Civic Intelligence

Alpha Phi Foundation Inc.

990 • Fiscal year 2021 • EIN 36-3895478

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 25, 2022

1930 Sherman AvenueEvanston, IL 60201

(847) 475-4532

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.23x

Higher debt load relative to revenue than 45% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

79th percentile

36%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

19th percentile

$133,939

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

78th percentile

24%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

29%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$30,132,695

Up $5,773,472 (+24%) from 2020

Net Assets

Up

$29,088,240

Up $6,160,093 (+27%) from 2020

Liabilities

Down

$1,044,455

Down $386,621 (-27%) from 2020

Revenue

Up

$4,608,658

Up $1,025,384 (+29%) from 2020

Expenses

Down

$2,955,336

Down $875,073 (-23%) from 2020

Net Income

Up

$1,653,322

Up $1,900,457 (+769%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2013: $11,577,185Liabilities 2013: $412,685Net Assets 2013: $11,164,5002013Assets 2014: $13,616,347Liabilities 2014: $624,101Net Assets 2014: $12,992,2462014Assets 2015: $13,929,085Liabilities 2015: $890,529Net Assets 2015: $13,038,5562015Assets 2016: $14,219,295Liabilities 2016: $591,679Net Assets 2016: $13,627,6162016Assets 2017: $17,746,497Liabilities 2017: $875,656Net Assets 2017: $16,870,8412017Assets 2018: $20,978,561Liabilities 2018: $1,215,556Net Assets 2018: $19,763,0052018Assets 2019: $22,942,160Liabilities 2019: $738,333Net Assets 2019: $22,203,8272019Assets 2020: $24,359,223Liabilities 2020: $1,431,076Net Assets 2020: $22,928,1472020Assets 2021: $30,132,695Liabilities 2021: $1,044,455Net Assets 2021: $29,088,2402021Assets 2022: $26,651,155Liabilities 2022: $1,639,909Net Assets 2022: $25,011,2462022Assets 2023: $25,092,722Liabilities 2023: $475,721Net Assets 2023: $24,617,0012023Assets 2024: $27,925,480Liabilities 2024: $1,045,020Net Assets 2024: $26,880,4602024Assets 2025: $28,536,677Liabilities 2025: $551,319Net Assets 2025: $27,985,3582025

Highlighted filing

2021

Assets$30,132,695
Liabilities$1,044,455
Net Assets$29,088,240

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2013: $2,371,4122013Revenue 2014: $3,966,915Expenses 2014: $3,207,961Net Income 2014: $758,9542014Revenue 2015: $4,308,677Expenses 2015: $3,685,183Net Income 2015: $623,4942015Revenue 2016: $4,053,135Expenses 2016: $2,979,410Net Income 2016: $1,073,7252016Revenue 2017: $5,678,113Expenses 2017: $3,306,625Net Income 2017: $2,371,4882017Revenue 2018: $5,509,873Expenses 2018: $3,192,065Net Income 2018: $2,317,8082018Revenue 2019: $3,757,678Expenses 2019: $2,938,318Net Income 2019: $819,3602019Revenue 2020: $3,583,274Expenses 2020: $3,830,409Net Income 2020: -$247,1352020Revenue 2021: $4,608,658Expenses 2021: $2,955,336Net Income 2021: $1,653,3222021Revenue 2022: $5,758,361Expenses 2022: $4,719,304Net Income 2022: $1,039,0572022Revenue 2023: $3,926,787Expenses 2023: $6,028,158Net Income 2023: -$2,101,3712023Revenue 2024: $5,253,709Expenses 2024: $4,534,214Net Income 2024: $719,4952024Revenue 2025: $6,393,590Expenses 2025: $4,302,654Net Income 2025: $2,090,9362025

Highlighted filing

2021

Revenue$4,608,658
Expenses$2,955,336
Net Income$1,653,322
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 25, 2022
Return Version
2020v4.0
Gross Receipts
$9,200,625
Mission and Program Overview

Mission

Advancing women's lives through the power of philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,562,581$25,818,238▲ $6,255,657
Pledges and Grants Receivable$1,535,785$2,039,459▲ $503,674
Savings and Temporary Cash Investments$1,869,999$703,878▼ $1,166,121
Cash and Non-Interest-Bearing Accounts$419,948$536,418▲ $116,470
Land, Buildings, and Equipment, Net$491,724$451,775▼ $39,949
Prepaid Expenses and Deferred Charges$73,957$76,603▲ $2,646
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$24,359,223$30,132,695▲ $5,773,472
Other Assets Total$405,229$506,324▲ $101,095
Liabilities
Accounts Payable and Accrued Expenses$455,796$866,491▲ $410,695
Grants Payable$823,280$177,964▼ $645,316
Other Liabilities$152,000--
Total Liabilities$1,431,076$1,044,455▼ $386,621
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,640,549$18,754,893▲ $5,114,344
Net Assets With Donor Restrictions$9,287,598$10,333,347▲ $1,045,749
Total Net Assets Fund Balance$22,928,147$29,088,240▲ $6,160,093
Total Liabilities and Net Assets / Fund Balance$24,359,223$30,132,695▲ $5,773,472

