KAPPA FOUNDATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: KAPPA FOUNDATION (EIN 47-0809384)
Tax period: 2012-09-01 to 2013-08-31
Filed: 2014-06-30
IRS object ID: 201421819349300707
Schema version: 2012v2.3
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 A
Schedule B
Schedule D
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-06-30T14:28:58-05:00	Timestamp
Tax Period End Date	2013-08-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BUCKLEY & SITZMAN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3901 NORMAL BLVD STE 100	AddressLine1
City	LINCOLN	City
State	NE	State
ZIP Code	685065200	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-09-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	470809384	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	KAPPA FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	KAPP	NameControl
Phone	4023804969	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 5839	AddressLine1
City	LINCOLN	City
State	NE	State
ZIP Code	68505	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ROSS JENSEN	Name
Title	TREASURER	Title
Phone	4023804969	Phone
Date Signed	2014-06-26	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	SUMAN VALLABHBHAI CPA	Name
Phone	4024847676	Phone
Date Prepared	2014-06-26	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Gross Receipts	701091	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1998	YearFormation
State Legal Domicile	NE	StateLegalDomicile
Activity Or Mission Description	KAPPA FOUNDATION PROVIDES HOUSING AND SCHOLARSHIP SUPPORT TO STUDENTS ATTENDING THE UNIVERSITY OF NEBRASKA-LINCOLN, PRIMARILY THOSE ENROLLED IN THE COLLEGE OF AGRICULTURAL SCIENCES AND NATURAL RESOURCES. THE FOUNDATION SUPPORTS AN EDUCATIONAL ENVIRONMENT CONDUCIVE TO BOTH FORMAL AND INFORMAL EDUCATION IN ORDER TO ENCOURAGE AND INFLUENCE A BROADER AND BETTER AGRICULTURE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	11	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	436711	ContributionsGrantsPriorYear
Contributions Grants Current Year	606013	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	91855	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	73641	InvestmentIncomePriorYear
Investment Income Current Year	7348	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	602207	TotalRevenuePriorYear
Total Revenue Current Year	613361	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	812	TotalFundrsngExpCurrentYear
Other Expense Prior Year	79705	OtherExpensePriorYear
Other Expenses Current Year	25179	OtherExpensesCurrentYear
Total Expenses Prior Year	79705	TotalExpensesPriorYear
Total Expenses Current Year	25179	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	522502	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	588182	RevenuesLessExpensesCY
Total Assets BOY	2410091	TotalAssetsBOY
Total Assets EOY	5320351	TotalAssetsEOY
Total Liabilities BOY	9750	TotalLiabilitiesBOY
Total Liabilities EOY	2347500	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2400341	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2972851	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	KAPPA FOUNDATION PROVIDES HOUSING AND SCHOLARSHIP SUPPORT TO STUDENTS ATTENDING THE UNIVERSITY OF NEBRASKA-LINCOLN, PRIMARILY THOSE ENROLLED IN THE COLLEGE OF AGRICULTURAL SCIENCES AND NATURAL RESOURCES. THE FOUNDATION SUPPORTS AN EDUCATIONAL ENVIRONMENT CONDUCIVE TO BOTH FORMAL AND INFORMAL EDUCATION IN ORDER TO ENCOURAGE AND INFLUENCE A BROADER AND BETTER AGRICULTURE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	24187	Expense
Description	EDUCATIONAL SCHOLARSHIPS FOR STUDENTS ATTENDING THE UNIVERSITY OF NEBRASKA-LINCOLN, PRIMARILY THOSE ENROLLED IN THE COLLEGE OF AGRICULTURAL SCIENCES AND NATURAL RESOURCES OR THOSE PURSUING POST-GRADUATE CAREERS RELATED TO AGRICULTURE.	Description
Total Program Service Expense	24187	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	ROSS JENSEN	NamePerson
Telephone Number	4023804969	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 5839	AddressLine1
City	LINCOLN	City
State	NE	State
ZIP Code	68505	ZIPCode

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

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
MIKE MUNTER
TRUSTEE	1.00	X	0	0	0
DOYLE HULME
TRUSTEE	3.00	X	0	0	0
RON GRAPES
TRUSTEE	1.00	X	0	0	0
ROGER WEHRBEIN
PRESIDENT	4.00	X	0	0	0	X
W R STEPHENS
TRUSTEE	1.00	X	0	0	0
CRAIG UDEN
TRUSTEE	1.00	X	0	0	0
MERLE SCHINES
SECRETARY	2.00	X	0	0	0	X
KENT KUHR
TRUSTEE	3.00	X	0	0	0
KEITH CARLSON
TRUSTEE	3.00	X	0	0	0
ROSS JENSEN
TREASURER	5.00		0	0	0	X

