Phi Sigma Kappa Properties Inc
- Assets
- $1.7m
- Revenue
- $151.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chrystal Lake, IL
- Founding
- Data as of
- 06/2022
- EIN
- 61-1934336
Organization Overview
Phi Sigma Kappa Properties Inc is located in Chrystal Lake, IL. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Phi Sigma Kappa Properties Inc 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 Sigma Kappa Properties Inc generated $151.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $71.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND SUPPORT INCLUDING, BUT NOT LIMITED TO, HOUSING MANAGEMENT AND EDUCATION FOR UNDERGRADUATE MEMBERS AND ALUMNI OF THE GRAND CHAPTER OF PHI SIGMA KAPPA INC. TO FOSTER A COLLABORATIVE AND COOPERATIVE RELATIONSHIP, SOCIAL ACTIVITIES SHALL BE SPONSORED AND ENCOURAGED FOR MEMBERS TO FURTHER ITS EXEMPT PURPOSEES. PHI SIGMA KAPPA PROPERTIES WILL OFFER OPPORTUNITIES FOR HOUSING IMPROVEMENTS AND MANAGEMENT EDUCATION TO MEMBERS OF PHI SIGMA KAPPA, PRIMARILY FOR UNDERGRADUATE MEMBERSHIP AT CHAPTERS IN GOOD STANDING AS DETERMINED BY THE GRAND COUNCIL OF PHI SIGMA KAPPA. SUCH ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, TRAINING ON SITE, BY PHONE, OR OTHER ELECTRONIC MEANS FOR THE STATED AND PERMISSABLE PURPOSES OF A NON-PROFIT ORGANIZATION. FINANCIAL ASSISTANCE MAY BE MADE BY OFFERING LOANS FOR CONSTRUCTION, IMPROVEMENT, OR OTHER FINANCIAL NEEDS AS IDENTIFIED AND APPROVED BY LOAN OR GIFT CONSISTENT WITH ITS EXEMPT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR CHAPTER HOUSES FOR REHABILITATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Shiven President | OfficerTrustee | 1 | $0 |
Pete Anderson Secretary | OfficerTrustee | 1 | $0 |
Brian Radke Treasurer | OfficerTrustee | 1 | $0 |
Mike Palm Vice President | OfficerTrustee | 1 | $0 |
Jonathan Lowrey Director | Trustee | 1 | $0 |
Jacob Defassio Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $27,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,946 |
| Net Gain/Loss on Asset Sales | $90,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $518 |
| Fees for services: Accounting | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108 |
| Office expenses | $108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,423 |
| Insurance | $773 |
| All other expenses | $0 |
| Total functional expenses | $71,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $182,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $431 |
| Net Land, buildings, and equipment | $690,577 |
| Investments—publicly traded securities | $516,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $263,740 |
| Total assets | $1,653,700 |
| Accounts payable and accrued expenses | $500 |
| 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 | $18,152 |
| Total liabilities | $18,652 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,635,048 |
| Total liabilities and net assets/fund balances | $1,653,700 |
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