Phi Kappa Psi Fraternity

Organization Overview

Phi Kappa Psi Fraternity is located in Wheeling, IL. The organization was established in 1941. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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 06/2020, Phi Kappa Psi Fraternity generated $480.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $467.8k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PURPOSE - TO PROVIDE ON CAMPUS HOUSING TO COLLEGE FRATERNITY MEMBERS, TO PROMOTE RECREATIONAL,SOCIAL AND PHILANTHROPIC ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVICES RELATED TO FRATERNITY ACTIVITIES AND PROVIDING HOUSING TO FRATERNITY MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Sean Sanders
Treasurer
$0
Jonathan Mcclure
President
$0
William R Reeder
Chapter Advi
$0
Joseph Noferi
At Large Mem
$0
Wayne Heusel
At Large Mem
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $0
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 $480,165

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