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Denver Kappa Alpha Psi Scholarship Foundation

EIN 84-1097181 · Denver, CO

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

LegitimacyPassesRegistration and standingFinancial healthStrong95 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The Denver Kappa Alpha Psi Scholarship Foundation was formed to support and honor African American young men for their academic and civic accomplishments. We have for over 50 years achieved that goals and remain dedicated to our mission.

Income
$374,798
Spending
$175,991
Spent on programs
71%
Reserves
Over 10 years of spending
Largest source of income
investment income, 51%
Employees
0
Volunteers
0

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

Financial health

Strong: 95 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 53% of income.

  • Income trend

    10 of 15

    Income fell 8% on the year before.

  • Spending floor

    15 of 15

    71% of spending went to programs and raising each dollar of donations cost 0 cents.

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

Governance

Strong: 91 out of 100.

  • Independent board

    25 of 25

    14 of 14 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

    6 of 15

    Its accounts were not audited or reviewed 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 September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

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

Programs described in its return (3)
  1. $125,224 spent. 11 College / University Scholarships were awarded to students planning to attend college in Fall 2025. Denver Scholarship Foundation contribution to further assist students pursuing a college / university degree. Board Members have performed speaking series addressing community members on various subjects around leadership and preparing for the professional working environment. Business advising to other foundations in existence or planning to form that have similar missions and goals as the DKAPS Foundation. Continued management of our endowment with minimal fees and administrative cost.
  2. The Denver Kappa Alpha Psi Scholarship Foundation was formed to honor African American young men who have demonstrated excellence in their academic pursuit and have demonstrated the desire to participate in activities that give back to their communities. The Foundation relies on the Kappa Alpha Psi Fraternity, Inc Denver Alumni Chapter to execute a fair scholarship selection process without the influence of the Foundation to select a number of students each year to honor to the extent of the budget set by the Foundation. In addition, the Foundation funds programs such as Kappa League and Guide Right to build a pipeline of well deserving young men for the scholarship program. The Foundation has been successful in raising funds and managing our funds utilizing very strict financial policies we hold our financial advising partners too, along with following the rules of the Secretary of State and any laws or guidelines set forth by regulating bodies of non profit organizations. Our Board met as scheduled and acted upon any decision necessary as outlined in our meeting minutes and elected very qualified members to serve as officers, board members, and advisors (an entity to train potential board members). The Foundation continues to seek donors to our organization that are suitable partners, meaning the goals of their organization and ethics with which they govern are consistent with the mission and goals of our Foundation. Some of the sources of our donations include, Board Members - which are by the rules set in our By-Laws contributed a minimum of $1100 this year, individual donors, corporate donors, foundation donors, in kind services, and any profits made from the scholarship program luncheon. Our corporate donors have been very loyal to the Foundation, many have been donors since our inception. There is no compensation of any kind provided to the Board of Directors for their time and participation on the Foundation Board. The Foundation Board sets our administration fee budget each year to less than 5% annually, many years being well below the overall goal. It is management's goal to, to keep expenses within 5% of total donation revenue. When you examine our returns, the investment has paid off well and also brings another level of governance on the transfer or withdrawal of funds. Part V Statements Regarding Other IRS Filings and Tax Compliance The Foundation is in complete compliance with the IRS filings and related tax compliances. The Foundation is a 501(c)3. There are no employees of the Foundation. To that end, there are no related payroll filings.
  3. Kappa League program contribution to mentor high school young men by providing life skills and support for their goals. Guide Right program contribution to mentor middle school young men by teaching them the importance of community service and other life skills appropriate for their age.

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

Legitimacy checks

  1. 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.

  2. 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.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. 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.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.