Kappa Sigma Fraternity FY2021 filing

Not tax-deductible

Champaign, IL501(c)(7)EIN 37-0903796

Provide Room, Board, and Social Activities for Active Members

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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 5
filings with a surplus
Average surplus $14K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 52 voting members
Concern: none of 52 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$361K
Spent
$306K
To programs
100%
Net assets
$34K
By yearFY2021–FY2025
Revenue
$361K
FY2021
Revenue by fiscal year
FY2021$361K
FY2022$438K
FY2023$491K
FY2024$545K
FY2025$518K
Expenses
$306K
FY2021
Expenses by fiscal year
FY2021$306K
FY2022$439K
FY2023$469K
FY2024$541K
FY2025$527K
Net assets
$34K
FY2021
Net assets by fiscal year
FY2021$34K
FY2022$33K
FY2023$56K
FY2024$60K
FY2025$51K

From the FY2021 Form 990 (year ending May 2021) · see the original

You’re viewing the FY2021 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 0000.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $306K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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

Offers housing, meals, and social events for active members.

Provided by the organization

This section is blank until Kappa Sigma Fraternity claims this page.

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1 program service account for $306K of program spending, described in the organization's own filed words · FY2020.
01

Provide Room, Board, and Social Activities For Active Members

$306Kprogram expense

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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 · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$28K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$361K
Ln 12
Fees for servicesLn 2g$361K
Money outPt IX
$306K
Ln 25
Programscol B$306K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$84K
LiabilitiesLn 26$50K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a52
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$361K
Gains on assetsLn 7$0
Total revenueLn 12$361K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$0
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1
Total assetsLn 16$84K
LiabilitiesLn 26$50K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$27K$83K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$59K$84K
LiabilitiesLn 26$79K$50K
Net assetsLn 32−$21K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$3K$3K
Legal feesLn 11b$0
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$3K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$90K$90K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$20K$20K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$157K$157K
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$306K$306K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $518K$527K−$9K$51K 990 PDF
FY2024 $545K$541K$4K$60K 990 PDF
FY2023 $491K$469K$22K$56K 990 PDF
FY2022 $438K$439K−$1K$33K 990 PDF
FY2021 Viewing $361K$306K$55K$34K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $360,865 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $360,865$360,865
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $360,865$360,865
Part IX · Statement of functional expenses $306,044 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $3,135$3,135
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $9,898$9,898
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,540$2,540
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $90,000$90,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliatesPrograms $19,841$19,841
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,047$1,047
IX-24 Other expenses (24a–d)Programs $157,384$157,384
IX-24e All other expensesPrograms $22,199$22,199
IX-25 Total functional expensesPrograms $306,044 · Management $0 · Fundraising $0$306,044
Part X · Balance sheet $84,312 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $27,338$83,311
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $31,260$1,000
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$1
X-16 Total assetsStart of year $58,598$84,312
X-17 Accounts payable and accrued expensesStart of year $74,998$49,996
X-26 Total liabilitiesStart of year $79,103$49,996
X-27 Net assets without donor restrictionsStart of year −$20,505$34,316
X-32 Total net assets or fund balancesStart of year −$20,505$34,316
X-33 Total liabilities and net assetsStart of year $58,598$84,312
Part XI · Reconciliation of net assets $34,316 net assets at year end
XI-1 Total revenue$360,865
XI-2 Total expenses$306,044
XI-3 Revenue less expenses$54,821
XI-4 Net assets at start of year−$20,505
XI-10 Net assets at end of year$34,316

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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