Kappa Sigma Fraternity
- Assets
- $7.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Ithaca, NY
- Founding
- Data as of
- 05/2024
- EIN
- 54-1816310
Organization Overview
Kappa Sigma Fraternity is located in Ithaca, NY. 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 $111.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $137.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 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
TO PROVIDE ROOM, BOARD, AND FELLOWSHIP TO MEMBERS OF THE COLLEGE FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Mayor President | OfficerTrustee | 1 | $0 |
Gabe Cohen Vice President | OfficerTrustee | 1 | $0 |
Daniel Goldberg Treasurer | OfficerTrustee | 1 | $0 |
Matthew Smtih Secretary | OfficerTrustee | 1 | $0 |
Nicholas Baughman Historian | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $111,740 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,740 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,443 |
| Professional fees and other payments to independent contractors | $3,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $97,578 |
| Total expenses | $137,371 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,581 |
| Other assets | $0 |
| Total assets | $7,581 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,581 |