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Nonprofiteer
← KAPPA DELTA FOUNDATION INC

Form 990 for tax year 2023

Filed by KAPPA DELTA FOUNDATION INC.

Totals

Total revenue
$10,606,030
Total expenses
$4,581,468
Contributions and grants received
$2,797,402
Grants paid
$3,072,487
Program service revenue
$0
Investment income
$7,808,628
Other revenue
$0
Total assets, end of year
$47,759,169
Total liabilities, end of year
$1,095,818
Net assets or fund balances, end of year
$46,663,351
Program services expenses (Part IX)
$3,098,896
Management and general expenses
$775,570
Fundraising expenses
$707,002
Program service expenses (Part III)
$3,098,896

Program services were 67.6% 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

    $2,797,402

  • 1g · Noncash contributions included above

    $114,470

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,207,408 · excluded $1,207,408

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $65,970,796

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

    securities $59,369,576

  • 7c · Gain or loss

    securities $6,601,220 · other assets $0

  • 7d · Net gain or loss

    total $6,601,220 · excluded $6,601,220

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,093,258 · program services $2,093,258

  • 2 · Grants to domestic individuals

    total $979,229 · program services $979,229

  • 5 · Compensation of officers, directors and key employees

    total $51,384 · program services $1,353 · management and general $18,211 · fundraising $31,820

  • 7 · Other salaries and wages

    total $486,579 · program services $12,808 · management and general $172,451 · fundraising $301,320

  • 8 · Pension plan contributions

    total $9,870 · program services $260 · management and general $3,498 · fundraising $6,112

  • 9 · Other employee benefits

    total $35,954 · program services $946 · management and general $12,743 · fundraising $22,265

  • 10 · Payroll taxes

    total $40,518 · program services $1,067 · management and general $14,360 · fundraising $25,091

  • 11b · Fees: legal

    total $27,876 · management and general $23,153 · fundraising $4,723

  • 11c · Fees: accounting

    total $27,672 · management and general $27,672

  • 11e · Fees: professional fundraising services

    total $120,261 · fundraising $120,261

  • 11f · Fees: investment management

    total $185,009 · management and general $185,009

  • 11g · Fees: other

    total $31,841 · program services $110 · management and general $1,479 · fundraising $30,252

  • 12 · Advertising and promotion

    total $52,715 · program services $6,000 · management and general $25,064 · fundraising $21,651

  • 13 · Office expenses

    total $27,416 · management and general $5,149 · fundraising $22,267

  • 14 · Information technology

    total $146,006 · management and general $109,123 · fundraising $36,883

  • 16 · Occupancy

    total $30,448 · management and general $30,448

  • 17 · Travel

    total $52,915 · program services $579 · management and general $46,105 · fundraising $6,231

  • 19 · Conferences, conventions and meetings

    total $110 · fundraising $110

  • 22 · Depreciation, depletion and amortization

    total $24,940 · management and general $940 · fundraising $24,000

  • 23 · Insurance

    total $61,452 · management and general $61,452

  • 24a · Other expenses: Sorority Staff Services

    total $80,538 · program services $2,120 · management and general $28,544 · fundraising $49,874

  • 24b · Other expenses: Membership Dues/Subscriptions

    total $8,202 · management and general $8,202

  • 24c · Other expenses: stewardship gifts

    total $6,221 · program services $1,166 · management and general $913 · fundraising $4,142

  • 24d · Other expenses: Miscellaneous

    total $906 · management and general $906

  • 24e · All other expenses

    total $148 · program services $0 · management and general $148 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,242,576 · end of year $1,156,695

  • 4 · Accounts receivable

    beginning of year $47,239 · end of year $5,143

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,155 · end of year $62,734

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

    $75,384

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

    $30,940

  • 10c · Land, buildings and equipment, net

    beginning of year $66,000 · end of year $44,444

  • 11 · Investments: publicly traded securities

    beginning of year $40,823,472 · end of year $46,490,153

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,260,586 · end of year $1,095,818

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $23,482,748 · end of year $26,503,107

  • 28 · Net assets with donor restrictions

    beginning of year $19,494,108 · end of year $20,160,244

Mission and programs · 2023

Mission

The Kappa Delta Foundation unites sisters to invest in one another, fostering a legacy of support and empowerment. Through scholarships, leadership programs, charitable efforts and member assistance, the foundation advances the mission of Kappa Delta Sorority and inspires a lifetime of confidence, growth and connection.

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 $2,227,453 · Grants $2,227,453

  • 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 $845,034 · Grants $845,034

  • other program services includes supplies and other expenses incurred in connection with grants to charitable organizations.

    Expenses $26,409

As filed on the 2023 return.

Listed in Part VII

  • Anna Rich

    Director

    Total calculated
    $0
    Hours/week
    5

  • Brandi Harper

    Director

    Total calculated
    $0
    Hours/week
    5

  • Cheryl Sizer

    Secretary - Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Langford

    Director

    Total calculated
    $0
    Hours/week
    5

  • Emily Feinstein

    Director

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Wood

    Director

    Total calculated
    $0
    Hours/week
    5

  • Kathryn McGlynn

    Director

    Total calculated
    $0
    Hours/week
    5

  • Kirsten Kuykendoll

    Vice - Chair

    Total calculated
    $0
    Hours/week
    5

  • Kristin Power

    Director

    Total calculated
    $0
    Hours/week
    5

  • Michelle Rabideau

    Board Chair

    Total calculated
    $0
    Hours/week
    5

  • Sarah Dubbert

    Director

    Total calculated
    $0
    Hours/week
    5

  • Susan Stockton

    Director

    Total calculated
    $0
    Hours/week
    5

  • Tove Thomas

    Director

    Total calculated
    $0
    Hours/week
    5

  • Joelle Shearin

    Director of Finance

    Total calculated
    $22,884
    From this org
    $22,884
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $22,884
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $22,884

  • Maggie Waples

    Executive Director

    Total calculated
    $28,501
    From this org
    $28,501
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $28,501
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $28,501

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
All directors (including Executive Director) were eligible to receive up to a 10% bonus of their salary pending the outcome of the annual performance review. No payments were made during the year.
Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL
NAME - MAGGIE WAPLES, COMPENSATION FROM UNRELATED ORGANIZATION - 28501, NAME OF UNRELATED ORGANIZATION - KAPPA DELTA SORORITY, TYPE OF COMPENSATION - REIMBURSEMENT OF SERVICES PERFORMED
Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL
NAME - JOELLE SHEARIN, COMPENSATION FROM UNRELATED ORGANIZATION - 22884, NAME OF UNRELATED ORGANIZATION - KAPPA DELTA SORORITY, TYPE OF COMPENSATION - REIMBURSEMENT OF SERVICES PERFORMED

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2025
IRS schema version
2023v6.0
Source object
202531019349300543

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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