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Nonprofiteer
← KAPPA DELTA FOUNDATION INC

Form 990 for tax year 2022

Filed by KAPPA DELTA FOUNDATION INC.

Totals

Total revenue
$5,114,398
Total expenses
$3,611,558
Contributions and grants received
$3,473,584
Grants paid
$2,054,801
Program service revenue
$0
Investment income
$1,640,814
Other revenue
$0
Total assets, end of year
$44,237,442
Total liabilities, end of year
$1,260,586
Net assets or fund balances, end of year
$42,976,856
Program services expenses (Part IX)
$2,088,700
Management and general expenses
$966,389
Fundraising expenses
$556,469
Program service expenses (Part III)
$2,088,700

Program services were 57.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,473,584

  • 1g · Noncash contributions included above

    $130,025

  • 3 · Investment income

    total $1,121,444 · excluded $1,121,444

  • 7a · Gross sales of assets other than inventory

    securities $17,839,648

  • 7b · Less cost or other basis and sales expenses

    securities $17,320,278

  • 7c · Gain or loss

    securities $519,370

  • 7d · Net gain or loss

    total $519,370 · excluded $519,370

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,167,536 · program services $1,167,536

  • 2 · Grants to domestic individuals

    total $887,265 · program services $887,265

  • 7 · Other salaries and wages

    total $479,009 · program services $9,459 · management and general $255,103 · fundraising $214,447

  • 8 · Pension plan contributions

    total $9,914 · program services $196 · management and general $5,280 · fundraising $4,438

  • 9 · Other employee benefits

    total $40,285 · program services $796 · management and general $21,454 · fundraising $18,035

  • 10 · Payroll taxes

    total $37,145 · program services $734 · management and general $19,782 · fundraising $16,629

  • 11b · Fees: legal

    total $50,959 · management and general $32,008 · fundraising $18,951

  • 11c · Fees: accounting

    total $23,226 · management and general $23,226

  • 11f · Fees: investment management

    total $149,590 · management and general $149,590

  • 11g · Fees: other

    total $51,879 · program services $37 · management and general $11,016 · fundraising $40,826

  • 12 · Advertising and promotion

    total $169,159 · program services $14,445 · management and general $17,633 · fundraising $137,081

  • 13 · Office expenses

    total $46,835 · program services $374 · management and general $10,155 · fundraising $36,306

  • 14 · Information technology

    total $27,855 · management and general $18,476 · fundraising $9,379

  • 16 · Occupancy

    total $138,656 · management and general $138,656

  • 17 · Travel

    total $177,664 · program services $3,472 · management and general $162,107 · fundraising $12,085

  • 19 · Conferences, conventions and meetings

    total $100 · management and general $100

  • 22 · Depreciation, depletion and amortization

    total $6,000 · fundraising $6,000

  • 23 · Insurance

    total $44,699 · management and general $44,699

  • 24a · Other expenses: SORORITY STAFF SERVICES

    total $85,773 · program services $1,715 · management and general $45,460 · fundraising $38,598

  • 24b · Other expenses: STEWARDSHIP GIFTS

    total $17,779 · program services $2,714 · management and general $13,644 · fundraising $1,421

  • 24c · Other expenses: MEMBERSHIP DUES/SUBSCRI

    total $6,454 · management and general $6,223 · fundraising $231

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $1,669 · management and general $1,349 · fundraising $320

  • 24e · All other expenses

    total -$7,893 · program services -$43 · management and general -$9,572 · fundraising $1,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,797,944 · end of year $3,242,576

  • 4 · Accounts receivable

    beginning of year $36,776 · end of year $47,239

  • 9 · Prepaid expenses and deferred charges

    end of year $58,155

  • 10a · Land, buildings and equipment: cost or other basis

    $72,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $66,000

  • 11 · Investments: publicly traded securities

    beginning of year $39,296,401 · end of year $40,823,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $679,600 · end of year $1,260,586

  • 27 · Net assets without donor restrictions

    beginning of year $22,976,481 · end of year $23,482,748

  • 28 · Net assets with donor restrictions

    beginning of year $17,475,040 · end of year $19,494,108

Mission and programs · 2022

Mission

THE MISSION OF THE KAPPA DELTA FOUNDATION, INC. IS TO SECURE FUNDS FOR THE EDUCATIONAL, LEADERSHIP AND CHARITABLE PURPOSES OF KAPPA DELTA SORORITY.

Activities or mission (Part I)

THE MISSION OF THE KAPPA DELTA FOUNDATION IS TO SECURE FUNDS FOR THE EDUCATIONAL, LEADERSHIP AND CHARITABLE PURPOSES OF KAPPA DELTA SORORITY.

  • THE FOUNDATION PROVIDED FINANCIAL GRANTS TO NONPROFIT ORGANIZATIONS WHOSE MISSION IS TO PROVIDE CHARITABLE SERVICES, LEADERSHIP PROGRAMMING AND/OR PROMOTE ACADEMIC EXCELLENCE.

    Expenses $1,167,536 · Grants $1,167,536

  • THE FOUNDATION SUPPORTED COLLEGE EDUCATION BY AWARDING SCHOLARSHIPS AND FELLOWSHIPS AND BY PROVIDING EDUCATIONAL SEMINARS AND CONFERENCES. IN ADDITION, THE FOUNDATION ALSO PROVIDED ALUMNAE CRISIS GRANTS.

    Expenses $887,265 · Grants $887,265

  • OTHER PROGRAM SERVICES INCLUDES SUPPLIES AND OTHER EXPENSES INCURRED IN CONNECTION WITH GRANTS TO CHARITABLE ORGANIZATIONS.

    Expenses $33,899

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Langford

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Michelle Rabideau

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Susan Mickelberg

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Cheryl Sizer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Emily Feinstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Brandi Harper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kathryn McGlynn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kristin Power

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Susan Stockton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tove Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kirsten Kuykendoll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jodi Scheurenbrand

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Laura Magedoff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Margaret Waples

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Joelle Shearin

    DIRECTOR OF FINANCE

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990 PART VII LINE 5:
UNRELATED ORGANIZATION: KAPPA DELTA SORORITY COMPENSATION: $9,135 PERSON RECEIVING COMPENSATION: MARGARET WAPLES UNRELATED ORGANIZATION: KAPPA DELTA SORORITY COMPENSATION: $11,279 PERSON RECEIVING COMPENSATION: JOELLE SHEARIN

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
30 May 2024
IRS schema version
2022v5.0
Source object
202421599349300617

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