Kappa Alpha Order
- Assets
- $4.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 41
- Location
- Lexington, VA
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 58-0310956
Organization Overview
Kappa Alpha Order is located in Lexington, VA. 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 06/2022, Kappa Alpha Order employed 41 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kappa Alpha Order is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Kappa Alpha Order generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGIATE SOCIAL FRATERNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISK MANAGEMENT PROGRAM
ASSOCIATE DIRECTORS OF CHAPTER SERVICES
EXPANSION & CHAPTER DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Douglas Simmons III Knight Commander | OfficerTrustee | 0 | $0 |
King V Aiken Jr Senior Councilor | OfficerTrustee | 0 | $0 |
Stephen Lafollette Councilor | Trustee | 0 | $0 |
L Blair Bailey Councilor | Trustee | 0 | $0 |
Malcolm H Liles Councilor | Trustee | 0 | $0 |
David T Martineau V Councilor | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $275,770 |
| 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 | $275,770 |
| Total Program Service Revenue | $4,892,764 |
| Investment income | $28,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $110,678 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,841 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,326,752 |
| 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. | $139,480 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,434,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $231,334 |
| Payroll taxes | $114,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,846 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,147 |
| Fees for services: Other | $0 |
| Advertising and promotion | $847 |
| Office expenses | $66,456 |
| Information technology | $76,089 |
| Royalties | $0 |
| Occupancy | $116,963 |
| Travel | $76,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $512,044 |
| Interest | $3,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,896 |
| Insurance | $704,355 |
| All other expenses | $140,659 |
| Total functional expenses | $4,984,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $346,565 |
| Inventories for sale or use | $223,745 |
| Prepaid expenses and deferred charges | $211,447 |
| Net Land, buildings, and equipment | $1,711,755 |
| Investments—publicly traded securities | $595,608 |
| Investments—other securities | $0 |
| Investments—program-related | $189,922 |
| Intangible assets | $0 |
| Other assets | $553,488 |
| Total assets | $4,493,264 |
| Accounts payable and accrued expenses | $557,375 |
| Grants payable | $0 |
| Deferred revenue | $638,520 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,800,740 |
| Total liabilities | $3,146,635 |
| Net assets without donor restrictions | $1,346,629 |
| 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 | $4,493,264 |
Grants Awarded
Over the last fiscal year, Kappa Alpha Order has awarded $193,615 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KAPPA ALPHA GAMMA EPSILON HOUSE CORPORATION PURPOSE: MAINTENANCE | $162,850 |
DELTA LAMBDA CHAPTER OF KAPPA ALPHA ORDER HOME BENEFIT CORPORATION PURPOSE: MAINTENANCE | $22,065 |
EPSILON KAPPA CHAPTER OF KAPPA ALPHA ORDER PURPOSE: DEBT REDUCTION | $8,700 |