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Nonprofit · EIN 23-1431779

KAPPA ALPHA PSI FRATERNITY INC

Tax-exempt · PHILADELPHIA, PA 19132

Financials

$15.6M$13M2022
Revenue Expenses · by fiscal year end
Financials of KAPPA ALPHA PSI FRATERNITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2023990$15,562,289$13,023,540$2,538,749$17,951,300$1,852,228$16,099,072
Financial details: 990 for the year ended September 30, 2023

Revenue

Contributions, gifts and grants
$9,250,610
of which government grants
$383,482
Membership dues
$5,299,362
Program service revenue
$5,956,232
Investment income
$155,230
Royalties
$70,211
Other revenue
$200,217

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,207,762
Salaries, compensation and benefits (total)
$1,506,531
Professional fundraising fees
$0
Legal fees
$378,148
Accounting fees
$39,754
Occupancy
$141,481
Travel
$241,121
Depreciation
$54,607
Program services (functional)
$7,599,297
Management and general (functional)
$5,424,243

Balance sheet and other

Total assets, start of year
$15,182,845
Total assets, end of year
$17,951,300
Total liabilities, end of year
$1,852,228
Net assets, end of year
$16,099,072
Land, buildings and equipment
$559,183
Net assets without donor restrictions
$16,099,072
Gross receipts
$15,562,289
Employees
15
Year formed
1911
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
Daniel NixonDirector
Trustee or director
0$0
Jwyanza WattDirector
Trustee or director
0$0
Michael Weaver JrDirector
Trustee or director
0$0
Trenton NettlesDirector
Trustee or director
0$0
Adedotun Adebola-WilsonDirector
Trustee or director
0$0
Robert Jenkins JrDirector
Trustee or director
0$0
Clifford FranklinDirector
Trustee or director
0$0
John BurrellExecutive Director
Trustee or director, Officer
0$0
Chauncy HaynesChairman
Trustee or director, Officer
0$0
Ryan TuckerDeputy Executive Director
Trustee or director, Officer
0$0
Linwood GreenInterim Finance Director
Trustee or director, Officer
0$0
Reuben Shelton IIIGrand Polemarch
Trustee or director, Officer
0$0
Kevin ScottGrand Historian
Trustee or director, Officer
0$0
Evan JacksonJunior Grand Vice Polemarch
Trustee or director, Officer
0$0
Rhen Bass SrGrand Keeper of Reds
Trustee or director, Officer
0$0
3 more people on this return
NameTitleHours / weekCompensation
Linnes Finney JrSr Grand Vice Polemarch
Trustee or director, Officer
0$0
Nickolas StaatsGrand Lt Strategus
Trustee or director, Officer
0$0
Andrew FaraimoGrand Strategus
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
2322 N BROAD ST # 24, PHILADELPHIA, PA 19132-4503
Mailing address (990-N for 2022)
PO Box 1527, Greenville TX 75403
Principal officer (990-N for 2022)
Jimmy McMickle, 2322 N Broad Street, Philadephia PA 19132
Signed the 990
Rhen Bass, Grand Keeper of
Return prepared by
Benford Brown & Associates LLC

Mission

Continued to support St. Judes Hospital through Sunday of Hope provided seminars to 100 colleges with our greeks learning about debt(GLAD) Program held National Founders Day

990 for the year ended September 30, 2023

Program accomplishments

  • ADVANCE THE EDUCATIONAL FRATERNAL AND MORAL DEVELOPMENT OF MEMBERSHIP, IN ACCORDANCE WITH THE PURPOSE OF THE ORGANIZATION.
    Expenses $7,599,297

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026Not on file
2023September 30, 2024February 18, 2025Not on file

IRS record

EIN
23-1431779
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1957
Accounting year ends
September
Files
Form 990-N (e-Postcard)
Group exemption
1372 (159 member organizations)
Assets (IRS master file)
$17,951,300
Income (IRS master file)
$15,562,289

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2022
Officer: Jimmy McMickle
September 30, 2023≤ $50,000 receipts––e-Postcard
990September 2023$15,562,289$13,023,540$17,951,300XML
990-N for 2020
Officer: Christopher Butler
September 30, 2021≤ $50,000 receipts––e-Postcard
990September 2021–––IRS
990-N for 2019September 30, 2020≤ $50,000 receipts––e-Postcard
990September 2020–––IRS
990-N for 2018September 30, 2019≤ $50,000 receipts––e-Postcard
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1431779).

Questions about KAPPA ALPHA PSI FRATERNITY INC

What is the EIN of KAPPA ALPHA PSI FRATERNITY INC?
The employer identification number (EIN) of KAPPA ALPHA PSI FRATERNITY INC is 23-1431779.
Is KAPPA ALPHA PSI FRATERNITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1957.
Are donations to KAPPA ALPHA PSI FRATERNITY INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does KAPPA ALPHA PSI FRATERNITY INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of KAPPA ALPHA PSI FRATERNITY INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KAPPA ALPHA PSI FRATERNITY INC last file with the IRS?
The latest return in the IRS public files is the 990-N for 2022 for the year ended September 30, 2023.
Who is the principal officer of KAPPA ALPHA PSI FRATERNITY INC?
The 990-N for 2022 names Jimmy McMickle.
Who are the officers and directors of KAPPA ALPHA PSI FRATERNITY INC?
The 990 for the year ended September 30, 2023 lists 18 people; 0 received compensation from the organization.
How much revenue does KAPPA ALPHA PSI FRATERNITY INC have?
On its 990 for the year ended September 30, 2023 it reported revenue of $15,562,289, expenses of $13,023,540 and total assets of $17,951,300 at year end.

Organizations in its group exemption (159)

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