2024-04-13T14:06:53-05:00 2023-12-31 860267201 HAMMOND TRAVERS & TUTTLE PC 6263 N SCOTTSDALE RD STE 250 SCOTTSDALE AZ 852505426 990 2023-01-01 843719027 IOWA STATE ACACIA CHAPTER FOUNDATION IOWA 5152574683 834 SOUTH EAST MICHAEL DR ANKENY IA 500213671 JAMES H DAVIS PRESIDENT 5152574683 2024-04-13 1 JAMES DAVIS 999009999 0 JERRY L TUTTLE CPA P01315425 4809982755 2024-04-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JAMES H DAVIS 27483 N 103RD WAY SCOTTSDALE AZ 852628948 158743 0 X HTTPS://ACACIA-WEBSITE.VERCEL.APP/ X 2019 IA TO PROVIDE SCHOLARSHIPS FOR THE MEMBERS OF ACACIA FRATERNITY AT IOWA STATE UNIVERSITY AND TO REIMBURSE THE ALUMNI BOARD FOR EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATION OF THE CHAPTER HOUSE 6 6 0 0 0 0 266599 146044 0 0 10728 12699 0 0 277327 158743 58645 64537 0 0 0 0 0 0 0 19783 3966 78428 68503 198899 90240 456071 579170 0 0 456071 579170 TO PROVIDE SCHOLARSHIPS FOR THE MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY AND REIMBURSE THE ALUMNI BOARD FOR EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATION OF THE CHAPTER HOUSE. 0 0 64537 64537 158743 THE FOUNDATION WAS ABLE TO RAISE FUNDS FOR REIMBURSEMENT TO THE ALUMNI BOARD OF THE FRATERNITY OPERATIONAL COSTS RELATED TO THE "EDUCATIONAL USE" PORTION OF THE CHAPTER HOUSE THAT MAY BE PAID USING TAX-DEDUCTIBLE DONATED FUNDS 3966 158743 THE FOUNDATION PUBLISHED A QUARTERLY NEWSLETTER DESCRIBING THE ACTIVITIES IN WHICH THE FOUNDATION WAS ENGAGED. THE NEWSLETTER WAS DISTRIBUTED TO THE ALUMNI OF THE CHAPTER AT NO COST TO THE ALUMNI. THE NEWSLETTER ALSO INCLUDED INFORMATION ON HOW ALUMNI MAY DONATE TO THE FOUNDATION TO SUPPORT THE PAYMENT OF SCHOLARSHIPS AND REIMBURSEMENT OF EDUCATIONAL-USE EXPENSES TO THE ALUMNI BOARD FOR OPERATING THE CHAPTER HOUSE 68503 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 0 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 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 146044 1418 146044 12699 12699 158743 12699 0 0 64537 64537 3375 3375 14 14 577 577 68503 68503 0 0 8366 1315 97384 107390 350321 470465 456071 579170 0 0 X 8366 108745 447705 470425 456071 579170 456071 579170 90240 32859 0 X 0 0 0 X 1150 572321 360186 266599 146044 1346300 1150 572321 360186 266599 146044 1346300 0 0 0 1346300 4877 15476 10728 12899 43980 4877 15476 10728 12899 43980 1634 1634 1150 577198 377296 277327 158943 1391914 0.96720 0.03160 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: NET GAIN ON SALE OF DONATED SECURITIES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 82000 396573 1 1 350321 87246 32858 470425 315289 39101 9481 13550 350321 16284 287497 11508 315289 16025 259 16284 0.00000 1.00000 0 0 0 PART V, LINE 4: ONLY EARNINGS AND LIMITED CAPITAL GAINS FROM INVESTMENTS MAY BE USED FOR SCHOLARSHIPS OR FOR REIMBURSEMENT OF EDUCATIONAL-USE EXPENSES. THE FOUNDATION MAINTAINS THREE ENDOWMENT ACCOUNTS. THE FIRST ENDOWED ACCOUNT IS USED TO GENERATE