Passes our checks

Alpha Kappa Psi Foundation

EIN 35-6016131 · Noblesville, IN

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO PROVIDE RESOURCES FOR ENHANCING THE EDUCATIONAL EXPERIENCE OF FUTURE BUSINESS LEADERS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 78 out of 100. Higher than 50% of charities in its peer group (education, $250k to $1m).

Reserves
35 of 35
Spendable reserves would cover 19.5 months of spending.
Debt
20 of 20
It owes 8% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 81% of income.
Income trend
15 of 15
Income rose 5% on the year before.
Spending floor
8 of 15
75% of spending went to programs and raising each dollar of donations cost 49 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 93 out of 100. Higher than 90% of charities in its peer group (education, $250k to $1m).

Independent board
18 of 25
3 of 3 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

$222,936 spent. 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).
$590,084 spent. 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 MEMBERS

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1956.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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