Zeta Sigma House Corporation of Kappa Kappa Gamma Fraternity Inc

Nonprofit profile at a glance

EIN
752620706
IRS 990 coverage
2020–2021
Forms available
Form 990 2021
Location
Copper Canyon, TX, USA
Phone
9722356534
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Sororities, Fraternities

Reported finances

Revenue
$174,833
Expenses
$197,355
Assets
$315,837
Liabilities
$17,931

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • MOLLY CHANDLER (PRESIDENT)

People named in this filing

  • MOLLY CHANDLER (PRESIDENT)
  • MARY SCOTT (TREASURER)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Zeta sigma house corporation is a corporation organized by its members to provide a sorority meeting room to the local chapter of kappa kappa gamma fraternity, inc. An irc sec. 501(c)(7) sorority, at the university of north Texas. Zeta sigma is responsible for maintenance, upkeep and management of a sorority house including meeting room for the local chapter members. Zeta sigma has regular gatherings of its memebrs to help during rush and at social gatherings to help the college members with sorority business. Zeta sigma's members are alumni of kappa kappa gamma, an irc sec. 501(c)(7) organization. During social gatherings, members of zeta sigma are encouraged to promote the values and ideals as prescribed by the national sorotity. Members of zeta sigma interact with college sorority members on a very personal level to help insure the success of the college sorority experience. Effective in the fall of 2004, zeta sigma house corporation also provides living quarters for up to 25 member

What it reported doing in 2021

Expenses are for the maintenance, upkeep and management of the sorority house including a meeting room for the local chapter members.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
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. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 34
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.9%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.6; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 19.6% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: -3.2% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 14 of 14 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.