Minnesota · Nonprofit
ALPHA KAPPA PSI SCHOLARSHIP FUND
ALPHA KAPPA PSI SCHOLARSHIP FUND (Minnesota) receives grants from 12 organizations whose IRS filings report $1,410,540 to it, the largest being ENTERPRISE EDUCATION FOUNDATION ($986,774). 7 of them have funded it in more than one year.
- Revenue FY2025
- $634k
- Funders on record
- 12
- Grants received
- $1.4M
- Net assets
- $4.4M
What Alpha Kappa Psi Scholarship Fund does
Mission
To promote business education at the Carlson School of Management at the University of Minnesota by awarding merit-based and need-based scholarships to students and providing housing in the AKY house.
As stated on its FY2025 Form 990.
Programs
Scholarships awarded to students attending the University of Minnesota Carlson School of Management.
$347,966 spent93% of program spendingAdministrative expenses of the scholarship program.
$25,580 spent7% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $373,546.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.9M to $4.4M (+13%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
82% of ALPHA KAPPA PSI SCHOLARSHIP FUND’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Bradley P Johnson
Executive Director
Board chair
Richard A Perrine
President & Chairman of the Board
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2024 and FY2025 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 5 funders, grant income rose $22k → $197k.
5 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 22% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of ALPHA KAPPA PSI SCHOLARSHIP FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ALPHA KAPPA PSI SCHOLARSHIP FUND leans on a few funders — its largest provides 70% of grant income and the top three 87%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
27% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ALPHA KAPPA PSI SCHOLARSHIP FUND.
Largest funder’s share by year: 2017 66% · 2018 100% · 2019 72% · 2020 66% · 2021 84% · 2022 45% · 2023 59% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of ALPHA KAPPA PSI SCHOLARSHIP FUND's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
98% of ALPHA KAPPA PSI SCHOLARSHIP FUND's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $308k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ALPHA KAPPA PSI SCHOLARSHIP FUND runs a healthier operating margin than three-quarters of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Organizations like ALPHA KAPPA PSI SCHOLARSHIP FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
14%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Alpha Kappa Psi House Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ALPHA KAPPA PSI SCHOLARSHIP FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ALPHA KAPPA PSI SCHOLARSHIP FUND?
- ALPHA KAPPA PSI SCHOLARSHIP FUND (Minnesota) receives grants from 12 organizations whose IRS filings report $1,410,540 to it, the largest being ENTERPRISE EDUCATION FOUNDATION ($986,774). 7 of them have funded it in more than one year.
- How many funders does ALPHA KAPPA PSI SCHOLARSHIP FUND have?
- IRS filings report 12 organizations giving $1,410,540 in grants to ALPHA KAPPA PSI SCHOLARSHIP FUND, 7 of which have funded it in more than one year.
- Who is the largest funder of ALPHA KAPPA PSI SCHOLARSHIP FUND?
- ENTERPRISE EDUCATION FOUNDATION is the largest funder on record, with $986,774 in grants. The full list of funders is on this page.
- How can an organization like ALPHA KAPPA PSI SCHOLARSHIP FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Alpha Kappa Psi Scholarship →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing