Kappa Alpha Theta Fraternity
- Assets
- $35.9m
- Revenue
- $8.1m
- Investments
- $320.9k
- Employees
- 62
- Location
- Indianapolis, IN
- Founding
- 10/1940
- Data as of
- 06/2023
- EIN
- 36-1305568
Organization Overview
Kappa Alpha Theta Fraternity is located in Indianapolis, IN. 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 06/2023, Kappa Alpha Theta Fraternity employed 62 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kappa Alpha Theta 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, Kappa Alpha Theta Fraternity generated $8.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KAPPA ALPHA THETA NURTURES EACH MEMBER THROUGHOUT HER LIFETIME, OFFERING OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES PROVIDE EDUCATIONAL AND SOCIAL ACTIVITIES FOR ALL MEMBERS. THESE SERVICES INCLUDE THE EDUCATIONAL LEADERSHIP CONSULTANT PROGRAM, MEMBER ORIENTATION, SISTERS SUPPORTING SISTERS, EMERGING LEADERS INSTITUTE, LEADERSHIP ACADEMY, SERVICE TRIPS AND ALCOHOL SKILLS TRAINING PROGRAMS.
LEADERSHIP CONFERENCES PROVIDE PROGRAMMING EDUCATION AND SUPPORT FOR ITS MEMBERS TO ENHANCE THEIR INDIVIDUAL, INTELLECTUAL, CHARACTER, AND LEADERSHIP SKILLS.
RISK MANAGEMENT PROVIDES INSURANCE PROTECTION AGAINST LIABILITY AND CASUALTY.
GRAND CONVENTION IS HELD TO:1. ELECT THE MEMBERS OF GRAND COUNCIL.2. ESTABLISH THE BASIC OBJECTIVES AND POLICIES OF KAPPA ALPHA THETA, INCLUDING THE CHARITABLE, EDUCATIONAL, AND SERVICE OBJECTIVES THEREOF.3. DETERMINE THE QUALIFICATIONS FOR FRATERNITY MEMBERSHIP.4. SET THE STANDARDS GOVERNING THE CONDUCT AND DISCIPLINE OF MEMBERS AND CHAPTERS.5. ESTABLISH THE ORGANIZATIONAL STRUCTURE OF THE FRATERNITY AND THE PRINCIPAL FUNCTIONS, RESPONSIBILITIES, AND RELATIONSHIPS OF THE OFFICERS, DISTRICTS, CHAPTERS, CORPORATIONS, AND OTHER UNITS.6. PROVIDE FOR THE CREATION OF REVENUES NECESSARY TO THE ATTAINMENT OF FRATERNITY OBJECTIVES AND THE PROPER CONDUCT OF ITS AFFAIRS, FIX GENERAL FRATERNITY FEES AND DUES, AND PROVIDE FOR THE MANAGEMENT OF FRATERNITY FUNDS AND PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica D'angelo Ochs President | OfficerTrustee | 18 | $0 |
Jane Shepherd Dick Vice President | OfficerTrustee | 10 | $0 |
Nicole Frank Vice President | OfficerTrustee | 10 | $0 |
Tina Villarete Tran Vice President | OfficerTrustee | 10 | $0 |
Catherine Lock Bibb Vice President | OfficerTrustee | 10 | $0 |
Laura Richardson Bright Vice President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Billhighway Billing & Collections | 6/29/23 | $287,256 |
Chapter Spot Website Platform | 6/29/23 | $258,254 |
Tilson Mso Inc Payroll Services | 6/29/23 | $131,382 |
Vorys Sater Seymour And Pease Legal Services | 6/29/23 | $114,988 |
Royal Printing Co Magazine Printing Services | 6/29/23 | $114,356 |
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 | $431,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,804 |
| Total Program Service Revenue | $6,528,207 |
| Investment income | $718,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $332,187 |
| Net Rental Income | $108,806 |
| Net Gain/Loss on Asset Sales | -$329,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $228,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,145,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $76,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $677,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,738,009 |
| Pension plan accruals and contributions | $320,604 |
| Other employee benefits | $574,519 |
| Payroll taxes | $224,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,767 |
| Fees for services: Accounting | $33,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,684 |
| Fees for services: Other | $26,405 |
| Advertising and promotion | $175,647 |
| Office expenses | $124,541 |
| Information technology | $862,177 |
| Royalties | $0 |
| Occupancy | $68,815 |
| Travel | $902,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $461,969 |
| Interest | $79,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,543 |
| Insurance | $0 |
| All other expenses | $174,184 |
| Total functional expenses | $7,622,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,101,231 |
| Savings and temporary cash investments | $4,988,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $303,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,387,858 |
| Inventories for sale or use | $72,807 |
| Prepaid expenses and deferred charges | $246,809 |
| Net Land, buildings, and equipment | $1,459,800 |
| Investments—publicly traded securities | $20,022,378 |
| Investments—other securities | $320,872 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,080 |
| Total assets | $35,939,184 |
| Accounts payable and accrued expenses | $2,475,809 |
| Grants payable | $0 |
| Deferred revenue | $1,174,122 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,374,481 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $719,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,613,097 |
| Total liabilities | $20,356,979 |
| Net assets without donor restrictions | $15,497,193 |
| Net assets with donor restrictions | $85,012 |
| 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 | $35,939,184 |