509(a) of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of August 31, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. As such, the Foundation is generally exempt from income taxes. However, the Foundation is required to file Federal Form 990 Return of Organization Exempt from Income Tax, and a similar state return, which are informational returns only. The Foundation is subject to routine audits by taxing jurisdictions. However, as of the date the financial statements were available to be issued, there were no audits for any tax periods in progress.”

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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt016740
IRS990/OtherExpensesGrp/Desc0GENERAL AND ADMINISTRAT
IRS990/OtherExpensesGrp/Desc1Bank Fees
IRS990/OtherExpensesGrp/Desc2Professional Dev and Tr
IRS990/OtherExpensesGrp/FundraisingAmt045773
IRS990/OtherExpensesGrp/FundraisingAmt15088
IRS990/OtherExpensesGrp/FundraisingAmt2609
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042465
IRS990/OtherExpensesGrp/ProgramServicesAmt081517
IRS990/OtherExpensesGrp/ProgramServicesAmt16129
IRS990/OtherExpensesGrp/ProgramServicesAmt2159
IRS990/OtherExpensesGrp/TotalAmt0169755
IRS990/OtherExpensesGrp/TotalAmt111217
IRS990/OtherExpensesGrp/TotalAmt2768
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt032617
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057605
IRS990/OtherSalariesAndWagesGrp/TotalAmt098806
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011250
IRS990/PrincipalOfficerNm0JUDSON HORRAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Meetings/Conference
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0266536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0266536
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt061667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-19
IRS990/PYOtherExpensesAmt0198721
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0226497
IRS990/PYRevenuesLessExpensesAmt0-56724
IRS990/PYSalariesCompEmpBnftPaidAmt0146148
IRS990/PYTotalExpensesAmt0344869
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0288145
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0197242
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0266536
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0690794
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0375196
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0425883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt061667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt049840
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035913
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt026088
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0599391
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt021032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032438
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt051622
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013123
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0707
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0118922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0266536
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0226497
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0289635
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0172402
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0163058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01118128
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt021032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032438
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt051622
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0707
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0118922
IRS990ScheduleA/InvestmentIncomeCYPct00.06480
IRS990ScheduleA/InvestmentIncomePYPct00.07720
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93520
IRS990ScheduleA/PublicSupportPY509Pct00.92280
IRS990ScheduleA/PublicSupportTotal509Amt01717519
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0692419
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0288164
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0339475
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0208315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0189146
IRS990ScheduleA/Total509Grp/TotalAmt01717519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0713451
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0320602
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0391097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0221438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0189853
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01836441
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0113792
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0105166
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt021
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt08647
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0150
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0118531
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02231
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0113792
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt06850
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0150
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0119872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt099440
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0118531
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0101131
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0150
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0119651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0295
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0119872
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt076
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0150
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0119825
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0119651
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-24
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01019
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01985
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03004
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07723
IRS990ScheduleD/ExpensesSubtotalAmt0508730
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07723
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07723
IRS990ScheduleD/NetUnrealizedGainsInvstAmt040226
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.95090
IRS990ScheduleD/RevenueNotReportedAmt040226
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07723
IRS990ScheduleD/RevenueSubtotalAmt0705972
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment is restricted for scholarships to the undergraduate fraternity institute. Earnings from the endowment are availble for spending and are considered temporarily restricted. There is no current plan for expenditure of the available funds.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is organized as a not-for-profit corporation under Section 501(c)(3) of the United States Internal Revenue Code and corresponding state law. Additionally, the Foundation has been determined not to be a private foundation under Section 509(a) of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of August 31, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. As such, the Foundation is generally exempt from income taxes. However, the Foundation is required to file Federal Form 990 Return of Organization Exempt from Income Tax, and a similar state return, which are informational returns only. The Foundation is subject to routine audits by taxing jurisdictions. However, as of the date the financial statements were available to be issued, there were no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.04910
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01019
IRS990ScheduleD/TotalExpensesPerForm990Amt0516453
IRS990ScheduleD/TotalRevenuePerForm990Amt0713695
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0746198
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0508730
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,666,904
Liabilities
$355,179
Net assets
$1,311,725
Revenue
$713,695
Expenses
$516,453
Net income
$197,242
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.19$1.67$3.52$1.36$1.34$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.97$0.51$3.46$1.84$1.06$0.78
2022Detailed filing. Detailed filing data is available for this year.$3.00$0.40$2.60$2.00$0.82$1.18
2021Detailed filing. Detailed filing data is available for this year.$2.00$0.32$1.68$0.58$0.46$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.32$1.39$0.77$0.60$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.17$0.05$1.12$0.47$0.55$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.36$1.31$0.71$0.52$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.29$0.34$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.31$0.16$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.15