2024-07-15T16:46:01-05:00 2023-08-31 352102008 CNA TAX PROFESSIONALS INC 10475 CROSSPOINT BOULEVARD SUITE 200 INDIANAPOLIS IN 46256 990 2022-09-01 351920532 ASSOCIATION OF FRATERNITYSORORITY ADVISORS FOUNDATION ASSO 9707974361 11722 ALLISONVILLE ROAD BOX 351 1 FISHERS IN 46038 JASON BERGERON EXECUTIVE DIRECTOR 9707974361 2024-07-15 1 JASON BERGERON 999009999 1 SHAWN D DREIMAN CPA P00380913 3178413393 2024-07-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON BERGERON 11722 ALLISONVILLE ROAD BOX 351 103 FISHERS IN 46038 199447 0 X AFA1976.ORG/FOUNDATION X 1992 IN TO SECURE, INVEST, AND DISTRIBUTE THE NECESSARY RESOURCE TO SUPPORT THE OBJECTIVE OF THE ASSOCIATION OF FRATERNITY/SORORITY ADVISORS AND OTHER RELEVANT RESEARCH, SCHOLARSHIP, AND EDUCATIONAL PROGRAMMING THAT FURTHERS THE FRATERNITY/SORORITY ADVISING PROFESSION. 11 11 0 22 0 0 148792 173742 0 0 47467 25589 176 116 196435 199447 88188 119680 0 0 0 0 0 0 32817 64531 74451 152719 194131 43716 5316 904802 989000 31481 56632 873321 932368 TO SECURE, INVEST, AND DISTRIBUTE THE NECESSARY RESOURCE TO SUPPORT THE OBJECTIVE OF THE ASSOCIATION OF FRATERNITY/SORORITY ADVISORS AND OTHER RELEVANT RESEARCH, SCHOLARSHIP, AND EDUCATIONAL PROGRAMMING THAT FURTHERS THE FRATERNITY/SORORITY ADVISING PROFESSION. 0 0 145344 119680 PROVIDES GRANTS FOR ONGOING EDUCATIONAL PROGRAMMING FOR AFA MEMBERS, INDIVIDUAL SCHOLARSHIPS AND GRANTS, AND EDUCATIONAL PORTIONS OF THE ANNUAL CONFERENCE. 145344 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X THE ORANIZATION 9707974361 11722 ALLISONVILLE ROAD STE 103 BOX FISHERS IN 46038 KATIE ABERNATHY BOARD MEMBER 2.00 X 0 0 0 CARRIE WHITTIER CHAIR 4.00 X X 0 0 0 JB GOLL TREASURER 4.00 X X 0 0 0 RYAN LUGABIHL VICE CHAIR 4.00 X X 0 0 0 JENNIFER PIERCE THOMAS BOARD MEMBER 2.00 X 0 0 0 HARA HENSHELL SECRETARY 4.00 X X 0 0 0 CHRIS JEFFERSON BOARD MEMBER 2.00 X 0 0 0 BYRON HUGHES BOARD MEMBER 2.00 X 0 0 0 SHANE TAYLOR BOARD MEMBER 2.00 X 0 0 0 ANNE EMMERTH BOARD MEMBER 2.00 X 0 0 0 JUSTIN ANGOTTI BOARD MEMBER 2.00 X 0 0 0 JASON BERGERON EXECUTIVE DIRECTOR 10.00 X 25341 0 1280 MICHAEL WILSON CFO 10.00 X 12467 0 8824 37808 0 10104 0 0 0 0 0 173742 173742 25589 25589 OTHER INCOME 900099 116 116 116 199447 0 0 25705 X 119680 119680 954 573 381 8000 4809 3191 18054 10800 7168 86 778 52 96 630 6827 4499 2130 198 35906 3714 2261 29931 728 453 275 OTHER EXPENSES 3204 764 468 1972 194131 145344 15970 32817 155640 125832 6500 1234 9803 747928 846865 904802 989000 21538 16099 9943 40533 31481 56632 X 379805 397327 493516 535041 873321 932368 904802 989000 5316 53731 0 X 1 X 0 1 0 X 130447 140810 109989 148792 173742 703780 130447 140810 109989 148792 173742 703780 0 0 0 703780 18227 28044 31260 47467 25589 150587 18227 28044 31260 47467 25589 150587 286 71 103 176 116 752 148960 168925 141352 196435 199447 855119 0.82300 0.84920 0.17610 0.15010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 427302 24767 46380 14926 483523 507713 11749 -75514 16646 427302 424216 11579 