Civic Intelligence

Kappa Sigma Fraternity

990 • Fiscal year 2015 • EIN 13-1714532

Jun 01, 2014 to May 31, 2015 • Filed on Mar 01, 2016

1610 Scottsville RdCharlottesville, VA 22902

(434) 295-3193

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.15x

Higher debt load relative to assets than 21% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

17th percentile

0.19x

Higher debt load relative to revenue than 17% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Net Margin

50th percentile

1.4%

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$151,590

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Asset Growth

53rd percentile

0.5%

Faster asset growth than 53% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

2.8%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,460,557

Up $31,902 (+0.5%) from 2014

Net Assets

Up

$5,490,081

Up $24,672 (+0.5%) from 2014

Liabilities

Up

$970,476

Up $7,230 (+0.8%) from 2014

Revenue

Up

$5,139,008

Up $141,026 (+2.8%) from 2014

Expenses

Up

$5,066,370

Up $208,330 (+4.3%) from 2014

Net Income

Down

$72,638

Down $67,304 (-48%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $0Liabilities 2012: $02012Assets 2013: $6,430,330Liabilities 2013: $1,030,957Net Assets 2013: $5,399,3732013Assets 2014: $6,428,655Liabilities 2014: $963,246Net Assets 2014: $5,465,4092014Assets 2015: $6,460,557Liabilities 2015: $970,476Net Assets 2015: $5,490,0812015Assets 2016: $6,249,737Liabilities 2016: $1,005,997Net Assets 2016: $5,243,7402016Assets 2017: $6,992,544Liabilities 2017: $1,249,063Net Assets 2017: $5,743,4812017Assets 2018: $6,885,751Liabilities 2018: $1,198,707Net Assets 2018: $5,687,0442018Assets 2019: $7,762,121Liabilities 2019: $1,570,461Net Assets 2019: $6,191,6602019Assets 2020: $7,538,884Liabilities 2020: $1,990,908Net Assets 2020: $5,547,9762020Assets 2021: $8,450,150Liabilities 2021: $1,594,229Net Assets 2021: $6,855,9212021Assets 2022: $7,857,250Liabilities 2022: $989,095Net Assets 2022: $6,868,1552022Assets 2023: $7,524,824Liabilities 2023: $1,547,079Net Assets 2023: $5,977,7452023Assets 2024: $7,549,276Liabilities 2024: $1,283,377Net Assets 2024: $6,265,8992024Assets 2025: $8,362,877Liabilities 2025: $1,458,512Net Assets 2025: $6,904,3652025

Highlighted filing

2015

Assets$6,460,557
Liabilities$970,476
Net Assets$5,490,081

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $168,941Expenses 2012: $169,893Net Income 2012: -$9522012Expenses 2013: $4,520,4242013Revenue 2014: $4,997,982Expenses 2014: $4,858,040Net Income 2014: $139,9422014Revenue 2015: $5,139,008Expenses 2015: $5,066,370Net Income 2015: $72,6382015Revenue 2016: $5,124,227Expenses 2016: $5,258,598Net Income 2016: -$134,3712016Revenue 2017: $5,410,658Expenses 2017: $5,172,624Net Income 2017: $238,0342017Revenue 2018: $5,889,410Expenses 2018: $6,057,493Net Income 2018: -$168,0832018Revenue 2019: $5,862,499Expenses 2019: $5,256,284Net Income 2019: $606,2152019Revenue 2020: $5,855,650Expenses 2020: $6,605,136Net Income 2020: -$749,4862020Revenue 2021: $5,004,287Expenses 2021: $4,424,825Net Income 2021: $579,4622021Revenue 2022: $5,863,607Expenses 2022: $5,483,274Net Income 2022: $380,3332022Revenue 2023: $6,038,827Expenses 2023: $6,646,261Net Income 2023: -$607,4342023Revenue 2024: $5,983,323Expenses 2024: $6,240,268Net Income 2024: -$256,9452024Revenue 2025: $7,784,408Expenses 2025: $5,993,473Net Income 2025: $1,790,9352025

Highlighted filing

2015

Revenue$5,139,008
Expenses$5,066,370
Net Income$72,638
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Mar 1, 2016
Return Version
2014v6.0
Gross Receipts
$6,969,833
Mission and Program Overview

