Kappa Alpha Psi Fraternity
- Assets
- $162.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/1957
- Data as of
- 09/2024
- EIN
- 23-7279438
Organization Overview
Kappa Alpha Psi Fraternity is located in Atlanta, GA. The organization was established in 1957. 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 $109.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $64.2k during the year ending 09/2024. 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 Mission:
Part 3 - Line 1
HE ATLANTA ALUMNI CHAPTER WAS CHARTERED ON FEBRUARY 22 1924 MAKING IT ONE OF THE OLDEST CHAPTERS IN KAPPA ALPHA PSI AND THE LARGEST ALUMNI CHAPTER IN THE SOUTHEASTERN PROVINCE. THE CHAPTER'S RICH HISTORY OF COMMUNITY SERVICE INCLUDES PARTNERING WITH HOSEA FEED THE HUNGRY THE DEPARTMENT OF FAMILY AND CHILDREN SERVICES AND THE ATLANTA PUBLIC SCHOOL SYSTEM. OUR FRATERNITY'S NATIONAL SERVICE PROGRAM KNOWN AS GUIDE RIGHT AWARDS SCHOLARSHIP DOLLARS TO HIGH SCHOOL STUDENTS WHO PARTICIPATE IN OUR STUDENT OF THE YEAR COMPETITION AND OUR STUDENT DEBATE. THANK YOU FOR VISITING AND FEEL FREE TO JOIN US AT OUR NEXT SOCIAL EVENT OR PARTNER WITH US AS WE SERVE THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
WE MENTOR A GROUP MIDDLE SCHOOL TO HIGH SCHOOL AFRICAN MEN TO BECOME PRODUCTIVE CITIZENS!! 90% GO ON TO COLLEGE.
PROGRAMS PROMOTING OUR OVER 50 YR MEMBERS OR AGE 60!!
SERVICE THE COMMUNITY WITH HOLIDAY BASKETS DURING THANKSGIVING AND CHRISTMAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Clark President | 10 | $0 | |
Patrick Simon Vice President | 10 | $0 | |
Garvey Cills Treasurer | 20 | $0 | |
Trey Meadows Secretary | 10 | $0 | |
William Brooks Board Member | 0 | $0 | |
Craig Latimore Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,800 |
| Membership dues | $76,325 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,200 |
| Occupancy, rent, utilities, and maintenance | $6,225 |
| Printing, publications, postage, and shipping | $1,600 |
| Other expenses | $49,200 |
| Total expenses | $64,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $162,900 |
| Other assets | $0 |
| Total assets | $162,900 |
| Total liabilities | $0 |
| Net assets or fund balances | $162,900 |