philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Kappa Sigma - Mu Gamma Chapter INC

Not tax-deductible

Lufkin, TX501(c)(7)Education EIN 27-3662583Revenue $198K in FY2024

On file with the IRS1416 Sleepy Hollow Dr, 75904-4805 · Lufkin, TXTax-exempt since Sep 2018

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Procuring, owning, financing, leasing, maintaining and managing real estate and personal property and furnishings for the use of the Mu Gamma Chapter of Kappa Sigma Fraternity in furtherance of the promotion and fostering of the principals and ideals of the Fraternity

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $33K a year · 38% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$79K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$198K
+170% vs prior year
Spent
$69K
To programs
99%
Net assets
$655K
By yearFY2020–FY2024
Revenue
$198K
FY2024▲ +170%
Tap a bar for its year
Revenue by fiscal year
FY2020$45K
FY2021$61K
FY2022$55K
FY2023$73K
FY2024$198K
Expenses
$69K
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$49K
FY2021$35K
FY2022$45K
FY2023$70K
FY2024$69K
Net assets
$655K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$498K
FY2021$673K
FY2022$682K
FY2023$526K
FY2024$655K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $68K Management & general 1% · $660

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Kent Good
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Fred Wilson
President
$0Pt VII · Sec A
See Kappa Sigma - Mu Gamma Chapter INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides property and furnishings for the Kappa Sigma Fraternity chapter.

Questions for Kappa Sigma - Mu Gamma Chapter INC

Tap to ask. Kappa Sigma - Mu Gamma Chapter INC sees how many people are interested.

Your first name shows with your question. Kappa Sigma - Mu Gamma Chapter INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $68K · in their own filed words · FY2024
01

Kappa Sigma Fraternity housing

$68Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$198K
Ln 12
Investment incomeLn 3$145K
Other incomeLn 4–11$51K
Gifts and grantsLn 1h$2K
Money outPt IX
$69K
Ln 25
Programscol B$68K
Managementcol C$660
Owns and owesPt X
$655K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$734K
LiabilitiesLn 26$79K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fundraising eventsLn 1c$2K
Investment incomeLn 3$145K
Other incomeLn 4–11$51K
Gains on assetsLn 7$145K
Total revenueLn 12$198K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$676K
Total assetsLn 16$734K
LiabilitiesLn 26$79K
Net assetsLn 32$655K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$31K$57K
Land, buildings, equipmentLn 10c$686K$676K
Total assetsLn 16$717K$734K
LiabilitiesLn 26$191K$79K
Net assetsLn 32$526K$655K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$26K$26K$10
All other expensesLn 24e$650$650
Total functional expensesLn 25$69K$68K$660$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $198K$69K$129K$655K 990 PDF
FY2023 $73K$70K$4K$526K 990 PDF
FY2022 $55K$45K$10K$682K 990 PDF
FY2021 $61K$35K$27K$673K 990 PDF
FY2020 $45K$49K−$4K$498K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $197,855 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,900$2,003
I-9 Program service revenue$0
I-10 Investment incomePrior year $94$145,202
I-11 Other revenuePrior year $68,400$50,650
I-12 Total revenuePrior year $73,394$197,855
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $69,549$68,717
I-18 Total expensesPrior year $69,549$68,717
I-19 Revenue less expensesPrior year $3,845$129,138
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $197,855 across 7 lines filed
VIII-1c Fundraising events$2,003
VIII-1h Total contributions, gifts and grants$2,003
VIII-3 Investment incomeRelated to mission $202$202
VIII-6 Net rental income or lossRelated to mission $50,650$50,650
VIII-7 Net gain or loss on sales of assetsRelated to mission $145,000$145,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $195,852 · Unrelated business $0 · Excluded from tax $0$197,855
Part IX · Statement of functional expenses $68,717 across 5 lines filed
IX-20 InterestPrograms $13,036$13,036
IX-22 Depreciation, depletion and amortizationPrograms $10,008$10,008
IX-23 InsurancePrograms $19,313$19,313
IX-24 Other expenses (24a–d)Programs $25,700 · Management $10$25,710
IX-24e All other expensesManagement $650$650
IX-25 Total functional expensesPrograms $68,057 · Management $660 · Fundraising $0$68,717
Part X · Balance sheet $733,858 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $30,664$57,452
X-10c Land, buildings and equipment, netStart of year $686,414$676,406
X-16 Total assetsStart of year $717,078$733,858
X-26 Total liabilitiesStart of year $191,375$79,017
X-32 Total net assets or fund balancesStart of year $525,703$654,841
X-33 Total liabilities and net assetsStart of year $717,078$733,858
Part XI · Reconciliation of net assets $654,841 net assets at year end
XI-1 Total revenue$197,855
XI-2 Total expenses$68,717
XI-3 Revenue less expenses$129,138
XI-4 Net assets at start of year$525,703
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$654,841

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.