Totals
- Total revenue
- $1,080,456
- Total expenses
- $1,137,760
- Contributions and grants received
- $1,080,456
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $81,595
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $81,595
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,025,865
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$1,080,456
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $650
-
16 · Occupancy
total $321,712
-
17 · Travel
total $11,391
-
24a · Other expenses: Events
total $526,659
-
24b · Other expenses: Food
total $177,494
-
24c · Other expenses: Kappa Sigma Dues
total $37,656
-
24d · Other expenses: Supplies
total $23,263
-
24e · All other expenses
total $38,935
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $71,520 · end of year $14,217
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$67,378
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $59,732 · end of year $67,378
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $131,252 · end of year $81,595
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
THE FRATERNITY IS A LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY, FOR WHICH PURPOSE IS TO PROVIDE MEALS, HOUSING, EDUCATION, AND SOCIAL PROGRAMS FOR THE SOCIAL FRATERNITY MEMBERS
-
PROVIDED MEALS TO UNDERGRATDUATE MEMBERS
Expenses $177,494
-
PROVIDED HOUSING THROUGH RENTAL OF CHAPTER HOUSE FROM SOUTHERN METHODIST UNIVERSITY
Expenses $321,712
-
PROVIDE SOCIAL ENVIRONMENT FOR MEMBERS
Expenses $526,659
As filed on the 2024 return.
Listed in Part VII
-
Michael Formanek
Alumnus Advisor
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jace Breeden
President
- Total calculated
- $0
- Hours/week
- 10 + 10 related
-
Henry Maw
Treasurer
- Total calculated
- $0
- Hours/week
- 10 + 10 related
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202610139349301201
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