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Nonprofiteer
← KAPPA SIGMA ENDOWMENT FUND

Form 990 for tax year 2023

Filed by KAPPA SIGMA ENDOWMENT FUND.

Totals

Total revenue
$3,820,254
Total expenses
$1,586,298
Contributions and grants received
$3,475,865
Grants paid
$463,764
Program service revenue
$0
Investment income
$331,527
Other revenue
$12,862
Total assets, end of year
$19,564,643
Total liabilities, end of year
$536
Net assets or fund balances, end of year
$19,564,107
Program services expenses (Part IX)
$917,905
Management and general expenses
$267,307
Fundraising expenses
$401,086
Program service expenses (Part III)
$917,905

Program services were 57.9% 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

    $3,475,865

  • 3 · Investment income

    total $339,207 · excluded $339,207

  • 7a · Gross sales of assets other than inventory

    securities $1,660,871

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

    securities $1,668,551

  • 7c · Gain or loss

    securities -$7,680

  • 7d · Net gain or loss

    total -$7,680 · excluded -$7,680

  • 11a · Other revenue: MISCELLANEOUS

    total $12,862 · related or exempt $12,862

  • 11e · Other revenue, total

    $12,862

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $463,764 · program services $463,764

  • 11a · Fees: management

    total $147,500 · program services $50,150 · management and general $48,675 · fundraising $48,675

  • 11b · Fees: legal

    total $6,349 · management and general $6,349

  • 11c · Fees: accounting

    total $16,500 · program services $9,076 · management and general $1,979 · fundraising $5,445

  • 11f · Fees: investment management

    total $62,835 · management and general $62,835

  • 11g · Fees: other

    total $46,735 · fundraising $46,735

  • 13 · Office expenses

    total $19,172 · management and general $19,172

  • 16 · Occupancy

    total $173,369 · program services $142,162 · management and general $12,136 · fundraising $19,071

  • 17 · Travel

    total $24,669 · program services $9,868 · management and general $9,867 · fundraising $4,934

  • 22 · Depreciation, depletion and amortization

    total $200,488 · program services $164,400 · management and general $14,034 · fundraising $22,054

  • 23 · Insurance

    total $40,307 · program services $12,092 · management and general $28,215

  • 24a · Other expenses: POSTAGE AND SHIPPING

    total $111,083 · program services $12 · management and general $14,202 · fundraising $96,869

  • 24b · Other expenses: SERVICE CHARGES

    total $85,059 · fundraising $85,059

  • 24c · Other expenses: OTHER EXPENSES

    total $84,138 · program services $25,242 · management and general $48,083 · fundraising $10,813

  • 24d · Other expenses: PRINTING AND MAILERS

    total $73,936 · program services $34,887 · management and general $1,760 · fundraising $37,289

  • 24e · All other expenses

    total $30,394 · program services $6,252 · fundraising $24,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $532,944 · end of year $116,267

  • 2 · Savings and temporary cash investments

    beginning of year $118,092 · end of year $1,657,474

  • 3 · Pledges and grants receivable

    beginning of year $158,421 · end of year $147,368

  • 4 · Accounts receivable

    beginning of year $5,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,938 · end of year $29,566

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

    $8,800,467

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

    $3,134,212

  • 10c · Land, buildings and equipment, net

    beginning of year $5,401,777 · end of year $5,666,255

  • 11 · Investments: publicly traded securities

    beginning of year $9,465,910 · end of year $11,859,123

  • 15 · Other assets

    beginning of year $631,193 · end of year $88,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $153,341 · end of year $536

  • 27 · Net assets without donor restrictions

    beginning of year $5,386,769 · end of year $7,328,351

  • 28 · Net assets with donor restrictions

    beginning of year $10,799,063 · end of year $12,235,756

Mission and programs · 2023

Mission

KAPPA SIGMA ENDOWMENT FUND (THE ENDOWMENT FUND) IS A NONPROFIT ORGANIZATION FORMED TO PRODUCE MEANS AVAILABLE FOR BENEFICENT AND CHARITABLE PURPOSES OF KAPPA SIGMA FRATERNITY (THE FRATERNITY). THE ENDOWMENT FUND PROVIDES SCHOLARSHIPS AND OTHER QUALIFIED EDUCATIONAL PROGRAMS FOR THE FRATERNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $917,905 · Grants $463,764

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Thomas P Bishop

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • S Christian Nascimento

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Donal L McClamroch Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Hugh M Robert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin S Kaplan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey S McKenzie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Burt R Trembly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chad Gebhardt

    EXEC VP & CA

    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.

Grants on this return

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2025
IRS schema version
2023v6.0
Source object
202530999349301578

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