2012-03-02T09:00:02-06:00 2011-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2010-07-01 316049792 KAPPA KAPPA GAMMA FOUNDATION KAPP 6142286515 530 East Town Street Columbus OH 43215 ANN STAFFORD TRUESDELL 2012-02-27 true 6144690001 2010 2016-02-24 21:20:13Z ANN STAFFORD TRUESDELL 530 E Town St Columbus OH 43215 18292239 false X WWW.KAPPAKAPPAGAMMA.ORG 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. 12 12 0 54 229 0 2247936 2971433 50593 50593 657702 1062006 -1381 -6634 2954850 4077398 1028206 999277 0 0 355506 416332 8745 3874 682904 1077038 1026567 2469495 2446050 485355 1631348 31098630 36576596 282155 277241 30816475 36299355 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 726824 676230 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. 343715 323047 EDUCATIONAL AND LEADERSHIP PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND USE OF EDUCATIONAL AND LEADERSHIP PROGRAMS THAT BENEFIT OVER SIXTEEN THOUSAND MEMBERS OF KAPPA KAPPA GAMMA FRATERNITY. THROUGH THESE PROGRAMS WE ARE MAKING A LIFETIME INVESTMENT IN THE EDUCATION AND TRAINING OF YOUNG WOMEN. 253234 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. 1323773 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 5 0 true 0 true true false false false false false false false false false X 12 12 false false false false true true true true true false false true true true true true true true false false AZ AR CA CO CT FL GA HI IL KS KY ME MA MN NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X X HEATHER ROOT 6142286515 530 EAST TOWN STREET Columbus OH 43215 X KATHERINE SCHOLBERG WEEKS 10 X 0 0 0 ANN STAFFORD TRUESDELL 40 X 0 76284 5723 COLLETT BEERS RANGITSCH 10 X 0 0 0 JULIE MARTIN MANGIS 10 X 0 0 0 CYNTHIA BENNETT JARBOE 10 X X 0 0 0 JULIE MARINE LESHAY 10 X 0 0 0 ANNA HIETT PFLUGH 10 X 0 0 0 BETH ANN SHARP 10 X 0 0 0 KERRIE QUINN MURRAY 10 X X 0 0 0 PAT MCINNIS COOPER 10 X 0 0 0 SUSANNE WOLFF VANDER HEYDEN 10 X 0 0 0 JILL EVERSOLE NOLAN 10 X 0 0 0 KELLY COX BILEK 10 X 0 0 0 KAY REID TENNISON 10 X X 0 0 0 0 76284 5723 0 false false false 0 1756 2969677 1216856 2971433 RENT FROM RELATED PARTY 50593 50593 0 0 0 0 50593 793302 229 793073 0 0 24677 31814 -7137 0 -7137 -7137 14451731 14183027 268704 0 268704 268704 0 0 0 MISCELLANEOUS INCOME 503 503 0 0 0 0 503 4077398 0 229 1105736 374777 374777 624500 624500 0 0 83215 19098 9811 54306 0 276574 63474 32608 180492 15889 3647 1873 10369 13187 3026 1555 8606 27467 6304 3238 17925 0 22990 5920 14542 2528 27801 8671 2091 17039 0 3874 3874 158701 158701 0 0 162917 63505 53490 45922 18586 11152 3717 3717 0 61920 19313 4656 37951 0 0 79070 20593 41733 16744 0 0 92834 49297 4758 38779 0 COST-BASED REIMBURSEMENT 181807 10330 106600 64877 MUSEUM MGMT & MAINTENANCE 40166 40166 DEVELOPMENT & PUBLIC RELATIONS 179775 179775 0 0 0 0 2446050 1323773 439373 682904 0 308192 222052 1201588 2698233 1490100 808173 30 406 929 1303 2164324 1280496 958510 883828 16110182 20586508 10613921 10877455 0 0 415178 498638 31098630 36576596 38913 31404 243242 245837 282155 277241 X 6839104 10246942 7169372 9004231 16807999 17048182 30816475 36299355 31098630 36576596 X 1631348 3851532 X false true true X false X 3273811 6014268 1453501 2247936 2971433 15960949 0 0 3273811 6014268 1453501 2247936 2971433 15960949 4351939 11609010 1210765 1934637 993485 721348 868344 5728579 -476 -351 228 -599 27048 199 97 684 503 28531 21717460 0.53450 0.57760 X OTHER INCOME, SCHEDULE A, PART II, SECTION B, LINE 10, 2006 $27,048 2007 $199 2008 $97 2009 $684 2010 $503 TOTAL OTHER INCOME $28,531, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 X X false 15892327 240183 2642101 521651 127362 18125598 13893632 1057449 1548198 524276 82676 15892327 16624309 613155 -2788020 386422 169390 13893632 0.93360 0.06640 true false 15500 15500 1737312 1061467 675845 33978 10684 23294 69766 40811 28955 307768 167534 140234 883828 0 0 FUND OF FUNDS 9319635 F MANAGED FUTURES FUND 528648 F PRIVATE EQUITY LIMITED PARTNERSHIPS 386743 F REAL ESTATE LIMITED PARTNERSHIPS 642429 F 10877455 0 DUE TO KAPPA KAPPA GAMMA FRATERNITY 217744 CHARITABLE GIFT ANNUITIES 28093 245837 4077398 2446050 1631348 3813174 38358 3851532 5482880 7802043 3813174 70172 3883346 3918697 158701 0 158701 4077398 2319163 31814 31814 2287349 158701 0 158701 2446050 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 EVERY KAPPA SHOULD HAVE THE OPPORTUNITY TO LEARN ABOUT HER HISTORY AS A KAPPA AND AS A WOMAN. THE FOUNDATION SUPPORTS THE OPERATION OF THE HERITAGE MUSEUM IN COLUMBUS, OHIO, AND THE STEWART HOUSE MUSEUM IN MONMOUTH, ILLINOIS. THESE MUSEUMS DEPICT THE LIFE AND TIMES OF THE FOUNDERS OF KAPPA KAPPA GAMMA FRATERNITY AND WOMEN OF THE VICTORIAN PERIOD, FEATURE EXHIBITS FROM THE ARCHIVES OF THE FRATERNITY, AND DEVELOP PROGRAMS SUCH AS ARCHIVES IN A BOX AND THE MULTIMEDIA PROJECT, THE VOYAGE OF DISCOVERY. 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 2008. 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, 2011 AND 2010. Other changes in net assets Schedule D, Part XI, Line 8 INCREASE IN CSV OF LIFE INSURANCE - 6330; CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - 32028; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d INCREASE IN CSV OF LIFE INSURANCE - 6330; CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - 32028; RENT EXPENSE - 31814; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENT EXPENSE - 31814; CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 9265006 0 0 9265006 true false true true true false true KAPPA KAPPA GAMMA FRATERNITY INC 530 EAST TOWN STREET COLUMBUS OH 43215 314221880 501(C)(7) 352557 0 N/A N/A EDUCATION BETA MU BUILDING AND ALUMNAE ASSOCIATION 1134 UNIVERSITY AVENUE BOULDER CO 80302 846030635 501(C)(7) 22220 0 N/A N/A EDUCATIONAL FURNITURE/EQUIPMENT 0 2 FINANCIAL AID 67 223508 0 N/A N/A SCHOLARSHIPS 130 400992 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 KAPPA KAPPA GAMMA FRATERNITY, INC. 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 12 1216856 MARKET VALUE 0 false true false COMPENSATION ARRANGEMENT FORM 990, PART I, LINE 5 AND PART V, LINE 2 EMPLOYEES ARE PAID BY KAPPA KAPPA GAMMA FRATERNITY (EIN 31-4221880), A RELATED ORGANIZATION OF KAPPA KAPPA GAMMA FOUNDATION. THE FOUNDATION REIMBURSED THE FRATERNITY $598,138 FOR SALARIES AND BENEFITS FOR FISCAL YEAR 2011. 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. 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a A COMPENSATION STUDY WAS REVIEWED IN 2010 AND THAT WAS USED TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE PRESIDENT AND THE TREASURER OF THE FOUNDATION MADE A RECOMMENDATION AS TO COMPENSATION FOR THE EXECUTIVE DIRECTOR IN CONJUNCTION WITH THE PERFORMANCE EVALUATION WHICH WAS THEN APPROVED BY THE BOARD. THIS PROCESS WAS DOCUMENTED IN THE BOARD MEETING MINUTES. Public Disclosure 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. PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS/KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15B THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION; THEREFORE, THIS LINE HAS BEEN ANSWERED NO IN ACCORDANCE WITH THE FORM INSTRUCTIONS. Average hours worked per week for related organization Form 990, Part VII, Section A, Column B COLLETT BEERS RANGITSCH - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION CYNTHIA BENNETT JARBOE - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION JULIE MARINE LESHAY - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION BETH ANN SHARP - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION SUSANNE WOLFF VANDER HEYDEN - 10 HOURS PER WEEK WITH KAPPA KAPPA GAMMA FRATERNITY, A RELATED TAX-EXEMPT ORGANIZATION FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 25 THE STATEMENT OF FUNCTIONAL EXPENSES SHOW THAT 54% 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 INTERGRAL 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 82% OF EXPENSES TO FUND ITS MISSION OF SUPPORTING EDUCATION. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 3813174; INCREASE IN CSV OF LIFE INSURANCE - 6330; CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - 32028; KAPPA KAPPA GAMMA FRATERNITY INC 530 E TOWN STREET COLUMBUS OH 43215 314221880 FRATERNITY OH 501(C)(7) N/A NA false true true false false false false false false true true true true true true true false false KAPPA KAPPA GAMMA FRATERNITY O 598138 COST KAPPA KAPPA GAMMA FRATERNITY B 352557 COST