Pi Kappa Phi Foundation
- Assets
- $14.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Charlotte, NC
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-0975567
Organization Overview
Pi Kappa Phi Foundation is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 12/2021, Pi Kappa Phi Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pi Kappa Phi 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, Pi Kappa Phi Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 6.9% 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.
Since 2015, Pi Kappa Phi Foundation has awarded 22 individual grants totaling $3,416,081. 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 PROGRAMS OF THE PI KAPPA PHI FRATERNITY IN ORDER TO ASSIST ITS STUDENT MEMBERS IN ACHIEVING SUPERIOR RESULTS IN PERSONAL DEVELOPMENT, ACADEMICS, SERVICE AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE EDUCATIONAL PROGRAMS OF PI KAPPA PHI FRATERNITY THROUGH GRANTS.
THE FOUNDATION AWARDS SCHOLARSHIPS ANNUALLY TO HELP STUDENT MEMBERS ACHIEVE ACADEMIC GOALS, DEVELOP LEADERSHIP SKILLS AND PROMOTE SERVICE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Edward Timmes CEO | Officer | 1 | $0 |
Anders Hall Member | Trustee | 0 | $0 |
Chuck Barnard Member | Trustee | 0 | $0 |
Daniel Hitzke Member | Trustee | 0 | $0 |
Ernest Johnson Chairman | Trustee | 0 | $0 |
Dudley Woody Member | Trustee | 0 | $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 | $1,596,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,596,911 |
| Total Program Service Revenue | $16,596 |
| Investment income | $229,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $262,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,105,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $825,162 |
| Grants and other assistance to domestic individuals. | $161,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $106,880 |
| Pension plan accruals and contributions | $837 |
| Other employee benefits | $1,715 |
| Payroll taxes | $7,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560 |
| Fees for services: Accounting | $61,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36 |
| Office expenses | $1,526 |
| Information technology | $52,716 |
| Royalties | $0 |
| Occupancy | $101,363 |
| Travel | $14,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,963 |
| Insurance | $6,614 |
| All other expenses | $99,558 |
| Total functional expenses | $1,930,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $344,061 |
| Accounts receivable, net | $4,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $124,342 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,554 |
| Net Land, buildings, and equipment | $2,863 |
| Investments—publicly traded securities | $13,235,060 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,674 |
| Total assets | $14,162,556 |
| Accounts payable and accrued expenses | $36,759 |
| 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 | $36,759 |
| Net assets without donor restrictions | $4,643,226 |
| Net assets with donor restrictions | $9,482,571 |
| 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 | $14,162,556 |
Grants Awarded
Over the last fiscal year, Pi Kappa Phi Foundation has awarded $825,162 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA OMEGA LIBRARY GRANT PURPOSE: CHARITABLE DONATION | $308,558 |
Charlotte, NC PURPOSE: CHARITABLE DONATION | $256,480 |
Charlotte, NC PURPOSE: EDUCATIONAL SERVICES | $180,853 |
ALPHA EPLISON LIBRARY GRANT PURPOSE: EDUCATIONAL SERVICES | $79,271 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pi Kappa Phi Foundation has recieved totaling $22,031.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,134 |
Bergstrom Foundation Key Colony Beach, FL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION - EDUCATION | $1,500 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $347 |
Fluor Foundation Irving, TX PURPOSE: ANNUAL ALUMNI GIVING | $250 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $150 |
Endowment Analysis
| Beg. Balance | $3,683,631 |
| Earnings | $509,832 |
| Admin Expense | $34,207 |
| Net Contributions | $20,000 |
| Other Expense | $32,171 |
| Grants | $109,006 |
| Ending Balance | $4,038,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Pi Kappa Phi Foundation Charlotte, NC | $14,162,556 | $2,105,535 |
Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
Phi Mu Foundation Peachtree City, GA | $11,103,093 | $1,619,138 |
Alpha Gamma Delta Fraternity Athens, GA | $135,188 | $1,394,894 |