Kappa Alpha Psi Fraternity INC

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $5,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

Contintued to support st. Jude's hospital through sunday of hope. Provided seminars to 100 colleges with our greeks learning about debt (glad)program held national founders day

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $1.3M a year · 18% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
15 mo
of spending, in cash
Looks good: 14.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.6M
Spent
$13.0M
To programs
58%
Net assets
$16.1M
By yearFY2020–FY2023
Revenue
$15.6M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2020$6.8M
FY2021$0
FY2023$15.6M
Expenses
$13.0M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020$5.5M
FY2021$0
FY2023$13.0M
Net assets
$16.1M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2020$12.6M
FY2021$0
FY2023$16.1M

From the FY2023 Form 990 (year ending September 2023) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 1957.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $7.6M Management & general 42% · $5.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Kappa Alpha Psi Fraternity INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports St. Jude's Hospital and offers debt education seminars to college students.

Questions for Kappa Alpha Psi Fraternity INC

Tap to ask. Kappa Alpha Psi Fraternity INC sees how many people are interested.

Your first name shows with your question. Kappa Alpha Psi Fraternity INC answers here, for everyone.

1 program · $7.6M · in their own filed words · FY2022
01

Advance the educational fraternal and moral development of membership, in accordance with the purpose of the organization.

$7.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
AARPFY2023$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$15.6M
Ln 12
Gifts and grantsLn 1h$9.3M
Fees for servicesLn 2g$6.0M
Other incomeLn 4–11$200K
Money outPt IX
$13.0M
Ln 25
Programscol B$7.6M
Managementcol C$5.4M
Owns and owesPt X
$16.1M
net assets · Ln 32
Cash and savingsLn 1–2$16.2M
Total assetsLn 16$18.0M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.3M
Government grantsLn 1e$383K
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$155K
Other incomeLn 4–11$200K
Total revenueLn 12$15.6M
Assets in detailPt X, end of year
CashLn 1$8.6M
SavingsLn 2$7.6M
Cash and savings togetherLn 1–2$16.2M
Accounts receivableLn 4$265K
Prepaid expenses and deferred chargesLn 9$937K
Land, buildings, equipmentLn 10c$559K
Total assetsLn 16$18.0M
LiabilitiesLn 26$1.9M
Net assetsLn 32$16.1M
OperationsPt I, VI
EmployeesI 515
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$13.8M$16.2M
Land, buildings, equipmentLn 10c$307K$559K
Total assetsLn 16$15.2M$18.0M
LiabilitiesLn 26$2.3M$1.9M
Net assetsLn 32$12.9M$16.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.2M$181K$1.0M
Payroll taxesLn 10$299K$45K$254K
Legal feesLn 11b$378K$57K$321K
Accounting feesLn 11c$40K$40K
Advertising and promotionLn 12$116K$105K$12K
Information technologyLn 14$315K$47K$268K
OccupancyLn 16$141K$21K$120K
TravelLn 17$241K$36K$205K
Conferences, conventions and meetingsLn 19$3.6M$3.0M$536K
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$2.8M$2.4M$417K
Other expenses (24a–d)Ln 24$1.0M$258K$786K
All other expensesLn 24e$2.8M$1.4M$1.4M
Total functional expensesLn 25$13.0M$7.6M$5.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Aug 13, 2025 $15.6M$13.0M$2.5M$16.1M 990 PDF
FY2022 Not on file
FY2021Filed with the IRS Aug 15, 2022 $0$0$0$0 990 PDF
FY2020Filed with the IRS Aug 13, 2021 $6.8M$5.5M$1.4M$12.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $15,562,289 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,725,158$9,250,610
I-9 Program service revenuePrior year $7,326,889$5,956,232
I-10 Investment incomePrior year $137,102$155,230
I-11 Other revenuePrior year $235,069$200,217
I-12 Total revenuePrior year $12,424,218$15,562,289
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,422,684$1,506,531
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,435,730$11,517,009
I-18 Total expensesPrior year $8,858,414$13,023,540
I-19 Revenue less expensesPrior year $3,565,804$2,538,749
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $15,562,289 across 9 lines filed
VIII-1b Membership dues$5,299,362
VIII-1e Government grants$383,482
VIII-1f All other contributions, gifts and grants$3,567,766
VIII-1h Total contributions, gifts and grants$9,250,610
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,956,232$5,956,232
VIII-3 Investment incomeRelated to mission $155,230$155,230
VIII-5 RoyaltiesRelated to mission $70,211$70,211
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $130,006$130,006
VIII-12 Total revenueRelated to mission $6,311,679 · Unrelated business $0 · Excluded from tax $0$15,562,289
Part IX · Statement of functional expenses $13,023,540 across 13 lines filed
IX-7 Other salaries and wagesPrograms $181,164 · Management $1,026,598$1,207,762
IX-10 Payroll taxesPrograms $44,815 · Management $253,954$298,769
IX-11b Legal feesPrograms $56,722 · Management $321,426$378,148
IX-11c Accounting feesManagement $39,754$39,754
IX-12 Advertising and promotionPrograms $104,588 · Management $11,621$116,209
IX-14 Information technologyPrograms $47,211 · Management $267,529$314,740
IX-16 OccupancyPrograms $21,222 · Management $120,259$141,481
IX-17 TravelPrograms $36,168 · Management $204,953$241,121
IX-19 Conferences, conventions and meetingsPrograms $3,038,961 · Management $536,287$3,575,248
IX-22 Depreciation, depletion and amortizationManagement $54,607$54,607
IX-23 InsurancePrograms $2,361,967 · Management $416,818$2,778,785
IX-24 Other expenses (24a–d)Programs $257,680 · Management $786,409$1,044,089
IX-24e All other expensesPrograms $1,448,799 · Management $1,384,028$2,832,827
IX-25 Total functional expensesPrograms $7,599,297 · Management $5,424,243 · Fundraising $0$13,023,540
Part X · Balance sheet $17,951,300 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $7,348,880$8,584,641
X-2 Savings and temporary cash investmentsStart of year $6,421,071$7,606,196
X-4 Accounts receivableStart of year $293,997$264,597
X-9 Prepaid expenses and deferred chargesStart of year $812,064$936,683
X-10c Land, buildings and equipment, netStart of year $306,833$559,183
X-16 Total assetsStart of year $15,182,845$17,951,300
X-17 Accounts payable and accrued expensesStart of year $347,948$314,192
X-19 Deferred revenueStart of year $1,913,775$1,473,211
X-25 Other liabilities$64,825
X-26 Total liabilitiesStart of year $2,261,723$1,852,228
X-27 Net assets without donor restrictionsStart of year $12,794,068$16,099,072
X-32 Total net assets or fund balancesStart of year $12,921,122$16,099,072
X-33 Total liabilities and net assetsStart of year $15,182,845$17,951,300
Part XI · Reconciliation of net assets $16,099,072 net assets at year end
XI-1 Total revenue$15,562,289
XI-2 Total expenses$13,023,540
XI-3 Revenue less expenses$2,538,749
XI-4 Net assets at start of year$12,921,122
XI-5 Net unrealized gains (losses) on investments$639,201
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,099,072

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.