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Nonprofiteer
← ALPHA TAU OMEGA FOUNDATION

Form 990 for tax year 2022

Filed by ALPHA TAU OMEGA FOUNDATION.

Totals

Total revenue
$3,166,463
Total expenses
$1,942,199
Contributions and grants received
$2,045,136
Grants paid
$964,665
Program service revenue
$0
Investment income
$1,152,387
Other revenue
-$31,060
Total assets, end of year
$19,392,599
Total liabilities, end of year
$202,821
Net assets or fund balances, end of year
$19,189,778
Program services expenses (Part IX)
$1,357,742
Management and general expenses
$114,542
Fundraising expenses
$469,915
Program service expenses (Part III)
$1,357,742

Program services were 69.9% 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

    $2,045,136

  • 3 · Investment income

    total $864,850 · excluded $864,850

  • 7a · Gross sales of assets other than inventory

    securities $288,723

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

    securities $0 · other assets $1,186

  • 7c · Gain or loss

    securities $288,723 · other assets -$1,186

  • 7d · Net gain or loss

    total $287,537 · related or exempt $287,537

  • 11a · Other revenue: MISC INCOME

    total $2,141 · related or exempt $2,141

  • 11b · Other revenue: CHARITABLE REMAINDER D

    total -$33,201 · related or exempt -$33,201

  • 11e · Other revenue, total

    -$31,060

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $706,228 · program services $706,228

  • 2 · Grants to domestic individuals

    total $258,437 · program services $258,437

  • 5 · Compensation of officers, directors and key employees

    total $232,262 · program services $150,970 · management and general $16,258 · fundraising $65,034

  • 9 · Other employee benefits

    total $26,169 · program services $17,010 · management and general $1,832 · fundraising $7,327

  • 10 · Payroll taxes

    total $17,651 · program services $11,473 · management and general $1,236 · fundraising $4,942

  • 11b · Fees: legal

    total $13,470 · program services $1,347 · management and general $10,776 · fundraising $1,347

  • 11c · Fees: accounting

    total $58,743 · management and general $58,743

  • 11e · Fees: professional fundraising services

    total $30,000 · fundraising $30,000

  • 11f · Fees: investment management

    total $53,004 · program services $53,004

  • 11g · Fees: other

    total $16,170 · program services $10,834 · management and general $1,132 · fundraising $4,204

  • 13 · Office expenses

    total $93,627 · program services $48,690 · management and general $13,986 · fundraising $30,951

  • 14 · Information technology

    total $4,500 · program services $2,925 · management and general $315 · fundraising $1,260

  • 16 · Occupancy

    total $29,012 · program services $18,858 · management and general $2,031 · fundraising $8,123

  • 17 · Travel

    total $41,395 · program services $26,907 · management and general $2,898 · fundraising $11,590

  • 19 · Conferences, conventions and meetings

    total $39,784 · program services $25,859 · management and general $2,785 · fundraising $11,140

  • 22 · Depreciation, depletion and amortization

    total $4,960 · program services $3,819 · management and general $248 · fundraising $893

  • 23 · Insurance

    total $8,572 · program services $5,572 · management and general $600 · fundraising $2,400

  • 24a · Other expenses: LIFE INSURANCE PREMIUM

    total $283,894 · fundraising $283,894

  • 24b · Other expenses: MISC EXPENSE

    total $24,321 · program services $15,809 · management and general $1,702 · fundraising $6,810

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $982,838 · end of year $1,656,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,350 · end of year $9,904

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

    $49,947

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

    $30,603

  • 10c · Land, buildings and equipment, net

    beginning of year $24,787 · end of year $19,344

  • 11 · Investments: publicly traded securities

    beginning of year $20,191,790 · end of year $16,780,748

  • 15 · Other assets

    beginning of year $1,108,649 · end of year $925,941

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,641 · end of year $22,660

  • 25 · Other liabilities

    beginning of year $155,718 · end of year $180,161

  • 27 · Net assets without donor restrictions

    beginning of year $1,658,178 · end of year $1,627,042

  • 28 · Net assets with donor restrictions

    beginning of year $20,484,877 · end of year $17,562,736

Mission and programs · 2022

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 $1,357,742 · Grants $964,665

As filed on the 2022 return.

Listed in Part VII

  • GERALD S PAPAZIAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DAVID L BOMBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT CLARK

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • GREGORY H HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ALLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN C AYMOND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J PHILIP BENDER JR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JAMES I BLACK III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM FOWLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY FLANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD W HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY J MILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL M MCLARTY JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM L MUIR III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE CRAIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES M PAULK JR

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN E ROBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY D SEMLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM B STROUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAY ABERNATHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY G BUSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRANCE J LILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED MAGLIONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MILES L MCCALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WYNN R SMILEY

    PRESIDENT/CEO

    Total calculated
    $349,100
    From this org
    $0
    From related orgs
    $349,100
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $349,100 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $349,100 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

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
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202332449349300933

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