Also Known As: AFF
8777 Purdue Rd Ste 225www.acacia.org/newcenturycampaign
The purpose for which the Foundation is formed is to develop, promote, foster and engage in educational and other similar activities for the benefit of the Acacia Fraternity.
The Foundation provides educational grants to Acacia Fraternity, Inc. to provide educational materials and leadership training services to its 1700+ student members on 36 college and university campuses across the U.S. and Canada. This includes providing Leadership Consultant visits to chapters, staff to help with initiation and new officer training; brochures and other professionally produced materials promoting Acacia; helping to fund regular publication of the TRIAD. The Foundation has also established an endowment account for each Acacia chapter and colony. These funds can be used for chapter scholarships and scholarship programs; leadership and other chapter achievement awards; funding for local educational seminars, faculty speakers and community service projects; chapter library materials, including furniture and computers; expenses for attending Acacia's Leadership Academy and leadership schools.
The Acacia Fraternity Foundation exists to provide scholarships to student Acacians and support the worthy educational and leadership activities of Acacia Fraternity.
| Revenue | |
|---|---|
| Contributions | $622,462 |
| Government Grants | $0 |
| Program Services | $0 |
| Investments | $93,615 |
| Special Events | $0 |
| Sales | $0 |
| Other | $0 |
| Total Revenue | $716,077 |
| Expenses | |
| Program Services | $360,226 |
| Administration | $44,079 |
| Other | $204,966 |
| Total Expenditures | $609,271 |
| Net Gain/Loss | $106,806 |
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| July 1, 2007 | June 30, 2008 | Change | |
|---|---|---|---|
| Assets | |||
| Cash & Equivalent | $549,580 | $825,569 | $275,989 |
| Accounts Receivable | $0 | $0 | $0 |
| Pledges & Grants Receivable | $0 | $0 | $0 |
| Receivables/Other | $0 | $0 | $0 |
| Inventories for Sale or Use | $0 | $0 | $0 |
| Investments/Securities | $1,982,528 | $1,567,960 | ($414,568) |
| Investments/Other | $0 | $0 | $0 |
| Fixed Assets | $0 | $0 | $0 |
| Other | $4,680 | $4,680 | $0 |
| Total Assets | $2,536,788 | $2,398,209 | ($138,579) |
| Liabilities | |||
| Accounts Payable | $0 | $0 | $0 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $0 | $0 | $0 |
| Loans and Notes | $0 | $0 | $0 |
| Tax-Exempt Bond Liabilities | $0 | $0 | $0 |
| Other | $0 | $0 | $0 |
| Total Liabilities | $0 | $0 | $0 |
| Fund Balance | $2,536,788 | $2,398,209 | ($138,579) |
35-1778332
Mr. Darold Larson
Mr. Kenneth Ayers, Director of Development
(888) 345-1904
(317) 872-8213
June 30, 2008
$2,398,209 (from Jun 30, 2008 Form 990)
$716,077 (from Jun 30, 2008 Form 990)
1989
1989
17
1-5
0
0
This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects and endowments.
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