Civic Intelligence

Alpha Kappa Psi Foundation Inc

990 • Fiscal year 2016 • EIN 35-6016131

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 01, 2017

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

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.27x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

32nd percentile

-3.5%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$52,645

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

58th percentile

3.5%

Faster asset growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-37%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$3,316,838

Up $113,688 (+3.5%) from 2015

Net Assets

Up

$3,242,741

Up $63,299 (+2.0%) from 2015

Liabilities

Up

$74,097

Up $50,389 (+213%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin32nd percentile

Revenue

Down

$272,907

Down $163,538 (-37%) from 2015

Expenses

Down

$282,564

Down $26,207 (-8.5%) from 2015

Net Income

Down

-$9,657

Down $137,331 (-108%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2016

Assets$3,316,838
Liabilities$74,097
Net Assets$3,242,741
Open 2016 Filing

Operations Trend

Revenue Growth9th 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

2016

Revenue$272,907
Expenses$282,564
Net Income-$9,657
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 1, 2017
Return Version
2015v3.0
Gross Receipts
$3,200,435
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$3,142,957$3,229,934▲ $86,977
Cash and Non-Interest-Bearing Accounts$45,943$65,443▲ $19,500
Accounts Receivable$14,250$21,461▲ $7,211
Total Assets$3,203,150$3,316,838▲ $113,688
Liabilities
Grants Payable$0$55,000▲ $55,000
Accounts Payable and Accrued Expenses$23,708$19,097▼ $4,611
Total Liabilities$23,708$74,097▲ $50,389
Net Assets / Fund Balance
Unrestricted Net Assets$1,624,509$1,639,132▲ $14,623
Permanently Rstr Net Assets$1,322,484$1,357,822▲ $35,338
Temporarily Rstr Net Assets$232,449$245,787▲ $13,338
Total Net Assets Fund Balance$3,179,442$3,242,741▲ $63,299
Total Liabilities and Net Assets / Fund Balance$3,203,150$3,316,838▲ $113,688

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,799,730$52,722▲ $60,836-$1,850,992
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
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jess LanoreChief Operating OfficerFT$52,645$52,645

Board Members and Trustees

NameTitle
Alison JenningsChairman
L Lee VoglerVice Chairman
Andrea NemethDirector
Greg DurossDirector
Jeff FrankDirector
Lyle StaabDirector
Michael KublinDirector
C Steven HartmanCEO
Manuel PraviaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$187,131
Program Service Revenue
$0
Investment Income
$69,477
Other Revenue
$16,299
All Other Contributions
$187,131
Change in Net Assets
$-9,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$238,249
Revenue Not Reported on Financial Statements
$34,658
Revenue Not Reported on Form 990
$74,537
Total Revenue per Audited Statements
$312,786
Total Revenue per Form 990
$272,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$129,573
Other Expenses$96,399
Salaries, Compensation, and Employee Benefits$56,592
Total Fundraising Expense$24,312
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$74,573--$74,573
Grants to Domestic Orgs$55,000--$55,000
Current Officers, Directors, Trustees, and Key Employees$18,421$23,376-$41,797
Fees for Service Investment Mgmnt Fees-$34,658-$34,658
Office Expenses-$3,238$12,408$15,646
Fees for Services Accounting-$12,960-$12,960
Other Salaries and Wages--$10,834$10,834
Occupancy-$4,080-$4,080
Payroll Taxes$1,386$1,505$1,070$3,961
Conferences and Meetings-$3,451-$3,451
Other Expenses-$2,412-$2,412
Total Functional Expenses$149,380$108,872$24,312$282,564

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$282,564
Total Expenses per Audited Statements$249,487
Expenses per Audited Statements$247,906
Expenses Not Reported on Financial Statements$34,658
Expenses Not Reported on Form 990$1,581
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alpha Kappa Psi Fraternity IncIndianapolis, IN501(c)(7)Grants to Alpha Kappa Psi Fraternity to Fund Educational, Leadership, and Professional Development Programming for Alpha Kappa Psi Student and Alumni Members.$55,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,763
Fundraising Direct Expenses$1,581
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
2017-04-01
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
25

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 2016 and 2015. 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, 2013.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 1,581.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 1,581.”

