Nonprofit · EIN 41-1925673
ALPHA KAPPA PSI SCHOLARSHIP FUND
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $634,064 | $409,122 | $224,942 | $4,397,125 | $2,250 | $4,394,875 |
| June 30, 2024 | 990 | $351,070 | $382,651 | -$31,581 | $3,891,474 | $10,149 | $3,881,325 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $519,197
- Program service revenue
- $0
- Investment income
- $112,267
- Net gain from sales of assets
- $26,322
- Other revenue
- $2,600
Expenses
- Grants and similar amounts paid
- $347,966
- Compensation of officers, directors and key employees
- $36,200
- Salaries, compensation and benefits (total)
- $36,200
- Professional fundraising fees
- $0
- Accounting fees
- $923
- Program services (functional)
- $373,546
- Management and general (functional)
- $21,361
- Fundraising (functional)
- $14,215
Balance sheet and other
- Total assets, start of year
- $3,893,672
- Total assets, end of year
- $4,397,125
- Total liabilities, end of year
- $2,250
- Net assets, end of year
- $4,394,875
- Publicly traded securities
- $3,512,999
- Gross receipts
- $745,874
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1998
- State of legal domicile
- MN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bradley P Johnson | Executive Director Key employee | 2 | $36,310 |
| Richard A Perrine | President & Chairman of the Board Trustee or director, Officer | 2 | $0 |
| Myron C Martin | VP & Treasurer Trustee or director, Officer | 2 | $0 |
| Wade A Zander | VP of Finance Trustee or director, Officer | 2 | $0 |
| Lila M Chu | Director Trustee or director | 1 | $0 |
| Nicole Johnson | Director Trustee or director | 1 | $0 |
| Adam J Krasnoff | Director Trustee or director | 1 | $0 |
| Robert Vaupel | Director Trustee or director | 1 | $0 |
| Gary M Lechko | Director Trustee or director | 1 | $0 |
| Laura C Murphy | Director Trustee or director | 1 | $0 |
| Michael J Vanderhayden | Director Trustee or director | 1 | $0 |
| Jon Podvin | Director Trustee or director | 1 | $0 |
| Amy Richard | Director Trustee or director | 1 | $0 |
| Ryan Smith | Director Trustee or director | 1 | $0 |
| Drew Reilly | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Holly Anderson | Executive Director Key employee | 18 | $41,343 |
| Richard A Perrine | President & Chairman of the Board Trustee or director, Officer | 2 | $0 |
| Myron C Martin | VP & Treasurer Trustee or director, Officer | 2 | $0 |
| Lois M Martin | Secretary Trustee or director, Officer | 2 | $0 |
| Laura C Murphy | Director Trustee or director | 1 | $0 |
| Adam J Krasnoff | Director Trustee or director | 1 | $0 |
| Robert Vaupel | Director Trustee or director | 1 | $0 |
| Gary M Lechko | Director Trustee or director | 1 | $0 |
| Michael J Vanderhayden | Director Trustee or director | 1 | $0 |
| Lila M Chu | Director Trustee or director | 1 | $0 |
| Mark W Foley | Director Trustee or director | 1 | $0 |
| Wade A Zander | Director Trustee or director | 1 | $0 |
| Bradley P Johnson | Director Trustee or director | 1 | $0 |
| Jon Podvin | Director Trustee or director | 1 | $0 |
| Nick Hotz | Director Trustee or director | 1 | $0 |
| Nicole Johnson | Director Trustee or director | 1 | $0 |
| Ben Stevenson | Director Trustee or director | 1 | $0 |
| Drew Reilly | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 16553, MINNEAPOLIS, MN 55416-0553
- In care of
- % WADE ZANDER
- Principal officer (990 for 2024)
- Richard Perrine, 6113 Ryan Avenue, Minneapolis, MN 55416
- Signed the 990
- Wade Zander, VP of Finance
- Phone
- (612) 845-1887
- Website
- www.akpsischolarships.org
Mission
To promote business education at the Carlson School of Management at the University of Minnesota by awarding merit-based and need-based scholarships to students and providing housing in the AKY house.
Program accomplishments
- Scholarships awarded to students attending the University of Minnesota Carlson School of Management.Expenses $347,966
- Administrative expenses of the scholarship program.Expenses $25,580
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1925673
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $4,397,125
- Income (IRS master file)
- $745,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $634,064 | $409,122 | $4,397,125 | XML |
| 990 | June 2024 | $351,070 | $382,651 | $3,891,474 | XML |
| 990 | June 2023 | $281,614 | $333,632 | $3,641,146 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 41-1925673).
Questions about ALPHA KAPPA PSI SCHOLARSHIP FUND
- What is the EIN of ALPHA KAPPA PSI SCHOLARSHIP FUND?
- The employer identification number (EIN) of ALPHA KAPPA PSI SCHOLARSHIP FUND is 41-1925673.
- Is ALPHA KAPPA PSI SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to ALPHA KAPPA PSI SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALPHA KAPPA PSI SCHOLARSHIP FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALPHA KAPPA PSI SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALPHA KAPPA PSI SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ALPHA KAPPA PSI SCHOLARSHIP FUND?
- The 990 for the year ended June 30, 2025 names Richard Perrine.
- Who are the officers and directors of ALPHA KAPPA PSI SCHOLARSHIP FUND?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $36,310 (Bradley P Johnson, Executive Director).
- How much revenue does ALPHA KAPPA PSI SCHOLARSHIP FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $634,064, expenses of $409,122 and total assets of $4,397,125 at year end.
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