Kappa Alpha Order Educational Foundation FY2020 filing

Tax-deductible

Lexington, VA501(c)(3)EducationEIN 75-1783690Revenue $1.8M in FY2020

On file with the IRSkaoef.orgPo Box 1865, 24450-0306 · Lexington, VATax-exempt since Feb 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Educational program support for Kappa Alpha Order

501(c)(3) charity; gifts are tax-deductible.
36¢ of each $1 spent went to programs.
$130K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $946K a year · 30% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$585K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.6M
To programs
36%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$4.1M
FY2022$2.9M
FY2023$2.1M
FY2024$2.6M
FY2025$5.2M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$2.0M
FY2023$2.1M
FY2024$2.3M
FY2025$3.2M
Net assets
$9.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$12.9M
FY2022$11.7M
FY2023$12.7M
FY2024$14.0M
FY2025$16.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1982.

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

Where the money goes

36 cents of each dollar spent went to programs.

Program services 36% · $583K Management & general 21% · $346K Fundraising 43% · $706K

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

21 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$130,459Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Knight Commander
$0Pt VII · Sec A
Life Trustee
$0Pt VII · Sec A
Life Trustee
$0Pt VII · Sec A
Life Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Larry S Wiese’s $217K as President is at the 86th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Larry S Wiese$217,325$225,125$195,023$186,279$143,832$130,459

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Kappa Alpha Order Educational Foundation 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 15aYes

Programs and updates

Provides educational program support for Kappa Alpha Order.

Provided by the organization

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3 programs · $183K · in their own filed words · FY2019
01

Scholarship awards for 57 students were made in the fiscal year ended june 30, 2020. Scholarship recipients complete applications that include a statement of need, personal recommendations, transcripts, photos and other material. The applications are screened by a committee of foundation trustees.

$118Kprogram expense
02

The foundation provides grants to kappa alpha order for educational programs. "the crusade" places emphasis on academic excellence, team building and leadership. The number I's leadership institute is an intensive informational and educational retreat for each ka chapter's highest officer.

$51Kprogram expense
03

Grants are made for chapter support for scholarship activities and educational area facility construction. Any substantial construction programs are based on extensive contracts and documentation of the qualifying educational purposes of the facilities.

