Nonprofit · EIN 56-6095067
KAPPA COUNCIL INC
Tax-exempt · WAKE FOREST, NC 27587
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $254,901 | $282,914 | -$28,013 | $1,473,787 | $140,598 | $1,333,189 |
| December 31, 2023 | 990 | $230,759 | $241,830 | -$11,071 | $1,577,222 | $216,020 | $1,361,202 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,000
- Program service revenue
- $252,901
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $282,914
- Program services (functional)
- $282,914
Balance sheet and other
- Total assets, start of year
- $1,577,222
- Total assets, end of year
- $1,473,787
- Total liabilities, end of year
- $140,598
- Net assets, end of year
- $1,333,189
- Land, buildings and equipment
- $1,402,503
- Gross receipts
- $254,901
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1961
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stuart Hicks | President Trustee or director, Officer | 20 | $0 |
| Stephen C Shaw | Treasurer Trustee or director, Officer | 5 | $0 |
| Tom Stevens | Director Trustee or director | 5 | $0 |
| Trey Bright | Counsel Trustee or director | 5 | $0 |
| Ryan Ferraioli | Director Trustee or director | 5 | $0 |
| Tyler Aiken | Director Trustee or director | 5 | $0 |
| Harrison Locklear | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stuart Hicks | President Trustee or director, Officer | 20 | $0 |
| Stephen C Shaw | Treasurer Trustee or director, Officer | 5 | $0 |
| Tom Stevens | Director Trustee or director | 2 | $0 |
| Trey Bright | Counsel Trustee or director | 2 | $0 |
| Ryan Ferraioli | Director Trustee or director | 2 | $0 |
| Tyler Aiken | Director Trustee or director | 3 | $0 |
| Harrison Locklear | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2137 POSSUM TROT RD, WAKE FOREST, NC 27587-6652
- In care of
- % CUTHBERT DAVENPORT
- Mailing address (990-N for 2009)
- 7136 WHISTLER WAY, MATTHEWS NC 281056793
- Principal officer (990 for 2024)
- Stephen C Shaw, 2137 Possum Trot Road, Wake Forest, NC 27587
- Principal officer (990-N for 2009)
- CUTHBERT DAVENPORT, 7136 WHISTLER WAY, MATTHEWS NC 281056793
- Signed the 990
- Stephen Shaw, Treasurer
- Phone
- (919) 906-0697
Mission
Provide housing and academic support to the student members of Pi Kappa Phi fraternity at The University of North Carolina at Chapel Hill.
Program accomplishments
- Provide housing and academic support to undergraduate members of fraternity chapter. This includes approximately 30 students who live in the fraternity chapter house and another 50 active student members. Rents and related fees are collected by Kappa Council Inc from members of the student chapter. Monthly mortgage payment on chapter house, utilities and other expenses related to the operations and maintenance of the chapter house are paid by Kappa Council Inc. Fundraising activities in which Kappa Council is engaged consists of soliciting donations from alumni members. These balances are used to fund capital improvements to the chapter house, and to pay down the mortgage balance.Expenses $282,914
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6095067
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,473,787
- Income (IRS master file)
- $254,901
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $254,901 | $282,914 | $1,473,787 | XML |
| 990 | December 2023 | $230,759 | $241,830 | $1,577,222 | XML |
| 990 | December 2022 | $217,562 | $159,218 | $1,527,936 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2009 Officer: CUTHBERT DAVENPORT | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6095067).
Questions about KAPPA COUNCIL INC
- What is the EIN of KAPPA COUNCIL INC?
- The employer identification number (EIN) of KAPPA COUNCIL INC is 56-6095067.
- Is KAPPA COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1970.
- Are donations to KAPPA COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KAPPA COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KAPPA COUNCIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KAPPA COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KAPPA COUNCIL INC?
- The 990 for the year ended December 31, 2024 names Stephen C Shaw.
- Who are the officers and directors of KAPPA COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does KAPPA COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $254,901, expenses of $282,914 and total assets of $1,473,787 at year end.
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