Nonprofit · EIN 56-2192985
KAPPA FOUNDATION OF CHARLOTTE INC
Tax-exempt · CHARLOTTE, NC 28216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $583,226 | $428,562 | $154,664 | $2,217,652 | $0 | $2,217,652 |
| December 31, 2024 | 990 | $494,672 | $365,872 | $128,800 | $1,333,888 | $0 | $1,333,888 |
| December 31, 2023 | 990 | $465,134 | $475,653 | -$10,519 | $894,014 | $0 | $894,014 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $492,984
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $90,242
- Other revenue
- $90,242
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $750
- Program services (functional)
- $428,562
Balance sheet and other
- Total assets, start of year
- $1,333,888
- Total assets, end of year
- $2,217,652
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,217,652
- Land, buildings and equipment
- $1,210,000
- Net assets without donor restrictions
- $1,623,609
- Net assets with donor restrictions
- $594,043
- Gross receipts
- $583,226
- Employees
- 0
- Year formed
- 2000
- State of legal domicile
- NC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Sherman | PRESIDENT Officer | 0 | $0 |
| Wesley Griffin | VICE PRESIDENT Officer | 0 | $0 |
| DON HOLLIS | TREASURER Officer | 0 | $0 |
| James Clark | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Sherman | PRESIDENT Officer | 0 | $0 |
| Wesley Griffin | VICE PRESIDENT Officer | 0 | $0 |
| DON HOLLIS | TREASURER Officer | 0 | $0 |
| James Clark | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON HOLLIS | TREASURER Officer | 0 | $0 |
| James Clark | Secretary Officer | 0 | $0 |
| Chris Sherman | PRESIDENT Officer | 0 | $0 |
| Wesley Griffin | VICE PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5409 BEATTIES FORD RD, CHARLOTTE, NC 28216-2301
- In care of
- % CHRISTOPHER SHERMAN
- Signed the 990
- CHRISTOPHER SHERMAN, Officer
- Phone
- (704) 392-6972
- 990-N for 2018 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Lance Johnson, PO Box 16471, Charlotte NC 28297. Mailing address: PO Box 16471, Charlotte NC 28297.
- Return prepared by
- Walter R Nelson CPA PC
Mission
Our Mission is deemed to be charitable and educational as broadly defined. We aim to foster and develop young men in our community to be model scholastic and community citizens.
Program accomplishments
- Our 2025 exempt purpose achievements centered primarily around the full funding and execution of our Guide Right Program -its mission being the fostering of exceptional achievementby young men in our community through diligent role modeling, mentoring, structured involvement and open access to economic scholarship resources. In 2024, our Guide Right Program (i) championed our Kappa League Program component which hosted and mentored children 8th through 11th grade students in the Charlotte Mecklenburg county area and (ii) hosted our 48th Kappa Beautillion Militaire program component which featured achieving young men and provided college scholarships to them.Expenses $428,562 · revenue $492,984
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2192985
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,217,652
- Income (IRS master file)
- $583,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $583,226 | $428,562 | $2,217,652 | IRS |
| 990 | December 2024 | $494,672 | $365,872 | $1,333,888 | XML |
| 990 | December 2023 | $465,134 | $475,653 | $894,014 | XML |
| 990 | December 2022 | $436,271 | $189,635 | $904,533 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Lance Johnson Filed under this EIN, most likely by a chapter or affiliate | December 31, 2018 | ≤ $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 56-2192985).
Questions about KAPPA FOUNDATION OF CHARLOTTE INC
- What is the EIN of KAPPA FOUNDATION OF CHARLOTTE INC?
- The employer identification number (EIN) of KAPPA FOUNDATION OF CHARLOTTE INC is 56-2192985.
- Is KAPPA FOUNDATION OF CHARLOTTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to KAPPA FOUNDATION OF CHARLOTTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KAPPA FOUNDATION OF CHARLOTTE INC 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 KAPPA FOUNDATION OF CHARLOTTE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KAPPA FOUNDATION OF CHARLOTTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of KAPPA FOUNDATION OF CHARLOTTE INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does KAPPA FOUNDATION OF CHARLOTTE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $583,226, expenses of $428,562 and total assets of $2,217,652 at year end.
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