Civic Intelligence

Alpha Delta Kappa Foundation Inc.

990 • Fiscal year 2023 • EIN 87-2284173

Jun 01, 2022 to May 31, 2023 • Filed on Apr 09, 2024

1615 West 92nd StreetKansas City, MO 64114

(816) 363-5525

Siviq Scores

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

Liabilities / Assets

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.33x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$106,540

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

26th percentile

-1.7%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.9%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$7,842,736

Down $132,772 (-1.7%) from 2022

Net Assets

Down

$7,618,111

Down $306,395 (-3.9%) from 2022

Liabilities

Up

$224,625

Up $173,623 (+340%) from 2022

Revenue

Down

$685,588

Down $42,933 (-5.9%) from 2022

Expenses

Down

$605,625

Down $43,657 (-6.7%) from 2022

Net Income

Up

$79,963

Up $724 (+0.9%) from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2022: $7,975,508Liabilities 2022: $51,002Net Assets 2022: $7,924,5062022Assets 2023: $7,842,736Liabilities 2023: $224,625Net Assets 2023: $7,618,1112023Assets 2024: $8,609,690Liabilities 2024: $62,414Net Assets 2024: $8,547,2762024Assets 2025: $9,284,369Liabilities 2025: $113,052Net Assets 2025: $9,171,3172025

Highlighted filing

2023

Assets$7,842,736
Liabilities$224,625
Net Assets$7,618,111

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2022: $728,521Expenses 2022: $649,282Net Income 2022: $79,2392022Revenue 2023: $685,588Expenses 2023: $605,625Net Income 2023: $79,9632023Revenue 2024: $593,745Expenses 2024: $582,652Net Income 2024: $11,0932024Revenue 2025: $1,511,024Expenses 2025: $615,331Net Income 2025: $895,6932025

Highlighted filing

2023

Revenue$685,588
Expenses$605,625
Net Income$79,963
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Apr 9, 2024
Return Version
2022v5.0
Gross Receipts
$1,987,128
Mission and Program Overview

Mission

To carry on charitable, scientific, literary, and educational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,833,792$7,785,176▼ $48,616
Cash and Non-Interest-Bearing Accounts$112,869$39,568▼ $73,301
Prepaid Expenses and Deferred Charges$9,850--
Total Assets$7,975,508$7,842,736▼ $132,772
Other Assets Total$18,997$17,992▼ $1,005
Liabilities
Other Liabilities$0$142,339▲ $142,339
Accounts Payable and Accrued Expenses$51,002$82,286▲ $31,284
Total Liabilities$51,002$224,625▲ $173,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,953,584$6,657,118▼ $296,466
Net Assets With Donor Restrictions$970,922$960,993▼ $9,929
Total Net Assets Fund Balance$7,924,506$7,618,111▼ $306,395
Total Liabilities and Net Assets / Fund Balance$7,975,508$7,842,736▼ $132,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Christi SmithExecutive DirectorPT$106,540$106,540

Board Members and Trustees

NameTitle
Sandy WolfeBoard Chair
Ann QuinlanBoard Member
Barbara StanfieldBoard Member
Ellen RoderickBoard Member
Judy GanzertBoard Member
Kathleen BuliganBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$300,537
Program Service Revenue
$0
Investment Income
$373,191
Other Revenue
$11,860
All Other Contributions
$300,537
Change in Net Assets
$79,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$374,421
Other Expenses$231,204
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$276,421--$276,421
Fees for Services Other$26,858$152,194-$179,052
Grants to Domestic Orgs$98,000--$98,000
Fees for Service Investment Mgmnt Fees$4,356$24,683-$29,039
Fees for Services Management$3,467$19,646-$23,113
Total Functional Expenses$409,102$196,523$0$605,625
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ALZHEIMER'S ASSOCIATIONChicago, IL501(c)(3)PROVIDE FUNDS FOR ALZHEIMER'S RESEARCH$35,000
ST JUDE'S CHILDRENS RESEARCH HOSPITALMemphis, TN501(c)(3)PROVIDE FUNDS FOR CHILDREN'S ILLNESS RESEARCH$35,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Adk Organization$142,339
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A draft copy of the form 990 is provided to the organization for review by the accountant and the executive director.

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

The conflict of interest disclosure is given to the executive director. Conflicts are presented to the executive director and the foundation board of director chair will be notified.

