Pi Kappa Alpha Foundation
- Assets
- $21.9m
- Revenue
- $2.6m
- Investments
- $800.1k
- Employees
- 9
- Location
- Memphis, TN
- Founding
- 06/1950
- Data as of
- 12/2022
- EIN
- 62-6039877
Organization Overview
Pi Kappa Alpha Foundation is located in Memphis, TN. The organization was established in 1950. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Pi Kappa Alpha Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pi Kappa Alpha Foundation 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 12/2022, Pi Kappa Alpha Foundation generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pi Kappa Alpha Foundation has awarded 48 individual grants totaling $12,116,009. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PI KAPPA ALPHA FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT FORMED AS A PUBLIC EDUCATIONAL FOUNDATION. IT WAS ESTABLISHED IN 1948 TO COLLECT, MANAGE AND PRESERVE HISTORICAL ARTIFACTS FOR PI KAPPA ALPHA CHAPTERS AND HAS EXPANDED TO INCLUDE PUBLIC RECORD KEEPING OF A GOLD STAR MEMORIAL, OWNERSHIP OF A MEMORIAL MUSEUM AND LIBRARY IN MEMPHIS, TENNESSEE, AND TO AID, PROMOTE AND CONTRIBUTE TO THE EDUCATIONAL AND SCHOLASTIC ACHIEVEMENTS OF PI KAPPA ALPHA MEMBERS AND OTHER STUDENTS ACROSS NORTH AMERICA. THE FOUNDATION PROVIDES FUNDS FOR A VARIETY OF PROGRAMS AND SERVICES WHICH ASSIST COLLEGE STUDENTS IN MEETING THEIR EDUCATIONAL AND PERSONAL DEVELOPMENT OBJECTIVES THROUGH SCHOLARSHIPS, GRANTS AND PROGRAM ASSISTANCE. THE FOUNDATION SERVES AS THE PRIMARY CHARITABLE ARM OF THE PI KAPPA ALPHA FRATERNITY.
Describe the Organization's Program Activity:
MAINTENANCE OF WAR MEMORIAL HEADQUARTERS:TO MAINTAIN A PERMANENT MEMORIAL FOR MEMBERS OF THE PI KAPPA ALPHA FRATERNITY WHO GAVE THEIR LIVES IN MILITARY SERVICE. TO PRESERVE BOOKS, DOCUMENTS, WAR RECORDS AND WORKS OF ART FOR THE ENCOURAGEMENT OF PATRIOTIC AND HISTORICAL RESEARCH, PARTICULARLY AS TO THE HISTORY OF EDUCATION AND EDUCATIONAL INSTITUTIONS.
GRANTS/SCHOLARSHIPS/AWARDSTHE PI KAPPA ALPHA FOUNDATION HELPED PROMOTE EXCELLENCE IN EDUCATION AND LEADERSHIP BY PROVIDING 94 INDIVIDUAL SCHOLARSHIPS FOR ACADEMIC AND/OR LEADERSHIP ACCOMPLISHMENT, AND 130 GRANTS IN SUPPORT OF EDUCATIONAL PROGRAMMING AND EVENTS. IN ADDITION SCHOLARSHIPS WERE PROVIDED TO STUDENTS ADMITTED INTO OMICRON DELTA KAPPA, ORDER OF OMEGA, TAU BETA PI, PHI KAPPA PHI AND PHI BETA KAPPA HONOR SOCIETIES. ASSISTING IN ESTABLISHING, EQUIPPING AND MAINTAINING LIBRARIES, STUDY ROOMS OR OTHER EDUCATIONAL FACILITIES OWNED AND MAINTAINED BY FRATERNITY CHAPTERS.
PUBLICATIONS & PROGRAMMING THE PI KAPPA ALPHA FOUNDATION HELPS TO FUND SEVERAL EDUCATIONAL PUBLICATIONS ON AN ANNUAL BASIS: SHIELD & DIAMOND MAGAZINE WHICH IS DISTRIBUTED FOUR TIMES PER YEAR TO MORE THAN 20,000 PEOPLE FOR INFORMATIONAL AND INSTRUCTIONAL PURPOSES; PIKE UNIVERSITY LEADERSHIP TRAINING HANDBOOKS AND A DIGITAL HISTORICAL REFERENCE GUIDE MADE AVAILABLE ONLINE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Daniel A Berger President | Trustee | 1 | $0 |
Mr Kevin E Virta President-Elect | Trustee | 1 | $0 |
Charles T Cumbaa Trustee | Trustee | 1 | $0 |
Joseph P Egan Trustee | Trustee | 1 | $0 |
Damon Hininger Trustee | Trustee | 1 | $0 |
Britt R Massing Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,349,155 |
| Noncash contributions included in lines 1a–1f | $10,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,505,831 |
| Total Program Service Revenue | $0 |
| Investment income | $371,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,903 |
| Net Gain/Loss on Asset Sales | -$386,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,602,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,005,256 |
| Grants and other assistance to domestic individuals. | $210,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $344,646 |
| Compensation of current officers, directors, key employees. | $113,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,682 |
| Pension plan accruals and contributions | $13,408 |
| Other employee benefits | $37,453 |
| Payroll taxes | $41,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,857 |
| Fees for services: Accounting | $140,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,901 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,558 |
| Advertising and promotion | $23,615 |
| Office expenses | $16,897 |
| Information technology | $12,822 |
| Royalties | $0 |
| Occupancy | $156,524 |
| Travel | $49,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,698 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,480 |
| Insurance | $20,054 |
| All other expenses | $19,381 |
| Total functional expenses | $2,660,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,529,733 |
| Pledges and grants receivable | $458,645 |
| 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 | $1,176,650 |
| Investments—publicly traded securities | $16,893,062 |
| Investments—other securities | $800,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,858,224 |
| Accounts payable and accrued expenses | $588,452 |
| 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 | $139,387 |
| Total liabilities | $727,839 |
| Net assets without donor restrictions | $3,719,354 |
| Net assets with donor restrictions | $17,411,031 |
| 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 | $21,858,224 |
Grants Awarded
Over the last fiscal year, Pi Kappa Alpha Foundation has awarded $1,005,255 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PIKE UNIVERSITY PURPOSE: EDUCATIONAL/LEADERSHIP GRANTS | $680,923 |
GAMMA CHI ALUMNI OF PI KAPPA ALPHA CORPORATION PURPOSE: EDUCATIONAL FACILITIES GRANTS | $69,606 |
HISTORY IT PURPOSE: PUBLICATIONS & PROGRAMMING | $87,350 |
DELTA THETA PURPOSE: EDUCATIONAL/LEADERSHIP GRANTS | $22,867 |
OAK SERVICE CORPORATION PURPOSE: PUBLICATIONS & PROGRAMING | $8,000 |
EPSILON LAMBDA PURPOSE: EDUCATIONAL/LEADERSHIP GRANTS | $9,102 |