Civic Intelligence

Phi Kappa Sigma Fraternity Grand Chapter

990 • Fiscal year 2020 • EIN 23-0967790

Aug 01, 2019 to Jul 31, 2020 • Filed on Dec 01, 2020

716 Adams Street Ste ACarmel, IN 46032

(463) 200-5200

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.14x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.23x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Net Margin

26th percentile

-5.3%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$82,500

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Asset Growth

80th percentile

9.1%

Faster asset growth than 80% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-22%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,419,369

Up $118,127 (+9.1%) from 2019

Net Assets

Down

$1,218,418

Down $46,630 (-3.7%) from 2019

Liabilities

Up

$200,951

Up $164,757 (+455%) from 2019

Revenue

Down

$884,774

Down $243,400 (-22%) from 2019

Expenses

Down

$931,404

Down $240,524 (-21%) from 2019

Net Income

Down

-$46,630

Down $2,876 (-6.6%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,079,367Liabilities 2011: $62,290Net Assets 2011: $1,017,0772011Assets 2012: $1,131,834Liabilities 2012: $47,041Net Assets 2012: $1,084,7932012Assets 2013: $1,160,045Liabilities 2013: $52,173Net Assets 2013: $1,107,8722013Assets 2014: $1,112,446Liabilities 2014: $25,504Net Assets 2014: $1,086,9422014Assets 2015: $1,208,313Liabilities 2015: $25,296Net Assets 2015: $1,183,0172015Assets 2016: $1,301,105Liabilities 2016: $133,505Net Assets 2016: $1,167,6002016Assets 2017: $1,343,272Liabilities 2017: $127,180Net Assets 2017: $1,216,0922017Assets 2018: $1,402,308Liabilities 2018: $93,505Net Assets 2018: $1,308,8032018Assets 2019: $1,301,242Liabilities 2019: $36,194Net Assets 2019: $1,265,0482019Assets 2020: $1,419,369Liabilities 2020: $200,951Net Assets 2020: $1,218,4182020Assets 2021: $1,429,454Liabilities 2021: $193,781Net Assets 2021: $1,235,6732021Assets 2022: $1,196,871Liabilities 2022: $181,533Net Assets 2022: $1,015,3382022Assets 2023: $1,503,648Liabilities 2023: $172,902Net Assets 2023: $1,330,7462023Assets 2024: $1,424,680Liabilities 2024: $469,701Net Assets 2024: $954,9792024

Highlighted filing

2020

Assets$1,419,369
Liabilities$200,951
Net Assets$1,218,418

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $501,498Expenses 2011: $540,320Net Income 2011: -$38,8222011Revenue 2012: $628,310Expenses 2012: $560,594Net Income 2012: $67,7162012Revenue 2013: $734,679Expenses 2013: $687,721Net Income 2013: $46,9582013Revenue 2014: $1,011,582Expenses 2014: $1,032,512Net Income 2014: -$20,9302014Revenue 2015: $977,289Expenses 2015: $881,214Net Income 2015: $96,0752015Revenue 2016: $1,079,408Expenses 2016: $1,094,825Net Income 2016: -$15,4172016Revenue 2017: $1,075,364Expenses 2017: $1,026,871Net Income 2017: $48,4932017Revenue 2018: $1,122,322Expenses 2018: $1,029,609Net Income 2018: $92,7132018Revenue 2019: $1,128,174Expenses 2019: $1,171,928Net Income 2019: -$43,7542019Revenue 2020: $884,774Expenses 2020: $931,404Net Income 2020: -$46,6302020Revenue 2021: $672,429Expenses 2021: $769,437Net Income 2021: -$97,0082021Revenue 2022: $800,168Expenses 2022: $930,485Net Income 2022: -$130,3172022Revenue 2023: $1,004,912Expenses 2023: $715,799Net Income 2023: $289,1132023Revenue 2024: $934,387Expenses 2024: $994,873Net Income 2024: -$60,4862024

Highlighted filing

2020

Revenue$884,774
Expenses$931,404
Net Income-$46,630
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Dec 1, 2020
Return Version
2019v5.1
Gross Receipts
$885,965
Mission and Program Overview

