Phi Kappa Phi Foundation
- Assets
- $0.0
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Baton Rouge, LA
- Founding
- 04/1970
- Data as of
- 03/2021
- EIN
- 23-7044263
Organization Overview
Phi Kappa Phi Foundation is located in Baton Rouge, LA. The organization was established in 1970. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 02/2021, Phi Kappa Phi Foundation employed 22 individuals. Phi Kappa Phi Foundation 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 03/2021, Phi Kappa Phi Foundation generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $1.1m during the year ending 03/2021. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 RECOGNIZE AND PROMOTE ACADEMIC EXCELLENCE IN ALL FIELDS OF HIGHER EDUCATION AND TO ENGAGE THE COMMUNITY OF SCHOLARS IN SERVICE TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIFTY-FIVE FELLOWSHIPS IN SUPPORT OF FIRST-YEAR GRADUATE OR PROFESSIONAL STUDIES WERE AWARDED. EACH FELLOWSHIP RECIPIENT RECEIVED A $35 ONE YEAR MEMBERSHIP IN PHI KAPPA PHI.
THE LOVE OF LEARNING AWARDS HELP FUND POST-BACCALAUREATE STUDIES AND/OR CAREER DEVELOPMENT FOR ACTIVE PHI KAPPA PHI MEMBERS TO INCLUDE (BUT NOT LIMITED TO): GRADUATE OR PROFESSIONAL STUDIES, DOCTORAL DISSERTATIONS, CONTINUING EDUCATION, CAREER DEVELOPMENT, AND SIMILAR PROJECTS. ONE HUNDRED NINETY-NINE AWARDS OF $500 EACH WERE GRANTED.
DISSERTATION FELLOWSHIPS ARE AWARDED ANNUALLY TO MEMBERS WHO ARE DOCTORAL CANDIDATES.
FIFTY-FIVE FELLOWSHIPS IN SUPPORT OF FIRST-YEAR GRADUATE OR PROFESSIONAL STUDIES WERE AWARDED. EACH FELLOWSHIP RECIPIENT RECEIVED A $35 ONE YEAR MEMBERSHIP IN PHI KAPPA PHI.
THE LOVE OF LEARNING AWARDS HELP FUND POST-BACCALAUREATE STUDIES AND/OR CAREER DEVELOPMENT FOR ACTIVE PHI KAPPA PHI MEMBERS TO INCLUDE (BUT NOT LIMITED TO): GRADUATE OR PROFESSIONAL STUDIES, DOCTORAL DISSERTATIONS, CONTINUING EDUCATION, CAREER DEVELOPMENT, AND SIMILAR PROJECTS. ONE HUNDRED NINETY-NINE AWARDS OF $500 EACH WERE GRANTED.
DISSERTATION FELLOWSHIPS ARE AWARDED ANNUALLY TO MEMBERS WHO ARE DOCTORAL CANDIDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Todd PHD Secretary | Officer | 11.25 | $58,636 |
Lourdes Barro Treasurer (7/1/20-11/30/20) | Officer | 11.25 | $52,926 |
Traci Navarre Chief Operating Officer | Officer | 11.25 | $39,162 |
Brad Jewell Treasurer (11/30/20 - Present) | Officer | 26.25 | $4,574 |
Robert Rogow PHD Chair | OfficerTrustee | 0.5 | $0 |
Wendy Lawrence Trustee | Trustee | 0.5 | $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 | $98,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,690 |
| Total Program Service Revenue | $0 |
| Investment income | $566,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,689,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,353,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $811,146 |
| 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 | $112,731 |
| Pension plan accruals and contributions | $13,631 |
| Other employee benefits | $12,725 |
| Payroll taxes | $7,929 |
| Fees for services: Management | $3,096 |
| Fees for services: Legal | $45,612 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,636 |
| Fees for services: Other | $2,430 |
| Advertising and promotion | $6,392 |
| Office expenses | $29,852 |
| Information technology | $2,830 |
| Royalties | $0 |
| Occupancy | $187 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $6,722 |
| All other expenses | $0 |
| Total functional expenses | $1,079,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Endowment Analysis
| Beg. Balance | $35,148,199 |
| Earnings | $7,052,606 |
| Admin Expense | $223,325 |
| Net Contributions | $98,690 |
| Other Expense | $41,265,024 |
| Grants | $811,146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |