Honor Society Of Phi Kappa Phi
- Assets
- $67.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Baton Rouge, LA
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 95-1856406
Organization Overview
Honor Society Of Phi Kappa Phi is located in Baton Rouge, LA. The organization was established in 1999. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2023, Honor Society Of Phi Kappa Phi employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Honor Society Of Phi Kappa Phi is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Honor Society Of Phi Kappa Phi generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOGNIZE AND PROMOTE ACADEMIC EXCELLENCE IN ALL FIELDS OF HIGHEREDUCATION AND TO ENGAGE THE COMMUNITY OF SCHOLARS IN SERVICE TOOTHERS.
Describe the Organization's Program Activity:
PKP RECOGNIZES AND PROMOTES ACADEMIC EXCELLENCE IN ALL FIELDS OF HIGHER EDUCATION AND ENGAGES THE COMMUNITY OF SCHOLARS IN SERVICES TO OTHERS. THE HONOR SOCIETY OF PHI KAPPA PHI (PKP) SUPPORTS OVER 300 CHAPTERS AT COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES, ITS TERRITORIES IN GUAM AND PUERTO RICO, AND IN THE PHILIPPINES. COLLECTIVELY, PKP AND ITS CHAPTERS PROMOTE ACADEMIC EXCELLENCE AND PROVIDE MEMBERSHIP BENEFITS TO ITS NEARLY 100,000 MEMBERS.SINCE 1932 PKP HAS SUPPORTED THE EDUCATIONAL PURSUITS OF ITS MEMBERS THROUGH ROBUST AND COMPETITIVE AWARD AND GRANT PROGRAMS. THE SOCIETY AWARDS OVER $1 MILLION EACH YEAR TO OUTSTANDING STUDENTS, MEMBERS, CHAPTERS, AND ORGANIZATIONS BY WAY OF ACADEMIC FELLOWSHIPS, FACULTY SABBATICALS, AWARDS, AND GRANTS. FROM FELLOWSHIPS UP TO $35,000 TO $1,000 STUDY ABROAD GRANTS TO $1,000 LOVE OF LEARNING GRANTS, THE SOCIETY HAS A LONG HISTORY OF SUPPORTING THE EDUCATIONAL PURSUITS OF ITS MEMBERS.PKP'S 322 CHAPTERS ARE ENCOURAGED TO SPONSOR CAMPUS AND COMMUNITY EVENTS THAT RECOGNIZE AND PROMOTE ACADEMIC EXCELLENCE AND COMMUNITY ENGAGEMENT. PKP SUPPORTS ITS CHAPTERS BY PROVIDING TRAINING TO STRENGHTEN CHAPTERS AND PROMOTE ITS MISSION ON NUMEROUS COLLEGE AND UNIVERSITY CAMPUSES BY DEVELOPING LEADERSHIP STRATEGIES AND OUTREACH OPPORTUNITIES FOR THEIR CHAPTERS AND MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Canales PHD Director | Trustee | 1 | $0 |
Mattia Migliore PHD Director | Trustee | 1 | $0 |
Philip Phillips PHD Director | Trustee | 1 | $0 |
Ron Tulley PHD Director | Trustee | 1 | $0 |
Leslie Zenk PHD Director | Trustee | 1 | $0 |
Alex Shantiai Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franklin Press Inc Marketing And Printing | 6/29/23 | $467,335 |
Lsc Communications Us Llc Forum Magazine | 6/29/23 | $191,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,559,610 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,894,741 |
| Total Program Service Revenue | $135,340 |
| Investment income | $1,482,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $244,123 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,385,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$63,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,308,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $1,061,491 |
| Grants and other assistance to Foreign Orgs/Individuals | $36,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $582,916 |
| Compensation of current officers, directors, key employees. | $247,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,086,924 |
| Pension plan accruals and contributions | $139,138 |
| Other employee benefits | $287,778 |
| Payroll taxes | $130,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,533 |
| Fees for services: Accounting | $49,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,946 |
| Fees for services: Other | $479,790 |
| Advertising and promotion | $133,186 |
| Office expenses | $716,901 |
| Information technology | $383,858 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $470,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,760 |
| Insurance | $27,793 |
| All other expenses | $93,730 |
| Total functional expenses | $6,017,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $412,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,161 |
| Prepaid expenses and deferred charges | $156,043 |
| Net Land, buildings, and equipment | $1,379,619 |
| Investments—publicly traded securities | $65,504,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,565 |
| Total assets | $67,755,335 |
| Accounts payable and accrued expenses | $412,255 |
| Grants payable | $0 |
| Deferred revenue | $10,823,157 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $128,528 |
| 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 | $17,231 |
| Total liabilities | $11,381,171 |
| Net assets without donor restrictions | $53,199,886 |
| Net assets with donor restrictions | $3,174,278 |
| 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 | $67,755,335 |