Memphis Alumni Chapter of Kappa Alpha Psi Fraternity Inc
Nonprofit profile at a glance
- EIN
- 237279510
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Cordova, TN, USA
- Phone
- 9018287729
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Student Sororities, Fraternities
Reported finances
- Revenue
- $155,211
- Expenses
- $137,196
- Assets
- $127,470
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Milton Bonds (Polemarch)
- Derrick Branch (Vice Polemarch)
- Vernon Townsend (Keeper of Records)
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
Community service, philanthropy, member enrichment
What it reported doing in 2024
Kappa Days of Caring-Mentoring and tutoring inner-city youth: Introduction of elementary school aged children to STEM Programto improve scores and guide them toward science and math.
Operating model
- Revenue model
- Membership-supported. 65% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 72
- Sustainability: 53
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 94.1%; rating input score 94
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 11.6%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -15% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -0.1% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 83.2% of revenue deployed · 94.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $129K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- 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.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.