Overview
What is Kappa Council Inc?
Kappa Council Inc is a nonprofit organization situated in Wake Forest, North Carolina, specifically at 2137 Possum Trot Road. Its primary objective is to offer housing and academic assistance to undergraduate members of a fraternity chapter, mainly catering to around 30 resident students and an additional 40 active students. The organization collects rent and related fees from these students. Kappa Council Inc manages the expenses associated with the chapter house, such as the monthly mortgage payment, utilities, and maintenance. Fundraising activities, primarily soliciting donations from alumni members, contribute to funding capital improvements for the chapter house and reducing the mortgage balance.
Is Kappa Council Inc legitimate?
Kappa Council Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Kappa Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Kappa Council Inc?
Kappa Council Inc's primary mission is centered around providing housing and academic support to the student members of Pi Kappa Phi fraternity at an unspecified university. This organization serves around 30 undergraduate students living in the fraternity chapter house and an additional 40 active members. Kappa Council Inc is responsible for managing the monthly mortgage payments, utilities, and other operational expenses related to the chapter house. They also engage in fundraising activities, primarily soliciting donations from alumni members, which are utilized for capital improvements to the chapter house and towards reducing the mortgage balance.
Who is the CEO of Kappa Council Inc?
Stephen C Shaw is the Director of Kappa Council Inc.
What is the revenue of Kappa Council Inc?
Kappa Council Inc's revenue in 2022 was $217,562.
Who are the executives of Kappa Council Inc and what are their salaries?
There 10 volunteers at Kappa Council Inc.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Kappa Council Inc?
Kappa Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kappa Council Inc
Kappa Council Inc, a nonprofit organization, is dedicated to supporting the academic and residential needs of its student members who are part of the Pi Kappa Phi fraternity at The University of North Carolina at Chapel Hill. Its primary mission is to provide a conducive living environment and educational resources for approximately 30 undergraduate students residing in the fraternity chapter house, as well as another 40 active student members. Kappa Council Inc assumes financial responsibility for the monthly mortgage payments, utilities, and operational expenses associated with the upkeep of the chapter house. The organization also engages in fundraising activities, primarily soliciting donations from alumni members. These funds are utilized for capital improvements to the chapter house and to contribute towards reducing the mortgage balance. In essence, Kappa Council Inc serves as a vital support system for its student members, enabling them to focus on their academic pursuits within a nurturing and well-maintained living space.
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Impact
October, 2024
Kappa Council Inc plays a vital role in supporting the educational and living needs of undergraduate members of the Pi Kappa Phi fraternity at The University of North Carolina at Chapel Hill. By providing housing, the organization fosters a conducive environment for academic success and personal development among approximately 70 active student members.
The council manages the financial aspects of the fraternity chapter house, including collecting rents and fees from students, which helps cover the monthly mortgage, utilities, and maintenance costs. This financial stewardship ensures that students have a safe and supportive living space that promotes their academic pursuits.
In addition to operational management, Kappa Council Inc actively engages in fundraising efforts by soliciting donations from alumni. The funds raised are essential for capital improvements to the chapter house and for reducing the mortgage balance, ultimately enhancing the living conditions and resources available to current members.
Through its commitment to housing and academic support, Kappa Council Inc significantly impacts the fraternity community, enriching the academic and social experience of its members at UNC Chapel Hill.
This information is meant to be a general summary of Kappa Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $216,562
- Gross Receipts: $217,562
Assets and Liabilities:
- Total Assets: $1,527,936
- Total Liabilities: $155,663
- Net Assets: $1,372,273
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Organization Details
Founding Year
1961
Phone
(919) 906-0697Principal Officer
Stephen C Shaw
Main Address
2137 Possum Trot Road, Wake Forest, NC, 27587
NTEE Category
Code: B83 - Education
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