Civic Intelligence

Lambda of Kappa Alpha Theta Inc

EIN 45-2635136 • 501(c)7 • Indianapolis, IN

Profile

TO PROVIDE HOUSING

8740 Founders RoadIndianapolis, IN 46268

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • <$500k nonprofits • Source year 2018

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

4th percentile

-100%

Faster asset growth than 4% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.0%

Faster revenue growth than 50% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $1,087,478 (-100%) from 2017

Liabilities

Down

$0

Down $643,774 (-100%) from 2017

Net Assets

Down

$0

Down $443,704 (-100%) from 2017

Revenue

Up

$167,236

Up $4,834 (+3.0%) from 2017

Expenses

Up

$201,783

Up $42,537 (+27%) from 2017

Net Income

Down

-$34,547

Down $37,703 (-1195%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $70,120Liabilities 2011: $5,0062011Assets 2012: $1,034,519Liabilities 2012: $668,589Net Assets 2012: $365,9302012Assets 2013: $1,024,448Liabilities 2013: $632,045Net Assets 2013: $392,4032013Assets 2014: $1,095,928Liabilities 2014: $717,932Net Assets 2014: $377,9962014Assets 2015: $1,088,800Liabilities 2015: $694,824Net Assets 2015: $393,9762015Assets 2016: $1,110,270Liabilities 2016: $669,722Net Assets 2016: $440,5482016Assets 2017: $1,087,478Liabilities 2017: $643,774Net Assets 2017: $443,7042017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $70,538Expenses 2011: $5,424Net Income 2011: $65,1142011Expenses 2012: $149,6552012Revenue 2013: $171,600Expenses 2013: $145,127Net Income 2013: $26,4732013Revenue 2014: $197,831Expenses 2014: $212,238Net Income 2014: -$14,4072014Revenue 2015: $155,032Expenses 2015: $139,052Net Income 2015: $15,9802015Revenue 2016: $185,724Expenses 2016: $139,152Net Income 2016: $46,5722016Revenue 2017: $162,402Expenses 2017: $159,246Net Income 2017: $3,1562017Revenue 2018: $167,236Expenses 2018: $201,783Net Income 2018: -$34,5472018

Highlighted filing

2018

Revenue$167,236
Expenses$201,783
Net Income-$34,547

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 25, 2019
Return Version
2017v2.3
Gross Receipts
$167,236
Mission and Program Overview

Mission

TO PROVIDE HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$936,915$0▼ $936,915
Cash and Non-Interest-Bearing Accounts$116,477$0▼ $116,477
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,087,478$0▼ $1,087,478
Other Assets Total$34,086$0▼ $34,086
Liabilities
Mortgage Notes Payable Secured by Investment Property$643,774--
Total Liabilities$643,774$0▼ $643,774
Net Assets / Fund Balance
Unrestricted Net Assets$443,704$0▼ $443,704
Total Net Assets Fund Balance$443,704$0▼ $443,704
Total Liabilities and Net Assets / Fund Balance$1,087,478$0▼ $1,087,478
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jeffrey RisserChief Financial Officer$149,309$149,309
Teresa SmithFhc Executive Director$77,406$77,406

Board Members and Trustees

NameTitle
Mary Jane BeachPresident
Leah HartmanVice President
Elizabeth CorridanVice President/secretary
Catherine Kellie DickersonVice President/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Green DolphinConstruction Management9534 RT 36 UNIT 5, East Fairfield, VT 05448$108,474
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$162,862
Investment Income
$39
Other Revenue
$4,335
Change in Net Assets
$-34,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$83,286
Depreciation Depletion---$60,697
Interest---$29,453
Insurance---$5,608
Fees for Services Legal---$3,653
Travel---$1,598
Fees for Services Accounting---$1,202
Other Expenses---$620
Total Functional Expenses$0$0$0$201,783
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The lambda chapter members of the kappa alpha theta fraternity pay a facility fee to the organization. Upon payment they become members of the organization. Members are allowed to attend the organization's board meetings.

