Civic Intelligence

Alpha Kappa Psi Foundation Inc

990 • Fiscal year 2015 • EIN 35-6016131

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 19, 2016

Organization ProfileWWW.AKPSI.ORG/FOUNDATION
7801 East 88th StreetIndianapolis, IN 46256

(317) 872-1553

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

43rd percentile

$47,294

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

47th percentile

0.1%

Faster asset growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$3,203,150

Up $2,118 (+0.1%) from 2014

Net Assets

Down

$3,179,442

Down $21,290 (-0.7%) from 2014

Liabilities

Up

$23,708

Up $23,408 (+7803%) from 2014

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin85th percentile

Revenue

Down

$436,445

Down $104,743 (-19%) from 2014

Expenses

Up

$308,771

Up $37,556 (+14%) from 2014

Net Income

Down

$127,674

Down $142,299 (-53%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,460,592Liabilities 2012: $9,101Net Assets 2012: $2,451,4912012Assets 2013: $2,862,092Liabilities 2013: $27,287Net Assets 2013: $2,834,8052013Assets 2014: $3,201,032Liabilities 2014: $300Net Assets 2014: $3,200,7322014Assets 2015: $3,203,150Liabilities 2015: $23,708Net Assets 2015: $3,179,4422015Assets 2016: $3,316,838Liabilities 2016: $74,097Net Assets 2016: $3,242,7412016Assets 2017: $3,718,828Liabilities 2017: $110,025Net Assets 2017: $3,608,8032017Assets 2018: $3,919,303Liabilities 2018: $93,093Net Assets 2018: $3,826,2102018Assets 2019: $4,169,861Liabilities 2019: $165,666Net Assets 2019: $4,004,1952019Assets 2020: $4,141,676Liabilities 2020: $249,731Net Assets 2020: $3,891,9452020Assets 2021: $5,034,069Liabilities 2021: $262,396Net Assets 2021: $4,771,6732021Assets 2022: $4,970,263Liabilities 2022: $167,130Net Assets 2022: $4,803,1332022Assets 2023: $5,035,602Liabilities 2023: $144,414Net Assets 2023: $4,891,1882023Assets 2024: $5,548,141Liabilities 2024: $221,248Net Assets 2024: $5,326,8932024

Highlighted filing

2015

Assets$3,203,150
Liabilities$23,708
Net Assets$3,179,442
Open 2015 Filing

Operations Trend

Revenue Growth15th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $287,0692012Expenses 2013: $291,2882013Revenue 2014: $541,188Expenses 2014: $271,215Net Income 2014: $269,9732014Revenue 2015: $436,445Expenses 2015: $308,771Net Income 2015: $127,6742015Revenue 2016: $272,907Expenses 2016: $282,564Net Income 2016: -$9,6572016Revenue 2017: $394,792Expenses 2017: $254,429Net Income 2017: $140,3632017Revenue 2018: $501,561Expenses 2018: $297,233Net Income 2018: $204,3282018Revenue 2019: $914,425Expenses 2019: $366,173Net Income 2019: $548,2522019Revenue 2020: $201,211Expenses 2020: $380,576Net Income 2020: -$179,3652020Revenue 2021: $996,267Expenses 2021: $439,291Net Income 2021: $556,9762021Revenue 2022: $1,539,433Expenses 2022: $453,290Net Income 2022: $1,086,1432022Revenue 2023: $157,636Expenses 2023: $600,049Net Income 2023: -$442,4132023Revenue 2024: $571,197Expenses 2024: $635,820Net Income 2024: -$64,6232024

Highlighted filing

2015

Revenue$436,445
Expenses$308,771
Net Income$127,674
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 19, 2016
Return Version
2014v6.0
Gross Receipts
$2,704,194
Mission and Program Overview

Mission

To provide resources for enhancing the educational experience of future business leaders.

