Overview
What is Alpha Tau Omega Foundation Inc?
Alpha Tau Omega Foundation Inc, located in Indianapolis, Indiana, serves as a nonprofit organization dedicated to promoting academic, character, values, and leadership development. They accomplish this mission through various grants, scholarships, and educational programs, primarily benefiting members of Alpha Tau Omega Fraternity. Their activities aim to foster growth and learning, ultimately impacting the collegiate community associated with the fraternity. With a modest workforce of five individuals, Alpha Tau Omega Foundation Inc plays a vital role in supporting and shaping future leaders.
Official website here: www.ato.org/atofoundation
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
The Alpha Tau Omega Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in multiple areas, including a fully independent board and excellent financial oversight, the organization demonstrates a robust commitment to transparency and responsible management of resources.
The foundation’s program expense ratio is impressive at 77.61%, indicating that a significant portion of its funds is directed towards its programs rather than administrative expenses. Furthermore, the organization maintains a low liabilities to assets ratio of 1.04%, showcasing financial stability and effective resource allocation. Fundraising efficiency is also noteworthy, with only $0.15 spent to raise each dollar, highlighting effective fundraising strategies.
While the ratings indicate solid overall performance and strong governance, the overview does not provide specific details on program outcomes or the impact of its initiatives. Potential donors may wish to explore how the foundation measures its success in fulfilling its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Tau Omega Foundation Inc legitimate?
Alpha Tau Omega Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Tau Omega Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $232,262
Professional Fundraising Fees: $30,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ato.org/atofoundation
What is the mission statement of Alpha Tau Omega Foundation Inc?
Alpha Tau Omega Foundation Inc's mission is centered around promoting academic, character, values, and leadership development. They achieve this goal through the provision of grants, scholarships, and educational programs. The foundation's activities primarily impact collegiate members of the Alpha Tau Omega fraternity, aiming to support their leadership development and various educational initiatives. The scholarships offered by the foundation also contribute to promoting higher education among individuals.
Official website here: www.ato.org/atofoundation
Who is the CEO of Alpha Tau Omega Foundation Inc?
Wynn Smiley is the Chairman of Alpha Tau Omega Foundation Inc. The CEO's salary of Alpha Tau Omega Foundation Inc is $0 and their total compensation is $349,100.
Official website here: www.ato.org/atofoundation
What is the revenue of Alpha Tau Omega Foundation Inc?
Alpha Tau Omega Foundation Inc's revenue in 2022 was $3,166,463.
Official website here: www.ato.org/atofoundation
Who are the executives of Alpha Tau Omega Foundation Inc and what are their salaries?
The average compensation at Alpha Tau Omega Foundation Inc during 2022 was $46,452. There are 5 employees at Alpha Tau Omega Foundation Inc.
Here are 25 key members and their salaries (Alpha Tau Omega Foundation Inc's CEO's salary is $0 and their total compensation is $349,100):
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Official website here: www.ato.org/atofoundation
Where can I find the form 990 for Alpha Tau Omega Foundation Inc?
Alpha Tau Omega Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ato.org/atofoundation
Learn more at the official website: www.ato.org/atofoundation
Mission Statement of Alpha Tau Omega Foundation Inc
Alpha Tau Omega Foundation Inc is dedicated to promoting academic, character, values, and leadership development among its members and beyond. This is achieved through the provision of grants, scholarships, and educational programs. The foundation's mission is to invest in the growth and development of individuals, particularly those associated with Alpha Tau Omega Fraternity. By offering educational grants and scholarships, Alpha Tau Omega Foundation Inc encourages higher education and fosters a culture of leadership. These initiatives have a significant impact on the collegiate members of Alpha Tau Omega Fraternity, empowering them to reach their full potential.
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Impact
October, 2024
Alpha Tau Omega Foundation Inc significantly impacts academic, character, values, and leadership development among collegiate members of the Alpha Tau Omega fraternity. Through targeted grants and scholarships, it provides essential financial support for higher education and facilitates educational programs that nurture leadership skills. By offering these resources, the Foundation plays a crucial role in shaping the personal and professional growth of its members, promoting a culture of excellence and ethical leadership. This investment in education not only benefits individual students but also strengthens the fraternity's community by cultivating leaders who are well-equipped to contribute positively to society.
This information is meant to be a general summary of Alpha Tau Omega Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,152,387
- Gross Receipts: $3,167,649
Assets and Liabilities:
- Total Assets: $19,392,599
- Total Liabilities: $202,821
- Net Assets: $19,189,778
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Organization Details
Founding Year
1935
Phone
(317) 472-0935Principal Officer
Wynn Smiley
Main Address
333 N ALABAMA STREET 220, INDIANAPOLIS, IN, 462042151
Website
www.ato.org/atofoundationNTEE Category
Code: B83 - Education
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