Phi Sigma Kappa Foundation Incorporated
- Assets
- $3.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1949
- Data as of
- 06/2022
- EIN
- 23-6261152
Organization Overview
Phi Sigma Kappa Foundation Incorporated is located in Indianapolis, IN. The organization was established in 1949. 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 Sigma Kappa Foundation Incorporated 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, Phi Sigma Kappa Foundation Incorporated generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $648.9k during the year ending 06/2022. While expenses have increased by 10.4% per year over the past 5 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.
Since 2016, Phi Sigma Kappa Foundation Incorporated has awarded 19 individual grants totaling $1,187,450. 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
TO PROMOTE EDUCATIONAL, LITERARY, AND CHARITABLE PURPOSE BY PROMOTING SCHOLARSHIPS, STUDENT AID, AND ASSISTANCE TO NEEDY AND DESERVING STUDENTS, THE DEVELOPMENT AND FOSTERING OF THE AIMS AND PURPOSES OF THE EDUCATIONAL WORK OF THE NATIONAL FRATERNITY OF PHI SIGMA KAPPA AND OTHER CHARITABLE PURPOSES AS MAY BE DEEMED FROM TIME TO TIME BY THE FOUNDATION'S TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO MEMBERS OF THE GRAND CHAPTER OF PHI SIGMA KAPPA, GRANTS GIVEN TO THE GRAND CHAPTER AND GRANTS GIVEN TO INDIVIDUAL CHAPTERS OF THE GRAND CHAPTER.
SUPPORT TO THE GRAND CHAPTER OF PHI SIGMA KAPPA PUBLICATION (THE SIGNET)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Zuniga Former Exec Dir/coo | 40 | $135,927 | |
Joseph Kern Exec Dir/coo | OfficerTrustee | 10 | $69,251 |
Thomas Grunwald President | OfficerTrustee | 10 | $0 |
Adam C Carter Vice President | OfficerTrustee | 10 | $0 |
Sean B Eaves Secretary | OfficerTrustee | 10 | $0 |
Matt Waltz Treasurer | OfficerTrustee | 10 | $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 | $846,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,641 |
| Total Program Service Revenue | $0 |
| Investment income | $53,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,074 |
| Net Gain/Loss on Asset Sales | $698,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,617,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $377,910 |
| Grants and other assistance to domestic individuals. | $40,300 |
| 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 | $120,176 |
| 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 | $30,367 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,181 |
| 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 | $6,234 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $648,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,434 |
| 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 | $2,747,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,952,369 |
| Accounts payable and accrued expenses | $46,758 |
| 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 | $46,758 |
| Net assets without donor restrictions | $1,199,907 |
| Net assets with donor restrictions | $1,705,704 |
| 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 | $2,952,369 |
Grants Awarded
Over the last fiscal year, Phi Sigma Kappa Foundation Incorporated has awarded $369,707 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CAPT KIMBLE WHITE ALUMNI CLUB PURPOSE: Educ, utilities, annual meeting | $8,613 |
DELTA TRITON CHPT OF PS KAPPA PURPOSE: educ portions of building project | $45,899 |
FERRIS STATE ALUMNI PURPOSE: Educ portions of chpt house remodel | $48,981 |
GRAND CHPT OF PHI SIGMA KAPPA PURPOSE: Leadership and Education Grants | $165,000 |
GRAND CHPT OF PHI SIGMA KAPPA PURPOSE: Publication of Signet Magazine | $30,000 |
GRAND CHPT OF PHI SIGMA KAPPA PURPOSE: Shonk Archive/Archivist Salary Supp | $50,680 |