The Endowment Fund Of The Phi Kappa Psi Fraternity
- Assets
- $26.1m
- Revenue
- $5.3m
- Investments
- $800.6k
- Employees
- 22
- Location
- Indianapolis, IN
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 36-6130655
Organization Overview
The Endowment Fund Of The Phi Kappa Psi Fraternity, operating under the name Phi Kappa Psi Fnd Phi Psi Foundation, is located in Indianapolis, IN. The organization was established in 1988. 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 12/2021, Phi Kappa Psi Fnd Phi Psi Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Kappa Psi Fnd Phi Psi 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 12/2021, Phi Kappa Psi Fnd Phi Psi Foundation generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Phi Kappa Psi Fnd Phi Psi Foundation has awarded 68 individual grants totaling $12,549,702. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE DEVELOPMENT OF LEADERS AND TO PROMOTE ACADEMIC EXCELLENCE IN HIGHER EDUCATION BY PROVIDING STUDENTS WITH SCHOLARSHIPS AND AWARDS AND BY SUPPORTING EDUCATIONAL PROJECTS AND PROGRAMS FOR THEIR BENEFIT.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin S M Nicol Chief Executive Officer | Officer | 40 | $154,114 |
Drew M Thawley Chief Advancement Officer | Officer | 40 | $152,342 |
Pamela Hawkins Chief Financial Officer | Officer | 40 | $120,585 |
Zack T Longwell Chief Executive Officer Of Nli | Officer | 40 | $103,411 |
James C Denny Chairman | OfficerTrustee | 10 | $0 |
Bruce A Jackson Secretary/treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $249,728 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,716,030 |
| Noncash contributions included in lines 1a–1f | $293,595 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,965,758 |
| Total Program Service Revenue | $156,448 |
| Investment income | $1,170,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,236 |
| Net Gain/Loss on Asset Sales | $472,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,253,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $936,086 |
| Grants and other assistance to domestic individuals. | $333,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $611,908 |
| Compensation of current officers, directors, key employees. | $146,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $605,162 |
| Pension plan accruals and contributions | $24,018 |
| Other employee benefits | $44,748 |
| Payroll taxes | $82,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,166 |
| Fees for services: Accounting | $34,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,189 |
| Fees for services: Other | $245,099 |
| Advertising and promotion | $82,025 |
| Office expenses | $48,804 |
| Information technology | $20,296 |
| Royalties | $0 |
| Occupancy | $104,756 |
| Travel | $78,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,343 |
| Interest | $140,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,005 |
| Insurance | $25,815 |
| All other expenses | $62,274 |
| Total functional expenses | $5,320,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125,705 |
| Savings and temporary cash investments | $900,612 |
| Pledges and grants receivable | $697,621 |
| Accounts receivable, net | $293,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,572,548 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,008 |
| Net Land, buildings, and equipment | $1,740,465 |
| Investments—publicly traded securities | $17,413,499 |
| Investments—other securities | $800,612 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,682 |
| Total assets | $26,119,752 |
| Accounts payable and accrued expenses | $237,541 |
| Grants payable | $0 |
| Deferred revenue | $444,875 |
| 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 | $7,309,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,421 |
| Total liabilities | $8,065,414 |
| Net assets without donor restrictions | -$4,328,235 |
| Net assets with donor restrictions | $22,382,573 |
| 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 | $26,119,752 |
Grants Awarded
Over the last fiscal year, The Endowment Fund Of The Phi Kappa Psi Fraternity has awarded $916,759 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: EDUCATIONAL AREA GRANTS | $396,439 |
Grandville, MI PURPOSE: EDUCATIONAL OPERATING GRANTS | $229,424 |
Naperville, IL PURPOSE: EDUCATIONAL OPERATING GRANT | $76,980 |
West Des Moines, IA PURPOSE: EDUCATIONAL OPERATING GRANTS | $63,938 |
Ann Arbor, MI PURPOSE: EDUCATIONAL OPERATING GRANT | $59,661 |
Champaign, IL PURPOSE: EDUCATION AREA GRANTS | $40,960 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Endowment Fund Of The Phi Kappa Psi Fraternity has recieved totaling $84,121.
| Awarding Organization | Amount |
|---|---|
Hunter Brooks Watson Memorial Fund McLean, VA PURPOSE: Supports the educational and leadership programs of this non-profit organization which assists the Hunter Brooks Watson Memorial Fund on college campuses to encourage students to sign Hunter's Pledge to End Dristracted Driving. | $21,541 |
Solon E Summerfield Foundation Inc Bethesda, MD PURPOSE: ENDOWMENT/GENERAL OPERATING SUPPORT | $21,294 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $9,450 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $9,091 |
Schwartz Wiekamp Foundation Granger, IN PURPOSE: GRANT FOR INDIANA DELTA CHAPTER OPERATING FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $991,545 |
| Earnings | $119,456 |
| Admin Expense | $23,085 |
| Ending Balance | $1,087,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |