Orlando Alumni Chapter of Kappa Alpha Psi Fraternity Inc

Nonprofit profile at a glance

EIN
593611545
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Orlando, FL, USA
Phone
4074844922
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alumni Associations

Reported finances

Revenue
$75,890
Expenses
$62,354
Assets
$1,112,738
Liabilities
$43,320

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

Leadership & pay

5 people listed

People named in this filing

  • Tyrone Haskett (Vice Polemarch)
  • Wendy Jean (Keeper of Records)
  • Al Carson (Keeper of Exchequer)

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 promote, support and help execute the programs of the fraternity. To promote leadership, honorable achievement; support and promote college educational opportunities for students in our community; support the development of community health economic, social, life skills for under privileged or at risk groups within the community. To initiate progressive fundraising in Florida. Develop a culture of excellance in academics, science, business and community development.

What it reported doing in 2024

The Guide Right is a national program. The principle objectives of this mentor program is to enhance the educational and employment opportunities of disadvantage youth in engineering, math, computer science, science, and business (due to covid, limited meeting opportunities);

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 59% for direct work, 32% for grants, and 9% for affiliated organizations.

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: 55
  • Transparency & Controls: 85
  • Accountability: 70
  • Sustainability: 65
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.5%; rating input score 53
  • Program expense ratio: 44.6%; rating input score 45
  • Fundraising efficiency: $133.75 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.9%; rating input score 89; 54th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.8%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 17.85; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -2.5% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: -4.3% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 53.5% of revenue deployed · 44.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $28K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 5 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 — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.