Phi Kappa Sigma Fraternity is located in Lafayette, IN. The organization was established in 1940. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Kappa Sigma Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Phi Kappa Sigma Fraternity generated $175.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $172.6k during the year ending 06/2024. While expenses have increased by 10.0% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOUSING FOR PURDUE UNIVERSITY STUDENTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Juszczak President | 1 | $0 | |
Tharun Shankar Vice Preside | 1 | $0 | |
Justin Bachmann Secretary | 1 | $0 | |
Troy Cannon Treasurer | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $175,737 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $175,738 |
| 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 | $10,425 |
| Occupancy, rent, utilities, and maintenance | $62,251 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $99,919 |
| Total expenses | $172,595 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,958 |
| Other assets | $0 |
| Total assets | $8,958 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,958 |