KAPPA SIGMA FRATERNITY BUILDING ASSOCIATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: KAPPA SIGMA FRATERNITY BUILDING ASSOCIATION (EIN 39-6089111)
Tax period: 2021-06-01 to 2022-05-31
Filed: 2023-03-01
IRS object ID: 202310609349301206
Schema version: 2021v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-03-01T11:44:23-05:00	ReturnTs
Tax Period End	2022-05-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	411676293	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	THORSEN BREIDINGER AND NOVAK PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2425 MARGARET ST N	AddressLine1Txt
City	NORTH SAINT PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	551093019	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-06-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	396089111	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KAPPA SIGMA BUILDING ASSOCIATION	BusinessNameLine1Txt
Business Name Line2	% JOE BRILL	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	KAPP	BusinessNameControlTxt
Phone	6123787600	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7400 METRO BLVD SUITE 155	AddressLine1Txt
City	EDINA	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55439	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOE BRILL	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	6123787600	PhoneNum
Signature	2022-02-03	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOE	PersonFirstNm
Person Last	BRILL	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DEVIN STAPF	PreparerPersonNm
PTIN	P01208558	PTIN
Phone	6517708822	PhoneNum
Preparation	2023-02-03	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOE BRILL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7400 METRO BLVD SUITE 155	AddressLine1Txt
City	EDINA	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55439	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$550,510	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1909	FormationYr
Legal Domicile State	WI	LegalDomicileStateCd
Activity Or Mission	KAPPA SIGMA BUILDING ASSOCIATION PROVIDES ROOM AND BOARD TO THE MEMBERS OF THE KAPPA SIGMA FRATERNITY - BETA EPSILON CHAPTER AT THE UNIVERSITY OF WISCONSIN-MADISON.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$403,409	PYProgramServiceRevenueAmt
CY Program Service Revenue	$524,553	CYProgramServiceRevenueAmt
PY Investment Income	$5,215	PYInvestmentIncomeAmt
CY Investment Income	$9,671	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$408,624	PYTotalRevenueAmt
CY Total Revenue	$534,224	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$323,855	PYOtherExpensesAmt
CY Other Expenses	$349,208	CYOtherExpensesAmt
PY Total Expenses	$323,855	PYTotalExpensesAmt
CY Total Expenses	$349,208	CYTotalExpensesAmt
PY Revenues Less Expenses	$84,769	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$185,016	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,704,000	TotalAssetsBOYAmt
Total Assets EOY	$1,715,209	TotalAssetsEOYAmt
Total Liabilities BOY	$896,494	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$740,793	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$807,506	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$974,416	NetAssetsOrFundBalancesEOYAmt
Mission	KAPPA SIGMA BUILDING ASSOCIATION PROVIDES ROOM AND BOARD TO THE MEMBERS OF THE KAPPA SIGMA FRATERNITY - BETA EPSILON CHAPTER AT THE UNIVERSITY OF WISCONSIN-MADISON.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$336,076	ExpenseAmt
Revenue	$524,553	RevenueAmt
Desc	KAPPA SIGMA BUILDING ASSOCIATION PROVIDES ROOM AND BOARD TO THE MEMBERS OF THE KAPPA SIGMA FRATERNITY - BETA EPSILON CHAPTER AT THE UNIVERSITY OF WISCONSIN-MADISON.	Desc
Total Program Service Expenses	$336,076	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	3	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	false	ConflictOfInterestPolicyInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JOE BRILL	PersonNm
Phone	6123787600	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7400 METRO BLVD SUITE 155	AddressLine1Txt
City	EDINA	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55439	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
BRIAN THOEMKE
PRESIDENT	5.00	Yes (X)	Yes (X)	$0	$0	$0
JOE BRILL
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
TONY JEWETT
SECRETARY	5.00	Yes (X)	Yes (X)	$0	$0	$0
DAVE STUESSI
MEMBER	1.00	Yes (X)		$0	$0	$0
BROOK NYSTROM
MEMBER	1.00	Yes (X)		$0	$0	$0
MATT HERBST
MEMBER	1.00	Yes (X)		$0	$0	$0
JOHN RATLIFF
MEMBER	1.00	Yes (X)		$0	$0	$0
ALEXANDER TRUGLIO
MEMBER	1.00	Yes (X)		$0	$0	$0
MIKE PIANO
MEMBER	1.00	Yes (X)		$0	$0	$0
ANDREW NIGH
MEMBER	1.00	Yes (X)		$0	$0	$0
DAVID FINANNE
