Overview
What is Kappa Alpha Psi Foundation Of Metro Balt Inc?
Kappa Alpha Psi Foundation of Metro Balt Inc, situated in Baltimore, Maryland, is a nonprofit organization with a mission to provide support and foster unity within the community. Their activities encompass various initiatives, such as maintaining facilities to enhance their programs. One of their primary focuses is supporting seniors and the elderly. They also offer scholarships and assistance to students pursuing higher education at colleges and universities. Additionally, they provide supplies to students and offer support to youth in the local community. The organization's mission is multifaceted, aiming to uplift and empower diverse sectors of society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Kappa Alpha Psi Foundation Of Metro Balt Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with a score of 68%. While the organization has excelled in areas such as having a majority independent board and recording board meeting minutes, its program expense ratio was notably low at 60.66%, which may raise concerns about the allocation of funds towards its mission.
Strengths of the foundation include a fully independent board and a strong score in accountability and finance metrics. The organization scored full points in areas like the material diversion of assets and its liabilities to assets ratio, suggesting sound financial practices in these respects. These strengths indicate a degree of transparency and governance that is commendable.
However, the foundation's program expense ratio highlights potential inefficiencies in fund utilization. The score of 13 out of 25 in this area suggests that a smaller portion of its resources is being directed toward programmatic activities, which could limit its impact. Overall, while the foundation demonstrates strong governance, improvements in financial allocation could enhance its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kappa Alpha Psi Foundation Of Metro Balt Inc legitimate?
Kappa Alpha Psi Foundation Of Metro Balt Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kappa Alpha Psi Foundation Of Metro Balt 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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What is the mission statement of Kappa Alpha Psi Foundation Of Metro Balt Inc?
The Kappa Alpha Psi Foundation of Metro Balt Inc's mission is centered around providing support and fostering unity within the community. Specifically, they aim to assist seniors and the elderly, offer scholarships and support to students attending colleges and universities, provide essential supplies to students, and offer aid to youth in the community. Their activities also extend to offering scholarships and resources to students, ensuring they have the necessary tools for their education. The foundation is committed to promoting unity and providing assistance in various capacities.
Who is the CEO of Kappa Alpha Psi Foundation Of Metro Balt Inc?
Charles E Harris is the President of Kappa Alpha Psi Foundation Of Metro Balt Inc.
What is the revenue of Kappa Alpha Psi Foundation Of Metro Balt Inc?
Kappa Alpha Psi Foundation Of Metro Balt Inc's revenue in 2022 was $182,804.
Who are the executives of Kappa Alpha Psi Foundation Of Metro Balt Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Kappa Alpha Psi Foundation Of Metro Balt Inc?
Kappa Alpha Psi Foundation Of Metro Balt Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kappa Alpha Psi Foundation Of Metro Balt Inc
Kappa Alpha Psi Foundation of Metro Balt Inc is committed to serving its community in several ways. At its core, its mission is to promote unity and provide support. More specifically, the foundation focuses on assisting seniors and the elderly, offering them essential aid. Additionally, it provides scholarships and support to students attending colleges and universities. Furthermore, the foundation extends its support to youth within the community, offering them necessary supplies. Overall, Kappa Alpha Psi Foundation of Metro Balt Inc strives to make a positive impact on various demographics in its community by providing essential aid and support.
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Impact
October, 2024
Kappa Alpha Psi Foundation of Metro Balt Inc significantly impacts the Baltimore community by promoting unity and providing essential support to various demographics. The foundation prioritizes assisting seniors and the elderly, ensuring they receive the necessary resources and care to enhance their quality of life.
In addition to supporting seniors, the foundation is dedicated to education, offering scholarships and support to students pursuing higher education at colleges and universities. By providing educational supplies and resources to students, the foundation helps bridge gaps in access and supports academic success.
Furthermore, the foundation engages with the youth in the community, fostering an environment of growth, mentorship, and empowerment. Through various program initiatives and the maintenance of facilities for these programs, Kappa Alpha Psi Foundation plays a crucial role in uplifting the community and creating a supportive network that fosters education and unity.
This information is meant to be a general summary of Kappa Alpha Psi Foundation Of Metro Balt 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.
- Investment Income: -$427
- Gross Receipts: $292,321
Assets and Liabilities:
- Total Assets: $682,153
- Total Liabilities: $392,871
- Net Assets: $289,282
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Organization Details
Founding Year
1994
Phone
(410) 961-8286Principal Officer
Charles E Harris
Main Address
1207 Eutaw Place, Baltimore, MD, 21217
NTEE Category
Code: B82 - Education
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