2024-10-29T08:04:36-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 521366872 KAPPA SCHOLARSHIP ENDOWMENT FUND INC KAPP 8666715295 PO BOX 29331 WASHINGTON DC 20017 BRYAN K CRAIG TREASURER 8666715295 2024-10-29 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2024-10-15 13:58:12Z MICHAEL A HOLLIDAY PO BOX 29331 WASHINGTON DC 20017 556132 0 X WWW.KSEF-INC.COM X 1984 DC TO PROVIDE SCHOLARSHIPS TO DESERVING DC PUBLIC HIGH SCHOOL AND PUBLIC CHARTER SCHOOL SENIORS. 27 27 0 27 0 0 97807 141701 0 0 75080 131239 0 0 172887 272940 264000 208000 0 0 0 0 0 0 0 60459 64825 324459 272825 -151572 115 4495890 5173205 446000 520000 4049890 4653205 THE ORGANIZATION'S MISSION IS TO PROVIDE SCHOLARSHIPS TO DESERVING DISTRICT OF COLUMBIA PUBLIC HIGH SCHOOL AND PUBLIC CHARTER SCHOOL SENIORS. 0 0 208000 208000 WE AWARDED 26 $8,000 SCHOLARSHIPS TO DC PUBLIC HIGH SCHOOL AND PUBLIC CHARTER SCHOOL SENIORS. WE ALSO HAVE INSTITUTED A NAMED ENDOWED SCHOLARSHIP PROGRAM, WHERE INDIVIDUALS MAY MAKE PLEDGES OF AT LEAST $5,000 AND HAVE A SCHOLARSHIP ESTABLISHED IN THEIR NAME. 208000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X BRYAN K CRAIG 8666715295 PO BOX 29331 WASHINGTON DC 20017 X X DONALD GREENWOOD CHAIRMAN 2.00 X X 0 0 0 MICHAEL A HOLLIDAY PRESIDENT 20.00 X X 0 0 0 GREGORY WORKS VICE PRESIDENT 2.00 X X 0 0 0 OLIVER ROBINSON SECRETARY 10.00 X X 0 0 0 BRYAN K CRAIG TREASURER 20.00 X X 0 0 0 LEROY CLAY JR ASSISTANT TREASURER 2.00 X X 0 0 0 FLEEKS HAZEL REPORTER 2.00 X X 0 0 0 VINCENT BRUTON HISTORIAN/ARCHIVIST 2.00 X X 0 0 0 CARL E ANDERSON BOARD MEMBER 2.00 X 0 0 0 CHARLIE E MAHONE JR BOARD MEMBER 2.00 X 0 0 0 DARRELL L BLAKE BOARD MEMBER 2.00 X 0 0 0 MALACHI C BROWN BOARD MEMBER 2.00 X 0 0 0 NKOSI BROOKS BOARD MEMBER 2.00 X 0 0 0 JEFFREY K BROWN BOARD MEMBER 2.00 X 0 0 0 MICHAEL R BUTLER BOARD MEMBER 2.00 X 0 0 0 WILLIE E EVANS JR BOARD MEMBER 2.00 X 0 0 0 ELDON HAYMAN JR BOARD MEMBER 2.00 X 0 0 0 DONALD E HUMPHRIES BOARD MEMBER 2.00 X 0 0 0 JOSEPH F LEWIS BOARD MEMBER 2.00 X 0 0 0 SAMUEL E MCCOY BOARD MEMBER 2.00 X 0 0 0 H ABRAHAM MCGILL BOARD MEMBER 2.00 X 0 0 0 EDDIE NEAL BOARD MEMBER 2.00 X 0 0 0 PRESLEY R REED BOARD MEMBER 2.00 X 0 0 0 MAURICE SAWYER BOARD MEMBER 2.00 X 0 0 0 BRIAN SMITH BOARD MEMBER 2.00 X 0 0 0 ROSWELL A TAYLOR JR BOARD MEMBER 2.00 X 0 0 0 MARK WASHINGTON BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 141701 141701 175097 175097 239334 283192 -43858 -43858 -43858 272940 0 0 131239 208000 208000 19500 19500 35267 35267 674 674 5403 5403 637 637 3309 3309 MISCELLANEOUS 35 35 272825 208000 64825 0 175484 143960 120674 218519 5666 15333 4194066 4795393 4495890 5173205 446000 520000 446000 520000 X 4049890 4653205 4049890 4653205 4495890 5173205 115 603200 0 X 0 1 X 1 0 X 99397 96509 543841 97807 141701 979255 99397 96509 543841 97807 141701 979255 420352 558903 172808 194177 340069 181303 175097 1063454 11918 11918 2054627 0.27200 0.26580 X KAPPA SCHOLARSHIP ENDOWMENT FUND, INC. QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING:ITS SUPPORT, AS REPORTED FOR 2023, IS 27.20%, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I).KAPPA SCHOLARSHIP ENDOWMENT FUND IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL FUNDING ON A CONTINUOUS BASIS, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(II). THE ORGANIZATION HAS RECENTLY UNDERTAKEN SIGNIFICANT EFFORTS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT. KSEF CONTINUES TO SEEK NEW AND ADDITIONAL PUBLIC SUPPORT WITH ITS ANNUAL SOLICITATION; PARTICIPATING IN THE COMBINED FEDERAL CAMPAIGN AND UNITED WAY OF THE NATIONAL CAPITAL AREA; SECURING MATCHING FUNDS FROM THE BLACKBAUD FOUNDATION; AND BY INITIATING FUNDRAISING EVENTS. KAPPA SCHOLARSHIP ENDOWMENT FUND'S PUBLIC SUPPORT, AT 27.20%, IS WELL ABOVE THE 10% MINIMUM REQUIRED FOR THE "FACTS AND CIRCUMSTANCES" TEST, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(III). IN MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I), KAPPA SCHOLARSHIP ENDOWMENT FUND HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM THE MEMBERS OF A SINGLE FAMILY, OR FROM A SINGLE DONOR. IN FACT, THE ORGANIZATION HAS RECEIVED FINANCIAL SUPPORT FROM MULTIPLE INDIVIDUAL DONORS. THE ORGANIZATION'S CURRENT FUNDRAISING PLANS ARE TARGETED AT A BROAD BASE OF DONORS. IN THIS RESPECT, KAPPA SCHOLARSHIP ENDOWMENT FUND MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B).KAPPA SCHOLARSHIP ENDOWMENT FUND REMAINS AN ORGANIZATION COMMITTED TO SERVING THE PUBLIC THROUGH ITS WORK. THE ORGANIZATION'S MISSION IS TO PROVIDE SCHOLARSHIPS TO DESERVING DISTRICT OF COLUMBIA PUBLIC HIGH SCHOOL AND PUBLIC CHARTER SCHOOL SENIORS. ITS PROGRAMMATIC WORK AWARDING SCHOLARSHIPS AND INSTITUTING A NAMED ENDOWED SCHOLARSHIP PROGRAM DEMONSTRATES ITS PUBLIC SUPPORT. IN THIS MANNER, KAPPA SCHOLARSHIP ENDOWMENT FUND MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(D). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 840873 603200 603200 237673 35267 35267 272940 237558 0 237558 35267 35267 272825 1 SCHOLARSHIPS 26 208000 PART I, LINE 2: $8,000 SCHOLARSHIPS, PAYABLE IN INCREMENTS OF TWO THOUSAND DOLLARS PER YEAR, ARE AWARDED TO DISTRICT OF COLUMBIA PUBLIC HIGH SCHOOL AND PUBLIC CHARTER SCHOOL STUDENTS. EACH STUDENT MUST PRESENT TO THE ORGANIZATION PROOF OF ENROLLMENT (A LETTER FROM THE OFFICE OF THE REGISTRAR) AT AN ACCREDITED FOUR YEAR COLLEGE OR UNIVERSITY TO RECEIVE AN INITIAL TWO THOUSAND DOLLAR PAYMENT. SUBSEQUENT PAYMENTS ARE MADE BASED ON GRADE POINT AVERAGE. AN OFFICIAL TRANSCRIPT MUST BE PROVIDED BY THE UNIVERSITY OR COLLEGE MAILED DIRECTLY TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WHICH HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE TREASURER. THE FORM 990 WAS ALSO PRESENTED AT THE BOARD MEETING FOR REVIEW AND DISCUSSION BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BEFORE THE BEGINNING OF THE YEAR, EACH BOARD MEMBER IS REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT. IF A CONFLICT ARISES, THE INTERESTED PARTY DISCLOSES THE CONFLICT TO THE BOARD. THE CONFLICT IS THEN RESOLVED BY INDEPENDENT BOARD MEMBERS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION ARE MANAGED BY A NON-COMPENSATED BOARD OF DIRECTORS.