Pi Kappa Alpha Fraternity
- Assets
- $144.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 03/1941
- Data as of
- 06/2024
- EIN
- 74-1120034
Organization Overview
Pi Kappa Alpha Fraternity is located in Austin, TX. 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. Pi Kappa Alpha Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Pi Kappa Alpha Fraternity generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 5.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PI KAPPA ALPHA IS DEDICATED TO DEVELOPONG MEN OF INTEGRITY, INTELLECT, AND HIGH MORAL CHARACTER AND TO FOSTERING A TRULY LIFELONG FRATERNAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITIES CONDUCTED BY THE FRATERNITY PROVIDED PLEASURE, RECREATION AND FELLOWSHIP TO ITS MEMBERS, INCLUDING ROOM AND BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Benton President | OfficerTrustee | 5 | $0 |
Caden Dragoo Risk Manager | OfficerTrustee | 5 | $0 |
Promise Eke Social Co-Ch | OfficerTrustee | 5 | $0 |
Conner Escobar Social Co-Ch | OfficerTrustee | 5 | $0 |
Ben Galbraith External VP | OfficerTrustee | 5 | $0 |
Ryan Hopper Internal VP | OfficerTrustee | 5 | $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 | $1,245,140 |
| Investment income | $395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,248,905 |
| 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 | $25,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,478 |
| Advertising and promotion | $0 |
| Office expenses | $3,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $557,675 |
| Travel | $2,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,477 |
| Interest | $0 |
| Payments to affiliates | $31,453 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,242 |
| All other expenses | $8,846 |
| Total functional expenses | $1,305,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,222 |
| Savings and temporary cash investments | $57,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,193 |
| 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 | $3,166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,114 |
| Accounts payable and accrued expenses | $77,310 |
| 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 | $35,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $13,000 |
| Other liabilities | $53,900 |
| Total liabilities | $179,210 |
| Net assets without donor restrictions | -$35,096 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $144,114 |