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← FOUNDATION FOR FRATERNAL EXCELLENCE INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR FRATERNAL EXCELLENCE INC.

What the amendment changed

Compared with the return it replaced , filed 15 July 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$818,353
Total expenses
$1,546,458
Contributions and grants received
$286,988
Grants paid
$552,015
Program service revenue
$387,118
Investment income
$143,817
Other revenue
$430
Total assets, end of year
$3,644,142
Total liabilities, end of year
$473,909
Net assets or fund balances, end of year
$3,170,233
Program services expenses (Part IX)
$1,464,561
Management and general expenses
$72,155
Fundraising expenses
$9,742
Program service expenses (Part III)
$1,464,561

Program services were 94.7% 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

    $103,000

  • 1f · All other contributions, gifts and grants

    $183,988

  • 2a · Program service revenue: MEETING AND CONFERENCE

    total $387,118 · related or exempt $387,118

  • 3 · Investment income

    total $143,817 · excluded $143,817

  • 11a · Other revenue: OTHER INCOME

    total $430 · excluded $430

  • 11e · Other revenue, total

    $430

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $518,015 · program services $518,015

  • 2 · Grants to domestic individuals

    total $34,000 · program services $34,000

  • 5 · Compensation of officers, directors and key employees

    total $223,303 · program services $211,484 · management and general $8,633 · fundraising $3,186

  • 7 · Other salaries and wages

    total $67,556 · program services $63,980 · management and general $2,612 · fundraising $964

  • 8 · Pension plan contributions

    total $7,275 · program services $6,890 · management and general $281 · fundraising $104

  • 9 · Other employee benefits

    total $18,730 · program services $17,739 · management and general $724 · fundraising $267

  • 10 · Payroll taxes

    total $26,445 · program services $25,046 · management and general $1,022 · fundraising $377

  • 11c · Fees: accounting

    total $18,600 · program services $1,383 · management and general $17,217

  • 11g · Fees: other

    total $314,023 · program services $311,922 · management and general $2,101

  • 13 · Office expenses

    total $31,288 · program services $28,499 · management and general $1,760 · fundraising $1,029

  • 14 · Information technology

    total $34,039 · program services $30,966 · management and general $2,274 · fundraising $799

  • 17 · Travel

    total $18,459 · program services $18,136 · management and general $53 · fundraising $270

  • 19 · Conferences, conventions and meetings

    total $198,467 · program services $195,366 · management and general $380 · fundraising $2,721

  • 20 · Interest

    total $985 · management and general $985

  • 24a · Other expenses: BAD DEBT

    total $32,186 · management and general $32,186

  • 24b · Other expenses: OTHER EXPENSES

    total $2,138 · program services $275 · management and general $1,863

  • 24c · Other expenses: DUES & SUB.

    total $949 · program services $860 · management and general $64 · fundraising $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $852,577 · end of year $198,209

  • 2 · Savings and temporary cash investments

    beginning of year $448,981 · end of year $510,575

  • 3 · Pledges and grants receivable

    beginning of year $1,123,522 · end of year $523,432

  • 4 · Accounts receivable

    beginning of year $112,904 · end of year $15,752

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,584 · end of year $70,235

  • 11 · Investments: publicly traded securities

    beginning of year $1,681,738 · end of year $2,325,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,378 · end of year $71,453

  • 19 · Deferred revenue

    beginning of year $43,003 · end of year $41,145

  • 23 · Secured mortgages and notes payable

    beginning of year $154,584 · end of year $149,159

  • 25 · Other liabilities

    beginning of year $244,834 · end of year $212,152

  • 27 · Net assets without donor restrictions

    beginning of year $1,430,967 · end of year $1,569,508

  • 28 · Net assets with donor restrictions

    beginning of year $2,379,540 · end of year $1,600,725

Mission and programs · 2024

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 COOPERATIVE SERVICES AND COORDINATING AND SHARING RESOURCES TO INFORM DATA-DRIVEN DECISION-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 $1,013,233 · Grants $518,015

  • SCHOLARSHIPS TO SUPPORT 62 HIGH SCHOOL GRADUATES IN THE MEN'S COLLEGE SCHOLARSHIP PROGRAM TO INSPIRE COLLEGE ATTENDANCE AND ACADEMIC SUCCESS BY YOUNG MEN.

    Expenses $34,000 · Grants $34,000

  • THREE DIFFERENT EVENTS BY OVER 563 PARTICIPANTS. CONTINUING EDUCATION WEBINAR SERIES AND VIRTUAL COFFEE CHATS WITH PEER-LEARNING AND NETWORKING WITH OVER 167 PARTICIPANTS ANNUALLY. A COMPENDIUM OF EDUCATIONAL RESOURCES ELECTRONICALLY AVAILABLE TO MEMBERS TO MEET THE NEEDS OF THE CONTINUALLY EVOLVING INDUSTRY.

    Expenses $417,328 · Revenue $387,118

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marsha Grady

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Ryan King

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Phil Fernandez

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Tracy Garner

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • John Christopher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jason Hoyt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Justin Kirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Fred Maglione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Leslie Martin

    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

  • Kristin Tofanelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Beth Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Judson Horras

    CEO

    Total calculated
    $347,033
    From this org
    $62,699
    From related orgs
    $260,274
    Other
    $24,060
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $52,993 + $219,981 related
    Bonus
    $9,706 + $40,293 related
    Other
    $0
    Deferred
    $3,006 + $12,478 related
    Nontaxable benefits
    $1,665 + $6,911 related
    Filer's total
    $67,370 + $279,663 related

  • Michael Wilson

    CFO

    Total calculated
    $206,387
    From this org
    $18,363
    From related orgs
    $164,057
    Other
    $23,967
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $13,352 + $119,290 related
    Bonus
    $5,011 + $44,767 related
    Other
    $0
    Deferred
    $586 + $5,240 related
    Nontaxable benefits
    $1,826 + $16,315 related
    Filer's total
    $20,775 + $185,612 related

  • Ashley Vandewark

    EXECUTIVE DIRECTOR END 5/25

    Total calculated
    $149,471
    From this org
    $120,229
    From related orgs
    $4,848
    Other
    $24,394
    Hours/week
    35 + 5 related

  • Will Foran

    EXECUTIVE DIRECTOR BEG 5/25

    Total calculated
    $164,682
    From this org
    $20,087
    From related orgs
    $120,407
    Other
    $24,188
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $15,533 + $93,108 related
    Bonus
    $4,554 + $27,299 related
    Other
    $0
    Deferred
    $1,004 + $6,020 related
    Nontaxable benefits
    $2,454 + $14,710 related
    Filer's total
    $23,545 + $141,137 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:
THE CEO AND CFO ARE COMPENSATED THROUGH A RELATED ORGANIZATION. THAT ORGANIZATION UTILIZES APPROVAL BY A COMPENSATION COMMITTEE IN DETERMING 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
2024
Filed
26 August 2026
IRS schema version
2024v5.5
Source object
202642399349301774

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