KAPPA ALPHA PSI FOUNDATION OF METRO BALT INC Charity Report

Public IRS 990 nonprofit record

KAPPA ALPHA PSI FOUNDATION OF METRO BALT INC

EIN 52-1944540 · Scholarships & Student Financial Aid (B82)

What they do

to PROMOTE and PROVIDE SUPPORT ASSISTANCE to SENIORS and THE ELDERLY to PROVIDE SCHOLARSHIPS and SUPPORT to STUDENTS ATTENDING COLLEGES, and UNIVERSITIES to PROVIDE SUPPLIES to STUDENTS and to PROVIDE SUPPORT to YOUTH IN THE COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $15.20 was reported for mission work and $1.90 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

10.23%of revenue went to mission work15.2% of expenses · Program services

1.27%of revenue went to fundraising1.9% of expenses

$25.09spent for every $100 of revenueRevenue covered expenses this year.

55.63%of revenue went to management and office costs82.9% of expenses

$6.44in assets for every $1 spent this yearSome assets cannot be spent right away.

23.6%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$328,566

Mission workProgram services$33,61510.23% of revenue15.2% of expenses

ManagementOffice and general costs$182,76655.63% of revenue82.9% of expenses

FundraisingAsking for donations$4,1641.27% of revenue1.9% of expenses

Revenue left after expensesReported annual surplus$108,02132.88% of revenueShown in gray on the chart

Total expenses$220,54567.12% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 1.9% of spending went to fundraising and 15.2% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 15.2% mission · 82.9% management · 1.9% fundraisingTotal expenses: 67.12% of revenue

2022Expense mix: 9.2% mission · 90.8% management · 0.0% fundraisingTotal expenses: 47.30% of revenue

2021Expense mix: 86.3% mission · 13.7% management · 0.0% fundraisingTotal expenses: 73.23% of revenue

2020Expense mix: 84.6% mission · 15.4% management · 0.0% fundraisingTotal expenses: 76.65% of revenue

2019Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 55.41% of revenue

Money in and money out

Revenue$879,010

Expenses$220,545

Annual surplus $658,465 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$33,615 · 15.2% of expenses

Management and office costs$182,766 · 82.9% of expenses

Fundraising$4,164 · 1.9% of expenses

See all reported dollar amounts

Revenue$879,010

Expenses$220,545

Assets$1,419,915

Income$1,065,130

Contributions$207,031

Mission work (program services)$33,615

Fundraising$4,164

Management and general$182,766

Accounting fees$1,500

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (14)

ART VARNADOTREASURER

CHARLES HARRISBOARD MEMBER

DEVRON DICKENSBOARD MEMBER

DONAE FLUITTSECRETARY

DONALD SMITHBOARD MEMBER

JOHNNY RICEBOARD MEMBER

JUSTIN HUNTBOARD MEMBER

KEVIN CLARKBOARD MEMBER

LLOYD BUCKNERBOARD MEMBER

MARK BROWNBOARD MEMBER

TEDDY GARRETTPRESIDENT

TURNER RASCOEBOARD MEMBER

VALLEN EMERYBOARD MEMBER

WIL GILESVICE PRESIDENT

About this charity

Recognized since: January 1995
Location: 1207 EUTAW PL, BALTIMORE, MD 21217-3606
County: Baltimore (city)
In care of: ART VARNADO
Primary officer: ART VARNADO, TREASURER

How to reach them

Phone(410) 653-1272

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: ISAACS ACCOUNTING PC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid