Kappa Sigma Fraternity: Nonprofit Profile, Financials & Form 990 (EIN 64-0413076)

Revenue by fiscal year
FY2021	$266K
FY2022	$382K

Expenses by fiscal year
FY2021	$247K
FY2022	$409K

Net assets by fiscal year
FY2021	$117K
FY2022	$90K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Patton Beard

Grand Treasu

$0Pt VII · Sec A

Hayden Hammet

Grand Scribe

$0Pt VII · Sec A

William Harger

Grand Master

$0Pt VII · Sec A

Logan McMonigle

Grand Procur

$0Pt VII · Sec A

Winfield Sweatman

Grand Master

$0Pt VII · Sec A

Ian Ussery

Rush Chairma

$0Pt VII · Sec A

See Kappa Sigma Fraternity executive salaries →

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

Develops leadership and brotherhood among college men through social and service activities.

Questions for Kappa Sigma Fraternity

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1 program · in their own filed words · FY2021

01

Chapter programming for members of an undergraduate chapter of a national collegiate social fraternity.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 64-0413076) · Dispute this line

Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 3 grants · $55K · 2020–2021

Kappa Sigma Endowment FundVA · FY2021$30,000

Kappa Sigma Endowment FundVA · FY2020$15,000

Pantry of Oxford and Lafayette CountyMS · FY2020$10,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$382K

Ln 12

Fees for servicesLn 2g$382K

Investment incomeLn 3$10

Money outPt IX

$409K

Ln 25

Owns and owesPt X

$90K

net assets · Ln 32

Cash and savingsLn 1–2$90K

Total assetsLn 16$90K

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$382K

Investment incomeLn 3$10

Total revenueLn 12$382K

Assets in detailPt X, end of year

SavingsLn 2$90K

Cash and savings togetherLn 1–2$90K

Total assetsLn 16$90K

LiabilitiesLn 26$0

Net assetsLn 32$90K

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$117K	$90K
Total assetsLn 16	$118K	$90K
LiabilitiesLn 26	$350	$0
Net assetsLn 32	$117K	$90K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$30K
Accounting feesLn 11c	$5K
Office expensesLn 13	$1K
Other expenses (24a–d)Ln 24	$313K
All other expensesLn 24e	$60K
Total functional expensesLn 25	$409K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest ViewingFiled with the IRS Jul 14, 2022	$382K	$409K	−$27K	$90K	990 PDF
FY2021Filed with the IRS Aug 30, 2021	$266K	$247K	$19K	$117K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $382,212 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $266,332$382,202

I-10 Investment incomePrior year $15$10

I-11 Other revenue$0

I-12 Total revenuePrior year $266,347$382,212

I-13 Grants and similar amounts paidPrior year $26,360$30,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $220,670$379,382

I-18 Total expensesPrior year $247,030$409,382

I-19 Revenue less expensesPrior year $19,317−$27,170

Part VI · Governance 0 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members0

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 $382,212 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $382,202$382,202

VIII-3 Investment incomeRelated to mission $10$10

VIII-12 Total revenueRelated to mission $382,212$382,212

Part IX · Statement of functional expenses $409,382 across 5 lines filed

IX-1 Grants to domestic organizations$30,000

IX-11c Accounting fees$4,895

IX-13 Office expenses$1,214

IX-24 Other expenses (24a–d)$313,192

IX-24e All other expenses$60,081

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$409,382

Part X · Balance sheet $90,177 assets, 6 lines filed

X-2 Savings and temporary cash investmentsStart of year $117,303$90,177

X-16 Total assetsStart of year $117,697$90,177

X-26 Total liabilitiesStart of year $350$0

X-31 Retained earnings or endowmentStart of year $117,347$90,177

X-32 Total net assets or fund balancesStart of year $117,347$90,177

X-33 Total liabilities and net assetsStart of year $117,697$90,177

Part XI · Reconciliation of net assets $90,177 net assets at year end

XI-1 Total revenue$382,212

XI-2 Total expenses$409,382

XI-3 Revenue less expenses−$27,170

XI-4 Net assets at start of year$117,347

XI-10 Net assets at end of year$90,177

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Kappa Sigma Fraternity

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Kappa Sigma Fraternity

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV