Kappa Alpha Theta Fraternity in Indianapolis, Indiana (IN)

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Kappa Alpha Theta Fraternity
Employer Identification Number (EIN)361305568
Name of OrganizationKappa Alpha Theta Fraternity
Address8740 Founders Rd, Indianapolis, IN 46268-1337
ActivitiesFraternity or sorority, Other services or benefits to members or employees
SubsectionPleasure, Recreational, or Social Club
Ruling Date10/1940
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$36,507,465
Amount of Income$15,697,198
Form 990 Revenue Amount$8,464,493
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Student Sororities, Fraternities


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Amount of income in 2014: $15,697,198
Kappa Alpha Theta Fraternity: 

 $15,697,198
Other organizations performing similar types of work: 

 $292,405

Assets in 2014: $36,507,465
Kappa Alpha Theta Fraternity: 

 $36,507,465
Other organizations performing similar types of work: 

 $864,497

Expenses in 2013: $5,649,926
This organization: 

 $5,649,926
Other organizations performing similar types of work: 

 $226,767

Income to expenses ratio in 2013: 2.8
This organization: 

 2.8
Other organizations performing similar types of work: 

 1.3

Number of employees in 2013: 44
This organization: 

 44
Other organizations performing similar types of work: 

 1

Employees paid over $100,000 in 2013: 9.1%
This organization: 

 9.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 10.3%
Kappa Alpha Theta Fraternity: 

 10.3%
Other organizations performing similar types of work: 

 2.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?YesYes
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoYes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10965642
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return4144
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?YesYes
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?YesYes
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$911,225$1,002,050$1,085,350
Gross receipts for public use of club facilities $0$0$127,286
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$259,095$265,561
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$38,094$43,184
Total number of individuals who received more than $100,000 of reportable compensation from the organization22
Total number of independent contractors who received more than $100,000 of compensation from the organization22
Statement of Revenue
201120122013
Total revenue$5,318,529$6,565,376$6,302,644
Contributions, Gifts, Grants and Other Similar Amounts$447,592$782,137$648,290
Program Service Revenue$4,002,805$4,890,004$4,279,410
900099$2,660,470$2,908,203
900099$846,780$425,780
900099$459,455$395,660
900099$414,200$198,264
Lessors of Nonresidential Buildings (except Miniwarehouses) $165,456$148,567
All other program service revenue$343,643$202,936
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$369,072$479,667$494,966
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$232,369$230,015$248,662
Net rental income$0$2,319$39,764
Gross rents (Real / Personal)$0 / $0$49,134 / $0$127,286 / $0
Less: rental expenses (Real / Personal)$0 / $0$46,815 / $0$87,522 / $0
Rental income or (loss) (Real / Personal)$0 / $0$2,319 / $0$39,764 / $0
Net gain/loss from sales of assets other than inventory$115,303$-33,357$327,652
Gross amount from sales of assets other than inventory (Securities / Other)$3,734,096 / $0$6,665,191 / $0$3,166,219 / $22,040
Less: cost or other basis and sales expenses (Securities / Other)$3,617,027 / $1,766$6,698,546 / $2$2,848,269 / $12,338
Gain or (loss) (Securities / Other)$117,069 / $-1,766$-33,355 / $-2$317,950 / $9,702
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$136,857$199,159$246,767
Gross sales of inventory, less returns and allowances$292,720$406,974$566,338
Less: cost of goods sold$155,863$207,815$319,571
Miscellaneous Revenue$14,531$15,432$17,133
541800$8,973$12,880
900099$6,459$4,253
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$4,916,131$5,751,747$5,649,926
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$64,606
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$166,920$176,607$188,032
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$1,185,915$1,341,871$1,548,012
Pension plan accruals and contributions$75,113$136,294
Other employee benefits$93,578$130,749
Payroll taxes$92,965$109,993$129,231
Fees for services (non-employees)
Management$0$0
Legal$17,207$12,883
Accounting$23,291$32,488
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$44,436$46,681
Other$25,979$62,530
Advertising and promotion$218,797$237,790
Office expenses$213,979$178,531
Information technology$581,393$665,412
Royalties$0$0
Occupancy$158,525$186,988
Travel$1,027,510$483,180
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$127,558$62,070
Interest$134,482$123,426
Payments to affiliates$0$0
Depreciation, depletion, and amortization$243,452$236,062
Insurance$0$0
Other expenses$374,149$156,876
Other expenses$146,081$353,805
Other expenses$136,684$104,903
Other expenses$100,968$85,276
Other expenses$380,094$424,101
Balance Sheet
201120122013
Total assets$28,477,417$31,615,724$33,584,860
Cash - non-interest-bearing$582,934$1,231,314
Savings and temporary cash investments$7,706,647$8,648,196
Pledges and grants receivable, net$0$0
Accounts receivable, net$321,921$268,969
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$2,293,826$2,254,927
Inventories for sale or use$28,972$29,464
Prepaid expenses and deferred charges$44,912$176,898
Land, buildings, and equipment: cost or other basis$6,364,972$6,244,313
Investments - publicly traded securities$13,397,075$13,820,345
Investments - other securities$845,580$889,546
Investments - program-related$0$0
Intangible assets$0$0
Other assets$28,885$20,888
Total liabilities$19,326,010$21,659,520$22,807,992
Accounts payable and accrued expenses$1,297,503$1,451,489
Grants payable$0$0
Deferred revenue$29,756$526,029
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$8,206,393$9,094,054
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$4,067,849$3,667,849$3,267,849
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$8,458,019$8,468,571
Total net assets or fund balances$9,151,407$9,956,204$10,776,868
Unrestricted net assets$9,829,535$10,611,428
Temporarily restricted net assets$126,669$165,440
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$2,664,499$3,782,047$2,985,432$3,725,637$3,528,785$4,085,144$3,674,720$6,007,049
Contributions, gifts, grants, and similar amounts received$326,821$327,869$436,911$345,634$372,113$407,378$384,550$1,071,974
Contributions to donor advised funds$0$0
Direct public support$0$0$0$345,634$372,113$407,378$384,550$1,071,974
Indirect public support$326,821$327,869$436,911$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$184,912$684,717$257,689$1,169,711$682,525$1,297,835$746,854$1,595,593
Membership dues and assessments$1,629,376$1,620,727$1,669,669$1,763,452$1,804,793$1,808,977$1,859,501$2,136,419
Interest on savings and temporary cash investments$30,412$13,125$9,701$1,783$1,974$5,353$2,325$635
Dividends and interest from securities$159,680$179,969$157,778$165,963$247,709$319,288$422,928$709,053
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$129,893$120,614$186,668$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-51,764$571,374$29,957$-2,558$183,870$0$-16,747$237,199
Gross amount from sales of assets other than inventory$4,778,991$5,822,309$1,103,066$682,656$1,824,047$0$2,193,553$2,007,501
Less: cost or other basis and sales expenses$4,830,755$5,250,935$1,073,109$685,214$1,640,177$0$2,210,300$1,770,302
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$153,578$184,126$182,162$160,927$156,859$149,949$150,587$154,001
Gross sales of inventory, less returns and allowances$205,115$221,452$234,463$202,095$199,868$190,983$197,352$280,799
Less: cost of goods sold$51,537$37,326$52,301$41,168$43,009$41,034$46,765$126,798
Other revenue$101,591$79,526$54,897$120,725$78,942$96,364$124,722$102,175
Total expenses$2,515,464$3,387,286$2,740,726$3,734,364$3,061,199$3,612,966$3,620,120$5,124,487
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$16,329
Net assets or fund balances at end of year$8,210,247$7,339,635$7,569,308$8,602,356$9,173,397$9,966,655$11,185,649$10,580,551
Excess or (deficit) for the year$149,035$394,761$244,706$-8,727$467,586$472,178$54,600$882,562
Net assets or fund balances at beginning of year$8,749,204$8,210,247$7,339,635$7,569,308$8,602,356$9,173,397$9,966,655$11,185,641
Other changes in net assets or fund balances$-687,992$-1,265,373$-15,033$1,041,775$103,455$321,080$1,164,394$-1,487,652
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,108,158$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$437
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$181,159$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,067,127$0$0$0
Pension plan contributions not included above$40,493$0$0$0
Employee benefits not included above$60,789$0$0$0
Payroll taxes$94,799$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$18,874$0$0$0
Legal fees$96,953$0$0$0
Supplies$69,527$0$0$0
Telephone$57,161$0$0$0
Postage and shipping$138,273$0$0$0
Occupancy$130,501$0$0$0
Equipment rental and maintenance$78,569$0$0$0
Printing and publications$89,693$0$0$0
Travel$738,488$0$0$0
Conferences, conventions, and meetings$556,160$0$0$0
Interest$262,040$0$0$0
Depreciation, depletion, etc.$246,013$0$0$0
Other expenses not covered above$1,181,102$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$10,651,353$13,291,400$13,335,607$14,802,953$14,874,410$15,790,458$20,880,420$20,198,941
Cash - non-interest-bearing$481,461$1,248,879$1,385,065$0$0$0$0$0
Savings and temporary cash investments$0$0$0$1,027,198$783,692$563,490$856,587$1,779,356
Accounts receivable less allowance for doubtful accounts$173,977$175,369$165,116$129,654$102,333$146,337$259,070$325,652
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$2,546,181$3,677,607$3,936,145$4,323,315$4,443,770$4,454,535$4,308,286$3,199,213
Inventories for sale or use$5,433$9,122$6,420$4,664$10,765$10,125$12,888$17,027
Prepaid expenses and deferred charges$17,026$65,757$62,825$0$2,500$8,515$36,860$66,835
Investments - publicly-traded securities$14,150,685$0
Investments - other securities$6,984,681$7,773,821$7,538,849$9,024,994$9,256,064$10,299,166$0$10,352,566
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$442,594$340,845$241,187$229,953$223,579$308,290$1,134,104$4,344,485
Other assets, including program-related investments$0$0$0$63,175$51,707$0$121,940$113,807
Total liabilities$2,441,106$5,951,765$5,766,299$6,200,597$5,701,013$5,823,803$9,694,771$9,618,390
Accounts payable and accrued expenses$74,935$654,789$250,490$576,849$173,108$696,170$444,248$1,044,211
