Kappa Sigma Fraternity FY2020 filing

Not tax-deductible

Charlottesvle, VA501(c)(7)Since 1869EIN 13-1714532

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To provide a forum for exchange of ideas relating to educational programs and leadership training to its undergraduate and alumni chapters.

$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $189K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
Spent
$6.6M
To programs
0%
Net assets
$5.5M
By yearFY2020–FY2025
Revenue
$5.9M
FY2020
Revenue by fiscal year
FY2020$5.9M
FY2021$5.0M
FY2022$5.9M
FY2023$6.0M
FY2024$6.0M
FY2025$7.8M
Expenses
$6.6M
FY2020
Expenses by fiscal year
FY2020$6.6M
FY2021$4.4M
FY2022$5.5M
FY2023$6.6M
FY2024$6.2M
FY2025$6.0M
Net assets
$5.5M
FY2020
Net assets by fiscal year
FY2020$5.5M
FY2021$6.9M
FY2022$6.9M
FY2023$6.0M
FY2024$6.3M
FY2025$6.9M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

7 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$131,109Pt VII · Sec A
Procurator
$0Pt VII · Sec A
$0Pt VII · Sec A
Worthy Grand
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Admin
$0Pt VII · Sec A
Master of Ce
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mitchell B Wilson—$100,191$125,416$127,915$138,524$131,109
Chad Gebhardt$109,268$115,942$118,702$122,619$110,936—
Leo Brown$79,636$84,601————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Kappa Sigma Fraternity executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates idea exchange for educational programs and leadership training among chapters.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2019.
01

Brothers in Action

Includes expenses incurred to maintain and promote the fraternity's 305 individual chapters and colonies. These expenses include the fraternity's programs directed at development and education of its undergraduate membership, including leadership skills training, personal responsibility and accountability, time management techniques…

Pt IX · col B
02

Champion Quest

The champion quest recruitment training and programming process developed by the fraternity educates the membership on the skills of networking, marketing, event planning and programming, and advancement of the general educational mission of the host institution and the fraternity.

Pt IX · col B
03

Liability Coverage Management Program

Represents expenses in conjunction with liability insurance coverage and related claims expense, which is extended to 305 individual chapters of the fraternity, their officers, and fraternity appointed volunteers.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $1.3M · 2022–2024
Kappa Sigma Endowment FundVA · FY2024$500,000
Kappa Sigma Endowment FundVA · FY2022$802,143

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Fees for servicesLn 2g$5.2M
Other incomeLn 4–11$537K
Investment incomeLn 3$90K
Money outPt IX
$6.6M
Ln 25
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$7.5M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$90K
Other incomeLn 4–11$537K
Gains on assetsLn 7−$9K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$321K
Cash and savings togetherLn 1–2$321K
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$45K
Total assetsLn 16$7.5M
LiabilitiesLn 26$2.0M
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 531
VolunteersI 61,500
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.0M$321K
InvestmentsLn 11–13$2.8M$3.0M
Land, buildings, equipmentLn 10c$3.0M$3.0M
Total assetsLn 16$7.8M$7.5M
LiabilitiesLn 26$1.6M$2.0M
Net assetsLn 32$6.2M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$98K
Pay of current officers, directors and key staffLn 5$123K
Other salaries and wagesLn 7$962K
Pension plan contributionsLn 8$55K
Other employee benefitsLn 9$205K
Payroll taxesLn 10$84K
Investment management feesLn 11f$22K
Other fees for servicesLn 11g$64K
Office expensesLn 13$33K
Information technologyLn 14$423K
OccupancyLn 16$207K
TravelLn 17$275K
Conferences, conventions and meetingsLn 19$914K
InterestLn 20$41K
Depreciation, depletion and amortizationLn 22$144K
InsuranceLn 23$952K
Other expenses (24a–d)Ln 24$1.2M
All other expensesLn 24e$819K
Total functional expensesLn 25$6.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.8M$6.0M$1.8M$6.9M 990 PDF
FY2024 $6.0M$6.2M−$257K$6.3M 990 PDF
FY2023 $6.0M$6.6M−$607K$6.0M 990 PDF
FY2022 $5.9M$5.5M$380K$6.9M 990 PDF
FY2021 $5.0M$4.4M$579K$6.9M 990 PDF
FY2020 Viewing $5.9M$6.6M−$749K$5.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $5,855,650 across 6 lines filed
Lines not itemized here account for $210,301 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,193,789$5,193,789
VIII-3 Investment incomeUnrelated business $99,366$99,366
VIII-5 RoyaltiesUnrelated business $245,402$245,402
VIII-7 Net gain or loss on sales of assetsRelated to mission −$8,926−$8,926
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $59,291 · Unrelated business $56,427$115,718
VIII-12 Total revenueRelated to mission $5,454,455 · Unrelated business $401,195$5,855,650
Part IX · Statement of functional expenses $6,605,136 across 18 lines filed
IX-1 Grants to domestic organizations$97,500
IX-5 Pay of current officers, directors and key staff$122,778
IX-7 Other salaries and wages$962,333
IX-8 Pension plan contributions$55,180
IX-9 Other employee benefits$205,341
IX-10 Payroll taxes$84,213
IX-11f Investment management fees$22,175
IX-11g Other fees for services$64,451
IX-13 Office expenses$32,658
IX-14 Information technology$423,474
IX-16 Occupancy$206,513
IX-17 Travel$274,690
IX-19 Conferences, conventions and meetings$914,224
IX-20 Interest$41,198
IX-22 Depreciation, depletion and amortization$143,754
IX-23 Insurance$952,297
IX-24 Other expenses (24a–d)$1,183,360
IX-24e All other expenses$818,997
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$6,605,136
Part X · Balance sheet $7,538,884 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,018,058$320,883
X-4 Accounts receivableStart of year $142,655$559,722
X-8 Inventories for sale or useStart of year $65,370$185,650
X-9 Prepaid expenses and deferred chargesStart of year $693,802$455,145
X-10c Land, buildings and equipment, netStart of year $2,977,565$3,001,556
X-11 Publicly traded securitiesStart of year $2,797,021$2,971,142
X-15 Other assetsStart of year $67,650$44,786
X-16 Total assetsStart of year $7,762,121$7,538,884
X-17 Accounts payable and accrued expensesStart of year $184,055$77,704
X-19 Deferred revenueStart of year $619,872$434,617
X-24 Unsecured notes and loans payableStart of year $159,766$745,593
X-25 Other liabilitiesStart of year $606,768$732,994
X-26 Total liabilitiesStart of year $1,570,461$1,990,908
X-27 Net assets without donor restrictionsStart of year $6,191,660$5,547,976
X-32 Total net assets or fund balancesStart of year $6,191,660$5,547,976
X-33 Total liabilities and net assetsStart of year $7,762,121$7,538,884
Part XI · Reconciliation of net assets $5,547,976 net assets at year end
XI-1 Total revenue$5,855,650
XI-2 Total expenses$6,605,136
XI-3 Revenue less expenses−$749,486
XI-4 Net assets at start of year$6,191,660
XI-5 Net unrealized gains (losses) on investments$105,802
XI-10 Net assets at end of year$5,547,976

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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