Phi Kappa Sigma Fraternity
- Assets
- $653.1k
- Revenue
- $1.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 12/1940
- Data as of
- 12/2015
- EIN
- 26-4693636
Organization Overview
Phi Kappa Sigma Fraternity is located in Madison, WI. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Kappa Sigma Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE IN AN ORGANIZED MANNER THE BEST INTERESTS OF THE UNIVERSITY OF WISCONSIN-MADISON ALPHA THETA CHAPTER OF PHI KAPPA SIGMA INTERNATIONAL FRATERNITY IN ESTABLISHING CLOSER CONTACT BETWEEN THE UNIVERSITY, FRATERNITY, UNDERGRADUATES AND GRADUATES, CREATING A SCHOLARSHIP PROGRAM TO ASSIST UNDERGRADUATE MEMBERS IN ATTENDING THE UNIVERSITY OF WISCONSIN-MADISON, AND, IN GENERAL, CONNECTING, ENRICHING AND SERVING UNIVERSITY OF WISCONSIN-MADISON ALPHA THETA CHAPTER OF PHI KAPPA SIGMA INTERNATIONAL FRATERNITY ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE IN AN ORGANIZED MANNER THE BEST INTERESTS OF THE UNIVERSITY OF WISCONSIN-MADISON, ALPHA THETA CHAPTER OF PHI KAPPA SIGMA INTERNATIONAL FRATERNITY IN ESTABLISHING CLOSER CONTACT BETWEEN THE UNIVERSITY, FRATERNITY, UNDERGRADUATES AND GRADUATES, CREATING A SCHOLARSHIP PROGRAM TO ASSIST UNDERGRADUATE MEMBERS IN ATTENDING THE UNIVERSITY OF WISCONSIN-MADISON, AND, IN GENERAL, CONNECTING, ENRICHINNG AND SERVING UNIVERSITY OF WISCONSIN-MADISON , ALPHA THETA CHAPTER OF PHI KAPPA SIGMA INTERNATIONAL FRATERNITY ALUMNI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Della Vice President | Officer | 1 | $0 |
Ted Jacobs Treasurer | Officer | 0 | $0 |
Brian Schaeffer President & CEO | Officer | 1 | $0 |
Jordan Schelling Secretary | Officer | 1 | $0 |
Jeremy Sorenson Director | Officer | 1 | $0 |
Jacob Lake Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,651 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,651 |
| Total Program Service Revenue | $2,802 |
| Investment income | $5,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,346 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,118 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,287 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $20,096 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,285 |
| 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 | $419,018 |
| Investments—publicly traded securities | $229,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $653,102 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $653,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
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Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Alpha Phi International Fraternity Inc Chicago, IL | $367,493 | $1,661,589 |
Alpha Phi International Fraternity Inc Chicago, IL | $358,828 | $1,806,685 |
Alpha Phi International Fraternity Chicago, IL | $334,026 | $1,671,045 |
Alpha Phi International Fraternity Chicago, IL | $611,846 | $1,460,195 |
Delta Kappa Epsilon Fraternity Ann Arbor, MI | $1,260,781 | $1,399,945 |
Alpha Phi International Fraternity Inc Chicago, IL | $406,793 | $1,435,017 |
Alpha Phi International Fraternity Chicago, IL | $227,097 | $1,333,558 |