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Nonprofiteer
← KAPPA KAPPA GAMMA FOUNDATION

Form 990 for tax year 2022

Filed by KAPPA KAPPA GAMMA FOUNDATION.

Totals

Total revenue
$3,824,207
Total expenses
$5,863,274
Contributions and grants received
$2,759,560
Grants paid
$3,054,881
Program service revenue
$0
Investment income
$1,056,731
Other revenue
$7,916
Total assets, end of year
$55,354,104
Total liabilities, end of year
$1,449,264
Net assets or fund balances, end of year
$53,904,840
Program services expenses (Part IX)
$3,418,030
Management and general expenses
$1,440,412
Fundraising expenses
$1,004,832
Program service expenses (Part III)
$3,418,030

Program services were 58.3% 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

    $2,759,560

  • 1g · Noncash contributions included above

    $258,022

  • 3 · Investment income

    total $1,161,612 · unrelated business $84,424 · excluded $1,077,188

  • 7a · Gross sales of assets other than inventory

    securities $5,932,436

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

    securities $6,037,317

  • 7c · Gain or loss

    securities -$104,881

  • 7d · Net gain or loss

    total -$104,881 · excluded -$104,881

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,497 · excluded $6,497

  • 11b · Other revenue: LIFE INS CASH SURRENDER VALUE

    total $1,419 · excluded $1,419

  • 11e · Other revenue, total

    $7,916

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,564,418 · program services $1,564,418

  • 2 · Grants to domestic individuals

    total $1,479,963 · program services $1,479,963

  • 3 · Grants to foreign organizations and individuals

    total $10,500 · program services $10,500

  • 5 · Compensation of officers, directors and key employees

    total $161,920 · program services $25,184 · management and general $83,935 · fundraising $52,801

  • 7 · Other salaries and wages

    total $688,507 · program services $107,086 · management and general $356,905 · fundraising $224,516

  • 8 · Pension plan contributions

    total $35,997 · program services $5,599 · management and general $18,660 · fundraising $11,738

  • 9 · Other employee benefits

    total $86,620 · program services $13,472 · management and general $44,902 · fundraising $28,246

  • 10 · Payroll taxes

    total $56,944 · program services $8,857 · management and general $29,518 · fundraising $18,569

  • 11b · Fees: legal

    total $6,834 · management and general $6,834

  • 11c · Fees: accounting

    total $43,338 · management and general $43,338

  • 11e · Fees: professional fundraising services

    total $131,881 · fundraising $131,881

  • 11f · Fees: investment management

    total $234,324 · management and general $234,324

  • 11g · Fees: other

    total $4,935 · management and general $4,935

  • 12 · Advertising and promotion

    total $12,485 · management and general $6,242 · fundraising $6,243

  • 13 · Office expenses

    total $44,397 · program services $3,613 · management and general $33,209 · fundraising $7,575

  • 14 · Information technology

    total $289,729 · program services $45,062 · management and general $150,189 · fundraising $94,478

  • 16 · Occupancy

    total $193,624 · program services $30,115 · management and general $100,370 · fundraising $63,139

  • 19 · Conferences, conventions and meetings

    total $723 · fundraising $723

  • 22 · Depreciation, depletion and amortization

    total $141,761 · program services $22,048 · management and general $73,486 · fundraising $46,227

  • 24a · Other expenses: TAX EXPENSE

    total $60,513 · management and general $60,513

  • 24b · Other expenses: DEVELOPMENT

    total $242,811 · fundraising $242,811

  • 24c · Other expenses: COST-BASED REIMBURSEMEN

    total $232,710 · program services $36,194 · management and general $120,631 · fundraising $75,885

  • 24d · Other expenses: TRUSTEE FEES

    total $72,421 · management and general $72,421

  • 24e · All other expenses

    total $65,919 · program services $65,919

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $947,823 · end of year $805,701

  • 2 · Savings and temporary cash investments

    beginning of year $1,409,669 · end of year $1,356,261

  • 3 · Pledges and grants receivable

    beginning of year $905,263 · end of year $899,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,683 · end of year $18,444

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

    $3,488,774

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

    $2,599,812

  • 10c · Land, buildings and equipment, net

    beginning of year $1,030,723 · end of year $888,962

  • 11 · Investments: publicly traded securities

    beginning of year $22,409,387 · end of year $23,514,219

  • 12 · Investments: other securities

    beginning of year $26,076,440 · end of year $26,544,922

  • 15 · Other assets

    beginning of year $695,339 · end of year $1,326,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $317,150 · end of year $191,946

  • 25 · Other liabilities

    beginning of year $598,954 · end of year $1,257,318

  • 27 · Net assets without donor restrictions

    beginning of year $12,723,360 · end of year $12,675,227

  • 28 · Net assets with donor restrictions

    beginning of year $39,845,863 · end of year $41,229,613

Mission and programs · 2022

Mission

INVESTING IN OUR MEMBERS BY FUNDING PROGRAMS THAT FULFILL THE EVOLVING NEEDS OF WOMEN.

  • EDUCATIONAL AREA GRANT: PROVIDES GRANTS FOR THE EDUCATIONAL AREAS OF CHAPTER HOUSES.

    Expenses $496,203 · Grants $495,188

  • SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATION. KAPPA KAPPA GAMMA FOUNDATION SCHOLARSHIPS ARE AWARDED BASED ON A COMBINATION OF FACTORS INCLUDING ACADEMIC MERIT, FINANCIAL NEED, AND PARTICIPATION AND LEADERSHIP IN THE ORGANIZATION, CAMPUS AND COMMUNITY ACTIVITIES. THE FOUNDATION PROVIDES CONFIDENTIAL AID TO QUALIFYING MEMBERS OF ALL AGES WHO SUDDENLY FIND THEMSELVES IN UNEXPECTED TIMES OF NEED DUE TO FINANCIAL, MEDICAL OR DISASTER SITUATIONS. RECIPIENTS MAY BE UNDERGRADUATES OR ALUMNAE, AND AID MAY BE A ONE-TIME GRANT OR ONGOING SUPPORT.

    Expenses $1,548,327 · Grants $1,489,953

  • EDUCATIONAL AND LEADERSHIP PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND USE OF EDUCATIONAL AND LEADERSHIP PROGRAMS THAT ARE AVAILABLE TO OVER 320,927 MEMBERS, IN-PERSON AND VIRTUALLY. THE PROGRAMS PROVIDE TRAINING THAT ALLOWS MEMBERS TO DEVELOP SKILLSETS THEY CAN IMPLEMENT IN PROFESSIONAL AND PERSONAL SETTINGS THROUGHOUT THEIR LIVES. THROUGH OUR GIRL'S ACADEMY, WE ARE ALSO PROVIDING LEADERSHIP PROGRAMMING AND MENTORSHIP TO HUNDREDS OF UNDERSERVED MIDDLE SCHOOL GIRLS EVERY YEAR. THROUGH THESE PROGRAMS WE ARE MAKING A LIFETIME INVESTMENT IN THE EDUCATION AND TRAINING OF WOMEN SO THEY ARE PREPARED TO LEAD AND SERVE IN THEIR COMMUNITIES AROUND THE WORLD.

    Expenses $1,094,927 · Grants $1,069,740

  • HERITAGE: THE FOUNDATION SUPPORTS THE OPERATION OF THE STEWART HOUSE MUSEUM, HOME OF KAPPA KAPPA GAMMA FOUNDER MINNIE STEWART, IN MONMOUTH, ILLINOIS. THE KAPPA KAPPA GAMMA FOUNDATION IS COMMITTED TO FUNDING THE PRESERVATION OF KAPPA'S HERITAGE AS THE ORGANIZATION PURSUES THE COMPREHENSIVE DIGITIZATION OF ALL MUSEUM AND ARCHIVE COLLECTIONS. SHARING THESE COLLECTIONS WITH THE GENERAL PUBLIC AND THE MEMBERS OF KAPPA KAPPA GAMMA HIGHLIGHTS THE POSITIVE IMPACT OF WOMEN'S FRATERNITIES ON SOCIETY, THE HISTORY OF WOMEN IN HIGHER EDUCATION, AND KAPPA KAPPA GAMMA'S ROLE IN EMPOWERING WOMEN FOR NEARLY 150 YEARS.

    Expenses $278,573

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

Listed in Part VII

  • Susanne Wolff Fick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Cynthia Heaberlin Beaird

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Mary Pat Rooney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Christina Frank Erwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Nancy Foland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Amanda Brown Lang

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Candy Kaelin Deemer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Barb Adams Goettelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Tiana Fowler Ronstadt

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Peggy Black Meyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Keo Frazier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Maria Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Alex Campion Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Margaret Coons

    EXECUTIVE DIRECTOR

    Total calculated
    $144,031
    From this org
    $127,469
    From related orgs
    $0
    Other
    $16,562
    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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
24 February 2024
IRS schema version
2022v5.0
Source object
202440619349300859

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