82699 10781 507713 361864 16523 55181 9352 424216 340174 20078 14980 13368 361864 1.00000 0 0 0 DUE TO CENTER FOR FRATERNAL EXCELLENCE, INC. 2211 DUE TO ASSOCIATION OF FRATERNITY/SORORITY ADVISORS, INC. 38322 40533 X 253113 53731 53731 199382 65 65 199447 194066 0 194066 65 65 194131 PART V, LINE 4: THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A MAXIMUM OF 4% OF EACH ENDOWMENT FUND'S ANNUAL BALANCE. THIS IS CONSISTENT WITH THE FOUNDATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. ADDITIONALLY, THE FOUNDATION HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH AUGUST 31, 2022 AND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, AS OF THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). 1 ASSOCIATION OF FRATERNALSORORITY ADVISORS 8741 FOUNDERS ROAD INDIANAPOLIS IN 46268 161104950 501(C)(6) 0 119680 SUPPORT EDUCATIONAL PROGRAMMING 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, LINE 5 MICHAEL WILSON IS COMPENDATED BY AN UNRELATED ENTITY, CENTER FOR FRATERNAL EXCELLENCE, FOR WORK PERFORMED FOR ASSOCIATION OF FRATERNITY SORORITY ADVISORS FOUNDATION. HE RECEIVED $21,290.41 FOR THE FISCAL YEAR FOR SERVICE TO THIS ORGANIZATION, OF WHICH $6,802.50 WAS DEFERRED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION OF FRATERNITY SORORITY ADVISORS FOUNDATION (AFAF) HAS A SERVICE AGREEMENT ASSOCIATION OF FRATERNITY SORORITY ADVISORS (AFA). AFA THEN HAS A SERVICE AGREEMENT WITH WITH CENTER FOR FRATERNAL EXCELLENCE, ASSOCIATION MANAGEMENT COMPANY, TO PERFORM MANAGEMENT DUTIES INCLUDING CFO SERVICES, HUMAN RESOURCES, ACCOUNTING, OFFICE AND IT FUNCTIONS, AND OTHER ADMINISTRATIVE SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ALL RELATED SCHEDULES, STATEMENT, AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING WITH THE IRS. IN ADDITION, A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS BEFORE FILING. THE MOST RECENT IRS FORM 990 FILING CAN BE REQUESTED BY CONTACTING THE CENTRAL OFFICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE ASSOCIATION'S BOARD OF DIRECTORS, VOLUNTEER LEADERS, THE EXECUTIVE DIRECTOR, AND OTHER EMPLOYEES. PERSONS COVERED BY THE POLICY ARE REQUIRED TO ANNUALLY DISCLOSE THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED TO THE PRESIDENT WHO WILL DETERMINE WHETHER TO: (A)TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THE POLICY; (C) ASK THE PERSON TO RECUSE HIM/HERSELF FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ASSOCIATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ASSOCIATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ASSOCIATION'S REMOVAL PROCEDURES. THE ASSOCIATION'S EXECUTIVE DIRECTOR AND DESIGNATED BOARD MEMBER(S) WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST UPON WRITTEN REQUEST MADE TO THE ATTENTION OF OUR EXECUTIVE DIRECTOR AND RECEIVED AT OUR CORPORATE OFFICE ADDRESS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10,800. MANAGEMENT AND GENERAL EXPENSES 7,168. FUNDRAISING EXPENSES 86. TOTAL EXPENSES 18,054.