Kappa Sigma Fraternity
- Assets
- $28.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 12/1978
- Data as of
- 06/2023
- EIN
- 54-1093553
Organization Overview
Kappa Sigma Fraternity is located in Chattanooga, TN. The organization was established in 1978. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. 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 06/2023, Kappa Sigma Fraternity generated $49.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $58.2k during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
GENERAL EXPENSES OF MAINTAINING HOUSING FOR LOCAL FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Smith President | 1 | $0 | |
Will Clegg Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $49,125 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,125 |
| 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 | $42,408 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,774 |
| Total expenses | $58,182 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,271 |
| Other assets | $0 |
| Total assets | $28,802 |
| Total liabilities | $83,269 |
| Net assets or fund balances | -$54,467 |