Annapolis Kappa Scholarship Fund Inc

Nonprofit profile at a glance

EIN
522277500
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Gambrills, MD, USA
Phone
7039274421
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$62,958
Expenses
$39,567
Assets
$185,084
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Ronald L Stokes Jr (President)
  • Newton Gentry (Vice President)

People named in this filing

  • Ronald L Stokes Jr (President)
  • Newton Gentry (Vice President)
  • Keith A Yancey (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide educational, charitable, and other similar non-profitable purposes, as contemplated by Section 501 (c) (3) of the IR Code of 1954. To operate exclusively for charitable and educational purposes; to fund educational scholarships, loans and other types of financial aid to worthy individuals--undergraduate/graduate; to assist community groups/individuals in educational, civic improvement and charitable activity; to accept and make donations of money, property, real or personal, to invest in real estate and personal property for educational and charitable purposes; to enter into any kind of activity, and to perform and carry out contracts of any kind necessary to, or in connection with or incidental to the accomplishment of the non-profit purposes; to promote the general welfare by providing from time to time services to the community to encourage and promote the development of its people, physical assets, and its institutions; and o exercise all the powers conferred upon Corp.

What it reported doing in 2024

Provided scholarships to 5 high school graduating seniors and to a local community college (Anne Arundel Community College)

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.8%; rating input score 70
  • Program expense ratio: 91.6%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 37.2%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 4.68; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 34.4% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 28.3% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 69.8% of revenue deployed · 91.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $36K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Officer compensation ratio scored 56/100.