Mission

To provide a forum for exchange of ideas relating to educational programs and leadership training to its undergraduate and alumni chapters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,348,210$3,226,952▼ $121,258
Investments in Publicly Traded Securities$2,312,051$2,436,514▲ $124,463
Prepaid Expenses and Deferred Charges$389,536$384,932▼ $4,604
Cash and Non-Interest-Bearing Accounts$48,253$189,768▲ $141,515
Inventories for Sale or Use$108,521$113,881▲ $5,360
Accounts Receivable$123,253$32,855▼ $90,398
Total Assets$6,428,655$6,460,557▲ $31,902
Other Assets Total$98,831$75,655▼ $23,176
Liabilities
Deferred Revenue$308,549$354,987▲ $46,438
Other Liabilities$374,599$308,781▼ $65,818
Accounts Payable and Accrued Expenses$182,841$155,987▼ $26,854
Unsecured Notes Loans Payable$97,257$150,721▲ $53,464
Total Liabilities$963,246$970,476▲ $7,230
Net Assets / Fund Balance
Unrestricted Net Assets$5,465,409$5,490,081▲ $24,672
Total Net Assets Fund Balance$5,465,409$5,490,081▲ $24,672
Total Liabilities and Net Assets / Fund Balance$6,428,655$6,460,557▲ $31,902

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,685,746$671,437$3,357,183
Other Land Buildings$137,873$632,243$770,116
Land$403,333-$403,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mitchell B WilsonExecutive DirectorFT$133,938$17,652$151,590

Board Members and Trustees

NameTitle
Toby H TaylorW/grand Master of Ceremoni
Hugh M RobertWorthy Grand Master
Derek L MarchmanWorthy Grand Procurator
Jeffrey S MckenzieWorthy Grand Scribe
Adam S ApatoffWorthy Grand Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000
Program Service Revenue
$4,721,533
Investment Income
$178,114
Other Revenue
$237,361
All Other Contributions
$2,000
Change in Net Assets
$72,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,139,008
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$160,736
Total Revenue per Audited Statements
$5,299,744
Total Revenue per Form 990
$5,139,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,670,629
Salaries, Compensation, and Employee Benefits$1,386,082
Grants and Similar Amounts Paid$9,659
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$942,020
Insurance---$616,099
All Other Expenses---$569,687
Travel---$416,330
Information Technology---$322,936
Conferences and Meetings---$281,970
Current Officers, Directors, Trustees, and Key Employees---$160,816
Other Employee Benefits---$158,194
Depreciation Depletion---$151,388
Occupancy---$133,220
Other Expenses---$122,950
Payroll Taxes---$87,659
Fees for Services Other---$53,086
Pension Plan Contributions---$37,393
Office Expenses---$27,411
Interest---$21,448
Grants to Domestic Orgs---$9,659
Fees for Service Investment Mgmnt Fees---$5,910
Total Functional Expenses$0$0$0$5,066,370

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,292,286
Expenses per Audited Statements$5,066,370
Total Expenses per Form 990$5,066,370
Expenses Not Reported on Form 990$225,916
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kappa Sigma Endowment FundCharlottesville, VA501(c)3TO PAY FOR OCCUPANCY RELATED EXPENSESSUPPORT OF THE ENDOWMENT FUND'S EXEMPT OPERATIONS$6,714
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability Insurance Reserve$274,073
Capital Lease Payable$18,382
Funds Held for Beta Kappa$16,326
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of the information return is sent to the supreme executive committee (sec) for review and commentary at least one week prior to filing.

Form 990, Part VI, Section B, Line 12C

The fraternity requires annual disclosures from all employees, directors, trustees, and key employees regarding compliance with the policy and knowledge of any potential conflicts of interests.

Form 990, Part VI, Section C, Line 18

The fraternity's information returns (990,990-t, and determination letter) are available for public inspection upon request either via a link on the fraternity's website or through walk-in requests.

Form 990, Part VI, Section C, Line 19

The fraternity's governing documents are available to the public upon request either via a link on the fraternity's website or through walk-in requests.

Filing and Contact Details

Filer

Filer Name
Kappa Sigma Fraternity
EIN
13-1714532
Phone
4342953193
Address
1610 SCOTTSVILLE RD, CHARLOTTESVILLE, VA 22902

Signing Officer

Name
Chad R Gebhardt
Title
Director of Financial Operations
Phone
4342953193
Signed
2016-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad R Gebhardt
Formed
1869
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
35
Volunteers
1,500

Preparer

Firm
HANTZMON WIEBEL LLP CPA'S
Address
818 E JEFFERSON ST PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Edward J Schmitz
Phone
4342962156
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Membership & awards 119,130. Membership inventory & supplies 100,917. Printing & publications 85,800. Bank fees 80,668. Miscellaneous 73,396. Bad debts 35,710. Telephone 32,296. Equipment rental & maintenance 23,497. Interfraternity expense 18,273.

FORM 990, PART XII, LINE 2C:

Form 990, part xii, line 2c: the organization has an audit committee that assumes responsibility for the oversight of the audit and selection of the independent accountant.

Financial Statement Notes

PART III, LINE 1A:

The fraternity owns historical treasures which it has on loan to the kappa sigma endowment fund for display within its museum. These historical treasures are not recorded on the fraternity's balance sheet under asc 958 as they are held for public exhibition. The historical treasures additionally are protected, preserved and kept unencumbered. The fraternity does not solicit donations of historical treasures but does accept unsolicited gifts of historical treasures. No donations of any historical treasures were accepted during this fiscal year. The fraternity has loaned its historical treasures to the kappa sigma endowment fund both in order to provide a forum for the education of the fraternity's undergraduate membership on the international history of the fraternity while honoring the alumni membership of the fraternity falling within the fraternity's "a greater cause" programming.

PART III, LINE 4:

The fraternity's historical treasures comprise of various works of art and other historical items related to the history of the organization and its members for purposes of providing a forum for the education of the fraternity's undergraduate membership on the international history of the fraternity while honoring the alumni membership of the fraternity falling within the fraternity's "a greater cause" programming.

PART X, LINE 2:

The fraternity has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the fraternity.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 4,648. Related organization's contributions reported on seperate 990 204,054.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 4,648. Related organization's distributions reported on seperate 990 221,268.

