Kappa Alpha Psi Fraternity FY2023 filing

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Consistent with the Grand Chapter of Kappa Alpha Psi Fraternity Inc., the Northeastern Province's objectives are as follows: 1. To unite college men of culture, patriotism, and honor in a bond of fraternity. 2. To encourage honorable achievement in every field of human endeavor. 3. To promote the spiritual, social, intellectual, and moral welfare of members. 4. To assist the aims and purposes of colleges and universities. 5. To inspire service in the public interest.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $62K a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $705K in investments, Pt X · Ln 11–13
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+9% vs prior year
Spent
$268K
To programs
0%
Net assets
$852K
By yearFY2020–FY2025
Revenue
$299K
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$380K
FY2021$62K
FY2022$274K
FY2023$299K
FY2024$337K
FY2025$404K
Expenses
$268K
FY2023▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2020$236K
FY2021$39K
FY2022$183K
FY2023$268K
FY2024$294K
FY2025$363K
Net assets
$852K
FY2023▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$634K
FY2021$733K
FY2022$744K
FY2023$852K
FY2024$1.1M
FY2025$1.3M

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1957.

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

Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Immediate Past Province Polemarch
$0Pt VII · Sec A
Province Polemarch
$0Pt VII · Sec A
Junior Province Vice Polemarch
$0Pt VII · Sec A
Province Keeper of Records
$0Pt VII · Sec A
Province Keeper of Exchequer
$0Pt VII · Sec A
$0Pt VII · Sec A
Lt Strategus
$0Pt VII · Sec A
Nominating Committee Chairman
$0Pt VII · Sec A
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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

Unites college men, encourages achievement, and promotes welfare and public service.

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3 programs · in their own filed words · FY2022
01

Membership meetings that include the Grand Chapter Meeting, Province Council, C. Rodger Wilson Leadership conference for undergraduate students, and Board of Director meetings to discuss governance affairs.

Pt IX · col B
02

Scholarships, Guide Right program, donations to the Kappa Foundation.

Pt IX · col B
03

Membership Intake and pass through to International Headquarters

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Fees for servicesLn 2g$157K
Gifts and grantsLn 1h$142K
Money outPt IX
$268K
Ln 25
Owns and owesPt X
$852K
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$854K
LiabilitiesLn 26$3K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$142K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$157K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$126K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$705K
Total assetsLn 16$854K
LiabilitiesLn 26$3K
Net assetsLn 32$852K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$277K$150K
InvestmentsLn 11–13$478K$705K
Total assetsLn 16$755K$854K
LiabilitiesLn 26$11K$3K
Net assetsLn 32$744K$852K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K
Office expensesLn 13$11K
TravelLn 17$12K
Conferences, conventions and meetingsLn 19$189K
Payments to affiliatesLn 21$2K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$45K
Total functional expensesLn 25$268K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $404K$363K$41K$1.3M 990 PDF
FY2024 $337K$294K$43K$1.1M 990 PDF
FY2023 Viewing $299K$268K$31K$852K 990 PDF
FY2022 $274K$183K$91K$744K 990 PDF
FY2021 $62K$39K$23K$733K 990 PDF
FY2020 $380K$236K$144K$634K 990 PDF

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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 $299,282 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,170$142,273
I-9 Program service revenuePrior year $121,197$157,009
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $61$0
I-12 Total revenuePrior year $274,428$299,282
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $183,035$268,199
I-18 Total expensesPrior year $183,035$268,199
I-19 Revenue less expensesPrior year $91,393$31,083
Part VI · Governance 24 of 24 board members independent, 2 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $299,282 across 12 lines filed
Lines not itemized here account for $83 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$130,623
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$11,650
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$142,273
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,926 · Unrelated business $0 · Excluded from tax $0$156,926
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $157,009 · Unrelated business $0 · Excluded from tax $0$299,282
Part IX · Statement of functional expenses $268,199 across 7 lines filed
IX-11c Accounting fees$3,650
IX-13 Office expenses$11,286
IX-17 Travel$11,578
IX-19 Conferences, conventions and meetings$189,363
IX-21 Payments to affiliates$1,875
IX-23 Insurance$5,900
IX-24 Other expenses (24a–d)$44,547
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$268,199
Part X · Balance sheet $854,374 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $253,816$126,466
X-2 Savings and temporary cash investmentsStart of year $23,041$23,071
X-11 Publicly traded securitiesStart of year $477,938$704,837
X-16 Total assetsStart of year $754,795$854,374
X-17 Accounts payable and accrued expensesStart of year $350$2,563
X-26 Total liabilitiesStart of year $10,966$2,563
X-27 Net assets without donor restrictionsStart of year $743,829$851,811
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $743,829$851,811
X-33 Total liabilities and net assetsStart of year $754,795$854,374
Part XI · Reconciliation of net assets $851,811 net assets at year end
XI-1 Total revenue$299,282
XI-2 Total expenses$268,199
XI-3 Revenue less expenses$31,083
XI-4 Net assets at start of year$743,829
XI-5 Net unrealized gains (losses) on investments$76,899
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$851,811

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

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