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Nonprofiteer
← ALPHA DELTA FOUNDATION

Form 990 for tax year 2023

Filed by ALPHA DELTA FOUNDATION.

Totals

Total revenue
$35,763
Total expenses
$9,043
Contributions and grants received
$30,035
Grants paid
$0
Program service revenue
$0
Investment income
$5,728
Other revenue
$0
Total assets, end of year
$758,473
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$758,473
Program services expenses (Part IX)
$0
Management and general expenses
$9,043
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $30,035

  • 3 · Investment income

    total $15,461 · related or exempt $15,461

  • 7a · Gross sales of assets other than inventory

    securities $94,724

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

    securities $104,457

  • 7c · Gain or loss

    securities -$9,733

  • 7d · Net gain or loss

    total -$9,733 · excluded -$9,733

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,847 · management and general $5,847

  • 11c · Fees: accounting

    total $1,539 · management and general $1,539

  • 11g · Fees: other

    total $5 · management and general $5

  • 22 · Depreciation, depletion and amortization

    total $1,652 · management and general $1,652

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,438 · end of year $70,931

  • 11 · Investments: publicly traded securities

    beginning of year $607,526 · end of year $685,752

  • 12 · Investments: other securities

    beginning of year $3,443 · end of year $1,790

  • 27 · Net assets without donor restrictions

    beginning of year $653,407 · end of year $758,473

Mission and programs · 2023

Mission

THE CORPORATION WAS FORMED TO PROMOTE EDUCATION BY THE GRANT OF SCHOLARSHIPS TO PERSONS WHO ARE FULL-TIME UNDERGRADUATE STUDENTS IN GOOD STANDING AT THE UNIVERSITY OF NORTH CAROLINA CHAPEL HILL WITH PREFERENCE TO SUCH PERSON WHO ARE MEMBERS OF THE ALPHA DELTA CHAPTER OF THE ALPHA TAU OMEGA FRATERNITY, BASED UPON SUCH ELIGIBILITY CRITERIA AND SELECTION CRITERIA AS MAY BE APPROVED FROM TIME-TO-TIME BY THE CORPORATION'S BOARD OF DIRECTORS. THE PURPOSE OF THE SCHOLARSHIP AWARDS IS TO PROMOTE AND REWARD THE VALUES OF ACADEMIC ACHIEVEMENT AND SERVICE TO THE CHAPTER, THE UNIVERSITY, AND THE BROADER COMMUNITY, AND TO SERVE AS A BEACON TO ATTRACT TO THE FRATERNITY YOUNG MEN WHO SHARE THESE VALUES.

Activities or mission (Part I)

THE CORPORATION WAS FORMED TO PROMOTE EDUCATION BY THE GRANT OF AWARDS SCHOLARSHIPS TO PERSONS WHO ARE FULL-TIME UNDERGRADUATE STUDENTS IN GOOD STANDING AT THE UNIVERSITY OF NORTH CAROLINA CHAPEL HILL WITH PREFERENCE TO SUCH PERSON WHO ARE MEMBERS OF THE ALPHA DELTA CHAPTER OF THE ALPHA TAU OMEGA FRATERNITY, BASED UPON SUCH ELIGIBILITY CRITERIA AND SELECTION CRITERIA AS MAY BE APPROVED FROM TIME-TO-TIME BY THE CORPORATION'S BOARD OF DIRECTORS. THE PURPOSE OF THE SCHOLARSHIP AWARDS IS TO PROMOTE AND REWARD THE VALUES OF ACADEMIC ACHIEVEMENT AND SERVICE TO THE CHAPTER, THE UNIVERSITY, AND THE BROADER COMMUNITY, AND TO SERVE AS A BEACON TO ATTRACT TO THE FRATERNITY YOUNG MEN WHO SHARE THESE VALUES.

  • THE ORGANIZATION INTERVIEWED CANDIDATES FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO APPLICANTS THAT MEET THE CRITERIA STATED IN THE MISSION OF THE ORGANIZATION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John R Gardner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Justin Plummer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Edward T Shipley III

    TREASURER AND SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Edmund S Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • H Spencer Everett Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas S Kenan III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cecil W Sewell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202431359349304128

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