KAPPA SIGMA FRATERNITY BUILDING ASSOCIATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: KAPPA SIGMA FRATERNITY BUILDING ASSOCIATION (EIN 39-6089111)
Tax period: 2012-06-01 to 2013-05-31
Filed: 2013-10-03
IRS object ID: 201312769349300541
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 D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-10-03T16:53:46-05:00	Timestamp
Tax Period End Date	2013-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THORSEN BREIDINGER AND NOVAK PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2425 MARGARET ST N	AddressLine1
City	NORTH SAINT PAUL	City
State	MN	State
ZIP Code	551093019	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	396089111	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	KAPPA SIGMA BUILDING ASSOCIATION	BusinessNameLine1
Business Name Line2	% JOE BRILL	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	KAPP	NameControl
Phone	6123787600	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5437 DUPONT AVENUE S	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55419	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOE BRILL	Name
Title	PRESIDENT	Title
Phone	6123787600	Phone
Date Signed	2013-10-02	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	CHRISTOPHER T THORSEN	Name
Phone	6517708822	Phone
Date Prepared	2013-10-03	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JOE BRILL	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	5437 DUPONT AVENUE S	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55419	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	324714	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1909	YearFormation
State Legal Domicile	WI	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	15	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	271174	ProgramServiceRevenuePriorYear
Program Service Revenue CY	296722	ProgramServiceRevenueCY
Investment Income Prior Year	3747	InvestmentIncomePriorYear
Investment Income Current Year	6870	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	274921	TotalRevenuePriorYear
Total Revenue Current Year	303592	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	6840	SalariesEtcPriorYear
Salaries Etc Current Year	8000	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	290890	OtherExpensePriorYear
Other Expenses Current Year	277105	OtherExpensesCurrentYear
Total Expenses Prior Year	297730	TotalExpensesPriorYear
Total Expenses Current Year	285105	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-22809	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	18487	RevenuesLessExpensesCY
Total Assets BOY	1362044	TotalAssetsBOY
Total Assets EOY	1373013	TotalAssetsEOY
Total Liabilities BOY	709850	TotalLiabilitiesBOY
Total Liabilities EOY	692249	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	652194	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	680764	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	280205	Expense
Revenue	296722	Revenue
Description	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.	Description
Total Program Service Expense	280205	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
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
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	false	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
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	8	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
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	8	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	true	MembersOrStockholders
Election Of Board Members	true	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	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	WI	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JOE BRILL	NamePerson
Telephone Number	6123787600	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	5437 DUPONT AVENUE S	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55419	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
DAVE STUESSI
MEMBER	1.00	X	0	0	0
MATT HERBST
MEMBER	1.00	X	0	0	0
THOMAS GILLIGAN
MEMBER	1.00	X	0	0	0
JOHN RATLIFF
MEMBER	1.00	X	0	0	0
CHARLES BARNEY
MEMBER	1.00	X	0	0	0
JOE BRILL
TREASURER	7.00		8000	0	0	X
BROOK NYSTROM
PRESIDENT	5.00		0	0	0	X
BRIAN THOEMKE
VICE-PRESIDE	5.00		0	0	0	X
TONY JEWETT
SECRETARY	5.00		0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	8000	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	ROOM AND BOARD	Description
Total Revenue Column	296722	TotalRevenueColumn
Related Or Exempt Function Income	296722	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	296722	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3116	TotalRevenueColumn
Exclusion	$3,116	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	24192	Securities
Other	684	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	21122	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	3070	Securities
Other	684	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	3754	TotalRevenueColumn
Exclusion	$3,754	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	303592	TotalRevenueColumn
Related Or Exempt Function Income	296722	RelatedOrExemptFunctionIncome
Exclusion	$6,870	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	8000	Total
Program Services	8000	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	2250	Total
Management And General	2250	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	2083	Total
Management And General	2083	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	431	Total
Program Services	431	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	263	Total
Management And General	263	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	79535	Total
Program Services	79535	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	42845	Total
Program Services	42845	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	48920	Total
Program Services	48920	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	8429	Total
Program Services	8429	ProgramServices

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
MEAL PLAN	72473	72473
REPAIRS & MAINTENANCE	19572	19572
MISCELLANEOUS	304		304

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	285105	Total
Program Services	280205	ProgramServices
Management And General	4900	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	18413	BOY
EOY	52747	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	136047	BOY
EOY	145411	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2142509	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	971729	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1207584	BOY
EOY	1170780	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	4075	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1362044	BOY
EOY	1373013	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	700000	BOY
EOY	692249	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	9850	BOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	709850	BOY
EOY	692249	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	652194	BOY
EOY	680764	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	652194	BOY
EOY	680764	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1362044	BOY
EOY	1373013	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	18487	ReconcilationRevenueExpenses
Reconcilation Other Changes	10083	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2123588	OtherCostOrOtherBasis
Depreciation	968177	Depreciation
Book Value	1155411	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	18921	OtherCostOrOtherBasis
Depreciation	3552	Depreciation
Book Value	15369	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1170780	TotalOfBookValueLandBuildings

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	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.
ELECTION OF MEMBERS AND THEIR RIGHTS	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.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	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.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	INFORMAL BOARD APPROVAL.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	NET UNREALIZED GAIN ON INVESTMENTS 10,083