Kappa Delta Foundation Inc
- Assets
- $44.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Memphis, TN
- Founding
- 04/1984
- Data as of
- 07/2023
- EIN
- 84-0880886
Organization Overview
Kappa Delta Foundation Inc is located in Memphis, TN. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2023, Kappa Delta Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kappa Delta Foundation Inc 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 07/2023, Kappa Delta Foundation Inc generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $3.6m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kappa Delta Foundation Inc has awarded 87 individual grants totaling $8,255,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE KAPPA DELTA FOUNDATION IS TO SECURE FUNDS FOR THE EDUCATIONAL, LEADERSHIP AND CHARITABLE PURPOSES OF KAPPA DELTA SORORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED FINANCIAL GRANTS TO NONPROFIT ORGANIZATIONS WHOSE MISSION IS TO PROVIDE CHARITABLE SERVICES, LEADERSHIP PROGRAMMING AND/OR PROMOTE ACADEMIC EXCELLENCE.
THE FOUNDATION SUPPORTED COLLEGE EDUCATION BY AWARDING SCHOLARSHIPS AND FELLOWSHIPS AND BY PROVIDING EDUCATIONAL SEMINARS AND CONFERENCES. IN ADDITION, THE FOUNDATION ALSO PROVIDED ALUMNAE CRISIS GRANTS.
OTHER PROGRAM SERVICES INCLUDES SUPPLIES AND OTHER EXPENSES INCURRED IN CONNECTION WITH GRANTS TO CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Langford Chair | Trustee | 5 | $0 |
Michelle Rabideau Vice-Chair | Trustee | 5 | $0 |
Susan Mickelberg Secretary-Treasurer | Trustee | 5 | $0 |
Cheryl Sizer Board Member | Trustee | 5 | $0 |
Emily Feinstein Board Member | Trustee | 5 | $0 |
Brandi Harper Board Member | Trustee | 5 | $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 | $3,473,584 |
| Noncash contributions included in lines 1a–1f | $130,025 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,473,584 |
| Total Program Service Revenue | $0 |
| Investment income | $1,121,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $519,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,114,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,167,536 |
| Grants and other assistance to domestic individuals. | $887,265 |
| 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 | $479,009 |
| Pension plan accruals and contributions | $9,914 |
| Other employee benefits | $40,285 |
| Payroll taxes | $37,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,959 |
| Fees for services: Accounting | $23,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $149,590 |
| Fees for services: Other | $51,879 |
| Advertising and promotion | $169,159 |
| Office expenses | $46,835 |
| Information technology | $27,855 |
| Royalties | $0 |
| Occupancy | $138,656 |
| Travel | $177,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,000 |
| Insurance | $44,699 |
| All other expenses | -$7,893 |
| Total functional expenses | $3,611,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,242,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,239 |
| 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 | $58,155 |
| Net Land, buildings, and equipment | $66,000 |
| Investments—publicly traded securities | $40,823,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,237,442 |
| Accounts payable and accrued expenses | $1,260,586 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,260,586 |
| Net assets without donor restrictions | $23,482,748 |
| Net assets with donor restrictions | $19,494,108 |
| 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 | $44,237,442 |
Grants Awarded
Over the last fiscal year, Kappa Delta Foundation Inc has awarded $1,133,321 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AAOS PURPOSE: PROGRAM SUPPORT | $60,000 |
PCAA PURPOSE: PROGRAM SUPPORT | $440,899 |
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |
GIRL SCOUTS OF THE USA PURPOSE: PROGRAM SUPPORT | $100,000 |
KAPPA DELTA SORORITY PURPOSE: PROGRAM SUPPORT | $399,043 |
GEORGIA O'KEEFFE MUSEUM PURPOSE: PROGRAM SUPPORT | $9,200 |