Kappa Psi Pharmaceutical Fraternity
- Assets
- $196.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 02/1964
- Data as of
- 06/2023
- EIN
- 56-0578378
Organization Overview
Kappa Psi Pharmaceutical Fraternity is located in Chapel Hill, NC. The organization was established in 1964. 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. Kappa Psi Pharmaceutical Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Kappa Psi Pharmaceutical Fraternity generated $78.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $61.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quynh Nguyen Regent | 7 | $0 | |
Pei-Te Tu Vice Regent | 5 | $0 | |
Zachary O'connor Treasurer | 6 | $0 | |
Chelsea Castor Secretary | 5 | $0 | |
Sara Petersen Chaplain | 4 | $0 | |
Zachary O'connor Hse Mgr | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $851 |
| Total Program Service Revenue | $42,160 |
| Membership dues | $36,160 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$946 |
| Other Revenue | $0 |
| Total Revenue | $78,226 |
| 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 | $2,315 |
| Occupancy, rent, utilities, and maintenance | $29,371 |
| Printing, publications, postage, and shipping | $2,998 |
| Other expenses | $26,334 |
| Total expenses | $61,018 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,769 |
| Other assets | $0 |
| Total assets | $196,204 |
| Total liabilities | $0 |
| Net assets or fund balances | $196,204 |