Phi Kappa Tau Fraternity
- Assets
- $286.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hancock, MI
- Founding
- 02/1941
- Data as of
- 06/2022
- EIN
- 38-1555957
Organization Overview
Phi Kappa Tau Fraternity is located in Hancock, MI. The organization was established in 1941. 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 Tau 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 Tau Fraternity generated $174.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $150.9k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FRATERNITY PROMOTES FRIENDSHIP AND WELFARE AMONG IT'S MEMBERS BY PROVIDING A PLACE TO LIVE AND BY ORGANIZING VARIOUS SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominique Baker Chapter Trea | 3 | $0 | |
Jack Blake Chapter VP | 3 | $0 | |
Tyler Brown Chapter Pres | 10 | $0 | |
Seth Olson Chapter Secr | 1 | $0 | |
Daniel Lorentz President | 0.5 | $0 | |
Roger Sullivan Vice Preside | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,178 |
| Membership dues | $139,297 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $174,503 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,909 |
| Professional fees and other payments to independent contractors | $2,811 |
| Occupancy, rent, utilities, and maintenance | $47,226 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $83,932 |
| Total expenses | $150,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $200,030 |
| Other assets | $0 |
| Total assets | $286,742 |
| Total liabilities | $0 |
| Net assets or fund balances | $286,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
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 |