ALPHA PHI ALPHA IRA DORSEY SCHOLARSHIP ENDOWMENT FUND INC

EIN: 541726378 501(c)(3) Education

Woodbridge, VA

Total Revenue
$185,544
Total Expenses
$207,586
Total Assets
$850,848
Net Assets
$829,641
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
VA
Principal Officer
Sidney Evans
Phone
5713101906
Tax Period
2024-01-01 to 2024-12-31

ALPHA PHI ALPHA IRA DORSEY SCHOLARSHIP ENDOWMENT FUND INC, founded in 1994, is a small nonprofit in the Education sector that reported $120K in total revenue in fiscal year 2020. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 41% operating margin.

Mission

To help deserving college bound students fund their educations by providing scholarships and mentorship and funding to support educational and charitable programs in the Washington, DC area with focus on Prince William and Southern Fairfax Counties in Virginia.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $172,589
Program Service Revenue $0
Investment Income $12,955
Other Revenue $0
TOTAL REVENUE $185,544

Expense Breakdown

Grants Paid $92,048
Salaries & Benefits $0
Fundraising Expenses $23,243
Program Expenses $181,343
Other Expenses $115,538
TOTAL EXPENSES $207,586

Year-over-Year Comparison

2024 2023 Change
Revenue $185,544 $177,921 +0.0%
Expenses $207,586 $171,377 +0.2%
Net Income $-22,042 $6,544 -4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
N/A
Employees
N/A
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leo Brooks Member 2
Director
$0 $0 $0
Anthony Walker Member 2
Director
$0 $0 $0
Mark Ausbrook Member 2
Director
$0 $0 $0
Robert Blackwell Member 2
Director
$0 $0 $0
jason Calhoun Member 2
Director
$0 $0 $0
Michael Early Member 2
Director
$0 $0 $0
Maurice Hines Member 2
Director
$0 $0 $0
Hershel Holiday Member 2
Director
$0 $0 $0
Charles Johnson Member 2
Director
$0 $0 $0
Howard Wilkes Member 2
Director
$0 $0 $0
Jerry Jones Member 2
Director
$0 $0 $0
Joseph Ward Member 2
Director
$0 $0 $0
Jermaine Williams Member 2
Director
$0 $0 $0
Kenneth Wright Member 2
Director
$0 $0 $0
Sidney Evans President 15
Director
$0 $0 $0
Gerald Gladney Vice President 10
Director
$0 $0 $0
Robert F Stephens Treasurer 10
Director
$0 $0 $0
Derrick Grimes Secretary 5
Director
$0 $0 $0
Tedrose Charles Member 2
Director
$0 $0 $0
Caleb Minus Member 2
Director
$0 $0 $0
Michael Carey Financial Secretary 10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $185,544 $207,586 $850,848 $-22,042
2023 $340,074 $171,377 $783,595 $168,697
2022 $166,006 $123,753 $579,245 $42,253
2021 $84,707 $40,588 $667,826 $44,119
2020 $119,627 $70,636 $515,206 $48,991
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