Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1956.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990.
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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
Supports future business leaders with resources to improve their education.
Questions for Alpha Kappa Psi Foundation INC
Your first name shows with your question. Alpha Kappa Psi Foundation INC answers here, for everyone.
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Alpha kappa psi foundation makes grants to alpha kappa psi professional business fraternity to fund educational, leadership, and professional development programming for alpha kappa psi student and alumni members.
The foundation distributes more than 80 grants and scholarships to undergrad and grad students. The scholarships are for academy (a leadership development conference), academic team (top scholars who make positive contributions to their school and community), general scholarships based on scholastic achievement, restricted scholarships…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $35K | $24K |
| InvestmentsLn 11–13 | $4.9M | $5.0M |
| Total assetsLn 16 | $5.5M | $5.6M |
| LiabilitiesLn 26 | $221K | $442K |
| Net assetsLn 32 | $5.3M | $5.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $595K | $595K | ||
| Grants to domestic individualsLn 2 | $136K | $136K | ||
| Other salaries and wagesLn 7 | $199K | $67K | $32K | $100K |
| Other employee benefitsLn 9 | $31K | $9K | $9K | $13K |
| Payroll taxesLn 10 | $20K | $6K | $6K | $9K |
| Accounting feesLn 11c | $23K | $23K | ||
| Investment management feesLn 11f | $24K | $24K | ||
| Other fees for servicesLn 11g | $5K | $5K | ||
| Office expensesLn 13 | $17K | $752 | $16K | |
| OccupancyLn 16 | $8K | $8K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| All other expensesLn 24e | $26K | $25K | $1K | |
| Total functional expensesLn 25 | $1.1M | $813K | $133K | $139K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $571K | $636K | −$65K | $5.3M | 990 PDF |
| FY2023 | $158K | $600K | −$442K | $4.9M | 990 PDF |
| FY2022 | $1.5M | $453K | $1.1M | $4.8M | 990 PDF |
| FY2021 | $996K | $439K | $557K | $4.8M | 990 PDF |
| FY2020 | $201K | $381K | −$179K | $3.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $601,227 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $601,227 across 6 lines filed
Part IX · Statement of functional expenses $1,085,814 across 12 lines filed
Part X · Balance sheet $5,561,381 assets, 11 lines filed
Part XI · Reconciliation of net assets $5,119,125 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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