Phi Sigma Kappa Foundation Incorporated
- Assets
- $2.2m
- Revenue
- $750.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1949
- Data as of
- 06/2021
- EIN
- 23-6261152
Organization Overview
Phi Sigma Kappa Foundation Incorporated is located in Indianapolis, IN. The organization was established in 1949. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Sigma Kappa Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Phi Sigma Kappa Foundation Incorporated generated $750.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $708.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phi Sigma Kappa Foundation Incorporated has awarded 11 individual grants totaling $817,743. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATIONAL, LITERARY, AND CHARITABLE PURPOSE BY PROMOTING SCHOLARSHIPS, STUDENT AID, AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS, THE DEVELOPMENT AND FOSTERING OF THE AIMS AND PURPOSES OF THE EDUCATIONAL WORK OF THE NATIONAL FRATERNITY OF PHI SIGMA KAPPA AND OTHER CHARITABLE PURPOSES AS MAY BE DEEMED FROM TIME TO TIME BY THE FOUNDATION'S TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO MEMBERS OF THE GRAND CHAPTER OF PHI SIGMA KAPPA, GRANTS GIVEN TO THE GRAND CHAPTER AND GRANTS GIVEN TO INDIVIDUAL CHAPTERS OF THE GRAND CHAPTER.
SUPPORT TO THE GRAND CHAPTER OF PHI SIGMA KAPPA PUBLICATION (THE SIGNET)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Zuniga Chief Oper Ofc | OfficerTrustee | 10 | $136,395 |
Adam C Carter Vice President | OfficerTrustee | 10 | $0 |
Sean B Eaves Secretary | OfficerTrustee | 10 | $0 |
Mark D Cowan VP Alumni Devel | OfficerTrustee | 10 | $0 |
John P Sheehan President | OfficerTrustee | 10 | $0 |
Thomas Grunwald Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $578,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,285 |
| Total Program Service Revenue | $0 |
| Investment income | $36,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,000 |
| Net Gain/Loss on Asset Sales | $83,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $465,425 |
| Grants and other assistance to domestic individuals. | $20,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $131,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,715 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,524 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $708,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,494 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $90,295 |
| Investments—publicly traded securities | $1,937,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,194,281 |
| Accounts payable and accrued expenses | $1,646 |
| 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 | $0 |
| Total liabilities | $1,646 |
| Net assets without donor restrictions | $581,733 |
| Net assets with donor restrictions | $1,610,902 |
| 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 | $2,194,281 |
Grants Awarded
Over the last fiscal year, Phi Sigma Kappa Foundation Incorporated has awarded $465,425 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: Leadership and Education Grants | $150,000 |
Indianapolis, IN PURPOSE: Shonk Archive/Ed Center Upgrades | $139,693 |
DELTA TRITON CHPT OF PS KAPPA PURPOSE: Provide programming, facilities, eq | $115,264 |
PS KAPPA ALUMNI ASSN FSU PURPOSE: Educ portions of building prOJECT | $22,616 |
Indianapolis, IN PURPOSE: Publication of Signet Magazine | $21,429 |
PENNINGTON AND COMPANY PURPOSE: Feasibility & Marketing for housing | $9,864 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Phi Sigma Kappa Foundation Incorporated has recieved totaling $20,589.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $339 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 04/07/21 | $250 |
Endowment Analysis
| Beg. Balance | $1,415,003 |
| Earnings | $306,499 |
| Net Contributions | $267,536 |
| Grants | $378,136 |
| Ending Balance | $1,610,902 |
Peer Organizations
| 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 |