Kappa Sigma Fraternity
- Assets
- $49.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portales, NM
- Founding
- 12/1940
- Data as of
- 05/2024
- EIN
- 85-6016444
Organization Overview
Kappa Sigma Fraternity is located in Portales, NM. 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 $158.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $123.1k during the year ending 05/2024. While expenses have increased by 2.9% per year over the past 5 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
THE ORGANIZATION PROVIDED COMMUNITY SERVICE DURING VARIOUS EVENTS INCLUDING EASTERN IN ACTION, DUKE CITY MARATHON AND VARIOUS OTHER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aidan Etsitty President | 10 | $0 | |
Joseph S Johnson Vice President | 10 | $0 | |
Adan Carrillo Treasurer | 10 | $0 | |
Joseph Crume Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $64,722 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $59,306 |
| Other Revenue | $34,809 |
| Total Revenue | $158,837 |
| 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 | $2,068 |
| Occupancy, rent, utilities, and maintenance | $52,745 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,249 |
| Total expenses | $123,062 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,437 |
| Other assets | $0 |
| Total assets | $49,437 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,437 |