Nonprofit · EIN 15-6022994
KAPPA FOUNDATION INC
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $222,485 | $140,008 | $82,477 | $1,438,889 | $268,456 | $1,170,433 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $835
- Membership dues
- $835
- Program service revenue
- $221,650
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,939
- Occupancy
- $78,787
- Depreciation
- $18,427
Balance sheet and other
- Total assets, start of year
- $1,379,543
- Total assets, end of year
- $1,438,889
- Total liabilities, end of year
- $268,456
- Net assets, end of year
- $1,170,433
- Land, buildings and equipment
- $1,289,736
- Gross receipts
- $222,485
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1946
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BURROWS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT GOLDSTEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAVE COYNE | DIRECTOR-ALUMNUS FACILITY Trustee or director | 1 | $0 |
| MICHAEL CIMINI | DIRECTOR Trustee or director | 1 | $0 |
| ALAN GARCIA | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE OSTROFF | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO SCIARABBA WALKER 410 E UPLAND, ITHACA, NY 14850-0000
- In care of
- % SCIARABBA WALKER
- Principal officer (990 for 2024)
- DAVID BURROWS, CO SCIARABBA WALKER 410 E UPLAND, ITHACA, NY 14850
- Signed the 990
- DAVID BURROWS, PRESIDENT
- Phone
- (607) 272-5550
- Return prepared by
- SCIARABBA WALKER & CO LLP
Mission
SEE BELOW
Program accomplishments
- PROVIDE UNDERGRADUATE MATRICULATED CORNELL STUDENTS WHO ARE MEMBERS OF THE FRATERNITY HOUSING, MEAL PLANS, AND A SPACE FOR CHAPTER FUNCTIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 15-6022994
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,438,889
- Income (IRS master file)
- $222,485
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $223,179 | $147,523 | $1,379,543 | IRS |
| 990 | June 2023 | $176,035 | $133,745 | $1,323,367 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about KAPPA FOUNDATION INC
- What is the EIN of KAPPA FOUNDATION INC?
- The employer identification number (EIN) of KAPPA FOUNDATION INC is 15-6022994.
- Is KAPPA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1947.
- Are donations to KAPPA FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KAPPA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KAPPA FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KAPPA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KAPPA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names DAVID BURROWS.
- Who are the officers and directors of KAPPA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does KAPPA FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $222,485, expenses of $140,008 and total assets of $1,438,889 at year end.
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