Honor Society Of Phi Kappa Phi
- Assets
- $65.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Baton Rouge, LA
- Founding
- 01/1999
- Data as of
- 06/2022
- 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 06/2022, Honor Society Of Phi Kappa Phi employed 21 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 06/2022, Honor Society Of Phi Kappa Phi generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
PHI KAPPA PHI FORUM IS THE SOCIETY'S AWARD-WINNING PUBLICATION, REACHING MORE THAN 100,000 ACTIVE MEMBERS, GOVERNMENT OFFICIALS, LIBRARIES, EXECUTIVES, AND OTHERS. MEMBERS ALSO RECEIVE A MONTHLY ELECTRONIC COMMUNICATION, PHI KAPPA PHI FOCUS, WHICH KEEPS THEM INFORMED OF PHI KAPPA PHI ACTIVITIES AND OPPORTUNITIES. THE ANNUAL REPORT GIVES AN OVERVIEW OF THE SOCIETY'S ACTIVITIES IN THE PAST YEAR, INCLUDING A FINANCIAL SUMMARY. A MERCHANDISE FLYER IS INCLUDED IN NEWMEMBER PACKETS AND RENEWAL STATEMENTS TO ENHANCE BRAND AWARENESS.
PHI KAPPA PHI'S 324 ACTIVE CHAPTERS ARE ENCOURAGED TO SPONSOR CAMPUS AND COMMUNITY EVENTS THAT RECOGNIZE AND PROMOTE ACADEMIC EXCELLENCE AND ENGAGE THE COMMUNITY OF SCHOLARS IN SERVICE TO OTHERS. GROWING YOUR CHAPTER IS AN INTERACTIVE WORKSHOP THAT PROVIDES CHAPTER OFFICERS WITH TIPS AND RESOURCES FOR MANAGING AND ENHANCING ACTIVE CHAPTERS. OTHERCHAPTER OFFICER TRAINING SESSIONS ARE CONDUCTED BY THE STAFF TO STRENGHTEN CHAPTERS AND PROMOTE THE ORGANIZATION'S MISSION. THE STUDENT LEADERSHIP SUMMIT IS AN EVENT THAT THE PHI KAPPA PHI NATIONAL ORGANIZATION HOLDS EVERY OTHER YEAR. IT IS A TWO-DAY LEADERSHIP EXPERIENCE IN WHICH STUDENT VICE PRESIDENTS FROM ACROSS THE COUNTRY WORK WITH LEADERSHIP FACILITATORS, THE CHAPTER DEVELOPMENT STAFF, AND EACH OTHER TO DEVELOP LEADERSHIP STRATEGIES AND OUTREACH OPPORTUNITIES FOR THEIR CHAPTERS.
EACH NEW MEMBER (22190) RECEIVES AN EMBLEM AND A CERTIFICATE TO DISTINGUISH INDIVIDUALS WITH OUTSTANDING SCHOLARSHIP. BROCHURES AND RELATED MATERIALS ARE SENT TO CHAPTERS AND MEMBERS TO KEEP THEM INFORMED ABOUT THE ORGANIZATION. PHIKAPPAPHI.ORG KEEPS MEMBERS INFORMEDOF BENEFITS, INCLUDING AWARD OPPORTUNITIES AND DISCOUNTS AND SERVICES FROM CORPORATE PARTNERS. THE SOCIETY MANAGES A NUMBER OF SOCIAL MEDIA CHANNELS TO ENGAGE MEMBERS AND PROMOTE NETWORKING. A PRIVATE ONLINE COMMUNITY AND CORRESPONDING APP HELP MEMBERS AND OFFICERS SHARE IDEAS, DISCUSS CHALLENGES, POST QUESTIONS AND CONNECT WITH ONE ANOTHER BASEDON SPECIFIC ACADEMIC AND PROFESSIONAL INTERESTS. AN EXPERT DIRECTORY HELPS MEMBERS CONNECT WITH POTENTIAL SPEAKERS, AUTHORS AND OTHER AUTHORITIES ACROSS ALL DISCIPLINES AND TOPICS.
THE HONOR SOCIETY OF PHI KAPPA PHI PROMOTES ACADEMIC EXCELLENCE IN HIGHER EDUCATION THROUGH GRANT DISBURSEMENTS. THE SOCIETY AWARDS ACADEMIC FELLOWSHIPS, AWARDS, AND GRANTS TO OUTSTANDING STUDENTS AND ALUMNI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Navarre Interim Executive Director / Chief Operating Offic | Officer | 45 | $179,461 |
Brad Jewell Chief Financial Officer/treasurer | Officer | 50 | $178,020 |
Mary Todd PHD Executive Director (end May 2021) | 37.5 | $148,966 | |
Traci Payne Chief Chapter Services/events Officer | 37.5 | $114,977 | |
Dan Sandweiss PHD President | OfficerTrustee | 1 | $0 |
Lora Becker PHD President-Elect | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franklin Press Inc Marketing And Printing | 6/29/22 | $407,902 |
Lsc Communications Us Llc Forum Magazine | 6/29/22 | $115,822 |
Greenwoodasher And Associates Executive Search | 6/29/22 | $113,731 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,582,073 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,063,949 |
| Total Program Service Revenue | $0 |
| Investment income | $3,091,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $211,510 |
| 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 | -$57,305 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,309,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,610 |
| Grants and other assistance to domestic individuals. | $1,012,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $669,942 |
| Compensation of current officers, directors, key employees. | $217,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,029,197 |
| Pension plan accruals and contributions | $158,711 |
| Other employee benefits | $251,068 |
| Payroll taxes | $135,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,483 |
| Fees for services: Accounting | $35,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,534 |
| Fees for services: Other | $433,946 |
| Advertising and promotion | $174,379 |
| Office expenses | $729,262 |
| Information technology | $316,401 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,604 |
| 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 | $76,810 |
| Insurance | $57,018 |
| All other expenses | $1,994 |
| Total functional expenses | $5,331,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,746 |
| Prepaid expenses and deferred charges | $225,568 |
| Net Land, buildings, and equipment | $1,422,584 |
| Investments—publicly traded securities | $63,202,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,708 |
| Total assets | $65,517,375 |
| Accounts payable and accrued expenses | $446,369 |
| Grants payable | $0 |
| Deferred revenue | $10,798,377 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $89,600 |
| 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 | $11,334,346 |
| Net assets without donor restrictions | $51,167,200 |
| Net assets with donor restrictions | $3,015,829 |
| 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 | $65,517,375 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Honor Society Of Phi Kappa Phi has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $500 |
Endowment Analysis
| Beg. Balance | $43,368,238 |
| Earnings | -$5,840,457 |
| Admin Expense | $857,304 |
| Net Contributions | $76,763 |
| Grants | $1,048,610 |
| Ending Balance | $35,698,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta National House Corporation Dallas, TX | $74,724,969 | $16,270,605 |
Phi Theta Kappa Jackson, MS | $30,434,221 | $16,557,458 |
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Mississippi Association Of Supervisors Inc Jackson, MS | $3,451,955 | $2,357,721 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Kappa Alpha Order University, MS | $680,415 | $1,650,535 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |