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Nonprofiteer
← ALPHA SIGMA TAU NATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by ALPHA SIGMA TAU NATIONAL FOUNDATION.

Totals

Total revenue
$475,063
Total expenses
$493,817
Contributions and grants received
$444,892
Grants paid
$128,023
Program service revenue
$0
Investment income
$30,171
Other revenue
$0
Total assets, end of year
$1,412,392
Total liabilities, end of year
$76,399
Net assets or fund balances, end of year
$1,335,993
Program services expenses (Part IX)
$136,032
Management and general expenses
$222,904
Fundraising expenses
$134,881
Program service expenses (Part III)
$136,032

Program services were 27.5% 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

    $444,892

  • 1g · Noncash contributions included above

    $19,774

  • 3 · Investment income

    total $50,044 · excluded $50,044

  • 7a · Gross sales of assets other than inventory

    securities $100,000

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

    securities $119,873

  • 7c · Gain or loss

    securities -$19,873

  • 7d · Net gain or loss

    total -$19,873 · excluded -$19,873

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,023 · program services $62,023

  • 2 · Grants to domestic individuals

    total $66,000 · program services $66,000

  • 11b · Fees: legal

    total $6,960 · management and general $6,960

  • 11c · Fees: accounting

    total $13,950 · management and general $13,950

  • 11f · Fees: investment management

    total $8,058 · management and general $8,058

  • 11g · Fees: other

    total $182,015 · program services $5,391 · management and general $139,303 · fundraising $37,321

  • 13 · Office expenses

    total $59,974 · program services $868 · management and general $19,246 · fundraising $39,860

  • 14 · Information technology

    total $40,930 · program services $1,750 · management and general $15,764 · fundraising $23,416

  • 17 · Travel

    total $13,110 · management and general $7,978 · fundraising $5,132

  • 19 · Conferences, conventions and meetings

    total $5,744 · management and general $3,495 · fundraising $2,249

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $19,774 · fundraising $19,774

  • 24b · Other expenses: AWARDS

    total $10,919 · management and general $4,271 · fundraising $6,648

  • 24c · Other expenses: LICENSES AND FEES

    total $3,570 · management and general $3,570

  • 24d · Other expenses: OTHER EXPENSES

    total $790 · management and general $309 · fundraising $481

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $37

  • 2 · Savings and temporary cash investments

    beginning of year $36,354 · end of year $48,016

  • 3 · Pledges and grants receivable

    beginning of year $10,405 · end of year $9,401

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,533 · end of year $28,100

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

    $52,300

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

    $52,300

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,239,993 · end of year $1,326,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,270 · end of year $76,399

  • 27 · Net assets without donor restrictions

    beginning of year $151,142 · end of year $261,355

  • 28 · Net assets with donor restrictions

    beginning of year $1,038,873 · end of year $1,074,638

Mission and programs · 2023

Mission

THE ALPHA SIGMA TAU FOUNDATION FUNDS INITIATIVES THAT IMPACT THE LIVES OF ALPHA SIGMA TAU MEMBERS. FUNDED SOLELY BY DONOR SUPPORT, THE FOUNDATION OFFERS EDUCATIONAL PROGRAM GRANTS TO THE ALPHA SIGMA TAU SORORITY AND EDUCATIONAL SCHOLARSHIPS TO ALPHA SIGMA TAU MEMBERS.

  • IN 2023-24 THE FOUNDATION AWARDED 47 SCHOLARSHIPS TOTALING $66,000 TO COLLEGIATE AND ALUMNAE SISTERS PURSUING UNDERGRADUATE OR GRADUATE LEVEL DEGREES. THE SCHOLARSHPS SUPPORT MEMBERS STRUGGLING WITH RISING COSTS OF HIGHER EDUCATION AND HELP WOMEN ACHIEVE THEIR ACADEMIC GOALS TO BECOME THE LEADERS OF TOMORROW.

    Expenses $66,000 · Grants $66,000

  • SEE SCHEDULE O

    Expenses $70,032 · Grants $62,023

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

Listed in Part VII

  • ERIKA MCMANUS BUKVA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • KATE SWEENEY BORKENHAGEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • KATHERINE PULLEY ONYSHKO

    MEMBER BEG 7/23

    Total calculated
    $0
    Hours/week
    3

  • ELIZABETH PLUME

    VICE PRESIDENT END 1/24

    Total calculated
    $0
    Hours/week
    0

  • LIZZIE HENNINGFELD

    MEMBER END 6/23

    Total calculated
    $0
    Hours/week
    0

  • NADIYA CONNER

    MEMBER END 1/24

    Total calculated
    $0
    Hours/week
    0

  • JIM PAPONETTI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    3

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.

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)

FORM 990, PART VII, LINE 5
THE CEO IS COMPENSATED BY ALPHA SIGMA TAU SORORITY, AN AFFILIATED, BUT UNRELATED, ORGANIZATION. THE AMOUNT OF COMPENSATION RECEIVED FOR SERVICES RENDERED TO ALPHA SIGMA TAU FOUNDATION IS $16,669.

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

Provenance

Return type
form_990
Tax year
2023
Filed
28 September 2024
IRS schema version
2023v5.1
Source object
202402779349300975

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