Civic Intelligence

Alpha Kappa Lambda Education Foundation Inc.

990 • Fiscal year 2020 • EIN 31-1114431

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

354 Gradle DriveCarmel, IN 46032

(317) 564-8003

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

49th percentile

3.1%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-13%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$421,630

Up $12,517 (+3.1%) from 2019

Net Assets

Up

$421,148

Up $12,517 (+3.1%) from 2019

Liabilities

Flat

$482

Flat from 2019

Revenue

Down

$65,331

Down $9,389 (-13%) from 2019

Expenses

Down

$52,814

Down $4,112 (-7.2%) from 2019

Net Income

Down

$12,517

Down $5,277 (-30%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $476,682Liabilities 2012: $85,587Net Assets 2012: $391,0952012Assets 2013: $438,281Liabilities 2013: $74,475Net Assets 2013: $363,8062013Assets 2014: $412,165Liabilities 2014: $55,079Net Assets 2014: $357,0862014Assets 2015: $473,888Liabilities 2015: $60,547Net Assets 2015: $413,3412015Assets 2016: $434,883Liabilities 2016: $43,218Net Assets 2016: $391,6652016Assets 2017: $388,258Liabilities 2017: $2,923Net Assets 2017: $385,3352017Assets 2018: $391,173Liabilities 2018: $336Net Assets 2018: $390,8372018Assets 2019: $409,113Liabilities 2019: $482Net Assets 2019: $408,6312019Assets 2020: $421,630Liabilities 2020: $482Net Assets 2020: $421,1482020Assets 2021: $422,227Liabilities 2021: $694Net Assets 2021: $421,5332021Assets 2022: $407,996Liabilities 2022: $694Net Assets 2022: $407,3022022Assets 2023: $402,369Liabilities 2023: $694Net Assets 2023: $401,6752023Assets 2024: $388,596Liabilities 2024: $694Net Assets 2024: $387,9022024

Highlighted filing

2020

Assets$421,630
Liabilities$482
Net Assets$421,148

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2012: $104,7542012Expenses 2013: $128,2452013Revenue 2014: $81,292Expenses 2014: $139,769Net Income 2014: -$58,4772014Revenue 2015: $203,199Expenses 2015: $146,944Net Income 2015: $56,2552015Revenue 2016: $143,486Expenses 2016: $165,162Net Income 2016: -$21,6762016Revenue 2017: $123,739Expenses 2017: $130,069Net Income 2017: -$6,3302017Revenue 2018: $114,649Expenses 2018: $74,204Net Income 2018: $40,4452018Revenue 2019: $74,720Expenses 2019: $56,926Net Income 2019: $17,7942019Revenue 2020: $65,331Expenses 2020: $52,814Net Income 2020: $12,5172020Revenue 2021: $71,505Expenses 2021: $71,120Net Income 2021: $3852021Revenue 2022: $58,215Expenses 2022: $72,447Net Income 2022: -$14,2322022Revenue 2023: $61,243Expenses 2023: $66,870Net Income 2023: -$5,6272023Revenue 2024: $54,566Expenses 2024: $68,339Net Income 2024: -$13,7732024

Highlighted filing

2020

Revenue$65,331
Expenses$52,814
Net Income$12,517
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$74,973
Mission and Program Overview

Mission

To ensure the fraternity of alpha kappa lamda realizes its vision of

EDUCATIONAL GRANTMAKING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$252,944$246,816▼ $6,128
Cash and Non-Interest-Bearing Accounts$117,165$126,898▲ $9,733
Investments in Publicly Traded Securities$32,736$35,193▲ $2,457
Accounts Receivable$6,268$12,723▲ $6,455
Total Assets$409,113$421,630▲ $12,517
Liabilities
Other Liabilities$482$482→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$482$482→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$461,108$466,042▲ $4,934
Net Assets Without Donor Restrictions$-52,477$-44,894▲ $7,583
Total Net Assets Fund Balance$408,631$421,148▲ $12,517
Total Liabilities and Net Assets / Fund Balance$409,113$421,630▲ $12,517

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$159,226$65,034$224,260
Land$85,100-$85,100
Equipment$0$6,347$6,347
Other Land Buildings$2,490$3,182$5,672
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew GatrellPresident
Timothy CoburnDirector
Jeremy SlivinskiChief Operating Officer
R Keith GilchristSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$37,288
Program Service Revenue
$0
Investment Income
$2,586
Other Revenue
$25,457
All Other Contributions
$37,288
Change in Net Assets
$12,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$32,000
Other Expenses$11,177
Total Fundraising Expense$10,631
Professional Fundraising Fees$9,637
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$32,000--$32,000
Fees for Services Professional Fundraising--$9,637$9,637
Fees for Services Accounting$0$5,560$0$5,560
Other Expenses$0$1,782$0$1,782
Office Expenses$0$1,289$0$1,289
Insurance$0$1,100$0$1,100
Total Functional Expenses$32,000$10,183$10,631$52,814
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Fraternity of Alpha Kappa LambdaCarmel, IN501(c)(7)Educational and Leadership Programs$32,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,637
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Chapter Deposits$482
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Alpha Kappa Lambda Education Foundation Inc
EIN
31-1114431
Phone
3175648003
Address
354 GRADLE DRIVE, Carmel, IN 46032

Signing Officer

Name
Jeremy D Slivinski
Title
Chief Operating Officer
Phone
3175648003
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy D Slivinski
Formed
1983
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Douglas A Latham CPA
Address
17520 Dartown Road 610, Westfield, IN 46074
Preparer
Douglas a Latham
Phone
3174792061
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The foundation board elects its own members, except during the biennial meeting where any donor can vote. At that time, the officers are elected as well as any member whose term has expired.

Pt VI, Line 7A

At the biennial business meeting, donors from the previous fiscal year can vote on new board members. Aside from the biennial business meetings, all board members are nominated and approved by the board.

Pt VI, Line 11B

A draft of the form 990 was provided to the members of the board of directors for review prior to its filing.

Pt VI, Line 12C

The foundation annually requires all board of directors to disclose any potential conflicts of interest through a questionnaire.

Pt VI, Line 15A

The executive director of the akl fraternity serves as the chief operating officer of the foundation and he is paid by the fraternity. His compensation is reviewed and approved by members of the executive committee with consideration of compensation levels at comparable organizations, size of the organization, industry surveys and other factors.

Pt VI, Line 19

The foundation makes its governing documents, conflict of interest policy, financial information and tax returns available to the public upon request.

Pt VI, Line 15B

Same response as part vi, line 15a

Financial Statement Notes

Pt IV, Line 2B

Explanation: funds of certain inactive chapters are held by the foundation, pending reactivation of the chapters. Trust account agreements exist with the respective alumni chapters regarding the terms and use of these funds. Funds are held in joint accounts with the alumni chapters and contain various provisions for holding periods and ultimate disposition of funds held.

Pt X, Line 2

Explanation: the foundation has evaluated tax positions taken in the tax returns filed and has determined that there are no uncertain tax position as defined by generally accepted accounting standards. Under a three-year statute of limitations, the foundation remains subject to examination by the internal revenue service for the years ended december 31, 2018 through december 31, 2020.

