2025-04-23T11:35:20-05:00 2024-12-31 860267201 HAMMOND TRAVERS & TUTTLE PC 6263 N SCOTTSDALE RD STE 250 SCOTTSDALE AZ 852505426 990 2024-01-01 843719027 IOWA STATE ACACIA CHAPTER FOUNDATION IOWA 5152574683 834 SOUTH EAST MICHAEL DR ANKENY IA 500213671 JAMES H DAVIS PRESIDENT 5152574683 2025-04-23 1 0 JERRY L TUTTLE CPA P01315425 4809982755 2025-04-21 2024 2025-03-06 01:10:19Z JAMES H DAVIS 27483 N 103RD WAY SCOTTSDALE AZ 852628948 126604 0 X HTTPS://ISACF.ORG X 2019 IA TO PROVIDE SCHOLARSHIPS FOR THE MEMBERS OF ACACIA FRATERNITY AT IOWA STATE UNIVERSITY AND TO REIMBURSE THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATION OF THE CHAPTER HOUSE 6 6 0 0 0 0 146044 91849 0 0 12699 34755 0 0 158743 126604 64537 55429 0 0 0 0 0 0 5992 3966 12914 68503 68343 90240 58261 579170 680529 0 0 579170 680529 X TO PROVIDE SCHOLARSHIPS FOR THE MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY AND REIMBURSE THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATION OF THE CHAPTER HOUSE. 0 0 32135 THE FOUNDATION WAS ABLE TO RAISE FUNDS TO REIMBURSE THE ACACIANS THE AMOUNT SHOWN ABOVE FOR OPERATIONAL COSTS OF THE CHAPTER HOUSE RELATED DIRECTLY TO THE "EDUCATIONAL USE" PORTION OF THE CHAPTER HOUSE THAT MAY BE PAID USING TAX-DEDUCTIBLE DONATED FUNDS 11500 THE AMOUNT REPRESENTS THE DOLLAR AMOUNT OF SCHOLARSHIPS AWARDED TO MEMBERS OF ACACIA FRATERNITY BASED ON ACADEMIC PERFORMANCE AT IOWA STATE UNIVERSITY. THE AMOUNTS AWARDED MET THE ESTABLISHED CRITERIA OF THE FOUNDATION 5992 THE FOUNDATION PUBLISHED A NEWSLETTER DESCRIBING THE ACTIVITIES IN WHICH THE FOUNDATION WAS ENGAGED. THE NEWSLETTER WAS DISTRIBUTED TO THE ALUMNI OF THE CHAPTER AT NO COST TO THEM. EACH EDITION OF THE NEWSLETTER INCLUDES INFORMATION ON HOW ALUMNI MAY CONTRIBUTE TO THE FOUNDATION IN THE FURTHERANCE OF ITS GOALS TO PROVIDE SCHOLARSHIPS TO THE CHAPTER MEMBERS AND REIMBURSE THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATION OF THE CHAPTER HOUSE. 6922 THE OTHER PROGRAM SERVICE EXPENSES TOTALLING $6,922 WERE INCURRED FOR THE FOLLOWING ITEMS.OFFICE EXPENSES ($526), INSURANCE EXPENSE )($594) A STATE OF IOWA FILING FEE ($20) AND FEDERAL TAX EXPENSES ($5,782) WAS INCURRED DUE TO FILING THE RETURN IN A NON-ELECTRONIC FORMAT FOR AN EARLIER REPORTJNG PERIOD 6922 56549 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 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 X 6 6 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 IA X HAROLD ZARR 5152574683 834 SE MICHAEL DR ANKENY IA 50021 X JAMES H DAVIS PRESIDENT 10.00 X X 0 0 0 ROGER KINGERY VICE PRESIDENT 2.00 X X 0 0 0 HAROLD D ZARR JR SECRETARY TREASURER 10.00 X X 0 0 0 CRAIG A BUSKE AT LARGE DIRECTOR 2.00 X 0 0 0 JOHN T LYNCH AT LARGE DIRECTOR 2.00 X 0 0 0 RANDYL ELKIN AT LARGE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 91849 4678 91849 34755 34755 126604 34755 0 0 43929 43929 11500 11500 5992 5992 526 526 594 594 FEDERAL TAX PAYMENT 5782 5782 STATE FILING FEE 20 20 68343 56549 5802 5992 1315 1379 107390 121319 470465 557831 579170 680529 0 0 X 108745 39373 470425 641156 579170 680529 579170 680529 58261 43098 0 X 0 0 0 X 572321 360186 266599 146044 91849 1436999 572321 360186 266599 146044 91849 1436999 0 0 0 1436999 4877 15476 10728 12899 34755 78735 4877 15476 10728 12899 34755 78735 1634 1634 577198 377296 277327 158943 126604 1517368 0.94700 0.96720 0.05190 0.03160 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: NET GAIN ON SALE OF DONATED SECURITIES IN 2021 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 2 44296 52541 8500 43929 474618 174160 1 1 470425 44296 43110 52429 557831 350321 87246 32858 64536 470425 315289 136250 -101217 61618 350321 16284 303781 -4517 315289 16025 0 16284 