Alpha Sigma Phi Foundation Inc
Alpha Sigma Phi Foundation maintains strong asset base with zero reported officer compensation amidst fluctuating revenues.
EIN: 141908351 · Carmel, IN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $14.1M |
| Transparency Score | 85/100 |
Is Alpha Sigma Phi Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alpha Sigma Phi Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alpha Sigma Phi Foundation Inc
Alpha Sigma Phi Foundation Inc (EIN: 141908351) is a nonprofit organization based in Carmel, IN, classified under NTEE code B82. The organization reported total revenue of $1.6M and total assets of $15.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alpha Sigma Phi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alpha Sigma Phi Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-304,739 |
| Total Assets | $14.2M |
| Total Liabilities | $148K |
| Net Assets | $14.1M |
| Operating Margin | -27.8% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 121.8 months |
Financial Health Grade: B
In 2023, Alpha Sigma Phi Foundation Inc reported a deficit of $305K with expenses exceeding revenue, holds 121.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Alpha Sigma Phi Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.5% | +32.7% | +5.5% |
| 2022 | +24.8% | -5.7% | -12.9% |
| 2021 | -29.3% | -8.2% | +20.9% |
| 2020 | +4.3% | -15.3% | +2.2% |
| 2019 | +39.3% | -4.2% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alpha Sigma Phi Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Alpha Sigma Phi Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $305K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The Alpha Sigma Phi Foundation Inc. consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers, which is highly commendable for an organization of its size with assets exceeding $15 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alpha Sigma Phi Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in some periods (e.g., 202306: Expenses $1,401,863 vs. Revenue $1,097,124), which could indicate reliance on reserves or investment income.
Strengths
The following positive indicators were identified for Alpha Sigma Phi Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high transparency and efficient use of funds.
- Strong and growing asset base, reaching $15,585,920, providing financial stability.
- Long history of IRS 990 filings (14 periods), demonstrating consistent compliance and transparency.
- Low liabilities relative to assets, indicating good financial management (e.g., 202306 liabilities $148,354 vs. assets $14,225,384).
Frequently Asked Questions about Alpha Sigma Phi Foundation Inc
Is Alpha Sigma Phi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Alpha Sigma Phi Foundation Inc (EIN: 141908351) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Alpha Sigma Phi Foundation Inc spend its money?
Alpha Sigma Phi Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alpha Sigma Phi Foundation Inc tax-deductible?
Alpha Sigma Phi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141908351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alpha Sigma Phi Foundation Inc CEO make?
Alpha Sigma Phi Foundation Inc's highest-compensated officer earns $15 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Alpha Sigma Phi Foundation Inc's spending goes to programs?
Alpha Sigma Phi Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alpha Sigma Phi Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Alpha Sigma Phi Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alpha Sigma Phi Foundation Inc located?
Alpha Sigma Phi Foundation Inc is headquartered in Carmel, Indiana and files with the IRS under EIN 141908351. It is classified under NTEE code B82.
How many years of IRS 990 filings does Alpha Sigma Phi Foundation Inc have?
Alpha Sigma Phi Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Is Alpha Sigma Phi Foundation Inc. financially stable?
Yes, the organization appears financially stable, with assets consistently above $12 million and reaching $15,585,920 in the latest period, despite some fluctuations where expenses have exceeded revenue in certain years (e.g., 202306).
Does Alpha Sigma Phi Foundation Inc. pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries are paid to its executives.
How has the organization's revenue trended?
Revenue has fluctuated over the years, ranging from a low of $1,097,124 in 202306 to a high of $2,597,607 in 201706. The latest reported revenue is $1,646,737.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the long term, growing from $11,634,084 in 201606 to $15,585,920 in the latest period, indicating strong financial growth and accumulation.
Filing History
IRS 990 filing history for Alpha Sigma Phi Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Alpha Sigma Phi Foundation Inc's revenue has declined by 30.5%, moving from $1.6M to $1.1M. Total assets increased by 22.5% over the same period, from $11.6M to $14.2M. Total functional expenses fell by 10.9%, from $1.6M to $1.4M. In its most recent filing year (2023), Alpha Sigma Phi Foundation Inc reported a deficit of $305K, with expenses exceeding revenue. The organization holds $148K in liabilities against $14.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $14.2M | $148K | — | — |
| 2022 | $1.6M | $1.1M | $13.5M | $69K | — | View 990 |
| 2021 | $1.3M | $1.1M | $15.5M | $110K | — | — |
| 2020 | $1.8M | $1.2M | $12.8M | $127K | — | View 990 |
| 2019 | $1.7M | $1.4M | $12.5M | $143K | — | View 990 |
| 2018 | $1.2M | $1.5M | $12.5M | $117K | — | View 990 |
| 2017 | $2.6M | $1.4M | $12.5M | $71K | — | View 990 |
| 2016 | $1.7M | $1.4M | $11.6M | $65K | — | View 990 |
| 2015 | $1.2M | $1.3M | $12.3M | $78K | — | View 990 |
| 2014 | $1.8M | $1.4M | $12.6M | $32K | — | View 990 |
| 2013 | $1.3M | $1.5M | $11.7M | $246K | — | View 990 |
| 2012 | $1.5M | $1.3M | $11.4M | $318K | — | View 990 |
| 2011 | $222K | $642K | $11.5M | $302K | — | View 990 |
| 2010 | $1.6M | $1.6M | $11.6M | $445K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $14.2M (revenue -31.5% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.1M, and assets of $13.5M (revenue +24.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $15.5M (revenue -29.3% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.2M, and assets of $12.8M (revenue +4.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $12.5M (revenue +39.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.5M, and assets of $12.5M (revenue -51.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $1.4M, and assets of $12.5M (revenue +50.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.4M, and assets of $11.6M (revenue +38.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $12.3M (revenue -30.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.4M, and assets of $12.6M (revenue +40.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.5M, and assets of $11.7M (revenue -16.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $11.4M (revenue +592.0% year-over-year).
- 2011: Revenue of $222K, expenses of $642K, and assets of $11.5M (revenue -85.9% year-over-year).
- 2010: Revenue of $1.6M, expenses of $1.6M, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alpha Sigma Phi Foundation Inc:
Data Sources and Methodology
This transparency report for Alpha Sigma Phi Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.