NonprofitsAlpha Kappa Psi Scholarship Fund

Education

Alpha Kappa Psi Scholarship Fund

MINNEAPOLIS, MN

Total revenue

$634K

Total expenses

$409K

Net assets

$4.4M

Grants received

$1.2M

24 grants

EIN

411925673

Tax year

2024

Mission

To promote business education at the University of Minnesota by awarding merit-based and need-based scholarships to qualified students.

Programs

1 program

Administrative expenses of the scholarship program.

Expenses: $26K

Financials

FY 2024

Revenue

Contributions & grants$519K
Program service revenue
Investment income$112K
Other revenue$3K
Total revenue$634K

Expenses

Grants paid$348K
Salaries & benefits$36K
Fundraising$14K
Other expenses$25K
Total expenses$409K
Total assets$4.4M
Net assets$4.4M

People

15 listed

NameRoleCompensation

Richard A Perrine

President & Chairman of the Board

Board

2 hrs/wk

Myron C Martin

VP & Treasurer

Board

2 hrs/wk

Wade A Zander

VP of Finance

Board

2 hrs/wk

Lila M Chu

Director

Board

1 hrs/wk

Nicole Johnson

Director

Board

1 hrs/wk

Adam J Krasnoff

Director

Board

1 hrs/wk

Robert Vaupel

Director

Board

1 hrs/wk

Gary M Lechko

Director

Board

1 hrs/wk

Laura C Murphy

Director

Board

1 hrs/wk

Michael J Vanderhayden

Director

Board

1 hrs/wk

Jon Podvin

Director

Board

1 hrs/wk

Amy Richard

Director

Board

1 hrs/wk

Ryan Smith

Director

Board

1 hrs/wk

Drew Reilly

Director

Board

1 hrs/wk

Bradley P Johnson

Executive Director

Staff

$36K

2 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
$288K
FOR ACADEMIC SCHOLARSHIPS
2024
$132K
FOR ACADEMIC SCHOLARSHIPS
2023
$40K
Scholarships in memory of Martin Chorzempa
2023
$12K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$117K
FOR ACADEMIC SCHOLARSHIPS
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$300
GENERAL DONATION
2022
$83K
FOR ACADEMIC SCHOLARSHIPS
2021
$12K
For recipient's exempt purpose
2021
$56K
FOR ACADEMIC SCHOLARSHIPS
2020
$25K
Nonprofit community support
2020
$11K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$1K
GENERAL SUPPORT
2020
$25K
Nonprofit community support
2019
$13K
For grant recipient's exempt purposes
2019
$9K
For grant recipient's exempt purposes
2018
$9K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$1.2M from 10 funders · 24 grants · 2017–2024

Enterprise Education Foundation

$675K · 5 grants · 2020–2024

Donor Advised Charitable Giving Inc

$303K · 5 grants · 2019–2023

Center of the American Experiment

$50K · 2 grants · 2019–2020

Vanguard Charitable Endowment Program

$44K · 4 grants · 2020–2023

Chorzempa Family Foundation

$40K · 1 grant · 2023

Fidelity Investments Charitable Gift Fund

$30K · 3 grants · 2017–2019

Mightycause Charitable Foundation

$7K · 1 grant · 2022

Details

EIN411925673
NTEE codeB82
Subsection03
Ruling date2006-03
Formed1998
Employees0
Volunteers15
ALPHA KAPPA PSI SCHOLARSHIP FUND — Mission, Financials & Grants Received | Grantivo