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Texas Kappa Sigma Educational Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741380362 ✦ Fort worth, TX ✦ Designated as a 501(c)(7)

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Overview

What is Texas Kappa Sigma Educational Foundation Inc?

Texas Kappa Sigma Educational Foundation Inc is a nonprofit organization situated in Fort Worth, Texas. The primary purpose of this foundation is to provide residential housing for a 501(c)(7) organization. In simpler terms, they hold the title to a property that is leased to another nonprofit group, as per the 501(c)(7) classification. This arrangement allows the leased organization to operate its activities within the provided residential space.

Is Texas Kappa Sigma Educational Foundation Inc legitimate?

Texas Kappa Sigma Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Texas Kappa Sigma Educational Foundation 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Texas Kappa Sigma Educational Foundation Inc?

The Texas Kappa Sigma Educational Foundation Inc's primary role is to maintain ownership of a property that is leased to a 501(c)(7) organization. In essence, the foundation serves as a property custodian, ensuring the availability of residential housing for this particular organization. The specific purpose or mission of the leased organization is not detailed in the provided information.

Who is the CEO of Texas Kappa Sigma Educational Foundation Inc?

Mike Sharpe is the Principal Officer of Texas Kappa Sigma Educational Foundation Inc.

What is the revenue of Texas Kappa Sigma Educational Foundation Inc?

Texas Kappa Sigma Educational Foundation Inc's revenue in 2023 was $1,049,839.

Who are the executives of Texas Kappa Sigma Educational Foundation Inc and what are their salaries?

There 24 volunteers at Texas Kappa Sigma Educational Foundation Inc.


Here are 20 key members and their salaries:


Danny Grant (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hempfling (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Jackson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kincade (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Miller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Zwiener (Chairman, Tau Trustees Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Herman (Board Member Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hagen Mcmahon (Board Member Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Jackson (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reggie Tuck (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sarvadi (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Sharpe (Assistant Secretary/Treasurer)
  • Compensation: $26,000
  • Related: $0
  • Other: $0
Rick Warren (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Pritchett (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Sabom (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loren Singletary (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kip Sowden (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harrison Grant (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hempfling (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Newberry (Assistant Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Texas Kappa Sigma Educational Foundation Inc?

Texas Kappa Sigma Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Texas Kappa Sigma Educational Foundation Inc

Texas Kappa Sigma Educational Foundation Inc plays a crucial role in holding the title to property that is leased to a 501(c)(7) organization. This nonprofit organization's mission is centered around providing a solid foundation for this specific organization by managing the property-related aspects. By holding the title to the property, Texas Kappa Sigma Educational Foundation Inc ensures that the 501(c)(7) organization can focus on its primary objectives without the burden of property management. This role is instrumental in supporting the 501(c)(7) organization's operations, as it provides residential housing for the organization. In essence, Texas Kappa Sigma Educational Foundation Inc acts as a reliable steward, ensuring that the property's title is in order and that the 501(c)(7) organization has a secure place to operate.

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Impact




October, 2024

Texas Kappa Sigma Educational Foundation Inc significantly impacts the community by providing essential residential housing for members of a 501(c)(7) organization in Fort Worth, TX. By holding the title to property leased to this organization, the foundation plays a crucial role in facilitating an environment conducive to educational and social development. This support not only enhances the living conditions for its members but also fosters a sense of community and belonging among students. Through its commitment to housing, the foundation ultimately contributes to both the personal growth and academic success of individuals, reinforcing the values of education and brotherhood.




This information is meant to be a general summary of Texas Kappa Sigma Educational Foundation 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.

Revenue
$1,049,839 (2023)
Expenses
$1,020,065 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,835
  • Program Service Revenue: $763,476
  • Gross Receipts: $1,115,176

Assets and Liabilities:

  • Total Assets: $7,876,323
  • Total Liabilities: $5,944,838
  • Net Assets: $1,931,485

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental

Revenue

$763,476

Organization Details

Founding Year

1955

Principal Officer

Mike Sharpe

Main Address

PO Box 470061, Fort Worth, TX, 76147

NTEE Category

Code: B83 - Education

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