0.12970 0.73880 0.13160 0 0 0 PART V, LINE 4: PART V LINE 4: NAMED ENDOWED ACCOUNTS ARE USED TO GENERATE EARNINGS FOR THE FOUNDATION WHICH MAY THEN BE PAID OUT AS ACADEMIC SCHOLARSHIPS TO MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY WHO MEET AN OBJECTIVE SET OF CRITERIA FOR THOSE SCHLARSHIPS. ONLY THE EARNINGS MAY BE PAID AS SCHLARSHIPS, NONE OF THE ENDOWED FUNDS MAY BE SPENT. PART V LINE 4: THE TWO BOARD DESIGNATED QUASI-ENDOWED ACCOUNTS ARE USED TO GENERATE INCOME WHICH IS THEN EAR-MARKED FOR SPECIFIC PURPOSES AND MAY ONLY BE SPENT ON THOSE ITEMS. SPECIFICALLY, EARNINGS FROM ONE ACCOUNT ARE USED TO REIMBURSE THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED IN OPERATING THE CHAPTER HOUSE FOR ACACIA FRATERNITY AT IOWA STATE UNIVERSITY. THE SECOND ACCOUNT IS USED TO PROVIDE SCHOLARSHIP FUNDS FOR MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY. ONLY THE EARNINGS MAY BE USED, NONE OF THE ENDOWED FUNDS MAY BE SPENT. 1 THE ACACIANS PO BOX 42362 URBANDALE IA 50323 320575143 501(C)(7) 43929 0 SEE EXPLANATION BELOW ACADEMIC SCHOLARSHIPS 5 11500 PART II, LINE 1: PART II LINE 1:THE FOUNDATION REIMBURSED THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED DURING THEIR 2022-2023 FISCAL YEAR. THE ACACIANS SUBMITTED THE REQUIRED DOCUMENTATION THAT DESCRIBED AND CLEARLY IDENTIFIED THE COSTS INCURRED THAT COULD BE LEGITIMATELY REIMBURSED BY THE FOUNDATION. PART III LINE 1: THE FOUNDATION PROVIDED ACADEMIC SCHOLARSHIPS TO FIVE INDIVIDUAL MEMBERS OF THE ACACIA FRATERNITY CHAPTER BASED ON THEIR ACADEMIC PERFORMANCE. THE AWARDS WERE GIVEN BASED ON THE REQUIREMENTS OF THE FOUNDATION AND/OR A SPECIFIC AGREEMENT WITH THE DONOR BASED ON OBJECTIVE PERAMETERS REQUIRED TO RECIEVE A SCHOLARSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD DOES NOT HAVE ANY STANDING OR AD HOC COMMITTEES AT THIS TIME. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS SHARED WITH MEMBERS OF THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO THE SUBMISSION TO OUR ACCOUNTANT FOR PREPARATION OF THE ELECTRONIC COPY TRANSMITTED TO THE INTERNAL REVENUE SERVICE. THE REVIEW AND APPROVAL IS RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C AT EACH MEETING OF THE BOARD A REVIEW IS CONDUCTED FOR ALL CONTRIBUTIONS TO ENSURE NO CONFLICT OF INTEREST ARISES FROM THE ACCEPTANCE OF ANY DONATION TO THE FOUNDATIION. RECORDS OF THE DISCUSSION OF THE TOPIC ARE RECORDED IN THE MINUTES OF THE MEETING. NO CONFLICTS OF INTEREST HAVE BEEN IDENTIFIED IN THE PAST FISCAL YEAR FORM 990, PART VI, SECTION C, LINE 18 A BROCHURE IS MADE AVAILABLE TO ALL ALUMNI INFORMING THEM THAT THEY MAY RECEIVE A COPY OF THE FORM 990 UPON REQUEST. A WRITTEN SUMMARY OF THE FINANCIAL RESULTS FOR FISCAL YEARS 2022,2023 AND 2024 IS AVAILABLE ON THE ISACF WEBSITE. QUARTERLY SUMMARIES OF THE FINANCIAL RESULTS OF THE ISACF ARE MAILED TO THE ALUMNI ON A QUARTERLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL CURRENT AND RELEVANT OPERATING PROCEDURES OF THE FOUNDATION ARE AVAILABLE ON ITS WEBSITE FOR ANY PERSON TO ACCESS AND/OR PRINT AS THEY REQUIRE. PRINTED COPIES WILL ALSO BE SENT TO ANY ALUMNUS OF THE CHAPTER AT THEIR REQUEST. FORM 990- PART VI SECTION C LINE 18 PAGE 6 THE FOUNDATION IS CURRENTLY WORKING ON DEVELOPING A WEBSITE. ONCE COMPLETE, COPIES OF TAX RETURNS WILL BE AVAILABLE ON THIS WEBSITE. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC JAMES H DAVIS - 27483 N 103RD WAY, SCOTTSDALE, AZ 85252. ROGER KINGERY - 1822 168TH ST, EARLHAM, IA 50072. HAROLD D ZARR JR - 834 SE MICHAEL DR, ANKENY, IA 50023. CRAIG A BUSKE - 17005 78TH COURT N, MAPLE GROVE, MN 55311. JOHN T LYNCH - 5106 CRANE ST, CLEAR LAKE, IA 50428. RANDYL ELKIN - 9722 221ST ST N, FOREST LAKE, MN 55025.