Delta Psi House Association Of Kappa Kappa Gamma Fraternity
- Assets
- $3.1m
- Revenue
- $415.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 07/1982
- Data as of
- 06/2023
- EIN
- 23-7189490
Organization Overview
Delta Psi House Association Of Kappa Kappa Gamma Fraternity is located in Lubbock, TX. The organization was established in 1982. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Psi House Association Of Kappa Kappa Gamma 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, Delta Psi House Association Of Kappa Kappa Gamma Fraternity generated $415.6k in total revenue. All expenses for the organization totaled $480.4k during the year ending 06/2023. While expenses have increased by 20.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE (BY GIFT, PURCHASE OR OTHERWISE) REAL, PERSONAL AND MIXED PROPERTY; TO HOLD SUCH PROPERTY IN TRUST FOR THE USE AND BENEFIT OF DELTA PSI CHAPTER OF KAPPA KAPPA GAMMA FRATERNITY; TO SELL, CONVEY, AND/OR ENCUMBER SAID PROPERTY; AND TO BUILD, EQUIP, MAINTAIN AND MANAGE SAID PROPERTY;AND TO FURTHER THE IDEALS OF KAPPA KAPPA GAMMA FRATERNITY AMONG SUCH MEMBERS AND ENCOURAGE THE ASSOCIATION OF ACTIVE AND ALUMNA MEMBERS OF CHAPTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN CONNECTION WITH OWNERSHIP OF BUILDING, INCLUDING INTEREST PAID ON MORTGAGE, DEPRECIATION EXPENSE AND PROPERTY TAXES.
MAINTENANCE, REPAIRS AND UPKEEP OF HOUSE FOR THE BENEFIT AND ENJOYMENT OF MEMBERS. (INCLUDES CLEANING SERVICES AND SUPPLIES, INSURANCE, UTILITIES, REPAIRS AND MAINTENANCE.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Hamilton At Large Member | Trustee | 1 | $0 |
Danielle Diaz DE Tuesta At Large Member | Trustee | 1 | $0 |
Erica Sisemore Secretary | OfficerTrustee | 2 | $0 |
Sara Parenti House Advisor | Trustee | 2 | $0 |
Lindley Herring President | OfficerTrustee | 5 | $0 |
Heather Reynolds Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,850 |
| Total Program Service Revenue | $341,475 |
| Investment income | $3,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $415,596 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,450 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $140,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,407 |
| Insurance | $11,469 |
| All other expenses | $6,854 |
| Total functional expenses | $480,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,158 |
| Savings and temporary cash investments | $412,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,676,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,101,316 |
| Accounts payable and accrued expenses | $890 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,888,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,889,004 |
| Net assets without donor restrictions | $1,212,312 |
| 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 | $3,101,316 |