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Alpha Gamma Delta Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352057322 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Alpha Gamma Delta Foundation Inc?

Alpha Gamma Delta Foundation Inc, based in Indianapolis, Indiana, is a nonprofit organization dedicated to making a positive impact on communities. Their primary focus lies in supporting education, philanthropy, and leadership. They offer 159 scholarships annually to members of Alpha Gamma Delta, helping them complete their studies in critical fields such as biotechnology, medicine, education, healthcare, agriculture, and the arts, among others. The foundation strives to enrich communities by providing essential support, contributing to the personal and professional growth of its recipients. With a team of six dedicated individuals, Alpha Gamma Delta Foundation Inc is committed to fostering education, encouraging philanthropy, and promoting leadership.


Official website here: www.alphagammadeltafoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)

The Alpha Gamma Delta Foundation Inc has received a rating of 82%, which translates to a Three-Star designation on Charity Navigator. This score reflects a strong emphasis on Accountability & Finance, indicating that the organization has established robust fiscal practices and governance structures. The charity is noted for having an entirely independent board, which is a positive indicator of its commitment to ethical management.

Strengths highlighted in the evaluation include a well-structured oversight committee, an effective conflict of interest policy, and a transparent whistleblower policy. These elements contribute to a strong governance framework, ensuring that the foundation operates with integrity and accountability. Additionally, the foundation demonstrates a low liabilities to assets ratio, signifying good financial health.

However, the Program Expense Ratio stands at 58.61%, which is relatively low compared to other nonprofits. This suggests that a significant portion of the foundation's expenses may not be directed toward programmatic activities, which is a common consideration for potential donors. Overall, while the foundation excels in governance and financial management, there is room for improvement in maximizing funds for direct programs.


This AI summary has been generated from information found on Charity Navigator.

Is Alpha Gamma Delta Foundation Inc legitimate?

Alpha Gamma Delta Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Gamma Delta 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: $223,258
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,665

For more financial information, click here


Official website here: www.alphagammadeltafoundation.org

What is the mission statement of Alpha Gamma Delta Foundation Inc?

The Alpha Gamma Delta Foundation aims to positively impact and enrich communities by providing essential support for education, philanthropy, and leadership. This is achieved through various initiatives, including offering scholarships to over 150 undergraduate and graduate members, enabling them to complete their education in critical fields such as biotechnology, medicine, education, healthcare, agriculture, the arts, and more. The foundation's mission is to contribute to community development in these areas.


Official website here: www.alphagammadeltafoundation.org

Who is the CEO of Alpha Gamma Delta Foundation Inc?

Julie A Waitman is the Chair of Alpha Gamma Delta Foundation Inc. The CEO's salary of Alpha Gamma Delta Foundation Inc is $120,443 and their total compensation is $132,110.


Official website here: www.alphagammadeltafoundation.org

What is the revenue of Alpha Gamma Delta Foundation Inc?

Alpha Gamma Delta Foundation Inc's revenue in 2023 was $1,749,436.


Official website here: www.alphagammadeltafoundation.org

Who are the executives of Alpha Gamma Delta Foundation Inc and what are their salaries?

The average compensation at Alpha Gamma Delta Foundation Inc during 2023 was $70,154. There are 6 employees and 60 volunteers at Alpha Gamma Delta Foundation Inc.


Here are 11 key members and their salaries (Alpha Gamma Delta Foundation Inc's CEO's salary is $120,443 and their total compensation is $132,110):


Carol Richards Peske (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrienne Kerr Beckett (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Guthrie Rogers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvie Kramer Weikert (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Jacobson James (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Woodham Langub (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Petry Parham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurie Jones Phelan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Dunford Rossell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Waitman (Chief Executive Officer And Secretary)
  • Compensation: $120,443
  • Related: $0
  • Other: $11,667
Chris Fedor (Treasurer)
  • Compensation: $62,171
  • Related: $0
  • Other: $18,925


Official website here: www.alphagammadeltafoundation.org

Where can I find the form 990 for Alpha Gamma Delta Foundation Inc?

Alpha Gamma Delta Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.alphagammadeltafoundation.org

Learn more at the official website: www.alphagammadeltafoundation.org

Mission Statement of Alpha Gamma Delta Foundation Inc

Alpha Gamma Delta Foundation, a not-for-profit organization, aims to positively impact and enhance communities by offering vital assistance in the domains of education, philanthropy, and leadership. The foundation's mission is to provide essential support in these areas, thereby enriching the lives of individuals and communities at large.

In particular, Alpha Gamma Delta Foundation focuses on awarding undergraduate and graduate scholarships to members of Alpha Gamma Delta. These scholarships are granted to students pursuing their education at institutions of higher learning in critical fields such as biotechnology, medicine, education, healthcare, agriculture, and the arts, among others. By offering these scholarships, the foundation plays a pivotal role in empowering future leaders and fostering growth in various sectors.

In summary, Alpha Gamma Delta Foundation serves as a catalyst for community development and individual advancement through its three core areas of support: education, philanthropy, and leadership. By providing essential scholarships to deserving students, the foundation contributes to the development of future leaders in various fields and helps enrich communities as a whole.

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Impact




October, 2024

Alpha Gamma Delta Foundation Inc significantly enhances communities by providing essential support in education, philanthropy, and leadership. Through its commitment to advancing higher education, it offers 159 scholarship grants to undergraduate and graduate members pursuing degrees in critical fields such as biotechnology, medicine, education, healthcare, agriculture, and the arts. This focus on educational advancement not only empowers individuals but also contributes to a skilled and informed workforce that benefits society as a whole.




This information is meant to be a general summary of Alpha Gamma Delta 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.

Revenue
$1,749,436 (2023)
Expenses
$1,757,640 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: -$218,485
  • Gross Receipts: $17,716,629

Assets and Liabilities:

  • Total Assets: $11,857,273
  • Total Liabilities: $197,135
  • Net Assets: $11,660,138

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Organization Details

Founding Year

1998

Principal Officer

Julie A Waitman

Main Address

8710 NORTH MERIDIAN STREET, INDIANAPOLIS, IN, 46260

NTEE Category

Code: B82 - Education

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