Civic Intelligence

Alpha Kappa Psi Foundation Inc

990 • Fiscal year 2017 • EIN 35-6016131

Jul 01, 2016 to Jun 30, 2017 • Filed on May 03, 2018

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

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.28x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

45%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,718,828

Up $401,990 (+12%) from 2016

Net Assets

Up

$3,608,803

Up $366,062 (+11%) from 2016

Liabilities

Up

$110,025

Up $35,928 (+48%) from 2016

Revenue

Up

$394,792

Up $121,885 (+45%) from 2016

Expenses

Down

$254,429

Down $28,135 (-10.0%) from 2016

Net Income

Up

$140,363

Up $150,020 (+1553%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$3,718,828
Liabilities$110,025
Net Assets$3,608,803

Operations Trend

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

2017

Revenue$394,792
Expenses$254,429
Net Income$140,363
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 3, 2018
Return Version
2016v3.0
Gross Receipts
$1,240,109
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$3,229,934$3,639,353▲ $409,419
Cash and Non-Interest-Bearing Accounts$65,443$55,713▼ $9,730
Accounts Receivable$21,461$23,762▲ $2,301
Total Assets$3,316,838$3,718,828▲ $401,990
Liabilities
Grants Payable$55,000$110,000▲ $55,000
Accounts Payable and Accrued Expenses$19,097$25▼ $19,072
Total Liabilities$74,097$110,025▲ $35,928
Net Assets / Fund Balance
Unrestricted Net Assets$1,639,132$1,876,700▲ $237,568
Permanently Rstr Net Assets$1,357,822$1,395,168▲ $37,346
Temporarily Rstr Net Assets$245,787$336,935▲ $91,148
Total Net Assets Fund Balance$3,242,741$3,608,803▲ $366,062
Total Liabilities and Net Assets / Fund Balance$3,316,838$3,718,828▲ $401,990

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,850,992$52,639▲ $219,619-$2,060,638
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$192,765
Program Service Revenue
$0
Investment Income
$195,003
Other Revenue
$7,024
All Other Contributions
$192,765
Change in Net Assets
$140,363

Audited Revenue Reconciliation

Revenue per Audited Statements
$360,834
Revenue Not Reported on Financial Statements
$33,958
Revenue Not Reported on Form 990
$225,699
Total Revenue per Audited Statements
$586,533
Total Revenue per Form 990
$394,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$134,621
Other Expenses$101,430
Total Fundraising Expense$25,157
Salaries, Compensation, and Employee Benefits$18,378
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$79,621--$79,621
Grants to Domestic Orgs$55,000--$55,000
Fees for Service Investment Mgmnt Fees-$33,958-$33,958
Office Expenses-$2,234$20,195$22,429
Other Salaries and Wages$5,982$6,495$4,615$17,092
Fees for Services Accounting-$13,350-$13,350
Travel-$9,062-$9,062
Occupancy-$4,080-$4,080
Other Expenses-$2,264-$2,264
Conferences and Meetings-$1,770-$1,770
Payroll Taxes$450$489$347$1,286
Total Functional Expenses$141,053$88,219$25,157$254,429

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$254,429
Expenses per Audited Statements$220,471
Total Expenses per Audited Statements$220,471
Expenses Not Reported on Financial Statements$33,958
Expenses Not Reported on Form 990$0
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
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 11B

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 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
2018-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Steven Hartman
Formed
1951
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
30

Preparer

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

Additional Explanations

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 2017 and 2016. 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, 2014.

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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01357822
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01395168
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/ExpenseAmt06432
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0187131
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0129573
IRS990/PYInvestmentIncomeAmt069477
IRS990/PYOtherExpensesAmt096399
IRS990/PYOtherRevenueAmt016299
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-9657
IRS990/PYSalariesCompEmpBnftPaidAmt056592
IRS990/PYTotalExpensesAmt0282564
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0272907
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0140363
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2012 AMOUNT: $ 3,723. 2013 AMOUNT: $ 7,391. 2014 AMOUNT: $ 6,380. 2015 AMOUNT: $ 9,117. 2016 AMOUNT: $ 7,024.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0192765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0187131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0194196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0182356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0355148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01111596
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt091507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt078683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0111721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt080849
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt070393
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0433153
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07024
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09117
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06380
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07391
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03723
IRS990ScheduleA/OtherIncome170Grp/TotalAmt033635
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56130
IRS990ScheduleA/PublicSupportPY170Pct00.55760
IRS990ScheduleA/PublicSupportTotal170Amt0885980
IRS990ScheduleA/SubstantialContributorsTotAmt0225616
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0192765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0187131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0194196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0182356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0355148
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01111596
IRS990ScheduleA/TotalSupportAmt01578384
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/BoardDesignatedBalanceEOYPct00.24720
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01850992
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt052639
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02060638
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt062612
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0219619
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01799730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt052722
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01850992
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt062296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01765968
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt083625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01799730
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt077090
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027227
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01582295
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt056884
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01765968
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt098456
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0225245
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01272835
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0226375
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01582295
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt070943
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0154028
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt033958
IRS990ScheduleD/ExpensesSubtotalAmt0220471
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt033958
IRS990ScheduleD/InvestmentExpensesNotIncldAmt033958
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0225699
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.67710
IRS990ScheduleD/RevenueNotReportedAmt0225699
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt033958
IRS990ScheduleD/RevenueSubtotalAmt0360834
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 2017 AND 2016. 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, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.07570
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0254429
IRS990ScheduleD/TotalRevenuePerForm990Amt0394792
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0586533
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0220471
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt079621
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL GRANTS AND SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt070
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/ExplanationTxt0ALL 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/ExplanationTxt1"MEMBERS," AS DESCRIBED ON SCHEDULE O, PART VI, SECTION A, LINE 6, MAY ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3BOARD 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/ExplanationTxt4ALPHA KAPPA PSI FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/StatesWhereCopyOfReturnIsFldCd1AL
IRS990/StatesWhereCopyOfReturnIsFldCd2AR
IRS990/StatesWhereCopyOfReturnIsFldCd3CA
IRS990/StatesWhereCopyOfReturnIsFldCd4CT
IRS990/StatesWhereCopyOfReturnIsFldCd5FL
IRS990/StatesWhereCopyOfReturnIsFldCd6GA
IRS990/StatesWhereCopyOfReturnIsFldCd7HI
IRS990/StatesWhereCopyOfReturnIsFldCd8IL
IRS990/StatesWhereCopyOfReturnIsFldCd9KS

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