The foundation's mission is to provide resources for enhancing the educational experience of future business leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,080,638$3,142,957▲ $62,319
Cash and Non-Interest-Bearing Accounts$73,662$45,943▼ $27,719
Accounts Receivable$45,655$14,250▼ $31,405
Prepaid Expenses and Deferred Charges$1,077$0▼ $1,077
Total Assets$3,201,032$3,203,150▲ $2,118
Liabilities
Accounts Payable and Accrued Expenses-$23,708-
Grants Payable$300$0▼ $300
Total Liabilities$300$23,708▲ $23,408
Net Assets / Fund Balance
Unrestricted Net Assets$1,675,562$1,624,509▼ $51,053
Permanently Rstr Net Assets$1,292,676$1,322,484▲ $29,808
Temporarily Rstr Net Assets$232,494$232,449▼ $45
Total Net Assets Fund Balance$3,200,732$3,179,442▼ $21,290
Total Liabilities and Net Assets / Fund Balance$3,201,032$3,203,150▲ $2,118

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,765,968$83,625▲ $27,227-$1,799,730
2013$1,582,295$56,884▲ $225,245-$1,765,968
2012$1,272,835$226,375▲ $154,028-$1,582,295
2011$1,209,956$75,375▲ $62,692-$1,272,835
2010$969,241$96,770▲ $211,150-$1,209,956
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jess LanoreChief Operating OfficerFT$47,294$47,294

Board Members and Trustees

NameTitle
Mark MacgibbonChairman
Greg DurossVice Chairman
Alison JenningsDirector
Andrea NemethDirector
Lyle StaabDirector
Manny PraviaDirector
C Steven HartmanCEO
John WernerSecretary
Jon DoyleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$194,916
Program Service Revenue
$0
Investment Income
$235,149
Other Revenue
$6,380
All Other Contributions
$194,916
Change in Net Assets
$127,674

Audited Revenue Reconciliation

Revenue per Audited Statements
$398,394
Revenue Not Reported on Financial Statements
$38,051
Revenue Not Reported on Form 990
$-148,964
Total Revenue per Audited Statements
$249,430
Total Revenue per Form 990
$436,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$137,607
Other Expenses$97,020
Salaries, Compensation, and Employee Benefits$74,144
Total Fundraising Expense$29,229
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$119,607--$119,607
Current Officers, Directors, Trustees, and Key Employees$24,136$29,474-$53,610
Fees for Service Investment Mgmnt Fees-$38,051-$38,051
Grants to Domestic Orgs$18,000--$18,000
Other Salaries and Wages--$15,343$15,343
Office Expenses-$2,624$12,485$15,109
Fees for Services Accounting-$10,050-$10,050
Payroll Taxes$1,818$1,972$1,401$5,191
Occupancy-$4,080-$4,080
Conferences and Meetings-$502-$502
Other Expenses-$38-$38
Total Functional Expenses$163,561$115,981$29,229$308,771

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$308,771
Expenses per Audited Statements$270,720
Total Expenses per Audited Statements$270,720
Expenses Not Reported on Financial Statements$38,051
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Kappa Psi Fraternity IncIndianapolis, IN501(c)(7)Educational Grants to Alpha Kappa Psi Fraternity to Fund Educational Areas of the Fraternity Building and Headquarters.$18,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All past directors are eligible to cast a vote for the annual board of directors election. Additionally, any donor who has reached a cumulative giving level of $1,000 and maintains a minimum annual contribution level of $100 is eligible to vote at the annual board of directors election. Because these individuals are entitled to cast a vote for the board election, the foundation has deemed these individuals to fall within the internal revenue service's definition of "member". These individuals are not entitled to any distribution of income or assets from the organization.”

Form 990, Part VI, Section A, Line 7A

“"members," as described on schedule o, part vi, section a, line 6, may elect members of the governing body.”

Form 990, Part VI, Section B, Line 11

“The audit committee reviews the 990, and then sends it to the board of directors. The board then reviews the return and signs off on the review and approval for filing the 990.”

Form 990, Part VI, Section B, Line 12C

“Board members submit signed conflict of interest disclosures at least annually. Any conflicts are adddressed on a case-by-case basis and promptly resolved.”

Form 990, Part VI, Section B, Line 15

“Compensation for the foundation's chief operating officer is determined by the chief executive officer.”

Form 990, Part VI, Section C, Line 19

“Alpha kappa psi foundation makes its governing documents and financial statements available to interested parties upon written request.”

Filing and Contact Details

Filer

Filer Name
Alpha Kappa Psi Foundation Inc
EIN
35-6016131
Phone
3178721553
Address
7801 EAST 88TH STREET, INDIANAPOLIS, IN 46256

Signing Officer

Name
Carl Steven Hartman
Title
CEO
Phone
3178721553
Signed
2016-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Steven Hartman
Formed
1951
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
30

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240-0857
Preparer
Scott a Schuster
Phone
3175802000
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“The foundation does not technically have any employees. It has no federal or state payroll reporting. The foundation shares employees with alpha kappa psi fraternity. As such, the foundation reimburses the fraternity for costs incurred by the foundation's chief operating officer. Compensation reimbursements are reported by the foundation as officer compensation on form 990, part ix, line 5, as that is the substance of the transaction.”

