Phi Beta Kappa Society
- Assets
- $700.6k
- Revenue
- $120.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 06/1951
- Data as of
- 12/2022
- EIN
- 95-6201337
Organization Overview
Phi Beta Kappa Society is located in Menlo Park, CA. The organization was established in 1951. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Beta Kappa Society 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 12/2022, Phi Beta Kappa Society generated $120.2k 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 (4.0%) each year. All expenses for the organization totaled $146.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Phi Beta Kappa Society has awarded 96 individual grants totaling $543,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF SCHOLARSHIP AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATIONAL EVENTS INCLUDING ASILOMAR EVENTS PLUS OTHER SECIAL EVENTS.
PUBLICATIONS INFORMING MEMBERS OF OUR ACCOMPLISHMENTS AND PROGRAM ACTIVITIES INCLUDING 4 NEWSLETTERS PER YEAR.
12 SCHOLORSHIP AWARDS OF $10,000 EACH AND 4 TEACHING EXCELLENCE AWARDS OF $1000 EACH WERE MADE IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Turner Gilliland President | Officer | 3 | $0 |
O'neil Dillon 1st Vice President | Officer | 2 | $0 |
Joanne Sandstrom 2nd Vice President | Officer | 2 | $0 |
Duncan Missimer Treasurer | Officer | 5 | $0 |
Pat Kenber 3rd Vice President | Officer | 1 | $0 |
Susan Jenkins Coresponding Sec. | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,493 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,374 |
| Total Program Service Revenue | $12,385 |
| Investment income | $16,469 |
| 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 | $120,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $124,000 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $146,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,047 |
| Savings and temporary cash investments | $36,818 |
| 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 | $0 |
| Investments—publicly traded securities | $558,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $700,647 |
| 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 | $700,647 |
| Total liabilities and net assets/fund balances | $700,647 |
Grants Awarded
Over the last fiscal year, Phi Beta Kappa Society has awarded $114,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FEYAAD ALLIE PURPOSE: SCHOLARSHIP | $10,000 |
DANIEL FRIEDMAN PURPOSE: SCHOLARSHIP | $10,000 |
LINDA KINSTLER PURPOSE: SCHOLARSHIP | $10,000 |
ALAN KONG PURPOSE: SCHOLARSHIP | $10,000 |
REBECCA NELSON PURPOSE: SCHOLARSHIP | $10,000 |
RYAN PAGE | | | $0 |