Phi Kappa Psi Fraternity
- Assets
- $3.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 01/1941
- Data as of
- 12/2022
- EIN
- 31-1128130
Organization Overview
Phi Kappa Psi Fraternity is located in Norman, OK. The organization was established in 1941. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Phi Kappa Psi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Phi Kappa Psi Fraternity generated $103.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $113.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NON-PROFIT FRATERNAL ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Braden Giesecke President | 10 | $0 | |
Court Waters Vice President | 10 | $0 | |
Thomas Feemster Treasurer | 10 | $0 | |
Jay Litzenberg National Correspondent | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $103,231 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $103,231 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $113,389 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $113,389 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,386 |
| Other assets | $0 |
| Total assets | $3,386 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,386 |