FUNDS FOR REIMBURSEMENT OF EDUCATIONAL-USE EXPENSES INCURRED IN THE OPERATIONS OF THE CHAPTER HOUSE. THE SECOND ENDOWED ACCOUNT IS USED TO PROVIDE FUNDS FOR GENERAL SCHOLARSHIPS TO MEMBERS OF THE FRATERNITY WHO LIVE IN THE CHAPTER HOUSE AND MEET ACADEMIC AND OTHER REQUIREMENTS FOR SCHOLARSHIPS, AS SPECIFIED IN THE OPERATING PROCEDURES OF THE FOUNDATION. THE THIRD ENDOWED ACCOUNT IS A "NAMED ACCOUNT" WHERE ALUMNI, WHO DONATE A MINIMUM DOLLAR AMOUNT, MAY DIRECT THEIR SCHOLARSHIPS FOR MEMBERS OF THE FRATERNITY WHO ARE ENROLLED IN SPECIFIC DEGREE PROGRAMS AND MEET OTHER SPECIFIED CRITERIA. DONORS TO THESE ACCOUNTS MAY, AT THEIR OPTION, USE THE REQUIREMENTS FOR SCHOLARSHIPS AS THEIR DEFAULT CRITERIA FOR AWARDING OF SCHOLARSHIPS. DISTRIBUTIONS FOR EDUCATION-USE EXPENSES ARE PAID DIRECTLY TO THE ALUMNI BOARD OF THE FRATERNITY. TO RECEIVE THESE FUNDS THE ALUMNI BOARD MUST SUBMIT A COPY OF THEIR CURRENT TAX RETURN ON AN ANNUAL BASIS SIGNED BY THE ALUMNI BOARD PRESIDENT. THE ALUMNI BOARD MAY ALSO REQUEST FUNDS FOR THE FIRST SIX MONTHS OF OPERATIONS BY SUBMITTING A REQUEST SIGNED BY TWO OFFICERS OF THE ALUMNI BOARD TESTIFYING TO THE ACCURACY OF THE COSTS THAT ARE SUBMITTED. AS OF DECEMBER 31, 2023,THE BALANCES IN THE THREE ENDOWED ACCOUNTS, NET OF UNREALIZED GAINS AND LOSSES FOR THE FISCAL YEAR OF 2023, WERE AS FOLLOWS: ENDOWED CHAPTER HOUSE ACCOUNT $51,409 ENDOWED GENERAL SCHOLARSHIP ACCOUNT $22,443 ENDOWED NAMED SCHOLARSHIP ACCOUNT $396,573 TOTAL VALUE OF ENDOWED ACCOUNT DEC 31,2023 $470,425 1 THE ACACIANS PO BOX 42362 URBANDALE IA 50323 320575143 501(C)(7) 64537 0 SEE EXPLANATION BELOW PART II, LINE 1: THE FOUNDATION REIMBURSED THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED DURING THEIR 2021-2022 FISCAL YEAR. THE ACACIANS SUBMITTED THE REQUIRED DOCUMENTATION THAT DESCRIBED AND CLEARLY IDENTIFIED THE COSTS INCURRED THAT COULD BE LEGITIMATELY REIMBURSED BY THE FOUNDATION. 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 A COPY OF THE TAX RETURN IS MAILED TO EACH MEMBER OF THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO THE SUBMISSION OF THE TAX RETURN TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AT EACH MEETING OF THE BOARD, DONATIONS ARE REVIEWED AND ANY POSSIBLE CONFLICT OF INTEREST IS IDENTIFIED AND DISCUSSED. NO CONFLICTS OF INTEREST HAVE BEEN IDENTIFIED. FORM 990, PART VI, SECTION C, LINE 18 COPIES OF THE TAX RETURN ARE MADE AVAILABLE TO ALL ALUMNI MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY UPON REQUEST. SUMMARIES OF THE FINANCIAL INFORMATION ARE PROVIDED ON THE FOUNDATION WEBSITE IN THE QUARTERLY NEWSLETTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS WILL BE MADE AVAILABLE ON THE FOUNDATION WEBSITE AS SOON AS THE WEBSITE IS COMPLETED. COPIES OF THE OPERATING PROCEDURES ARE CURRENTLY AVAILABLE TO ANY ALUMNUS OF THE CHAPTER UPON THIS 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. 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.