MEMBER	1.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	ROOM AND BOARD	Desc
Total Revenue Column	$524,553	TotalRevenueColumnAmt
Related Or Exempt Func Income	$524,553	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$524,553	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,590	TotalRevenueColumnAmt
Exclusion	$2,590	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$19,410	SecuritiesAmt
Other	$3,957	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$16,286	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$3,124	SecuritiesAmt
Other	$3,957	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,081	TotalRevenueColumnAmt
Exclusion	$7,081	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$534,224	TotalRevenueColumnAmt
Related Or Exempt Func Income	$524,553	RelatedOrExemptFuncIncomeAmt
Exclusion	$9,671	ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$30,394	TotalAmt
Program Services	$30,394	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$18,426	TotalAmt
Program Services	$15,181	ProgramServicesAmt
Management And General	$3,245	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$3,270	TotalAmt
Management And General	$3,270	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,050	TotalAmt
Management And General	$2,050	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$41	TotalAmt
Program Services	$41	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,155	TotalAmt
Program Services	$220	ProgramServicesAmt
Management And General	$1,935	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$164,204	TotalAmt
Program Services	$164,204	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$37,477	TotalAmt
Program Services	$37,477	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$77,611	TotalAmt
Program Services	$77,611	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$13,400	TotalAmt
Program Services	$10,768	ProgramServicesAmt
Management And General	$2,632	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
TRAVEL/MILEAGE	$151	$151
MISCELLANEOUS	$29	$29

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$349,208	TotalAmt
Program Services	$336,076	ProgramServicesAmt
Management And General	$13,132	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$294,298	BOYAmt
EOY	$393,620	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,974	BOYAmt
EOY	$2,489	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,740,128	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,545,412	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,270,623	BOYAmt
EOY	$1,194,716	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$133,727	BOYAmt
EOY	$123,709	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,378	BOYAmt
EOY	$675	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,704,000	BOYAmt
EOY	$1,715,209	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$873,494	BOYAmt
EOY	$713,143	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$23,000	BOYAmt
EOY	$27,650	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$896,494	BOYAmt
EOY	$740,793	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$807,506	BOYAmt
EOY	$974,416	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$807,506	BOYAmt
EOY	$974,416	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,704,000	BOYAmt
EOY	$1,715,209	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$185,016	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$18,106	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,703,752	OtherCostOrOtherBasisAmt
Depreciation	$1,517,179	DepreciationAmt
Book Value	$1,186,573	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$36,376	OtherCostOrOtherBasisAmt
Depreciation	$28,233	DepreciationAmt
Book Value	$8,143	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,194,716	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	SECURITY DEPOSITS	Desc
Amt	$27,650	Amt

Field	Value	IRS element (for citing)
Total Liability	$27,650	TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 6	ALL ALUMNI OF THE BETA EPSILON CHAPTER OF KAPPA SIGMA AT THE UNIVERSITY OF WISCONSIN-MADISON ARE MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 7A	THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. EACH DIRECTOR IS ELECTED FOR A THREE YEAR TERM AND MAY SERVE UP TO FOUR CONSECUTIVE TERMS. TO BE ELIGIBLE FOR ELECTION TO THE BOARD OF DIRECTORS AN INDIVIDUAL MUST BE A MEMBER OF THE ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 11B	A COPY OF IRS FORM 990 IS PROVIDED TO THE BOARD FOR THEIR APPROVAL AND ACCEPTANCE BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 15A	INFORMAL BOARD APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR BOOKS AVAILABLE TO THE PUBLIC.