Phi Kappa Sigma Berkeley Associates Inc
- Assets
- $1.2m
- Revenue
- $206.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Orinda, CA
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 94-6078400
Organization Overview
Phi Kappa Sigma Berkeley Associates Inc is located in Orinda, CA. The organization was established in 1958. 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 Kappa Sigma Berkeley Associates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Phi Kappa Sigma Berkeley Associates Inc generated $206.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $285.2k during the year ending 12/2022. 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
BARROWS HOUSE, THE CORPORATION'S STUDENT DORMITORY, PROVIDES FURNISHED ROOMS AND COOKING FACILITIES TO APPROXIMATELY 35-45 STUDENT MEMBERS AT RENTS INTENTIONALLY KEPT BELOW MARKET LOCATED ONE BLOCK FROM THE UC BERKELEY CAMPUS. IT HAS BEEN PRIVATELY OWNED AND OPERATED AT ITS PRESENT LOCATION SINCE 1957 AND AT OTHER CAMPUS LOCATIONS SINCE 1905.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT MEMBER HOUSING IS PROVIDED BY THE ORGANIZATION BELOW MARKET VALUE BASED ON FINANCIAL NEED TO MEMBERS WHO ARE SOLICITED FROM THE GENERAL UNIVERSITY STUDENT BODY. THERE ARE NO INITIATION FEES. THE ORGANIZATION PROVIDES MATCHING FUNDS TO HELP MEMBERS FUND SPECIAL EVENTS AND MEALS.
BY DIRECTORS' RESOLUTION, 25 PER STUDENT PER MONTH IS PLACED INTO A SPECIAL SCHOLARSHIP BANK ACCOUNT. SCHOLARSHIP STIPENDS OF 500 ARE AWARDED BASED ON NEED, ACADEMICS AND PARTICIPATION IN ACTIVITIES OF THE ORGANIZATION. FUNDS IN THE SCHOLARSHIP FUND ARE RESTRICTED USE AND NOT USED FOR OTHER ORGANIZATION PURPOSES. SCHOLARSHIPS ARE ALSO GIVEN TO LOCAL HEALTH RELATED OR COMMUNITY SERVICE ENTITIES.
THE ORGANIZATION TRAINS STUDENT MANAGERS IN OPERATIONAL, FINANCIAL AND LEADERSHIP SKILLS. THE FACILITY IS ALMOST ENTIRELY MANAGED BY VOLUNTEERS WHO RECEIVE A DISCOUNT ON THEIR USE FEES AND RENTS. A POOL OF FORMER STUDENT RESIDENTS AND CORPORATE DIRECTORS PROVIDE JOB ASSISTANCE AND JOB PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Sanguinetti President | OfficerTrustee | 3 | $22,759 |
John C Lukrich Treasurer | OfficerTrustee | 2 | $3,750 |
Steve Carson Director | Trustee | 1 | $0 |
Douglas Cole Director | Trustee | 1 | $0 |
Michael Corley Director | Trustee | 1 | $0 |
James Egan Vice Preside | OfficerTrustee | 2 | $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 | $198,079 |
| Investment income | $7,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,904 |
| 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 | $20,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,982 |
| 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 | $129,713 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,416 |
| Interest | $3,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,905 |
| Insurance | $33,505 |
| All other expenses | $0 |
| Total functional expenses | $285,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,510 |
| Savings and temporary cash investments | $40,652 |
| 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 | $643,873 |
| Investments—publicly traded securities | $514,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,218,431 |
| 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 | $58,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,000 |
| Total liabilities | $78,108 |
| 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 | $1,140,323 |
| Total liabilities and net assets/fund balances | $1,218,431 |