Kappa Theta Alumni Association
- Assets
- $12.1k
- Revenue
- $8.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Dracut, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3759349
Organization Overview
Kappa Theta Alumni Association is located in Dracut, MA. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kappa Theta Alumni Association 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 12/2023, Kappa Theta Alumni Association generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $6.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FIVE SCHOLARSHIPS FOR ACTIVE MEMBERS OF THE PHI KAPPA THETA FRATERNITY.
PROVIDE SUPPORT FOR MEMBER EVENTS OF THE PHI KAPPA THETA FRATERNITY INCLUDING THE NEW MEMBER RECRUITMENT EFFORTS, ACTIVE MEMBER GRADUATION CEREMONY, AND THE SUMMER BROTHERHOOD BBQ EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Acorn President | 5 | $0 | |
Charles Roche Treasurer | 5 | $0 | |
Joseph Mello Secretary | 5 | $0 | |
Matthew Gilson Vice President | 5 | $0 | |
Jose Lopez Advisory | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,553 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,426 |
| Contributions, gifts, grants paid | $3,557 |
| Total expenses and disbursements | $5,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,088 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,088 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kappa Theta Alumni Association has awarded $3,557 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PHI KAPPA THETA PURPOSE: SUPPORT MEMBEREVENTS | $1,157 |
VICTOR OLIVEIRA PURPOSE: SCHOLARSHIP | $800 |
MAXIMUS GUERTIN PURPOSE: SCHOLARSHIP | $400 |
COLIN FARR PURPOSE: SCHOLARSHIP | $600 |
JONATHAN COOMBES PURPOSE: SCHOLARSHIP | $200 |
NICK PALMER PURPOSE: SCHOLARSHIP | $400 |