Kappa Alpha Psi Fraternity
- Assets
- $52.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Orion, MI
- Founding
- 06/1957
- Data as of
- 09/2023
- EIN
- 51-0212795
Organization Overview
Kappa Alpha Psi Fraternity is located in Lake Orion, MI. 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 09/2023, Kappa Alpha Psi Fraternity generated $120.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $102.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Kinloch President | 12 | $0 | |
Gregory Thomas Sr Vice President | 8 | $0 | |
Cameron Bolton Jr Vice President | 8 | $0 | |
Art Mills-Martin Secretary | 8 | $0 | |
Raymond Wiggins Jr Treasurer | 8 | $0 | |
Curtis Terry Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $29,007 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $91,719 |
| Total Revenue | $120,726 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $10,545 |
| Other expenses | $91,719 |
| Total expenses | $102,264 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,341 |
| Other assets | $0 |
| Total assets | $52,341 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,341 |