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Alpha Kappa Psi Scholarship Fund

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

EIN: 411925673 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Alpha Kappa Psi Scholarship Fund?

Alpha Kappa Psi Scholarship Fund is a nonprofit organization, specifically located in Minneapolis, Minnesota. Their primary mission is to foster business education at the University of Minnesota's Carlson School of Management. They achieve this by granting merit-based and need-based scholarships to eligible students. Furthermore, the fund also provides housing in the AKY house, contributing to the overall support and development of these scholars. By doing so, Alpha Kappa Psi Scholarship Fund plays a vital role in nurturing future business leaders at the University of Minnesota.


Official website here: www.akpsischolarships.org

Is Alpha Kappa Psi Scholarship Fund legitimate?

Alpha Kappa Psi Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Kappa Psi Scholarship Fund 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: $39,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.akpsischolarships.org

What is the mission statement of Alpha Kappa Psi Scholarship Fund?

The Alpha Kappa Psi Scholarship Fund's mission is centered around promoting business education. They achieve this by granting merit-based and need-based scholarships to deserving students attending the University of Minnesota's Carlson School of Management. In addition to financial aid, the fund also provides housing for students in the AKY house, furthering their academic and social experiences. By doing so, the fund aims to support and empower students in their business studies.


Official website here: www.akpsischolarships.org

Who is the CEO of Alpha Kappa Psi Scholarship Fund?

Richard Perrine is the Principal Officer of Alpha Kappa Psi Scholarship Fund.


Official website here: www.akpsischolarships.org

What is the revenue of Alpha Kappa Psi Scholarship Fund?

Alpha Kappa Psi Scholarship Fund's revenue in 2023 was $281,614.


Official website here: www.akpsischolarships.org

Who are the executives of Alpha Kappa Psi Scholarship Fund and what are their salaries?

There 17 volunteers at Alpha Kappa Psi Scholarship Fund.


Here are 18 key members and their salaries:


Holly Anderson (Executive Director)
  • Compensation: $39,400
  • Related: $0
  • Other: $0
Richard A Perrine (President & Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myron C Martin (Vp & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois M Martin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura C Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam J Krasnoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Vaupel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary M Lechko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Vanderhayden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lila M Chu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark W Foley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade A Zander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley P Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Podvin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Hotz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Stevenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drew Reilly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.akpsischolarships.org

Where can I find the form 990 for Alpha Kappa Psi Scholarship Fund?

Alpha Kappa Psi Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.akpsischolarships.org

Learn more at the official website: www.akpsischolarships.org

Mission Statement of Alpha Kappa Psi Scholarship Fund

Alpha Kappa Psi Scholarship Fund is dedicated to fostering business education at the University of Minnesota's Carlson School of Management. This nonprofit organization achieves its mission by providing merit-based and need-based scholarships to eligible students attending the university. In addition to financial aid, Alpha Kappa Psi Scholarship Fund also offers housing in the AKY house, providing a supportive environment for scholars. The fund's mission is to empower and support students pursuing business education, assisting them in overcoming financial barriers and thriving in their academic journey.

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Impact




October, 2024

The Alpha Kappa Psi Scholarship Fund significantly impacts the educational landscape at the University of Minnesota, particularly within the Carlson School of Management. By awarding both merit-based and need-based scholarships, this fund alleviates financial burdens, enabling students to focus on their studies and professional development.

These scholarships are crucial for fostering a diverse and talented pool of future business leaders, ensuring that deserving students have access to quality education regardless of their financial situation. Additionally, the provision of housing in the AKY house creates a supportive community for scholars, enhancing their overall educational experience and encouraging collaboration among peers.

Ultimately, the Alpha Kappa Psi Scholarship Fund plays an essential role in promoting business education, helping to shape the next generation of professionals in Minnesota and beyond.




This information is meant to be a general summary of Alpha Kappa Psi Scholarship Fund. 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
$281,614 (2023)
Expenses
$333,632 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $79,793
  • Gross Receipts: $391,022

Assets and Liabilities:

  • Total Assets: $3,641,146
  • Total Liabilities: $4,282
  • Net Assets: $3,636,864

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Organization Details

Founding Year

1998

Principal Officer

Richard Perrine

Main Address

PO BOX 16553, MINNEAPOLIS, MN, 554160553

NTEE Category

Code: B82 - Education

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