Kappa Sigma Fraternity is located in Orlando, FL. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Kappa Sigma Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Kappa Sigma Fraternity generated $95.4k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $91.1k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE PRIMARY EXEMPT PURPOSE OF THE KAPPA SIGMA FRATERNITY IS TO OPERATE AS A SOCIAL CLUB BUILT UPON THE FOUR PILLARS OF FELLOWSHIP, LEADERSHIP, SCHOLARSHIP AND SERVICE. SUBSTANTIALLY ALL OF THE ORGANIZATION'S ACTIVITIES WERE FOR PLEASURE, RECREATION, AND OTHER NONPROFIT PURPOSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dalton Marsh President | 15 | $0 | |
Cooper Welsh Treasurer | 10 | $0 | |
Justin Presley Vice President | 8 | $0 | |
Nick Vergo Secretary | 8 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
Total Program Service Revenue | $0 |
Membership dues | $92,907 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $95,407 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $40,000 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $51,126 |
Total expenses | $91,126 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $7,393 |
Other assets | $0 |
Total assets | $7,393 |
Total liabilities | $0 |
Net assets or fund balances | $7,393 |