2014-04-02T08:00:04-05:00 2013-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2012-07-01 316049792 KAPPA KAPPA GAMMA FOUNDATION KAPP 6142286515 530 East Town Street Columbus OH 43215 BETH BURKES 2014-03-27 true RAchel Spurlock P00520729 6144690001 2012 2015-11-30 17:44:51Z BETH BURKES 530 E Town St Columbus OH 43215 19621647 false X WWW.KAPPA.ORG/FOUNDATION X 1989 OH TO DELIVER EDUCATIONAL AND LEADERSHIP TRAINING, PRESERVE THE FRATERNITY'S HERITAGE FROM A HISTORICAL PERSPECTIVE, PROVIDE SCHOLARSHIPS AND OFFER FINANCIAL ASSISTANCE TO MEMBERS IN NEED. 14 14 8 51 78 0 2595216 2297259 50593 53520 390137 2092250 -227 -20273 3035719 4422756 1041925 1020305 0 0 425054 412469 3830 0 533691 1114359 1107547 2585168 2540321 450551 1882435 35841940 38844192 466910 216332 35375030 38627860 TO DELIVER EDUCATIONAL AND LEADERSHIP TRAINING, PRESERVE THE FRATERNITY'S HERITAGE FROM A HISTORICAL PERSPECTIVE, PROVIDE SCHOLARSHIPS AND OFFER FINANCIAL ASSISTANCE TO MEMBERS IN NEED BY DEVELOPING THE FINANCIAL RESOURCES TO SUPPORT THESE PROGRAMS. false false 690453 621117 SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATION. SCHOLARSHIPS ARE BASED ON SCHOLASTIC ACHIEVEMENT, FINANCIAL NEED AND PARTICIPATION IN ACTIVITIES OF KAPPA KAPPA GAMMA FRATERNITY. THE FOUNDATION PROVIDES CONFIDENTIAL AID TO DESERVING MEMBERS OF ALL AGES WHO SUDDENLY FIND THEMSELVES IN FINANCIAL HARDSHIP DUE TO MISFORTUNE OR ILLNESS. RECIPIENTS MAY BE UNDERGRADUATES OR ALUMNAE, AND AID MAY BE A ONE-TIME GRANT OR ONGOING SUPPORT. 430948 399188 EDUCATIONAL AND LEADERSHIP PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND USE OF EDUCATIONAL AND LEADERSHIP PROGRAMS THAT BENEFIT OVER NINETEEN THOUSAND MEMBERS OF KAPPA KAPPA GAMMA FRATERNITY. THROUGH THESE PROGRAMS WE ARE MAKING A LIFETIME INVESTMENT IN THE EDUCATION AND TRAINING OF WOMEN. 268741 MUSEUMS: THE FOUNDATION SUPPORTS THE OPERATION OF THE HERITAGE MUSEUM IN COLUMBUS, OHIO AND THE STEWART HOUSE IN MONMOUTH, ILLINOIS. THESE MUSEUMS DEPICT THE HISTORIC PERIOD OF THE FOUNDERS OF KAPPA KAPPA GAMMA FRATERNITY AND WOMEN OF THE VICTORIAN AGE AND THE FAVORABLE IMPACT THE FRATERNITY EXPERIENCE HAS HAD ON THE LIVES OF WOMEN. 1390142 true true false false false false true false true true true false false true true true false false false true false false false false false false true true false false false false false false false false false true false false false false true false false true false true X 3 0 true 8 true true true false false false false false false false false false X 14 14 false false false false true true true true false false false true true true true true true false false false AL AZ AR CA CO CT FL GA HI IL IN IA KS KY ME MD MA MI MN NH NJ NM NY NC OH OK OR PA RI SC SD TN UT VT VA WA WV WI X X HEATHER ROOT 6142286515 530 EAST TOWN STREET Columbus OH 43215 KAY REID TENNISON 10.00 X X 0 0 0 NANCY FOLAND 10.00 X X 0 0 0 PAT COOPER 10.00 X X 0 0 0 ANNA HIETT PFLUGH 10.00 X 0 0 0 BETH BLACK 10.00 X 0 0 0 ELIZABETH BAILEY 10.00 X 0 0 0 JEAN SCHMIDT 10.00 X 0 0 0 JULIE MARINE LESHAY 10.00 X 0 0 0 JULIE MARTIN MANGIS 10.00 X 0 0 0 KATHERINE SCHOLBERG WEEKS 10.00 X 0 0 0 KELLY COX BILEK 10.00 X 0 0 0 LORI MILTENBERGER 10.00 X 0 0 0 MARY JANE CRIST 10.00 X 0 0 0 PAT MCINNIS COOPER 10.00 X 0 0 0 ANN STAFFORD TRUESDELL 40.00 X 0 80568 6612 0 80568 6612 0 false false false GRAYSTONE CONSULTING 4449 EASTON WAY COLUMBUS OH 46219 INVESTMENT CONSULTING 145039 1 2297259 126506 2297259 RENT FROM RELATED PARTY 53520 53520 0 0 0 0 0 0 0 0 53520 1049643 78 1049565 0 0 10630 32091 -21461 0 -21461 -21461 16209407 15166800 1042607 0 1042607 1042607 0 0 0 MISCELLANEOUS INCOME 900099 1188 1188 0 0 0 0 0 0 1188 4422756 0 78 2125419 399188 399188 621117 621117 0 0 88243 23914 23208 41121 0 263161 71317 69211 122633 15054 4080 3959 7015 17221 4667 4529 8025 28790 7802 7572 13416 0 8120 8120 49246 49246 0 0 200136 200136 0 0 0 0 0 201966 94001 73506 34459 0 0 60076 20726 11835 27515 0 0 71214 20621 32688 17905 12500 12500 0 101486 55055 13965 32466 0 COST-BASED REIMBURSEMENT 180329 15334 94058 70937 DEVELOPMENT & PUBLIC RELATIONS 158199 158199 MUSEUM MGMT & MAINTENANCE 52320 52320 BANK FEES 11955 11955 0 0 0 0 2540321 1390142 616488 533691 0 995676 277288 2870554 1295631 465797 216529 1553 5956 0 0 1561 3838 2504735 1500415 880085 1004320 19119299 27424121 11104570 8059666 0 0 402845 556843 35841940 38844192 39341 47998 0 427569 168334 466910 216332 X 9421907 10811476 8608154 10208336 17344969 17608048 35375030 38627860 35841940 38844192 X 1882435 1351927 18468 X false true X true false X 1453501 2247936 2971433 2595216 2297259 11565345 0 0 1453501 2247936 2971433 2595216 2297259 11565345 4513755 7051590 993485 721348 868344 829567 1113715 4526459 -476 -351 228 2124 1525 97 684 503 3150 1188 5622 16098951 0 0.43800 0.50960 X OTHER INCOME, SCHEDULE A, PART II, LINE 10, DESCRIPTION - , COLUMN A - 97, COLUMN B - 684, COLUMN C - 503, COLUMN D - 3150, COLUMN E - 1188, COLUMN F - 5622;, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 17142080 251629 1660071 529332 133453 18390995 18125598 311204 -613372 322230 223607 135513 17142080 15892327 240183 2642101 521651 127362 18125598 13893632 1057449 1548198 524276 82676 15892327 16624309 613155 -2788020 386422 169390 13893632 0.00000 0.95740 0.04260 true false 15500 15500 2010457 1191016 819441 33978 33978 444800 309399 135401 0 1004320 0 0 FUND OF FUNDS 7031733 F PRIVATE EQUITY LIMITED PARTNERSHIPS 353510 F REAL ESTATE LIMITED PARTNERSHIPS 674423 F 8059666 0 DUE TO KAPPA KAPPA GAMMA FRATERNITY 136001 CHARITABLE GIFT ANNUITIES OBLIGATION 32333 168334 X Collections of art - financial statement footnote Schedule D, Part III, Line 1a THE FOUNDATION OWNS MANY COLLECTIBLE AND HISTORICAL ITEMS WHICH WERE NOT CAPITALIZED ON THE FINANCIAL STATEMENTS AS THEY WERE ACQUIRED BECAUSE IT IS IMPRACTICABLE TO DETERMINE A VALUE FOR COLLECTIONS. Collections of art - description of collections Schedule D, Part III, Line 4 THE FOUNDATION SUPPORTS THE OPERATION OF THE HERITAGE MUSEUM IN COLUMBUS, OHIO, AND THE STEWART HOUSE MUSEUM IN MONMOUTH, ILLINOIS. THESE PUBLIC MUSEUMS DEPICT THE LIFE AND TIMES OF WOMEN OF THE VICTORIAN PERIOD AND THE FOUNDERS OF KAPPA KAPPA GAMMA FRATERNITY AND FEATURE EXHIBITS FROM THE ARCHIVES OF THE FRATERNITY. THE FOUNDATION DEVELOPS PROGRAMS SUCH AS TRADITION OF LEADERSHIP: EDUCATION TO ENFRANCHISEMENT, CURATOR'S TOUR OF TRADITION OF LEADERSHIP, ARCHIVES IN A BOX, VOYAGE OF DISCOVERY AND OTHERS AVAILABLE TO THE PUBLIC. Intended uses of endowment funds Schedule D, Part V, Line 4 SCHOLARSHIPS, FINANCIAL AID AND LEADERSHIP ACADEMY FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE FOUNDATION IS ORGANIZED AS A NON-PROFIT CORPORATION AND HAS OBTAINED EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(I)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) REQUIRES THE FOUNDATION TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE-LIKELY-THAN-NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE FOUNDATION HAS EXAMINED THIS ISSUE AND HAS DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2010. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX LIABILITIES TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE FOUNDATION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE FOUNDATION DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2013 AND 2012. false CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6177400 0 0 6177400 true false true true true false true KAPPA KAPPA GAMMA FRATERNITY INC 530 EAST TOWN ST COLUMBUS OH 43215 314221880 501(C)(7) 360347 0 N/A N/A EDUCATION BETA MU BUILDING AND ALUMNAE ASSOCIATION 1134 UNIVERSITY AVENUE BOULDER CO 80302 846030635 501(C)(7) 38400 0 N/A N/A EDUCATIONAL FURNITURE/EQUIPMENT 0 2 FINANCIAL AID 66 211822 0 N/A N/A SCHOLARSHIPS 157 409295 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 KAPPA KAPPA GAMMA FRATERNITY PROVIDES QUARTERLY REPORTS TO THE FOUNDATION FOR REVIEW OF HOW THE FUNDS ARE BEING SPENT. THE FINAL REPORT IS SIGNED BY THE EXECUTIVE DIRECTORS OF THE FRATERNITY AND FOUNDATION FOR APPROVAL. GRANT APPLICANTS PREPARE AND SUBMIT TO THE FOUNDATION BOARD OF TRUSTEES A GRANT APPLICATION FORM DISCLOSING THE INTENDED USE AND PURPOSES OF A GRANT. THE FOUNDATION BOARD OF TRUSTEES REVIEWS AND VOTES ON THE PROPRIETY OF A GRANT BASED UPON THE INFORMATION CONTAINED ON THE GRANT APPLICATION FORM. IF APPROVED, EACH GRANT IS GOVERNED BY PROCEDURES SET FORTH IN A WRITTEN GRANT AGREEMENT BETWEEN THE RECIPIENT AND THE FOUNDATION. THE GRANT AGREEMENT REQUIRES: (1) THE GRANT FUNDS TO BE USED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES; (2) THE MAINTENANCE BY THE GRANTEE OF DETAILED RECORDS RELATING TO THE USE OF THE GRANT FUNDS; (3) THE GRANT RECIPIENT ALLOWS FOUNDATION REPRESENTATIVES ACCESS TO INFORMATION RELEVANT TO ITS USE OF THE GRANT FUND PROCEEDS; AND (4) PROVIDES FOR THE RETURN OF GRANT FUNDS IF SUCH FUNDS ARE NOT USED IN THE MANNER SPECIFIED IN THE GRANT AGREEMENT. X 13 126506 MARKET VALUE 0 false true false Explanations of reporting method for number of contributions Schedule M, Part I SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS FORM W-3 EMPLOYEES REPORTED FORM 990, PART V, LINE 2A KAPPA KAPPA GAMMA FRATERNITY FILED 8 W-2'S ON BEHALF OF ITS AFFILIATE, KAPPA KAPPA GAMMA FOUNDATION. COMPENSATION ARRANGEMENTS FORM 990, PART V, LINE 2A EMPLOYEES ARE PAID BY KAPPA KAPPA GAMMA FRATERNITY (EIN 31-4221880), A RELATED ORGANIZATION OF KAPPA KAPPA GAMMA FOUNDATION. THE FOUNDATION REIMBURSED THE FRATERNITY $592,798 FOR SALARIES AND BENEFITS FOR FISCAL YEAR 2013. THE REMIBURSEMENT WAS BASED UPON THE ACTUAL EXPENSES INCURRED BY THE FRATERNITY AS SUBSTANTIATED TO THE FOUNDATION IN WRITING. THE FRATERNITY FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE FOUNDATION. COMPENSATION ARRANGEMENTS FORM 990, PART V, LINE 2A EMPLOYEES ARE PAID BY KAPPA KAPPA GAMMA FRATERNITY (EIN 31-4221880), A RELATED ORGANIZATION OF KAPPA KAPPA GAMMA FOUNDATION. THE FOUNDATION REIMBURSED THE FRATERNITY $598,225 SALARIES AND BENEFITS FOR FISCAL YEAR 2012. THE REIMBURSEMENT WAS BASED UPON THE ACTUAL EXPENSES INCURRED BY THE FRATERNITY AS SUBSTANTIATED TO THE FOUNDATION IN WRITING. THE FRATERNITY FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE FOUNDATION. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE MEMBERS OF THE CORPORATION SHALL BE THE MEMBERS OF THE COUNCIL OF KAPPA KAPPA GAMMA FRATERNITY, SERVING FROM TIME TO TIME. THE MEMBERS MUST ELECT AT LEAST ONE, AND MAY ELECT UP TO FOUR, AT-LARGE MEMBERS OF THE GOVERNING BODY. THE MEMBERS MUST APPROVE ANY MERGER IN WHICH THE FOUNDATION IS A PARTY, A VOLUNTARY DISSOLUTION OF THE FOUNDATION, ANY AMENDMENT TO THE ARTICLES OF INCORPORATION OF THE FOUNDATION AND THE SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE FOUNDATION'S ASSETS. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. Documentation of meetings held by committees of governing body Form 990, Part VI, Section A, Line 8b NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b UPON COMPLETION OF THE TAX RETURN BY AN INDEPENDENT TAX PREPARER, MANAGEMENT PERFORMS A DETAILED REVIEW OF THE FORM 990. THE FINAL FORM 990, AS FILED WITH THE IRS, IS THEN PROVIDED TO EVERY VOTING MEMBER OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH THE ASSISTANCE OF THE INDEPENDENT TAX PREPARER. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE FOUNDATION BOARD OF TRUSTEES, FOUNDATION FINANCE COMMITTEE MEMBERS, MANAGERS AND OFFICERS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY. EACH BOARD MEMBER, FINANCE COMMITTEE MEMBER, MANAGER AND OFFICER INDICATES WHETHER THERE ARE ANY CONFLICTS AND THESE CONFLICTS ARE REVIEWED BY THE TREASURER. BOARD MEMBERS ABSTAIN FROM VOTING ON TOPICS WHERE A POTENTIAL OR REAL CONFLICT OF INTEREST EXISTS. BOARD MINUTES REFLECT THIS ACTION. EXECUTIVE DIRECTOR'S COMPENSATION FORM 990, PART VI, LINE 15A IN FY 2013, THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWED AND APPROVED THE EXECUTIVE DIRECTOR'S COMPENSATION. HOWEVER, NO OUTSIDE STUDY OR SURVEY WAS UTILIZED. PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS/KEY EMPLOYEES FORM 990, PART VI, LINE 15B THE ORGANIZATION DOES NOT HAVE OTHER OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AND AFTER THE BOARD OF TRUSTEES HAVE REVIEWED THE REQUEST FOR APPROVAL. FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 25 THE STATEMENT OF FUNCTIONAL EXPENSES SHOW THAT 55% OF EXPENSES ARE SPENT ON PROGRAMS. HOWEVER, AS A 501(C)(3) THE KAPPA KAPPA GAMMA FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT EDUCATION THROUGH FUNDRAISING EFFORTS. THE ORGANIZATION CONSIDERS ITS PROGRAM'S FUNDRAISING EXPENSES TO BE AN INTEGRAL PART OF THEIR TAX-EXEMPT PURPOSE, AND THEREFORE IT SHOULD BE NOTED THAT THE ORGANIZATION'S FUNDRAISING EXPENSES COMBINED WITH THE PROGRAM SERVICE EXPENSES ACCURATELY REPRESENT THE RATIO OF EXPENSES THAT FUND THE ORGANIZATION'S MISSION. THUS IT SHOULD BE NOTED THAT THE ORGANIZATION SPENDS 76% OF EXPENSES TO FUND ITS MISSION OF SUPPORTING EDUCATION AND FINANCIAL ASSISTANCE. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 INCREASE IN CSV OF LIFE INSURANCE - 7018; CHANGE IN VALUE OF BENEVICIAL INTEREST IN CHARITABLE TRUST - 11450; KAPPA KAPPA GAMMA FRATERNITY 530 E TOWN STREET COLUMBUS OH 43215 FRATERNITY OH 501(C)(7) N/A NA false CHARITABLE REMAINDER TRUST (1) INVESTMENTS MD NA TRUST true false true true false false false false false false false true true true true true true true false false