Phi Kappa Tau Foundation
- Assets
- $17.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, OH
- Founding
- 01/1950
- Data as of
- 06/2021
- EIN
- 31-6024975
Organization Overview
Phi Kappa Tau Foundation is located in Oxford, OH. The organization was established in 1950. 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 Kappa Tau 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 06/2021, Phi Kappa Tau Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 0.4% 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.
Since 2015, Phi Kappa Tau Foundation has awarded 19 individual grants totaling $2,775,539. 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 SUPPORT THE EDUCATIONAL UNDERTAKING OF THE PHI KAPPA TAU FRATERNITY AND ITS CHAPTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNITY EDUCATIONAL SUPPORT - PROVIDES SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS OF THE FRATERNITY.
SCHOLARSHIPS - PROVIDES FUNDS FOR SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PHI KAPPA TAU UNDERGRADUATES AND ALUMNI.
GRANTS TO CAMPS SERVING CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES INCLUDING TRAVEL REIMBURSEMENT OF MEMBERS WHO VOLUNTEER AT ONE OF THE CAMPS.
GRANT TO SPONSOR IMPROVEMENTS TO LOCAL HOSPITAL AND DONATION OF PAINTING TO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Timothy Hudson Chief Executive | OfficerTrustee | 60 | $42,000 |
Wes Fugate Chairman | OfficerTrustee | 10 | $0 |
F Harrison Green Vice-Chairman | OfficerTrustee | 5 | $0 |
Warren Mattox Secretary | OfficerTrustee | 5 | $0 |
Brian T Hardy Treasurer | OfficerTrustee | 10 | $0 |
Will S Fischer III Trustee | Trustee | 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 | $513,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,726 |
| Total Program Service Revenue | $0 |
| Investment income | $3,094,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,611,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $556,063 |
| Grants and other assistance to domestic individuals. | $38,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,999 |
| Compensation of current officers, directors, key employees. | $14,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,268 |
| Pension plan accruals and contributions | $5,810 |
| Other employee benefits | $15,875 |
| Payroll taxes | $14,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,750 |
| Fees for services: Accounting | $30,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,165 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,178 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,890 |
| Royalties | $0 |
| Occupancy | $26,163 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,745 |
| Insurance | $10,956 |
| All other expenses | $10,760 |
| Total functional expenses | $1,082,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $752,801 |
| Pledges and grants receivable | $768,146 |
| 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 | $10,485 |
| Net Land, buildings, and equipment | $680,205 |
| Investments—publicly traded securities | $8,927,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,021,905 |
| Total assets | $17,161,276 |
| Accounts payable and accrued expenses | $44,302 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $93,589 |
| 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 | $646,438 |
| Total liabilities | $784,329 |
| Net assets without donor restrictions | $5,185,389 |
| Net assets with donor restrictions | $11,191,558 |
| 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 | $17,161,276 |
Grants Awarded
Over the last fiscal year, Phi Kappa Tau Foundation has awarded $556,063 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PHI KAPPA TAU FRATERNITY - AFFILIATED CHAPTER'S PURPOSE: EDUCATIONAL | $447,563 |
Norwalk, CT PURPOSE: ALL GRANTS WERE EDUCATIONAL | $73,000 |
PHI KAPPA TAU FRATERNITY PURPOSE: EDUCATIONAL | $35,000 |
Oxford, OH PURPOSE: EDUCATIONAL | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phi Kappa Tau Foundation has recieved totaling $6,030.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,030 |
Endowment Analysis
| Beg. Balance | $4,364,033 |
| Ending Balance | $4,364,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Sigma Phi Fraternity Inc Carmel, IN | $4,417,023 | $3,578,190 |
Richmond Property Group Ltd Indianapolis, IN | $27,750,177 | $3,183,592 |