Kappa Alpha Corporation of Hobart College

Nonprofit profile at a glance

EIN
160842505
IRS 990 coverage
2023–2025
Forms available
Form 990 2025
Location
North Chittenden, VT, USA
Phone
3017872775
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Sororities, Fraternities

Reported finances

Revenue
$12,227
Expenses
$34,278
Assets
$347,029
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Edward Mooney (President)
  • Phillip Scott (First Vice President)

People named in this filing

  • John A Hoff Jr (Officer)
  • Maxwell Gorton (Director)
  • Edward Mooney (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Kappa Alpha Corporation of Hobart College was formed in 1931 for the purpose of alumni support and oversight of the Kappa Alpha Society of Hobart College, an undergraduate social fraternity. The Corporation owns a residence for undergraduate students at 600 South Main Street, Geneva, New York, adjacent to Hobart College. All activities of the Corporation take place at this residence or within the college and local community. By by-law of the Corporation, members of the social fraternity chapter are also members of the Corporation upon joining the fraternity. The Corporation provides financial support, mentoring, and guidance for the undergraduate fraternity. Financial support includes maintenance of the residence, costs associated with certain proscribed activities focused on community involvement, and emergency funding of both the fraternity and individual members when necessary. Core to the mission of the corporation is leadership training and adherence to rules and social norms

What it reported doing in 2025

Mentoring of undergraduates: Leadership and Due Diligence Training. Expense includes travel expense for two alumni to visit and present training. Objective of the training is expected behavior in the residence, on campus, and in the community, with a focus on adherence to laws, college rules, and social norms. Emphasis on zero tolerance for harassment of any kind, and respect for individuals.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 90
  • Accountability: 12
  • Sustainability: 40
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 10th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -180.3%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 10.12; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 150% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -119.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.7% of spending went to programs
  • Governance: 0 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $28K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.