Phi Beta Kappa Society
- Assets
- $726.9k
- Revenue
- $108.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 06/1951
- Data as of
- 12/2021
- EIN
- 95-6201337
Organization Overview
Phi Beta Kappa Society is located in Menlo Park, CA. The organization was established in 1951. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Phi Beta Kappa Society 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 12/2021, Phi Beta Kappa Society generated $108.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $106.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Phi Beta Kappa Society has awarded 80 individual grants totaling $429,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF SCHOLARSHIP AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATIONAL EVENTS INCLUDNG PLANNING FOR ASILOMAR EVENTS IN 2022 AND 2023. NO ASILOMAR EVENT WAS HELD IN 2021.
PUBLICATIONS INFORMING MEMBERS OF OUR ACCOMPLISHMENTS AND PROGRAM ACTIVITIES INCLUDING 4 NEWSLETTERS PER YEAR.
12 SCHOLORSHIP AWARDS OF $7500 EACH AND 4 TEACHING EXCELLENCE AWARDS OF $1000 EACH WERE MADE IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Turner Gilliland President | Officer | 3 | $0 |
Susan Jenkins Coresponding Sec. | Officer | 1 | $0 |
O'neil Dillon 1st Vice President | Officer | 2 | $0 |
Joanne Sandstrom 2nd Vice President | Officer | 2 | $0 |
Pat Kenber 3rd Vice President | Officer | 1 | $0 |
Duncan Missimer Treasurer | Officer | 5 | $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 | $74,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,293 |
| Total Program Service Revenue | $10,531 |
| Investment income | $23,624 |
| 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 | $108,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $94,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,347 |
| Information technology | $4,937 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $106,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,762 |
| Savings and temporary cash investments | $36,809 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $542,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $726,893 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $726,893 |
| Total liabilities and net assets/fund balances | $726,893 |
Grants Awarded
Over the last fiscal year, Phi Beta Kappa Society has awarded $93,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
KATHRYN PRIBBLE PURPOSE: SCHOLARSHIP | $7,500 |
TAL CASPL PURPOSE: SCHOLARSHIP | $7,500 |
GIL BREGER PURPOSE: SCHOLARSHIP | $7,500 |
JONATHAN LEAR PURPOSE: SCHOLARSHIP | $7,500 |
LEWIS ESPOSITO PURPOSE: SCHOLARSHIP | $7,500 |
CLAIRE MAGNANI PURPOSE: SCHOLARSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T H I N K Together Santa Ana, CA | $21,163,923 | $75,709,835 |
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Associated Students Inc San Luis Obispo, CA | $11,685,936 | $19,727,613 |
Associated Students Inc California State University Fullerton Fullerton, CA | $22,440,353 | $22,369,454 |
Associated Students Of San Diego State University San Diego, CA | $30,778,404 | $21,344,021 |
California State University Fresno Association Inc Fresno, CA | $113,779,668 | $15,944,994 |
Forty-Niner Shops Inc Long Beach, CA | $22,900,172 | $18,721,159 |
University Student Union Of California State University Northr Northridge, CA | $10,981,881 | $16,476,738 |
Associated Students Calif State University Long Beach Long Beach, CA | $29,242,032 | $17,619,316 |
Associated Students Inc Calif State Poly University Pomona Pomona, CA | $43,036,726 | $21,400,695 |
Student Union Of San Jose State University San Jose, CA | $15,630,953 | $10,786,949 |
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |