2011-04-21T09:00:06-05:00 2010-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2009-07-01 316049792 KAPPA KAPPA GAMMA FOUNDATION KAPP 6142286515 530 EAST TOWN STREET COLUMBUS OH 43215 ANN STAFFORD TRUESDELL 2011-04-18 true 6144690001 2009 2016-02-24 21:20:13Z ANN STAFFORD TRUESDELL 530 E TOWN ST COLUMBUS OH 43215 8739174 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. 11 11 0 47 -351 -351 1453501 2247936 50593 -589009 657702 40940 -1381 905432 2954850 1321675 1028206 0 397072 355506 28872 8745 640012 1052535 1077038 2800154 2469495 -1894722 485355 28274905 31098630 156165 282155 28118740 30816475 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 745550 691618 0 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. 355434 336588 0 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. 286782 0 0 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. 1387766 true true false false false false true 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 true false true 9 0 true 0 false false false false false false false false false 11 11 false false false false true true true true true false false true true true true true true true false AZ CA CO CT FL GA IL KS KY MA MN NH NJ NY NC OH OK OR PA TN VA WV WI X X HEATHER ROOT 6142286515 530 EAST TOWN STREET COLUMBUS OH 43215 X CYNTHIA BENNETT JARBOE 10 X X 0 0 0 KERRIE QUINN MURRAY 10 X X 0 0 0 KATHERINE SCHOLBERG WEEKS 10 X 0 0 0 COLLETT BEERS RANGITSCH 10 X 0 0 0 JULIE MARTIN MANGIS 10 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 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 ANN STAFFORD TRUESDELL 40 X 0 75084 0 0 75084 0 false false false 0 0 0 1901 0 2246035 48322 2247936 RENT FROM RELATED PARTY 50593 0 0 50593 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50593 641714 0 -351 642065 0 0 0 0 0 0 0 0 28690 0 30755 0 -2065 0 -2065 0 0 -2065 5764791 4766 5748844 4725 15947 41 15988 0 0 15988 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 684 0 0 684 0 0 0 0 0 0 0 0 0 0 0 0 684 2954850 0 -351 707265 362751 362751 665455 665455 0 0 0 0 80715 20178 12108 48429 0 0 0 0 219362 54841 32904 131617 17177 4295 2576 10306 14444 3611 2167 8666 23808 5952 3571 14285 0 0 0 0 14005 2339 7535 4131 26740 10429 2674 13637 0 0 0 0 8745 8745 141236 0 141236 0 0 0 0 0 0 0 0 0 123773 46059 18901 58813 27912 16748 5582 5582 0 0 0 0 24632 24632 0 0 0 0 0 0 0 0 0 0 100852 34327 45277 21248 0 0 0 0 0 0 0 0 98010 55892 6905 35213 16068 3090 6489 6489 COST-BASED REIMBURSEMENT 249135 23482 141144 84509 BANK FEES 12648 0 12648 0 MUSEUM MGMT & MAINTENANCE 53685 53685 0 0 DEVELOPMENT & PUBLIC RELATIONS 188342 0 0 188342 0 0 0 0 0 0 0 0 2469495 1387766 441717 640012 0 0 0 0 267261 308192 1144858 1201588 1502241 1490100 295 30 0 0 0 0 0 0 0 0 952 929 2131496 1172986 945963 958510 15024475 16110182 9005678 10613921 0 0 0 0 383182 415178 28274905 31098630 29297 38913 0 0 0 0 0 0 0 0 0 0 0 0 0 0 126868 243242 156165 282155 X 5622766 6839104 6745424 7169372 15750550 16807999 0 0 0 0 0 0 28118740 30816475 28274905 31098630 X false true true X false X 0 1847618 3273811 6014268 1453501 2247936 14837134 0 0 0 0 0 0 0 0 0 0 0 0 1847618 3273811 6014268 1453501 2247936 14837134 2885767 11951367 939172 1210765 1934637 993485 721348 5799407 0 0 0 -476 -351 -827 26930 27048 199 97 684 54958 20690672 0 0.5776 0.5985 X OTHER INCOME, SCHEDULE A, PART II, SECTION B, LINE 10, 2005 $26,930 2006 $27,048 2007 $199 2008 $97 2009 $684 TOTAL OTHER INCOME $54,958, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 13893632 1057449 1548198 524276 82676 15892327 16624309 613155 -2788020 386422 169390 13893632 0.9714 0.0286 true false 0 15500 15500 0 1709285 984332 724953 0 33978 8275 25703 0 64965 27478 37487 0 307768 152901 154867 958510 0 0 FUND OF FUNDS 9263726 F MANAGED FUTURES FUND 494958 F PRIVATE EQUITY LIMITED PARTNERSHIPS 402913 F REAL ESTATE LIMITED PARTNERSHIPS 452324 F 10613921 0 DUE TO KAPPA KAPPA GAMMA FRATERNITY 214887 CHARITABLE GIFT ANNUITIES 28355 243242 2954850 2469495 485355 2188115 0 0 0 24265 2212380 2697735 5056749 2188115 0 0 55020 2243135 2813614 141236 0 141236 2954850 2359014 0 0 0 30755 30755 2328259 141236 0 141236 2469495 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 footnote Schedule D, Part X, Line 2 GUIDANCE ISSUED BY THE 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 2007. 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, 2010 AND 2009. Other changes in net assets Schedule D, Part XI, Line 8 INCREASE IN CSV OF LIFE INSURANCE - 5729; CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - 18536; OTHER - 0; TOTAL - 24265 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d INCREASE IN CSV OF LIFE INSURANCE - 5729; CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST - 18536; RENT EXPENSE - 30755; OTHER - 0; TOTAL - 55020 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENTAL EXPENSE - 30755; OTHER - 0; TOTAL - 30755 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 0 0 0 0 true KAPPA KAPPA GAMMA FRATERNITY INC 530 EAST TOWN STREET COLUMBUS OH 43215 314221880 501(C)(7) 341004 0 N/A N/A EDUCATION BETA MU BUILDING AND ALUMNAE ASSOCIATION 1134 UNIVERSITY AVENUE BOULDER CO 80302 846030635 501(C)(7) 21747 0 N/A N/A EDUCATIONAL FURNITURE/EQUIPMENT 0 2 FINANCIAL AID 41 194785 0 N/A N/A SCHOLARSHIPS 142 470670 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 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 14 48322 MARKET VALUE 0 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a DONATED STOCK SHARES ARE IMMEDIATELY SOLD UPON RECEIPT BY KAPPA KAPPA GAMMA FOUNDATION'S BROKER, SMITH BARNEY. 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 11A 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 2009 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. 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 $355,506 FOR SALARIES AND BENEFITS FOR FISCAL YEAR 2010. 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. 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 INTENTIONALLY BEEN LEFT BLANK. 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 B 341004 KAPPA KAPPA GAMMA FRATERNITY O 249135