Kappa Alpha Psi Fraternity INC: Nonprofit Profile, Financials & Form 990 (EIN 52-1647659)

Revenue by fiscal year
FY2021	$74K
FY2022	$255K
FY2023	$207K
FY2024	$192K

Expenses by fiscal year
FY2021	Not on file
FY2022	$140K
FY2023	$126K
FY2024	$194K

Net assets by fiscal year
FY2021	$24K
FY2022	$115K
FY2023	$196K
FY2024	$242K

Is it real?

Yes. Exemption reinstated (2011-02-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2011.

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

Where the money goes

29 cents of each dollar spent went to programs.

29%

57%

14%

Program services 29% · $57K Management & general 57% · $110K Fundraising 14% · $27K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

—

$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

Fosters brotherhood and community service through engaging programs and activities.

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Provided by the organization

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1 program · $57K · in their own filed words · FY2023

01

Mission and charitable support.

$57Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$192K

Ln 12

Gifts and grantsLn 1h$138K

Other incomeLn 4–11$35K

Investment incomeLn 3$10K

Money outPt IX

$194K

Ln 25

Programscol B$57K

Managementcol C$110K

Fundraisingcol D$27K

Owns and owesPt X

$242K

net assets · Ln 32

Cash and savingsLn 1–2$242K

Total assetsLn 16$242K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a232

IndependentVI 1b232

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$138K

Fundraising eventsLn 1c$39K

Fees for servicesLn 2g$9K

Investment incomeLn 3$10K

Other incomeLn 4–11$35K

Total revenueLn 12$192K

Assets in detailPt X, end of year

CashLn 1$242K

Cash and savings togetherLn 1–2$242K

Total assetsLn 16$242K

LiabilitiesLn 26$0

Net assetsLn 32$242K

OperationsPt I, VI

EmployeesI 50

VolunteersI 6175

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$243K	$242K
Total assetsLn 16	$243K	$242K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$243K	$242K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$550	$0	$550	$0
Information technologyLn 14	$3K	$0	$3K	$0
OccupancyLn 16	$1K	$0	$1K	$0
Conferences, conventions and meetingsLn 19	$8K	$0	$8K	$0
Other expenses (24a–d)Ln 24	$43K	$0	$43K	$0
All other expensesLn 24e	$138K	$57K	$54K	$27K
Total functional expensesLn 25	$194K	$57K	$110K	$27K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$192K	$194K	−$2K	$242K	990 PDF
FY2023	$207K	$126K	$81K	$196K	990 PDF
FY2022	$255K	$140K	$115K	$115K	990 PDF
FY2021	$74K			$24K	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 FY2024 990 (6 parts)

Part I · Summary $191,922 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $145,024$138,219

I-9 Program service revenuePrior year $57,399$9,031

I-10 Investment incomePrior year $4,640$9,985

I-11 Other revenuePrior year $0$34,687

I-12 Total revenuePrior year $207,063$191,922

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $126,098$193,722

I-18 Total expensesPrior year $126,098$193,722

I-19 Revenue less expensesPrior year $80,965−$1,800

Part VI · Governance 232 of 232 board members independent, 2 to look at

VI-1a Voting members of the governing body232

VI-1b Independent voting members232

VI-12a Written conflict of interest policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $191,922 across 8 lines filed

VIII-1b Membership dues$81,000

VIII-1c Fundraising events$38,701

VIII-1f All other contributions, gifts and grants$18,518

VIII-1h Total contributions, gifts and grants$138,219

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$9,031

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$9,985

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34,687 · Unrelated business $0 · Excluded from tax $0$34,687

VIII-12 Total revenueRelated to mission $53,703 · Unrelated business $0 · Excluded from tax $0$191,922

Part IX · Statement of functional expenses $193,722 across 6 lines filed

IX-11c Accounting feesPrograms $0 · Management $550 · Fundraising $0$550

IX-14 Information technologyPrograms $0 · Management $3,317 · Fundraising $0$3,317

IX-16 OccupancyPrograms $0 · Management $1,244 · Fundraising $0$1,244

IX-19 Conferences, conventions and meetingsPrograms $0 · Management $7,544 · Fundraising $0$7,544

IX-24 Other expenses (24a–d)Programs $0 · Management $43,380 · Fundraising $0$43,380

IX-24e All other expensesPrograms $56,752 · Management $54,350 · Fundraising $26,585$137,687

IX-25 Total functional expensesPrograms $56,752 · Management $110,385 · Fundraising $26,585$193,722

Part X · Balance sheet $241,646 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $243,446$241,646

X-16 Total assetsStart of year $243,446$241,646

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $243,446$238,696

X-28 Net assets with donor restrictions$2,950

X-32 Total net assets or fund balancesStart of year $243,446$241,646

X-33 Total liabilities and net assetsStart of year $243,446$241,646

Part XI · Reconciliation of net assets $241,646 net assets at year end

XI-1 Total revenue$191,922

XI-2 Total expenses$193,722

XI-3 Revenue less expenses−$1,800

XI-4 Net assets at start of year$243,446

XI-10 Net assets at end of year$241,646

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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