Overview
What is Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc?
The Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc is a nonprofit organization that prioritizes education and academic support. It grants scholarships to distinguished high school graduates who are eager to pursue higher education. Moreover, the foundation offers tutoring services to aid students in their studies, further fostering their academic growth. The organization raises funds primarily to support these educational initiatives.
Official website here: www.kapsicincinnati.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 83%. This rating is derived entirely from the Accountability & Finance category, indicating the organization's transparency and responsible financial management. The foundation has received high marks for having a fully independent board and for maintaining a strong program expense ratio of 88.18%, suggesting that a significant portion of its expenses is directed towards its mission-driven programs.
While the organization exhibits strengths in areas such as board independence and asset management, it falls short in some policy areas. Specifically, the foundation lacks a conflict of interest policy and a whistleblower policy, which are critical for demonstrating good governance practices. Additionally, the Tax Form is not posted on the nonprofit's website, which could hinder transparency efforts and public trust.
Overall, the Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc shows a solid commitment to accountability, but addressing the noted policy gaps could enhance its operational integrity and effectiveness in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc legitimate?
Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Alumni Chapter 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.kapsicincinnati.com
What is the mission statement of Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc?
The Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc is committed to providing scholarships to deserving high school seniors who are planning to attend college. Additionally, the foundation offers tutoring services to students in need. By raising funds, the foundation is able to support these academic initiatives. The organization's mission is centered around empowering young individuals through education, recognizing their potential, and providing the necessary resources to help them succeed in their higher education journey.
Official website here: www.kapsicincinnati.com
Who is the CEO of Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc?
Pervis H Bearden Sr is the President of Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc.
Official website here: www.kapsicincinnati.com
What is the revenue of Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc?
Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc's revenue in 2022 was $112,074.
Official website here: www.kapsicincinnati.com
Who are the executives of Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc and what are their salaries?
There 10 volunteers at Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc.
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Official website here: www.kapsicincinnati.com
Where can I find the form 990 for Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc?
Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kapsicincinnati.com
Learn more at the official website: www.kapsicincinnati.com
Mission Statement of Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc
The Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc is dedicated to supporting deserving high school seniors with their college aspirations. This nonprofit organization provides scholarships to these students, recognizing their academic achievements and potential. Beyond scholarships, the foundation also offers tutoring services, aiming to enhance the academic performance of students and equip them with the necessary skills for higher education. The foundation raises funds to sustain these initiatives, demonstrating its commitment to the educational growth and success of young individuals.
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Impact
October, 2024
Cincinnati Alumni Chapter Kappa Alpha Psi Foundation Inc significantly impacts the community by empowering high school seniors through scholarships that facilitate their pursuit of higher education. By providing financial assistance to deserving students, the foundation alleviates some of the economic burdens associated with college tuition, enabling more young individuals to achieve their academic goals.
In addition to scholarships, the foundation enhances educational outcomes by offering tutoring services to students. This support not only helps improve academic performance but also fosters a culture of learning and mentorship within the community. The foundation's commitment to education cultivates a generation of informed and skilled individuals, ultimately contributing to the overall development and progress of the Cincinnati area. Through fundraising and community engagement, the foundation continues to make a lasting difference in the lives of students, encouraging their aspirations and dreams for a brighter future.
This information is meant to be a general summary of Cincinnati Alumni Chapter 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.
- Gross Receipts: $112,074
Assets and Liabilities:
- Total Assets: $151,538
- Total Liabilities: $0
- Net Assets: $151,538
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Organization Details
Founding Year
2011
Phone
(513) 205-5560Principal Officer
Pervis H Bearden Sr
Main Address
PO BOX 185, CINCINNATI, OH, 45201
Website
www.kapsicincinnati.comNTEE Category
Code: B82 - Education
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