Kappa Sigma Fraternity FY2023 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.

$244K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$244K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
21% of total assets
Looks good: liabilities are 21% 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
$6.0M
+3% vs prior year
Spent
$6.6M
To programs
0%
Net assets
$6.0M
By yearFY2020–FY2025
Revenue
$6.0M
FY2023▲ +3%
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
FY2023▲ +21%
Expenses by fiscal year
FY2020$6.6M
FY2021$4.4M
FY2022$5.5M
FY2023$6.6M
FY2024$6.2M
FY2025$6.0M
Net assets
$6.0M
FY2023▼ -13%
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 FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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; $244K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$125,416Pt VII · Sec A
$118,702Pt VII · Sec A
Worthy Grand
$0Pt VII · Sec A
$0Pt VII · Sec A
Master of Ce
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · FY2022.
01

Brothers in Action

Includes expenses incurred to maintain and promote the fraternity's 290 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 290 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Fees for servicesLn 2g$5.4M
Other incomeLn 4–11$460K
Investment incomeLn 3$180K
Money outPt IX
$6.6M
Ln 25
Owns and owesPt X
$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$844K
Total assetsLn 16$7.5M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$180K
Other incomeLn 4–11$460K
Gains on assetsLn 7$76K
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$844K
Cash and savings togetherLn 1–2$844K
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$55K
Total assetsLn 16$7.5M
LiabilitiesLn 26$1.5M
Net assetsLn 32$6.0M
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 FY23End FY23
Cash and savingsLn 1–2$683K$844K
InvestmentsLn 11–13$3.7M$3.0M
Land, buildings, equipmentLn 10c$2.8M$2.8M
Total assetsLn 16$7.9M$7.5M
LiabilitiesLn 26$989K$1.5M
Net assetsLn 32$6.9M$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$802K
Pay of current officers, directors and key staffLn 5$223K
Other salaries and wagesLn 7$704K
Pension plan contributionsLn 8$50K
Other employee benefitsLn 9$68K
Payroll taxesLn 10$74K
Investment management feesLn 11f$26K
Other fees for servicesLn 11g$240K
Office expensesLn 13$21K
Information technologyLn 14$358K
OccupancyLn 16$256K
TravelLn 17$378K
Conferences, conventions and meetingsLn 19$743K
InterestLn 20$35K
Depreciation, depletion and amortizationLn 22$115K
InsuranceLn 23$661K
Other expenses (24a–d)Ln 24$1.2M
All other expensesLn 24e$654K
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 Viewing $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 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $6,038,827 across 6 lines filed
Lines not itemized here account for $60,442 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,340,452$5,340,452
VIII-3 Investment incomeUnrelated business $103,370$103,370
VIII-5 RoyaltiesUnrelated business $397,448$397,448
VIII-7 Net gain or loss on sales of assetsExcluded from tax $76,260$76,260
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $32,040 · Unrelated business $28,815$60,855
VIII-12 Total revenueRelated to mission $5,432,934 · Unrelated business $529,633 · Excluded from tax $76,260$6,038,827
Part IX · Statement of functional expenses $6,646,261 across 18 lines filed
IX-1 Grants to domestic organizations$802,143
IX-5 Pay of current officers, directors and key staff$223,268
IX-7 Other salaries and wages$704,239
IX-8 Pension plan contributions$50,105
IX-9 Other employee benefits$67,506
IX-10 Payroll taxes$73,700
IX-11f Investment management fees$26,382
IX-11g Other fees for services$240,220
IX-13 Office expenses$20,846
IX-14 Information technology$358,331
IX-16 Occupancy$255,998
IX-17 Travel$378,060
IX-19 Conferences, conventions and meetings$742,764
IX-20 Interest$35,086
IX-22 Depreciation, depletion and amortization$115,144
IX-23 Insurance$660,971
IX-24 Other expenses (24a–d)$1,237,298
IX-24e All other expenses$654,200
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$6,646,261
Part X · Balance sheet $7,524,824 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $683,495$843,967
X-4 Accounts receivableStart of year $256,116$132,195
X-8 Inventories for sale or useStart of year $106,236$226,592
X-9 Prepaid expenses and deferred chargesStart of year $284,057$536,698
X-10c Land, buildings and equipment, netStart of year $2,831,121$2,750,766
X-11 Publicly traded securitiesStart of year $3,658,931$2,979,873
X-15 Other assetsStart of year $37,294$54,733
X-16 Total assetsStart of year $7,857,250$7,524,824
X-17 Accounts payable and accrued expensesStart of year $95,262$292,509
X-19 Deferred revenueStart of year $381,930$503,640
X-25 Other liabilitiesStart of year $511,903$750,930
X-26 Total liabilitiesStart of year $989,095$1,547,079
X-27 Net assets without donor restrictionsStart of year $6,868,155$5,977,745
X-32 Total net assets or fund balancesStart of year $6,868,155$5,977,745
X-33 Total liabilities and net assetsStart of year $7,857,250$7,524,824
Part XI · Reconciliation of net assets $5,977,745 net assets at year end
XI-1 Total revenue$6,038,827
XI-2 Total expenses$6,646,261
XI-3 Revenue less expenses−$607,434
XI-4 Net assets at start of year$6,868,155
XI-5 Net unrealized gains (losses) on investments−$131,688
XI-8 Prior period adjustments−$104,509
XI-9 Other changes in net assets−$46,779
XI-10 Net assets at end of year$5,977,745

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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