Pi Kappa Phi Fraternity
- Assets
- $968.8k
- Revenue
- $127.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynnwood, WA
- Founding
- 05/1941
- Data as of
- 08/2022
- EIN
- 91-1462894
Organization Overview
Pi Kappa Phi Fraternity is located in Lynnwood, WA. 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 Phi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Pi Kappa Phi Fraternity generated $127.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $127.9k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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
LEASING HOUSING FACILITIES TO LOCAL FRATERNITY; PROVIDES HOUSING TO FRATERNITY MEMBERS (APPROX 100 MEMBERS)
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASED HOUSING FACILITIES TO LOCAL FRATERNITY; PROVIDED HOUSING TO APPROXIMATELY 100 FRATERNITY MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Jensen Treasurer | OfficerTrustee | 5 | $0 |
Nat Taylor President | 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 | $127,500 |
| Investment income | $0 |
| 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 | $127,500 |
| 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 | $19,576 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,499 |
| Travel | $0 |
| 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 | $36,279 |
| Insurance | $31,669 |
| All other expenses | $250 |
| Total functional expenses | $127,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,174 |
| Savings and temporary cash investments | $3,021 |
| 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 | $0 |
| Net Land, buildings, and equipment | $911,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,180 |
| Total assets | $968,840 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $968,840 |
| Total liabilities and net assets/fund balances | $968,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Theta Of Alpha Delta Pi Building Corporation Issaquah, WA | $1,708,164 | $973,302 |
Phi Gamma Delta Fraternity Seattle, WA | $350,095 | $1,140,459 |
Beta Theta Pi Fraternity Seattle, WA | $108,890 | $916,187 |
Alpha Delta Phi Foundation Kirkland, WA | $740,441 | $793,693 |
Gamma Phi Beta Sorority Inc Seattle, WA | $2,167,793 | $762,242 |
Beta Pi Association Of Kappa Kappa Gamma Seattle, WA | $2,399,306 | $897,218 |
Puget Sound Association Of Sigma Kappa Sorority Seattle, WA | $1,731,949 | $760,171 |
Pi Kappa Phi Fraternity Seattle, WA | $195,786 | $713,457 |
Sigma Chi Fraternity Seattle, WA | $50,937 | $716,404 |
Cardinal National Housing Corporation Wilsonville, OR | $1,663,039 | $825,582 |
Alpha Gamma Delta Fraternity Seattle, WA | $319,187 | $750,834 |
Alpha Gamma Delta Fraternity Pullman, WA | $460,974 | $722,907 |