Raw XML AppendixShowing 400 of 527 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/OccupancyGrp/ManagementAndGeneralAmt04080
IRS990/OccupancyGrp/TotalAmt04080
IRS990/OfficeExpensesGrp/FundraisingAmt012408
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03238
IRS990/OfficeExpensesGrp/TotalAmt015646
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/Desc1IN-KIND EXPENSE
IRS990/OtherExpensesGrp/Desc2BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012255
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22412
IRS990/OtherExpensesGrp/TotalAmt012255
IRS990/OtherExpensesGrp/TotalAmt110937
IRS990/OtherExpensesGrp/TotalAmt22412
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09117
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09117
IRS990/OtherRevenueTotalAmt09117
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010834
IRS990/OtherSalariesAndWagesGrp/TotalAmt010834
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01070
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01505
IRS990/PayrollTaxesGrp/ProgramServicesAmt01386
IRS990/PayrollTaxesGrp/TotalAmt03961
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01322484
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01357822
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CARL STEVEN HARTMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION DISTRIBUTES GRANTS TO ALPHA KAPPA PSI FRATERNITY TO FUND EDUCATIONAL, LEADERSHIP, AND PROFESSIONAL DEVELOPMENT PROGRAMMING FOR ALPHA KAPPA PSI STUDENT AND ALUMNI MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt055000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt055000
IRS990/ProgSrvcAccomActy3Grp/Desc0EXPENSES INCURRED FOR PROVIDING RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019807
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0194916
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0137607
IRS990/PYInvestmentIncomeAmt0235149
IRS990/PYOtherExpensesAmt097020
IRS990/PYOtherRevenueAmt06380
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0127674
IRS990/PYSalariesCompEmpBnftPaidAmt074144
IRS990/PYTotalExpensesAmt0308771
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0436445
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-9657
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2011 AMOUNT: $ 6,294. 2012 AMOUNT: $ 3,723. 2013 AMOUNT: $ 7,391. 2014 AMOUNT: $ 6,380. 2015 AMOUNT: $ 9,117.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0187131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0194196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0182356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0355148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0254453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01173284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt078683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0111721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt080849
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt070393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt064469
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0406115
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09117
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06380
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07391
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03723
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06294
IRS990ScheduleA/OtherIncome170Grp/TotalAmt032905
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55760
IRS990ScheduleA/PublicSupportPY170Pct00.54700
IRS990ScheduleA/PublicSupportTotal170Amt0898948
IRS990ScheduleA/SubstantialContributorsTotAmt0274336
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0187131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0194196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0182356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0355148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0254453
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01173284
IRS990ScheduleA/TotalSupportAmt01612304
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/BoardDesignatedBalanceEOYPct00.21830
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01799730
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt052722
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01850992
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt062296
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt060836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01765968
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt083625
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01799730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt077090
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027227
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01582295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt056884
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01765968
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt098456
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0225245
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01272835
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0226375
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01582295
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt070943
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0154028
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03131
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01209956
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt075375
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01272835
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt072057
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt062692
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt01581
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt034658
IRS990ScheduleD/ExpensesSubtotalAmt0247906
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt034658
IRS990ScheduleD/InvestmentExpensesNotIncldAmt034658
IRS990ScheduleD/NetUnrealizedGainsInvstAmt072956
IRS990ScheduleD/OtherExpensesIncludedAmt01581
IRS990ScheduleD/OtherRevenueAmt01581
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.73360
IRS990ScheduleD/RevenueNotReportedAmt074537
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt034658
IRS990ScheduleD/RevenueSubtotalAmt0238249
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 2016 AND 2015. 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, 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 1,581.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 1,581.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.04820
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0282564
IRS990ScheduleD/TotalRevenuePerForm990Amt0272907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0312786
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0249487
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt074573
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL GRANTS AND SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0110
IRS990ScheduleI/RecipientTable/CashGrantAmt055000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANTS TO ALPHA KAPPA PSI FRATERNITY TO FUND EDUCATIONAL, LEADERSHIP, AND PROFESSIONAL DEVELOPMENT PROGRAMMING FOR ALPHA KAPPA PSI STUDENT AND ALUMNI MEMBERS.
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,316,838
Liabilities
$74,097
Net assets
$3,242,741
Revenue
$272,907
Expenses
$282,564
Net income
-$9,657
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