Kappa Alpha Psi Fraternity
- Assets
- $53.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1956
- Data as of
- 09/2024
- EIN
- 23-7178595
Organization Overview
Kappa Alpha Psi Fraternity is located in Chicago, IL. The organization was established in 1956. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Kappa Alpha Psi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2024, Kappa Alpha Psi Fraternity generated $129.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $112.2k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
HOSTING EVENTS FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tavius Jackson President | 10 | $0 | |
Dan Brisard Senior Vice President | 10 | $0 | |
Reginald Guy Jr Vice President | 10 | $0 | |
David Crook Secretary | 10 | $0 | |
Timothy Thomas Treasurer | 10 | $0 | |
Loyce Ellis Board Of Directors | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,192 |
| Total Program Service Revenue | $0 |
| Membership dues | $77,038 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $46,982 |
| Total Revenue | $129,212 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $6,699 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $24,900 |
| Printing, publications, postage, and shipping | $1,150 |
| Other expenses | $66,889 |
| Total expenses | $112,170 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,473 |
| Other assets | $0 |
| Total assets | $53,473 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,473 |