Alexandria-fairfax Alumni Chapter Kappa Scholarship Endowment Fund Inc
Nonprofit profile at a glance
- EIN
- 541562320
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Alexandria, VA, USA
- Phone
- 7037656343
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $327,306
- Expenses
- $346,461
- Assets
- $1,319,729
- Liabilities
- $634,954
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- MARCEL DIXON (PRESIDENT)
- JEREMY GEORGE (VICE PRESIDENT)
People named in this filing
- MARCEL DIXON (PRESIDENT)
- JEREMY GEORGE (VICE PRESIDENT)
- RAYRICUS MATTHEWS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to develop black male leaders of the future through education and engagement in enrichment programs and services that impact the community.
What it reported doing in 2024
Youth aviation - in partnership with the alexandria-fairfax (va) alumni chapter, kappa alpha psi fraternity, inc. And the northern Virginia urban league (nvul), the afksef administers a ten (10) week "introduction to aviation" course for students in grades 8-12. This course is designed to both enlighten and inspire student interest in the field of avaiation through exciting classroom instruction and hands on learning/training on realistic flight simulators. The aviation program highlights the role that science, technology, engineering, and mathematics (stem) plays in the field of aviation. The first session of the course is an introduction into aerodynamics, followed by sessions in: aircraft components, aircraft types, landing basics, national airspace system, introduction to meteorology, basic communications, hazardous weather, understanding weight & balance, aviation physiology, and aviation fundamentals. At the conclusion of the course, students are positioned to take the faa written exam. Since its inception in 2022, the aviation program has graduated several student pilots one of which is currently an aviator in the united states air force. The key sponsors of this program include the nvul and jet blue.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.9%; rating input score 53
- Program expense ratio: 49.9%; rating input score 50
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.9%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 3.81; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 10% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 52.9% of revenue deployed · 49.9% of spending went to programs
- Governance: 21 of 21 board members independent · 7 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $173K in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.