$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$14K
Grants paid · 20 grants · $3.0M · 2019–2024
Kappa Alpha OrderVA · FY2024$404,250
Unitemized GrantFY2024$148,650
Kappa Alpha OrderVA · FY2023$285,000
Unitemized GrantFY2023$123,425
Kappa Alpha OrderVA · FY2022$250,000
Unitemized GrantFY2022$104,950
Unitemized GrantFY2022$17,525
Kappa Alpha OrderVA · FY2021$150,457
Unitemized GrantFY2021$96,210
Unitemized GrantFY2021$21,906
Kappa Alpha OrderVA · FY2020$205,000
Unitemized GrantFY2020$92,035
Unitemized GrantFY2020$33,100
Unitemized GrantFY2020$28,800
Unitemized GrantFY2020$5,000
Unitemized GrantFY2019$90,391
See all 20 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$177K
Other incomeLn 4–11$139K
Money outPt IX
$1.6M
Ln 25
Programscol B$583K
Managementcol C$346K
Fundraisingcol D$706K
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$10.1M
LiabilitiesLn 26$585K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$8K
Fees for servicesLn 2g$13K
Investment incomeLn 3$177K
Other incomeLn 4–11$139K
Gains on assetsLn 7−$17K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$142K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$157K
InvestmentsLn 11–13$7.1M
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$174K
Total assetsLn 16$10.1M
LiabilitiesLn 26$585K
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$107K$157K
InvestmentsLn 11–13$7.0M$7.1M
Land, buildings, equipmentLn 10c$2.3M$2.3M
Total assetsLn 16$10.0M$10.1M
LiabilitiesLn 26$507K$585K
Net assetsLn 32$9.5M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Grants to domestic individualsLn 2$138K$138K
Pay of disqualified personsLn 6$130K$52K$31K$47K
Other salaries and wagesLn 7$373K$155K$85K$132K
Pension plan contributionsLn 8$17K$7K$4K$6K
Other employee benefitsLn 9$24K$10K$6K$9K
Payroll taxesLn 10$27K$11K$6K$10K
Management feesLn 11a$2K$782$430$664
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$16K$250$16K
Office expensesLn 13$27K$40$15K$13K
Information technologyLn 14$317K$7K$11K$299K
OccupancyLn 16$82K$25K$32K$25K
TravelLn 17$59K$4K$54K
Conferences, conventions and meetingsLn 19$40K$25K$7K$8K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$120K$36K$49K$35K
InsuranceLn 23$24K$7K$9K$7K
Other expenses (24a–d)Ln 24$87K$42K$20K$26K
All other expensesLn 24e$3K$584$1K$2K
Total functional expensesLn 25$1.6M$583K$346K$706K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$3.2M$2.0M$16.1M 990 PDF
FY2024 $2.6M$2.3M$253K$14.0M 990 PDF
FY2023 $2.1M$2.1M$56K$12.7M 990 PDF
FY2022 $2.9M$2.0M$870K$11.7M 990 PDF
FY2021 $4.1M$1.8M$2.3M$12.9M 990 PDF
FY2020 Viewing $1.8M$1.6M$151K$9.5M 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 FY2020 990 (6 parts)
Part I · Summary $1,786,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,144,387$1,456,463
I-9 Program service revenuePrior year $28,895$13,149
I-10 Investment incomePrior year $366,103$177,267
I-11 Other revenuePrior year $99,132$139,486
I-12 Total revenuePrior year $1,638,517$1,786,365
I-13 Grants and similar amounts paidPrior year $231,453$203,591
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $573,846$571,503
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $808,864$860,442
I-18 Total expensesPrior year $1,614,163$1,635,536
I-19 Revenue less expensesPrior year $24,354$150,829
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,786,365 across 10 lines filed
VIII-1f All other contributions, gifts and grants$1,456,463
VIII-1g Noncash contributions (included above)$8,117
VIII-1h Total contributions, gifts and grants$1,456,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,149$13,149
VIII-3 Investment incomeExcluded from tax $194,095$194,095
VIII-6 Net rental income or lossExcluded from tax $49,390$49,390
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$16,828−$16,828
VIII-8 Net income from fundraising eventsExcluded from tax $88,254$88,254
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,842$1,842
VIII-12 Total revenueRelated to mission $13,149 · Unrelated business $0 · Excluded from tax $316,753$1,786,365
Part IX · Statement of functional expenses $1,635,536 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $65,200$65,200
IX-2 Grants to domestic individualsPrograms $138,391$138,391
IX-6 Pay of disqualified personsPrograms $52,314 · Management $30,658 · Fundraising $47,487$130,459
IX-7 Other salaries and wagesPrograms $155,026 · Management $85,428 · Fundraising $132,266$372,720
IX-8 Pension plan contributionsPrograms $7,151 · Management $3,927 · Fundraising $6,071$17,149
IX-9 Other employee benefitsPrograms $10,113 · Management $5,554 · Fundraising $8,585$24,252
IX-10 Payroll taxesPrograms $11,227 · Management $6,165 · Fundraising $9,531$26,923
IX-11a Management feesPrograms $782 · Management $430 · Fundraising $664$1,876
IX-11b Legal feesManagement $14,729$14,729
IX-11c Accounting feesManagement $19,505$19,505
IX-11f Investment management feesManagement $31,187$31,187
IX-11g Other fees for servicesManagement $250 · Fundraising $16,243$16,493
IX-13 Office expensesPrograms $40 · Management $14,610 · Fundraising $12,779$27,429
IX-14 Information technologyPrograms $7,466 · Management $11,080 · Fundraising $298,809$317,355
IX-16 OccupancyPrograms $25,302 · Management $32,116 · Fundraising $24,927$82,345
IX-17 TravelManagement $4,276 · Fundraising $54,226$58,502
IX-19 Conferences, conventions and meetingsPrograms $24,762 · Management $7,426 · Fundraising $7,715$39,903
IX-20 InterestFundraising $17,196$17,196
IX-22 Depreciation, depletion and amortizationPrograms $35,517 · Management $48,671 · Fundraising $35,397$119,585
IX-23 InsurancePrograms $7,264 · Management $9,234 · Fundraising $7,110$23,608
IX-24 Other expenses (24a–d)Programs $41,851 · Management $19,976 · Fundraising $25,533$87,360
IX-24e All other expensesPrograms $584 · Management $1,267 · Fundraising $1,518$3,369
IX-25 Total functional expensesPrograms $582,990 · Management $346,489 · Fundraising $706,057$1,635,536
Part X · Balance sheet $10,123,297 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $91,881$141,877
X-2 Savings and temporary cash investmentsStart of year $15,355$15,361
X-3 Pledges and grants receivableStart of year $324,476$332,876
X-8 Inventories for sale or useStart of year $9,260$20,749
X-9 Prepaid expenses and deferred chargesStart of year $62,962$29,375
X-10c Land, buildings and equipment, netStart of year $2,338,545$2,261,162
X-11 Publicly traded securitiesStart of year $6,978,263$7,127,422
X-13 Program-related investmentsStart of year $20,002$20,002
X-15 Other assetsStart of year $123,551$174,473
X-16 Total assetsStart of year $9,964,295$10,123,297
X-17 Accounts payable and accrued expensesStart of year $4,086$3,479
X-24 Unsecured notes and loans payable$75,814
X-25 Other liabilitiesStart of year $503,076$505,536
X-26 Total liabilitiesStart of year $507,162$584,829
X-27 Net assets without donor restrictionsStart of year $1,667,032$1,562,167
X-28 Net assets with donor restrictionsStart of year $7,790,101$7,976,301
X-32 Total net assets or fund balancesStart of year $9,457,133$9,538,468
X-33 Total liabilities and net assetsStart of year $9,964,295$10,123,297
Part XI · Reconciliation of net assets $9,538,468 net assets at year end
XI-1 Total revenue$1,786,365
XI-2 Total expenses$1,635,536
XI-3 Revenue less expenses$150,829
XI-4 Net assets at start of year$9,457,133
XI-5 Net unrealized gains (losses) on investments−$69,494
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,538,468

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

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