XI Phi Lambda Chapter of Alpha Phi Alpha Fraternity Inc
Nonprofit profile at a glance
- EIN
- 825303064
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Summerville, SC, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Alumni Associations
Reported finances
- Revenue
- $138,888
- Expenses
- $88,253
- Assets
- $138,239
- Liabilities
- $1,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- Kenneth Wilson (Financial Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Alpha Excellence Foundation, associated with the Xi Phi Lambda Chapter of Alpha Phi Alpha Fraternity, Inc., is dedicated to supportingeducational and leadership development programs within the community. The chapter actively engages in community service, leadershipdevelopment, and educational initiatives, embodying the fraternity's mission. The Alpha Excellence Foundation, supports educational and leadershipdevelopment programs. A signature event associated with this foundation is the annual Black Ice Gala, organized by the Xi Phi Lambda Chapter toraise funds for scholarships and community programs. Additionally, the chapter hosts the Martin Luther King, Jr. Oratorical Competition, encouragingyouth to engage in public speaking on themes of freedom, justice, and democracy. These activities align with the fraternity's broader mission todevelop leaders and promote academic excellence.
What it reported doing in 2024
The Alpha Excellence Foundation 1906 Scholarship seeks to empower and support the academic pursuits of promising African American high school male seniors thatembody the principles of leadership, scholarship, and service. The scholarship aims to recognize and award outstanding achievements, fostering educationalexcellence within the community. By investing in the educational aspirations of deserving students, the Alpha Excellence Foundation seeks to contribute to thedevelopment of future leaders who will make meaningful contributions to society. Number/Amount of Awards: 3 @ $1906 each
Operating model
- Revenue model
- Donor-supported. 84% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 100
- Accountability: 64
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.3%; rating input score 57
- Program expense ratio: 90.2%; rating input score 90
- Fundraising efficiency: $33.44 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 36.5%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 182.5% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 30.8% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 36.6% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 57.3% of revenue deployed · 90.2% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $80K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.