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$257,873$729,695$987,568
Other Land Buildings$13,537$281,997$295,536
Leasehold Improvements$169,454$35,539$204,993
Equipment$10,911$66,720$77,631

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$9,059,941$7,265,428--$16,325,369
2019$8,319,050$740,891--$9,059,941
2018$7,694,211$624,839--$8,319,050
2017$6,198,522$1,495,689--$7,694,211
2016$5,814,754$383,768--$6,198,522
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amy PeeblesExecutive DirectorFT$133,939$133,939

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,066,421
Program Service Revenue
$20,693
Investment Income
$1,494,248
Other Revenue
$27,296
All Other Contributions
$3,066,421
Change in Net Assets
$1,653,322

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$106,979Open Market
Other Non Cash Contri Table-$1,052Open Market
Total Noncash Contributions4$108,031-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,608,658
Total Revenue per Audited Statements
$4,608,658
Total Revenue per Form 990
$4,608,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$1,239,226
Grants and Similar Amounts Paid$1,113,788
Salaries, Compensation, and Employee Benefits$946,130
Other Expenses$895,418
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,101,288--$1,101,288
Other Salaries and Wages$145,210$58,284$449,863$653,357
Information Technology$6,436$17,352$138,659$162,447
All Other Expenses$7,051$58,924$88,565$154,540
Current Officers, Directors, Trustees, and Key Employees$29,768$11,948$92,223$133,939
Fees for Services Other$9,500$4,664$100,154$114,318
Other Employee Benefits$18,591$13,218$61,017$92,826
Payroll Taxes$12,454$5,011$39,501$56,966
Advertising-$1,792$52,142$53,934
Depreciation Depletion-$41,478-$41,478
Occupancy$6,804$12,291$21,074$40,169
Other Expenses$3,441$2,239$31,039$36,719
Travel$355$4,905$12,563$17,823
Foreign Grants$12,500--$12,500
Pension Plan Contributions$3,548$1,721$3,773$9,042
Fees for Services Accounting-$8,575-$8,575
Conferences and Meetings-$1,824$5,952$7,776
Insurance$74$3,857$228$4,159
Office Expenses$251$909$526$1,686
Fees for Services Legal-$710$774$1,484
Total Functional Expenses$1,419,656$296,454$1,239,226$2,955,336

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,955,336
Total Expenses per Audited Statements$2,955,336
Total Expenses per Form 990$2,955,336
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Phi FraternityEvanston, IL--$825,499
State University of IowaIowa City, IA--$100,000
Rush UniversityChicago, IL--$53,700
University of WashingtonSeattle, WA--$25,965
Kansas City UniversityKansas City, MO--$25,600
Case Western Reserve UniversiCleveland, OH--$20,500
Tallahassee Memorial HospitalTallahassee, FL--$19,869
University of Nebraska at KeaKearney, NE--$19,300
University of DenverDenver, CO--$18,000
Yale School of MedicineNew Haven, CT--$17,300
Sarver Heart CenterTucson, AZ--$15,363
Crieghton University Heart MiOmaha, NE--$15,250
Uc RegentsBerkeley, CA--$14,900
University of WashingtonMukilteo, WA--$13,630
Dartmouth CollegeHanover, NH--$13,000
Michigan State UniversityEast Lansing, MI--$12,300
Santa Clara UniversitySanta Clara, CA--$9,600
Heart Reach Carmel IncCarmel, IN--$8,061
Memorial FoundationCedar Falls, IA--$8,024
Creighton UniversityOmaha, NE--$8,000
Wichita State UniversityWichita, KS--$7,600
Northwestern UniveristyEvanston, IL--$7,500
Louisiana State UniversityBaton Rouge, LA--$7,100
North Caroline State UniversiRaleigh, NC--$7,100
Association of Black CardioloWashington, DC--$6,786
Harvard Medical SchoolBoston, MA--$6,600
University of PennsylvaniaPhiladelphia, PA--$5,800
Altru Health FoundationGrand Forks, ND--$5,612
Indiana UniversityIndianapolis, IN--$5,600
University of WashingtonSeattle, WA--$5,100
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Line 11B: Form 990 Review Process

The board of directors received a copy of the 990 for review and approval prior to being filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board of directors, advisory group members, and staff annually sign a form attesting that they have, and will continue to, comply with the foundations conflict of interest policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors approves the salary of the executive director and key employees. The salaries and benefits are compared to other salaries in the industry and geographic location and are considered reasonable.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board of directors approves the salary of the executive director and key employees. The salaries and benefits are compared to other salaries in the industry and geographic location and are considered reasonable.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents and financial statements of the organization are available to the public upon request. Tax returns and some of the foundation's key polocies are also available on the foundation's website.

