Sigma Kappa Sorority
- Assets
- $14.5m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Carmel, IN
- Founding
- 01/1943
- Data as of
- 05/2024
- 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 05/2024, Sigma Kappa Sorority employed 51 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 05/2024, Sigma Kappa Sorority generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.6m during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SIGMA KAPPA FOSTERS LIFELONG CONNECTION IN SISTERHOOD WHILE BEING TRUE TO OUR FOUNDING AS AN INTELLECTUAL AND SOCIAL WOMEN'S SORORITY. THROUGH MUTUAL SUPPORT AND RESPECT, WE INSPIRE ALL MEMBERS TO LEAD A LIFE OF PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGIATE - GENERAL MANAGEMENT AND EDUCATIONAL SERVICES FOR COLLEGIATE MEMBERS AND CHAPTERS AND THOSE EXPENDITURES RELATING TO THE ADMINISTRATION AND EDUCATION OF 118 COLLEGIATE CHAPTERS AND OVER 10,000 COLLEGIATE MEMBERS.
SUMMIT FOR COLLEGIATE LEADERSHIP THE FOCUS OF THE SUMMIT FOR COLLEGIATE LEADERSHIP IS ON LEADERSHIP AND PERSONAL SKILL DEVELOPMENT IN AN INSTITUTE MODEL MEANT EXCLUSIVELY FOR SIGMA KAPPA COLLEGIATE LEADERS. THROUGH A MIX OF GENERAL SESSIONS AND SMALL COHORT GROUPS LED BY TRAINED FACILITATORS, ATTENDEES LEARN ABOUT LEADERSHIP SKILLS AND HOW THEY CAN BE USED, BOTH IN THEIR CHAPTERS AND IN EVERYDAY SITUATIONS.
PROGRAMMING AND TRAINING THE MAIN EXPENSES IN THIS PROGRAM SECTION INCLUDE FUNDING FOR TALKSPACE, ELEARNING, VOLUNTEER TRAINING AND SERVICE IMMERSION. TALKSPACE IS AN ONLINE PLATFORM THAT PROVIDES PERSONAL, CONVENIENT, AND CONFIDENTIAL ONLINE COUNSELING. EXPENSES RELATED ELEARNING ARE TO COVER OUR LEARNING MANAGEMENT SYSTEM AND THE ABILITY FOR OUR MEMBERS TO ACCESS ONLINE EDUCATIONAL RESOURCES. FOR THE SECOND YEAR IN A ROW, SIGMA KAPPA HAS OFFERED THE OPPORTUNITY TO PARTNER WITH THE MAINE SEACOAST MISSION TO ASSIST THE MISSION IN HOME REPAIR, COMMUNITY CLEANUP, FOOD SECURITY, AND CHRISTMAS PROGRAMS AND VOLUNTEER TRAINING ARE EXPENSES RELATED TO THE TRAINING OF LOCAL AND NATIONAL VOLUNTEERS TO SUPPORT OUR ALUMNAE AND COLLEGIATE CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann O'connell Adams National President | OfficerTrustee | 15 | $0 |
Karen Peterson Parnell Nvp For Finance | OfficerTrustee | 15 | $0 |
Angie Naniot Ahrens National Vice President | OfficerTrustee | 15 | $0 |
Michelle Fleer National Vice President | OfficerTrustee | 15 | $0 |
Kathleen Brangan Held National Vice President | OfficerTrustee | 15 | $0 |
Stacy Lona Hicks National Vice President | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriott Business Services Rlc Events | 5/30/20 | $329,428 |
Herff Jones Llc Merchandise | 5/30/20 | $314,987 |
Hilton Dfw Lakes Rlc / Volunteer Summit Events | 5/30/20 | $176,852 |
Talkspace Networks Llc Mental Health Services For Members | 5/30/20 | $125,000 |
Omegafi Ginsystem Financial Management, Database And Commu | 5/30/20 | $120,656 |
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 | $1,601,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,601,511 |
| Total Program Service Revenue | $3,687,160 |
| Investment income | $287,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $208,114 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,379 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $169,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,149,087 |
| 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. | $146,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,876,917 |
| Pension plan accruals and contributions | $36,798 |
| Other employee benefits | $225,547 |
| Payroll taxes | $169,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,070 |
| Fees for services: Accounting | $127,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,194 |
| Fees for services: Other | $322,655 |
| Advertising and promotion | $0 |
| Office expenses | $47,811 |
| Information technology | $351,222 |
| Royalties | $0 |
| Occupancy | $77,083 |
| Travel | $197,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $506,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,674 |
| Insurance | $274,415 |
| All other expenses | $0 |
| Total functional expenses | $4,574,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,270,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,597 |
| Prepaid expenses and deferred charges | $316,538 |
| Net Land, buildings, and equipment | $44,000 |
| Investments—publicly traded securities | $5,290,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,484,118 |
| Total assets | $14,487,244 |
| Accounts payable and accrued expenses | $365,512 |
| Grants payable | $0 |
| Deferred revenue | $636,431 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,305,957 |
| 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 | $694,421 |
| Total liabilities | $7,002,321 |
| Net assets without donor restrictions | $7,484,923 |
| 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 | $14,487,244 |