KAPPA SIGMA HOUSE CORP: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KAPPA SIGMA HOUSE CORP (EIN 58-6036239)
Tax period
2023-06-01 to 2024-05-31
Filed
2024-09-13
IRS object ID
202412579349300206
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-09-13T07:46:39-04:00ReturnTs
Tax Period End2024-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN845078796PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PIEDMONT ACCOUNTING & BUSINESS SOLUTIONSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15476 SOUTHPORT CLOSEAddressLine1Txt
CityPEACHTREE CORNERSCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30092ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN586036239EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KAPPA SIGMA HOUSE CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAPPBusinessNameControlTxt
Phone6789902398PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18925 BAY VIEW COURTAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationGAStateAbbreviationCd
ZIP30506ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRIS FINKEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4047866453PhoneNum
Signature2024-09-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLISA H DIALPreparerPersonNm
PTINP00183074PTIN
Phone4048081961PhoneNum
Preparation2024-09-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRIS FINKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1140 MOUNTAIN SHOALS RDAddressLine1Txt
CityROSWELLCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30075ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$400,875GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressHTTP://WWW.GTKAPPASIG.COM/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1924FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION PROVIDES LIVING SPACE FOR GEORGIA INSTITUTE OF TECHNOLOGY ENGINEERING STUDENTS THAT ARE MEMBERS OF KAPPA SIGMA FRATERNITYActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$193,591PYContributionsGrantsAmt
CY Contributions Grants$243,695CYContributionsGrantsAmt
PY Program Service Revenue$156,403PYProgramServiceRevenueAmt
CY Program Service Revenue$156,403CYProgramServiceRevenueAmt
PY Investment Income$375PYInvestmentIncomeAmt
CY Investment Income$777CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$350,369PYTotalRevenueAmt
CY Total Revenue$400,875CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$13,381CYTotalFundraisingExpenseAmt
PY Other Expenses$391,562PYOtherExpensesAmt
CY Other Expenses$311,065CYOtherExpensesAmt
PY Total Expenses$391,562PYTotalExpensesAmt
CY Total Expenses$311,065CYTotalExpensesAmt
PY Revenues Less Expenses-$41,193PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$89,810CYRevenuesLessExpensesAmt
Total Assets BOY$2,939,643TotalAssetsBOYAmt
Total Assets EOY$2,924,265TotalAssetsEOYAmt
Total Liabilities BOY$2,258,075TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,152,888TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$681,568NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$771,377NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSERVICE IS ONE OF THE FOUR FOUNDING PILLARS OF THE KAPPA SIGMA FRATERNITY. AN IMPORTANT PART OF BEING A BROTHER OF KAPPA SIGMA IS TO HELP OTHERS. BROTHERS VOLUNTEER IN ALL TYPES OF COMMUNITY SERVICE PROJECTS FROM HOSTING CHARITY SPORTING EVENTS, RAISING MONEY FOR COMMUNITY CHARITIES, TO OFFERING SCHOLARSHIPS FOR GEORGIA TECH UNDERGRADUATE STUDIES. DURING THE LAST YEAR, ACTIVE BROTHERS COMPLETED AN AVERAGE OF 40 HOURS OF SERVICE AND RAISED OVER 120 PER BROTHER FOR VARIOUS CHARITABLE CAUSES. OUR CHAPTER HAS HEAVILY SUPPORTED THE FIGHT AGAINST CHILDHOOD CANCER THROUGH ST. BALDRICK'S FOUNDATION AND VOLUNTEERED WITH THE ORGANIZATION HANDS ON ATLANTA, GOING OUT ON SATURDAYS TO DELIVER FOOD TO THOSE IN NEED. AT THE NATIONAL LEVEL, KAPPA SIGMA STRONGLY ENCOURAGES AND FOSTERS CHARITABLE ENDEAVORS ACROSS ALL CHAPTERS WORLDWIDE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescPROVIDE HOUSING FOR GEORGIA INSTITUTE OF TECHNOLOGY ENGINEERING STUDENTS THAT ARE MEMBERS OF KAPPA SIGMA FRATERNITYDesc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDAVID ARCHERPersonNm
Phone6789902398PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18925 BAY VIEW COURTAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationGAStateAbbreviationCd
ZIP30506ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DAVID ARCHER
TREASURER2.00Yes (X)Yes (X)$0$0$0
DERIK DAVIS
MEMBER1.00Yes (X)$0$0$0
MICHAEL DUDGEON
MEMBER1.00Yes (X)$0$0$0
CLAY EDWARDS
HOUSE MANAGE1.00Yes (X)Yes (X)$0$0$0
CHRIS FINKE
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
JIMMY FORTUNA
SECRETARY1.00Yes (X)Yes (X)$0$0$0
GEOFF GILL
MEMBER1.00Yes (X)$0$0$0
BILL GOODHEW
MEMBER1.00Yes (X)$0$0$0
DON HOUSE
MEMBER1.00Yes (X)$0$0$0
MARSHALL HUNTER
VICE PRESIDE1.00Yes (X)Yes (X)$0$0$0
FRANK W GILL III
MEMBER1.00Yes (X)$0$0$0
STEVE MILLSPAUGH
MEMBER1.00Yes (X)$0$0$0
STEVE NORRIS
MEMBER1.00Yes (X)$0$0$0
MATT NOURY
MEMBER1.00Yes (X)$0$0$0
MICHAEL ORNDORFF
MEMBER1.00Yes (X)$0$0$0
DREW PHILIPPO
MEMBER1.00Yes (X)$0$0$0
J ALMONT PIERCE
MEMBER1.00Yes (X)$0$0$0
MICHAEL POUNCEY
MEMBER1.00Yes (X)$0$0$0
CHARLES SPIGGLE
MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$243,695AllOtherContributionsAmt
Total Contributions$243,695TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFRATERNITY HOUSEDesc
Total Revenue Column$156,403TotalRevenueColumnAmt
Related Or Exempt Func Income$156,403RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$156,403TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$777TotalRevenueColumnAmt
Related Or Exempt Func Income$777RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$400,875TotalRevenueColumnAmt
Related Or Exempt Func Income$157,180RelatedOrExemptFuncIncomeAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,350TotalAmt
Management And General$1,350ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$53,167TotalAmt
Program Services$53,167ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$98,575TotalAmt
Program Services$98,575ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$88,274TotalAmt
Program Services$88,274ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
REPAIRS$49,867$49,867
FUNDRAISING$13,381$13,381
LANDSCAPING$4,125$4,125
SECURITY$2,236$2,236

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$90TotalAmt
Program Services$90ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$311,065TotalAmt
Program Services$296,334ProgramServicesAmt
Management And General$1,350ManagementAndGeneralAmt
Fundraising$13,381FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$203,112BOYAmt
EOY$110,733EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$118,366BOYAmt
EOY$288,084EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,467,829LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$954,584LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,601,519BOYAmt
EOY$2,513,245EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$16,646BOYAmt
EOY$12,203EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,939,643BOYAmt
EOY$2,924,265EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$300,439BOYAmt
EOY$260,926EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,957,636BOYAmt
EOY$1,891,962EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,258,075BOYAmt
EOY$2,152,888EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$681,568BOYAmt
EOY$771,377EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$681,568BOYAmt
EOY$771,377EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,939,643BOYAmt
EOY$2,924,265EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$89,810ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,000OtherCostOrOtherBasisAmt
Book Value$3,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,442,717OtherCostOrOtherBasisAmt
Depreciation$932,472DepreciationAmt
Book Value$2,510,245BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,112OtherCostOrOtherBasisAmt
Depreciation$22,112DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,513,245TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMIDTOWN LOANDesc
Amt$1,891,962Amt
FieldValueIRS element (for citing)
Total Liability$1,891,962TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONSERVICE IS ONE OF THE FOUR FOUNDING PILLARS OF THE KAPPA SIGMA FRATERNITY. AN IMPORTANT PART OF BEING A BROTHER OF KAPPA SIGMA IS TO HELP OTHERS. BROTHERS VOLUNTEER IN ALL TYPES OF COMMUNITY SERVICE PROJECTS FROM HOSTING CHARITY SPORTING EVENTS, RAISING MONEY FOR COMMUNITY CHARITIES, TO OFFERING SCHOLARSHIPS FOR GEORGIA TECH UNDERGRADUATE STUDIES. DURING THE LAST YEAR, ACTIVE BROTHERS COMPLETED AN AVERAGE OF 40 HOURS OF SERVICE AND RAISED OVER 120 PER BROTHER FOR VARIOUS CHARITABLE CAUSES. OUR CHAPTER HAS HEAVILY SUPPORTED THE FIGHT AGAINST CHILDHOOD CANCER THROUGH ST. BALDRICK'S FOUNDATION AND VOLUNTEERED WITH THE ORGANIZATION HANDS ON ATLANTA, GOING OUT ON SATURDAYS TO DELIVER FOOD TO THOSE IN NEED. AT THE NATIONAL LEVEL, KAPPA SIGMA STRONGLY ENCOURAGES AND FOSTERS CHARITABLE ENDEAVORS ACROSS ALL CHAPTERS WORLDWIDE.
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 12CANNUALLY EACH PERSON IS REQUIRED TO PROVIDE A NOTICE OF SUCH INTEREST OR RELATIONSHIP, AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE HAS INTEREST.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9BOOK / TAX DEPRECIATION DIFFERENCE -1

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