Alpha Kappa Alpha Sorority Inc
- Assets
- $69.5m
- Revenue
- $32.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Chicago, IL
- Founding
- 10/1952
- Data as of
- 12/2021
- EIN
- 36-2152330
Organization Overview
Alpha Kappa Alpha Sorority Inc is located in Chicago, IL. The organization was established in 1952. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2021, Alpha Kappa Alpha Sorority Inc employed 43 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Kappa Alpha Sorority Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Alpha Kappa Alpha Sorority Inc generated $32.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $26.4m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
OUR PURPOSE IS TO CULTIVATE HIGH SCHOLASTIC AND ETHICAL STANDARDS, THROUGH OUTREACH PROGRAMS IN EDUCATION, HEALTH, LEADERSHIP DEVELOPMENT, COMMUNITY SERVICE AND OTHER AREAS THAT IMPROVE THE SOCIAL STATURE OF WOMEN AND GIRLS, AND BE OF SERVICE TO ALL MANKIND.UNDER CODE SECTION 501(C)7 AKA IS A SOCIAL CLUB ORGANIZED FOR PLEASURE, RECREATION AND NON-PROFIT PURPOSES WHICH INCLUDE RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL SUPPORT. THESE CHARITABLE FUNCTIONS ARE SUPPORTED WITH FUNDS SET ASIDE FOR THESE PURPOSES IN COMPLIANCE WITH THE CODE SECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGIONS FUND- FUNDS FOR REGIONAL DIRECTORS ACTIVITIES TO MANAGE HER/HIS OFFICE WITH CERTAIN ALLOCATION OF CORPORATE FUNDS.
BOULE FUND IS THE CONSTITUTIONAL, DECISION-MAKING BODY OF THE SORORITY. IT IS ESTABLISHED FOR GENERAL OPERATING EXPENSES INCLUDING THE EXPENSES INCURRED FOR THE BOULE, WHICH IS THE SORORITY'S BI-ANNUAL INTERNATIONAL CONVENTION.
CORPORATE OFFICE IMPROVEMENT FUND (COIP)- THE PURPOSE IS TO GENERATE INCOME FOR CONSTRUCTION AND MAINTENANCE OF THE MAIN HEADQUARTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia D Howell Executive Dir | 40 | $201,275 | |
Nicole H Barrett Deputy Director | 40 | $167,421 | |
Darold Fletcher Director Of It | 40 | $142,998 | |
Barbara Brooks Dir Of Hr | 40 | $132,752 | |
Kelvin Mcalister CFO | 40 | $126,598 | |
Glenda Baskin Glover Intl President | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levenfield Pearlstein Llc Legal Services | 12/30/21 | $205,807 |
Fourteen Karat Plus Inc Jewelry | 12/30/21 | $343,849 |
Kevin Stewart Entertainment Designers | 12/30/21 | $363,551 |
Colbert Law Llc Legal Services | 12/30/21 | $304,150 |
Kreative Ivy Printing | 12/30/21 | $359,452 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,536,449 |
| Investment income | $0 |
| 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 | -$563,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,008,594 |
| 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 | $4,342,109 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,907,464 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,645,647 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $720,834 |
| Insurance | $1,410,583 |
| All other expenses | $5,516,329 |
| Total functional expenses | $26,368,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,578,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,158,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,427,700 |
| Prepaid expenses and deferred charges | $1,230,670 |
| Net Land, buildings, and equipment | $6,575,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,783,099 |
| Intangible assets | $0 |
| Other assets | $7,738,603 |
| Total assets | $69,493,289 |
| Accounts payable and accrued expenses | $10,290,991 |
| Grants payable | $0 |
| Deferred revenue | $9,226,839 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,000 |
| Total liabilities | $19,617,830 |
| Net assets without donor restrictions | $30,398,763 |
| Net assets with donor restrictions | $19,476,696 |
| 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 | $69,493,289 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Kappa Alpha Sorority Inc has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: Sponsorship of the Virtual Boule, Leadership Seminar, and conference | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |