Alpha-Sigma Of Kappa Sigma Education Foundation
- Assets
- $248.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 12/2015
- Data as of
- 12/2020
- EIN
- 47-1953285
Organization Overview
Alpha-Sigma Of Kappa Sigma Education Foundation is located in Columbus, OH. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha-Sigma Of Kappa Sigma Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Alpha-Sigma Of Kappa Sigma Education Foundation generated $25.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $27.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO AID, ENCOURAGE, PROMOTE, AND CONTRIBUTE TO THE EDUCATION AND WELFARE OF PAST, CURRENT AND FUTURE MEMBERS OF THE ALPHA SIGMA CHAPTER OF THE KAPPA SIGMA FRATERNITY, A NONPROFIT ORGANIZATION, AT THE OHIO STATE UNIVERSITY, AND OTHER PERSONS ENROLLED AS STUDENTS AT ANY COLLEGE OR UNIVERSITY IN NORTH AMERICA AND PARTICULARLY IN THOSE COLLEGES AND UNIVERSITIES WHERE THE FRATERNITY IS ACTIVE; TO PROMOTE THE SCHOLARSHIP, CHARACTER AND MORALITY OF, AND PROVIDE EDUCATIONAL OPPORTUNITIES AND FACILITIES FOR SUCH STUDENTS; TO FURTHER SOUND LEARNING BY THE ESTABLISHMENT OR FINANCING OF FELLOWSHIPS AND SCHOLARSHIP INCENTIVES AND AWARDS FOR THE BENEFIT OF SUCH STUDENTS.
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDED A 88,450 GRANT TO THE KAPPA SIGMA HOUSE COMPANY TO ASSIST ITS RENOVATIONS NEEDED TO BECOME COMPLIANT WITH MODERN STUDENT HOUSING STANDARDS. THE GRANT WAS SPECIFICALLY EARMARKED FOR USE IN RENOVATION OF STUDY AREAS AND OTHER ACADEMIA ASPECTS OF THE HOUSING ENVIRONMENT.
THE FOUNDATION PROVIDED A 2,500 SCHOLARSHIP FOR THE BENEFIT OF AN ELIGIBLE STUDENT AT THE OHIO STATE UNIVERSITY. THE FUNDS WERE REMITTED TO THE BURSAR'S OFFICE AND APPLIED TO THE STUDENT'S ACCOUNT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Shuler President | 6 | $0 | |
Daryl Niven Vice Preside | 2 | $0 | |
Doug Kinsey Treasurer | 2 | $0 | |
Zach Parkins Secretary | 2 | $0 | |
Raymond Lee Vice Preside | 2 | $0 | |
John Hart Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,983 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,651 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,634 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,306 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $141 |
| Total expenses | $27,447 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $248,902 |
| Other assets | $0 |
| Total assets | $248,902 |
| Total liabilities | $0 |
| Net assets or fund balances | $248,902 |