Kappa Alpha Theta Fraternity

Not tax-deductible

Indianapolis, IN501(c)(7)Since 1870EIN 36-1305568Revenue $10.6M in FY2025

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Kappa Alpha Theta nurtures each member throughout her lifetime, offering opportunities for intellectual and personal growth.

Run by 194 volunteers and 84 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $908K a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$822K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $488K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$21.7M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.6M
+47% vs prior year
Spent
$8.0M
Net assets
$20.4M
By yearFY2020–FY2025
Revenue
$10.6M
FY2025▲ +47%
Revenue by fiscal year
FY2020$7.7M
FY2021$6.2M
FY2022$8.0M
FY2023$8.1M
FY2024$7.2M
FY2025$10.6M
Expenses
$8.0M
FY2025▲ +14%
Expenses by fiscal year
FY2020$7.1M
FY2021$6.6M
FY2022$6.0M
FY2023$7.6M
FY2024$7.0M
FY2025$8.0M
Net assets
$20.4M
FY2025▲ +17%
Net assets by fiscal year
FY2020$15.1M
FY2021$13.7M
FY2022$14.4M
FY2023$15.6M
FY2024$17.5M
FY2025$20.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.

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

Who runs it and what they're paid

13 people listed on the 990; $822K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$224,907Pt VII · Sec A
Chief Financial Officer
$161,320Pt VII · Sec A
Chief Administration Offic
$122,767Pt VII · Sec A
Chief Marketing Officer
$118,797Pt VII · Sec A
Director of Ed & Lead
$104,608Pt VII · Sec A
Chief Information Officer
$89,734Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Schmaltz$224,907$232,628$162,583$114,511$101,884$100,561
Elizabeth Corridan———$227,126$218,664$210,667
Jeffrey Risser$161,320$161,148$161,168$153,985$147,200$151,424
Julianne Butler$118,797$114,406$126,528———
Melinda Young Marshall$122,767—————
Melinda Young—$118,294$118,309———
Melissa Shaub$104,608—————
Heather Darring$89,734—————

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 Alpha Theta 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 15aYes

Programs and updates

Fosters lifelong intellectual and personal growth for its members.

Provided by the organization

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3 programs · in their own filed words · FY2024
01

Grand Convention Is Held to

1. Elect the members of grand COUNCIL.2. Establish the basic objectives and policies of kappa alpha theta, including the charitable, educational, and service objectives THEREOF.3. Determine the qualifications for fraternity MEMBERSHIP.4. Set the standards governing the conduct and discipline of members and CHAPTERS.5.

Pt IX · col B
02

Member services provide educational and social activities for all members. These services include the educational leadership consultant program, member orientation, sisters supporting sisters, emerging leaders institute, leadership academy, service trips and alcohol skills training programs.

Pt IX · col B
03

Risk management provides insurance protection against liability and casualty.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$488K
Grants paid · 11 grants · $697K · 2019–2024
Unitemized GrantFY2024$122,883
Unitemized GrantFY2023$38,901
Unitemized GrantFY2022$76,250
Unitemized GrantFY2021$82,139
Unitemized GrantFY2020$111,410
Unitemized GrantFY2019$105,334

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$10.6M
Ln 12
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$709K
Money outPt IX
$8.0M
Ln 25
Owns and owesPt X
$20.4M
net assets · Ln 32
Cash and savingsLn 1–2$12.4M
Total assetsLn 16$42.2M
LiabilitiesLn 26$21.7M
PeoplePt VI, VII
13
listed · VII A
PaidVII A6
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$551K
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$709K
Gains on assetsLn 7$1.1M
Total revenueLn 12$10.6M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$10.3M
Cash and savings togetherLn 1–2$12.4M
InvestmentsLn 11–13$24.0M
Land, buildings, equipmentLn 10c$636K
Other assetsLn 15$5K
Total assetsLn 16$42.2M
LiabilitiesLn 26$21.7M
Net assetsLn 32$20.4M
OperationsPt I, VI
EmployeesI 584
VolunteersI 6194
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$10.0M$12.4M
InvestmentsLn 11–13$22.0M$24.0M
Land, buildings, equipmentLn 10c$1.4M$636K
Total assetsLn 16$39.9M$42.2M
LiabilitiesLn 26$22.4M$21.7M
Net assetsLn 32$17.5M$20.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K
Grants to domestic individualsLn 2$123K
Pay of current officers, directors and key staffLn 5$1.0M
Other salaries and wagesLn 7$989K
Pension plan contributionsLn 8$457K
Other employee benefitsLn 9$516K
Payroll taxesLn 10$256K
Legal feesLn 11b$18K
Accounting feesLn 11c$35K
Investment management feesLn 11f$64K
Other fees for servicesLn 11g$95K
Advertising and promotionLn 12$96K
Office expensesLn 13$100K
Information technologyLn 14$920K
OccupancyLn 16$98K
TravelLn 17$1.3M
Conferences, conventions and meetingsLn 19$603K
InterestLn 20$51K
Depreciation, depletion and amortizationLn 22$81K
Other expenses (24a–d)Ln 24$911K
All other expensesLn 24e$238K
Total functional expensesLn 25$8.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $10.6M$8.0M$2.6M$20.4M 990 PDF
FY2024 $7.2M$7.0M$176K$17.5M 990 PDF
FY2023 $8.1M$7.6M$523K$15.6M 990 PDF
FY2022 $8.0M$6.0M$2.0M$14.4M 990 PDF
FY2021 $6.2M$6.6M−$389K$13.7M 990 PDF
FY2020 $7.7M$7.1M$572K$15.1M 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 FY2025 990 (6 parts)
Part I · Summary $10,585,112 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $577,346$550,889
I-9 Program service revenuePrior year $5,547,543$7,092,377
I-10 Investment incomePrior year $385,549$2,232,845
I-11 Other revenuePrior year $709,021$709,001
I-12 Total revenuePrior year $7,219,459$10,585,112
I-13 Grants and similar amounts paidPrior year $68,901$162,883
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,714,795$3,252,734
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,260,021$4,599,680
I-18 Total expensesPrior year $7,043,717$8,015,297
I-19 Revenue less expensesPrior year $175,742$2,569,815
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,585,112 across 9 lines filed
Lines not itemized here account for $294,472 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$550,889
VIII-1h Total contributions, gifts and grants$550,889
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,060,462$7,060,462
VIII-3 Investment incomeUnrelated business $1,035,893 · Excluded from tax $64,892$1,100,785
VIII-5 RoyaltiesUnrelated business $392,277$392,277
VIII-6 Net rental income or lossExcluded from tax −$618−$618
VIII-7 Net gain or loss on sales of assetsUnrelated business $20,145 · Excluded from tax $1,111,915$1,132,060
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $54,785$54,785
VIII-12 Total revenueRelated to mission $7,409,719 · Unrelated business $1,448,315 · Excluded from tax $1,176,189$10,585,112
Part IX · Statement of functional expenses $8,015,297 across 21 lines filed
IX-1 Grants to domestic organizations$40,000
IX-2 Grants to domestic individuals$122,883
IX-5 Pay of current officers, directors and key staff$1,034,370
IX-7 Other salaries and wages$989,395
IX-8 Pension plan contributions$456,869
IX-9 Other employee benefits$515,758
IX-10 Payroll taxes$256,342
IX-11b Legal fees$17,698
IX-11c Accounting fees$35,303
IX-11f Investment management fees$63,892
IX-11g Other fees for services$94,718
IX-12 Advertising and promotion$95,780
IX-13 Office expenses$100,372
IX-14 Information technology$920,471
IX-16 Occupancy$97,834
IX-17 Travel$1,290,121
IX-19 Conferences, conventions and meetings$602,973
IX-20 Interest$51,187
IX-22 Depreciation, depletion and amortization$80,613
IX-24 Other expenses (24a–d)$911,088
IX-24e All other expenses$237,630
IX-25 Total functional expenses$8,015,297
Part X · Balance sheet $42,174,245 assets, 18 lines filed
Asset lines not itemized here account for $4,537,856; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,462,629$2,098,526
X-2 Savings and temporary cash investmentsStart of year $7,501,956$10,300,461
X-4 Accounts receivableStart of year $498,795$332,653
X-8 Inventories for sale or useStart of year $102,618$116,733
X-9 Prepaid expenses and deferred chargesStart of year $959,657$98,259
X-10c Land, buildings and equipment, netStart of year $1,363,333$635,919
X-11 Publicly traded securitiesStart of year $22,021,790$24,017,337
X-12 Other securitiesStart of year $25,822$31,977
X-15 Other assetsStart of year $18,554$4,524
X-16 Total assetsStart of year $39,919,571$42,174,245
X-17 Accounts payable and accrued expensesStart of year $2,953,449$3,116,685
X-19 Deferred revenueStart of year $1,879,357$948,598
X-25 Other liabilitiesStart of year $2,797,668$1,290,213
X-26 Total liabilitiesStart of year $22,442,932$21,734,835
X-27 Net assets without donor restrictionsStart of year $17,372,473$20,376,973
X-28 Net assets with donor restrictionsStart of year $104,166$62,437
X-32 Total net assets or fund balancesStart of year $17,476,639$20,439,410
X-33 Total liabilities and net assetsStart of year $39,919,571$42,174,245
Part XI · Reconciliation of net assets $20,439,410 net assets at year end
XI-1 Total revenue$10,585,112
XI-2 Total expenses$8,015,297
XI-3 Revenue less expenses$2,569,815
XI-4 Net assets at start of year$17,476,639
XI-5 Net unrealized gains (losses) on investments$400,993
XI-9 Other changes in net assets−$8,037
XI-10 Net assets at end of year$20,439,410

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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