Kappa Sigma Fraternity
- Assets
- $22.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 12/1940
- Data as of
- 05/2024
- EIN
- 57-6036400
Organization Overview
Kappa Sigma Fraternity is located in Spartanburg, SC. The organization was established in 1940. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Kappa Sigma Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Kappa Sigma Fraternity generated $147.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $129.2k during the year ending 05/2024. While expenses have increased by 16.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawson Taliaferro President - Gm | 10 | $0 | |
Daniel Alexander Vice President - Gp | 10 | $0 | |
Sam Turnipseed Secretary - Gs | 10 | $0 | |
Johnson Jolly Treasurer - Gt | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,661 |
| Total Program Service Revenue | $0 |
| Membership dues | $127,291 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,952 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $124,232 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $129,232 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,555 |
| Other assets | $0 |
| Total assets | $22,555 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,555 |