The Grand Chapter Of Phi Sigma Kappa
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Indianapolis, IN
- Founding
- 12/1940
- Data as of
- 06/2021
- EIN
- 23-1500981
Organization Overview
The Grand Chapter Of Phi Sigma Kappa is located in Indianapolis, IN. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Grand Chapter Of Phi Sigma Kappa employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Grand Chapter Of Phi Sigma Kappa is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Grand Chapter Of Phi Sigma Kappa generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE FRATERNAL SPIRIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE LEADERSHIP AND SCHOLASTIC ACHIEVEMENT, CHAPTER EDUCATION, EXPANSION & SUPPORT THROUGH SPECIAL EVENTS
PUBLICATION OF QUARTERLY NEWSLETTER
ADMINISTRATION OF NATIONAL LIABILITY PROGRAM FOR ALL PSK UNDERGRADUATES, ALUMNI CLUBS, AND VOLUNTEERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Zuniga Coo/exec Dir | OfficerTrustee | 40 | $136,395 |
Kathy Cannady Assoc Exec Dir | Officer | 40 | $88,381 |
Joseph Kern Assoc Exec Dir | Officer | 40 | $67,662 |
Leslie Pedigo Dir Of Educat | Officer | 40 | $53,997 |
Grant Carpenter Dir Of Chptr Sv | Officer | 40 | $46,950 |
August Farwig Assoc Exec Dir | Officer | 40 | $40,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $799,187 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,429 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,616 |
| Total Program Service Revenue | $712,613 |
| Investment income | $15,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,907,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,511 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,721 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,795 |
| Payroll taxes | $46,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,189 |
| 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 | $55,802 |
| Advertising and promotion | $0 |
| Office expenses | $32,698 |
| Information technology | $48,462 |
| Royalties | $0 |
| Occupancy | $98,169 |
| Travel | $6,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,439 |
| Insurance | $467,829 |
| All other expenses | $0 |
| Total functional expenses | $1,627,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,489 |
| Savings and temporary cash investments | $452,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,247 |
| Prepaid expenses and deferred charges | $160,932 |
| Net Land, buildings, and equipment | $128,638 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,487 |
| Other assets | $369,810 |
| Total assets | $1,615,009 |
| Accounts payable and accrued expenses | $29,318 |
| Grants payable | $0 |
| Deferred revenue | $84,408 |
| 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 | $84,910 |
| Total liabilities | $198,636 |
| Net assets without donor restrictions | $1,416,373 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,615,009 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Grand Chapter Of Phi Sigma Kappa has recieved totaling $311,122.
| Awarding Organization | Amount |
|---|---|
Phi Sigma Kappa Foundation Incorporated Indianapolis, IN PURPOSE: Leadership and Education Grants | $150,000 |
Phi Sigma Kappa Foundation Incorporated Indianapolis, IN PURPOSE: Shonk Archive/Ed Center Upgrades | $139,693 |
Phi Sigma Kappa Foundation Incorporated Indianapolis, IN PURPOSE: Publication of Signet Magazine | $21,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |