Kappa Sigma Fraternity Housing Corp of Columbia

EIN: 570629943

Columbia, SC

Total Revenue
$785,959
Total Expenses
$620,125
Total Assets
$1,537,436
Net Assets
$480,983
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
SC
Phone
8038733479
Tax Period
2024-06-01 to 2025-05-31

Kappa Sigma Fraternity Housing Corp of Columbia, founded in 1975, is a small nonprofit that reported $786K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 21% operating margin.

Mission

Promote and foster the fraternal principles and ideals of Kappa Sigma Fraternity. Assist the Kappa Sigma Fraternity Chi-Omega chapter at the University of South Carolina in legal, business, housing, boarding, and social matters.

Program Service Accomplishments

Program 1

During the school year, operate a fraternity chapter house at the University of South Carolina, with rooms for 34 student members and 1 house director, while providing library, study areas...

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During the school year, operate a fraternity chapter house at the University of South Carolina, with rooms for 34 student members and 1 house director, while providing library, study areas, university and internet computer connections, laundry, lounge and chapter needs for educational, social, recreational and brotherhood needs. House meals were provided to members for the Fall and Spring semester. Service the mortgage, reduce the debt, and maintain the property were major achievements during the year. The house is currently occupied and the chapter is in good standing with the University and Nationals. Provide a University employed house director living quarters for managing the operation of the fraternity house in a safe, economical and efficient manner. Work with the University Office of Greek Life and the Greek Village Association to effect the working of the Greek Village and ensure that student room and board fees due the Corporation are collected by the University. Provide refreshments for recruitment functions, brunch for alumni before home football games, brunch for parents of undergraduate brothers and alumni during USC Parents Weekend and entertainment for Chapter Spring and Fall Formals. Provide scholarships for undergraduate brothers to attend summer leadership conclaves and the biennial Grand Conclave.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $767,965
Investment Income $1,932
Other Revenue $16,062
TOTAL REVENUE $785,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,314
Fundraising Expenses $0
Other Expenses $417,811
TOTAL EXPENSES $620,125

Year-over-Year Comparison

2024 2023 Change
Revenue $785,959 $558,301 +0.4%
Expenses $620,125 $623,410 0.0%
Net Income $165,834 $-65,109 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Drew Welp Treasurer 1.00
Officer Director
$0 $0 $0
Adam Lambert Director 1.00
Officer Director
$0 $0 $0
Max Nelson Director 1.00
Officer Director
$0 $0 $0
Ben Hinson Director 1.00
Officer Director
$0 $0 $0
Vann Mullis Director 1.00
Officer Director
$0 $0 $0
Ryan Maltba President 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $785,959 $620,125 $1,537,436 $165,834
2024 $558,301 $623,410 $1,369,200 $-65,109
2023 $502,347 $545,012 $1,434,309 $-42,665
2022 $392,084 $416,586 $1,479,865 $-24,502
2021 $412,004 $412,667 $1,510,133 $-663
2020 $565,369 $360,408 $1,502,139 $204,961
2019 $579,195 $380,968 $1,347,349 $198,227
2018 $446,873 $476,062 $1,246,574 $-29,189
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