Kappa Alpha Psi Fraternity
- Assets
- $10.1k
- Revenue
- $30.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 06/1957
- Data as of
- 09/2018
- EIN
- 23-7279549
Organization Overview
Kappa Alpha Psi Fraternity is located in Tallahassee, FL. 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 09/2018, Kappa Alpha Psi Fraternity generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $25.6k during the year ending 09/2018. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
UNITE COLLEGE MEN OF CULTURE, PATROTISM, AND HONOR IN A BOND OF FRATERNITY, ENCOURAGE HONORABLE ACHIEVEMENT, PROMOTE SPIRITUAL, SOCIAL, INTELLECTUAL AND MORAL WELFARE OF ITS MEMBERS, ASSIST THE AIMS AND PURPOSES OF COLLEGES AND UNIVERSITIES, AND INSPIRE SERVICE IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE THE EDUCATIONAL, FRATERNAL, AND MORAL DEVELOPMENT OF ITS MEMBERSHIP IN ACCORDANCE WITH THE PURPOSE OF THE ORGANIZATIONS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,000 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $100 |
| Office expenses | $100 |
| 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 | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $25,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,098 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,098 |
| 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 | $10,098 |
| 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 |
| Total liabilities and net assets/fund balances | $10,098 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Phi Mu House Corporation Tuscaloosa, AL | $18,579,547 | $3,616,804 |
Alpha Delta Pi Building Corporation Tuscaloosa, AL | $14,319,134 | $2,607,081 |
The Nu Beta Chapter Of The Chi Omega House Association Inc Tuscaloosa, AL | $17,018,424 | $3,157,089 |
Gamma Phi Beta Sorority Inc Tuscaloosa, AL | $14,042,301 | $2,044,605 |
Kappa Alpha Order Tuscaloosa, AL | $295,809 | $1,960,962 |
Alpha Tau Omega Fraternity Tuscaloosa, AL | $8,402,547 | $1,919,638 |