Civic Intelligence

Phi Kappa Psi Fraternity

990 • Fiscal year 2018 • EIN 05-6034037

Sep 01, 2017 to Aug 31, 2018 • Filed on Dec 07, 2018

Organization ProfileN/A
34 Lower College RoadKingston, RI 02881

(401) 783-4852

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Asset Growth

46th percentile

0.2%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-96%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$1,577,078

Up $2,615 (+0.2%) from 2017

Net Assets

Up

$1,577,078

Up $2,615 (+0.2%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin84th percentile

Revenue

Down

$41,154

Down $981,347 (-96%) from 2017

Expenses

Down

$32,081

Down $27,627 (-46%) from 2017

Net Income

Down

$9,073

Down $953,720 (-99%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,224,519Liabilities 2011: $828,044Net Assets 2011: $396,4752011Assets 2012: $1,203,245Liabilities 2012: $798,622Net Assets 2012: $404,6232012Assets 2013: $1,211,618Liabilities 2013: $760,668Net Assets 2013: $450,9502013Assets 2014: $1,212,292Liabilities 2014: $720,970Net Assets 2014: $491,3222014Assets 2015: $1,212,424Liabilities 2015: $679,447Net Assets 2015: $532,9772015Assets 2016: $1,213,883Liabilities 2016: $636,099Net Assets 2016: $577,7842016Assets 2017: $1,574,463Liabilities 2017: $0Net Assets 2017: $1,574,4632017Assets 2018: $1,577,078Liabilities 2018: $0Net Assets 2018: $1,577,0782018Assets 2019: $1,550,226Liabilities 2019: $0Net Assets 2019: $1,550,2262019Assets 2020: $1,208,641Liabilities 2020: $0Net Assets 2020: $1,208,6412020Assets 2021: $1,202,370Liabilities 2021: $0Net Assets 2021: $1,202,3702021Assets 2022: $1,069,893Liabilities 2022: $0Net Assets 2022: $1,069,8932022Assets 2023: $1,036,971Liabilities 2023: $0Net Assets 2023: $1,036,9712023Assets 2024: $1,018,784Liabilities 2024: $2,100Net Assets 2024: $1,016,6842024Assets 2025: $1,010,289Liabilities 2025: $6,000Net Assets 2025: $1,004,2892025

Highlighted filing

2018

Assets$1,577,078
Liabilities$0
Net Assets$1,577,078
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $161,697Expenses 2011: $136,219Net Income 2011: $25,4782011Revenue 2012: $144,387Expenses 2012: $136,239Net Income 2012: $8,1482012Revenue 2013: $159,800Expenses 2013: $113,473Net Income 2013: $46,3272013Revenue 2014: $164,617Expenses 2014: $124,245Net Income 2014: $40,3722014Revenue 2015: $168,743Expenses 2015: $127,088Net Income 2015: $41,6552015Revenue 2016: $177,273Expenses 2016: $132,466Net Income 2016: $44,8072016Revenue 2017: $1,022,501Expenses 2017: $59,708Net Income 2017: $962,7932017Revenue 2018: $41,154Expenses 2018: $32,081Net Income 2018: $9,0732018Revenue 2019: $38,837Expenses 2019: $26,474Net Income 2019: $12,3632019Revenue 2020: $2,790Expenses 2020: $27,330Net Income 2020: -$24,5402020Revenue 2021: $2,091Expenses 2021: $11,056Net Income 2021: -$8,9652021Revenue 2022: $13,442Expenses 2022: $146,201Net Income 2022: -$132,7592022Revenue 2023: $6,917Expenses 2023: $39,730Net Income 2023: -$32,8132023Revenue 2024: $57,328Expenses 2024: $76,593Net Income 2024: -$19,2652024Revenue 2025: $73,021Expenses 2025: $85,916Net Income 2025: -$12,8952025

Highlighted filing

2018

Revenue$41,154
Expenses$32,081
Net Income$9,073
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Dec 7, 2018
Return Version
2017v2.3
Gross Receipts
$218,106
Mission and Program Overview

Mission

Collegiate housing for fraternal activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,052,916$1,056,291▲ $3,375
Investments Other Securities$433,154$459,715▲ $26,561
Cash and Non-Interest-Bearing Accounts$85,231$49,301▼ $35,930
Land, Buildings, and Equipment, Net$413$182▼ $231
Total Assets$1,574,463$1,577,078▲ $2,615
Other Assets Total$2,749$11,589▲ $8,840
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,574,463$1,577,078▲ $2,615
Total Net Assets Fund Balance$1,574,463$1,577,078▲ $2,615
Total Liabilities and Net Assets / Fund Balance$1,574,463$1,577,078▲ $2,615

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,428$1,428
Other Land Buildings$182$1,121$1,303
Other Securities$459,715--
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Chris ContiPresident
Walter AugustynSecretary
Joseph HartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$40,910
Other Revenue
$244
Change in Net Assets
$9,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,081
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,800-$4,800
Fees for Service Investment Mgmnt Fees-$4,514-$4,514
Conferences and Meetings$2,866--$2,866
Other Expenses$580--$580
All Other Expenses$505--$505
Depreciation Depletion$231--$231
Total Functional Expenses$22,767$9,314$0$32,081
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,405
Fundraising Direct Expenses$3,161
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has alumni members.”

Form 990, Page 6, Part VI, Line 7A

“The members elect the board of the corporation at the annual meeting.”

Form 990, Page 6, Part VI, Line 9

“Chris conti 362 middle highway barrington, ri 02806 joseph hart 1 narrows road narragansett, ri 02882 walter augustyn 188 leroy ave. Warwick, ri 02889”

Form 990, Page 6, Part VI, Line 11B

“The treasurer is responsible for reviewing the form 990 with the board.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements avaiable to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Phi Kappa Psi Fraternity
EIN
05-6034037
Phone
4017834852
Address
34 LOWER COLLEGE ROAD, KINGSTON, RI 02881

Signing Officer

Name
Joseph Hart
Title
Treasurer
Phone
4017834852
Signed
2018-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Hart
Formed
1966
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
9

Preparer

Firm
Loiselle & Company
Address
5586 POST RD STE 202, EAST GREENWICH, RI 02818-3454
Preparer
Edmond a Loiselle CPA
Phone
4013002345
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(7) of the internal revenue code. The organization accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefits is estimated on the 'cumulative probability assessment' that aggregates the estimated tax liability for all uncertain tax positions. The organization has identified their tax status as a tax exempt entity as a tax position; however, the organization has determined that such a tax position does not result in an uncertainty requiring recognition. The organization's income tax filings for 2014, 2015, 2016 and 2017 are subject to examination by the federal taxing authority, generally for three years after they were filed. The organization is not currently under examination by any taxing jurisdiction.”

Raw XML Appendix292 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHRIS CONTI 362 MIDDLE HIGHWAY BARRINGTON, RI 02806 JOSEPH HART 1 NARROWS ROAD NARRAGANSETT, RI 02882 WALTER AUGUSTYN 188 LEROY AVE. WARWICK, RI 02889
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IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002882
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH HART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04017834852
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHI KAPPA PSI FRATERNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALUMNI HOUSE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PHIK
ReturnHeader/Filer/EIN0056034037
ReturnHeader/Filer/PhoneNum04017834852
ReturnHeader/Filer/USAddress/AddressLine1Txt034 LOWER COLLEGE ROAD
ReturnHeader/Filer/USAddress/CityNm0KINGSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002881
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04C08E5928A1B79B43EF0798C550D69F685C9F0E7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00D159F1699F0F6AD7F24027EDDFD50CD328AAE11
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02018-12-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm022:27:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810945434
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOISELLE & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05586 POST RD STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST GREENWICH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0028183454
ReturnHeader/PreparerPersonGrp/PhoneNum04013002345
ReturnHeader/PreparerPersonGrp/PreparationDt02018-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDMOND A LOISELLE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-12-17T23:27:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,577,078
Liabilities
$0
Net assets
$1,577,078
Revenue
$41,154
Expenses
$32,081
Net income
$9,073
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.01$1.00$0.07$0.09$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.06$0.08$0.02
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.01$0.04$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.01$0.15$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.00$0.01$0.01
2020Summary only. Only limited summary data is available for this year.$1.21$0.00$1.21$0.00$0.03$0.02
2019Summary only. Only limited summary data is available for this year.$1.55$0.00$1.55$0.04$0.03$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.04$0.03$0.01
2017Summary only. Only limited summary data is available for this year.$1.57$0.00$1.57$1.02$0.06$0.96
2016Summary only. Only limited summary data is available for this year.$1.21$0.64$0.58$0.18$0.13$0.04
2015Summary only. Only limited summary data is available for this year.$1.21$0.68$0.53$0.17$0.13$0.04
2014Summary only. Only limited summary data is available for this year.$1.21$0.72$0.49$0.16$0.12$0.04
2013Summary only. Only limited summary data is available for this year.$1.21$0.76$0.45$0.16$0.11$0.05
2012Summary only. Only limited summary data is available for this year.$1.20$0.80$0.40$0.14$0.14$0.01
2011Summary only. Only limited summary data is available for this year.$1.22$0.83$0.40$0.16$0.14$0.03