Lansing Kappa Alpha Psi Foundation Incorporated in Lansing, Michigan (MI)
Table of contents:
| Lansing Kappa Alpha Psi Foundation Incorporated | |
| Employer Identification Number (EIN) | 300438547 |
| Name of Organization | Lansing Kappa Alpha Psi Foundation Incorporated |
| In Care of Name | Scott Simon |
| Address | PO BOX 12278, Lansing, MI 48901-2278 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $11,829 |
| Amount of Income | $40,024 |
| Form 990 Revenue Amount | $24,988 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $40,024 (it was $58,136 in 2012)
| This organization: | $40,024 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $11,829 (it was $12,044 in 2012)
| Lansing Kappa Alpha Psi Foundation Incorporated: | $11,829 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $25,203
| Lansing Kappa Alpha Psi Foundation Incorporated: | $25,203 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 1.6
| Lansing Kappa Alpha Psi Foundation Incorporated: | 1.6 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 38.7%
| Lansing Kappa Alpha Psi Foundation Incorporated: | 38.7% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $39,662 | $30,332 | $36,336 | $24,988 |
| Contributions, gifts, grants, and similar amounts received | $23,116 | $17,235 | $11,430 | $9,671 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $12,144 | $8,029 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $16,128 | $10,597 | $9,347 | $7,288 |
| Gross income from gaming | $0 | $3,039 | $9,895 | $9,433 |
| Gross income from fundraising events | $26,850 | $29,169 | $21,253 | $12,891 |
| Less: direct expenses from gaming and fundraising events | $10,721 | $21,611 | $21,800 | $15,036 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $417 | $2,500 | $3,415 | $0 |
| Total expenses | $37,965 | $23,822 | $40,207 | $25,203 |
| Total net assets | $9,404 | $12,877 | $12,044 | $11,829 |
| Excess/Deficit for the year | $1,696 | $6,510 | $-3,871 | $-215 |
| Net assets or fund balances at beginning of year | $1 | $-3,037 | $15,915 | $12,044 |
| Other changes in net assets or fund balances | $7,707 | $9,404 | $0 | $0 |
| Net assets or fund balances at end of year | $9,404 | $15,914 | $-3,871 | $11,829 |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $9,404 | $12,877 | $12,044 | $11,829 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $9,404 | $12,877 | $12,044 | $11,829 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | No |
| Total amount involved | $0 | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $42,409 |
| Subtotal Support | $42,409 |
| Gifts, grants, contributions, and membership fees received | $42,409 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $42,409 |
| Public Support | $42,409 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Ruth Mott Foundation | 111 E Court St Ste 3c, Flint, MI 48502-1649 | MI | 1989-10 | $74,166,232 |
| 5 | Michigan Education Excellence Foundation | PO BOX 10030, Lansing, MI 48901-0030 | MI | 2011-10 | $13,431,526 |
| 6 | Operation Graduation | 15000 Trojan St, Detroit, MI 48235-1680 | MI | 2014-10 | $2,707,919 |
| 7 | Robert M Morand Scholarship Fund | 39221 Woodward Ave, Bloomfld Hls, MI 48304-5162 | MI | 2015-01 | $1,065,716 |
| 8 | The@imagine Fund | 222 N Chestnut, Lansing, MI 48933-1077 | MI | 2008-02 | $1,064,468 |
| 9 | Kid Rock Foundation | PO BOX 1230, Clarkston, MI 48347-1230 | MI | 2009-05 | $804,726 |
| 10 | William Clay Ford Jr Scholarship Fund | 1901 Saint Antoine St Fl 6 # Ford, Detroit, MI 48226-2310 | MI | 2005-03 | $777,131 |
| 11 | Society Of The Trinitarian Family | 3650 Knoll Creek Ct, Ann Arbor, MI 48105-9307 | MI | 2012-06 | $749,695 |
| 12 | Hebert Memorial Scholarship Fund, Gardey Kim Ttee | 100 Harrow Lane, Saginaw, MI 48638-6095 | MI | 2011-03 | $691,858 |
| 13 | The Detroit Athletic Club Foundation | 241 Madison St, Detroit, MI 48226-2126 | MI | 1999-10 | $681,658 |
| 14 | Student Free Press Association | 4771 Mechanic Rd, Hillsdale, MI 49242-9465 | MI | 2011-03 | $430,892 |
| 15 | Thompson Foundation | PO BOX 6349, Plymouth, MI 48170-0353 | MI | 1999-05 | $409,287 |
| 16 | Leonard C & Ethel H Hoffman Scholarship Tr Uw | PO BOX 3636, Grand Rapids, MI 49501-3636 | MI | 2009-01 | $334,675 |
| 17 | Butternut School Scholarship Program | 6790 Co 426 M 5 Rd, Wells, MI 49894 | MI | 2010-09 | $273,240 |
| 18 | Willoughby Rotary Foundation | PO BOX 701, Frankfort, MI 49635-0701 | MI | 1986-11 | $253,369 |
| 19 | Rr Foundation | 3734 Heron Ridge Dr, Rochester Hls, MI 48309-4521 | MI | 2012-08 | $250,000 |
| 20 | Lansing Promise | Po Box 12177, Lansing, MI 48901 | MI | 2012-09 | $240,803 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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