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Nonprofiteer
← ALPHA EPSILON PI FOUNDATION INC

Form 990 for tax year 2024

Filed by ALPHA EPSILON PI FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 April 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$2,475,936 changed to $2,475,935
Management and general expenses
$530,736 changed to $324,952
Fundraising expenses
$244,703 changed to $450,488
Program service expenses (Part III)
$2,475,936 changed to $2,475,935

Totals

Total revenue
$3,410,047
Total expenses
$3,251,375
Contributions and grants received
$2,659,376
Grants paid
$1,961,740
Program service revenue
$159,827
Investment income
$579,263
Other revenue
$11,581
Total assets, end of year
$6,110,532
Total liabilities, end of year
$134,191
Net assets or fund balances, end of year
$5,976,341
Program services expenses (Part IX)
$2,475,935
Management and general expenses
$324,952
Fundraising expenses
$450,488
Program service expenses (Part III)
$2,475,935

Program services were 76.2% 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

    $2,659,376

  • 1g · Noncash contributions included above

    $82,949

  • 2a · Program service revenue: ALUMNI PROGRAM REVENUE

    total $149,827 · related or exempt $149,827

  • 2b · Program service revenue: FRATERNITY REIMBURSEMENT

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $138,889 · excluded $138,889

  • 6a · Gross rents

    real property $11,581

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $11,581

  • 6d · Net rental income or loss

    total $11,581 · excluded $11,581

  • 7a · Gross sales of assets other than inventory

    securities $3,040,614 · other assets $792,593

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

    securities $2,858,509 · other assets $534,324

  • 7c · Gain or loss

    securities $182,105 · other assets $258,269

  • 7d · Net gain or loss

    total $440,374 · excluded $440,374

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,604,421 · program services $1,604,421

  • 2 · Grants to domestic individuals

    total $101,319 · program services $101,319

  • 3 · Grants to foreign organizations and individuals

    total $256,000 · program services $256,000

  • 5 · Compensation of officers, directors and key employees

    total $273,623 · program services $112,280 · management and general $42,416 · fundraising $118,927

  • 7 · Other salaries and wages

    total $284,099 · program services $116,579 · management and general $44,040 · fundraising $123,480

  • 8 · Pension plan contributions

    total $7,372 · program services $3,025 · management and general $1,143 · fundraising $3,204

  • 9 · Other employee benefits

    total $43,407 · program services $17,812 · management and general $6,729 · fundraising $18,866

  • 10 · Payroll taxes

    total $43,075 · program services $17,676 · management and general $6,677 · fundraising $18,722

  • 11b · Fees: legal

    total $2,632 · management and general $2,632

  • 11c · Fees: accounting

    total $27,850 · management and general $27,850

  • 11f · Fees: investment management

    total $21,593 · management and general $21,593

  • 11g · Fees: other

    total $11,165 · management and general $11,165

  • 12 · Advertising and promotion

    total $2,953 · program services $2,508 · management and general $24 · fundraising $421

  • 13 · Office expenses

    total $114,772 · program services $3,160 · management and general $4,336 · fundraising $107,276

  • 14 · Information technology

    total $16,429 · program services $4,945 · management and general $4,977 · fundraising $6,507

  • 16 · Occupancy

    total $42,265 · program services $15,244 · management and general $18,057 · fundraising $8,964

  • 17 · Travel

    total $89,068 · program services $49,112 · management and general $45 · fundraising $39,911

  • 19 · Conferences, conventions and meetings

    total $15,248 · program services $15,196 · fundraising $52

  • 21 · Payments to affiliates

    total $114,000 · management and general $114,000

  • 22 · Depreciation, depletion and amortization

    total $6,911 · management and general $6,911

  • 24a · Other expenses: EVENTS AND PROGRAMMING

    total $156,774 · program services $156,534 · fundraising $240

  • 24b · Other expenses: BANK FEES & OTHER MISCE

    total $12,297 · management and general $12,297

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,918 · fundraising $3,918

  • 24d · Other expenses: DUES & SUB.

    total $124 · program services $124

  • 24e · All other expenses

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,679,219 · end of year $511,780

  • 2 · Savings and temporary cash investments

    end of year $140,200

  • 3 · Pledges and grants receivable

    end of year $610,745

  • 4 · Accounts receivable

    beginning of year $458,725

  • 9 · Prepaid expenses and deferred charges

    beginning of year $392 · end of year $1,750

  • 10a · Land, buildings and equipment: cost or other basis

    $19,027

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,856

  • 10c · Land, buildings and equipment, net

    beginning of year $530,584 · end of year $3,171

  • 11 · Investments: publicly traded securities

    end of year $4,814,640

  • 12 · Investments: other securities

    beginning of year $2,854,911

  • 15 · Other assets

    beginning of year $364,114 · end of year $28,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,752 · end of year $105,944

  • 25 · Other liabilities

    beginning of year $42,932 · end of year $28,247

  • 27 · Net assets without donor restrictions

    beginning of year $3,531,748 · end of year -$120,943

  • 28 · Net assets with donor restrictions

    beginning of year $2,182,513 · end of year $6,097,284

Mission and programs · 2024

Mission

TO PROMOTE THE IDEALS AND VALUES OF THE ALPHA EPSILON PI FRATERNITY THROUGH LEADERSHIP DEVELOPMENT, TO PARTNER WITH EDUCATIONAL AND JEWISH COMMUNAL ORGANIZATIONS, TO PROVIDE SCHOLARSHIPS, FINANCIAL SUPPORT AND PROGRAMMING FOR THE BETTERMENT OF OUR BROTHERS AND OUR COMMUNITY.

  • EDUCATIONAL GRANTS TO INSTITUTIONS FOR EDUCATIONAL PURPOSES AND TO INDIVIDUALS TO ASSIST IN PAYING FOR THEIR TUITION AND BOOKS.

    Expenses $1,961,740 · Grants $1,961,740

  • EDUCATIONAL COSTS TO ASSIST UNDERGRADUATE CHAPTERS IN ADDRESSING PROBLEMS OF ALCOHOL AND DRUG ABUSE AND OTHER EDUCATIONAL ACTIVITIES.

    Expenses $514,195 · Revenue $159,827

As filed on the 2024 return.

Listed in Part VII

  • DANIEL HAYS CHAIRMAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • FREDERIC FOX VICE CHAIRMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARK KARNO TREASURER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAY FELDMAN

    SECRETARY

    Total calculated
    $214,964
    From this org
    $202,313
    From related orgs
    $0
    Other
    $12,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,313
    Bonus
    $0
    Other
    $0
    Deferred
    $6,069
    Nontaxable benefits
    $6,582
    Filer's total
    $214,964

  • MICHAEL ANTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN BANNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IAN BERKOWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT BISHOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH BORENSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARRY BURAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREGG DARISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC FARBMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARI FLECHNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD FRANKOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN ISENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN KASOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NEIL KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL LEVEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARRY LEVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOWARD LORBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MITCH MARKEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN MERMELSHTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL RUSITZKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARI RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARRY SALZMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • A EDWARD SCHERER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK SCHIFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY SCHILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN SLASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD STEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD STETZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROGER TERRONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB TESSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HY VAUPEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTY WEINBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NEIL WEISS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARON WEITMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAYNA GOODMAN

    ACCOUNTING DIRECTOR

    Total calculated
    $56,223
    From this org
    $50,851
    From related orgs
    $0
    Other
    $5,372
    Hours/week
    40

  • ROB DERDIGER

    CEO

    Total calculated
    $272,442
    From this org
    $0
    From related orgs
    $256,962
    Other
    $15,480
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,962 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $7,714 related
    Nontaxable benefits
    $0 + $7,766 related
    Filer's total
    $0 + $272,442 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 June 2026
IRS schema version
2024v5.5
Source object
202601889349300610

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