Kappa Psi Alumni Group Foundation in Fargo, North Dakota (ND)
Table of contents:
| Kappa Psi Alumni Group Foundation | |
| Employer Identification Number (EIN) | 274056259 |
| Name of Organization | Kappa Psi Alumni Group Foundation |
| Address | 1345 University Dr N, Fargo, ND 58102-2525 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2011 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $50,962 |
| Amount of Income | $89,949 |
| Form 990 Revenue Amount | $89,949 |
| 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 2014: $89,949 (it was $425,249 in 2013)
| Kappa Psi Alumni Group Foundation: | $89,949 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $50,962 (it was $5,230 in 2013)
| Kappa Psi Alumni Group Foundation: | $50,962 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $42,492
| Kappa Psi Alumni Group Foundation: | $42,492 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 2.1
| Kappa Psi Alumni Group Foundation: | 2.1 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 8.3%
| Kappa Psi Alumni Group Foundation: | 8.3% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $45,433 | $425,249 | $89,949 |
| Contributions, gifts, grants, and similar amounts received | $5,000 | $10,000 | $7,500 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $40,400 | $169,725 | $82,425 |
| Investment income | $33 | $24 | $24 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $245,500 | $0 |
| Total expenses | $32,681 | $469,772 | $42,492 |
| Total net assets | $49,753 | $5,230 | $50,962 |
| Excess/Deficit for the year | $12,752 | $-44,523 | $47,457 |
| Net assets or fund balances at beginning of year | $37,001 | $49,753 | $3,505 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $5,230 | $52,687 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $49,753 | $5,230 | $50,962 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $49,753 | $5,230 | $50,962 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $329,550 |
| Subtotal Support | $329,550 |
| Gifts, grants, contributions, and membership fees received | $329,550 |
| 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 | $373,256 |
| Public Support | $329,550 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $36,206 |
| 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 | $7,500 |
| 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 | Valley Memorial Homes | 2900 14th Ave S, Grand Forks, ND 58201-4042 | ND | 1998-04 | $2,406,011 |
| 5 | Leo C Parent Scholarship Tr Ii | 2300 S Columbia Rd, Grand Forks, ND 58201-5826 | ND | 2010-07 | $357,567 |
| 6 | North Dakota Center For Nursing | 417 Main Ave Ste 402, Fargo, ND 58103-1982 | ND | 2013-02 | $295,025 |
| 7 | Kappa Psi Alumni Group Foundation | 1345 University Dr N, Fargo, ND 58102-2525 | ND | 2011-02 | $89,949 |
| 8 | Stanley Scholarship Funds Inc | PO BOX 993, Stanley, ND 58784-0993 | ND | 2014-05 | $50,687 |
| 9 | Wyndmere Education Foundation Inc | PO BOX 190, Wyndmere, ND 58081-0190 | ND | 2014-03 | $33,914 |
| 10 | Miss North Dakota Educational Scholarship Fund Inc | 17763 Highway 83, Baldwin, ND 58521-9724 | ND | 2012-01 | $32,102 |
| 11 | Leeds Encouraging Academics Foundation | 245 3rd St Se, Leeds, ND 58346 | ND | 2014-10 | $21,152 |
| 12 | Ffa Alumni Association | PO BOX 68, Lisbon, ND 58054-0068 | ND | 2014-08 | $7,071 |
| 13 | William C Ptacek Scholarship Foundation | 11340 81st St Se, Oakes, ND 58474-9767 | ND | 2006-06 | $1,738 |
| 14 | 164th Infantry Regiment Scholarship Foundation Of The United States Of | 3110 17th St S, Fargo, ND 58103-5915 | ND | 2003-11 | $0 |
| 15 | Alpha Tau Omega Foundation Of North Dakota State University | 924 42nd Ave N, Fargo, ND 58102 | ND | 1999-09 | $0 |
| 16 | Business Education Foundation Inc | Po Box 940, Minot, ND 58702-0940 | ND | 2007-08 | $0 |
| 17 | Cass County Area Retired Teachers Association | 1397 8th St N, Fargo, ND 58102 | ND | 2006-02 | $0 |
| 18 | Dazey Alumni Association Scholarship Fund | 1755 Cypress Way, West Fargo, ND 58078 | ND | 2002-02 | $0 |
| 19 | District V Nabpaacp | 1906 E Broadway, Bismarck, ND 58502-1354 | ND | 2010-09 | $0 |
| 20 | Ed Bentley Mandan-Bismarck Young Bowlers Scholarship Fund Inc | 3327 Memorial Hwy, Mandan, ND 58554-4644 | ND | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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