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Nonprofiteer
← KAPPA SIGMA FRATERNITY

Form 990 for tax year 2022

Filed by KAPPA SIGMA FRATERNITY.

Totals

Total revenue
$6,038,827
Total expenses
$6,646,261
Contributions and grants received
$0
Grants paid
$802,143
Program service revenue
$5,398,712
Investment income
$179,630
Other revenue
$460,485
Total assets, end of year
$7,524,824
Total liabilities, end of year
$1,547,079
Net assets or fund balances, end of year
$5,977,745
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: CHAPTER RISK MGMT

    total $2,450,809 · related or exempt $2,450,809

  • 2b · Program service revenue: DUES & ASSESSMENTS

    total $2,323,342 · related or exempt $2,323,342

  • 2c · Program service revenue: SPECIAL EVENTS

    total $389,715 · related or exempt $389,715

  • 2d · Program service revenue: SERVICE REVENUE

    total $100,000 · related or exempt $100,000

  • 2e · Program service revenue: OTHER

    total $76,586 · related or exempt $76,586

  • 2f · All other program service revenue

    total $58,260 · related or exempt $58,260

  • 3 · Investment income

    total $103,370 · unrelated business $103,370

  • 5 · Royalties

    total $397,448 · unrelated business $397,448

  • 7a · Gross sales of assets other than inventory

    securities $1,202,739

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

    securities $1,126,479

  • 7c · Gain or loss

    securities $76,260

  • 7d · Net gain or loss

    total $76,260 · excluded $76,260

  • 10a · Gross sales of inventory

    $2,182

  • 10c · Net income from sales of inventory

    total $2,182 · related or exempt $2,182

  • 11a · Other revenue: FINANCE CHARGES

    total $32,040 · related or exempt $32,040

  • 11b · Other revenue: CADUCEUS ADVERTISING

    total $28,815 · unrelated business $28,815

  • 11e · Other revenue, total

    $60,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $802,143

  • 5 · Compensation of officers, directors and key employees

    total $223,268

  • 7 · Other salaries and wages

    total $704,239

  • 8 · Pension plan contributions

    total $50,105

  • 9 · Other employee benefits

    total $67,506

  • 10 · Payroll taxes

    total $73,700

  • 11f · Fees: investment management

    total $26,382

  • 11g · Fees: other

    total $240,220

  • 13 · Office expenses

    total $20,846

  • 14 · Information technology

    total $358,331

  • 16 · Occupancy

    total $255,998

  • 17 · Travel

    total $378,060

  • 19 · Conferences, conventions and meetings

    total $742,764

  • 20 · Interest

    total $35,086

  • 22 · Depreciation, depletion and amortization

    total $115,144

  • 23 · Insurance

    total $660,971

  • 24a · Other expenses: POSTAGE & SHIPPING

    total $406,206

  • 24b · Other expenses: LIABILITY COVERAGE MGMT

    total $374,234

  • 24c · Other expenses: BANQUET EXPENSE

    total $270,155

  • 24d · Other expenses: PRINTING & PUBLICATIONS

    total $186,703

  • 24e · All other expenses

    total $654,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $683,495 · end of year $843,967

  • 4 · Accounts receivable

    beginning of year $256,116 · end of year $132,195

  • 8 · Inventories for sale or use

    beginning of year $106,236 · end of year $226,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $284,057 · end of year $536,698

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

    $4,410,982

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

    $1,660,216

  • 10c · Land, buildings and equipment, net

    beginning of year $2,831,121 · end of year $2,750,766

  • 11 · Investments: publicly traded securities

    beginning of year $3,658,931 · end of year $2,979,873

  • 15 · Other assets

    beginning of year $37,294 · end of year $54,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,262 · end of year $292,509

  • 19 · Deferred revenue

    beginning of year $381,930 · end of year $503,640

  • 25 · Other liabilities

    beginning of year $511,903 · end of year $750,930

  • 27 · Net assets without donor restrictions

    beginning of year $6,868,155 · end of year $5,977,745

Mission and programs · 2022

Activities or mission (Part I)

TO PROVIDE A FORUM FOR EXCHANGE OF IDEAS RELATING TO EDUCATIONAL PROGRAMS AND LEADERSHIP TRAINING TO ITS UNDERGRADUATE AND ALUMNI CHAPTERS.

