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← FOUNDATION FOR FRATERNAL EXCELLENCE INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR FRATERNAL EXCELLENCE INC.

Totals

Total revenue
$1,842,570
Total expenses
$1,063,367
Contributions and grants received
$1,434,274
Grants paid
$473,242
Program service revenue
$370,919
Investment income
$37,377
Other revenue
$0
Total assets, end of year
$3,970,053
Total liabilities, end of year
$507,276
Net assets or fund balances, end of year
$3,462,777
Program services expenses (Part IX)
$992,220
Management and general expenses
$28,936
Fundraising expenses
$42,211
Program service expenses (Part III)
$992,220

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $89,000

  • 1f · All other contributions, gifts and grants

    $1,345,274

  • 2a · Program service revenue: MEETING AND CONFERENCE

    total $370,919 · related or exempt $370,919

  • 3 · Investment income

    total $38,175 · excluded $38,175

  • 7a · Gross sales of assets other than inventory

    securities $985

  • 7b · Less cost or other basis and sales expenses

    securities $1,783

  • 7c · Gain or loss

    securities -$798

  • 7d · Net gain or loss

    total -$798 · excluded -$798

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $426,742 · program services $426,742

  • 2 · Grants to domestic individuals

    total $46,500 · program services $46,500

  • 5 · Compensation of officers, directors and key employees

    total $200,919 · program services $161,943 · management and general $10,979 · fundraising $27,997

  • 7 · Other salaries and wages

    total $80,033 · program services $64,508 · management and general $4,373 · fundraising $11,152

  • 11c · Fees: accounting

    total $10,000 · program services $9,107 · management and general $893

  • 11g · Fees: other

    total $19,539 · program services $17,794 · management and general $1,745

  • 13 · Office expenses

    total $4,462 · program services $3,945 · management and general $299 · fundraising $218

  • 14 · Information technology

    total $38,908 · program services $32,449 · management and general $6,459

  • 19 · Conferences, conventions and meetings

    total $219,500 · program services $215,183 · management and general $1,473 · fundraising $2,844

  • 20 · Interest

    total $4,229 · program services $3,520 · management and general $709

  • 24a · Other expenses: OTHER

    total $12,535 · program services $10,529 · management and general $2,006

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $722,036 · end of year $916,665

  • 3 · Pledges and grants receivable

    beginning of year $1,022,712 · end of year $1,516,300

  • 4 · Accounts receivable

    beginning of year $33,882 · end of year $13,668

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,608 · end of year $66,392

  • 11 · Investments: publicly traded securities

    beginning of year $1,147,358 · end of year $1,457,028

  • 15 · Other assets

    beginning of year $37,355 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,061 · end of year $110,691

  • 19 · Deferred revenue

    beginning of year $46,438 · end of year $45,032

  • 23 · Secured mortgages and notes payable

    beginning of year $159,236 · end of year $157,696

  • 25 · Other liabilities

    beginning of year $78,271 · end of year $193,857

  • 27 · Net assets without donor restrictions

    beginning of year $1,240,160 · end of year $1,257,053

  • 28 · Net assets with donor restrictions

    beginning of year $1,362,785 · end of year $2,205,724

Mission and programs · 2022

Mission

FFE ADVANCES THE FRATERNAL MOVEMENT BY CULTIVATING A CULTURE OF PHILANTHROPY AND ENHANCING THE SOPHISTICATION OF FRATERNAL FOUNDATIONS. WE DELIVER ON THIS MISSION BY SUPPORTING OUR MEMBER FOUNDATIONS' ASSOCIATED PROFESSIONALS AND VOLUNTEERS THROUGH OUR CORE PRIORITIES OF CULTURE OF CARE, CONNECTION, AND RESEARCH.

Activities or mission (Part I)

THE FFE EXISTS TO SUPPORT ORGANIZATIONS AND INDIVIDUALS INVESTED IN DEVELOPING THE NEXT GENERATION OF FRATERNITY/SORORITY LEADERS BY FOSTERING A CULTURE OF CARE, INCREASING FINANCIAL RESOURCES TO SUPPORT THE COMMUNITY THROUGH RESEARCH GRANTS AND EDUCATIONAL PROGRAMS, PROVIDING COOPERATIVESERVICES AND COORDINATING AND SHARING RESOURCES TO INFORM DATA-DRIVENDECISION-MAKING.

  • NOW MORE THAN EVER, OUR CAMPUSES, WORKPLACES AND COMMUNITIES NEED STRONG, VALUE DRIVEN LEADERS. A HEALTHY, POSITIVE FRATERNITY/SORORITY EXPERIENCE ACTS AS AN INCUBATOR FOR LEADERSHIP AND PERSONAL DEVELOPMENT. THE FFE HAS A RESPONSIBILITY AND COMMITMENT TO PROTECT AND PRESERVE THE INTEGRITY OF THAT EXPERIENCE.RESEARCH GRANTS: FFE COORDINATES, SHARES, AND CHAMPIONS RESEARCH ON THE FRATERNITY/SORORITY EXPERIENCE AND WITHIN ITS MEMBERS TO HELP INFORM DATA-DRIVEN DECISION MAKING WITHIN THE FRATERNAL INDUSTRY. FFE MAINTAINS CRITICAL PARTNERSHIPS TO ADVANCE NECESSARY RESEARCH AND GROW FUNDING AVAILABLE.

    Expenses $398,277 · Grants $473,242

  • SCHOLARSHIPS TO SUPPORT 66 HIGH SCHOOL GRADUATES IN THE MEN'S COLLEGE SCHOLARSHIP PROGRAM TO INSPIRE COLLEGE ATTENDANCE AND ACADEMIC SUCCESS BY YOUNG MEN TOTALING $45,500.

    Expenses $20,193

  • THREE DIFFERENT EVENTS BY OVER 650 PARTICIPANTS. CONTINUING EDUCATION WEBINAR SERIES AND VIRTUAL COFFEE CHATS WITH PEER-LEARNING AND NETWORKING WITH OVER 150 PARTICIPANTS ANNUALLY. A COMPENDIUM OF EDUCATIONAL RESOURCES ELECTRONICALLY AVAILABLE TO MEMBERS TO MEET THE NEEDS OF THE CONTINUALLY EVEOLVING INDUSTRY.

    Expenses $194,760 · Revenue $231,582

  • OTHER

    Expenses $378,990 · Revenue $139,337

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracy Garner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Phil Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Emily Musser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ben Pendry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Hallee Winnie

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jason Hoyt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Christopher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Marsha Grady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ryan King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Fred Maglione

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Justin Kirk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kristin Tofanelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Wilson

    CFO (INCL 5YR RETENTION BONUS)

    Total calculated
    $241,252
    From this org
    $18,461
    From related orgs
    $125,501
    Other
    $97,290
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $9,771 + $102,673 related
    Bonus
    $8,690 + $22,828 related
    Other
    $0
    Deferred
    $7,115 + $74,757 related
    Nontaxable benefits
    $1,340 + $14,078 related
    Filer's total
    $26,916 + $214,336 related

  • Ashley Vandewark

    EXECUTIVE DIRECTOR

    Total calculated
    $143,201
    From this org
    $96,036
    From related orgs
    $27,849
    Other
    $19,316
    Hours/week
    40 + 35 related

    Schedule J breakdown matched by us

    Base
    $77,819 + $22,566 related
    Bonus
    $18,217 + $5,283 related
    Other
    $0
    Deferred
    $4,399 + $1,276 related
    Nontaxable benefits
    $10,574 + $3,067 related
    Filer's total
    $111,009 + $32,192 related

  • Judson Horras

    CEO

    Total calculated
    $349,656
    From this org
    $65,283
    From related orgs
    $263,102
    Other
    $21,271
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $55,343 + $223,042 related
    Bonus
    $9,940 + $40,060 related
    Other
    $0
    Deferred
    $3,032 + $12,218 related
    Nontaxable benefits
    $1,197 + $4,824 related
    Filer's total
    $69,512 + $280,144 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
MICHAEL WILSON IS COMPENSATED BY AN UNRELATED ENTITY, CENTER FOR FRATERNAL EXCELLENCE, FOR WORK PERFORMED FOR ASSOCIATION OF FRATERNAL LEADERSHIP AND VALUES. HE RECEIVED $20,398.42 FOR THE FISCAL YEAR FOR SERVICE TO THIS ORGANIZATION, OF WHICH $6,517.50 WAS DEFERRED COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CENTER FOR FRATERNAL EXCELLENCE INC

    C · MANAGEMENT SERVICES · IN

Provenance

Return type
form_990
Tax year
2022
Filed
15 July 2024
IRS schema version
2022v5.0
Source object
202401979349302450

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