Kappa Alpha Psi Guide Right Foundation Of Montgomery Inc
- Assets
- $990.6k
- Revenue
- $190.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 80-0074492
Organization Overview
Kappa Alpha Psi Guide Right Foundation Of Montgomery Inc, operating under the name Guide Right Foundation of Montgomery, is located in Montgomery, AL. The organization was established in 2004. 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. Guide Right Foundation of Montgomery 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 12/2023, Guide Right Foundation of Montgomery generated $190.7k 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 (16.3%) each year. All expenses for the organization totaled $69.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN CHARITABLE ACTIVITIES AND EXTEND FINANCIAL AID THROUGH GRANTS, GIFTS, CONTRIBUTIONS AND OTHER AID OR ASSISTANCE TO QUALIFIED INDIVIDUALS. TO ENCOURAGE, PROMOTE, AND SUPPORT THE EDUCATION OF YOUTH AND MANAGE RELATED FACILITIES AND SERVICES FOR THE BENEFIT OF RESIDENTS OF THE MONTGOMERY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE GUIDE RIGHT PROGRAM, OF THE MONTGOMERY ALUMNI CHAPTER, KAPPA ALPHA PSI FRATERNITY. PROVIDES FUNDING FOR 3 MENTORING PROGRAMS SERVING 90 - 100, 4TH-12TH GRADE STUDENTS IN THE MONTGOMERY AREA. THESE PROGRAMS PROMOTE MOTIVATION TOWARD ACHIEVEMENTS IN SCHOOL AS WELL AS OTHER LIFE SKILLS NEEDED FOR SUCCESS. THESE MENTORING PROGRAMS ARE CALLED: KAPPA KIDS, WHICH FOCUSES ON 4TH AND 5TH GRADERS, KAPPA KNIGHTS, WHICH TARGETS 6TH THROUGH 9TH GRADERS, AND KAPPA LEAGUE WHICH FOCUSES 10TH THROUGH 12TH GRADES.
$500 COLLEGE SCHOLARSHIPS PROVIDED TO 11 GRADUATING SENIORS.
COLLEGE CAMPUS TOURS FOR KAPPA LEAGUE GUIDE RIGHT PROGRAM PARTICIPANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Brown Director | Trustee | 1 | $0 |
Legand Burge Director | Trustee | 2 | $0 |
John Ivery Director | Trustee | 1 | $0 |
Theodore Morgan Director | Trustee | 1 | $0 |
Darold Boswell Director | Trustee | 1 | $0 |
Richard Jackson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,500 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,739 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,250 |
| Grants and other assistance to domestic individuals. | $5,500 |
| 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 | $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 | $176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,437 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $69,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,269 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $949,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990,629 |
| Accounts payable and accrued expenses | $350,512 |
| 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 | $350,512 |
| Net assets without donor restrictions | $610,411 |
| Net assets with donor restrictions | $29,706 |
| 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 | $990,629 |