Kappa Alpha Psi Fraternity
- Assets
- $286.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Landover Hls, MD
- Founding
- 06/1956
- Data as of
- 04/2023
- EIN
- 52-1238087
Organization Overview
Kappa Alpha Psi Fraternity is located in Landover Hls, 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)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Kappa Alpha Psi Fraternity generated $200.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $168.6k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
COMMUNITY SERVICE PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Baker Polemarch | 1 | $0 | |
Sir Bernard Vice Polemarch | 1 | $0 | |
Carroll James Haris 2nd Vice Polemarch | 1 | $0 | |
Terrell Smith Keeper Of Records | 1 | $0 | |
Carlton Nettles Asst Keeper Of The Records | 1 | $0 | |
David Torrence Keeper Of The Exchequer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,155 |
| Total Program Service Revenue | $132,829 |
| Membership dues | $63,013 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,999 |
| 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 | $0 |
| Other expenses | $168,636 |
| Total expenses | $168,636 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $285,365 |
| Other assets | $0 |
| Total assets | $286,043 |
| Total liabilities | $0 |
| Net assets or fund balances | $286,043 |