Pi Kappa Phi Properties Inc
- Assets
- $37.2m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 59-6216310
Organization Overview
Pi Kappa Phi Properties Inc is located in Charlotte, NC. The organization was established in 1993. 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 06/2023, Pi Kappa Phi Properties Inc employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Pi Kappa Phi Properties Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Pi Kappa Phi Properties Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $9.3m during the year ending 06/2023. While expenses have increased by 10.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PI KAPPA PHI PROPERTIES, INC IS ORGANIZED FOR PLEASURE, RECREATION AND OTHER NON-PROFIT PURPOSES. SPECIFICALLY, PI KAPPA PHI PROPERTIES, INC.'S PURPOSE IS TO PROVIDE HOUSING AND MANAGEMENT EXPERTISE FOR LOCAL CHAPTERS OF PI KAPPA PHI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING ASSISTANCE TO APPROXIMATELY 10,000 MEMBERS AT 180 CHAPTERS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony M Noce Chairman | OfficerTrustee | 0 | $0 |
Glenn Aspinwall Vice President-Acquisition | OfficerTrustee | 0 | $0 |
Nicholas J Linder Treasurer | OfficerTrustee | 0 | $0 |
Trey Tipton Secretary | OfficerTrustee | 0 | $0 |
John R Bradford III Vice President-Ilf | OfficerTrustee | 0 | $0 |
David Dalton Member | OfficerTrustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,885,027 |
| Investment income | $40,879 |
| 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 | $10,389,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,056,864 |
| Pension plan accruals and contributions | $12,226 |
| Other employee benefits | $9,820 |
| Payroll taxes | $35,339 |
| Fees for services: Management | $318,565 |
| Fees for services: Legal | $5,139 |
| Fees for services: Accounting | $64,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,888 |
| Advertising and promotion | $1,010 |
| Office expenses | $10,568 |
| Information technology | $39,277 |
| Royalties | $0 |
| Occupancy | $19,465 |
| Travel | $37,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $847,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,426,685 |
| Insurance | $175,800 |
| All other expenses | $862,778 |
| Total functional expenses | $9,260,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,494 |
| Savings and temporary cash investments | $6,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $304,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,524,992 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $141,322 |
| Net Land, buildings, and equipment | $32,169,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,133,911 |
| Total assets | $37,161,340 |
| Accounts payable and accrued expenses | $179,381 |
| Grants payable | $0 |
| Deferred revenue | $77,537 |
| 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 | $24,731,251 |
| Unsecured mortgages and notes payable | $2,498,218 |
| Other liabilities | $59,410 |
| Total liabilities | $27,545,797 |
| Net assets without donor restrictions | $8,483,012 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,161,340 |