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Alpha Kappa Lambda Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311114431 ✦ Carmel, IN ✦ Designated as a 501(c)(3)

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Overview

What is Alpha Kappa Lambda Education Foundation Inc?

The Alpha Kappa Lambda Education Foundation is a nonprofit organization that primarily focuses on educational grantmaking. They provide financial support for individuals to attend various educational and leadership programs organized by the fraternity. Furthermore, the Foundation accepts restricted donations, which are allocated towards chapter-specific funds, primarily used for scholarships, leadership initiatives, and infrastructure improvements within the fraternity. The organization's mission is to foster education and leadership development within its community.


Official website here: www.akl.org/found.html

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star rating. This high rating reflects the organization’s strong performance in accountability and finance, indicating a trustworthy and effective nonprofit.

The Alpha Kappa Lambda Education Foundation Inc demonstrates exceptional governance, with an independent board comprising all members and no recorded material diversion of assets. Their policies on conflict of interest, whistleblower protections, and document retention are thorough, contributing to their exemplary accountability score. The foundation's financial health is also notable, with a very low liabilities-to-assets ratio and a solid program expense ratio, showing that a significant portion of their funding goes directly to their programs.

However, while the foundation excels in financial management, further information regarding the impact of their programs and overall effectiveness in achieving their mission could enhance their transparency for potential donors. Overall, the organization exhibits a strong commitment to ethical practices and financial responsibility.


This AI summary has been generated from information found on Charity Navigator.

Is Alpha Kappa Lambda Education Foundation Inc legitimate?

Alpha Kappa Lambda Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Kappa Lambda Education 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $8,050
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.akl.org/found.html

What is the mission statement of Alpha Kappa Lambda Education Foundation Inc?

The Alpha Kappa Lambda Education Foundation's mission is centered around educational grantmaking. They achieve this by providing financial assistance to individuals participating in various educational and leadership programs offered by the fraternity. The foundation also accepts restricted gifts, which are allocated towards chapter purpose funds, specifically for scholarships, leadership initiatives, and infrastructure improvements.


Official website here: www.akl.org/found.html

Who is the CEO of Alpha Kappa Lambda Education Foundation Inc?

Jeremy D Slivinski is the President of Alpha Kappa Lambda Education Foundation Inc.


Official website here: www.akl.org/found.html

What is the revenue of Alpha Kappa Lambda Education Foundation Inc?

Alpha Kappa Lambda Education Foundation Inc's revenue in 2022 was $58,215.


Official website here: www.akl.org/found.html

Who are the executives of Alpha Kappa Lambda Education Foundation Inc and what are their salaries?

There 4 volunteers at Alpha Kappa Lambda Education Foundation Inc.


Here are 4 key members and their salaries:


Matthew Gatrell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Coburn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Keith Gilchrist (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Slivinski (Chief Operating Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.akl.org/found.html

Where can I find the form 990 for Alpha Kappa Lambda Education Foundation Inc?

Alpha Kappa Lambda Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.akl.org/found.html

Learn more at the official website: www.akl.org/found.html

Mission Statement of Alpha Kappa Lambda Education Foundation Inc

Alpha Kappa Lambda Education Foundation Inc is dedicated to furthering education and leadership development through grantmaking. The organization provides financial assistance to individuals participating in various educational programs offered by the fraternity. Beyond this, the Foundation also accepts restricted gifts that are earmarked for chapter purpose funds. These funds are utilized for a wide range of educational initiatives, including scholarships, leadership programs, and infrastructure improvements. By providing such support, Alpha Kappa Lambda Education Foundation Inc plays a crucial role in fostering academic growth and leadership skills among its recipients.

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Impact




August, 2024

The impact of Alpha Kappa Lambda Education Foundation Inc is evident in its support for educational grantmaking, which enables attendees to participate in various educational and leadership programs offered by the fraternity. This funding empowers individuals to enhance their knowledge and skills, ultimately contributing to their personal and professional development. Additionally, the Foundation's acceptance of restricted gifts towards scholarships, leadership initiatives, and infrastructure improvements further amplifies its impact within the fraternity and beyond. Through its initiatives, the Foundation plays a vital role in fostering learning, growth, and opportunity for its beneficiaries.




This information is meant to be a general summary of Alpha Kappa Lambda Education 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.

Revenue
$58,215 (2022)
Expenses
$72,447 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$5,084
  • Gross Receipts: $64,700

Assets and Liabilities:

  • Total Assets: $407,996
  • Total Liabilities: $694
  • Net Assets: $407,302

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Organization Details

Founding Year

1983

Principal Officer

Jeremy D Slivinski

Main Address

354 GRADLE DRIVE, Carmel, IN, 46032

NTEE Category

Code: B83Z - Education

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