Phi Kappa Sigma Fraternity Grand Chapter
- Assets
- $1.4m
- Revenue
- $884.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Carmel, IN
- Founding
- 12/1940
- Data as of
- 07/2020
- EIN
- 23-0967790
Organization Overview
Phi Kappa Sigma Fraternity Grand Chapter is located in Carmel, IN. The organization was established in 1940. 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 07/2020, Phi Kappa Sigma Fraternity Grand Chapter employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Phi Kappa Sigma Fraternity Grand Chapter is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2020, Phi Kappa Sigma Fraternity Grand Chapter generated $884.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $931.4k during the year ending 07/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE VARIOUS EDUCATIONAL ACTIVITIES FOR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wolf Exec Director | Trustee | 40 | $82,500 |
David Smith President | OfficerTrustee | 2 | $0 |
Jeffrey Fusco Officer | OfficerTrustee | 2 | $0 |
R Philip Petrowski Vice President | OfficerTrustee | 2 | $0 |
Brendon Egan Vice President | OfficerTrustee | 2 | $0 |
Hamilton F Smith Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,767 |
| Investment income | $5,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,092 |
| 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 | $2,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $884,774 |
| Statement of Expenses | |
|---|---|
| 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. | $82,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,695 |
| Payroll taxes | $19,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,829 |
| Fees for services: Accounting | $22,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,765 |
| Advertising and promotion | $246 |
| Office expenses | $100,519 |
| Information technology | $78,465 |
| Royalties | $0 |
| Occupancy | $36,348 |
| Travel | $86,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,702 |
| Insurance | $259,998 |
| All other expenses | $0 |
| Total functional expenses | $931,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,513 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,175 |
| Investments—publicly traded securities | $611,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,419,369 |
| Accounts payable and accrued expenses | $35,414 |
| 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 | $165,537 |
| Total liabilities | $200,951 |
| 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 |
| Total liabilities and net assets/fund balances | $1,218,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |