Kappa Sigma Fraternity in Amherst, Massachusetts (MA)

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Kappa Sigma Fraternity
Employer Identification Number (EIN)131714532
Name of OrganizationKappa Sigma Fraternity
In Care of NameChad Bolotin
Address675 Main Street Unit 2, Amherst, MA 01002
ActivitiesFraternity or sorority, Other services or benefits to members or employees, Sick, accident, death, or similar benefits
SubsectionPleasure, Recreational, or Social Club
Ruling Date12/1978
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$6,428,655
Amount of Income$6,042,850
Form 990 Revenue Amount$4,997,982
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Student Sororities, Fraternities


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Amount of income in 2013: $6,042,850
This organization: 

 $6,042,850
Other organizations performing similar types of work: 

 $292,405

Assets in 2013: $6,428,655
Kappa Sigma Fraternity: 

 $6,428,655
Other organizations performing similar types of work: 

 $864,497

Expenses in 2013: $0
Kappa Sigma Fraternity: 

 $0
Other organizations performing similar types of work: 

 $226,767

Number of employees in 2002: 16
Kappa Sigma Fraternity: 

 16
Other organizations performing similar types of work: 

 1

Grants share in income in 2013: -,nan,(ind)%
Kappa Sigma Fraternity: 

 -,nan,(ind)%
Other organizations performing similar types of work: 

 2.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$168,941$0
Total expenses$169,893$0
Total net assets$0$0
Balance Sheets
20122013
Total assets$0$0
Total liabilities$0$0
Net assets or fund balances$0$0
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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
200020012002
Total revenue$2,652,168$2,705,050$3,054,599
Contributions, gifts, grants, and similar amounts received$53,418$363$150,000
Contributions to donor advised funds
Direct public support$53,418$363$150,000
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$1,074,827$1,224,346$1,564,270
Membership dues and assessments$1,188,505$1,258,064$1,229,743
Interest on savings and temporary cash investments$14,932$5,868$0
Dividends and interest from securities$149,896$118,076$83,009
Net rental income or (loss)$0$0$504
Gross rents$0$0$2,485
Less: rental expenses$0$0$1,981
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$62,083$34,917$-100,218
Gross amount from sales of assets other than inventory$862,620$2,560,105$4,058,463
Less: cost or other basis and sales expenses$800,537$2,525,188$4,158,681
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$-2,786$-36,097$-42,730
Gross sales of inventory, less returns and allowances$59,592$81,373$32,151
Less: cost of goods sold$62,378$117,470$74,881
Other revenue$111,293$99,513$170,021
Total expenses$2,792,836$3,558,678$3,421,421
Program services$0$0$0
Management and general$0$0$0
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$4,645,682$3,384,764$3,140,613
Excess or (deficit) for the year$-140,668$-853,628$-366,822
Net assets or fund balances at beginning of year$5,023,870$4,645,682$3,384,764
Other changes in net assets or fund balances$-237,520$-407,290$122,671
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,421,421$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$142,789$0$0$0
Compensation of former officers, directors, key employees, etc.
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)
Salaries and wages of employees not included above$333,588$0$0$0
Pension plan contributions not included above$27,869$0$0$0
Employee benefits not included above$75,454$0$0$0
Payroll taxes$33,133$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$74,302$0$0$0
Legal fees$750$0$0$0
Supplies$77,253$0$0$0
Telephone$23,894$0$0$0
Postage and shipping$166,493$0$0$0
Occupancy$124,615$0$0$0
Equipment rental and maintenance$20,650$0$0$0
Printing and publications$134,601$0$0$0
Travel$207,275$0$0$0
Conferences, conventions, and meetings$230,015$0$0$0
Interest$19,638$0$0$0
Depreciation, depletion, etc.$63,298$0$0$0
Other expenses not covered above$1,665,804$0$0$0
Balance Sheets
200020012002
Total assets$5,401,872$4,724,965$4,415,667
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$738,748$717,866$187,484
Accounts receivable less allowance for doubtful accounts$82,307$105,505$165,054
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$579,414$415,418$403,128
Inventories for sale or use$85,185$0$0
Prepaid expenses and deferred charges$292,985$882,231$795,351
Investments - publicly-traded securities
Investments - other securities$3,334,035$2,402,753$2,450,517
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$132,052$82,613$155,709
Other assets, including program-related investments$157,146$118,579$258,424
Total liabilities$756,190$1,340,201$1,275,054
Accounts payable and accrued expenses$71,888$104,279$75,176
Grants payable$0$0$0
Deferred revenue$219,246$141,359$209,619
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$576,480
Other liabilities$465,056$1,094,563$413,779
Total liabilities and net assets/fund balances$5,401,872$4,724,965$4,415,667
Total net assets or fund balances$4,645,682$3,384,764$3,140,613
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$2,652,168$2,705,050$3,054,599
Total revenue, gains, and other support per audited financial statements$2,477,026$2,415,230$3,188,869
Other expenses$0$0$134,270
Net unrealized gains on investments$0$0$57,408
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$76,862
Other revenue$175,142$289,820$0
Investment expenses$0$0$0
Other$175,142$289,820$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$2,792,836$3,558,678$3,421,421
Total expenses and losses per audited financial statements$2,855,214$3,676,148$3,498,283
Other revenue$62,378$117,471$76,862
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$62,378$117,471$76,862
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?
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?
Does the organization have a written conflict of interest policy?
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$442,350
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)?
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?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200616
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$39,270$68,631$2,796,698
Program service revenue
Program service revenue 1000000$000$0$1,284,383
Program service revenue 2000000$000$0$121,833
Program service revenue 3000000$000$0$56,486
Program service revenue 4000000$000$0$101,568
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$1,229,743
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securitiesInvestment activities of section 501(c)(7), (9), or (17) organizations$12,266Section 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))$70,743$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed propertyRental and leasing services$50400$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$0Section 501(c)(7), (9), or (17) organization - Non-exempt function income set aside for a charitable, etc., purpose specified in section 170(c)(4) (section 512(a)(3)(B)(i))$-102,442$2,224
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$-42,730
Other revenueInvestment activities of section 501(c)(7), (9), or (17) organizations$26,500Section 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))$100,330$43,191
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
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 2002)
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 2002)
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
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
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
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$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
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
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
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
1Kappa Sigma Fraternity675 Main Street Unit 2, Amherst, MA 01002MA1978-12$6,042,850
2Alumni Assoc Of Alpha Mu Chapter Of Phi Kappa Sigma Fraternity Inc, Alumni Assoc Of Alpha Mu Chapter8 Avon Rd, Wellesley, MA 02482-4650MA1993-09$590,926
3Phi Sigma Kappa, 115 Omicron Chapter487 Commonwealth Ave, Boston, MA 02215-2204MA1968-09$573,780
4A D Club1 Plympton St, Cambridge, MA 02138-6605MA1942-04$442,820
5Zeta Beta Tau Fraternity, Alpha Mu Chapter4626 21st Ave Ne, Seattle, WA 98105-3327WA1940-10$297,255
6Tau Epsilon Phi Fraternity, Xi Chapter253 Commonwealth Ave, Boston, MA 02116-1609MA1940-12$129,862
7Delta Upsilon Fraternity, Massachusetts Chapter778 N Pleasant St, Amherst, MA 01002-1310MA1996-05$96,600
8Kappa Delta Phi National Affiliated Sorority Inc19 Charles St, Woburn, MA 01801-3035MA1982-09$83,782
9Honor Society Of Phi Kappa PhiUncw 601 South College Road, Wilmington, NC 28403NC1999-01$1,190
10Honor Society Of Phi Kappa Phi1220 First Ave Ne, Cedar Rapids, IA 52402IA1999-01$400
11Honor Society Of Phi Kappa PheOne Main Street, Houston, TX 77002-1001TX1999-01$0
12Honor Society Of Phi Kappa Phi577 Western Avenue, Westfield, MA 01086MA1999-01$0
13Honor Society Of Phi Kappa Phi700 University Avenue, Monroe, LA 71209LA1999-01$0
14Honor Society Of Phi Kappa PhiCampus Delivery 1601, Fort Collins, CO 80523-1601CO1999-01$0
15Honor Society Of Phi Kappa Phi601c Culkin Hall Suny Oswego, Oswego, NY 13126NY1999-01$0
16Honor Society Of Phi Kappa PhiNdsu Dept 2625, Fargo, ND 58108-6050ND1999-01$0
17Honor Society Of Phi Kappa Phi953 Danby Road, Ithaca, NY 14850NY1999-01$0
18Honor Society Of Phi Kappa PhiSuny Cortland P O Box 2000, Cortland, NY 13045NY1999-01$0
19Honor Society Of Phi Kappa PhiDhc 32 Campus Drive Um, Missoula, MT 59812MT1999-01$0
20Honor Society Of Phi Kappa Phi4505 S Maryland Pkwy Box 456019, Las Vegas, NV 89154-6019NV1999-01$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 Sigma Fraternity675 Main Street Unit 2, Amherst, MA 01002MA1978-12$6,042,850
SubordinateKappa Sigma Fraternity, Housing Corp Of ColumbiaPO BOX 455, Columbia, SC 29202-0455SC1940-12$407,685
SubordinateKappa Sigma Fraternity, 232 Mu Gamma Chapter4466 Raymond Stotzer Pkwy, College Sta, TX 77845-8006TX1940-12$130,767
SubordinateKappa Sigma Fraternity, 128 Delta-Phi Hobart College584 S Main St, Geneva, NY 14456-3176NY1940-12$72,310
SubordinateKappa Sigma Fraternity6650 Prue Road Apt 822, San Antonio, TX 78240TX1940-12$41,735
SubordinateKappa Sigma Fraternity, 101 Gamma-Rho House Corporation10530 N Lambert Pl, Oro Valley, AZ 85737-8577AZ1940-12$16,828
SubordinateKappa Sigma Fraternity, 20 Tau Chapter1002 W 26th St, Austin, TX 78705-4316TX1940-12$968,374
SubordinateKappa Sigma Fraternity, Beta ChapterPO BOX 1880, Tuscaloosa, AL 35403-1880AL1940-12$855,360
SubordinateKappa Sigma Fraternity, 129 Delta-ChiPO BOX KS, Ms State Univ, MS 39762-5858MS1940-12$803,413
SubordinateKappa Sigma Fraternity, Chi Chapter618 Sw 22nd St, Cape Coral, FL 33991-7740FL1940-12$778,195
SubordinateKappa Sigma Fraternity, Delta-Xi ChapterPO BOX 1237, Oxford, MS 38655-1237MS1940-12$724,688
SubordinateKappa Sigma Fraternity, 30 Beta-Theta Chapter1600 W Bloomfield Rd Ste B, Bloomington, IN 47403-2053IN1940-12$640,677
SubordinateKappa Sigma Fraternity, 115 Delta Eta Chapter924 Westwood Blvd Ste 550, Los Angeles, CA 90024-2941CA1940-12$623,940
SubordinateKappa Sigma Fraternity, 38 Xi Chapter711 W Dickson St, Fayetteville, AR 72701-5024AR1940-12$561,629
SubordinateKappa Sigma Fraternity, 112 Delta-Delta Chapter1120 Sw 9th Rd, Gainesville, FL 32601-7800FL1978-12$544,688
SubordinateKappa Sigma Fraternity, 99 Gamma-Omicron ChapterPO BOX 25251, Overland Park, KS 66225-5251KS1940-12$499,685
SubordinateKappa Sigma Fraternity, 28 GammaPO BOX 250, Napoleonville, LA 70390-0250LA1940-12$495,593
SubordinateKappa Sigma Fraternity, Gamma Zeta Corporation2201 W 10th Ave, Stillwater, OK 74074-5112OK1940-12$473,911
SubordinateKappa Sigma Fraternity407 Memorial Drive, Cambridge, MA 02139MA1940-12$455,110
SubordinateKappa Sigma Fraternity, 56 Alpha-Tau182 6th St Nw, Atlanta, GA 30313-2542GA1940-12$424,242
Number of affiliated organizations
Alaska1
Alabama8
Arkansas7
Arizona4
California34
Colorado11
Connecticut4
District of Columbia2
Delaware1
Florida13
Georgia25
Hawaii1
Iowa4
Idaho4
Illinois4
Indiana6
Kansas7
Kentucky8
Louisiana13
Massachusetts7
Maryland4
Maine1
Michigan6
Minnesota2
Missouri7
Mississippi7
Montana2
North Carolina19
North Dakota2
Nebraska2
New Hampshire1
New Jersey4
New Mexico4
Nevada2
New York16
Ohio11
Oklahoma7
Oregon9
Pennsylvania22
Rhode Island2
South Carolina12
Tennessee14
Texas33
Utah2
Virginia24
Vermont2
Washington4
Wisconsin5
West Virginia3
Wyoming1
Total394

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