2024-05-14T14:03:28-05:00 2023-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2022-07-01 352018908 ALPHA KAPPA PSI FRATERNITY INC ALPH 3178721553 8001 E 196TH STREET NOBLESVILLE IN 46062 CARL STEVEN HARTMAN CEO 3178721553 2024-05-13 1 CARL STEVEN HARTMAN 999009999 1 CASSE TATE P01271193 3175802000 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARL STEVEN HARTMAN 8001 E 196TH STREET NOBLESVILLE IN 46062 18274400 0 8265 X WWW.AKPSI.ORG X 1904 IN TO FURTHER THE WELFARE OF ITS MEMBERS AND FOSTER RESEARCH IN COMMERCE, ACCOUNTING, AND FINANCE. ALPHA KAPPA PSI FRATERNITY DEVELOPS PRINCIPLED BUSINESS LEADERS, BOTH OUR MEMBERS IN COLLEGE CHAPTERS ACROSS THE WORLD, BY ALUMNI MEMBERS PARTICIPATING IN ALUMNI GROUPS, LEADERSHIP DEVELOPMENT ACTIVITIES AND PROGRAMMING, AS WELL AS THE GENERAL PUBLIC BY DISTRIBUTING PERTINENT BUSINESS AND LEADERSHIP INFORMATION. 9 9 23 650 -33732 0 75000 509868 2336809 2736680 425956 -71670 185469 179156 3023234 3354034 4890 1000 0 0 1040982 1264098 0 0 0 2303819 2787590 3349691 4052688 -326457 -698654 9683802 9844160 1021195 1152283 8662607 8691877 X SEE SCHEDULE O 0 0 CHAPTER SERVICES: THE FRATERNITY PROVIDES SERVICES TO ITS APPROXIMATELY 185 CHAPTERS THROUGH DEDICATED STAFF SUPPORT, PUBLICATIONS AND RESOURCES, OVERSIGHT AND GUIDANCE. ALUMNI SERVICES: THE FRATERNITY PROVIDES SERVICES TO ITS APPROXIMATELY 28 ACTIVE ALUMNI CHAPTERS PRIMARILY THROUGH THE MAINTENANCE AND UPDATING OF MEMBERSHIP RECORDS CONVENTIONS AND MEETINGS: THE FRATERNITY HOLDS VARIOUS CONFERENCES AND FOCUSED ON LEARNING, LEADERSHIP & PROFESSIONAL DEVELOPMENT AS WELL AS EDUCATIONAL INFORMATION AND MATERIALS. EACH CONVENTION HAS APPROXIMATELY 1,000 ATTENDEES. PRINCIPLED BUSINESS LEADERSHIP INSTITUTES HAVE APPROXIMATELY 4,000 ATTENDEES IN AGGREGATE. THE FRATERNITY ALSO HOSTS A SERIES OF ONLINE LEARNING SESSIONS IN VIRTUAL COHORTS AND VIA A LEARNING MANAGEMENT SYSTEM FOCUSED ON SERVANT LEADERSHIP, INCLUSIVE LEADERSHIP, AND GENERAL LEADERSHIP DEVELOPMENT. VALUES BASED EDUCATION IS A KEY COMPONENT OF ALPHA KAPPA PSI OPERATIONS. ALPHA KAPPA PSI OFFERS SEVERAL OPPORTUNITIES FOR LIFELONG LEARNING THROUGH ONSITE EDUCATIONAL PROGRAMMING AT SPECIAL EVENTS, E-LEARNING MODULES, A VAST ARRAY OF WEBINAR OFFERINGS, AND OTHER OPPORTUNITIES. ALL EDUCATION IS FOCUSED AROUND THE CORE VALUES OF ALPHA KAPPA PSI, BROTHERHOOD, UNITY, INTEGRITY, SERVICE, AND KNOWLEDGE. EDUCATION APPLIES TO BOTH STUDENT AND ALUMNI MEMBERS OF ALPHA KAPPA PSI. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 23 1 1 1 0 0 0 0 462204 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 0 0 IN X BRIAN PARKER 3178721553 8001 E 196TH STREET NOBLESVILLE IN 46062 MICHAEL DICKSON CHAIR 1.00 X X 0 0 0 MICHAEL DICKERSON VICE CHAIR 1.00 X X 0 0 0 DON SECHLER TREASURER 1.00 X X 0 0 0 JANE AZZINARO SECRETARY 1.00 X X 0 0 0 MIRIAM TOMASELLI DIRECTOR 1.00 X 0 0 0 DEBBIE BARRETT DIRECTOR 1.00 X 0 0 0 LANE VALEYO DIRECTOR 1.00 X 0 0 0 LUKE BOTTORFF DIRECTOR (12/20/22 - CURRENT) 1.00 X 0 0 0 DAVID WENDROFF DIRECTOR 1.00 X 0 0 0 EILEEN HOWELL DIRECTOR (7/1/22 - 8/6/22) 1.00 X 0 0 0 CARL STEVEN HARTMAN CEO 40.00 X 217107 0 52662 BRIAN PARKER COO 40.00 X 142807 0 19119 359914 0 71781 2 0 1 0 0 100000 409868 509868 MEMBERSHIP DUES 611710 1842791 1842791 CONVENTION AND MEETING REVENUE 