Kappa Alpha Theta Association

Nonprofit profile at a glance

EIN
466016331
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Indianapolis, IN, USA
Phone
3178768593
Rating confidence
Limited
Sector
Student Sororities, Fraternities

Reported finances

Revenue
$0
Expenses
$1,437
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ELIZABETH CORRIDAN (VICE PRESIDENT/SECRETARY)
  • MARY JANE BEACH (VICE PRESIDENT)
  • LEAH HARTMAN (PRESIDENT)
  • CATHERINE KELLIE DICKERSON (VICE PRESIDENT/TREASURER)
  • ERICA OCHS (VICE PRESIDENT)
  • TERESA SMITH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELIZABETH CORRIDAN (VICE PRESIDENT/SECRETARY): $266,289 total reported compensation
  • JEFFREY RISSER (CHIEF FINANCIAL OFFICER): $172,419 total reported compensation
  • TERESA SMITH (EXECUTIVE DIRECTOR): $117,386 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide housing

What it reported doing in 2022

The corporation provides and manages the chapter headquarters for the alpha rho chapter of the kappa alpha theta collegiate sororty which provides a place to foster friendship, promote educational and cultural interests, and develop the maturity of the members.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 60
  • Accountability: 82
  • Sustainability: 1
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5,152.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 12% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: -5.3% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: -2.1% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $266K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 2 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.