Kappa Alpha Theta Foundation

Tax-deductible

Indianapolis, IN501(c)(3)Since 1960EducationEIN 36-6066531Revenue $6.2M in FY2025

On file with the IRSkappaalphathetafoundation.org8740 Founders Rd, 46268-1337 · Indianapolis, INTax-exempt since Jan 1963Publicly supported charity — 170(b)(1)(A)(vi)

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To strengthen and empower members through philanthropy and education.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 281 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $1.9M a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $4K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$371K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
+10% vs prior year
Spent
$4.7M
To programs
73%
Net assets
$47.6M
By yearFY2021–FY2025
Revenue
$6.2M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.3M
FY2022$4.8M
FY2023$4.2M
FY2024$5.7M
FY2025$6.2M
Expenses
$4.7M
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.2M
FY2022$2.4M
FY2023$2.9M
FY2024$4.8M
FY2025$4.7M
Net assets
$47.6M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2021$42.8M
FY2022$37.3M
FY2023$41.8M
FY2024$43.7M
FY2025$47.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1963.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $3.4M Management & general 13% · $584K Fundraising 15% · $680K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
Chief Exec Officer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Administrative Officer
$0Pt VII · Sec A
Chief Marketing Officer
$0Pt VII · Sec A
Chief Information Officer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Kelley Hurst’s $146K as Executive Director is at the 62nd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021
Kelley Hurst$146,208$135,803
Elizabeth Sierk Corridan$6,446$9,402

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Kappa Alpha Theta Foundation executive salaries →

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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 15aYes

Programs and updates

Empowers members through philanthropy and education.

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Provided by the organization

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3 programs · $3.4M · in their own filed words · FY2024
01

Grants to individuals or organizations for educational and leadership training programs.

$1.2Mprogram expense
02

Philanthropic grants to organizations supporting those with special needs.

$1.1Mprogram expense
03

Scholarships to kappa alpha theta fraternity alumnae and collegians.

$1.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$4K
See all 3 funders →
Grants paid · 140 grants · $10.3M · 2020–2024
Unitemized GrantFY2024$945,275
Kappa Alpha Theta FraternityIN · FY2024$487,603
Voices for Children INCCO · FY2024$86,424
Unitemized GrantFY2024$47,091
Casa of the South Plains INCTX · FY2024$40,778
Kids Voice of Indiana INCIN · FY2024$37,610
Casa of Tarrant County INCTX · FY2024$36,127
Dane County CasaFY2024$26,158
Heart of Missouri CasaMO · FY2024$23,310
Guardian Foundation INCFL · FY2024$21,947
See all 140 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$2.5M
Money outPt IX
$4.7M
Ln 25
Programscol B$3.4M
Managementcol C$584K
Fundraisingcol D$680K
Owns and owesPt X
$47.6M
net assets · Ln 32
Cash and savingsLn 1–2$536K
Total assetsLn 16$47.9M
LiabilitiesLn 26$371K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Noncash giftsLn 1g$121K
Investment incomeLn 3$2.5M
Gains on assetsLn 7$1.1M
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$536K
Cash and savings togetherLn 1–2$536K
InvestmentsLn 11–13$46.4M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$375K
Total assetsLn 16$47.9M
LiabilitiesLn 26$371K
Net assetsLn 32$47.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6281
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$236K$536K
InvestmentsLn 11–13$42.6M$46.4M
Land, buildings, equipmentLn 10c$7K$2K
Total assetsLn 16$44.1M$47.9M
LiabilitiesLn 26$358K$371K
Net assetsLn 32$43.7M$47.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Grants to domestic individualsLn 2$992K$992K
Grants and assistance to foreign recipientsLn 3$51K$51K
Pay of current officers, directors and key staffLn 5$213K$25K$95K$93K
Other salaries and wagesLn 7$586K$117K$155K$314K
Pension plan contributionsLn 8$46K$6K$16K$24K
Other employee benefitsLn 9$87K$22K$15K$50K
Payroll taxesLn 10$57K$10K$17K$29K
Legal feesLn 11b$5K$3K$2K
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$72K$72K
Other fees for servicesLn 11g$39K$39K
Advertising and promotionLn 12$800$800
Office expensesLn 13$2K$2K
Information technologyLn 14$25K$9K$1K$15K
OccupancyLn 16$81K$81K
Conferences, conventions and meetingsLn 19$77K$865$64K$12K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$75K$712$25K$49K
All other expensesLn 24e$63K$2K$7K$53K
Total functional expensesLn 25$4.7M$3.4M$584K$680K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.2M$4.7M$1.6M$47.6M 990 PDF
FY2024 $5.7M$4.8M$887K$43.7M 990 PDF
FY2023 $4.2M$2.9M$1.3M$41.8M 990 PDF
FY2022 $4.8M$2.4M$2.4M$37.3M 990 PDF
FY2021 $5.3M$2.2M$3.1M$42.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $6,245,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,567,290$3,748,978
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,094,021$2,496,286
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,661,311$6,245,264
I-13 Grants and similar amounts paidPrior year $3,447,386$3,206,261
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $915,250$989,145
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $411,920$472,927
I-18 Total expensesPrior year $4,774,556$4,668,333
I-19 Revenue less expensesPrior year $886,755$1,576,931
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,245,264 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,748,978
VIII-1g Noncash contributions (included above)$121,412
VIII-1h Total contributions, gifts and grants$3,748,978
VIII-3 Investment incomeExcluded from tax $1,356,568$1,356,568
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,139,718$1,139,718
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,496,286$6,245,264
Part IX · Statement of functional expenses $4,668,333 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $2,163,070$2,163,070
IX-2 Grants to domestic individualsPrograms $992,366$992,366
IX-3 Grants and assistance to foreign recipientsPrograms $50,825$50,825
IX-5 Pay of current officers, directors and key staffPrograms $25,257 · Management $95,216 · Fundraising $92,670$213,143
IX-7 Other salaries and wagesPrograms $117,221 · Management $154,700 · Fundraising $314,274$586,195
IX-8 Pension plan contributionsPrograms $6,386 · Management $15,675 · Fundraising $24,339$46,400
IX-9 Other employee benefitsPrograms $21,930 · Management $14,792 · Fundraising $50,023$86,745
IX-10 Payroll taxesPrograms $10,468 · Management $16,729 · Fundraising $29,465$56,662
IX-11b Legal feesPrograms $3,209 · Management $1,602$4,811
IX-11c Accounting feesManagement $27,225$27,225
IX-11f Investment management feesManagement $71,983$71,983
IX-11g Other fees for servicesFundraising $39,251$39,251
IX-12 Advertising and promotionPrograms $800$800
IX-13 Office expensesManagement $2,339$2,339
IX-14 Information technologyPrograms $9,211 · Management $1,039 · Fundraising $14,566$24,816
IX-16 OccupancyManagement $80,655$80,655
IX-19 Conferences, conventions and meetingsPrograms $865 · Management $63,627 · Fundraising $12,163$76,655
IX-22 Depreciation, depletion and amortizationManagement $4,677$4,677
IX-23 InsuranceManagement $1,150$1,150
IX-24 Other expenses (24a–d)Programs $712 · Management $25,469 · Fundraising $49,283$75,464
IX-24e All other expensesPrograms $2,247 · Management $7,387 · Fundraising $53,467$63,101
IX-25 Total functional expensesPrograms $3,404,567 · Management $584,265 · Fundraising $679,501$4,668,333
Part X · Balance sheet $47,948,444 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $236,488$535,680
X-3 Pledges and grants receivableStart of year $371,079$577,707
X-4 Accounts receivableStart of year $184,378$60,446
X-9 Prepaid expenses and deferred chargesStart of year $36,438$37,381
X-10c Land, buildings and equipment, netStart of year $7,061$2,384
X-11 Publicly traded securitiesStart of year $31,583,388$33,774,812
X-12 Other securitiesStart of year $11,041,339$12,584,592
X-15 Other assetsStart of year $642,198$375,442
X-16 Total assetsStart of year $44,102,369$47,948,444
X-17 Accounts payable and accrued expensesStart of year $211,639$244,797
X-18 Grants payableStart of year $145,926$126,498
X-25 Other liabilitiesStart of year $644$0
X-26 Total liabilitiesStart of year $358,209$371,295
X-27 Net assets without donor restrictionsStart of year $18,509,525$20,455,954
X-28 Net assets with donor restrictionsStart of year $25,234,635$27,121,195
X-32 Total net assets or fund balancesStart of year $43,744,160$47,577,149
X-33 Total liabilities and net assetsStart of year $44,102,369$47,948,444
Part XI · Reconciliation of net assets $47,577,149 net assets at year end
XI-1 Total revenue$6,245,264
XI-2 Total expenses$4,668,333
XI-3 Revenue less expenses$1,576,931
XI-4 Net assets at start of year$43,744,160
XI-5 Net unrealized gains (losses) on investments$2,533,612
XI-9 Other changes in net assets−$277,554
XI-10 Net assets at end of year$47,577,149

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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