Kappa Alpha Psi Fraternity
- Assets
- $248.7k
- Revenue
- $118.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hyattsville, MD
- Founding
- 06/1956
- Data as of
- 04/2022
- EIN
- 52-1238087
Organization Overview
Kappa Alpha Psi Fraternity is located in Hyattsville, MD. 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 04/2022, Kappa Alpha Psi Fraternity generated $118.8k 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 (20.5%) each year. All expenses for the organization totaled $98.7k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND SUSTAIN A BOND OF BROTHERHOOD BASED ON DIVERSE SKILL SETS AMONG THE MEMBERSHIP, CAMARADERIE AND UNIQUE COLLABORATION, AND TO SERVE OUR LOCAL COMMUNITIES PROACTIVELY WITH PROGRAMS AND ACTIVITIES .......
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YEARS EVE GALA EVENT ON DECEMBER 31, 2019 THE HYATTSVILLE/LANDOVER MD ALUMNI CHAPTER CONDUCTED ITS 33RD ANNUAL BLACK TIE NYE GALA IN PARTNERSHIP WITH THE ALEXANDRIA FAIRFAX VA ALUMNI CHAPTER. THROUGH THE YEARS THIS EVENT HAS SUPPORTED THE CHAPTERS SCHOLARSHIP AND GUIDE RIGHT INITIATIVES. THE ATTENDANCE OF THE EVENT HAS GROWN TO EXCEED 900 PATRONS ANNUALLY. LAST YEAR THERE WERE ROUGHLY 950 PATRONS IN ATTENDANCE.
GUIDE RIGHT PROGRAM IS A MENTORING PROGRAM CONDUCTED BY THE FRATERNITY. THE PROGRAM IS SET UP TO ALLOW MEMBERS OF THE FRATERNITY TO MENTOR YOUNG MEN IN HIGH SCHOOL. THE PROGRAM INCLUDES THE KAPPA LEAGUE WHICH IS MADE OF YOUNG MEN THAT RECEIVE GUIDANCE AND MENTORSHIP IN THE AREAS OF FINANCE, HEALTH, AND CAREERS.
BOWLING PARTY THE BOWLING PARTY IS AN ANNUAL EVENT THAT IS GIVEN BY THE HYATTSVILLE/LANDOVER ALUMNI CHAPTER. THE EVENT BRINGS TOGETHER MEMBERS OF THE COMMUNITY AND THE DIVINE 9 FOR A NIGHT OF BOWLING AND FUN. THE EVENT LAST FOUR HOURS AND TICKETS ARE SOLD PRIOR TO THE EVENT AS WELL AS AT THE DOOR THE NIGHT OF THE EVENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pitts Polemarch | OfficerTrustee | 10 | $0 |
Richard C Baker Vice Polemarch | OfficerTrustee | 10 | $0 |
Sir Bernard 2nd Vice Polemarch | OfficerTrustee | 10 | $0 |
Terrell Smith Keeper Of Records | OfficerTrustee | 10 | $0 |
David Torrence Exchequer | OfficerTrustee | 10 | $0 |
Carroll J Harris Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,688 |
| Fundraising events | $2,740 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,578 |
| Total Program Service Revenue | $56,170 |
| Investment income | $9,853 |
| 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 | $118,797 |
| 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 | $2,583 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,561 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,393 |
| All other expenses | $0 |
| Total functional expenses | $98,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,622 |
| Savings and temporary cash investments | $25,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,638 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,750 |
| Net Land, buildings, and equipment | $795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $157,827 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $248,691 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,575 |
| Net assets with donor restrictions | $112,893 |
| 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 | $248,691 |
| Total liabilities and net assets/fund balances | $248,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
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Omicron Delta Kappa Society And Educational Foundation Inc Lexington, VA | $3,864,125 | $1,527,453 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |