Alpha Phi Alpha Education Foundation INC EIN 38-6107756 Form 990 (PDF) Claim this org

Alpha Phi Alpha Education Foundation INC

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Provides scholarships, programs, and training to develop members. For fiscal year 2024 it reported $52K in revenue, $62K in expenses, and $691K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Baltimore, MD
Website
www.apa1906.net
Filings
4 on file (2020–2024)
Revenue
$52KFY2024
Expenses
$62K
Net assets
$691K
People
16
Filings
4
Updates
0
More identity details & actions ⌄
EIN  38-6107756 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF)
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Size
<$100K
What they do
Provides scholarships, programs, and training to develop members.
Leadership
Franklin Stacy JR · Midwestern Regional Vice President (ex-Officio)
Money in and out
$52K revenue, $62K expenses
Bottom line
94% program efficiency
Where the money goes · FY2024
Total revenue
$52K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
119.7mo
months of highly liquid reserves at operating expense rate▼ -62% vs prior filing year
Surplus margin
-20%
revenue over expenses, this year▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$52K
FY2024▲ +172%
Expenses
$62K
FY2024▲ +174%
Total assets
$709K
FY2024▲ +4%
Total liabilities
$18K
FY2024▲ +7%
Total revenue
$52K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$709K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlpha Phi Alpha Education Foundation INC
EINHdr · item D38-6107756
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.apa1906.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Midwestern Regional Vice President (ex-Officio)
$0Pt VII · Sec A
Midwestern Regional Assistant Vice President (ex-O
$0Pt VII · Sec A
Eastern Regional Assistant Vice President (ex-Offi
$0Pt VII · Sec A
Eastern Regional Assistant Vice President (ex-Offi
$0Pt VII · Sec A
Southwestern Regional Vice President (ex-Officio)
$0Pt VII · Sec A
General Treasurer (ex-Officio)
$0Pt VII · Sec A
Southwestern Regional Asst Vice President (ex-Offi
$0Pt VII · Sec A
Southern Regional Vice President (ex-Officio)
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $58K of program spending, described in the organization's own filed words · FY2024.
01

Go to high school to go to college

$58Kprogram expense
02

Martin luther king JR. National memorial

Pt IX · col B
03

A voteless people is a hopeless people

Pt IX · col B

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Statement of Revenue

Part VIII
Investment income$21K · 41%
Program service revenue$18K · 35%
Contributions & grants$12K · 24%
Investment income41%$21K
Program service revenue35%$18K
Contributions & grants24%$12K
Total revenueLn 12$52K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$58K
Management & general6%$4K
Total functional expensesLn 25$62K

Balance Sheet

Part X · end of year
CashLn 1$622K
Total assetsLn 16$709K
Total liabilitiesLn 26$18K
Total net assetsLn 32$691K
Months of cash on handcomputed119.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $622K · Operating expenses/yr $62K
119.7 months
Where the money goes
Program services
Program services $58K · Total expenses $62K
94%
Management & General
Management & general $4K · Total expenses $62K
6%
Fundraising
Fundraising $0 · Total expenses $62K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $12K · Total revenue $52K
24%
Government reliance
Government grants — · Total revenue $52K
Earned-income share
Program service revenue $18K · Total revenue $52K
35%
Investment reliance
Investment income $21K · Total revenue $52K
+41%
Program self-sufficiency
Program service revenue $18K · Total expenses $62K
30%
Growth & trend
Revenue growth (YoY)
This year $52K · Prior year $19K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $37K · FY2024 $52K
+9%
Net-asset trend (YoY)
End of year $691K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $52K · Expenses $62K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $709K
Net-asset ratio
Net assets $691K · Total assets $709K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $709K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Franklin Stacy JR · Reported title MIDWESTERN REGIONAL VICE PRESIDENT (EX-OFFICIO) · Highest reported compensation $0 · Total expenses $62K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $62K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 172%
Investment management fee ratio 0.6%
Legal fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$52K revenue · viewing · ⤓ 990 PDF
FY2023$19K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$126K revenue · ⤓ 990 PDF
FY2020$37K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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