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Nonprofiteer
← KAPPA ALPHA THETA FOUNDATION

Form 990 for tax year 2022

Filed by KAPPA ALPHA THETA FOUNDATION.

Totals

Total revenue
$4,162,102
Total expenses
$2,861,080
Contributions and grants received
$2,975,985
Grants paid
$1,675,141
Program service revenue
$0
Investment income
$1,186,117
Other revenue
$0
Total assets, end of year
$42,187,004
Total liabilities, end of year
$346,943
Net assets or fund balances, end of year
$41,840,061
Program services expenses (Part IX)
$1,891,136
Management and general expenses
$467,836
Fundraising expenses
$502,108
Program service expenses (Part III)
$1,891,136

Program services were 66.1% 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

    $2,975,985

  • 1g · Noncash contributions included above

    $320,679

  • 3 · Investment income

    total $873,081 · excluded $873,081

  • 7a · Gross sales of assets other than inventory

    securities $6,415,824

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

    securities $6,102,788

  • 7c · Gain or loss

    securities $313,036

  • 7d · Net gain or loss

    total $313,036 · excluded $313,036

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $784,622 · program services $784,622

  • 2 · Grants to domestic individuals

    total $845,819 · program services $845,819

  • 3 · Grants to foreign organizations and individuals

    total $44,700 · program services $44,700

  • 5 · Compensation of officers, directors and key employees

    total $185,138 · program services $28,611 · management and general $101,148 · fundraising $55,379

  • 7 · Other salaries and wages

    total $455,167 · program services $112,168 · management and general $106,973 · fundraising $236,026

  • 8 · Pension plan contributions

    total $33,604 · program services $4,571 · management and general $10,623 · fundraising $18,410

  • 9 · Other employee benefits

    total $74,820 · program services $23,118 · management and general $16,309 · fundraising $35,393

  • 10 · Payroll taxes

    total $47,274 · program services $9,995 · management and general $14,408 · fundraising $22,871

  • 11b · Fees: legal

    total $6,569 · program services $6,381 · management and general $188

  • 11c · Fees: accounting

    total $23,700 · management and general $23,700

  • 11f · Fees: investment management

    total $64,656 · management and general $64,656

  • 11g · Fees: other

    total $35,563 · fundraising $35,563

  • 12 · Advertising and promotion

    total $1,275 · program services $883 · management and general $392

  • 13 · Office expenses

    total $2,000 · management and general $1,724 · fundraising $276

  • 14 · Information technology

    total $21,934 · program services $7,575 · management and general $539 · fundraising $13,820

  • 16 · Occupancy

    total $73,958 · management and general $73,958

  • 19 · Conferences, conventions and meetings

    total $21,192 · program services $2,149 · management and general $16,421 · fundraising $2,622

  • 22 · Depreciation, depletion and amortization

    total $15,745 · management and general $15,745

  • 23 · Insurance

    total $1,150 · management and general $1,150

  • 24a · Other expenses: MISCELLANEOUS

    total $24,760 · program services $1,277 · management and general $12,066 · fundraising $11,417

  • 24b · Other expenses: DEVELOPMENT & TRAINING

    total $14,806 · program services $3,742 · management and general $5,281 · fundraising $5,783

  • 24c · Other expenses: DIRECT MAIL

    total $14,581 · fundraising $14,581

  • 24d · Other expenses: POSTAGE

    total $13,086 · program services $1,655 · management and general $939 · fundraising $10,492

  • 24e · All other expenses

    total $54,961 · program services $13,870 · management and general $1,616 · fundraising $39,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $274,417 · end of year $466,605

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $607,163

  • 4 · Accounts receivable

    beginning of year $43,375 · end of year $130,636

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,930 · end of year $33,052

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

    $62,776

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

    $45,304

  • 10c · Land, buildings and equipment, net

    beginning of year $33,217 · end of year $17,472

  • 11 · Investments: publicly traded securities

    beginning of year $28,205,593 · end of year $29,916,552

  • 12 · Investments: other securities

    beginning of year $8,677,295 · end of year $9,343,263

  • 15 · Other assets

    beginning of year $308,631 · end of year $1,672,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,098 · end of year $188,663

  • 18 · Grants payable

    beginning of year $51,911 · end of year $157,075

  • 25 · Other liabilities

    beginning of year $1,668 · end of year $1,205

  • 27 · Net assets without donor restrictions

    beginning of year $15,115,217 · end of year $15,935,641

  • 28 · Net assets with donor restrictions

    beginning of year $22,228,564 · end of year $25,904,420

Mission and programs · 2022

Mission

KAPPA ALPHA THETA FOUNDATION SECURES AND MANAGES RESOURCES FOR THE EDUCATIONAL, LEADERSHIP, AND PHILANTHROPIC PROGRAMS OF THE FRATERNITY AND FOR THE SCHOLASTIC, PROFESSIONAL, AND SERVICE PURSUITS OF ITS MEMBERS TO HELP THEM REACH THEIR FULLEST POTENTIAL AND MAKE A DIFFERENCE IN THE WORLD.

Activities or mission (Part I)

TO STRENGTHEN AND EMPOWER MEMBERS THROUGH PHILANTHROPY AND EDUCATION.

  • GRANTS TO INDIVIDUALS OR ORGANIZATIONS FOR EDUCATIONAL AND LEADERSHIP TRAINING PROGRAMS.

    Expenses $488,942 · Grants $433,098

  • SCHOLARSHIPS TO KAPPA ALPHA THETA FRATERNITY ALUMNAE AND COLLEGIANS.

    Expenses $955,541 · Grants $846,404

  • PHILANTHROPIC GRANTS TO ORGANIZATIONS SUPPORTING THOSE WITH SPECIAL NEEDS.

    Expenses $446,653 · Grants $395,639

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

Listed in Part VII

  • Kelley Hurst

    EXECUTIVE DIRECTOR

    Total calculated
    $183,212
    From this org
    $0
    From related orgs
    $152,589
    Other
    $30,623
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $152,589 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,550 related
    Nontaxable benefits
    $0 + $12,073 related
    Filer's total
    $0 + $183,212 related

  • Jennifer Schmaltz

    SECRETARY

    Total calculated
    $1,866
    From this org
    $0
    From related orgs
    $1,804
    Other
    $62
    Hours/week
    1

  • Amy Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kim Looney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Karen Ledbetter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachel Coulter Ocampo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Erica D'Angelo Ochs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Cynthea Yestal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tara Condon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Nancy Frick

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Lisa Youngers

    TREASURER

    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. 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

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

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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202333119349302588

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

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