Overview
What is Alpha Delta Foundation?
Alpha Delta Foundation is a nonprofit organization situated in Raleigh, North Carolina. Established with the mission to promote education, it awards scholarships to eligible undergraduate students at the University of North Carolina Chapel Hill. The organization has a special preference for members of the Alpha Delta chapter of the Alpha Tau Omega fraternity. Their scholarship program aims to encourage academic achievement and service to the chapter, university, and wider community. By offering these awards, they seek to attract students who align with these values. The foundation is overseen by a board of directors, who approve the eligibility and selection criteria from time to time.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%
The Alpha Delta Foundation has received a Zero-Star out of Four Star rating, reflecting significant concerns regarding its accountability and financial management. The overall score is based entirely on the Accountability & Finance category, where the foundation scored 40%. While the organization has demonstrated some strengths, such as having a fully independent board and no material diversion of assets, it falls short in several key areas.
Notably, the foundation lacks essential policies such as a whistleblower policy and a document retention and destruction policy, which are critical for transparency and governance. Furthermore, its program expense ratio is quite low at 34.17%, indicating that a significant portion of its funds may not be directed toward its mission-driven programs. This raises concerns about the effectiveness of the organization's financial practices.
While the foundation has strengths in board independence and conflict of interest policies, the missing policies and low program expenses suggest that potential donors should proceed with caution. Overall, the Alpha Delta Foundation's performance indicates a need for substantial improvements in accountability and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Delta Foundation legitimate?
Alpha Delta Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Delta Foundation 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.
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What is the mission statement of Alpha Delta Foundation?
The Alpha Delta Foundation was established with the aim of promoting education by granting scholarships to eligible full-time undergraduate students at the University of North Carolina, Chapel Hill. Preference is given to students who are members of the Alpha Delta chapter of the Alpha Tau Omega fraternity. The scholarship awards are intended to encourage and recognize academic achievement and service to the chapter, university, and broader community. The foundation serves as a beacon to attract young men who share these values and uphold them within the fraternity.
Who is the CEO of Alpha Delta Foundation?
John R Gardner is the President of Alpha Delta Foundation.
What is the revenue of Alpha Delta Foundation?
Alpha Delta Foundation's revenue in 2022 was $72,251.
Who are the executives of Alpha Delta Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Alpha Delta Foundation?
Alpha Delta Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alpha Delta Foundation
The Alpha Delta Foundation, established with the primary objective, promotes education by granting scholarships to deserving students. This non-profit organization focuses its scholarships on full-time undergraduate students in excellent academic standing at the University of North Carolina, Chapel Hill. However, it grants preference to those who are members of the Alpha Delta Chapter of the Alpha Tau Omega fraternity. The scholarship awards aim to recognize and reward the values of academic achievement and service towards the chapter, university, and broader community. By doing so, the Alpha Delta Foundation serves as a magnet, drawing in young men who share these values, thereby contributing to the fraternity. The foundation's board of directors sets the criteria for eligibility and selection, ensuring the scholarship awards remain purposeful and impactful.
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Impact
August, 2024
The impact of Alpha Delta Foundation is focused on promoting education by granting scholarships to full-time undergraduate students at the University of North Carolina Chapel Hill, with a preference for members of the Alpha Delta chapter of the Alpha Tau Omega fraternity. These scholarships are awarded based on criteria that emphasize academic achievement and service to the chapter, the university, and the broader community. By providing financial support to deserving students who embody these values, the foundation serves as a beacon to attract young men who share a commitment to academic excellence and community service.
This information is meant to be a general summary of Alpha Delta Foundation. 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: -$364
- Gross Receipts: $224,561
Assets and Liabilities:
- Total Assets: $653,407
- Total Liabilities: $0
- Net Assets: $653,407
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Organization Details
Founding Year
2020
Phone
(910) 660-0972Principal Officer
John R Gardner
Main Address
P O BOX 17047, RALEIGH, NC, 27619
NTEE Category
Code: B82 - Education
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