Civic Intelligence

Lambda of Kappa Alpha Theta Inc

990 • Fiscal year 2017 • EIN 45-2635136

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 09, 2017

8740 Founders RoadIndianapolis, IN 46268

(317) 876-8593

Siviq Scores

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

Liabilities / Assets

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

3.96x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Net Margin

44th percentile

1.9%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$219,105

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 134.9% of source-year revenue.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Asset Growth

30th percentile

-2.1%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-13%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,087,478

Down $22,792 (-2.1%) from 2016

Net Assets

Up

$443,704

Up $3,156 (+0.7%) from 2016

Liabilities

Down

$643,774

Down $25,948 (-3.9%) from 2016

Revenue

Down

$162,402

Down $23,322 (-13%) from 2016

Expenses

Up

$159,246

Up $20,094 (+14%) from 2016

Net Income

Down

$3,156

Down $43,416 (-93%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$1,087,478
Liabilities$643,774
Net Assets$443,704

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$162,402
Expenses$159,246
Net Income$3,156
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 9, 2017
Return Version
2016v3.0
Gross Receipts
$162,402
Mission and Program Overview

Mission

TO PROVIDE HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$990,056$936,915▼ $53,141
Cash and Non-Interest-Bearing Accounts$120,214$116,477▼ $3,737
Total Assets$1,110,270$1,087,478▼ $22,792
Other Assets Total$0$34,086▲ $34,086
Liabilities
Mortgage Notes Payable Secured by Investment Property$669,680$643,774▼ $25,906
Accounts Payable and Accrued Expenses$42$0▼ $42
Total Liabilities$669,722$643,774▼ $25,948
Net Assets / Fund Balance
Unrestricted Net Assets$440,548$443,704▲ $3,156
Total Net Assets Fund Balance$440,548$443,704▲ $3,156
Total Liabilities and Net Assets / Fund Balance$1,110,270$1,087,478▼ $22,792

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$926,601$615,123$1,541,724
Other Land Buildings$1,380$173,798$175,178
Land$7,500-$7,500
Equipment$1,434$1,141$2,575
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jeffrey RisserDirector of Finance$148,075$148,075
Teresa SmithFhc Executive Director$71,752$71,752

Board Members and Trustees

NameTitle
Mary Jane BeachPresident
Angela GrimesVice President
Kathy SchweerVice President
Kellie DickersonVice President
Elizabeth CorridanVice President/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$162,262
Investment Income
$140
Other Revenue
$0
Change in Net Assets
$3,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,246
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---$60,930
Depreciation Depletion---$54,591
Interest---$30,688
Insurance---$5,345
Travel---$4,798
Office Expenses---$1,079
Fees for Services Accounting---$750
Fees for Services Other---$380
Other Expenses---$50
Total Functional Expenses$0$0$0$159,246
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
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. Annual form 990s can also be obtained through third party websites such as www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lambda of Kappa Alpha Theta Inc
EIN
45-2635136
Phone
3178768593
Address
8740 FOUNDERS ROAD, INDIANAPOLIS, IN 46268

Signing Officer

Name
Elizabeth Corridan
Title
Vice President/secretary
Phone
3178768593
Signed
2017-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jane Beach
Formed
2011
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
4

Preparer

Firm
Mountjoy Chilton Medley Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Rebekah Payne
Phone
3173475200
Supplemental Narrative

Additional Explanations

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 Appendix393 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
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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. ANNUAL FORM 990S CAN ALSO BE OBTAINED THROUGH THIRD PARTY WEBSITES SUCH AS WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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 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/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01110270
IRS990/TotalAssetsEOYAmt01087478
IRS990/TotalAssetsGrp/BOYAmt01110270
IRS990/TotalAssetsGrp/EOYAmt01087478
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159246
IRS990/TotalGrossUBIAmt0140
IRS990/TotalLiabilitiesBOYAmt0669722
IRS990/TotalLiabilitiesEOYAmt0643774
IRS990/TotalLiabilitiesGrp/BOYAmt0669722
IRS990/TotalLiabilitiesGrp/EOYAmt0643774
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0440548
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0443704
IRS990/TotalOtherCompensationAmt065265
IRS990/TotalProgramServiceRevenueAmt0162262
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0162262
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0162402
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0140
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01110270
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01087478
IRS990/TotReportableCompRltdOrgAmt0373667
IRS990/TravelGrp/TotalAmt04798
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0440548
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0443704
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046268
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH CORRIDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03178768593
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMBDA OF KAPPA ALPHA THETA INC
ReturnHeader/Filer/BusinessNameControlTxt0LAMB
ReturnHeader/Filer/EIN0452635136
ReturnHeader/Filer/PhoneNum03178768593
ReturnHeader/Filer/USAddress/AddressLine1Txt08740 FOUNDERS ROAD
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046268
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DF04AC0F0E096D3CF2F87D1AB446D468971B047D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C262ACED9BEFAAD04AA209652AA5CC851E6C234
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0128.136.148.166
ReturnHeader/FilingSecurityInformation/IPDt02017-12-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:05:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271235638
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOUNTJOY CHILTON MEDLEY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06840 EAGLE HIGHLANDS WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046254
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBEKAH PAYNE
ReturnHeader/ReturnTs02018-01-10T08:49:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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