2024-10-30T06:59:24-07:00 2023-12-31 464684880 Douglas A Latham CPA 17520 Dartown Road 610 Westfield IN 46074 990 2023-01-01 311114431 ALPHA KAPPA LAMBDA EDUCATION FOUNDATION INC ALPH 3175648003 354 GRADLE DRIVE Carmel IN 46032 JEREMY D SLIVINSKI CHIEF OPERATING OFFICER 3175648003 2024-10-30 true true DOUGLAS A LATHAM P01068382 3174792061 X 2023 2024-10-15 13:58:12Z JEREMY D SLIVINSKI 354 GRADLE DRIVE Carmel IN 46032 70896 false X www.akl.org/found.html X 1983 IN EDUCATIONAL GRANTMAKING 3 3 0 4 0 0 35660 31969 0 -5084 4803 27639 24471 58215 61243 54186 45295 0 0 8050 8000 11719 10211 13575 72447 66870 -14232 -5627 407996 402369 694 694 407302 401675 EDUCATIONAL GRANTMAKING false false 6495 6495 0 TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS AND SCHOLARSHIP FUNDS TO EDUCATIONAL INSTITUTIONS AND THE UNDERGRADUATE INTRAFRATERNITY INSITITUTE. 38800 38800 0 TO PROVIDE FUNDING FOR ATTENDEES TO PARTICIPATE IN EDUCATIONAL AND LEADERSHIP PROGRAMS THROUGH THE FRATERNITY OF ALPHA KAPPA LAMBDAS REGIONAL LEADERSHIP CONFERENCES, CHAPTER PRESIDENTS ACADEMY AND NATIONAL CONCLAVE. THE FOUNDATION ALSO MAKES GRANTS TO THE FRATERNITY OF ALPHA KAPPA LAMBDA FOR EDUCATIONAL PURPOSES INCLUDING ALCOHOL SAFETY PROGRAMS. 0 0 0 THE FOUNDATION ACCEPTS RESTRICTED GIFTS FOR CHAPTER PURPOSE FUNDS. THESE FUNDS ARE USED FOR ANNUAL SCHOLARSHIPS, LEADERSHIP PROGRAMS, AND QUALIFIED INFRASTRUCTURE IMPROVEMENTS. 45295 true false false false false false false false false false true false false false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false true false false false true 1 0 0 false false false false false false false false false false false false X 3 3 false false false false true true false true true false false true true true true true true true true false IN X X JEREMY SLIVINSKI 3175648003 345 GRADLE DRIVE CARMEL IN 46032 X MATTHEW GATRELL PRESIDENT 1.00 X X 0 0 0 TIMOTHY COBURN DIRECTOR 1.00 X 0 0 0 R KEITH GILCHRIST SECRETARY 5.00 X X 0 0 0 JEREMY SLIVINSKI CHIEF OPERATING OFFICER 8.00 X X 0 0 0 TONY VIVIANO DIRECTOR 1.00 X 0 0 0 JOHN ABSHEAR DIRECTOR 1.00 X 0 0 0 ROBERT CERAMI TREASURER 5.00 X X 0 0 0 RICHARD CRUZ DIRECTOR 1.00 X 0 0 0 false false false 31969 31969 4803 0 4803 34124 9653 24471 24471 24471 61243 0 0 29274 35000 35000 10295 10295 5085 0 5085 0 8000 8000 2000 0 2000 0 APPEAL MATERIALS/SUPPLIES 835 0 0 835 APPEAL PROCESSING FEES 908 0 0 908 BANK FEES 286 0 286 0 PRINTING AND PUBLICATIONS 2473 0 497 1976 1988 0 1988 0 66870 45295 9856 11719 118946 136155 20437 0 321379 92947 234560 228432 34053 37782 407996 402369 0 0 694 694 694 694 X 49470 48915 357832 352760 407302 401675 407996 402369 -5627 X false false false X 0 40111 37289 44499 35660 31969 189528 0 0 40111 37289 44499 35660 31969 189528 0 189528 37745 37684 38781 29040 