Kappa Alpha Order
- Assets
- $4.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Lexington, VA
- Founding
- 08/1940
- Data as of
- 06/2021
- EIN
- 58-0310956
Organization Overview
Kappa Alpha Order is located in Lexington, VA. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Kappa Alpha Order employed 39 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kappa Alpha Order is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Kappa Alpha Order generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGIATE SOCIAL FRATERNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISK MANAGEMENT PROGRAM
ASSOCIATE DIRECTORS OF CHAPTER SERVICES
EXPANSION & CHAPTER DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Stanton Wiese Executive Director | Officer | 40 | $175,114 |
C Douglas Simmons III Knight Commander | OfficerTrustee | 0 | $0 |
King V Aiken Jr Senior Councilor | OfficerTrustee | 0 | $0 |
Malcolm H Liles Councilor | Trustee | 0 | $0 |
L Blair Bailey Councilor | Trustee | 0 | $0 |
Stephen Lafollette Councilor | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $3,902,789 |
| Investment income | $19,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $106,687 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,721 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,817 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,144,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,114 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,047,272 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,964 |
| Payroll taxes | $27,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,009 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,999 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,947 |
| Office expenses | $78,741 |
| Information technology | $43,752 |
| Royalties | $0 |
| Occupancy | $118,423 |
| Travel | $24,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,068 |
| Interest | $1,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,714 |
| Insurance | $807,713 |
| All other expenses | $72,584 |
| Total functional expenses | $3,888,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $933,362 |
| Inventories for sale or use | $246,510 |
| Prepaid expenses and deferred charges | $319,677 |
| Net Land, buildings, and equipment | $1,762,043 |
| Investments—publicly traded securities | $397,819 |
| Investments—other securities | $0 |
| Investments—program-related | $189,922 |
| Intangible assets | $0 |
| Other assets | $459,734 |
| Total assets | $4,686,105 |
| Accounts payable and accrued expenses | $358,676 |
| Grants payable | $0 |
| Deferred revenue | $770,240 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $425,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,851,871 |
| Total liabilities | $3,406,557 |
| Net assets without donor restrictions | $1,279,548 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,686,105 |
Grants Awarded
Over the last fiscal year, Kappa Alpha Order has awarded $193,615 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ PURPOSE: MAINTENANCE | $162,850 |
DELTA LAMBDA CHAPTER OF KAPPA ALPHA ORDER HOME BENEFIT CORPORATION PURPOSE: MAINTENANCE | $22,065 |
Hammond, LA PURPOSE: DEBT REDUCTION | $8,700 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kappa Alpha Order has recieved totaling $410,000.
| Awarding Organization | Amount |
|---|---|
Kappa Alpha Order Educational Foundation Lexington, VA PURPOSE: EDUCATIONAL PROGRAMS DESCRIBED IN FORM 990 PART III. | $205,000 |
Kappa Alpha Order Educational Foundation Lexington, VA PURPOSE: EDUCATIONAL PROGRAMS DESCRIBED IN FORM 990 PART III. | $205,000 |
Endowment Analysis
| Beg. Balance | $355,286 |
| Earnings | $51,234 |
| Admin Expense | $1,999 |
| Other Expense | $6,702 |
| Ending Balance | $397,819 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Greensboro Country Club Incorporated Greensboro, NC | $22,272,638 | $13,710,701 |
Annapolis Yacht Club Inc Annapolis, MD | $62,193,115 | $12,813,958 |
Westwood Country Club Inc Vienna, VA | $44,254,499 | $15,210,474 |