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Kappa Charitable Trust Fund INC

Tax-deductible

Raleigh, NC501(c)(3)Since 1985EducationEIN 56-2063057Revenue $211K in FY2025

On file with the IRSPo Box 10652, 27605-0652 · Raleigh, NCTax-exempt since Jun 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Scholarship, community engagement and services

501(c)(3) charity; gifts are tax-deductible.
22¢ of each $1 spent went to programs.
Run by 150 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
3 of 6
filings with a surplus
Average surplus $4K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$86K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$211K
+109% vs prior year
Spent
$169K
To programs
22%
Net assets
$375K
By yearFY2020–FY2025
Revenue
$211K
FY2025▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$73K
FY2022$151K
FY2023$113K
FY2024$101K
FY2025$211K
Expenses
$169K
FY2025▲ +89%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$100K
FY2022$92K
FY2023$172K
FY2024$89K
FY2025$169K
Net assets
$375K
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$349K
FY2021$321K
FY2022$380K
FY2023$320K
FY2024$332K
FY2025$375K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1999.

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

Where the money goes

22 cents of each dollar spent went to programs.

Program services 22% · $37K Management & general 7% · $12K Fundraising 71% · $120K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Reginald Wright
Board Memeber
$0Pt VII · Sec A
David Byrd
Financial Secretary
$0Pt VII · Sec A
Donzell Newkirk
Vice President
$0Pt VII · Sec A
Louis Newsome
President
$0Pt VII · Sec A
Aaron Thorton
Board Member
$0Pt VII · Sec A
Michael Brown
Board Member
$0Pt VII · Sec A
Johnny Taylor
Secretary
$0Pt VII · Sec A
See Kappa Charitable Trust Fund INC 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 15aNo

Programs and updates

Provides scholarships, fosters community engagement, and offers essential services.

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Provided by the organization

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1 program · $37K · in their own filed words · FY2025
01

Annual Fundraisers and community programs supported.

$37Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$35
Total grants receivedfrom 1 funder$35

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$211K
Ln 12
Gifts and grantsLn 1h$145K
Fees for servicesLn 2g$66K
Investment incomeLn 3$394
Money outPt IX
$169K
Ln 25
Programscol B$37K
Managementcol C$12K
Fundraisingcol D$120K
Owns and owesPt X
$375K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$462K
LiabilitiesLn 26$86K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$145K
Fees for servicesLn 2g$66K
Investment incomeLn 3$394
Gains on assetsLn 7$0
Total revenueLn 12$211K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$67K
Cash and savings togetherLn 1–2$82K
Land, buildings, equipmentLn 10c$367K
Other assetsLn 15$906
Total assetsLn 16$462K
LiabilitiesLn 26$86K
Net assetsLn 32$375K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$52K$82K
Land, buildings, equipmentLn 10c$363K$367K
Total assetsLn 16$422K$462K
LiabilitiesLn 26$89K$86K
Net assetsLn 32$332K$375K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$750$750
OccupancyLn 16$32K$32K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$126K$5K$585$120K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$169K$37K$12K$120K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $211K$169K$42K$375K 990 PDF
FY2024 $101K$89K$12K$332K 990 PDF
FY2023 $113K$172K−$59K$320K 990 PDF
FY2022 $151K$92K$59K$380K 990 PDF
FY2021 $73K$100K−$27K$321K 990 PDF
FY2020 $59K$64K−$5K$349K 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 $211,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,489$144,562
I-9 Program service revenuePrior year $48,180$66,097
I-10 Investment incomePrior year $409$394
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $101,078$211,053
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,301$168,708
I-18 Total expensesPrior year $89,301$168,708
I-19 Revenue less expensesPrior year $11,777$42,345
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $211,053 across 7 lines filed
Lines not itemized here account for $1,000 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$144,562
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,097$65,097
VIII-3 Investment income$394
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $65,097 · Unrelated business $0 · Excluded from tax $0$211,053
Part IX · Statement of functional expenses $168,708 across 7 lines filed
IX-11c Accounting feesManagement $750$750
IX-16 OccupancyPrograms $31,696$31,696
IX-20 InterestManagement $6,410$6,410
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $4,025$4,025
IX-24 Other expenses (24a–d)Programs $5,031 · Management $585 · Fundraising $120,211$125,827
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $36,727 · Management $11,770 · Fundraising $120,211$168,708
Part X · Balance sheet $461,629 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $17,846$14,937
X-2 Savings and temporary cash investmentsStart of year $34,524$66,828
X-4 Accounts receivable$11,516
X-10c Land, buildings and equipment, netStart of year $363,295$367,442
X-15 Other assets$906
X-16 Total assetsStart of year $421,572$461,629
X-17 Accounts payable and accrued expensesStart of year $202$220
X-19 Deferred revenueStart of year $1,673$1,627
X-26 Total liabilitiesStart of year $89,266$86,165
X-32 Total net assets or fund balancesStart of year $332,306$375,464
X-33 Total liabilities and net assetsStart of year $421,572$461,629
Part XI · Reconciliation of net assets $375,464 net assets at year end
XI-1 Total revenue$211,053
XI-2 Total expenses$168,708
XI-3 Revenue less expenses$42,345
XI-4 Net assets at start of year$332,306
XI-8 Prior period adjustments$813
XI-10 Net assets at end of year$375,464

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

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