Overview
What is Kappa Alpha Psi Foundation Inc?
Kappa Alpha Psi Foundation Inc, located at 2322-24 North Broad Street, Philadelphia, PA 19132, is a small yet impactful nonprofit organization. Its primary objective is to provide grants to support various initiatives within the 12 regional provinces of Kappa Alpha Psi Fraternity, Inc., with a particular focus on serving African-American communities. The foundation's mission is to aid members of the fraternity and individuals engaged in community service, ensuring that these efforts continue to thrive. Beyond providing financial assistance, the foundation's activities also include offering scholarships, thereby fostering educational opportunities within these communities.
Official website here: www.thekappafoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The Kappa Alpha Psi Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 83%. The organization demonstrates a commitment to effective governance, evidenced by 100% of its board members being independent and a solid financial health as indicated by a low liabilities to assets ratio of 4.93%. Their program expense ratio stands at 78.72%, showcasing a significant focus on their mission-driven activities.
In terms of culture and community, the foundation excels with a perfect score of 100%. They have effectively engaged with constituents, collecting and utilizing feedback to improve their services. Their practices in equity strategies and data are also highly rated, indicating a robust approach to inclusivity and responsiveness to community needs.
However, the foundation has limitations, particularly regarding governance policies, as it lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Despite these gaps, the overall strong performance in other areas suggests that Kappa Alpha Psi Foundation Inc is a reputable nonprofit committed to its mission and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Kappa Alpha Psi Foundation Inc legitimate?
Kappa Alpha Psi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kappa Alpha Psi Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.thekappafoundation.org/
What is the mission statement of Kappa Alpha Psi Foundation Inc?
The Kappa Alpha Psi Foundation Inc's mission is centered around providing support to members of the Kappa Alpha Psi Fraternity Inc. and individuals serving communities, with a special focus on African-American communities. Their primary goal is to offer assistance in various forms, with a strong emphasis on this particular demographic. The foundation also provides financial aid through grants to some of the 12 regional provinces, primarily for scholarship programs. Their activities are geared towards uplifting and empowering these communities.
Official website here: www.thekappafoundation.org/
Who is the CEO of Kappa Alpha Psi Foundation Inc?
Martin Hubbard is the Board Direct of Kappa Alpha Psi Foundation Inc.
Official website here: www.thekappafoundation.org/
What is the revenue of Kappa Alpha Psi Foundation Inc?
Kappa Alpha Psi Foundation Inc's revenue in 2022 was $768,956.
Official website here: www.thekappafoundation.org/
Who are the executives of Kappa Alpha Psi Foundation Inc and what are their salaries?
There is 1 employee at Kappa Alpha Psi Foundation Inc.
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Official website here: www.thekappafoundation.org/
Where can I find the form 990 for Kappa Alpha Psi Foundation Inc?
Kappa Alpha Psi Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thekappafoundation.org/
Learn more at the official website: www.thekappafoundation.org/
Mission Statement of Kappa Alpha Psi Foundation Inc
Kappa Alpha Psi Foundation Inc is dedicated to supporting the Kappa Alpha Psi Fraternity Inc. members and individuals serving communities, with a specific focus on African-American communities. The foundation's mission is to provide aid in various forms, with a particular emphasis on these communities. It achieves this by offering financial assistance through grants to some of the 12 regional provinces, which in turn use these funds to provide scholarships. This commitment to education and community service underscores Kappa Alpha Psi Foundation Inc's role in uplifting its target demographic and fostering growth and development within these communities.
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Impact
October, 2024
Kappa Alpha Psi Foundation Inc significantly impacts communities by providing essential support to Kappa Alpha Psi Fraternity, Inc. members and others dedicated to service, with a particular focus on African-American communities. The foundation awards grants to the fraternity's 12 regional provinces, which facilitate scholarships aimed at promoting education and empowering individuals. By prioritizing educational initiatives, the foundation fosters academic achievement, enhances the quality of life, and encourages community engagement, creating a ripple effect that benefits society as a whole. Through its commitment to service and support, Kappa Alpha Psi Foundation Inc plays a crucial role in uplifting and inspiring future generations.
This information is meant to be a general summary of Kappa Alpha Psi Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$671,230
- Gross Receipts: $768,956
Assets and Liabilities:
- Total Assets: $5,095,404
- Total Liabilities: $251,627
- Net Assets: $4,843,777
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Organization Details
Founding Year
1981
Phone
(215) 228-7184Principal Officer
Martin Hubbard
Main Address
2322-24 NORTH BROAD STREET, PHILADELPHIA, PA, 19132
Website
www.thekappafoundation.org/NTEE Category
Code: B84 - Education
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