Sigma Kappa Sorority
- Assets
- $12.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 55
- Location
- Carmel, IN
- Founding
- 01/1943
- Data as of
- 05/2022
- EIN
- 01-0158948
Organization Overview
Sigma Kappa Sorority is located in Carmel, IN. The organization was established in 1943. 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 05/2022, Sigma Kappa Sorority employed 55 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sigma Kappa Sorority is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Sigma Kappa Sorority generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WOMEN LIFELONG OPPORTUNITIES AND SUPPORT FOR SOCIAL, INTELLECTUAL, AND SPIRITUAL DEVELOPMENT BY BRINGING WOMEN TOGETHER TO POSITIVELY IMPACT OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MANAGEMENT AND EDUCATIONAL SERVICES OF CHAPTERS AND THOSE EXPENDITURES RELATING TO THE ADMINISTRATION AND EDUCATION OF 120 COLLEGIATE CHAPTERS AND OVER 11,000 COLLEGIATE MEMBERS
THE 2022 EMERGING LEADERSHIP CONFERENCE FOCUSED ON LEADERSHIP AND PERSONAL SKILL DEVELOPMENT IN AN INSTITUTE MODEL MEANT EXCLUSIVELY FOR COLLEGIATE MEMBERS WHO HAVE NEVER HELD A LEADERSHIP POSITION BEFORE, OR WHO ARE IN THEIR FIRST ELECTED POSITION WITHIN THE CHAPTER. THROUGH A MIX OF GENERAL SESSIONS AND SMALL COHORT GROUPS LED BY TRAINED FACILITATORS, ATTENDEES LEARNED ABOUT LEADERSHIP SKILLS AND HOW THEY CAN BE USED, BOTH IN THEIR CHAPTERS AND IN EVERYDAY SITUATIONS.
PUBLICATION AND OPERATIONAL EXPENDITURES FOR ALL COMMUNICATION CHANNELS INCLUDING THE WEBSITE, SOCIAL MEDIA, EMAIL AND QUARTERLY MAGAZINE. ALL COMMUNICATIONS ARE USED TO EDUCATE AND SHARE UPDATES WITH ALUMNAE AND COLLEGIATE MEMBERS ON THE EDUCATIONAL AND STRATEGIC WORK OF THE ORGANIZATION. THE MAGAZINE IS DISTRIBUTED VIA HARD COPY EACH QUARTER - ONE ISSUE IS SENT TO ALL MEMBERS (APPROXIMATELY 115,000) AND THREE OTHERS ARE SENT TO A SELECT AUDIENCE OF MEMBERS (APPROXIMATELY 13,000). THE DIGITAL EDITION IS DISTRIBUTED TO APPROXIMATELY 68,000 MEMBERS EACH QUARTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Bentlage Executive Director | Officer | 40 | $105,880 |
Angie Naniot Ahrens Nvp For Alumnae | OfficerTrustee | 15 | $0 |
Ann O'connell Adams National President | OfficerTrustee | 15 | $0 |
Meaghan Miller Thul Nvp For Collegiate Chapters | OfficerTrustee | 15 | $0 |
Kathleen Brangan Held Nvp For Membership | OfficerTrustee | 15 | $0 |
Jordan Archer Nvp For Extension | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriott Business Services Rlc Events | 5/30/20 | $329,428 |
Talkspace Networks Llc Mental Health Services For Members | 5/30/20 | $125,000 |
Herff Jones Llc Merchandise | 5/30/20 | $314,987 |
Omegafi Ginsystem Financial Management, Database And Commu | 5/30/20 | $120,656 |
Hilton Dfw Lakes Rlc / Volunteer Summit Events | 5/30/20 | $176,852 |
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 | $261,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,657 |
| Total Program Service Revenue | $3,633,412 |
| Investment income | $84,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $202,983 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,906 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $156,437 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,440,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $126,313 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,552,637 |
| Pension plan accruals and contributions | $32,548 |
| Other employee benefits | $170,426 |
| Payroll taxes | $152,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,205 |
| Fees for services: Accounting | $116,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,397 |
| Fees for services: Other | $339,242 |
| Advertising and promotion | $0 |
| Office expenses | $63,204 |
| Information technology | $503,252 |
| Royalties | $0 |
| Occupancy | $80,059 |
| Travel | $118,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $443,945 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,318 |
| Insurance | $241,023 |
| All other expenses | $0 |
| Total functional expenses | $4,170,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $455,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $235,318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,733 |
| Prepaid expenses and deferred charges | $173,442 |
| Net Land, buildings, and equipment | $66,205 |
| Investments—publicly traded securities | $6,720,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,262,370 |
| Total assets | $12,933,828 |
| Accounts payable and accrued expenses | $347,536 |
| Grants payable | $0 |
| Deferred revenue | $558,829 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,262,370 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,487 |
| Total liabilities | $6,669,222 |
| Net assets without donor restrictions | $6,264,606 |
| 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 | $12,933,828 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Kappa Sorority has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Sigma Kappa Foundation Inc Carmel, IN PURPOSE: LEADERSHIP AND EDUCATIONAL PROGRAMMING FOR MEMBERS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |