Phi Kappa Sigma Fraternity is located in Lafayette, IN. The organization was established in 1940. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations 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.
For the year ending 06/2022, Phi Kappa Sigma Fraternity generated $162.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $159.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOUSING FOR PURDUE UNIVERSITY STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Dempsey President | 1 | $0 | |
Evan Marks Secretary | 1 | $0 | |
A Zachary Pierzakowski Treasurer | 1 | $0 | |
Nikash Nagajothi Vice Preside | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $162,846 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $162,846 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $10,725 |
Occupancy, rent, utilities, and maintenance | $59,383 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $89,434 |
Total expenses | $159,542 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $4,576 |
Other assets | $0 |
Total assets | $4,576 |
Total liabilities | $0 |
Net assets or fund balances | $4,576 |
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