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$115,306$0$211,876$0$245,828$29,288$277,161$87,376
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$488,000$4,000,000$4,107,831$4,123,908$3,724,436$3,402,023$5,758,211$5,320,000
Other liabilities$1,762,865$1,296,976$1,196,102$1,499,840$1,557,641$1,696,322$3,215,151$3,166,803
Total liabilities and net assets/fund balances$10,651,353$13,291,400$13,335,607$14,802,953$14,874,410$15,790,458$20,880,420$20,198,941
Total net assets or fund balances$8,210,247$7,339,635$7,569,308$8,602,356$9,173,397$9,966,655$11,185,649$10,580,551
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$2,664,499$3,782,047$2,985,432$3,725,637$3,528,785$4,085,144$3,674,720$6,007,049
Total revenue, gains, and other support per audited financial statements$1,995,101$2,532,464$3,025,728$4,679,091$3,617,117$4,435,559$4,873,023$4,630,540
Other expenses$-666,735$-1,246,973$41,156$958,894$110,394$362,114$1,211,159$-1,360,854
Net unrealized gains on investments$-687,992$-1,265,373$39,689$917,726$110,394$321,080$1,164,394$-1,487,652
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$21,257$18,400$1,467$41,168$0$41,034$46,765$126,798
Other revenue$2,663$2,610$860$5,440$22,062$11,699$12,856$15,655
Investment expenses$0$0$0$5,440$11,129$11,699$12,856$15,655
Other$2,663$2,610$860$0$10,933$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$2,515,464$3,387,286$2,740,726$3,734,364$3,061,199$3,612,966$3,620,120$5,124,487
Total expenses and losses per audited financial statements$2,534,058$3,403,076$2,741,333$3,770,092$3,039,137$3,642,301$3,654,029$5,235,630
Other revenue$-2,663$18,400$1,467$41,168$-10,933$41,034$46,765$126,798
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$-2,663$18,400$1,467$41,168$-10,933$41,034$46,765$126,798
Other expenses$-21,257$2,610$860$5,440$11,129$11,699$12,856$15,655
Investment expenses$0$0$0$5,440$11,129$11,699$12,856$15,655
Other$-21,257$2,610$860$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$148,176$32,983$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$834,400
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200630
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$131,941$905,514$3,897,620
Program service revenue
Program service revenue 1000000$000$0$883,026
Program service revenue 2Lessors of nonresidential buildings (except miniwarehouses)$18,00000$0$132,000
Program service revenue 3000000$000$0$316,106
Program service revenue 4000000$000$0$211,593
Program service revenue 5000000$000$0$34,868
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$2,136,419
Interest on savings and temporary cash investments000000$0Section 501(c)(7), (9), or (17) organization - Non-exempt function income set aside for a charitable, etc., purpose specified in section 170(c)(4) (section 512(a)(3)(B)(i))$635$0
Dividends and interest from securitiesInvestment activities of section 501(c)(7), (9), or (17) organizations$112,016Section 501(c)(7), (9), or (17) organization - Non-exempt function income set aside for a charitable, etc., purpose specified in section 170(c)(4) (section 512(a)(3)(B)(i))$597,037$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Section 501(c)(7), (9), or (17) organization - Non-exempt function income set aside for a charitable, etc., purpose specified in section 170(c)(4) (section 512(a)(3)(B)(i))$237,199$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$154,001
Other revenueAdvertising and related services$1,925Section 501(c)(7), (9), or (17) organization - Non-exempt function income set aside for a charitable, etc., purpose specified in section 170(c)(4) (section 512(a)(3)(B)(i))$70,643$29,607
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation3450 Founders Rd, Indianapolis, IN 46268-1334IN1941-05$18,839,129
2Kappa Alpha Theta Fraternity8740 Founders Rd, Indianapolis, IN 46268-1337IN1940-10$15,697,198
3Alpha Phi International Fraternity Inc4201 Grant Line Road, New Albany, IN 47150IN1949-02$11,097,918
4Alpha Chi Omega National Housing Corporation5939 Castle Creek Parkway North Dr, Indianapolis, IN 46250-4343IN1996-09$8,492,374
5Phi Delta Theta Fraternity, Phi Delta Theta Indiana Lambda3600 University Blvd, Evansville, IN 47712IN1937-03$7,618,880
6Sigma Kappa National Housing Corporation695 Pro-Med Ln, Carmel, IN 46032-5323IN1994-03$6,721,269
7Delta Tau Delta Fraternity10000 Allisonville Rd, Fishers, IN 46038-2008IN1940-09$5,043,726
8Richmond Property Group Ltd1 N Pennsylvania St Ste 12, Indianapolis, IN 46204-3112IN2002-06$4,870,285
9Alpha Sigma Alpha Sorority9002 Vincennes Cir, Indianapolis, IN 46268-3018IN1947-01$3,737,751
10Delta Upsilon International Fraternity Inc8705 Founders Rd, Indianapolis, IN 46268-1338IN1996-05$3,248,275
11Zeta Beta Tau Fraternity, Alpha Mu Chapter4626 21st Ave Ne, Seattle, WA 98105-3327WA1940-10$297,255
12Honor Society Of Phi Kappa PhiUncw 601 South College Road, Wilmington, NC 28403NC1999-01$1,190
13Honor Society Of Phi Kappa Phi1220 First Ave Ne, Cedar Rapids, IA 52402IA1999-01$400
14Honor Society Of Phi Kappa PheOne Main Street, Houston, TX 77002-1001TX1999-01$0
15Honor Society Of Phi Kappa Phi2101 E Coliseum Blvd, Fort Wayne, IN 46805IN1999-01$0
16Honor Society Of Phi Kappa Phi2800 University Boulevard North, Jacksonville, FL 32211FL1999-01$0
17Honor Society Of Phi Kappa Phi953 Danby Road, Ithaca, NY 14850NY1999-01$0
18Honor Society Of Phi Kappa Phi1500 N Warner Cmb 1061, Tacoma, WA 98416WA1999-01$0
19Honor Society Of Phi Kappa Phi1400 Townsend Drive, Houghton, MI 49931MI1999-01$0
20Honor Society Of Phi Kappa Phi, Honor Society Of Phi Kappa Phi University Of EvansvilleUniv Of Evansville 1800 Lincoln Ave, Evansville, IN 47722IN1999-01$0
Number of organizations performing similar types of work
Alaska1
Alabama10
Arkansas2
Arizona4
California18
Colorado6
Connecticut2
District of Columbia2
Florida11
Georgia20
Hawaii1
Iowa5
Idaho1
Illinois23
Indiana35
Kansas14
Kentucky7
Louisiana16
Massachusetts8
Maryland9
Maine3
Michigan11
Minnesota2
Missouri16
Mississippi2
Montana3
North Carolina11
North Dakota1
Nebraska4
New Hampshire1
New Jersey3
New Mexico2
Nevada2
New York15
Ohio14
Oklahoma4
Oregon5
Pennsylvania21
Rhode Island2
South Carolina3
South Dakota2
Tennessee13
Texas18
Utah1
Virginia6
Washington11
Wisconsin5
West Virginia1
Wyoming2
International1
Total380
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralKappa Alpha Theta Fraternity8740 Founders Rd, Indianapolis, IN 46268-1337IN1940-10$15,697,198
SubordinateKappa Alpha Theta Fraternity, Alpha Chi Facility Corp Of Kappa8740 Founders Rd, Indianapolis, IN 46268-1337IN1940-10$677,280
SubordinateKappa Alpha Theta Fraternity, Delta Chapter8740 Founders Rd, Indianapolis, IN 46268-1337IN1940-10$202,631
SubordinateKappa Alpha Theta Fraternity, Alpha Eta Facility Corporation8740 Founders Rd, Indianapolis, IN 46268-1337IN1940-08$92,355
SubordinateKappa Alpha Theta Fraternity, Group Return8740 Founders Rd, Indianapolis, IN 46268-1337IN1940-10$45,408,602
SubordinateKappa Alpha Theta Fraternity, Alpha Omicron House CorporationPO BOX 722171, Norman, OK 73070-8645OK1940-10$480,359
SubordinateKappa Alpha Theta Fraternity, Iota House Corp Of Kappa Alpha Thet519 Stewart Ave, Ithaca, NY 14850-3848NY$157,938
SubordinateKappa Alpha Theta Fraternity, Gamma Phi House CorporationVanda Pauwels 4601 23rd Street, Lubbock, TX 79407TX1940-10$117,664
SubordinateKappa Alpha Theta Fraternity, Minnesota Kappa Alpha Theta Assoc8740 Founders Rd, Indianapolis, IN 46268-1337IN1960-10$89,417
SubordinateKappa Alpha Theta Fraternity, Denver Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1955-08$38,155
SubordinateKappa Alpha Theta Fraternity8740 Founders Road, Indianapolis, IN 46268IN1940-10$30,782
SubordinateKappa Alpha Theta Fraternity, San Antonio Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1940-10$7,810
SubordinateKappa Alpha Theta Fraternity, Epsilon Eta2021 Bainbridge Row Dr, Louisville, KY 40207-1211KY1940-10$7,394
SubordinateKappa Alpha Theta Fraternity, Fairfield County Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1940-10$7,285
SubordinateKappa Alpha Theta Fraternity, El Paso Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1940-10$784
SubordinateKappa Alpha Theta Fraternity, Long Beach Alumnae Circle8740 Founders Road, Indianapolis, IN 46268IN1940-10$0
SubordinateKappa Alpha Theta Fraternity, Gamma Deuteron179 W Winter St, Delaware, OH 43015-2451OH1940-10$0
SubordinateKappa Alpha Theta Fraternity, Houston Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1955-08$0
SubordinateKappa Alpha Theta Fraternity, Lafayette-Acadiana Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1940-10$0
SubordinateKappa Alpha Theta Fraternity, Columbia Area Sc Alumnae Chapter8740 Founders Road, Indianapolis, IN 46268IN1940-10$0
Number of affiliated organizations
Alabama2
Arizona2
California18
Colorado4
Connecticut3
Delaware1
Florida5
Georgia2
Iowa3
Idaho2
Illinois5
Indiana211
Kansas3
Kentucky4
Louisiana2
Massachusetts4
Maryland3
Michigan3
Minnesota1
Missouri3
Mississippi2
Montana1
North Carolina6
North Dakota2
Nebraska1
New Jersey1
Nevada1
New York5
Ohio9
Oklahoma4
Oregon1
Pennsylvania9
Rhode Island1
South Carolina4
South Dakota1
Tennessee2
Texas9
Virginia6
Washington5
Wisconsin2
Total353

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