Form 990, Part VI, Section A, Line 7A

Active members of the corporation shall be entitled to notice of and right to attend meetings of the membership, but have no vote on corporate actions. The sole voting member of the corporation, kappa alpha theta fraternity housing corporation, retains the power to appoint members of the governing body.

Form 990, Part VI, Section A, Line 7B

Governance decisions are subject to the approval of the sole voting member, kappa alpha theta fraternity housing corporation.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the organization's board of directors prior to being filed.

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

The organization reviews the policy and any conflicts of interest on an annual basis.

Form 990, Part VI, Section C, Line 18

The organization's annual form(s) 990 and 990-t (if applicable) and its form 1024 are available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization does not make the governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Lambda of Kappa Alpha Theta Inc
EIN
45-2635136
Phone
3178761870
Address
8740 FOUNDERS ROAD, INDIANAPOLIS, IN 46268

Signing Officer

Name
Elizabeth Corridan
Title
Vice President/secretary
Phone
3178761870
Signed
2019-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jane Beach
Formed
2011
Legal Domicile
Vt
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
3

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Rebekah Payne CPA
Phone
3173475200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net assets transferred upon dissolution -409,157.

FORM 990, PART XII, LINE 2C:

The board of directors, of the kappa alpha theta fraternity, assumes responsibility for the audit process as well as the selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization has evaluated tax positions taken in the tax returns filed and has determined that there are no uncertain tax positions as defined by generally accepted accounting standards.

Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0261430902
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0409157
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(7)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0NET BOOK VALUE OF ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd046268
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: ELIZABETH CORRIDAN JEFFREY RISSER
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1PERSON(S) INVOLVED: TERESA SMITH
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2EXPLANATION OF INVOLVEMENT: THE SECRETARY OF THE ORGANIZATION IS ALSO THE SECRETARY OF THE TRANSFEREE ORGANIZATION.THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION IS ALSO THE CHIEF FINANCIAL OFFICER OF THE TRANSFEREE ORGANIZATION.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt3EXPLANATION OF INVOLVEMENT: THE EXECUTIVE DIRECTOR OF THE ORGANIZATION IS ALSO THE EXECUTIVE DIRECTOR OF THE TRANSFEREE ORGANIZATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc3PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LAMBDA CHAPTER MEMBERS OF THE KAPPA ALPHA THETA FRATERNITY PAY A FACILITY FEE TO THE ORGANIZATION. UPON PAYMENT THEY BECOME MEMBERS OF THE ORGANIZATION. MEMBERS ARE ALLOWED TO ATTEND THE ORGANIZATION'S BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVE MEMBERS OF THE CORPORATION SHALL BE ENTITLED TO NOTICE OF AND RIGHT TO ATTEND MEETINGS OF THE MEMBERSHIP, BUT HAVE NO VOTE ON CORPORATE ACTIONS. THE SOLE VOTING MEMBER OF THE CORPORATION, KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION, RETAINS THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS ARE SUBJECT TO THE APPROVAL OF THE SOLE VOTING MEMBER, KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE POLICY AND ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S ANNUAL FORM(S) 990 AND 990-T (IF APPLICABLE) AND ITS FORM 1024 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NET ASSETS TRANSFERRED UPON DISSOLUTION -409,157.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS, OF THE KAPPA ALPHA THETA FRATERNITY, ASSUMES RESPONSIBILITY FOR THE AUDIT PROCESS AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KAPPA ALPHA THETA FRATERNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0361305568
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1261430902
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE FRATERNAL SISTERHOOD THROUGH EDUCATION AND SOCIAL ACTIVITIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO HOLD TITLE TO OR TO RENT PROPERTY FOR KAPPA ALPHA THETA MEMBERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18740 FOUNDERS ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046268
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd146268
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0409157
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0NET BOOK VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KAPPA ALPHA THETA FRATERNITY HOUSING CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt01087478
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt01087478
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201783
IRS990/TotalGrossUBIAmt039
IRS990/TotalLiabilitiesBOYAmt0643774
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0643774
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0443704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt067900
IRS990/TotalProgramServiceRevenueAmt0162862
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0167197
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0167236
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt039
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01087478
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt0393351
IRS990/TravelGrp/TotalAmt01598
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0443704
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046268
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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