Kappa Alpha Psi Foundation Inc
- Assets
- $5.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Philadelphia, PA
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 23-2205286
Organization Overview
Kappa Alpha Psi Foundation Inc is located in Philadelphia, PA. The organization was established in 1981. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kappa Alpha Psi Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kappa Alpha Psi Foundation Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $650.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR KAPPA ALPHA PSI FRATERNITY, INC. MEMBERS AND OTHERS IN SERVICE TO COMMUNITIES WITH PARTICULAR EMPHASIS ON AFRICAN-AMERICAN COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO SOME OF THE 12 REGIONAL PROVINCES FOR SCHOLARSHIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Dubose President | OfficerTrustee | $0 | |
Micheal M Adkinson Pe Secretary | OfficerTrustee | $0 | |
Rodney Berryman Vice Preside | OfficerTrustee | $0 | |
Martin Hubbard Treasurer | OfficerTrustee | $0 | |
Reuben A Shelton III ESQ Board Direct | Trustee | $0 | |
Evan R Jackson Board Direct | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $248,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,980 |
| Total Program Service Revenue | $0 |
| Investment income | $489,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,338,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,435 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,131 |
| Insurance | $0 |
| All other expenses | $6,846 |
| Total functional expenses | $650,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $874,517 |
| Savings and temporary cash investments | $3,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,696 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $86,031 |
| Net Land, buildings, and equipment | $43,180 |
| Investments—publicly traded securities | $4,246,224 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,297,285 |
| Accounts payable and accrued expenses | $39,540 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,429 |
| Total liabilities | $277,969 |
| Net assets without donor restrictions | $2,491,340 |
| Net assets with donor restrictions | $2,527,976 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,297,285 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Kappa Alpha Psi Foundation Inc has recieved totaling $297,251.
| Awarding Organization | Amount |
|---|---|
Battle Creek Community Foundation Battle Creek, MI PURPOSE: FRATERNAL ORDERS | $150,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $72,674 |
Aarp Washington, DC PURPOSE: Sponsorship of the virtual Grand Chapter Meeting | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,073 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR THE CORE OPERATING SUPPORT FOR THE KAPPA LEAGUE AND GUIDE RIGHT PROGRAMS TO EMPOWER YOUNG MEN FROM UNDERSERVED COMMUNITIES TO BECOME THE NEXT GENERATION OF LEADERS AND ACHIEVERS IN CALIFORNIA. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Weachieve Inc Silver Spring, MD | $15,012,410 | $16,647,397 |
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Delta Theta Foundation Oxford, OH | $39,955,120 | $4,831,339 |
Delta Zeta Foundation Oxford, OH | $16,389,397 | $3,220,126 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
Beta Psi House Corporation Of Delta Gamma Fraternity Columbus, OH | $8,243,959 | $1,563,984 |
Alpha Psi House Corporation Of Delta Gamma Fraternity Inc Columbus, OH | $10,685,120 | $1,625,378 |
Delta Gamma House Corp Columbus, OH | $9,588,322 | $1,372,665 |