Form 990, Part VI, Section C, Line 19

Copies of the organization's form 990, bylaws, and policies are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Alpha Delta Kappa Foundation
EIN
87-2284173
Phone
8163635525
Address
1615 WEST 92ND STREET, KANSAS CITY, MO 64114

Signing Officer

Name
Christi Smith
Title
Executive Director
Phone
8163635525
Signed
2024-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christi Smith
Formed
1983
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
1100 WALNUT STREET SUITE 3400, KANSAS CITY, MO 64106
Preparer
Harold Ray
Phone
8167047310
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Management fees: program service expenses 26,858. Management and general expenses 152,194. Fundraising expenses 0. Total expenses 179,052.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit and seleciton of an independent accountant has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The organization is generally exempt from federal and state income taxes under internal revenue code 501(c)(3) and is not considered a private foundation. The organization recognizes the financial statement benefit of a tax only after determing that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. The organization is subject to income tax regulations in the u.s federal jurisdiction and certain state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the organization is no longer subject to income tax examinations by the applicable tax authorities for the years before 2018. If any were to be incurred, the organization's policy is to record penalties and interest assessed by income tax authorities as operating expense

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0142339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ADK ORGANIZATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND IS NOT CONSIDERED A PRIVATE FOUNDATION. THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX ONLY AFTER DETERMING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE ORGANIZATION IS SUBJECT TO INCOME TAX REGULATIONS IN THE U.S FEDERAL JURISDICTION AND CERTAIN STATE JURISDICTIONS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE APPLICABLE TAX AUTHORITIES FOR THE YEARS BEFORE 2018. IF ANY WERE TO BE INCURRED, THE ORGANIZATION'S POLICY IS TO RECORD PENALTIES AND INTEREST ASSESSED BY INCOME TAX AUTHORITIES AS OPERATING EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0142339
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1125423
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt271731
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt333167
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt410000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt59900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt619200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt72000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EXCELLENCE IN EDUCATION AWARD
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ALTRUISTIC SCHOLARSHIPS AND CHARITABLE PROGRAMS - S/P/N
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2INTERNATIONAL TEACHER EDUCATION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3REGIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4FINE ART GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5INNOVATION GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6CLASSROOM GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt7FUTURE EDUCATOR GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt136
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt27
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt359
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt42
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt533
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt649
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt72
IRS990ScheduleI/RecipientTable/CashGrantAmt035000
IRS990ScheduleI/RecipientTable/CashGrantAmt135000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE FUNDS FOR ALZHEIMER'S RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROVIDE FUNDS FOR CHILDREN'S ILLNESS RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALZHEIMER'S ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ST JUDE'S CHILDRENS RESEARCH HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientEIN0133039601
IRS990ScheduleI/RecipientTable/RecipientEIN1620646012
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0225 N MICHIGAN AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1262 DANNY THOMAS PLACE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd138105
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE BOARD OF DIRECTORS DETERMINES THE CRITERIA USED TO QUALIFY FOR CHARITABLE GRANTS AND ASSISTANCE FROM THE ORGANIZATION. FUNDS FOR SCHOLARSHIPS ARE MONITORED BY EXTENSIVE PAPERWORK. THE APPLICANTS SUBMIT A LISTING OF THE COLLEGE TUITION, FEES, BOOKS, AND LIVING EXPENSES THEY INCUR. THE RECIPIENTS ARE SPONSORED BY MEMBERS IN THE AREA OF THEIR SCHOOL WHO KEEP TRACK OF THE STUDENTS' ACTIVITIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW BY THE ACCOUNTANT AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST DISCLOSURE IS GIVEN TO THE EXECUTIVE DIRECTOR. CONFLICTS ARE PRESENTED TO THE EXECUTIVE DIRECTOR AND THE FOUNDATION BOARD OF DIRECTOR CHAIR WILL BE NOTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE ORGANIZATION'S FORM 990, BYLAWS, AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 26,858. MANAGEMENT AND GENERAL EXPENSES 152,194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 179,052.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR OVERSEEING THE AUDIT AND SELECITON OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ALPHA DELTA KAPPA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0440547482
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO CARRY ON CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01615 WST 92ND STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0KANSAS CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd064114
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07975508
IRS990/TotalAssetsEOYAmt07842736
IRS990/TotalAssetsGrp/BOYAmt07975508
IRS990/TotalAssetsGrp/EOYAmt07842736
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0300537
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0196523
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0409102
IRS990/TotalFunctionalExpensesGrp/TotalAmt0605625
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051002

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