Filing and Contact Details

Filer

Filer Name
Alpha Phi Foundation Inc
EIN
36-3895478
Phone
8474754532
Address
1930 SHERMAN AVENUE, EVANSTON, IL 60201

Signing Officer

Name
Amy Peebles
Title
Executive Director
Signed
2022-03-25
Discuss with paid preparer
Yes

Organization Details

Formed
1956
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
12

Preparer

Firm
Caldwell Coren & Sceggel
Address
7900 S CASS AVENUE SUITE 170, DARIEN, IL 60561
Preparer
Jonathan S Sceggel CPA MBA
Phone
6309602135
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: forget-me-not these assistance grants are paid to alpha phi fraternity collegians and alumnae in good standing who are facing severe financial distress, serious health issues, consequences of natural disasters, and urgent family crises. The grant is designed to provide temporary, short-term, financial assistance for an unforeseen event. Members may apply on their own or on behalf of a sister in need. Applications are approved by the executive director. Members of the foundations board of directors, foundation staff, and family members of both are ineligible. Other program services 5: the heart to heart grant is awarded annually to hospitals, educational institutions, and research organizations performing work in the area of cardiac care and research. These grants support groundbreaking cardiac advancements. In this fiscal year, the grant funded research to improve maternal healthcare for hypertension. In addition, the foundation awarded 10 grants to 501(c)3 organizations with a shared focus in heart health.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds consist of five unique categories established for specific purposes. These categories are scholarships, leadership training, heart health, direct assistance to alpha phi collegians and alumnae in good standing, and the preservation of the history of the alpha phi fraternity. The board of directors has the primary fiduciary responsibility for investing the funds. The funds are invested in a reasonably prudent manner managed by a professional investment advisor.

Part X : FIN48 Footnote

NOTE F - INCOME TAXESAccounting Standards Codification (ASC) 740, Income Taxes clarifies the accounting for uncertainty in income taxes recognized in the organizations financial statements. ASC 740 prescribes a more-likely-than-not recognition threshold and measurement attribute for the financial statement recognition and measurement of a liability arising from a tax position taken or expected to be taken. The organization has no tax positions at either June 30, 2020, 2019 and 2018 which give rise to such a liability.

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IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP - THE FOUNDATION SUPPORTS INNOVATIVE LEADERSHIP AND EDUCATIONAL PROGRAMMING THAT HELPS WOMEN GROW WITHIN THEIR CHAPTER, ON CAMPUS, AND IN THE WORKPLACE. THE PROGRAMS INCLUDE THE FOLLOWING: LIVE COURAGEOUSLY SERIES (EMPOWERS MEMBERS TO BE PROACTIVE IN A DIFFICULT SITUATION, TO ACT, AND TO CARE FOR ONE ANOTHER), STAND TOGETHER (TEACHES MEMBERS HOW TO MAKE ALPHA PHI A MORE WELCOMING, SAFE, AND INCLUSIVE ENVIRONMENT), LEAGUE OF COACHES (PROVIDES AN OPPORTUNITY FOR A DIVERSE GROUP OF ALUMNAE AND INDUSTRY LEADERS TO SHARE THEIR KNOWLEDGE AND EXPERTISE), LEGACY OF LEADERS (INCLUDES INNOVATIVE OPPORTUNITIES TO TEACH, INSPIRE, AND EDUCATE MEMBERS ABOUT HOW TO INFLUENCE CHANGE THROUGH EMPOWERING LEADERSHIP IN THEIR COMMUNITIES), AND GENEROUS HEARTS (REFLECTS THE LONG-STANDING COMMITMENT TO GIVING BACK AND PROVIDES NEW OPPORTUNITIES FOR COMMUNITY INVOLVEMENT AND EDUCATION). IN ADDITION, THE FOUNDATION SUPPORTS PROGRAMS THAT PROVIDE CONTINUED LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR COLLEGIATE CHAPTERS IN THE AREAS OF TEAMWORK, EFFECTIVE COMMUNICATION, AND CREATIVE PROBLEM SOLVING.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE HEART TO HEART GRANT IS AWARDED ANNUALLY TO HOSPITALS, EDUCATIONAL INSTITUTIONS, AND RESEARCH ORGANIZATIONS PERFORMING WORK IN THE AREA OF CARDIAC CARE AND RESEARCH. THESE GRANTS SUPPORT GROUNDBREAKING CARDIAC ADVANCEMENTS. IN THIS FISCAL YEAR, THE GRANT FUNDED RESEARCH TO IMPROVE MATERNAL HEALTHCARE FOR HYPERTENSION. IN ADDITION, THE FOUNDATION AWARDED 10 GRANTS TO 501(C)3 ORGANIZATIONS WITH A SHARED FOCUS IN HEART HEALTH.
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