EIN 41-1925673

Alpha Kappa Psi Scholarship Fund

Name: Alpha Kappa Psi Scholarship Fund financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Minneapolis

State

Minnesota

Year formed

1998

Most recent tax filings

2024-06-01

NTEE code, primary

B83: Student Sororities, Fraternities

Description

The Alpha Kappa Psi Scholarship Fund promotes business education at the University of Minnesota's Carlson School of Management by awarding merit-based and need-based scholarships to qualified students and providing housing in the AKY house. They also cover administrative expenses of the scholarship program. Their focus is on supporting students attending the University of Minnesota Carlson School of Management in Minneapolis, MN.

Total revenues

$351,070

2024

Total expenses

$382,651

2024

Total assets

$3,891,474

2024

Num. employees

2024

Program areas at Alpha Kappa Psi Scholarship Fund

Scholarships awarded to students attending the University of Minnesota Carlson School of Management.

Administrative expenses of the scholarship program.

Who funds Alpha Kappa Psi Scholarship Fund

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Enterprise Education Foundation	2024-06	For Academic Scholarships	$131,700
Chorzempa Family Foundation	2023-12	Scholarships in Memory of Martin Chorzempa	$40,000
Schwab Charitable Fund	2023-06	Education	$30,500
...and 3 more grants received

Personnel at Alpha Kappa Psi Scholarship Fund

Name	Title	Compensation	Date of data
Holly Anderson	Executive Director	$41,343	2024-06-30
Wade Zander	Director of the Finance Committee	$0	2024-11-13
Myron C Martin	Vice President and Treasurer	$0	2024-06-30
Richard A Perrine	President and Chairman of the Board	$0	2024-06-30
Lois M Martin	Secretary	$0	2024-06-30
...and 1 more key personnel

Financials for Alpha Kappa Psi Scholarship Fund

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$263,238	$199,921	31.7%
Program services	$0	$0	-
Investment income and dividends	$41,380	$46,259	-10.5%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$44,452	$33,534	32.6%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$2,000	$1,900	5.3%
Total revenues	$351,070	$281,614	24.7%

Form 990s for Alpha Kappa Psi Scholarship Fund

Fiscal year ending	Date received by IRS	Form	PDF link
2024-06	2024-11-13	990	View PDF
2023-06	2023-11-11	990	View PDF
2022-06	2022-11-08	990	View PDF
2021-06	2022-05-14	990	View PDF
2020-06	2022-01-05	990	View PDF
...and 10 more Form 990s

Organizations like Alpha Kappa Psi Scholarship Fund

Organization	Type	Location	Revenue
Acacia Fraternity Foundation	501(c)(3)	Carmel, IN	$1,086,493
Chi Phi Educational Trust	501(c)(3)	Roswell, GA	$893,446
Scarsdale Womans Club	501(c)(3)	Scarsdale, NY	$483,049
Kappa Kappa Kappa	501(c)(3)	Indianapolis, IN	$371,841
UCI Alumni Association	501(c)(3)	Irvine, CA	$1,480,380
Armenian Students' Association of America	501(c)(3)	Weston, MA	$179,771
SIU Alumni Association	501(c)(3)	Carbondale, IL	$348,903
Sigma Delta Tau Foundation	501(c)(3)	Carmel, IN	$647,852
Pi Mu Epsilon	501(c)(3)	Birmingham, AL	$125,545
The Colorado Congress of Parents Teachers and Students	501(c)(3)	Wheat Ridge, CO	$154,924

Data update history

October 19, 2024

Received grants

Identified 1 new grant, including a grant for $131,700 from Enterprise Education Foundation

May 18, 2024

Received grants

Identified 2 new grant, including a grant for $40,000 from Chorzempa Family Foundation

January 18, 2024

Posted financials

Added Form 990 for fiscal year 2023

January 11, 2024

Updated personnel

Identified 2 new personnel

November 27, 2023

Received grants

Identified 1 new grant, including a grant for $116,500 from Enterprise Education Foundation

Nonprofit Types

Civic / social organizationsSchoolsFraternities and sororitiesHeadquarter / parent organizationsCharities

Issues

Education

Characteristics

Provides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: PO Box 16553; Minneapolis, MN 55416
Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
County: Hennepin County, MN
Website URL: akpsischolarships.org/
Phone: (612) 845-1887

IRS details

EIN: 41-1925673
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1998
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B83: Student Sororities, Fraternities
NAICS code, primary: 813410: Civic and Social Organizations
Parent/child status: Central organization

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Alpha Kappa Psi Scholarship Fund

Program areas at Alpha Kappa Psi Scholarship Fund

Who funds Alpha Kappa Psi Scholarship Fund

Personnel at Alpha Kappa Psi Scholarship Fund

Financials for Alpha Kappa Psi Scholarship Fund

Form 990s for Alpha Kappa Psi Scholarship Fund

Organizations like Alpha Kappa Psi Scholarship Fund

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