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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt087659
IRS990/PensionPlanContributionsGrp/TotalAmt037393
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0389536
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0384932
IRS990/PrincipalOfficerNm0CHAD R GEBHARDT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0DUES & ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1CHAPTER RISK MGMT
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc3RECRUITMENT/EXPANSION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02411796
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11825726
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2290375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt373626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02411796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11825726
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2290375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt373626
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL PROGRAMS - OFFERS A WIDE RANGE OF PROGRAMS FOR APPROXIMATELY 20,000 UNDERGRADUATE MEMBERS VIA NUMEROUS WORKSHOPS, LECTURES, AND CONFERENCES HELD THROUGHOUT THE COUNTRY.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBER SERVICES - INCLUDES EXPENSES INCURRED TO MAINTAIN AND PROMOTE THE FRATERNITY'S 319 INDIVIDUAL CHAPTERS AND COLONIES. THESE EXPENSES INCLUDE THE FRATERNITY'S PROGRAMS DIRECTED AT DEVELOPMENT AND EDUCATION OF ITS UNDERGRADUATE MEMBERSHIP, INCLUDING LEADERSHIP SKILLS TRAINING, PERSONAL RESPONSIBILITY AND ACCOUNTABILITY, TIME MANAGEMENT TECHNIQUES, GOAL SETTING STRATEGIES, VALUES AND ETHICS EDUCATION, WORLD AND U.S. HISTORY PROGRAMS, ALCOHOL AND SUBSTANCE ABUSE PREVENTION AND EDUCATION, AND PEER INTERVENTION TECHNIQUES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CADUCEUS MAGAZINE - PRODUCTION AND MAILING OF THE FRATERNITY'S QUARTERLY MAGAZINE.CHAMPION QUEST - THE CHAMPION QUEST RECRUITMENT TRAINING AND PROGRAMMING PROCESS DEVELOPED BY THE FRATERNITY EDUCATES THE MEMBERSHIP ON THE SKILLS OF NETWORKING, MARKETING, EVENT PLANNING AND PROGRAMMING, AND ADVANCEMENT OF THE GENERAL EDUCATIONAL MISSION OF THE HOST INSTITUTION AND THE FRATERNITY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1A GREATER CAUSE - THIS PROGRAM INCLUDES ALUMNI DEVELOPMENT EXPENSES RELATED TO THE FRATERNITY'S EFFORTS TO PROMOTE CONTINUING EDUCATION, LEADERSHIP DEVELOPMENT, LIFE SKILLS TRAINING, COMMUNITY INVOLVEMENT AND RECOGNITION FOR ITS APPROXIMATELY 211,000 ALUMNI MEMBERS. A GREATER CAUSE ADVOCATES ALUMNI OF THE FRATERNITY BECOMING INVOLVED AS ADVISORS AND MENTORS BOTH TO COMMUNITY GROUPS AND TO UNDERGRADUATE MEMBERS AND CHAPTERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01501
IRS990/PYGrantsAndSimilarPaidAmt067409
IRS990/PYInvestmentIncomeAmt0243207
IRS990/PYOtherExpensesAmt03453961
IRS990/PYOtherRevenueAmt0145642
IRS990/PYProgramServiceRevenueAmt04607632
IRS990/PYRevenuesLessExpensesAmt0139942
IRS990/PYSalariesCompEmpBnftPaidAmt01336670
IRS990/PYTotalExpensesAmt04858040
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04997982
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt072638
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0169889
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0169889
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02685746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0671437
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03357183
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/ExpensesNotReportedAmt0225916
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05066370
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0403333
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0403333
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-47966
IRS990ScheduleD/OtherExpensesIncludedAmt0225916
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0137873
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0632243
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0770116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0274073
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt218382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITY INSURANCE RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD FOR BETA KAPPA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CAPITAL LEASE PAYABLE
IRS990ScheduleD/OtherRevenueAmt0208702
IRS990ScheduleD/RevenueNotReportedAmt0160736
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05139008
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY OWNS HISTORICAL TREASURES WHICH IT HAS ON LOAN TO THE KAPPA SIGMA ENDOWMENT FUND FOR DISPLAY WITHIN ITS MUSEUM. THESE HISTORICAL TREASURES ARE NOT RECORDED ON THE FRATERNITY'S BALANCE SHEET UNDER ASC 958 AS THEY ARE HELD FOR PUBLIC EXHIBITION. THE HISTORICAL TREASURES ADDITIONALLY ARE PROTECTED, PRESERVED AND KEPT UNENCUMBERED. THE FRATERNITY DOES NOT SOLICIT DONATIONS OF HISTORICAL TREASURES BUT DOES ACCEPT UNSOLICITED GIFTS OF HISTORICAL TREASURES. NO DONATIONS OF ANY HISTORICAL TREASURES WERE ACCEPTED DURING THIS FISCAL YEAR. THE FRATERNITY HAS LOANED ITS HISTORICAL TREASURES TO THE KAPPA SIGMA ENDOWMENT FUND BOTH IN ORDER TO PROVIDE A FORUM FOR THE EDUCATION OF THE FRATERNITY'S UNDERGRADUATE MEMBERSHIP ON THE INTERNATIONAL HISTORY OF THE FRATERNITY WHILE HONORING THE ALUMNI MEMBERSHIP OF THE FRATERNITY FALLING WITHIN THE FRATERNITY'S "A GREATER CAUSE" PROGRAMMING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FRATERNITY'S HISTORICAL TREASURES COMPRISE OF VARIOUS WORKS OF ART AND OTHER HISTORICAL ITEMS RELATED TO THE HISTORY OF THE ORGANIZATION AND ITS MEMBERS FOR PURPOSES OF PROVIDING A FORUM FOR THE EDUCATION OF THE FRATERNITY'S UNDERGRADUATE MEMBERSHIP ON THE INTERNATIONAL HISTORY OF THE FRATERNITY WHILE HONORING THE ALUMNI MEMBERSHIP OF THE FRATERNITY FALLING WITHIN THE FRATERNITY'S "A GREATER CAUSE" PROGRAMMING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE FRATERNITY HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FRATERNITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF GOODS SOLD 4,648. RELATED ORGANIZATION'S CONTRIBUTIONS REPORTED ON SEPERATE 990 204,054.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4COST OF GOODS SOLD 4,648. RELATED ORGANIZATION'S DISTRIBUTIONS REPORTED ON SEPERATE 990 221,268.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03226952