Raw XML AppendixShowing 400 of 434 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt06268
IRS990/AccountsReceivableGrp/EOYAmt012723
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0EDUCATIONAL GRANTMAKING
IRS990/AllOtherContributionsAmt037288
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0JEREMY SLIVINSKI
IRS990/BooksInCareOfDetail/PhoneNum03175648003
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0345 GRADLE DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARMEL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046032
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0117165
IRS990/CashNonInterestBearingGrp/EOYAmt0126898
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt037288
IRS990/CYGrantsAndSimilarPaidAmt032000
IRS990/CYInvestmentIncomeAmt02586
IRS990/CYOtherExpensesAmt011177
IRS990/CYOtherRevenueAmt025457
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt012517
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt052814
IRS990/CYTotalFundraisingExpenseAmt010631
IRS990/CYTotalProfFndrsngExpnsAmt09637
IRS990/CYTotalRevenueAmt065331
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS AND SCHOLARSHIP FUNDS TO EDUCATIONAL INSTITUTIONS AND THE UNDERGRADUATE INTRAFRATERNITY INSITITUTE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0461108
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0466042
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05560
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt05560
IRS990/FeesForServicesProfFundraising/FundraisingAmt09637
IRS990/FeesForServicesProfFundraising/TotalAmt09637
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0MATTHEW GATRELL
IRS990/Form990PartVIISectionAGrp/PersonNm1TIMOTHY COBURN
IRS990/Form990PartVIISectionAGrp/PersonNm2R KEITH GILCHRIST
IRS990/Form990PartVIISectionAGrp/PersonNm3JEREMY SLIVINSKI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt032000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt032000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt074973
IRS990/GrossRentsGrp/RealAmt035099
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01100
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt01100
IRS990/InvestmentIncomeGrp/ExclusionAmt02586
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02586
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt032736
IRS990/InvestmentsPubTradedSecGrp/EOYAmt035193
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt074563
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0252944
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0246816
IRS990/LandBldgEquipCostOrOtherBssAmt0321379
IRS990/LegalDomicileStateCd0IN
IRS990/LessRentalExpensesGrp/RealAmt09642
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0EDUCATIONAL GRANTMAKING
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0408631
IRS990/NetAssetsOrFundBalancesEOYAmt0421148
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt025457
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt025457
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-52477
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-44894
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01289
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt01289
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0APPEAL MATERIALS/SUPPLIES
IRS990/OtherExpensesGrp/Desc1APPEAL PROCESSING FEES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3PRINTING AND PUBLICATIONS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt1994
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2452
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31782
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt00
IRS990/OtherExpensesGrp/TotalAmt1994
IRS990/OtherExpensesGrp/TotalAmt2452
IRS990/OtherExpensesGrp/TotalAmt31782
IRS990/OtherLiabilitiesGrp/BOYAmt0482
IRS990/OtherLiabilitiesGrp/EOYAmt0482
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEREMY D SLIVINSKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE FUNDING FOR ATTENDEES TO PARTICIPATE IN EDUCATIONAL AND LEADERSHIP PROGRAMS THROUGH THE FRATERNITY OF ALPHA KAPPA LAMBDA'S REGIONAL LEADERSHIP CONFERENCES, CHAPTER PRESIDENTS ACADEMY AND NATIONAL CONCLAVE. THE FOUNDATION ALSO MAKES GRANTS TO THE FRATERNITY OF ALPHA KAPPA LAMBDA FOR EDUCATIONAL PURPOSES INCLUDING ALCOHOL SAFETY PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt032000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt032000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION ACCEPTS RESTRICTED GIFTS FOR CHAPTER PURPOSE FUNDS. THESE FUNDS ARE USED FOR ANNUAL SCHOLARSHIPS, LEADERSHIP PROGRAMS, AND QUALIFIED INFRASTRUCTURE IMPROVEMENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt040424
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt048050
IRS990/PYInvestmentIncomeAmt04756
IRS990/PYOtherExpensesAmt08111
IRS990/PYOtherRevenueAmt029540
IRS990/PYRevenuesLessExpensesAmt017794
IRS990/PYTotalExpensesAmt056926
IRS990/PYTotalProfFndrsngExpnsAmt0765
IRS990/PYTotalRevenueAmt074720
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt012517
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt025457
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: MISC. 2016: 438.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt037289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt040111
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt086124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt094479
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0122192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0380195
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037684
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt038080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt035645
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0184807
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0438
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0438
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67240
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.73950
IRS990ScheduleA/PublicSupportTotal170Amt0380195
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt037289
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt040111
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt086124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt094479
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0122192
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0380195
IRS990ScheduleA/TotalSupportAmt0565440
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0159226
IRS990ScheduleD/BuildingsGrp/DepreciationAmt065034
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0224260
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06347
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06347
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt085100
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02490
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03182
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHAPTER DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: FUNDS OF CERTAIN INACTIVE CHAPTERS ARE HELD BY THE FOUNDATION, PENDING REACTIVATION OF THE CHAPTERS. TRUST ACCOUNT AGREEMENTS EXIST WITH THE RESPECTIVE ALUMNI CHAPTERS REGARDING THE TERMS AND USE OF THESE FUNDS. FUNDS ARE HELD IN JOINT ACCOUNTS WITH THE ALUMNI CHAPTERS AND CONTAIN VARIOUS PROVISIONS FOR HOLDING PERIODS AND ULTIMATE DISPOSITION OF FUNDS HELD.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: THE FOUNDATION HAS EVALUATED TAX POSITIONS TAKEN IN THE TAX RETURNS FILED AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITION AS DEFINED BY GENERALLY ACCEPTED ACCOUNTING STANDARDS. UNDER A THREE-YEAR STATUTE OF LIMITATIONS, THE FOUNDATION REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED DECEMBER 31, 2018 THROUGH DECEMBER 31, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0246816
IRS990ScheduleD/TotalLiabilityAmt0482
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt032000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL AND LEADERSHIP PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE FRATERNITY OF ALPHA KAPPA LAMBDA
IRS990ScheduleI/RecipientTable/RecipientEIN0941134660
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0504 GRADLE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CARMEL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046032
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS AWARDED AND PAID TO ORGANIZATIONS ARE BASED ON DOCUMENTATION OF EXPENDITURES OR ARE PAID DIRECTLY TO THE THIRD PARTY. SCHOLARSHIPS ARE AWARDED AND PAID DIRECTLY TO THE RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION BOARD ELECTS ITS OWN MEMBERS, EXCEPT DURING THE BIENNIAL MEETING WHERE ANY DONOR CAN VOTE. AT THAT TIME, THE OFFICERS ARE ELECTED AS WELL AS ANY MEMBER WHOSE TERM HAS EXPIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE BIENNIAL BUSINESS MEETING, DONORS FROM THE PREVIOUS FISCAL YEAR CAN VOTE ON NEW BOARD MEMBERS. ASIDE FROM THE BIENNIAL BUSINESS MEETINGS, ALL BOARD MEMBERS ARE NOMINATED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION ANNUALLY REQUIRES ALL BOARD OF DIRECTORS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THROUGH A QUESTIONNAIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR OF THE AKL FRATERNITY SERVES AS THE CHIEF OPERATING OFFICER OF THE FOUNDATION AND HE IS PAID BY THE FRATERNITY. HIS COMPENSATION IS REVIEWED AND APPROVED BY MEMBERS OF THE EXECUTIVE COMMITTEE WITH CONSIDERATION OF COMPENSATION LEVELS AT COMPARABLE ORGANIZATIONS, SIZE OF THE ORGANIZATION, INDUSTRY SURVEYS AND OTHER FACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL INFORMATION AND TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SAME RESPONSE AS PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FRATERNITY OF ALPHA KAPPA LAMBDA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0941134660
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL AND LEADERSHIP PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0354 GRADLE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CARMEL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046032
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0409113
IRS990/TotalAssetsEOYAmt0421630
IRS990/TotalAssetsGrp/BOYAmt0409113
IRS990/TotalAssetsGrp/EOYAmt0421630
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt037288
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010631
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010183
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032000
IRS990/TotalFunctionalExpensesGrp/TotalAmt052814
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0482
IRS990/TotalLiabilitiesEOYAmt0482
IRS990/TotalLiabilitiesGrp/BOYAmt0482
IRS990/TotalLiabilitiesGrp/EOYAmt0482
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0408631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0421148
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt032000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt028043
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0409113
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0421630
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0354 GRADLE DRIVE
IRS990/USAddress/CityNm0Carmel
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046032
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.akl.org/found.html
IRS990/WhistleblowerPolicyInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.01$3.88$0.55$0.68$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.01$4.02$0.61$0.67$0.06
2022Detailed filing. Detailed filing data is available for this year.$4.08$0.01$4.07$0.58$0.72$0.14
2021Detailed filing. Detailed filing data is available for this year.$4.22$0.01$4.22$0.72$0.71$0.00
2020Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.21$0.65$0.53$0.13
2019Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$0.75$0.57$0.18
2018Detailed filing. Detailed filing data is available for this year.$3.91$0.00$3.91$1.15$0.74$0.40
2017Detailed filing. Detailed filing data is available for this year.$3.88$0.03$3.85$1.24$1.30$0.06
2016Detailed filing. Detailed filing data is available for this year.$4.35$0.43$3.92$1.43$1.65$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.74$0.61$4.13$2.03$1.47$0.56
2014Detailed filing. Detailed filing data is available for this year.$4.12$0.55$3.57$0.81$1.40$0.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.74$3.64$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$0.86$3.91$1.05