Kappa Delta Sorority Inc
- Assets
- $74.4m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 67
- Location
- Memphis, TN
- Founding
- 04/1945
- Data as of
- 07/2023
- EIN
- 44-0500006
Organization Overview
Kappa Delta Sorority Inc is located in Memphis, TN. The organization was established in 1945. 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 07/2023, Kappa Delta Sorority Inc employed 67 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kappa Delta Sorority Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Kappa Delta Sorority Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $8.6m during the year ending 07/2023. While expenses have increased by 3.8% per year over the past 8 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
KAPPA DELTA SORORITY IS A NATIONAL ORGANIZATION FOR WOMEN. THE SORORITY IS COMMITTED TO PROVIDING EXPERIENCES THAT BUILD CONFIDENCE IN OUR MEMBERS AND INSPIRE THEM TO ACTION THROUGH THE POWER OF LIFELONG FRIENDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER SERVICES: THE SORORITY PROVIDES SERVICES TO ITS CHAPTERS INCLUDING REGULAR STAFF VISITS AND CALLS, PUBLICATIONS AND RESOURCES, OVERSIGHT, AND GUIDANCE.
ALUMNAE SERVICES: THE SORORITY PROVIDES SERVICES TO APPROXIMATELY 170 ALUMNAE ASSOCIATIONS PRIMARILY THROUGH THE MAINTENANCE AND UPDATING OF MEMBERSHIP RECORDS.
MEMBERSHIP PUBLICATION: THE SORORITY PUBLISHES A MEMBERSHIP PUBLICATION WHICH CONTAINS BOTH EDUCATIONAL AND SORORITY SPECIFIC INFORMATION. APPROXIMATELY 199,000 MEMBERS RECEIVE THE PUBLICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stocton National President | Trustee | 10 | $1,000 |
Emily Feinstein National Vice President | Trustee | 10 | $1,300 |
Julie Wendell National Vice President - Collegians | Trustee | 10 | $0 |
Laura Beth Mckew National Vice President - Membership | Trustee | 10 | $1,100 |
Rhonda Giedt National Vice President - Alumnae | Trustee | 10 | $0 |
Sarah Dubbert National Vice President - Finance | Trustee | 10 | $600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Technology Solutions Inc It Consulting | 7/30/20 | $205,320 |
Sheraton Dallas Biannual National Convention | 7/30/20 | $682,629 |
Omega Fi Web Based It System Used By Chapter | 7/30/20 | $122,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,749,096 |
| Fundraising events | $0 |
| Related organizations | $321,840 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,125,461 |
| Total Program Service Revenue | $1,060,113 |
| Investment income | $1,526,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $399,007 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $658,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $93,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,863,121 |
| 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. | $443,269 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,639,404 |
| Pension plan accruals and contributions | $80,953 |
| Other employee benefits | $181,550 |
| Payroll taxes | $239,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,631 |
| Fees for services: Accounting | $46,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,386 |
| Fees for services: Other | $183,656 |
| Advertising and promotion | $609,970 |
| Office expenses | $612,250 |
| Information technology | $999,611 |
| Royalties | $0 |
| Occupancy | $297,589 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,181,909 |
| Interest | $38,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $427,500 |
| Insurance | $387,933 |
| All other expenses | $39,761 |
| Total functional expenses | $8,577,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,960,869 |
| Savings and temporary cash investments | $508,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,857,100 |
| Inventories for sale or use | $12,952 |
| Prepaid expenses and deferred charges | $235,271 |
| Net Land, buildings, and equipment | $2,686,943 |
| Investments—publicly traded securities | $50,249,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,794,925 |
| Total assets | $74,447,105 |
| Accounts payable and accrued expenses | $1,430,957 |
| Grants payable | $0 |
| Deferred revenue | $235,962 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,379,596 |
| Total liabilities | $10,046,515 |
| Net assets without donor restrictions | $64,400,590 |
| 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 | $74,447,105 |