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 Vulnerability Assessment (Tuckman-Chang)

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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 $186K in total revenue in fiscal year 2024. Expenses of $208K exceeded revenue, resulting in a 12% operating deficit.

Mission

IDSEF was incorporated on June 9, 1994 and operates for educational, philanthropic and educational purposes. The guiding light of IDSEF is to provide scholarships, educational outreach and mentorship for college bound students in the Prince William and Southern Fairfax County areas in Virginia

Program Service Accomplishments

Program 1
Expenses: $175,817 Revenue: $95,644

Black and Gold Scholarship Gala: 17 scholarships were awarded to new recipients and 3 renewable scholarships were awarded to previous years' scholarship recipients. Includes plaques and certificates...

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Black and Gold Scholarship Gala: 17 scholarships were awarded to new recipients and 3 renewable scholarships were awarded to previous years' scholarship recipients. Includes plaques and certificates presented to scholarship recipients at the gala.

Program 2
Expenses: $5,526 Revenue: $7,873

Golf tournament - Funds were raised and donated to the Prince William County, Virginia public school system in support of Title I, and the purchase of backpacks and school supplies for needy students.

Program 3
Expenses: $0 Revenue: $0

There was no third program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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