Kappa Alpha Psi Fraternity
- Assets
- $733.2k
- Revenue
- $62.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Manchester, CT
- Founding
- 06/1957
- Data as of
- 09/2021
- EIN
- 23-2037777
Organization Overview
Kappa Alpha Psi Fraternity is located in Manchester, CT. The organization was established in 1957. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Kappa Alpha Psi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Kappa Alpha Psi Fraternity generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $39.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (35.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONSISTENT WITH THE GRAND CHAPTER OF KAPPA ALPHA PSI FRATERNITY INC., THE NORTHEASTERN PROVINCE'S OBJECTIVES ARE AS FOLLOWS: 1. TO UNITE COLLEGE MEN OF CULTURE, PATRIOTISM, AND HONOR IN A BOND OF FRATERNITY. 2. TO ENCOURAGE HONORABLE ACHIEVEMENT IN EVERY FIELD OF HUMAN ENDEAVOR. 3. TO PROMOTE THE SPIRITUAL, SOCIAL, INTELLECTUAL, AND MORAL WELFARE OF MEMBERS. 4. TO ASSIST THE AIMS AND PURPOSES OF COLLEGES AND UNIVERSITIES. 5. TO INSPIRE SERVICE IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS THAT INCLUDE THE GRAND CHAPTER MEETING, PROVINCE COUNCIL, C. RODGER WILSON LEADERSHIP CONFERENCE FOR UNDERGRADUATE STUDENTS, AND BOARD OF DIRECTOR MEETINGS TO DISCUSS GOVERNANCE AFFAIRS.
SCHOLARSHIPS, GUIDE RIGHT PROGRAM, DONATIONS TO THE KAPPA FOUNDATION.
MEMBERSHIP INTAKE AND PASS THROUGH TO INTERNATIONAL HEADQUARTERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Thompkins Province Polemarch | OfficerTrustee | 2 | $0 |
Leon Clark Junior Province Vice Polemarch | OfficerTrustee | 2 | $0 |
Jermaine Myrie Province Keeper Of Records | OfficerTrustee | 2 | $0 |
Kelvin Sims Province Keeper Of Exchequer | OfficerTrustee | 2 | $0 |
Ted Sanchious Senior Province Vice Polemarch | OfficerTrustee | 2 | $0 |
Richard King Jr Nominating Committee Chairman | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,368 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,818 |
| Total Program Service Revenue | $209 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $744 |
| Office expenses | $4,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,713 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,460 |
| All other expenses | $0 |
| Total functional expenses | $38,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,722 |
| Savings and temporary cash investments | $23,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $377,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $733,179 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $733,179 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $733,179 |
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|---|---|---|
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Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |
Pi Lambda Phi Fraternity Inc Greenwich, CT | $1,029,582 | $859,864 |
Lambda Chi Alpha Fraternity Inc Ithaca, NY | $99,913 | $753,956 |
Sigma Delta Tau Society Syracuse, NY | $247,838 | $761,274 |
Alpha Epsilon Phi Sorority Inc Danbury, CT | $1,675,626 | $935,849 |
Zeta Phi Chapter House Corp Of Alpha Phi Intrnatl Frat Inc Boston, MA | $2,973,626 | $954,161 |
Alpha Beta Corporation Wakefield, RI | $2,169,290 | $616,339 |