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Nonprofiteer
← KAPPA ALPHA THETA FRATERNITY

Form 990 for tax year 2024

Filed by KAPPA ALPHA THETA FRATERNITY.

Totals

Total revenue
$10,585,112
Total expenses
$8,015,297
Contributions and grants received
$550,889
Grants paid
$162,883
Program service revenue
$7,092,377
Investment income
$2,232,845
Other revenue
$709,001
Total assets, end of year
$42,174,245
Total liabilities, end of year
$21,734,835
Net assets or fund balances, end of year
$20,439,410
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $550,889

  • 2a · Program service revenue: MEMBERSHIP DUES AND ASSESSMENTS

    total $4,953,900 · related or exempt $4,953,900

  • 2b · Program service revenue: LEADERSHIP AND CONVENTION

    total $1,327,786 · related or exempt $1,327,786

  • 2c · Program service revenue: RISK MANAGEMENT

    total $439,431 · related or exempt $439,431

  • 2d · Program service revenue: INTEREST ON LOANS

    total $246,375 · related or exempt $246,375

  • 2e · Program service revenue: LIFE LOYAL PROGRAM

    total $92,970 · related or exempt $92,970

  • 2f · All other program service revenue

    total $31,915 · related or exempt $31,915

  • 3 · Investment income

    total $1,100,785 · unrelated business $1,035,893 · excluded $64,892

  • 5 · Royalties

    total $392,277 · unrelated business $392,277

  • 6a · Gross rents

    real property $124,102

  • 6b · Less rental expenses

    real property $124,720

  • 6c · Rental income or loss

    real property -$618

  • 6d · Net rental income or loss

    total -$618 · excluded -$618

  • 7a · Gross sales of assets other than inventory

    securities $7,508,181

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

    securities $6,376,121

  • 7c · Gain or loss

    securities $1,132,060

  • 7d · Net gain or loss

    total $1,132,060 · unrelated business $20,145 · excluded $1,111,915

  • 10a · Gross sales of inventory

    $453,739

  • 10b · Cost of goods sold

    $191,182

  • 10c · Net income from sales of inventory

    total $262,557 · related or exempt $262,557

  • 11a · Other revenue: MISCELLANEOUS

    total $54,785 · related or exempt $54,785

  • 11e · Other revenue, total

    $54,785

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,000

  • 2 · Grants to domestic individuals

    total $122,883

  • 5 · Compensation of officers, directors and key employees

    total $1,034,370

  • 7 · Other salaries and wages

    total $989,395

  • 8 · Pension plan contributions

    total $456,869

  • 9 · Other employee benefits

    total $515,758

  • 10 · Payroll taxes

    total $256,342

  • 11b · Fees: legal

    total $17,698

  • 11c · Fees: accounting

    total $35,303

  • 11f · Fees: investment management

    total $63,892

  • 11g · Fees: other

    total $94,718

  • 12 · Advertising and promotion

    total $95,780

  • 13 · Office expenses

    total $100,372

  • 14 · Information technology

    total $920,471

  • 16 · Occupancy

    total $97,834

  • 17 · Travel

    total $1,290,121

  • 19 · Conferences, conventions and meetings

    total $602,973

  • 20 · Interest

    total $51,187

  • 22 · Depreciation, depletion and amortization

    total $80,613

  • 24a · Other expenses: FEDERAL & STATE UBTI TA

    total $360,318

  • 24b · Other expenses: RISK MANAGEMENT

    total $369,855

  • 24c · Other expenses: EDUCATION AND LEADERSHI

    total $93,118

  • 24d · Other expenses: TRAINING AND DEVELOPMEN

    total $87,797

  • 24e · All other expenses

    total $237,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,462,629 · end of year $2,098,526

  • 2 · Savings and temporary cash investments

    beginning of year $7,501,956 · end of year $10,300,461

  • 4 · Accounts receivable

    beginning of year $498,795 · end of year $332,653

  • 7 · Other notes and loans receivable

    beginning of year $4,964,417 · end of year $4,537,856

  • 8 · Inventories for sale or use

    beginning of year $102,618 · end of year $116,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $959,657 · end of year $98,259

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

    $3,048,228

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

    $2,412,309

  • 10c · Land, buildings and equipment, net

    beginning of year $1,363,333 · end of year $635,919

  • 11 · Investments: publicly traded securities

    beginning of year $22,021,790 · end of year $24,017,337

  • 12 · Investments: other securities

    beginning of year $25,822 · end of year $31,977

  • 15 · Other assets

    beginning of year $18,554 · end of year $4,524

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,953,449 · end of year $3,116,685

  • 19 · Deferred revenue

    beginning of year $1,879,357 · end of year $948,598

  • 21 · Escrow or custodial account liability

    beginning of year $14,307,889 · end of year $16,097,773

  • 23 · Secured mortgages and notes payable

    beginning of year $504,569 · end of year $281,566

  • 25 · Other liabilities

    beginning of year $2,797,668 · end of year $1,290,213

  • 27 · Net assets without donor restrictions

    beginning of year $17,372,473 · end of year $20,376,973

  • 28 · Net assets with donor restrictions

    beginning of year $104,166 · end of year $62,437

Mission and programs · 2024

Mission

KAPPA ALPHA THETA NURTURES EACH MEMBER THROUGHOUT HER LIFETIME, OFFERING OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH.

