Alexandria-Fairfax Alumni Chapter Kappa Schlrship Endowment Fund Inc
- Assets
- $1.4m
- Revenue
- $312.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 54-1562320
Organization Overview
Alexandria-Fairfax Alumni Chapter Kappa Schlrship Endowment Fund Inc is located in Alexandria, VA. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alexandria-Fairfax Alumni Chapter Kappa Schlrship Endowment Fund Inc 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 06/2022, Alexandria-Fairfax Alumni Chapter Kappa Schlrship Endowment Fund Inc generated $312.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $191.8k during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS, GRANTS AND OTHER FINANCIAL SUPPORT TO INDIVIDUALS AND ORGANIZATIONS IN SUPPORT OF YOUTH EDUCATIONAL AND GENERAL WELFARE GOALS IN THE NORTHERN VIRGINIA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS TO 12 HIGH SCHOOL SCHOLARS AVERAGING OVER USD 2,000 EACH. FOUR SCHOLARSHIPS WERE RENEWABLE FOR 3 ADDITIONAL YEARS.
YOUTH DEVELOPMENT PROGRAM - PROVIDED VARIOUS MENTORING AND DEVELOPMENT OPPORTINITIES TO 150-200 YOUTH THROUGH SUMMER YOUTH CAMP, AVIATION TRAINING, MONTHLY SCHOOL-BASED INTERACTIVE SESSIONS, AND VARIOUS OTHER TRAINING PROGRAMS.
COMMUNITY DEVELOPMENT PROGRAM - CONDUCTED HEALTH AWARENESS INITIATIVE, THANKSGIVING FOOD BASKETS, CHRISTMAS TOYS DRIVES, COAT DRIVES, VOLUNTEER ASSISTANCE TO LOCAL CHURCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronaldo Nicholson President | OfficerTrustee | 20 | $0 |
Marcel Dixon Vice President | OfficerTrustee | 15 | $0 |
Rayricus Matthews Secretary | OfficerTrustee | 15 | $0 |
William Mcleod Treasurer | OfficerTrustee | 20 | $0 |
Jeremy George Director | Trustee | 10 | $0 |
Deron Hogans Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,087 |
| Membership dues | $1,200 |
| Fundraising events | $49,162 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,204 |
| Total Program Service Revenue | $0 |
| Investment income | $17,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,949 |
| 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 | $312,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $109,380 |
| 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 | $2,504 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $4,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $268 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $127 |
| Information technology | $612 |
| Royalties | $0 |
| Occupancy | $11,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $793 |
| Interest | $25,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,207 |
| Insurance | $3,659 |
| All other expenses | $3,700 |
| Total functional expenses | $191,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,241 |
| Savings and temporary cash investments | $87,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,970 |
| Prepaid expenses and deferred charges | $1,800 |
| Net Land, buildings, and equipment | $1,138,138 |
| Investments—publicly traded securities | $18,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,370,425 |
| Accounts payable and accrued expenses | $150 |
| Grants payable | $26,000 |
| 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 | $735,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $761,347 |
| Net assets without donor restrictions | $429,891 |
| Net assets with donor restrictions | $179,187 |
| 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 | $1,370,425 |