Kappa Sigma Fraternity

Kappa Sigma Fraternity shows inconsistent financial reporting with an anomalous $1 revenue in its latest filing.

EIN: 203322620 · Davidson, NC · Updated: 2026-03-28

$267KRevenue

$18KAssets

55/100Mission Score (Fair)

About Kappa Sigma Fraternity

Kappa Sigma Fraternity (EIN: 203322620) is a nonprofit organization based in Davidson, NC. The organization reported total revenue of $267K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kappa Sigma Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Kappa Sigma Fraternity (EIN: 203322620) exhibits inconsistent financial activity based on its IRS 990 filings. While the latest reported revenue is $267,482 with assets of $18,115, the 202205 filing shows an anomalous revenue of $1 and expenses of $0, which raises questions about reporting accuracy or significant operational changes. The organization generally operates with modest assets and has shown fluctuating revenue and expenses over the past decade, often with expenses closely matching or slightly exceeding revenue, indicating a break-even or slight deficit operational model in many years. The absence of reported officer compensation across all filings suggests either a volunteer-led structure or that compensation is handled through other means not disclosed in this section of the 990.

Without detailed expense breakdowns (program, administrative, fundraising) from the provided data, it's challenging to fully assess spending efficiency. However, the consistent reporting of zero officer compensation is a positive indicator for donor confidence regarding executive overhead. The significant drop in reported assets from $36,702 in 202005 to $1,502 in 202105, and then to $1 in 202205 (with the corresponding $1 revenue) warrants further investigation to understand the underlying financial events. The overall financial health appears stable but not robust, with limited asset accumulation.

Transparency is moderate. The consistent filing of 990s is good, but the highly unusual $1 revenue and $1 asset figures in the 202205 filing are a significant concern for clarity and accuracy. A more detailed explanation for such drastic changes would be necessary for full transparency. The lack of NTEE code also makes it harder to benchmark against similar organizations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kappa Sigma Fraternity with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Kappa Sigma Fraternity allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is not reported in this section, which is a positive for minimizing overhead relative to its modest size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Kappa Sigma Fraternity's IRS 990 filings:

Anomalous $1 revenue and $1 asset reported in the 202205 filing, raising questions about reporting accuracy.
Significant drop in assets from $36,702 in 202005 to $1,502 in 202105, then to $1 in 202205 without clear explanation.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
Inconsistent financial performance with fluctuating revenue and expenses over the past decade.

Strengths

The following positive indicators were identified for Kappa Sigma Fraternity:

Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.
Zero reported officer compensation across all filings, suggesting low executive overhead.
Generally operates with low liabilities, indicating responsible debt management.

Frequently Asked Questions about Kappa Sigma Fraternity

What caused the reported revenue of $1 and assets of $1 in the 202205 filing?

The provided data does not offer an explanation for the highly unusual $1 revenue and $1 asset figures in the 202205 filing, which significantly deviates from prior years' financial activity.

How does Kappa Sigma Fraternity manage its expenses given the fluctuating revenue and often break-even operations?

The organization frequently reports expenses closely matching or slightly exceeding revenue, indicating a tight operational budget and a focus on covering costs rather than accumulating significant reserves.

What are the primary sources of the organization's revenue?

The provided data only lists total revenue; specific sources are not detailed in the summary.

Why is there no NTEE code available for this organization?

The NTEE code was not provided in the input data, which can make it challenging to categorize and compare the organization's mission and activities with similar nonprofits.

Filing History

IRS 990 filing history for Kappa Sigma Fraternity showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2022), Kappa Sigma Fraternity's revenue has declined by 100%, moving from $129K to $1. Total assets decreased by 100% over the same period, from $4K to $1. Total functional expenses fell by 100%, from $122K to $0.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$1	$0	$1	$0	—	View 990
2021	$53K	$88K	$2K	$0	—	View 990
2020	$136K	$101K	$37K	$0	—	View 990
2019	$156K	$163K	$951	$0	—	View 990
2018	$132K	$133K	$8K	$344	—	—
2017	$190K	$195K	$9K	$344	—	View 990
2016	$128K	$120K	$14K	$74	—	View 990
2015	$140K	$133K	$7K	$439	—	View 990
2014	$129K	$133K	$436	$919	—	View 990
2013	$130K	$131K	$4K	$1K	—	View 990
2012	$129K	$122K	$4K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
2021: Revenue of $53K, expenses of $88K, and assets of $2K (revenue -61.3% year-over-year).
2020: Revenue of $136K, expenses of $101K, and assets of $37K (revenue -12.6% year-over-year).
2019: Revenue of $156K, expenses of $163K, and assets of $951 (revenue +17.8% year-over-year).
2018: Revenue of $132K, expenses of $133K, and assets of $8K (revenue -30.2% year-over-year).
2017: Revenue of $190K, expenses of $195K, and assets of $9K (revenue +48.7% year-over-year).
2016: Revenue of $128K, expenses of $120K, and assets of $14K (revenue -8.7% year-over-year).
2015: Revenue of $140K, expenses of $133K, and assets of $7K (revenue +8.0% year-over-year).
2014: Revenue of $129K, expenses of $133K, and assets of $436 (revenue -0.4% year-over-year).
2013: Revenue of $130K, expenses of $131K, and assets of $4K (revenue +0.6% year-over-year).
2012: Revenue of $129K, expenses of $122K, and assets of $4K.

Data Sources and Methodology

This transparency report for Kappa Sigma Fraternity is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.