Kappa Alpha Order Educational Foundation FY2024 filing

Tax-deductible

Lexington, VA501(c)(3)EducationEIN 75-1783690Revenue $2.6M in FY2024

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.
52¢ of each $1 spent went to programs.
$225K 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

FY2024 · 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
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$225K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 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
$475K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+21% vs prior year
Spent
$2.3M
To programs
52%
Net assets
$14.0M
By yearFY2020–FY2025
Revenue
$2.6M
FY2024▲ +21%
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
$2.3M
FY2024▲ +12%
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
$14.0M
FY2024▲ +11%
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 FY2024 Form 990 (year ending June 2024) · 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

52 cents of each dollar spent went to programs.

Program services 52% · $1.2M Management & general 20% · $458K Fundraising 29% · $666K

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

22 people listed on the 990; $225K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$225,125Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Knight Commander
$0Pt VII · Sec A
Treasurer
$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

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.

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Provided by the organization

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3 programs · $461K · in their own filed words · FY2023
01

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.

$285Kprogram expense
02

Scholarship awards for 143 students were made in the fiscal year ended june 30, 2024. 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.

$159Kprogram 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.

$17Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$380K
Other incomeLn 4–11$155K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.2M
Managementcol C$458K
Fundraisingcol D$666K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$204K
Total assetsLn 16$14.5M
LiabilitiesLn 26$475K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Noncash giftsLn 1g$28K
Investment incomeLn 3$380K
Other incomeLn 4–11$155K
Gains on assetsLn 7$112K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$189K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$204K
InvestmentsLn 11–13$11.7M
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$215K
Total assetsLn 16$14.5M
LiabilitiesLn 26$475K
Net assetsLn 32$14.0M
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 FY24End FY24
Cash and savingsLn 1–2$244K$204K
InvestmentsLn 11–13$10.4M$11.7M
Land, buildings, equipmentLn 10c$2.4M$2.2M
Total assetsLn 16$13.4M$14.5M
LiabilitiesLn 26$708K$475K
Net assetsLn 32$12.7M$14.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$397K$397K
Grants to domestic individualsLn 2$140K$140K
Pay of current officers, directors and key staffLn 5$225K$129K$48K$48K
Other salaries and wagesLn 7$403K$233K$85K$85K
Pension plan contributionsLn 8$20K$11K$4K$4K
Other employee benefitsLn 9$30K$17K$6K$6K
Payroll taxesLn 10$29K$17K$6K$6K
Management feesLn 11a$9K$5K$2K$2K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$73K$73K
Other fees for servicesLn 11g$42K$8K$34K
Office expensesLn 13$34K$454$9K$24K
Information technologyLn 14$340K$18K$20K$302K
OccupancyLn 16$93K$39K$39K$16K
TravelLn 17$65K$3K$3K$59K
Conferences, conventions and meetingsLn 19$76K$35K$27K$14K
InterestLn 20$19K$19K
Depreciation, depletion and amortizationLn 22$145K$60K$62K$24K
InsuranceLn 23$28K$12K$11K$5K
Other expenses (24a–d)Ln 24$117K$77K$26K$15K
All other expensesLn 24e$9K$2K$2K$4K
Total functional expensesLn 25$2.3M$1.2M$458K$666K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$3.2M$2.0M$16.1M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,573,708 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,149,686$2,039,002
I-9 Program service revenuePrior year $3,382$0
I-10 Investment incomePrior year −$190,029$380,190
I-11 Other revenuePrior year $167,877$154,516
I-12 Total revenuePrior year $2,130,916$2,573,708
I-13 Grants and similar amounts paidPrior year $460,075$536,943
