Phi Kappa Sigma Fraternity Grand Chapter is located in Carmel, IN. The organization was established in 1940. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 07/2020, Phi Kappa Sigma Fraternity Grand Chapter employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Kappa Sigma Fraternity Grand Chapter is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2020, Phi Kappa Sigma Fraternity Grand Chapter generated $884.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $931.4k during the year ending 07/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE VARIOUS EDUCATIONAL ACTIVITIES FOR MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Wolf Exec Director | Trustee | 40 | $82,500 |
R Philip Petrowski Vice President | OfficerTrustee | 2 | $0 |
David Smith President | OfficerTrustee | 2 | $0 |
Brendon Egan Vice President | OfficerTrustee | 2 | $0 |
Hamilton F Smith Secretary | OfficerTrustee | 2 | $0 |
Gil Lizalde Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $136,767 |
Investment income | $5,729 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $14,092 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,386 |
Miscellaneous Revenue | $0 |
Total Revenue | $884,774 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $82,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $177,211 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,695 |
Payroll taxes | $19,561 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,829 |
Fees for services: Accounting | $22,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,765 |
Advertising and promotion | $246 |
Office expenses | $100,519 |
Information technology | $78,465 |
Royalties | $0 |
Occupancy | $36,348 |
Travel | $86,646 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $52 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,702 |
Insurance | $259,998 |
All other expenses | $0 |
Total functional expenses | $931,404 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $637,567 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $36,182 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $14,513 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $59,175 |
Investments—publicly traded securities | $611,480 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,419,369 |
Accounts payable and accrued expenses | $35,414 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $165,537 |
Total liabilities | $200,951 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $1,218,418 |
Organization Name | Assets | Revenue |
---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |