Totals
- Total revenue
- $4,128,148
- Total expenses
- $2,380,109
- Contributions and grants received
- $3,164,606
- Grants paid
- $1,772,099
- Program service revenue
- $0
- Investment income
- $918,919
- Other revenue
- $44,623
- Total assets, end of year
- $23,108,062
- Total liabilities, end of year
- $379,945
- Net assets or fund balances, end of year
- $22,728,117
- Program services expenses (Part IX)
- $2,069,000
- Management and general expenses
- $107,248
- Fundraising expenses
- $203,861
- Program service expenses (Part III)
- $2,069,000
Program services were 86.9% 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
$3,164,606
-
3 · Investment income
total $864,355 · excluded $864,355
-
7a · Gross sales of assets other than inventory
securities $54,564
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $54,564
-
7d · Net gain or loss
total $54,564 · related or exempt $54,564
-
11a · Other revenue: CHARITABLE REMAINDER D
total $27,834 · related or exempt $27,834
-
11b · Other revenue: MISC INCOME
total $16,789 · related or exempt $16,789
-
11e · Other revenue, total
$44,623
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,551,058 · program services $1,551,058
-
2 · Grants to domestic individuals
total $221,041 · program services $221,041
-
5 · Compensation of officers, directors and key employees
total $89,272 · program services $56,402 · management and general $6,074 · fundraising $26,796
-
9 · Other employee benefits
total $10,085 · program services $6,555 · management and general $706 · fundraising $2,824
-
10 · Payroll taxes
total $6,638 · program services $4,315 · management and general $465 · fundraising $1,858
-
11b · Fees: legal
total $13,117 · program services $1,312 · management and general $10,493 · fundraising $1,312
-
11c · Fees: accounting
total $63,183 · management and general $63,183
-
11e · Fees: professional fundraising services
total $27,500 · fundraising $27,500
-
11f · Fees: investment management
total $57,370 · program services $57,370
-
11g · Fees: other
total $22,288 · program services $14,933 · management and general $1,560 · fundraising $5,795
-
13 · Office expenses
total $127,361 · program services $71,563 · management and general $15,787 · fundraising $40,011
-
14 · Information technology
total $4,150 · program services $2,698 · management and general $291 · fundraising $1,161
-
16 · Occupancy
total $31,368 · program services $20,389 · management and general $2,196 · fundraising $8,783
-
17 · Travel
total $29,655 · program services $19,276 · management and general $2,076 · fundraising $8,303
-
19 · Conferences, conventions and meetings
total $49,847 · program services $32,400 · management and general $3,489 · fundraising $13,958
-
22 · Depreciation, depletion and amortization
total $3,520 · program services $2,710 · management and general $176 · fundraising $634
-
23 · Insurance
total $8,757 · program services $5,692 · management and general $613 · fundraising $2,452
-
24a · Other expenses: LIFE INSURANCE PREMIUM
total $61,920 · fundraising $61,920
-
24b · Other expenses: MISC EXPENSE
total $1,979 · program services $1,286 · management and general $139 · fundraising $554
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,656,662 · end of year $540,648
-
9 · Prepaid expenses and deferred charges
beginning of year $9,904 · end of year $9,350
-
10a · Land, buildings and equipment: cost or other basis
$49,947
-
10b · Land, buildings and equipment: accumulated depreciation
$34,123
-
10c · Land, buildings and equipment, net
beginning of year $19,344 · end of year $15,824
-
11 · Investments: publicly traded securities
beginning of year $16,780,748 · end of year $21,562,663
-
15 · Other assets
beginning of year $925,941 · end of year $979,577
-
17 · Accounts payable and accrued expenses
beginning of year $22,660 · end of year $25,416
-
25 · Other liabilities
beginning of year $180,161 · end of year $354,529
-
27 · Net assets without donor restrictions
beginning of year $1,627,042 · end of year $3,327,348
-
28 · Net assets with donor restrictions
beginning of year $17,562,736 · end of year $19,400,769
Mission and programs · 2023
Mission
TO PROMOTE ACADEMIC, CHARACTER, VALUES AND LEADERSHIP DEVELOPMENT THROUGH GRANTS, SCHOLARSHIPS, AND EDUCATIONAL PROGRAMS.
-
EDUCATIONAL GRANTS TO ALPHA TAU OMEGA FRATERNITY AND OTHERS TO SUPPORT LEADERSHIP DEVELOPMENT AND OTHER EDUCATIONAL PROGRAMS. SCHOLARSHIPS TO INDIVIDUALS TO PROMOTE HIGHER EDUCATION. THESE PROGRAMS IMPACT COLLEGIATE MEMBERS OF ALPHA TAU OMEGA FRATERNITY.
Expenses $2,069,000 · Grants $1,772,099
As filed on the 2023 return.
Listed in Part VII
-
Gerald S PapazianGERALD S PAPAZIAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
David L BombergerDAVID L BOMBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert Clark MDROBERT CLARK MD
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Gregory H HallGREGORY H HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert AlleyROBERT ALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John C AymondJOHN C AYMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
J Philip Bender JrJ PHILIP BENDER JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
James I Black IIIJAMES I BLACK III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William W FowlerWILLIAM W FOWLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary A FlanderGARY A FLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard W HallRICHARD W HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey J MilesJEFFREY J MILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William L Muir IIIWILLIAM L MUIR III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve CraigSTEVE CRAIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles M Paulk JrCHARLES M PAULK JR
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
John E RobertsonJOHN E ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ray AbernathyRAY ABERNATHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey G BuschJEFFREY G BUSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terrance J LillisTERRANCE J LILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred MaglioneFRED MAGLIONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miles L McCallMILES L MCCALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wynn R SmileyWYNN R SMILEY
PRESIDENT/CEO
- Total calculated
- $333,388
- From this org
- $0
- From related orgs
- $333,388
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $333,388 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $333,388 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
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
-
EPSILON OMICRON HOLDING CORPORATION
$515,432
HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE
-
$385,428
NATIONAL PROGRAMS - ENCOUNTER/ CONGRESS/ PRESIDENTS RETREAT/ ARCHIVAL SERVICES/ELEVATE/TALKSPACE/DESTINYWORKS
-
HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE
-
$210,000
HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE
-
$90,000
HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE
-
$51,565
HOUSING GRANT REQUEST BASED ON EDUCATIONAL PERCENTAGE
-
$13,633
FRATERNITY ARCHIVAL SERVICES
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.
-
501(C)(7) · PROMOTE SOCIAL EDUCATION AND DEVELOPMENT · IN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432609349300738
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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