Kappa Foundation EIN 47-0809384 Form 990 (PDF) Claim this org

Kappa Foundation FY2022 filing

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Provides housing and scholarships to University of Nebraska-Lincoln agricultural students. For fiscal year 2022 it reported $432K in revenue, $280K in expenses, and $4.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Lincoln, NE
Filings
5 on file (2021–2022)
Revenue
$432KFY2022
Expenses
$280K
Net assets
$4.0M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-0809384 Public charity (501(c)(3)) Lincoln, NE
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides housing and scholarships to University of Nebraska-Lincoln agricultural students.
Leadership
Eric Ford · Trustee
Money in and out
$432K revenue, $280K expenses
Bottom line
97% program efficiency
Where the money goes · FY2022
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$280K
Pt IX · Ln 25
Net assets
$4.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $152K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program efficiency
97%
of spending reaches programs
Operating runway
27.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$432K
FY2022▲ +18%
Expenses
$280K
FY2022▼ -18%
Total assets
$5.3M
FY2022▼ -0.9%
Total liabilities
$1.3M
FY2022▼ -9%
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$280K
Pt IX · Ln 25
Net assets
$4.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$152K
Total assetsPt X · Ln 16$5.3M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKappa Foundation
EINHdr · item D47-0809384
Principal addressHdr · item CLincoln, NE
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFSep 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $272K of program spending, described in the organization's own filed words · FY2021.
01

Kappa foundation provides housing to support students attending the university of nebraska-lincoln, primarily those enrolled in the college of agricultural sciences and natural resources. The foundation's house, located across from unl's east campus, is home to the alpha gamma rho fraternity.

$253Kprogram expense
02

Kappa foundation provides scholarship support to students attending the university of nebraska-lincoln, primarily members of the alpha gamma rho fraternity. Scholarships are given based on a variety of criteria, including scholastic and leadership achievement.

$19Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$344K · 80%
Contributions & grants$58K · 13%
Investment income$23K · 5%
Other revenue$6K · 1%
Program service revenue80%$344K
Contributions & grants13%$58K
Investment income5%$23K
Other revenue1%$6K
Total revenueLn 12$432K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program services97%$272K
Management & general2%$5K
Fundraising1%$2K
Total functional expensesLn 25$280K

Balance Sheet

Part X · end of year
CashLn 1$162K
Total assetsLn 16$5.3M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$4.0M
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $631K · Operating expenses/yr $280K
27.1 months
Where the money goes
Program services
Program services $272K · Total expenses $280K
97%
Management & General
Management & general $5K · Total expenses $280K
2%
Fundraising
Fundraising $2K · Total expenses $280K
0.7%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $37K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $58K · Total revenue $432K
13%
Government reliance
Government grants — · Total revenue $432K
Earned-income share
Program service revenue $344K · Total revenue $432K
80%
Investment reliance
Investment income $23K · Total revenue $432K
+5%
Program self-sufficiency
Program service revenue $344K · Total expenses $280K
123%
Growth & trend
Revenue growth (YoY)
This year $432K · Prior year $367K
+18%
Net-asset trend (YoY)
End of year $4.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432K · Expenses $280K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $5.3M
Net-asset ratio
Net assets $4.0M · Total assets $5.3M
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $470K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.3M
9%
People & payroll
Highest Reported Total Compensation
Individual Eric Ford · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $280K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $280K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 2%
Fundraising cost ratio 3%
Revenue growth 18%
Investment management fee ratio <0.01%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 5 grants · $159K · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$570K revenue · ⤓ 990 PDF
FY2024$522K revenue · ⤓ 990 PDF
FY2023$418K revenue · ⤓ 990 PDF
FY2022$432K revenue · viewing · ⤓ 990 PDF
FY2021$367K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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