  • MEMBER SERVICES PROVIDE EDUCATIONAL AND SOCIAL ACTIVITIES FOR ALL MEMBERS. THESE SERVICES INCLUDE THE EDUCATIONAL LEADERSHIP CONSULTANT PROGRAM, MEMBER ORIENTATION, SISTERS SUPPORTING SISTERS, EMERGING LEADERS INSTITUTE, LEADERSHIP ACADEMY, SERVICE TRIPS AND ALCOHOL SKILLS TRAINING PROGRAMS.

  • RISK MANAGEMENT PROVIDES INSURANCE PROTECTION AGAINST LIABILITY AND CASUALTY.

  • GRAND CONVENTION IS HELD TO:1. ELECT THE MEMBERS OF GRAND COUNCIL.2. ESTABLISH THE BASIC OBJECTIVES AND POLICIES OF KAPPA ALPHA THETA, INCLUDING THE CHARITABLE, EDUCATIONAL, AND SERVICE OBJECTIVES THEREOF.3. DETERMINE THE QUALIFICATIONS FOR FRATERNITY MEMBERSHIP.4. SET THE STANDARDS GOVERNING THE CONDUCT AND DISCIPLINE OF MEMBERS AND CHAPTERS.5. ESTABLISH THE ORGANIZATIONAL STRUCTURE OF THE FRATERNITY AND THE PRINCIPAL FUNCTIONS, RESPONSIBILITIES, AND RELATIONSHIPS OF THE OFFICERS, DISTRICTS, CHAPTERS, CORPORATIONS, AND OTHER UNITS.6. PROVIDE FOR THE CREATION OF REVENUES NECESSARY TO THE ATTAINMENT OF FRATERNITY OBJECTIVES AND THE PROPER CONDUCT OF ITS AFFAIRS, FIX GENERAL FRATERNITY FEES AND DUES, AND PROVIDE FOR THE MANAGEMENT OF FRATERNITY FUNDS AND PROPERTIES.

  • LEADERSHIP CONFERENCES PROVIDE PROGRAMMING EDUCATION AND SUPPORT FOR ITS MEMBERS TO ENHANCE THEIR INDIVIDUAL, INTELLECTUAL, CHARACTER, AND LEADERSHIP SKILLS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ERICA D'ANGELO OCHS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    18

  • NICOLE FRANK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • CATHERINE LOCK BIBB

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • LAURA RICHARDSON BRIGHT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • CYNTHEA STRUBE YESTAL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • TJ CONDON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • LESLIE FRANKLIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • JEFFREY RISSER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $182,276
    From this org
    $161,320
    From related orgs
    $0
    Other
    $20,956
    Hours/week
    29 + 21 related

    Schedule J breakdown matched by us

    Base
    $161,320
    Bonus
    $0
    Other
    $0
    Deferred
    $8,801
    Nontaxable benefits
    $12,155
    Filer's total
    $182,276

  • JENNIFER SCHMALTZ

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $248,118
    From this org
    $224,907
    From related orgs
    $0
    Other
    $23,211
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $224,907
    Bonus
    $0
    Other
    $0
    Deferred
    $11,684
    Nontaxable benefits
    $11,527
    Filer's total
    $248,118

  • MELINDA YOUNG MARSHALL

    CHIEF ADMINISTRATION OFFIC

    Total calculated
    $140,243
    From this org
    $122,767
    From related orgs
    $0
    Other
    $17,476
    Hours/week
    48 + 2 related

  • JULIANNE BUTLER

    CHIEF MARKETING OFFICER

    Total calculated
    $135,937
    From this org
    $118,797
    From related orgs
    $0
    Other
    $17,140
    Hours/week
    49 + 1 related

  • HEATHER DARRING

    CHIEF INFORMATION OFFICER

    Total calculated
    $111,209
    From this org
    $89,734
    From related orgs
    $0
    Other
    $21,475
    Hours/week
    49 + 1 related

  • MELISSA SHAUB

    DIRECTOR OF ED & LEAD

    Total calculated
    $120,762
    From this org
    $104,608
    From related orgs
    $0
    Other
    $16,154
    Hours/week
    40

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202640139349303129

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