Civic Intelligence

Alpha XI Delta Fraternity Gamma Upsilon Chapter

990 • Fiscal year 2023 • EIN 36-0720566

Jun 01, 2022 to May 31, 2023 • Filed on Feb 11, 2024

1389 W 86th Street 350Indianapolis, IN 46260

(317) 872-3500

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.51x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

1.12x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2023

Net Margin

67th percentile

10%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

26th percentile

$172,186

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2023

Asset Growth

97th percentile

78%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

11%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$19,903,788

Up $8,730,050 (+78%) from 2022

Net Assets

Up

$9,674,451

Up $304,320 (+3.2%) from 2022

Liabilities

Up

$10,229,337

Up $8,425,730 (+467%) from 2022

Revenue

Up

$9,168,873

Up $941,315 (+11%) from 2022

Expenses

Down

$8,246,044

Down $438,691 (-5.1%) from 2022

Net Income

Up

$922,829

Up $1,380,006 (+302%) from 2022

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 2011: $4,497,733Liabilities 2011: $1,856,151Net Assets 2011: $2,641,5822011Assets 2012: $5,875,963Liabilities 2012: $2,419,121Net Assets 2012: $3,456,8422012Assets 2013: $7,656,068Liabilities 2013: $2,605,909Net Assets 2013: $5,050,1592013Assets 2014: $8,338,516Liabilities 2014: $2,376,653Net Assets 2014: $5,961,8632014Assets 2015: $9,245,051Liabilities 2015: $2,541,775Net Assets 2015: $6,703,2762015Assets 2016: $10,061,824Liabilities 2016: $2,722,887Net Assets 2016: $7,338,9372016Assets 2017: $10,764,384Liabilities 2017: $1,578,751Net Assets 2017: $9,185,6332017Assets 2018: $9,694,567Liabilities 2018: $1,006,792Net Assets 2018: $8,687,7752018Assets 2019: $9,936,455Liabilities 2019: $1,019,197Net Assets 2019: $8,917,2582019Assets 2020: $9,850,638Liabilities 2020: $943,783Net Assets 2020: $8,906,8552020Assets 2021: $10,729,824Liabilities 2021: $815,478Net Assets 2021: $9,914,3462021Assets 2022: $11,173,738Liabilities 2022: $1,803,607Net Assets 2022: $9,370,1312022Assets 2023: $19,903,788Liabilities 2023: $10,229,337Net Assets 2023: $9,674,4512023Assets 2024: $18,531,354Liabilities 2024: $9,424,087Net Assets 2024: $9,107,2672024

Highlighted filing

2023

Assets$19,903,788
Liabilities$10,229,337
Net Assets$9,674,451

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,283,5562011Expenses 2012: $2,740,9952012Expenses 2013: $3,883,0202013Revenue 2014: $5,696,448Expenses 2014: $4,774,689Net Income 2014: $921,7592014Revenue 2015: $6,291,418Expenses 2015: $5,524,431Net Income 2015: $766,9872015Revenue 2016: $6,828,782Expenses 2016: $6,159,975Net Income 2016: $668,8072016Revenue 2017: $10,410,566Expenses 2017: $8,485,755Net Income 2017: $1,924,8112017Revenue 2018: $7,726,685Expenses 2018: $8,322,410Net Income 2018: -$595,7252018Revenue 2019: $8,504,085Expenses 2019: $8,245,519Net Income 2019: $258,5662019Revenue 2020: $8,165,667Expenses 2020: $8,196,987Net Income 2020: -$31,3202020Revenue 2021: $7,815,595Expenses 2021: $6,923,213Net Income 2021: $892,3822021Revenue 2022: $8,227,558Expenses 2022: $8,684,735Net Income 2022: -$457,1772022Revenue 2023: $9,168,873Expenses 2023: $8,246,044Net Income 2023: $922,8292023Revenue 2024: $9,994,471Expenses 2024: $10,663,332Net Income 2024: -$668,8612024

Highlighted filing

2023

Revenue$9,168,873
Expenses$8,246,044
Net Income$922,829
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Feb 11, 2024
Return Version
2022v5.0
Gross Receipts
$9,782,803
Mission and Program Overview

Mission

The mission of alpha xi delta women's fraternity is to enrich the life of every alpha xi delta. We will nurture unity and cooperation; foster intellectual, professional, and personal growth; exemplify the highest ethical conduct; instill community responsibility; and perpetuate fraternal growth.

