Nonprofit · EIN 35-6016131
ALPHA KAPPA PSI FOUNDATION
Tax-exempt · NOBLESVILLE, IN 46062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $601,227 | $1,085,814 | -$484,587 | $5,561,381 | $442,256 | $5,119,125 |
| June 30, 2024 | 990 | $571,197 | $635,820 | -$64,623 | $5,548,141 | $221,248 | $5,326,893 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $286,343
- Program service revenue
- $0
- Investment income
- $304,646
- Net gain from sales of assets
- $176,760
- Other revenue
- $10,238
Expenses
- Grants and similar amounts paid
- $731,040
- Other salaries and wages
- $198,638
- Salaries, compensation and benefits (total)
- $249,522
- Professional fundraising fees
- $0
- Accounting fees
- $22,590
- Occupancy
- $7,500
- Program services (functional)
- $813,020
- Management and general (functional)
- $133,359
- Fundraising (functional)
- $139,435
Balance sheet and other
- Total assets, start of year
- $5,548,141
- Total assets, end of year
- $5,561,381
- Total liabilities, end of year
- $442,256
- Net assets, end of year
- $5,119,125
- Publicly traded securities
- $5,043,712
- Net assets without donor restrictions
- $1,768,255
- Net assets with donor restrictions
- $3,350,870
- Gross receipts
- $3,076,905
- Employees
- 0
- Volunteers
- 75
- Year formed
- 1951
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISON JENNINGS | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| DAN ROSELLI | VICE CHAIR (8/16/24 - 6/30/25 Trustee or director, Officer | 3 | $0 |
| TIMOTHY DANIELS | TREASURER/SECRETARY Trustee or director, Officer | 3 | $0 |
| C STEVEN HARTMAN | CEO Officer | 20 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISON JENNINGS | CHAIR Trustee or director, Officer | 3 | $0 |
| DAN ROSELLI | VICE CHAIR (8/16/23 - CURRENT) Trustee or director, Officer | 3 | $0 |
| TIMOTHY DANIELS | TREASURER/SECRETARY Trustee or director, Officer | 3 | $0 |
| MAT JOHNSTON | DIRECTOR (7/1/23 - 8/15/23) Trustee or director | 1 | $0 |
| JACQUELINE GINARTE | DIRECTOR (7/1/23 - 8/15/23) Trustee or director | 1 | $0 |
| STEPHEN SMITH | DIRECTOR (7/1/23 - 8/15/23) Trustee or director | 1 | $0 |
| C STEVEN HARTMAN | CEO Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 8001 E 196TH ST, NOBLESVILLE, IN 46062-9091
- Mailing address (990-N for 2008)
- 7851 Stansbury Ave, Panorama City CA 91402
- Principal officer (990 for 2024)
- CARL STEVEN HARTMAN, 8001 E 196TH STREET, NOBLESVILLE, IN 46062
- Principal officer (990-N for 2008)
- Daniel Nguyen, 22704 Baltar Street, West Hills CA 91304
- Signed the 990
- CARL STEVEN HARTMAN, CEO
- Phone
- (317) 872-1553
- Website
- http://www.muphiakpsi.com
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
TO PROVIDE RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS.
Program accomplishments
- THE FOUNDATION DISTRIBUTES MORE THAN 80 GRANTS AND SCHOLARSHIPS TO UNDERGRAD AND GRAD STUDENTS. THE SCHOLARSHIPS ARE FOR ACADEMY (A LEADERSHIP DEVELOPMENT CONFERENCE), ACADEMIC TEAM (TOP SCHOLARS WHO MAKE POSITIVE CONTRIBUTIONS TO THEIR SCHOOL AND COMMUNITY), GENERAL SCHOLARSHIPS BASED ON SCHOLASTIC ACHIEVEMENT, RESTRICTED SCHOLARSHIPS (BASED ON AREA OF STUDY, CHAPTER OR OTHER DONOR STIPULATIONS).Expenses $222,936 · grants $140,956
- ALPHA KAPPA PSI FOUNDATION MAKES GRANTS TO ALPHA KAPPA PSI PROFESSIONAL BUSINESS FRATERNITY TO FUND EDUCATIONAL, LEADERSHIP, AND PROFESSIONAL DEVELOPMENT PROGRAMMING FOR ALPHA KAPPA PSI STUDENT AND ALUMNI MEMBERS. THESE PROGRAMS FOCUS ON SKILL BUILDING, CAREER DEVELOPMENT, ETHICAL LEADERSHIP, AND ENTREPRENEURSHIP, PROVIDING MEMBERS WITH OPPORTUNITIES TO ENHANCE THEIR PROFESSIONAL COMPETENCIES AND NETWORK WITH INDUSTRY LEADERS. THE FOUNDATION SUPPORTS INITIATIVES SUCH AS LEADERSHIP CONFERENCES, SCHOLARSHIP PROGRAMS, AND MENTORSHIP OPPORTUNITIES THAT CONTRIBUTE TO THE GROWTH AND SUCCESS OF ALPHA KAPPA PSI MEMBERSExpenses $590,084 · grants $590,084
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-6016131
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1956
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B84Z)
- Assets (IRS master file)
- $5,561,381
- Income (IRS master file)
- $3,076,905
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $601,227 | $1,085,814 | $5,561,381 | IRS |
| 990 | June 2024 | $571,197 | $635,820 | $5,548,141 | IRS |
| 990 | June 2023 | $157,636 | $600,049 | $5,035,602 | IRS |
| 990 | June 2022 | $1,539,433 | $453,290 | $4,970,263 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Daniel Nguyen | June 30, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6016131).
Questions about ALPHA KAPPA PSI FOUNDATION
- What is the EIN of ALPHA KAPPA PSI FOUNDATION?
- The employer identification number (EIN) of ALPHA KAPPA PSI FOUNDATION is 35-6016131.
- Is ALPHA KAPPA PSI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1956.
- Are donations to ALPHA KAPPA PSI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALPHA KAPPA PSI FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALPHA KAPPA PSI FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALPHA KAPPA PSI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ALPHA KAPPA PSI FOUNDATION?
- The 990 for the year ended June 30, 2025 names CARL STEVEN HARTMAN.
- Who are the officers and directors of ALPHA KAPPA PSI FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does ALPHA KAPPA PSI FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $601,227, expenses of $1,085,814 and total assets of $5,561,381 at year end.
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