38927 182177 0 0 0 0 0 0 0 371705 0.50990 0.57660 X 0 0 0 0 85100 85100 224260 82284 141976 6347 6347 0 5672 4316 1356 228432 CHAPTER DEPOSITS 694 694 X Pt IV, Line 2b EXPLANATION: FUNDS OF CERTAIN INACTIVE CHAPTERS ARE HELD BY THE FOUNDATION, PENDING REACTIVATION OF THE CHAPTERS. TRUST ACCOUNT AGREEMENTS EXIST WITH THE RESPECTIVE ALUMNI CHAPTERS REGARDING THE TERMS AND USE OF THESE FUNDS. FUNDS ARE HELD IN JOINT ACCOUNTS WITH THE ALUMNI CHAPTERS AND CONTAIN VARIOUS PROVISIONS FOR HOLDING PERIODS AND ULTIMATE DISPOSITION OF FUNDS HELD. Pt X, Line 2 EXPLANATION: THE FOUNDATION HAS EVALUATED TAX POSITIONS TAKEN IN THE TAX RETURNS FILED AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITION AS DEFINED BY GENERALLY ACCEPTED ACCOUNTING STANDARDS. UNDER A THREE-YEAR STATUTE OF LIMITATIONS, THE FOUNDATION REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED DECEMBER 31, 2021 THROUGH DECEMBER 31, 2023. true THE FRATERNITY OF ALPHA KAPPA LAMBDA 504 GRADLE DRIVE CARMEL IN 46032 941134660 501(C)(7) 35000 EDUCATIONAL AND LEADERSHIP PROGRAMS 0 1 SCHOLARSHIPS 16 5795 GRANT (BETA GAMMA) 1 4500 Pt I Line 2 GRANTS AWARDED AND PAID TO ORGANIZATIONS ARE BASED ON DOCUMENTATION OF EXPENDITURES OR ARE PAID DIRECTLY TO THE THIRD PARTY. SCHOLARSHIPS ARE AWARDED AND PAID DIRECTLY TO THE RECIPIENTS. Pt VI, Line 6 THE FOUNDATION BOARD ELECTS ITS OWN MEMBERS, EXCEPT DURING THE BIENNIAL MEETING WHERE ANY DONOR CAN VOTE. AT THAT TIME, THE OFFICERS ARE ELECTED AS WELL AS ANY MEMBER WHOSE TERM HAS EXPIRED. Pt VI, Line 7a AT THE BIENNIAL BUSINESS MEETING, DONORS FROM THE PREVIOUS FISCAL YEAR CAN VOTE ON NEW BOARD MEMBERS. ASIDE FROM THE BIENNIAL BUSINESS MEETINGS, ALL BOARD MEMBERS ARE NOMINATED AND APPROVED BY THE BOARD. Pt VI, Line 11b A DRAFT OF THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO ITS FILING. Pt VI, Line 12c THE FOUNDATION ANNUALLY REQUIRES ALL BOARD OF DIRECTORS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THROUGH A QUESTIONNAIRE. Pt VI, Line 15a THE EXECUTIVE DIRECTOR OF THE AKL FRATERNITY SERVES AS THE CHIEF OPERATING OFFICER OF THE FOUNDATION AND HE IS PAID BY THE FRATERNITY. HIS COMPENSATION IS REVIEWED AND APPROVED BY MEMBERS OF THE EXECUTIVE COMMITTEE WITH CONSIDERATION OF COMPENSATION LEVELS AT COMPARABLE ORGANIZATIONS, SIZE OF THE ORGANIZATION, INDUSTRY SURVEYS AND OTHER FACTORS. Pt VI, Line 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL INFORMATION AND TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST. Pt VI, Line 15b SAME RESPONSE AS PART VI, LINE 15A THE FRATERNITY OF ALPHA KAPPA LAMBDA 354 GRADLE DRIVE CARMEL IN 46032 941134660 EDUCATIONAL AND LEADERSHIP PROGRAMS IN 501(C)7 NA false false true false false false false false false false true false false false true false true false false false