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	606013	AllOtherContributions
Noncash Contributions	77730	NoncashContributions
Total Contributions	606013	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	5997	TotalRevenueColumn
Exclusion	$5,997	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	89049	Securities
Other	32	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	87730	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	1319	Securities
Other	32	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	1351	TotalRevenueColumn
Exclusion	$1,351	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	613361	TotalRevenueColumn
Exclusion	$7,348	ExclusionAmount

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	19105	Total
Program Services	19105	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	963	Total
Program Services	963	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
BANK / CREDIT CARD FEES	2206	2206
MISCELLANEOUS	1313	1313
SUPPLIES	992		180	812
SCHOLARSHIPS	600	600

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	25179	Total
Program Services	24187	ProgramServices
Management And General	180	ManagementAndGeneral
Fundraising	812	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	40306	BOY
EOY	48153	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	439037	BOY
EOY	3383	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	5155439	LandBuildingsEquipmentBasis

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1678537	BOY
EOY	5155439	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	252118	BOY
EOY	113234	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	93	BOY
EOY	142	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2410091	BOY
EOY	5320351	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
EOY	2347500	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	9750	BOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	9750	BOY
EOY	2347500	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2400341	BOY
EOY	2882601	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
EOY	90250	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2400341	BOY
EOY	2972851	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2410091	BOY
EOY	5320351	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	588182	ReconcilationRevenueExpenses
Reconcilation Other Changes	-15672	ReconcilationOtherChanges
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	true	AccountantCompileOrReview

Accountant Compile Or Review Basis AccountantCompileOrReviewBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	39844	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	244994	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	330447	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	436712	CurrentTaxYearMinus1Year
Current Tax Year	606013	CurrentTaxYear
Total	1658010	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	39844	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	244994	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	330447	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	436712	CurrentTaxYearMinus1Year
Current Tax Year	606013	CurrentTaxYear
Total	1658010	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	393713	AmountsSubstContributorsTotal
Public Support Total170	1264297	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	26178	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	17433	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	17197	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	73641	CurrentTaxYearMinus1Year
Current Tax Year	5997	CurrentTaxYear
Total	140446	Total

Field	Value	IRS element (for citing)
Total Support	1798456	TotalSupport
Public Support Pertcentage170	0.70300	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.61610	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	917370	OtherCostOrOtherBasis
Book Value	917370	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4044744	OtherCostOrOtherBasis
Book Value	4044744	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	193325	OtherCostOrOtherBasis
Book Value	193325	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5155439	TotalOfBookValueLandBuildings

Schedule M IRS990ScheduleM

Other Non Cash Contributions Table OtherNonCashContributionsTable

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	3	NumberOfContributions
Noncash Contribs Rptd F990	77730	NoncashContribsRptdF990

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	KAPPA FOUNDATION PROVIDES HOUSING AND SCHOLARSHIP SUPPORT TO STUDENTS ATTENDING THE UNIVERSITY OF NEBRASKA-LINCOLN, PRIMARILY THOSE ENROLLED IN THE COLLEGE OF AGRICULTURAL SCIENCES AND NATURAL RESOURCES. THE FOUNDATION SUPPORTS AN EDUCATIONAL ENVIRONMENT CONDUCIVE TO BOTH FORMAL AND INFORMAL EDUCATION IN ORDER TO ENCOURAGE AND INFLUENCE A BROADER AND BETTER AGRICULTURE.
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS	FORM 990, PAGE 1, PART I, LINE 6	TRUSTEES AND OFFICERS ARE ALL VOLUNTEERS, AS WELL AS ONE INDIVIDUAL WHO KEEPS TRACK OF ANY PLEDGES AND DONATIONS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	TREASURER REVIEWS FORM 990 BEFORE FILING
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE AVAILABLE FROM SEC/TREASURER
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	UNREALIZED GAIN ON INVESTMENTS 1,937 RESTATEMENT DUE TO PRIOR YEAR ERROR 17,609 PRIOR YEAR ERROR IN REPORTED INVESTMENTS, AND SHOWN AS INVESTMENT INCOME, CORRECTED THRU NET ASSETS IN CURRENT YEAR.