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $684,296$706,842
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $930,050$1,076,872
I-18 Total expensesPrior year $2,074,421$2,320,657
I-19 Revenue less expensesPrior year $56,495$253,051
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $2,573,708 across 9 lines filed
VIII-1f All other contributions, gifts and grants$2,039,002
VIII-1g Noncash contributions (included above)$27,904
VIII-1h Total contributions, gifts and grants$2,039,002
VIII-3 Investment incomeExcluded from tax $268,211$268,211
VIII-6 Net rental income or lossExcluded from tax $90,000$90,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $111,979$111,979
VIII-8 Net income from fundraising eventsExcluded from tax $63,519$63,519
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $997$997
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $534,706$2,573,708
Part IX · Statement of functional expenses $2,320,657 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $396,621$396,621
IX-2 Grants to domestic individualsPrograms $140,322$140,322
IX-5 Pay of current officers, directors and key staffPrograms $128,546 · Management $48,402 · Fundraising $48,177$225,125
IX-7 Other salaries and wagesPrograms $232,984 · Management $85,023 · Fundraising $84,677$402,684
IX-8 Pension plan contributionsPrograms $11,498 · Management $4,163 · Fundraising $4,163$19,824
IX-9 Other employee benefitsPrograms $17,450 · Management $6,318 · Fundraising $6,318$30,086
IX-10 Payroll taxesPrograms $16,891 · Management $6,116 · Fundraising $6,116$29,123
IX-11a Management feesPrograms $5,356 · Management $1,939 · Fundraising $1,939$9,234
IX-11b Legal feesManagement $7,202$7,202
IX-11c Accounting feesManagement $19,500$19,500
IX-11f Investment management feesManagement $73,046$73,046
IX-11g Other fees for servicesManagement $7,975 · Fundraising $33,705$41,680
IX-13 Office expensesPrograms $454 · Management $9,167 · Fundraising $24,011$33,632
IX-14 Information technologyPrograms $18,217 · Management $19,531 · Fundraising $302,184$339,932
IX-16 OccupancyPrograms $38,847 · Management $38,638 · Fundraising $15,537$93,022
IX-17 TravelPrograms $3,380 · Management $3,116 · Fundraising $58,803$65,299
IX-19 Conferences, conventions and meetingsPrograms $34,898 · Management $27,066 · Fundraising $13,893$75,857
IX-20 InterestFundraising $19,127$19,127
IX-22 Depreciation, depletion and amortizationPrograms $59,667 · Management $61,554 · Fundraising $23,954$145,175
IX-23 InsurancePrograms $12,042 · Management $11,254 · Fundraising $4,766$28,062
IX-24 Other expenses (24a–d)Programs $76,680 · Management $25,758 · Fundraising $14,641$117,079
IX-24e All other expensesPrograms $2,275 · Management $2,438 · Fundraising $4,312$9,025
IX-25 Total functional expensesPrograms $1,196,128 · Management $458,206 · Fundraising $666,323$2,320,657
Part X · Balance sheet $14,511,321 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $228,332$188,638
X-2 Savings and temporary cash investmentsStart of year $15,369$15,371
X-3 Pledges and grants receivableStart of year $110,708$61,077
X-9 Prepaid expenses and deferred chargesStart of year $69,865$50,546
X-10c Land, buildings and equipment, netStart of year $2,384,036$2,238,861
X-11 Publicly traded securitiesStart of year $10,385,690$11,741,522
X-15 Other assetsStart of year $171,043$215,306
X-16 Total assetsStart of year $13,365,043$14,511,321
X-17 Accounts payable and accrued expensesStart of year $37,377$12,195
X-25 Other liabilitiesStart of year $670,797$463,156
X-26 Total liabilitiesStart of year $708,174$475,351
X-27 Net assets without donor restrictionsStart of year $3,499,031$3,252,482
X-28 Net assets with donor restrictionsStart of year $9,157,838$10,783,488
X-32 Total net assets or fund balancesStart of year $12,656,869$14,035,970
X-33 Total liabilities and net assetsStart of year $13,365,043$14,511,321
Part XI · Reconciliation of net assets $14,035,970 net assets at year end
XI-1 Total revenue$2,573,708
XI-2 Total expenses$2,320,657
XI-3 Revenue less expenses$253,051
XI-4 Net assets at start of year$12,656,869
XI-5 Net unrealized gains (losses) on investments$1,126,050
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,035,970

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

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