Kappa Alpha Psi Okc Alumni Scholarship Foundation in Oklahoma City, Oklahoma (OK)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Kappa Alpha Psi Okc Alumni Scholarship Foundation | |
| Employer Identification Number (EIN) | 731417748 |
| Name of Organization | Kappa Alpha Psi Okc Alumni Scholarship Foundation |
| In Care of Name | Kenneth W Arinwine |
| Address | 1801 Ne 10th St, Oklahoma City, OK 73117 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $124,540 |
| Amount of Income | $1,155 |
| Form 990 Revenue Amount | $1,426 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Alumni Associations |
Non-representatives - add comments:
Amount of income in 2012: $1,155 (it was $1,426 in 2011)
| Kappa Alpha Psi Okc Alumni Scholarship Foundation: | $1,155 |
| Other organizations performing similar types of work: | $34,071 |
Assets in 2012: $124,540 (it was $127,694 in 2011)
| Kappa Alpha Psi Okc Alumni Scholarship Foundation: | $124,540 |
| Other organizations performing similar types of work: | $31,348 |
Expenses in 2012: $974
| Kappa Alpha Psi Okc Alumni Scholarship Foundation: | $974 |
| Other organizations performing similar types of work: | $21,612 |
Income to expenses ratio in 2012: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 17.8% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,155 | $1,155 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $366 | |||
| Dividends and interest from securities | $789 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $974 | $0 | $0 | $974 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $974 | $0 | $974 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $181 | |||
| Net investment income | $1,155 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $124,540 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $101,435 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $23,105 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $124,540 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $12 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $12 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $124,000 |
| Net value of noncharitable-use assets | $122,140 |
| Minimum investment return | $6,107 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,095 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,095 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $6,095 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Silliman University Alumini Council Of North America | 296 Brewery Rd, New City, NY 10956-5849 | NY | 2002-11 | $41,832 |
| 2 | Fletcher Alumni Association Scholarship Fund Inc | P O Box 489, Fletcher, OK 73541 | OK | 2013-08 | $34,572 |
| 3 | Kappa Alpha Psi Okc Alumni Scholarship Foundation | 1801 Ne 10th St, Oklahoma City, OK 73117 | OK | 2012-07 | $1,155 |
| 4 | Ardmore City Schools Alumni Association Inc | 333 W Main St Suite 400, Ardmore, OK 73401 | OK | 2006-03 | $0 |
| 5 | Billings High School Alumni Association Inc | P O Box 155, Billings, OK 74630 | OK | 2009-02 | $0 |
| 6 | Booker T Washington High School National Alumni Association Inc | PO BOX 481201, Tulsa, OK 74148-1201 | OK | 2000-02 | $0 |
| 7 | Capitol Hill High School Alumni Hall Of Fame Association, Chhs Alumni | 3621 Nw 63rd St Ste C, Oklahoma City, OK 73116-2041 | OK | 2014-07 | $0 |
| 8 | College High School Alumni Assoc | P O Box 2552, Bartlesville, OK 74005-2552 | OK | 1987-07 | $0 |
| 9 | Dale Alumni Assocation, Dale Alumni Association | Rt 3 Box 736, Dale, OK 74851 | OK | 2011-10 | $0 |
| 10 | Harding High School Alumni Association | 12101 N Mac Arthur Blvd - Box 290, Oklahoma City, OK 73162-1800 | OK | 2005-07 | $0 |
| 11 | Hominy Alumni Association | P O Box 277, Hominy, OK 74035 | OK | 1999-11 | $0 |
| 12 | John Marshall High School Alumni Association Inc | PO BOX 13124, Oklahoma City, OK 73113-1124 | OK | 2004-05 | $0 |
| 13 | Langston University Agricultural Alumni Association | 13305 Sw 3rd Street, Yukon, OK 73099 | OK | 2011-12 | $0 |
| 14 | Lawton-Fort Sill Alumni Chapter Of Kappa Alpha Psi Fraternity Inc | 7619 Nw Lancet, Lawton, OK 73505-4159 | OK | 2015-03 | $0 |
| 15 | Mizzou Rugby Alumni Association, Mraa | 125 W 19th, Ada, OK 74820 | OK | 2013-02 | $0 |
| 16 | Nathan Hale High School Alumni Foundation Inc | Po Box 471232, Tulsa, OK 74147-1232 | OK | 1995-10 | $0 |
| 17 | Northwest Classen High School Alumni Association Of Greater | P O Box 12657, Oklahoma City, OK 73157-2657 | OK | 1996-10 | $0 |
| 18 | Oklahoma City Louverture Chapter Of Mcalester Oklahoma Inc | 12716 Val Verde Dr, Oklahoma City, OK 73142 | OK | 2004-05 | $0 |
| 19 | Oklahoma School For The Deaf Alumni Association Inc | 5 Susie Drive, Sulphur, OK 73086 | OK | 2003-05 | $0 |
| 20 | Okmulgee High School Alumni Associaton Inc | PO BOX 130, Okmulgee, OK 74447-0130 | OK | 1999-04 | $0 |
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