IRS990ScheduleD/TotalExpensesPerForm990Amt05066370
IRS990ScheduleD/TotalLiabilityAmt0308781
IRS990ScheduleD/TotalRevenuePerForm990Amt05139008
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05299744
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05292286
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt06714
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PAY FOR OCCUPANCY RELATED EXPENSESSUPPORT OF THE ENDOWMENT FUND'S EXEMPT OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KAPPA SIGMA ENDOWMENT FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0366018518
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01610 SCOTTSVILLE RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTESVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022902
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A - ASSISTENCE WAS IN CASH
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE INFORMATION RETURN IS SENT TO THE SUPREME EXECUTIVE COMMITTEE (SEC) FOR REVIEW AND COMMENTARY AT LEAST ONE WEEK PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FRATERNITY REQUIRES ANNUAL DISCLOSURES FROM ALL EMPLOYEES, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES REGARDING COMPLIANCE WITH THE POLICY AND KNOWLEDGE OF ANY POTENTIAL CONFLICTS OF INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FRATERNITY'S INFORMATION RETURNS (990,990-T, AND DETERMINATION LETTER) ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST EITHER VIA A LINK ON THE FRATERNITY'S WEBSITE OR THROUGH WALK-IN REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FRATERNITY'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST EITHER VIA A LINK ON THE FRATERNITY'S WEBSITE OR THROUGH WALK-IN REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERSHIP & AWARDS 119,130. MEMBERSHIP INVENTORY & SUPPLIES 100,917. PRINTING & PUBLICATIONS 85,800. BANK FEES 80,668. MISCELLANEOUS 73,396. BAD DEBTS 35,710. TELEPHONE 32,296. EQUIPMENT RENTAL & MAINTENANCE 23,497. INTERFRATERNITY EXPENSE 18,273.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ALBEMARLE CARTER MOUNTAINS TRUST
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1ALBEMARLE CARTER MOUNTAINS MANAGEMENT CO LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0131714532
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1131714532
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03760516
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLD ASSETS IN TRUST FOR THE BENEFIT OF THE FRATERNITY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1TRUSTEE OF THE ALBEMARLE CARTER MOUNTAINS TRUST
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01610 SCOTTSVILLE RD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt11610 SCOTTSVILLE RD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CHARLOTTESVILLE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1CHARLOTTESVILLE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd022902
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd122902
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0KAPPA SIGMA FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0A GREATER CAUSE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0371647978
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE SCHOLARSHIP, LEADERSHIP, & FELLOWSHIP GRANTS TO 501(C)(3) ORGS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01610 SCOTTSVILLE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022902
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06428655
IRS990/TotalAssetsEOYAmt06460557
IRS990/TotalAssetsGrp/BOYAmt06428655
IRS990/TotalAssetsGrp/EOYAmt06460557
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.36$1.46$6.90$7.78$5.99$1.79
2024Detailed filing. Detailed filing data is available for this year.$7.55$1.28$6.27$5.98$6.24$0.26
2023Detailed filing. Detailed filing data is available for this year.$7.52$1.55$5.98$6.04$6.65$0.61
2022Detailed filing. Detailed filing data is available for this year.$7.86$0.99$6.87$5.86$5.48$0.38
2021Detailed filing. Detailed filing data is available for this year.$8.45$1.59$6.86$5.00$4.42$0.58
2020Detailed filing. Detailed filing data is available for this year.$7.54$1.99$5.55$5.86$6.61$0.75
2019Detailed filing. Detailed filing data is available for this year.$7.76$1.57$6.19$5.86$5.26$0.61
2018Detailed filing. Detailed filing data is available for this year.$6.89$1.20$5.69$5.89$6.06$0.17
2017Detailed filing. Detailed filing data is available for this year.$6.99$1.25$5.74$5.41$5.17$0.24
2016Detailed filing. Detailed filing data is available for this year.$6.25$1.01$5.24$5.12$5.26$0.13
2015Detailed filing. Detailed filing data is available for this year.$6.46$0.97$5.49$5.14$5.07$0.07
2014Detailed filing. Detailed filing data is available for this year.$6.43$0.96$5.47$5.00$4.86$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$1.03$5.40$4.52
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.17$0.17$0.00