Kappa Alpha Order Educational Foundation
- Assets
- $12.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, VA
- Founding
- 02/1982
- Data as of
- 06/2022
- EIN
- 75-1783690
Organization Overview
Kappa Alpha Order Educational Foundation is located in Lexington, VA. The organization was established in 1982. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Kappa Alpha Order Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kappa Alpha Order Educational Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kappa Alpha Order Educational Foundation has awarded 15 individual grants totaling $853,484. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL PROGRAM SUPPORT FOR KAPPA ALPHA ORDER
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. PROVINCE COUNCILS ARE REGIONAL MEETINGS THAT ARE HELD ACROSS THE COUNTRY AND ADDRESSING ONE THIRD OF THE KA ACTIVE MEMBERSHIP. THE SUBJECT MATTER OF PROVINCE COUNCILS COVERS RISK MANAGEMENT, PERSONAL DEVELOPMENT AND SCHOLARSHIP.
SCHOLARSHIP AWARDS FOR 75 STUDENTS WERE MADE IN THE FISCAL YEAR ENDED JUNE 30, 2022. 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Health Chairman | OfficerTrustee | 0 | $0 |
David M Warren Vice Chairman | OfficerTrustee | 0 | $0 |
C Douglas Simmons III Knight Commander | OfficerTrustee | 0 | $0 |
Darren S Kay Treasurer | OfficerTrustee | 0 | $0 |
J Michael Duncan Life Trustee | Trustee | 0 | $0 |
Idris R Traylor Life Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,797,629 |
| Noncash contributions included in lines 1a–1f | $129,485 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,797,629 |
| Total Program Service Revenue | $346 |
| Investment income | $436,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,000 |
| Net Gain/Loss on Asset Sales | $451,335 |
| Net Income from Fundraising Events | $84,983 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,862,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $347,448 |
| Grants and other assistance to domestic individuals. | $112,639 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,279 |
| Compensation of current officers, directors, key employees. | $55,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,651 |
| Pension plan accruals and contributions | $17,185 |
| Other employee benefits | $38,415 |
| Payroll taxes | $32,218 |
| Fees for services: Management | $8,042 |
| Fees for services: Legal | $7,165 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,901 |
| Fees for services: Other | $47,671 |
| Advertising and promotion | $0 |
| Office expenses | $14,241 |
| Information technology | $211,253 |
| Royalties | $0 |
| Occupancy | $79,529 |
| Travel | $67,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,046 |
| Interest | $19,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,100 |
| Insurance | $25,151 |
| All other expenses | $5,894 |
| Total functional expenses | $1,992,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,283 |
| Savings and temporary cash investments | $15,366 |
| Pledges and grants receivable | $160,435 |
| 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 | $26,548 |
| Prepaid expenses and deferred charges | $20,543 |
| Net Land, buildings, and equipment | $2,331,905 |
| Investments—publicly traded securities | $9,517,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,011 |
| Total assets | $12,310,245 |
| Accounts payable and accrued expenses | $27,959 |
| 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 | $604,820 |
| Total liabilities | $632,779 |
| Net assets without donor restrictions | $3,596,348 |
| Net assets with donor restrictions | $8,081,118 |
| 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 | $12,310,245 |
Grants Awarded
Over the last fiscal year, Kappa Alpha Order Educational Foundation has awarded $235,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KAPPA ALPHA ORDER PURPOSE: EDUCATIONAL PROGRAMS DESCRIBED IN FORM 990 PART III. | $205,000 |
FOUNDATION FOR FRATERNAL EXCELLENCE PURPOSE: CHAPTER SUPPORT AND EDUCATION DESCRIBED IN FORM 990 PART III. | $30,000 |