Kappa Sigma Fraternity FY2021 filing

Not tax-deductible

Golden, CO501(c)(7)EIN 84-0406728

The fraternity is organized to provide meals, housing, and social programs for the local fraternity members as well as opportunities for community service and philanthropy. The fraternity had atotal of 82 members for the year.

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $18K a year · 5% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 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
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
Spent
$349K
To programs
100%
Net assets
$66K
By yearFY2021–FY2023
Revenue
$304K
FY2021
Revenue by fiscal year
FY2021$304K
FY2022$424K
FY2023$369K
Expenses
$349K
FY2021
Expenses by fiscal year
FY2021$349K
FY2022$312K
FY2023$383K
Net assets
$66K
FY2021
Net assets by fiscal year
FY2021$66K
FY2022$178K
FY2023$164K

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Nov 1942.

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% · $349K

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

Who runs it and what they're paid

33 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
Grand Procurator
$0Pt VII · Sec A
Grand Treasurer
$0Pt VII · Sec A
Grand Master of Ceremonies
$0Pt VII · Sec A
Grand Scribe
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Grand Procurator
$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

Provides meals, housing, and social programs, plus community service and philanthropy opportunities.

Provided by the organization

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

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1 program service account for $349K of program spending, described in the organization's own filed words · FY2020.
01

The fraternity provided meals, housing, and social programs for the local fraternity members as well as opportunities for community service and philanthropy. The fraternity had atotal of 82 members for the year.

$349Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$304K
Ln 12
Fees for servicesLn 2g$304K
Gifts and grantsLn 1h$100
Money outPt IX
$349K
Ln 25
Programscol B$349K
Owns and owesPt X
$66K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$0
PeoplePt VI, VII
33
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Fees for servicesLn 2g$304K
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$66K
Cash and savings togetherLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$0
Net assetsLn 32$66K
OperationsPt I, VI
EmployeesI 50
VolunteersI 638
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$111K$66K
Total assetsLn 16$111K$66K
LiabilitiesLn 26$0$0
Net assetsLn 32$111K$66K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$133K$133K
Other expenses (24a–d)Ln 24$204K$204K$0$0
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$349K$349K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $369K$383K−$14K$164K 990 PDF
FY2022 $424K$312K$112K$178K 990 PDF
FY2021 Viewing $304K$349K−$45K$66K 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 $303,940 across 4 lines filed
VIII-1f All other contributions, gifts and grants$100
VIII-1h Total contributions, gifts and grants$100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,840$303,840
VIII-12 Total revenueRelated to mission $303,840 · Unrelated business $0 · Excluded from tax $0$303,940
Part IX · Statement of functional expenses $349,281 across 3 lines filed
IX-16 OccupancyPrograms $133,433$133,433
IX-24 Other expenses (24a–d)Programs $204,383 · Management $0 · Fundraising $0$204,383
IX-24e All other expensesPrograms $11,465$11,465
IX-25 Total functional expensesPrograms $349,281 · Management $0 · Fundraising $0$349,281
Part X · Balance sheet $65,734 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $111,075$65,734
X-16 Total assetsStart of year $111,075$65,734
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $111,075$65,734
X-33 Total liabilities and net assetsStart of year $111,075$65,734
Part XI · Reconciliation of net assets $65,734 net assets at year end
XI-1 Total revenue$303,940
XI-2 Total expenses$349,281
XI-3 Revenue less expenses−$45,341
XI-4 Net assets at start of year$111,075
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$65,734

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

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