The mission of alpha xi delta women's fraternity is to enrich the life of every alpha xi delta. We will nurture unity and cooperation; foster intellectual, professional, and personal growth; exemplify the highest ethical conduct; instill community responsibility; and perpetuate fraternalgrowth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,171,200$6,225,821▲ $2,054,621
Cash and Non-Interest-Bearing Accounts$3,484,475$1,898,391▼ $1,586,084
Land, Buildings, and Equipment, Net$1,169,843$1,046,709▼ $123,134
Prepaid Expenses and Deferred Charges$625,868$583,451▼ $42,417
Accounts Receivable$528,535$404,560▼ $123,975
Other Notes and Loans Receivable, Net$62,932$0▼ $62,932
Inventories for Sale or Use$16,545$15,384▼ $1,161
Total Assets$11,173,738$19,903,788▲ $8,730,050
Other Assets Total$1,114,340$9,729,472▲ $8,615,132
Liabilities
Other Liabilities$801,135$9,437,890▲ $8,636,755
Deferred Revenue$436,466$560,028▲ $123,562
Accounts Payable and Accrued Expenses$566,006$231,419▼ $334,587
Total Liabilities$1,803,607$10,229,337▲ $8,425,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,370,131$9,674,451▲ $304,320
Total Net Assets Fund Balance$9,370,131$9,674,451▲ $304,320
Total Liabilities and Net Assets / Fund Balance$11,173,738$19,903,788▲ $8,730,050

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$931,988$1,397,042$2,329,030
Equipment$114,721$1,800,943$1,915,664
Other Assets Org$8,516,986--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elysia Balster GallivanNational Exec. DirectorPT$160,991$11,195$172,186
Lori HoltDirector of FinanceFT$85,418$15,545$100,963

Board Members and Trustees

NameTitle
Rebecca Richter PerrettNational President
Deanna NewellNational Vice President
Devon McgoldrickNational Vice President
Elizabeth ManuelNational Vice President
May Medallada RobinsonNational Vice President
Megan Mcgowan CrouchNational Vice President
Robin Hartman LockNational Vice President

Highest Paid Contractors

ContractorServicesLocationCompensation
College FreshMeals/food Service701 DEVONSHIRE DR C-23, Champaign, IL 61820$914,411
Ep Graphics INCQuill Magazine169 S JEFFERSON ST, Berne, IN 46711$187,902
Csl Management LLCProperty Management400 MAIN ST SUITE 210, Franklin, TN 37064$171,719
OmegafiDatabase ServicesPO BOX 2487, Columbus, GA 31902$132,151
Revenue and Support

Revenue Composition

Contributions and Grants
$163,735
Program Service Revenue
$7,667,003
Investment Income
$881,608
Other Revenue
$456,527
All Other Contributions
$163,735
Change in Net Assets
$922,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,161,665
Revenue Not Reported on Financial Statements
$7,208
Revenue Not Reported on Form 990
$368,244
Total Revenue per Audited Statements
$9,529,909
Total Revenue per Form 990
$9,168,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,236,406
Salaries, Compensation, and Employee Benefits$1,962,194
Grants and Similar Amounts Paid$47,444
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$2,329,398
Other Salaries and Wages---$1,413,376
Insurance---$461,700
Current Officers, Directors, Trustees, and Key Employees---$299,532
Depreciation Depletion---$296,547
Travel---$257,324
Other Expenses---$247,482
Information Technology---$244,030
All Other Expenses---$222,760
Fees for Services Management---$219,730
Fees for Services Other---$161,725
Payroll Taxes---$134,320
Conferences and Meetings---$121,731
Office Expenses---$121,457
Other Employee Benefits---$114,966
Grants to Domestic Orgs---$47,444
Fees for Services Accounting---$31,933
Fees for Services Legal---$23,434
Interest---$15,246
Fees for Service Investment Mgmnt Fees---$7,208
Total Functional Expenses$0$0$0$8,246,044

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,616,799
Total Expenses per Form 990$8,246,044
Expenses per Audited Statements$8,238,836
Expenses Not Reported on Form 990$377,963
Expenses Not Reported on Financial Statements$7,208
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Xi Delta National Housing CorporationIndianapolis, IN501(c)(7)Chapter Assistance and Loan Forgiveness$46,804
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$9,267,031
Due to Alpha Xi Delta Nhc$170,859
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 6

The most common way to become a member of alpha xi delta is to participate in the formal recruitment process at universities where an alpha xi delta chapter is located. Alpha xi delta is a member of the national panhellenic conference (npc) and recruits new members under their guidelines.

Form 990, Part VI, Section A, Line 7A

Members of alpha xi delta elect the national council.

Form 990, Part VI, Section B, Line 11B

Each member of the audit committee will receive a copy of the 990. Each member of the audit committee and elysia balster gallivan, as national executive director, will review the 990. Once those individuals have approved, the 990 will be issued. The final version will be shared with the national council for awareness prior to issuance.

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

The forms are collected, kept on file, and individuals are asked to recuse themselves from a vote if it is a conflict of interest.

Form 990, Part VI, Section B, Line 15

The fraternity has an executive performance and compensation review committee comprised of three board members. Those members reach out to the foundation chair and nhc president for feedback. They review both industry standards for compensation as well as greek organization survey results. Location of the national executive director is also taken into consideration. The committee completes the review document and agrees on the compensation. National president completes the review and sends a memo to director of finance and operations for the fraternity for execution.

Form 990, Part VI, Section C, Line 19

Kept on file. Available upon request

Form 990, Part VIII, Line 7D, Column D

Statement to report the deferral of gain on the sale of property used in the performance of an exempt function by an organization described in irc sec. 501(c)(7): real estate used in the exempt function of the organization as a headquarters building was sold in september 2022 for $830,695. After deducting cost basis of $68,295, the resulting gain of $762,400 is deferred from taxation pending reinvestment of proceeds. Pursuant to irc sec. 512(a)(3)(d), within one year prior to the sale and three years after the date of sale, all proceeds from the sale will be used to purchase additional property used in the exempt function of the organization. Thus, no gain is recognized on the sale.

Filing and Contact Details

Filer

Filer Name
Alpha Xi Delta Fraternity
EIN
36-0720566
Phone
3178723500
Address
1389 W 86TH STREET 350, INDIANAPOLIS, IN 46260

Signing Officer

Name
Elysia Balster Gallivan
Title
National Executive Director
Phone
3178723500
Signed
2024-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elysia Balster Gallivan
Formed
1893
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
45
Volunteers
535

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Angela N Crawford CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4B, Program Service Accomplishments

The fraternity's staff and volunteers provide multiple avenues to enrich and support the sisterhood experience of every member. - alpha xi delta employed three educational leadership consultants to assist chapters of alpha xi delta with member development, officer transitions, recruitment planning, public relations, and other aspects of chapter operations. - there is dedicated staff and programming to help chapters recruit talented, bold women into our sisterhood. These efforts include chapter visits, virtually and in person, and the workout, a comprehensive recruitment training program attended by chapter membership vice presidents and other recruitment officers. - officer academy is a virtual officer training for new chapter officers. It featured one recorded session and one live virtual session for each newly elected executive committee officer and new member orientation director. This program is designed to help members be successful in new roles, including encouraging collaboration with other sisters to ensure success. - the founder's academy (tfa) is an award-winning summer educational opportunity for chapter presidents and emerging leaders. Drawing on alpha xi delta's commitment to members' strengths, tfa focused on the development and application of cliftonstrengths principles enabling sisters to recognize their innate strengths while shedding light on areas where they can prioritize and take better care of themselves. This experience was held virtually july 21-23, 2022.

Form 990, Part III, Line 4C, Program Service Accomplishments

The fraternity uses multiple avenues to promote the accomplishments of our members and the organization. Alpha xi delta's magazine "the quill" allows us to promote the incredible accomplishments of our membersboth internally and externally. With a circulation of over 90,000, it is a source of pride for the organization. The mission of the quill of alpha xi delta is to inform, inspire and challenge. To sustain and nurture membership loyalty and interest. To recognize individual, group and fraternity accomplishments. To provide a forum for the exchange of information and opinions. To be the permanent record for the fraternity.

FORM 990, PART XI, LINE 9:

Cummulative adjustment for adoption of asc 842 -608,790.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The fraternity is organized as a not-for-profit corporation and has obtained exemption from income taxes under section 501(c)(7) of the united states internal revenue code and similar state laws. The exemption is on all income except unrelated business income. An unrelated trade or business of an exempt organization is any trade or business which is not substantially related to the exercise or performance of its exempt purpose. Income earned from non-members is recognized as unrelated business income to the extent such income is not set aside for charitable and educational purposes. Income that is properly set aside must be used for the qualifying purposes outlined in the set aside resolution. The outstanding balance of funds set aside as of may 31, 2023 and 2022 was $606,275 and $250,459, respectively. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the fraternity and to recognize a tax liability if the fraternity 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 fraternity, and has concluded that as of may 31, 2023 and 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The fraternity is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The fraternity has filed its federal and state income tax returns for periods through may 31, 2022. Income tax returns are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date the return was filed or its due date (including approved extensions).

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of good sold 377,963.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

GAIN ON ASSET DISPOSAL

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of good sold 377,963.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

GAIN ON ASSET DISPOSAL

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
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IRS990/Form990PartVIISectionAGrp/PersonNm0REBECCA RICHTER PERRETT
IRS990/Form990PartVIISectionAGrp/PersonNm1MEGAN MCGOWAN CROUCH
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBIN HARTMAN LOCK
IRS990/Form990PartVIISectionAGrp/PersonNm3ELIZABETH MANUEL
IRS990/Form990PartVIISectionAGrp/PersonNm4DEVON MCGOLDRICK
IRS990/Form990PartVIISectionAGrp/PersonNm5DEANNA NEWELL
IRS990/Form990PartVIISectionAGrp/PersonNm6MAY MEDALLADA ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm7ELYSIA BALSTER GALLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm8LORI HOLT
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/TitleTxt0NATIONAL PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1NATIONAL VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2NATIONAL VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3NATIONAL VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4NATIONAL VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5NATIONAL VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6NATIONAL VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7NATIONAL EXEC. DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR OF FINANCE
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IRS990/InterestGrp/TotalAmt015246
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ALPHA XI DELTA WOMEN'S FRATERNITY IS TO ENRICH THE LIFE OF EVERY ALPHA XI DELTA. WE WILL NURTURE UNITY AND COOPERATION; FOSTER INTELLECTUAL, PROFESSIONAL, AND PERSONAL GROWTH; EXEMPLIFY THE HIGHEST ETHICAL CONDUCT; INSTILL COMMUNITY RESPONSIBILITY; AND PERPETUATE FRATERNAL GROWTH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0230736
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt0121457
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1OTHER CHAPTER SUPPORT
IRS990/OtherExpensesGrp/Desc2QUILL
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
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IRS990/OtherExpensesGrp/TotalAmt1333523
IRS990/OtherExpensesGrp/TotalAmt2265126
IRS990/OtherExpensesGrp/TotalAmt3247482
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IRS990/OtherRevenueMiscGrp/Desc0PROCEEDS FROM CLOSED C
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2RELEASE FROM GUARANTEE
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01413376
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt062932
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0134320
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0625868
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0583451
IRS990/PrincipalOfficerNm0ELYSIA BALSTER GALLIVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0CHAPTER HOUSE RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2RISK MANAGEMENT ASSESS
IRS990/ProgramServiceRevenueGrp/Desc3PROPERTY MANAGEMENT
IRS990/ProgramServiceRevenueGrp/Desc4MEETINGS AND EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03794607
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12789559
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2694196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3275595
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4107094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03794607
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12789559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2694196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3275595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4107094
IRS990/ProgSrvcAccomActy2Grp/Desc0SEE SCHEDULE O.
IRS990/ProgSrvcAccomActy3Grp/Desc0SEE SCHEDULE O.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0171939
IRS990/PYGrantsAndSimilarPaidAmt01198676
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IRS990/PYOtherRevenueAmt0372027
IRS990/PYProgramServiceRevenueAmt07626454
IRS990/PYRevenuesLessExpensesAmt0-457177
IRS990/PYSalariesCompEmpBnftPaidAmt01924054
IRS990/PYTotalExpensesAmt08684735
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08227558
IRS990/ReconcilationRevenueExpnssAmt0922829
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0189143
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt0189143
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01800943
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01397042
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02329030
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-9719
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141457
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2998158
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt38516986
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM ALPHA XI DELTA FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM ALPHA XI DELTA NHC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RIGHT-OF-USE ASSETS UNDER OPERATING LEASES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0170859
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS OBTAINED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAWS. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. INCOME EARNED FROM NON-MEMBERS IS RECOGNIZED AS UNRELATED BUSINESS INCOME TO THE EXTENT SUCH INCOME IS NOT SET ASIDE FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES OUTLINED IN THE SET ASIDE RESOLUTION. THE OUTSTANDING BALANCE OF FUNDS SET ASIDE AS OF MAY 31, 2023 AND 2022 WAS $606,275 AND $250,459, RESPECTIVELY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FRATERNITY AND TO RECOGNIZE A TAX LIABILITY IF THE FRATERNITY 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 FRATERNITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FRATERNITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FRATERNITY HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH MAY 31, 2022. INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOOD SOLD 377,963.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GAIN ON ASSET DISPOSAL
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF GOOD SOLD 377,963.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4GAIN ON ASSET DISPOSAL
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01046709
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09729472
IRS990ScheduleD/TotalExpensesPerForm990Amt08246044
IRS990ScheduleD/TotalLiabilityAmt09437890
IRS990ScheduleD/TotalRevenuePerForm990Amt09168873
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09529909
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08616799
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt046804
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0HOUSING ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHAPTER ASSISTANCE AND LOAN FORGIVENESS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.5$9.42$9.11$9.99$10.7$0.67
2023Detailed filing. Detailed filing data is available for this year.$19.9$10.2$9.67$9.17$8.25$0.92
2022Detailed filing. Detailed filing data is available for this year.$11.2$1.80$9.37$8.23$8.68$0.46
2021Detailed filing. Detailed filing data is available for this year.$10.7$0.82$9.91$7.82$6.92$0.89
2020Detailed filing. Detailed filing data is available for this year.$9.85$0.94$8.91$8.17$8.20$0.03
2019Detailed filing. Detailed filing data is available for this year.$9.94$1.02$8.92$8.50$8.25$0.26
2018Detailed filing. Detailed filing data is available for this year.$9.69$1.01$8.69$7.73$8.32$0.60
2017Detailed filing. Detailed filing data is available for this year.$10.8$1.58$9.19$10.4$8.49$1.92
2016Detailed filing. Detailed filing data is available for this year.$10.1$2.72$7.34$6.83$6.16$0.67
2015Detailed filing. Detailed filing data is available for this year.$9.25$2.54$6.70$6.29$5.52$0.77
2014Detailed filing. Detailed filing data is available for this year.$8.34$2.38$5.96$5.70$4.77$0.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.66$2.61$5.05$3.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$2.42$3.46$2.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$1.86$2.64$2.28