FORM 990, PART XII, LINE 2C:

“The organization has an audit committee that is responsible for overseeing the audit and selecting an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and corresponding state tax law. Accordingly, no provision or liability for income taxes has been included in the financial statements. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the internal revenue code. There was no unrelated business income for fiscal years 2015 and 2014. The foundation files u.s. Federal and state of indiana information tax returns. The foundation is no longer subject to u.s. Federal and state income tax examinations by tax authorities for years before the year ended june 30, 2012.”

Raw XML AppendixShowing 400 of 522 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.

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IRS990/OtherExpensesGrp/Desc2BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc3EDUCATION AND TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015806
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110742
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22642
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt338
IRS990/OtherExpensesGrp/TotalAmt015806
IRS990/OtherExpensesGrp/TotalAmt110742
IRS990/OtherExpensesGrp/TotalAmt22642
IRS990/OtherExpensesGrp/TotalAmt338
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06380
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06380
IRS990/OtherRevenueTotalAmt06380
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015343
IRS990/OtherSalariesAndWagesGrp/TotalAmt015343
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01401
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01972
IRS990/PayrollTaxesGrp/ProgramServicesAmt01818
IRS990/PayrollTaxesGrp/TotalAmt05191
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01292676
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01322484
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01077
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CARL STEVEN HARTMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL GRANTS TO ALPHA KAPPA PSI FRATERNITY TO FUND EDUCATIONAL AREAS OF THE FRATERNITY BUILDING AND HEADQUARTERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt018000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt018000
IRS990/ProgSrvcAccomActy3Grp/Desc0EXPENSES INCURRED FOR PROVIDING RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt025954
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0182356
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0110935
IRS990/PYInvestmentIncomeAmt0342930
IRS990/PYOtherExpensesAmt088356
IRS990/PYOtherRevenueAmt015902
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0269973
IRS990/PYSalariesCompEmpBnftPaidAmt065639
IRS990/PYTotalExpensesAmt0271215
IRS990/PYTotalProfFndrsngExpnsAmt06285
IRS990/PYTotalRevenueAmt0541188
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0127674
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2010 AMOUNT: $ 2,798. 2011 AMOUNT: $ 6,294. 2012 AMOUNT: $ 3,723. 2013 AMOUNT: $ 7,391. 2014 AMOUNT: $ 6,380.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0194196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0182356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0355148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0254453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0255700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01241853
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0111721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt080849
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt070393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt064469
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt059844
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0387276
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06380
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07391
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03723
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06294
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02798
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026586
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54700
IRS990ScheduleA/PublicSupportPY170Pct00.47080
IRS990ScheduleA/PublicSupportTotal170Amt0905597
IRS990ScheduleA/SubstantialContributorsTotAmt0336256
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0194196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0182356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0355148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0254453
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0255700
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01241853
IRS990ScheduleA/TotalSupportAmt01655715
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.21580
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01765968
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt083625
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01799730
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt077090
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt027227
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01582295
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt056884
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01765968
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt098456
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0225245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01272835
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0226375
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01582295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt070943
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0154028
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03131
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01209956
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt075375
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01272835
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt072057
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt062692
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03890
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0969241
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt096770
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01209956
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt063315
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0211150
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt038051
IRS990ScheduleD/ExpensesSubtotalAmt0270720
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt038051
IRS990ScheduleD/InvestmentExpensesNotIncldAmt038051
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-148964
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.73480
IRS990ScheduleD/RevenueNotReportedAmt0-148964
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt038051
IRS990ScheduleD/RevenueSubtotalAmt0398394
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME FOR FISCAL YEARS 2015 AND 2014. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION TAX RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.04940
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0308771
IRS990ScheduleD/TotalRevenuePerForm990Amt0436445
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0249430
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270720
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0119607
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL GRANTS AND SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0158
IRS990ScheduleI/RecipientTable/CashGrantAmt018000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL GRANTS TO ALPHA KAPPA PSI FRATERNITY TO FUND EDUCATIONAL AREAS OF THE FRATERNITY BUILDING AND HEADQUARTERS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALPHA KAPPA PSI FRATERNITY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0352018908
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07801 E 88TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046256
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS TO ORGANIZATIONS IN THE UNITED STATES ARE TO BE USED FOR CHARITABLE OR EDUCATIONAL PURPOSES. GRANTS TO ORGANIZATIONS OTHER THAN 501(C)(3) ORGANIZATIONS REQUIRE SUBSTANTIATION OF THE INTENDED USE OF FUNDS PRIOR TO THE FOUNDATION MAKING THE GRANT. GRANTS AND SCHOLARSHIPS TO INDIVIDUALS IN THE UNITED STATES ARE TO BE USED FOR EDUCATIONAL EXPENSES. GRANTS AND SCHOLARSHIPS TO INDIVIDUALS REQUIRE SUBSTANTIATION OF EDUCATIONAL COSTS AND ACADEMIC ELIGIBILITY, IF APPLICABLE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT TECHNICALLY HAVE ANY EMPLOYEES. IT HAS NO FEDERAL OR STATE PAYROLL REPORTING. THE FOUNDATION SHARES EMPLOYEES WITH ALPHA KAPPA PSI FRATERNITY. AS SUCH, THE FOUNDATION REIMBURSES THE FRATERNITY FOR COSTS INCURRED BY THE FOUNDATION'S CHIEF OPERATING OFFICER. COMPENSATION REIMBURSEMENTS ARE REPORTED BY THE FOUNDATION AS OFFICER COMPENSATION ON FORM 990, PART IX, LINE 5, AS THAT IS THE SUBSTANCE OF THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL PAST DIRECTORS ARE ELIGIBLE TO CAST A VOTE FOR THE ANNUAL BOARD OF DIRECTORS ELECTION. ADDITIONALLY, ANY DONOR WHO HAS REACHED A CUMULATIVE GIVING LEVEL OF $1,000 AND MAINTAINS A MINIMUM ANNUAL CONTRIBUTION LEVEL OF $100 IS ELIGIBLE TO VOTE AT THE ANNUAL BOARD OF DIRECTORS ELECTION. BECAUSE THESE INDIVIDUALS ARE ENTITLED TO CAST A VOTE FOR THE BOARD ELECTION, THE FOUNDATION HAS DEEMED THESE INDIVIDUALS TO FALL WITHIN THE INTERNAL REVENUE SERVICE'S DEFINITION OF "MEMBER". THESE INDIVIDUALS ARE NOT ENTITLED TO ANY DISTRIBUTION OF INCOME OR ASSETS FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2"MEMBERS," AS DESCRIBED ON SCHEDULE O, PART VI, SECTION A, LINE 6, MAY ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT COMMITTEE REVIEWS THE 990, AND THEN SENDS IT TO THE BOARD OF DIRECTORS. THE BOARD THEN REVIEWS THE RETURN AND SIGNS OFF ON THE REVIEW AND APPROVAL FOR FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS SUBMIT SIGNED CONFLICT OF INTEREST DISCLOSURES AT LEAST ANNUALLY. ANY CONFLICTS ARE ADDDRESSED ON A CASE-BY-CASE BASIS AND PROMPTLY RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE FOUNDATION'S CHIEF OPERATING OFFICER IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALPHA KAPPA PSI FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,203,150
Liabilities
$23,708
Net assets
$3,179,442
Revenue
$436,445
Expenses
$308,771
Net income
$127,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.55$0.22$5.33$0.57$0.64$0.06
2023Detailed filing. Detailed filing data is available for this year.$5.04$0.14$4.89$0.16$0.60$0.44
2022Detailed filing. Detailed filing data is available for this year.$4.97$0.17$4.80$1.54$0.45$1.09
2021Detailed filing. Detailed filing data is available for this year.$5.03$0.26$4.77$1.00$0.44$0.56
2020Detailed filing. Detailed filing data is available for this year.$4.14$0.25$3.89$0.20$0.38$0.18
2019Detailed filing. Detailed filing data is available for this year.$4.17$0.17$4.00$0.91$0.37$0.55
2018Detailed filing. Detailed filing data is available for this year.$3.92$0.09$3.83$0.50$0.30$0.20
2017Detailed filing. Detailed filing data is available for this year.$3.72$0.11$3.61$0.39$0.25$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.07$3.24$0.27$0.28$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.20$0.02$3.18$0.44$0.31$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.54$0.27$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$0.03$2.83$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.01$2.45$0.29