611710 454924 454924 INSURANCE FEES 524298 438965 438965 2736680 198822 198822 28938 28938 9000 0 9000 9000 9000 14609272 14879764 -270492 -270492 -270492 88728 40602 48126 48126 MISCELLANEOUS 561499 93092 93092 93092 3354034 2877898 -33732 0 X 1000 611169 545402 7114 100413 94002 23010 40320 95711 13016 26545 556956 95143 885493 32772 126896 183985 COST OF MEMBERSHIP 310652 CERTIFICATES & AWARDS 116695 BANK CHARGES 71613 PERSONNEL EXPENSES 65544 49237 4052688 55568 254105 75000 100000 140906 106301 92730 92597 242612 236735 2113819 695706 1545008 1418113 7531978 7608656 0 27653 9683802 9844160 597600 449822 341516 93000 82079 609461 1021195 1152283 X 8662607 8691877 8662607 8691877 9683802 9844160 -698654 727924 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 254717 254717 862149 171652 690497 298104 298104 698849 524054 174795 1418113 CLOSED CHAPTER ESCROW PAYABLE 83292 RIGHT OF USE LIABILITY 27653 LINE OF CREDIT 498516 609461 X 4032638 727924 727924 3304714 40320 9000 49320 3354034 4003368 0 4003368 40320 9000 49320 4052688 PART X, LINE 2: THE FRATERNITY IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(7) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. THERE WAS NO UNRELATED BUSINESS INCOME FOR FISCAL YEARS 2023 AND 2022. THE FRATERNITY FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION TAX RETURNS. THE FRATERNITY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2020. MANAGEMENT BELIEVES THAT THE FRATERNITY'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL INCOME 9,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL INCOME 9,000. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICE REVENUE DUES, FEES, AND CONVENTION FEES WERE RECEIVED. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE REVENUE DUES, FEES, AND CONVENTION FEES WERE RECEIVED. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE REVENUE DUES, FEES, AND CONVENTION FEES WERE RECEIVED. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE REVENUE DUES, FEES, AND CONVENTION FEES WERE RECEIVED. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 1 1 X X X X X 0 0 0 CARL STEVEN HARTMAN CEO 217107 0 0 0 0 0 14523 0 38139 0 269769 0 0 0 BRIAN PARKER COO 142807 0 0 0 0 0 9604 0 9515 0 161926 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS DUES ANNUALLY TO YMCA FOR THE CEO AND THEIR FAMILY. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: WE ARE RECOGNIZED AS THE PREMIER DEVELOPER OF PRINCIPLED BUSINESS LEADERS. SOCIETY VALUES THE LEADERSHIP SKILLS INSTILLED IN OUR MEMBERS AND AS A RESULT COMPETES TO OBTAIN THEIR SERVICES. MEMBERS VIEW THE ORGANIZATION AS THE PRIMARY OPPORTUNITY FOR PERSONAL AND PROFESSIONAL LEADERSHIP DEVELOPMENT. OUR MEMBERS ARE INFLUENTIAL LEADERS. THEY CONTRIBUTE TO OUR CONTINUED SUCCESSES THROUGH SUPPORT OF THE EDUCATIONAL PROGRAMS SPONSORED BY OUR ORGANIZATION. THE OBJECTIVES OF ALPHA KAPPA PSI, ADOPTED AT THE TIME OF THE FOUNDING, ARE: 1. TO FURTHER THE INDIVIDUAL WELFARE OF ITS MEMBERS; 2. TO FOSTER SCIENTIFIC RESEARCH IN THE FIELDS OF COMMERCE, ACCOUNTS, AND FINANCE; 3. TO EDUCATE THE PUBLIC TO APPRECIATE AND DEMAND HIGHER IDEAS THEREIN; AND 4. TO PROMOTE AND ADVANCE IN INSTITUTIONS OF COLLEGE RANK, COURSES LEADING TO DEGREES IN BUSINESS ADMINISTRATION. WE STRIVE TO DEVELOP A