Overview
What is Kappa Alpha Psi Foundation Of Maryland Inc?
Kappa Alpha Psi Foundation of Maryland Inc. is a nonprofit organization situated in Bowie, Maryland, with a postal address at 12138 Central Avenue. Their primary focus is on uplifting African American male youth. They offer Male Enhancement programs, aiming to empower and support this demographic. Additionally, they conduct Scholastic Achievement Test (SAT) preparation workshops and provide financial aid guidance for college-bound senior high school students. Furthermore, they award scholarships to freshmen and sophomore students pursuing higher education at two to four-year colleges. The organization's mission is to foster academic success and personal growth among African American youth while providing educational resources and financial assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (73%)
The Kappa Alpha Psi Foundation of Maryland Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain governance areas despite demonstrating strong accountability and finance metrics. The organization scored 100% in the Accountability & Finance beacon, showing effective management of its assets and a high program expense ratio of 87.10%, which reflects a significant commitment to its mission-related activities.
Strengths of the foundation include a fully independent board and a solid structure for managing financial liabilities. However, the organization has several critical governance gaps, such as the absence of key policies like conflict of interest and whistleblower protections, which could impact transparency and accountability. Additionally, the lack of a publicly available tax form disclosure raises concerns about the foundation's commitment to openness.
Overall, while the Kappa Alpha Psi Foundation of Maryland Inc shows a commendable financial performance and board independence, the noted deficiencies in governance policies suggest that improvements are necessary to enhance trust and operational integrity within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Kappa Alpha Psi Foundation Of Maryland Inc legitimate?
Kappa Alpha Psi Foundation Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kappa Alpha Psi Foundation Of Maryland 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: $0
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What is the mission statement of Kappa Alpha Psi Foundation Of Maryland Inc?
The Kappa Alpha Psi Foundation of Maryland Inc's mission is centered around enhancing opportunities for African American male youth. Primarily, this is achieved through the provision of educational programs. One such program is the offering of scholarships to freshmen and sophomore students enrolled in two to four-year colleges. Additionally, the foundation conducts SAT preparation workshops to help college-bound high school seniors excel in their tests. Furthermore, financial aid workshops are also part of their initiatives to support these young individuals in their academic pursuits.
Who is the CEO of Kappa Alpha Psi Foundation Of Maryland Inc?
Unavailable
What is the revenue of Kappa Alpha Psi Foundation Of Maryland Inc?
Kappa Alpha Psi Foundation Of Maryland Inc's revenue in 2022 was $35,256.
Who are the executives of Kappa Alpha Psi Foundation Of Maryland Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kappa Alpha Psi Foundation Of Maryland Inc?
Kappa Alpha Psi Foundation Of Maryland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kappa Alpha Psi Foundation Of Maryland Inc
Kappa Alpha Psi Foundation of Maryland Inc is dedicated to serving the African American community, with a particular focus on male youth. Their primary mission is to provide educational programs aimed at enhancing the academic abilities of these young men. This is achieved through SAT preparation workshops, designed to help them excel in college entrance exams. Furthermore, the foundation offers college scholarship awards for freshmen and sophomore students, providing financial assistance to those pursuing higher education at two-to-four-year colleges. The foundation's mission is a testament to their commitment to empowering the next generation of African American males, equipping them with the necessary tools for academic success.
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Impact
August, 2024
Kappa Alpha Psi Foundation Of Maryland Inc's impact is significant in providing male enhancement programs primarily for African American male youth in the Bowie, Maryland area. They offer SAT preparation workshops and financial aid workshops for college-bound senior high students, aiming to empower these young men to achieve academic success and pursue higher education. Additionally, the foundation provides college scholarship awards for freshmen and sophomore students matriculating at two to four-year colleges, further supporting the educational advancement of African American males. Through their focus on education, Kappa Alpha Psi Foundation Of Maryland Inc is making a positive difference in the lives of young men in their community.
This information is meant to be a general summary of Kappa Alpha Psi Foundation Of Maryland 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: $35,256
Assets and Liabilities:
- Total Assets: $49,413
- Total Liabilities: $0
- Net Assets: $49,413
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Organization Details
Founding Year
1990
Phone
(240) 475-2553Main Address
12138 Central Avenue, Bowie, MD, 20721
NTEE Category
Code: B83 - Education
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