Alpha Kappa Psi Fraternity Inc
- Assets
- $9.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Noblesville, IN
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 35-2018908
Organization Overview
Alpha Kappa Psi Fraternity Inc is located in Noblesville, IN. The organization was established in 1998. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2022, Alpha Kappa Psi Fraternity Inc employed 22 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Kappa Psi Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Alpha Kappa Psi Fraternity Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE WELFARE OF ITS MEMBERS AND FOSTER RESEARCH IN COMMERCE, ACCOUNTING, AND FINANCE, ALPHA KAPPA PSI FRATERNITY DEVELOPS PRINCIPLED BUSINESS LEADERS, BOTH OUR MEMBERS IN COLLEGE CHAPTERS ACROSS THE WORLD AND ALUMNI MEMBERS PARTICIPATING IN ALUMNI GROUPS, THROUGH LEADERSHIP DEVELOPMENT ACTIVITIES AND PROGRAMMING. ALPHA KAPPA PSI FRATERNITY ALSO WORKS TO EDUCATE THE GENERAL PUBLIC BY DISTRIBUTING PERTINENT BUSINESS AND LEADERSHIP INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER SERVICES: THE FRATERNITY PROVIDES SERVICES TO ITS APPROXIMATELY 190 CHAPTERS THROUGH DEDICATED STAFF SUPPORT, PUBLICATIONS AND RESOURCES, OVERSIGHT AND GUIDANCE.
VALUES BASED EDUCATION IS A KEY COMPONENT OF ALPHA KAPPA PSI OPERATIONS. ALPHA KAPPA PSI OFFERS SEVERAL OPPORTUNITIES FOR LIFELONG LEARNING THROUGH ONSITE EDUCATIONAL PROGRAMMING AT SPECIAL EVENTS, E-LEARNING MODULES, A VAST ARRAY OF WEBINAR OFFERINGS, AND OTHER OPPORTUNITIES. ALL EDUCATION IS FOCUSED AROUND THE CORE VALUES OF ALPHA KAPPA PSI, BROTHERHOOD, UNITY, INTEGRITY, SERVICE, AND KNOWLEDGE. EDUCATION APPLIES TO BOTH STUDENT AND ALUMNI MEMBERS OF ALPHA KAPPA PSI.
ALUMNI SERVICES: THE FRATERNITY PROVIDES SERVICES TO ITS APPROXIMATELY 30 ACTIVE ALUMNI CHAPTERS PRIMARILY THROUGH THE MAINTENANCE AND UPDATING OF MEMBERSHIP RECORDS
CONVENTIONS AND MEETINGS: THE FRATERNITY HOLDS VARIOUS CONFERENCES AND FOCUSED ON LEARNING, LEADERSHIP & PROFESSIONAL DEVELOPMENT AS WELL AS EDUCATIONAL INFORMATION AND MATERIALS. EACH CONVENTION HAS APPROXIMATELY 1,000 ATTENDEES. PRINCIPLED BUSINESS LEADERSHIP INSTITUTES HAVE APPROXIMATELY 1,000 ATTENDEES IN AGGREGATE. THE FRATERNITY ALSO HOSTS A SERIES OF ONLINE LEARNING SESSIONS IN VIRTUAL COHORTS AND VIA A LEARNING MANAGEMENT SYSTEM FOCUSED ON SERVANT LEADERSHIP, INCLUSIVE LEADERSHIP, AND GENERAL LEADERSHIP DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Howell Chair | OfficerTrustee | 1 | $0 |
Micheal Dickson Vice Chair(7/1/21 - Present) | OfficerTrustee | 1 | $0 |
Christine Vasquez Vice Chair (7/1/21 - 8/21/21) | OfficerTrustee | 1 | $0 |
Don Sechler Treasurer (8/21/21 - Present) | OfficerTrustee | 1 | $0 |
Naneen Christopher Treasurer (7/1/21 - 8/21/21) | OfficerTrustee | 1 | $0 |
Michael Dickerson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $75,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $2,336,809 |
| Investment income | $157,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,476 |
| Net Rental Income | $7,500 |
| Net Gain/Loss on Asset Sales | $268,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,922 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,023,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,890 |
| 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. | $418,346 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,547 |
| Payroll taxes | $75,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,455 |
| Fees for services: Accounting | $15,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,948 |
| Fees for services: Other | $319,371 |
| Advertising and promotion | $9,761 |
| Office expenses | $31,212 |
| Information technology | $526,760 |
| Royalties | $0 |
| Occupancy | $99,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $457,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,856 |
| Insurance | $123,786 |
| All other expenses | $37,289 |
| Total functional expenses | $3,349,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $140,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,730 |
| Prepaid expenses and deferred charges | $242,612 |
| Net Land, buildings, and equipment | $1,545,008 |
| Investments—publicly traded securities | $7,531,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,683,802 |
| Accounts payable and accrued expenses | $597,600 |
| Grants payable | $0 |
| Deferred revenue | $341,516 |
| 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 | $82,079 |
| Total liabilities | $1,021,195 |
| Net assets without donor restrictions | $8,662,607 |
| 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 | $9,683,802 |