Kappa Sigma Fraternity Building Association
- Assets
- $1.8m
- Revenue
- $623.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 05/1941
- Data as of
- 05/2023
- EIN
- 39-6089111
Organization Overview
Kappa Sigma Fraternity Building Association is located in Waukesha, WI. The organization was established in 1941. 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. Kappa Sigma Fraternity Building Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 05/2023, Kappa Sigma Fraternity Building Association generated $623.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $364.0k during the year ending 05/2023. 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 SIGMA BUILDING ASSOCIATION PROVIDES ROOM AND BOARD TO THE MEMBERS OF THE KAPPA SIGMA FRATERNITY - BETA EPSILON CHAPTER AT THE UNIVERSITY OF WISCONSIN-MADISON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAPPA SIGMA BUILDING ASSOCIATION PROVIDES ROOM AND BOARD TO THE MEMBERS OF THE KAPPA SIGMA FRATERNITY - BETA EPSILON CHAPTER AT THE UNIVERSITY OF WISCONSIN-MADISON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Guerin President | OfficerTrustee | 5 | $0 |
Steven Propp Treasurer | OfficerTrustee | 5 | $0 |
Mike Kelch Secretary | OfficerTrustee | 5 | $0 |
John Birbaum Member | Trustee | 1 | $0 |
John Wellford Member | Trustee | 1 | $0 |
Brett Michael Eliasen Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $617,709 |
| Investment income | $4,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $623,798 |
| 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 | $46,973 |
| Fees for services: Legal | $280 |
| Fees for services: Accounting | $3,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,814 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,522 |
| Insurance | $38,268 |
| All other expenses | $25 |
| Total functional expenses | $363,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,539 |
| Savings and temporary cash investments | $522,131 |
| 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 | $2,425 |
| Net Land, buildings, and equipment | $1,121,632 |
| Investments—publicly traded securities | $121,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $235 |
| Other assets | $0 |
| Total assets | $1,789,072 |
| Accounts payable and accrued expenses | $0 |
| 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 | $530,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,315 |
| Total liabilities | $561,110 |
| Net assets without donor restrictions | $0 |
| 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 | $1,227,962 |
| Total liabilities and net assets/fund balances | $1,789,072 |