Kappa Alpha Order Psi Chapter FY2024 filing

Not tax-deductible

New Orleans, LA501(c)(7)Since 1865EIN 72-0515460

Collegiate social fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$202K
-5% vs prior year
Spent
$203K
Net assets
$8K
By yearFY2021–FY2024
Revenue
$202K
FY2024▼ -5%
Revenue by fiscal year
FY2021$148K
FY2022$151K
FY2023$212K
FY2024$202K
FY2024$245K
Expenses
$203K
FY2024▼ -10%
Expenses by fiscal year
FY2021$134K
FY2022$144K
FY2023$225K
FY2024$203K
FY2024$245K
Net assets
$8K
FY2024▼ -12%
Net assets by fiscal year
FY2021$14K
FY2022$21K
FY2023$9K
FY2024$8K
FY2024$8K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1940.

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

Who runs it and what they're paid

9 people 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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kappa Alpha Order Psi Chapter 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

Kappa Alpha Order Psi Chapter is a member-serving organization based in New Orleans, LA, formed in 1865.

Provided by the organization

This section is blank until Kappa Alpha Order Psi Chapter claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

Collegiate social fraternity

Pt IX · col B

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$202K
Ln 12
Fees for servicesLn 2g$156K
Gifts and grantsLn 1h$46K
Other incomeLn 4–11$148
Money outPt IX
$203K
Ln 25
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Fees for servicesLn 2g$156K
Other incomeLn 4–11$148
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
Net assetsLn 32$8K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$9K$8K
Total assetsLn 16$9K$8K
LiabilitiesLn 26$0$0
Net assetsLn 32$9K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$10K
OccupancyLn 16$84K
Payments to affiliatesLn 21$36K
Other expenses (24a–d)Ln 24$73K
Total functional expensesLn 25$203K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $202K$203K−$1K$8K 990 PDF
FY2023 $212K$225K−$13K$9K 990 PDF
FY2022 $151K$144K$7K$21K 990 PDF
FY2021 $148K$134K$14K$14K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $202,411 across 4 lines filed
Lines not itemized here account for $148 of total revenue; see the IRS return.
VIII-1d Related organizations$45,830
VIII-1h Total contributions, gifts and grants$45,830
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,433$156,433
VIII-12 Total revenueRelated to mission $156,581 · Unrelated business $0 · Excluded from tax $0$202,411
Part IX · Statement of functional expenses $203,473 across 4 lines filed
IX-11g Other fees for services$10,195
IX-16 Occupancy$84,000
IX-21 Payments to affiliates$36,235
IX-24 Other expenses (24a–d)$73,043
IX-25 Total functional expenses$203,473
Part X · Balance sheet $7,593 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $8,655$7,593
X-16 Total assetsStart of year $8,655$7,593
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $8,655$7,593
X-32 Total net assets or fund balancesStart of year $8,655$7,593
X-33 Total liabilities and net assetsStart of year $8,655$7,593
Part XI · Reconciliation of net assets $7,593 net assets at year end
XI-1 Total revenue$202,411
XI-2 Total expenses$203,473
XI-3 Revenue less expenses−$1,062
XI-4 Net assets at start of year$8,655
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,593

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

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