Kappa Sigma Fraternity FY2023 filing

Not tax-deductible

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

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Provide Room, Board, and Social Activities for Active Members

59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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 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
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
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
$15K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 74 voting members
Concern: none of 74 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$491K
+12% vs prior year
Spent
$469K
To programs
59%
Net assets
$56K
By yearFY2021–FY2025
Revenue
$491K
FY2023▲ +12%
Revenue by fiscal year
FY2021$361K
FY2022$438K
FY2023$491K
FY2024$545K
FY2025$518K
Expenses
$469K
FY2023▲ +7%
Expenses by fiscal year
FY2021$306K
FY2022$439K
FY2023$469K
FY2024$541K
FY2025$527K
Net assets
$56K
FY2023▲ +68%
Net assets by fiscal year
FY2021$34K
FY2022$33K
FY2023$56K
FY2024$60K
FY2025$51K

From the FY2023 Form 990 (year ending May 2023) · see the original

Form 990 (PDF) Claim
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 0000.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $279K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$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

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1 program · $469K · in their own filed words · FY2022
01

Provide Room, Board, and Social Activities For Active Members

$469Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$491K
Ln 12
Fees for servicesLn 2g$491K
Money outPt IX
$469K
Ln 25
Programscol B$279K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$70K
LiabilitiesLn 26$15K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a74
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$491K
Gains on assetsLn 7$0
Total revenueLn 12$491K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$0
Cash and savings togetherLn 1–2$69K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$70K
LiabilitiesLn 26$15K
Net assetsLn 32$56K
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 FY23End FY23
Cash and savingsLn 1–2$59K$69K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$60K$70K
LiabilitiesLn 26$27K$15K
Net assetsLn 32$33K$56K
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$219$219
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
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$8K$8K
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$190K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$0
Payments to affiliatesLn 21$18K$18K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$198K$198K
All other expensesLn 24e$36K$36K
Total functional expensesLn 25$469K$279K$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 Viewing $491K$469K$22K$56K 990 PDF
FY2022 $438K$439K−$1K$33K 990 PDF
FY2021 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $491,032 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 $491,032$491,032
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 $491,032$491,032
Part IX · Statement of functional expenses $468,617 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 $219$219
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $8,930$8,930
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 $7,510$7,510
IX-14 Information technologyPrograms $4,700$4,700
IX-15 Royalties$0
IX-16 Occupancy$190,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $5,476$5,476
IX-20 Interest$0
IX-21 Payments to affiliatesPrograms $17,833$17,833
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $198,036$198,036
IX-24e All other expensesPrograms $35,913$35,913
IX-25 Total functional expensesPrograms $278,617 · Management $0 · Fundraising $0$468,617
Part X · Balance sheet $70,244 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $59,164$69,244
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,000$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$0
X-16 Total assetsStart of year $60,164$70,244
X-17 Accounts payable and accrued expensesStart of year $26,984$14,650
X-26 Total liabilitiesStart of year $26,985$14,650
X-27 Net assets without donor restrictionsStart of year $33,179$55,594
X-32 Total net assets or fund balancesStart of year $33,179$55,594
X-33 Total liabilities and net assetsStart of year $60,164$70,244
Part XI · Reconciliation of net assets $55,594 net assets at year end
XI-1 Total revenue$491,032
XI-2 Total expenses$468,617
XI-3 Revenue less expenses$22,415
XI-4 Net assets at start of year$33,179
XI-10 Net assets at end of year$55,594

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

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