Civic Intelligence

Kappa Foundation Inc.

990 • Fiscal year 2023 • EIN 37-1709106

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 30, 2024

23800 W 10 MILE ROAD Ste STE 210Southfield, MI 48033

(248) 640-1782

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

74th percentile

22%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2023

Revenue Growth

75th percentile

35%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2023

Assets

Up

$104,403

Up $47,201 (+83%) from 2020

Net Assets

$104,403

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$63,862

Up $37,893 (+146%) from 2020

Expenses

Up

$38,966

Up $14,133 (+57%) from 2020

Net Income

Up

$24,896

Up $23,760 (+2092%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2019: $60,713Liabilities 2019: $0Net Assets 2019: $60,7132019Assets 2020: $57,202Liabilities 2020: $02020Assets 2023: $104,403Liabilities 2023: $0Net Assets 2023: $104,4032023Assets 2024: $111,473Liabilities 2024: $0Net Assets 2024: $146,7572024

Highlighted filing

2023

Assets$104,403
Liabilities$0
Net Assets$104,403

Operations Trend

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

$100K$50K$0Revenue 2019: $52,396Expenses 2019: $34,222Net Income 2019: $18,1742019Revenue 2020: $25,969Expenses 2020: $24,833Net Income 2020: $1,1362020Revenue 2023: $63,862Expenses 2023: $38,966Net Income 2023: $24,8962023Revenue 2024: $91,877Expenses 2024: $49,523Net Income 2024: $42,3542024

Highlighted filing

2023

Revenue$63,862
Expenses$38,966
Net Income$24,896
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 30, 2024
Return Version
2023v5.1
Gross Receipts
$63,862
Mission and Program Overview

Mission

The Kappa Foundation is a 501(C)(3) non-profit organization designed to promote education and community service in Ann Arbor, Ypsilanti, Inkster and surronding communities.

To make grants to other organizations that qualify as exempt under internal revenue code that promote educational opportunites for youth

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,411$69,230▲ $33,819
Savings and Temporary Cash Investments$51,089$35,173▼ $15,916
Total Assets$86,500$104,403▲ $17,903
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,500$104,403▲ $17,903
Total Net Assets Fund Balance$86,500$104,403▲ $17,903
Total Liabilities and Net Assets / Fund Balance$86,500$104,403▲ $17,903
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sherman TaylorPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$63,862
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$63,862
Change in Net Assets
$24,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,000
Other Expenses$13,966
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,000--$25,000
Office Expenses-$840-$13,606
Information Technology-$360-$360
Total Functional Expenses$25,000$1,200$0$38,966
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
Backup withholding compliance
No
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

Governance Explanations

Part VI Line 11B

return is reviewed then approved before filing

Part VI Line 15A or B

volunteer organization, no paid positions

Part VI Line 19

Made available upon request

Filing and Contact Details

Filer

Filer Name
Ann Arbor Ypsilanti Inkster Kappa Foundation
EIN
37-1709106
In Care Of
% ANDRE STRINGFELLOW
Phone
2486401782
Address
23800 W 10 MILE ROAD Ste STE 210, SOUTHFIELD, MI 48033
Doing Business As
The Kappa Foundation Inc

Signing Officer

Name
Andre Stringfellow
Title
Treasurer
Phone
3136769110
Signed
2024-06-30

Organization Details

Principal Officer
Sherman Taylor
Formed
2013
Legal Domicile
Mi
Voting Board Members
0
Independent Board Members
0
Employees
0
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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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