KAPPA SIGMA HOUSE CORP: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KAPPA SIGMA HOUSE CORP (EIN 58-6036239)
Tax period
2021-06-01 to 2022-05-31
Filed
2022-10-17
IRS object ID
202232909349301818
Schema version
2021v4.0
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)
Return2022-10-17T13:40:42-04:00ReturnTs
Tax Period End2022-05-31TaxPeriodEndDt

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 Begin2021-06-01TaxPeriodBeginDt

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
Signature2022-10-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHRISPersonFirstNm
Person LastFINKEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLISA H DIALPreparerPersonNm
PTINP00183074PTIN
Phone4048081961PhoneNum
Preparation2022-10-17PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$487,414GrossReceiptsAmt
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$159,925PYContributionsGrantsAmt
CY Contributions Grants$330,998CYContributionsGrantsAmt
PY Program Service Revenue$156,403PYProgramServiceRevenueAmt
CY Program Service Revenue$156,403CYProgramServiceRevenueAmt
PY Investment Income$73PYInvestmentIncomeAmt
CY Investment Income$13CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$316,401PYTotalRevenueAmt
CY Total Revenue$487,414CYTotalRevenueAmt
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$0CYTotalFundraisingExpenseAmt
PY Other Expenses$390,375PYOtherExpensesAmt
CY Other Expenses$384,069CYOtherExpensesAmt
PY Total Expenses$390,375PYTotalExpensesAmt
CY Total Expenses$384,069CYTotalExpensesAmt
PY Revenues Less Expenses-$73,974PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$103,345CYRevenuesLessExpensesAmt
Total Assets BOY$2,871,641TotalAssetsBOYAmt
Total Assets EOY$2,936,605TotalAssetsEOYAmt
Total Liabilities BOY$2,362,932TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,207,551TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$508,709NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$729,054NetAssetsOrFundBalancesEOYAmt
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 MANAGE2.00Yes (X)Yes (X)$0$0$0
CHRIS FINKE
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
JIMMY FORTUNA
SECRETARY2.00Yes (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 PRESIDE2.00Yes (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
Membership Dues$6,350MembershipDuesAmt
All Other Contributions$324,648AllOtherContributionsAmt
Total Contributions$330,998TotalContributionsAmt

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$13TotalRevenueColumnAmt
Related Or Exempt Func Income$13RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$487,414TotalRevenueColumnAmt
Related Or Exempt Func Income$156,416RelatedOrExemptFuncIncomeAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,200TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,164TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$67,201TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$114,086TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$88,275TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FUNDRAISING$52,150
REPAIRS$42,378
FURNITURE$10,120
LANDSCAPING$4,595

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,900TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$384,069TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$66,278BOYAmt
EOY$119,405EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$27,294BOYAmt
EOY$127,406EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,467,829LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$778,035LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,778,069BOYAmt
EOY$2,689,794EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,871,641BOYAmt
EOY$2,936,605EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$385,039BOYAmt
EOY$341,926EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,977,893BOYAmt
EOY$1,865,625EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,362,932BOYAmt
EOY$2,207,551EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$508,709BOYAmt
EOY$729,054EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$508,709BOYAmt
EOY$729,054EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,871,641BOYAmt
EOY$2,936,605EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$103,345ReconcilationRevenueExpnssAmt
Prior Period Adjustments$117,000PriorPeriodAdjustmentsAmt
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$755,923DepreciationAmt
Book Value$2,686,794BookValueAmt

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$2,689,794TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMIDTOWN LOANDesc
Amt$1,865,625Amt
FieldValueIRS element (for citing)
Total Liability$1,865,625TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 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.

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