Overview
What is Alpha Kappa Psi Foundation Inc?
Alpha Kappa Psi Foundation Inc is a philanthropic organization situated in Noblesville, Indiana. Its primary mission is to empower future business leaders by providing financial assistance through various grants and scholarships. These awards cater to undergraduate and graduate students, including those with exceptional academic records, those making significant contributions to their schools and communities, and students with specific areas of study or chapter affiliations. The foundation's efforts aim to enrich the educational experience of its recipients, contributing to the development of skilled and dedicated business leaders.
Official website here: www.akpsifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 73%, Two-Star out of Four Star rating. The Alpha Kappa Psi Foundation Inc has received a two-star rating indicating that while the organization exhibits strong accountability and financial practices, there are significant concerns regarding its program expenses. The foundation scored a perfect 100% in the Accountability & Finance category, demonstrating solid governance practices and complete adherence to key policies, including conflict of interest and whistleblower protections.
The foundation's strengths lie in its independent board composition, which is fully compliant, and its diligent financial management, characterized by a low liabilities to assets ratio. These factors suggest a commitment to responsible oversight and transparency, which are critical for donor confidence and organizational integrity.
However, the program expense ratio is notably low, indicating that a minimal portion of the foundation's finances is allocated directly to its programs. This raises questions about the effectiveness and impact of the foundation's initiatives, which may be a point of concern for potential donors and stakeholders. Overall, while the foundation demonstrates commendable governance and financial management, it must improve its program spending to enhance its overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Kappa Psi Foundation Inc legitimate?
Alpha Kappa Psi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Kappa 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $239,537
For more financial information, click here
Official website here: www.akpsifoundation.org
What is the mission statement of Alpha Kappa Psi Foundation Inc?
The Alpha Kappa Psi Foundation Inc's mission is centered around providing resources to enhance the educational experience of budding business leaders. This mission is carried out by distributing various grants and scholarships to undergraduate and graduate students. These scholarships cater to different categories, such as the Academy (leadership development conference), Academic Team (top scholars who contribute positively to their school and community), and Restricted Scholarships (based on specific areas of study, chapters, or donor stipulations).
Official website here: www.akpsifoundation.org
Who is the CEO of Alpha Kappa Psi Foundation Inc?
C Steven Hartman is the CEO of Alpha Kappa Psi Foundation Inc The CEO's salary of Alpha Kappa Psi Foundation Inc is $0 and their total compensation is $0.
Official website here: www.akpsifoundation.org
What is the revenue of Alpha Kappa Psi Foundation Inc?
Alpha Kappa Psi Foundation Inc's revenue in 2023 was $157,636.
Official website here: www.akpsifoundation.org
Who are the executives of Alpha Kappa Psi Foundation Inc and what are their salaries?
There 25 volunteers at Alpha Kappa Psi Foundation Inc.
Here are 9 key members and their salaries (Alpha Kappa Psi Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.akpsifoundation.org
Where can I find the form 990 for Alpha Kappa Psi Foundation Inc?
Alpha Kappa Psi Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.akpsifoundation.org
Learn more at the official website: www.akpsifoundation.org
Mission Statement of Alpha Kappa Psi Foundation Inc
Alpha Kappa Psi Foundation Inc is committed to supporting the educational growth of future business leaders. Their mission is to distribute resources aimed at enhancing the learning experience of undergraduate and graduate students. Through various grants and scholarships, they aim to empower individuals who are making positive contributions to their schools and communities, preparing them for successful careers in business. These scholarships are categorized into several groups, including those for attending leadership development conferences, academically outstanding students, and those with specific academic interests or chapter affiliations, as stipulated by donors.
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Impact
October, 2024
Alpha Kappa Psi Foundation Inc significantly enhances the educational experience of future business leaders by providing vital resources, including grants and scholarships. Each year, the foundation distributes over 30 scholarships aimed at supporting undergraduate and graduate students. These scholarships are designed for various purposes, such as the Academy for leadership development, the Academic Team for top scholars who positively impact their schools and communities, and restricted scholarships tailored to specific areas of study or donor stipulations. By investing in the education of aspiring business leaders, the foundation plays a crucial role in fostering the next generation of professionals who will contribute positively to society and the business world.
This information is meant to be a general summary of Alpha Kappa 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 2023.
- Investment Income: $116,634
- Gross Receipts: $6,845,496
Assets and Liabilities:
- Total Assets: $4,970,263
- Total Liabilities: $167,130
- Net Assets: $4,803,133
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Organization Details
Founding Year
1951
Principal Officer
Carl Steven Hartman
Website
www.akpsifoundation.orgNTEE Category
Code: B84Z - Education
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