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Kappa Psi Pharmaceutical Fraternity

Not tax-deductible

San Francisco, CA501(c)(7)Mutual / membership EIN 94-3174216Revenue $66K in FY2025

On file with the IRS1499 5th Ave, 94122-3806 · San Francisco, CATax-exempt since Feb 1964

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To further the advancement of the profession of pharmacy educationally, fraternally, and socially.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
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 7
filings with a surplus
Average deficit $754 a year · 2% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$129K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
+59% vs prior year
Spent
$53K
To programs
83%
Net assets
$453K
By yearFY2019–FY2025
Revenue
$66K
FY2025▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2019$60K
FY2020$16K
FY2021$23K
FY2022$28K
FY2023$52K
FY2024$41K
FY2025$66K
Expenses
$53K
FY2025▲ +106%
Tap a bar for its year
Expenses by fiscal year
FY2019$65K
FY2020$33K
FY2021$26K
FY2022$37K
FY2023$51K
FY2024$26K
FY2025$53K
Net assets
$453K
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2019$352K
FY2020$626K
FY2021$626K
FY2022$425K
FY2023$425K
FY2024$441K
FY2025$453K

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 Feb 1964.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $45K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Winnie Ng
Vice-Regent Academic
$0Pt VII · Sec A
Ashley Leong
Vice-Regent Social
$0Pt VII · Sec A
Lynn Nguyen
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Valerie Htun
Pledge Coordinator
$0Pt VII · Sec A
Tim Kein
Pledge Coordinator
$0Pt VII · Sec A
Jonathan Ramos
Rush Coordinator
$0Pt VII · Sec A
See Kappa Psi Pharmaceutical Fraternity 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

Advances pharmacy education, fellowship, and social connections.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Housing Events

The house is served as meeting and boarding rooms with living accomodations. The house is paid for entirely by the active members of the fraternity who are renting and a commercial loan from east west bank.

Pt IX · col B
02

Pledging Events

Every year our organization recruits new students to join our fraternity. Those who are interested in joining must complete our pledging process which includes activities that must be completed in order to be initiated as a brother of kappa psi.

Pt IX · col B
03

Social Events

Our fraternity conducts various social events, such as our annual banquet and spring luau. These events allow our members to network with alumni and strengthen the relationships between the brothers of our fraternity. A small fee is charged to our members to help pay for the cost of the event.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$66K
Money outPt IX
$53K
Ln 25
Programscol B$45K
Owns and owesPt X
$453K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$582K
LiabilitiesLn 26$129K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$66K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$31K
Land, buildings, equipmentLn 10c$551K
Total assetsLn 16$582K
LiabilitiesLn 26$129K
Net assetsLn 32$453K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$33K$31K
Land, buildings, equipmentLn 10c$560K$551K
Total assetsLn 16$593K$582K
LiabilitiesLn 26$152K$129K
Net assetsLn 32$441K$453K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$9K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$53K$45K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $66K$53K$12K$453K 990 PDF
FY2024 $41K$26K$15K$441K 990 PDF
FY2023 $52K$51K$684$425K 990 PDF
FY2022 $28K$37K−$9K$425K 990 PDF
FY2021 $23K$26K−$2K$626K 990 PDF
FY2020 $16K$33K−$17K$626K 990 PDF
FY2019 $60K$65K−$5K$352K 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 FY2025 990 (6 parts)
Part I · Summary $65,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $41,323$65,519
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $41,323$65,519
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,962$53,431
I-18 Total expensesPrior year $25,962$53,431
I-19 Revenue less expensesPrior year $15,361$12,088
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $65,519 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $65,519$65,519
VIII-12 Total revenueRelated to mission $0 · Unrelated business $65,519 · Excluded from tax $0$65,519
Part IX · Statement of functional expenses $53,431 across 3 lines filed
IX-20 InterestPrograms $10,588$10,588
IX-22 Depreciation, depletion and amortization$8,879
IX-24 Other expenses (24a–d)Programs $33,964$33,964
IX-25 Total functional expensesPrograms $44,552 · Management $0 · Fundraising $0$53,431
Part X · Balance sheet $581,799 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $28,733$26,593
X-2 Savings and temporary cash investmentsStart of year $4,349$4,350
X-10c Land, buildings and equipment, netStart of year $559,735$550,856
X-16 Total assetsStart of year $592,817$581,799
X-26 Total liabilitiesStart of year $152,252$129,146
X-27 Net assets without donor restrictionsStart of year $440,565$452,653
X-32 Total net assets or fund balancesStart of year $440,565$452,653
X-33 Total liabilities and net assetsStart of year $592,817$581,799
Part XI · Reconciliation of net assets $452,653 net assets at year end
XI-1 Total revenue$65,519
XI-2 Total expenses$53,431
XI-3 Revenue less expenses$12,088
XI-4 Net assets at start of year$440,565
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$452,653

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

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