Overview
What is Acacia Fraternity Foundation Inc?
Acacia Fraternity Foundation Inc, located at 12721 Meeting House Road, Carmel, Indiana 46032, is a nonprofit organization dedicated to supporting the educational endeavors of Acacia Fraternity, Inc. and its local chapters. The foundation raises funds to fosters their qualified educational activities and to award scholarships to students pursuing higher education at colleges and universities. It is headed by a single individual, as indicated by the total employee count of 1. The foundation's primary mission is to empower Acacia Fraternity and its chapters, as well as aspiring students, through financial aid and educational assistance.
Official website here: www.acacia.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% - Three-Star out of Four Star rating.
The Acacia Fraternity Foundation Inc has achieved a solid Three-Star rating, indicating a respectable level of accountability and financial health. The foundation received a perfect score for its independent board members and demonstrated strong practices in governance, including a comprehensive conflict of interest policy and documentation of board meeting minutes. With a liabilities to assets ratio of 0.00%, it suggests that the organization is financially stable.
The foundation's program expense ratio stands at 68.78%, which indicates that a majority of its expenditures are directed towards its programs rather than administrative costs. This demonstrates a commitment to effectively utilizing resources for its mission. However, while the rating is positive, there is always room for improvement, particularly in maximizing program expenses to further enhance the impact of its initiatives.
Overall, Acacia Fraternity Foundation appears to be well-managed, with strong governance structures in place. Its financial practices and transparency contribute positively to its reputation, while continued efforts to increase program expenses could bolster its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Acacia Fraternity Foundation Inc legitimate?
Acacia Fraternity Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acacia Fraternity 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,780
For more financial information, click here
Official website here: www.acacia.org/foundation
What is the mission statement of Acacia Fraternity Foundation Inc?
The Acacia Fraternity Foundation's mission is centered around two primary objectives. Firstly, it aims to raise funds to support the educational endeavors of Acacia Fraternity, Inc., as well as its local chapters. Secondly, the foundation is dedicated to providing scholarships to students pursuing their education at colleges and universities. By fulfilling these objectives, the Acacia Fraternity Foundation contributes to the academic growth and success of its associated fraternity and the future generation of scholars.
Official website here: www.acacia.org/foundation
Who is the CEO of Acacia Fraternity Foundation Inc?
William A Utic is the Director of Acacia Fraternity Foundation Inc.
Official website here: www.acacia.org/foundation
What is the revenue of Acacia Fraternity Foundation Inc?
Acacia Fraternity Foundation Inc's revenue in 2023 was $1,086,493.
Official website here: www.acacia.org/foundation
Who are the executives of Acacia Fraternity Foundation Inc and what are their salaries?
The average compensation at Acacia Fraternity Foundation Inc during 2023 was $97,780. There is 1 employee and 30 volunteers at Acacia Fraternity Foundation Inc.
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Official website here: www.acacia.org/foundation
Where can I find the form 990 for Acacia Fraternity Foundation Inc?
Acacia Fraternity Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.acacia.org/foundation
Learn more at the official website: www.acacia.org/foundation
Mission Statement of Acacia Fraternity Foundation Inc
The Acacia Fraternity Foundation's mission revolves around two primary objectives. Firstly, it aims to contribute financially to the educational undertakings that align with the goals of Acacia Fraternity, Inc. and its local chapters. This support includes funding various educational initiatives that the fraternity deems worthy.
Secondly, the Acacia Fraternity Foundation is committed to providing scholarships to students pursuing their education at colleges and universities. By offering these scholarships, the foundation aims to assist deserving individuals in achieving their academic dreams, thereby fostering intellectual growth and development. The foundation's mission is instrumental in supporting the educational endeavors of the fraternity and empowering future generations by investing in their educational journeys.
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Impact
October, 2024
Acacia Fraternity Foundation Inc significantly enhances educational opportunities for students affiliated with the Acacia Fraternity. By raising funds, it supports various educational activities across local chapters, ensuring that members have access to resources and opportunities for personal and professional growth. Additionally, the Foundation provides scholarships to college and university students, helping to alleviate the financial burdens of higher education. This dual approach fosters a strong academic environment, cultivates leadership skills, and encourages lifelong learning among its members, contributing positively to both individual futures and the broader community.
This information is meant to be a general summary of Acacia Fraternity 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 2023.
- Investment Income: -$10,012
- Gross Receipts: $1,086,493
Assets and Liabilities:
- Total Assets: $4,043,443
- Total Liabilities: $0
- Net Assets: $4,043,443
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Organization Details
Founding Year
1989
Phone
(510) 797-2096Principal Officer
William A Utic
Main Address
12721 Meeting House Road, Carmel, IN, 46032
Website
www.acacia.org/foundationNTEE Category
Code: B83Z - Education
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