DIVERSE GLOBAL COMMUNITY OF COURAGEOUS, PRINCIPLED BUSINESS LEADERS WITH THE CAPABILITY TO DRIVE POSITIVE IMPACT THROUGHOUT THEIR LIFELONG JOURNEY. FORM 990, PART VI, SECTION A, LINE 6 ALPHA KAPPA PSI FRATERNITY IS A MEMBER-BASED ORGANIZATION. EACH CHAPTER (REGIONAL COLLECTION OF MEMBERS) IS ENTITLED TO A VOTE FOR THE ANNUAL ELECTION OF BOARD MEMBERS. THIS IS THE ONLY EXTENT TO WHICH MEMBERS PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. MEMBERS HAVE NO RIGHTS TO RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A AS DISCUSSED ON SCHEDULE O, PART VI, SECTION A, LINE 6, EACH CHAPTER OF ALPHA KAPPA PSI FRATERNITY IS ENTITLED TO 1 VOTE ON THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS. EACH APRIL, THE CHAPTERS RECEIVE A BALLOT WITH THE INDIVIDUALS RUNNING FOR BOARD ELECTION. FORM 990, PART VI, SECTION A, LINE 8B THE FRATERNITY EXECUTIVE COMMITTEE DOES MEET DURING THE YEAR IN EXECUTIVE SESSION, BUT MINUTES ARE NOT TAKEN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS THEN SUBMITTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALPHA KAPPA PSI FRATERNITY'S BOARD MEMBERS AND MEMBERS OF MANAGEMENT ARE REQUIRED TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. DISCLOSURES ARE REQUIRED NOT LESS THAN ONCE ANNUALLY. ANY CURRENT CONFLICTS WITH TOPICS ON THE BOARD MEETING AGENDA ARE DISCUSSED DURING THAT MEETING. ANY AND ALL CONFLICTS ARE ADDRESSED AND RESOLVED BY THE CEO AND/OR BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A ALPHA KAPPA PSI FRATERNITY'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE CEO'S ANNUAL COMPENSATION AND BONUS PLAN. NOT LESS THAN ONCE EVERY 5 YEARS, THE EXECUTIVE COMMITTEE PERFORMS A COMPENSATION STUDY USING EXTERNAL MARKET DATA. ALL DECISIONS AND DELIBERATION ARE DOCUMENTED AND MAINTAINED IN ACCORDANCE WITH THE FRATERNITY'S DOCUMENT RETENTION POLICY. THE CEO CONDUCTS AN ANNUAL REVIEW OF THE CHIEF OPERATING OFFICER AND DETERMINES ANY SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 19 ALPHA KAPPA PSI FRATERNITY MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 5: THE FRATERNITY ENTERED INTO A DEFERRED COMPENSATION PLAN FOR ONE OF ITS EXECUTIVE EMPLOYEES DURING THE YEAR ENDED JUNE 30, 2018. THE LIABILITY IS TO BE PAID WHEN THE COVERED EMPLOYEE HAS A SEVERANCE OF EMPLOYMENT OR REACHED THE EARLIER OF THE AGE OF 70 OR DEATH. THE INCREASE IN THE LIABILITY EACH YEAR IS MATCHED BY A CONTRIBUTION TO A DESIGNATED INVESTMENT ACCOUNT, WHICH WITH ESTIMATED EARNINGS AND ANNUAL CONTRIBUTIONS WILL BE USED TO PAY THE DEFERRED COMPENSATION. THE FRATERNITY HAS AGREED TO CONTRIBUTE $20,000 PER YEAR BEGINNING SEPTEMBER 1, 2017 THROUGH SEPTEMBER 1, 2026. THE EMPLOYEE'S BALANCE WILL BEGIN VESTING IN SEPTEMBER 2022 IF THE VESTING GOALS ARE MET. THE EMPLOYEE HAD ONE DISTRIBUTION TOTALING $24,000 IN 2023. THE BALANCE OF THE DESIGNATED INVESTMENT ACCOUNT AND THE DEFERRED COMPENSATION LIABILITY WAS $126,047 AND $117,739 AT JUNE 30, 2023 AND 2022, RESPECTIVELY. THE DESIGNATED INVESTMENT ACCOUNT IS INCLUDED WITHIN PREPAID EXPENSES AND OTHER ASSETS IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. OAKWICK FOREST LLC 8001 E 196TH STREET NOBLESVILLE IN 46062 853108017 MANAGE AND OVERSEE THE LIQUID ASSETS OF THE FRATERNITY IN 577456 7129794 ALPHA KAPPA PSI FRATERNITY