  • LIABILITY COVERAGE MANAGEMENT PROGRAM - REPRESENTS EXPENSES IN CONJUNCTION WITH LIABILITY INSURANCE COVERAGE AND RELATED CLAIMS EXPENSE, WHICH IS EXTENDED TO 290 INDIVIDUAL CHAPTERS OF THE FRATERNITY, THEIR OFFICERS, AND FRATERNITY APPOINTED VOLUNTEERS.

  • BROTHERS IN ACTION - INCLUDES EXPENSES INCURRED TO MAINTAIN AND PROMOTE THE FRATERNITY'S 290 INDIVIDUAL CHAPTERS AND COLONIES. THESE EXPENSES INCLUDE THE FRATERNITY'S PROGRAMS DIRECTED AT DEVELOPMENT AND EDUCATION OF ITS UNDERGRADUATE MEMBERSHIP, INCLUDING LEADERSHIP SKILLS TRAINING, PERSONAL RESPONSIBILITY AND ACCOUNTABILITY, TIME MANAGEMENT TECHNIQUES, GOAL SETTING STRATEGIES, VALUES AND ETHICS EDUCATION, WORLD AND U.S. HISTORY PROGRAMS, ALCOHOL AND SUBSTANCE ABUSE PREVENTION AND EDUCATION, AND PEER INTERVENTION TECHNIQUES.

  • CHAMPION QUEST - THE CHAMPION QUEST RECRUITMENT TRAINING AND PROGRAMMING PROCESS DEVELOPED BY THE FRATERNITY EDUCATES THE MEMBERSHIP ON THE SKILLS OF NETWORKING, MARKETING, EVENT PLANNING AND PROGRAMMING, AND ADVANCEMENT OF THE GENERAL EDUCATIONAL MISSION OF THE HOST INSTITUTION AND THE FRATERNITY.

  • ALL OTHER ACCOMPLISHMENTS LEADERSHIP CONFERENCES/CONCLAVE - REPRESENT ALTERNATING BIENNIAL CONFERENCES OFFERING A CONCENTRATED OPPORTUNITY FOR TEACHING AND TRAINING, THE EXCHANGE OF IDEAS, AND DISCUSSION OF NUMEROUS TOPICS AMOUNG THE FRATERNITY'S UNDERGRADUATE AND ALUMNI MEMBERSHIP. CADUCEUS MAGAZINE - PRODUCTION AND MAILING OF THE FRATERNITY'S QUARTERLY MAGAZINE. A GREATER CAUSE - THIS PROGRAM INCLUDES ALUMNI DEVELOPMENT EXPENSES RELATED TO THE FRATERNITY'S EFFORTS TO PROMOTE CONTINUING EDUCATION, LEADERSHIP DEVELOPMENT, LIFE SKILLS TRAINING, COMMUNITY INVOLVEMENT AND RECOGNITION FOR ITS APPROXIMATELY 210,000 ALUMNI MEMBERS. A GREATER CAUSE ADVOCATES ALUMNI OF THE FRATERNITY BECOMING INVOLVED AS ADVISORS AND MENTORS TO BOTH COMMUNITY GROUPS AND UNDERGRADUATE MEMBERS AND CHAPTERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MITCHELL B WILSON

    EXECUTIVE DI

    Total calculated
    $125,416
    From this org
    $125,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CHAD GEBHARDT

    CAO

    Total calculated
    $118,702
    From this org
    $118,702
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ADAM J MERILLAT

    WORTHY GRAND

    Total calculated
    $0
    Hours/week
    15

  • MARTIN C PETERSEN

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • ADAM T POE

    MASTER OF CE

    Total calculated
    $0
    Hours/week
    15

  • DANIEL J TIERNEY

    SCRIBE

    Total calculated
    $0
    Hours/week
    15

  • BURTON R TREMBLY

    PROCURATOR

    Total calculated
    $0
    Hours/week
    15

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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
22 March 2024
IRS schema version
2022v5.0
Source object
202411039349300846

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