Kappa Alpha Educational Foundation FY2020 filing

Wilmington, DEUnknown exempt organizationSince 1960 EIN 51-0345522Revenue $88K in FY2020Latest return filed May 11, 2026

On file with the IRSkaef.orgWilmington, DE

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Provide affordable housing to approximately 20 University of Delaware undergraduate students working towards a degree.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 51-0345522) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $50K a year · 35% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
0.9 mo
of spending, in cash
0.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$372K
59% of total assets
Liabilities are 59% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$88K
Spent
$104K
To programs
100%
Net assets
$253K
By yearFY2020–FY2025
Revenue
$88K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$88K
FY2021$99K
FY2022$110K
FY2023$153K
FY2024$218K
FY2025$198K
Expenses
$104K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$104K
FY2021$81K
FY2022$76K
FY2023$78K
FY2024$107K
FY2025$119K
Net assets
$253K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$253K
FY2021$271K
FY2022$305K
FY2023$381K
FY2024$493K
FY2025$571K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $104K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation
President & Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Kappa Alpha Educational Foundation 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

Provides affordable housing for University of Delaware students pursuing undergraduate degrees.

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1 program · $104K · in their own filed words · FY2020
01

Provide affordable housing to approximately 20 University of Delaware undergraduate students working towards a degree.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 51-0345522) · Dispute this line
$104Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Fees for servicesLn 2g$88K
Money outPt IX
$104K
Ln 25
Programscol B$104K
Owns and owesPt X
$253K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$625K
LiabilitiesLn 26$372K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$88K
Total revenueLn 12$88K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$615K
Intangible assetsLn 14$2K
Total assetsLn 16$625K
LiabilitiesLn 26$372K
Net assetsLn 32$253K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$23K$8K
Land, buildings, equipmentLn 10c$632K$615K
Total assetsLn 16$657K$625K
LiabilitiesLn 26$388K$372K
Net assetsLn 32$269K$253K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$2K$2K
Conferences, conventions and meetingsLn 19$65$65
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$30K$30K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$104K$104K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $198K$119K$78K$571K 990 PDF
FY2024Filed with the IRS Nov 14, 2025 $218K$107K$112K$493K 990 PDF
FY2023Filed with the IRS May 10, 2024 $153K$78K$76K$381K 990 PDF
FY2022Filed with the IRS May 12, 2023 $110K$76K$34K$305K 990 PDF
FY2021Filed with the IRS Jul 11, 2022 $99K$81K$18K$271K 990 PDF
FY2020 ViewingFiled with the IRS Apr 15, 2021 $88K$104K−$16K$253K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $87,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $65,686$87,830
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $65,686$87,830
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 $101,442$103,575
I-18 Total expensesPrior year $101,442$103,575
I-19 Revenue less expensesPrior year −$35,756−$15,745
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $87,830 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,830$87,830
VIII-12 Total revenueRelated to mission $87,830 · Unrelated business $0 · Excluded from tax $0$87,830
Part IX · Statement of functional expenses $103,575 across 8 lines filed
IX-11b Legal feesPrograms $30,370$30,370
IX-11c Accounting feesPrograms $1,990$1,990
IX-19 Conferences, conventions and meetingsPrograms $65$65
IX-20 InterestPrograms $17,191$17,191
IX-22 Depreciation, depletion and amortizationPrograms $16,895$16,895
IX-23 InsurancePrograms $5,026$5,026
IX-24 Other expenses (24a–d)Programs $30,371$30,371
IX-24e All other expensesPrograms $1,667$1,667
IX-25 Total functional expensesPrograms $103,575 · Management $0 · Fundraising $0$103,575
Part X · Balance sheet $625,087 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $23,148$8,088
X-10c Land, buildings and equipment, netStart of year $631,683$615,146
X-14 Intangible assetsStart of year $2,211$1,853
X-16 Total assetsStart of year $657,042$625,087
X-23 Secured mortgages and notes payableStart of year $382,765$371,797
X-25 Other liabilitiesStart of year $5,242$0
X-26 Total liabilitiesStart of year $388,007$371,797
X-27 Net assets without donor restrictionsStart of year $269,035$253,290
X-32 Total net assets or fund balancesStart of year $269,035$253,290
X-33 Total liabilities and net assetsStart of year $657,042$625,087
Part XI · Reconciliation of net assets $253,290 net assets at year end
XI-1 Total revenue$87,830
XI-2 Total expenses$103,575
XI-3 Revenue less expenses−$15,745
XI-4 Net assets at start of year$269,035
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$253,290

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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