Mission

FRATERNAL ORGANIZATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$403,902$637,567▲ $233,665
Investments in Publicly Traded Securities$727,336$611,480▼ $115,856
Land, Buildings, and Equipment, Net$51,049$60,452▲ $9,403
Prepaid Expenses and Deferred Charges$56,598$59,175▲ $2,577
Accounts Receivable$46,126$36,182▼ $9,944
Other Notes and Loans Receivable, Net$16,231$14,513▼ $1,718
Total Assets$1,301,242$1,419,369▲ $118,127
Liabilities
Other Liabilities$9,537$165,537▲ $156,000
Accounts Payable and Accrued Expenses$26,657$35,414▲ $8,757
Total Liabilities$36,194$200,951▲ $164,757
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,265,048$1,218,418▼ $46,630
Total Net Assets Fund Balance$1,265,048$1,218,418▼ $46,630
Total Liabilities and Net Assets / Fund Balance$1,301,242$1,419,369▲ $118,127

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$44,696$3,624$48,320
Equipment$15,756$12,108$27,864
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David WolfExec DirectorFT$82,500$82,500

Board Members and Trustees

NameTitle
David SmithPresident
Brendon EganVice President
R Philip PetrowskiVice President
Jeffrey FuscoOfficer
Timothy SchugOfficer
Hamilton F SmithSecretary
Gil LizaldeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,767
Program Service Revenue
$725,670
Investment Income
$5,729
Other Revenue
$16,608
All Other Contributions
$136,767
Change in Net Assets
$-46,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$884,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$884,774
Total Revenue per Form 990
$884,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$637,437
Salaries, Compensation, and Employee Benefits$293,967
Total Fundraising Expense$30,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$259,998--$259,998
Other Salaries and Wages$160,436$6,264$10,511$177,211
Office Expenses$91,995$3,789$4,735$100,519
Travel$79,407$3,217$4,022$86,646
Current Officers, Directors, Trustees, and Key Employees$75,900$4,125$2,475$82,500
Information Technology$71,403$3,139$3,923$78,465
Occupancy$33,077$1,454$1,817$36,348
Fees for Services Accounting-$22,950-$22,950
Payroll Taxes$17,801$782$978$19,561
Fees for Services Legal-$17,829-$17,829
Other Employee Benefits$13,372$588$735$14,695
Fees for Services Other$5,765--$5,765
Depreciation Depletion$4,278$189$235$4,702
Advertising$224$10$12$246
Other Expenses$138$5$8$151
Conferences and Meetings$47$2$3$52
Total Functional Expenses$835,469$65,293$30,642$931,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$931,404
Total Expenses per Audited Statements$931,404
Total Expenses per Form 990$931,404
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$156,000
Chapter Funds Held in Trust$9,537
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to the organization's management and subsequently to board members for a review.

Form 990, Part VI, Section B, Line 12C

New volunteers are required to sign a conflict of interest policy at time of appointment and renew annually.

Form 990, Part VI, Section C, Line 19

Copies of form 990 and other documents are available upon request at the organization's offices.

Filing and Contact Details

Filer

Filer Name
Phi Kappa Sigma Fraternity
EIN
23-0967790
Phone
4632005200
Address
716 ADAMS STREET STE A, CARMEL, IN 46032

Signing Officer

Name
David Wolf
Title
Executive Director
Phone
6104693282
Signed
2020-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Wolf
Formed
1936
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
7
Employees
9
Volunteers
56

Preparer

Firm
Lemler Group LLC
Address
5625 N POST ROAD SUITE 104, INDIANAPOLIS, IN 46216
Preparer
David W Lemler Member
Phone
3174490121
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fraternity is exempt from federal and state income tax under the provisions of section 501(c)(7) of the internal revenue code; and calssified as a section 509(a)(1) organization. Net unrelated business income is subject to federal taxation.

Raw XML AppendixShowing 400 of 427 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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IRS990/PayrollTaxesGrp/FundraisingAmt0978
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0782
IRS990/PayrollTaxesGrp/ProgramServicesAmt017801
IRS990/PayrollTaxesGrp/TotalAmt019561
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056598
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt059175
IRS990/PrincipalOfficerNm0DAVID WOLF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1542429
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INSURANCE ADMINISTRATI
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATIONAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0456665
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1249125
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0456665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1249125
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219880
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0209000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028202
IRS990/PYOtherExpensesAmt0834503
IRS990/PYOtherRevenueAmt032959
IRS990/PYProgramServiceRevenueAmt0858013
IRS990/PYRevenuesLessExpensesAmt0-43754
IRS990/PYSalariesCompEmpBnftPaidAmt0337425
IRS990/PYTotalExpensesAmt01171928
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01128174
IRS990/ReconcilationRevenueExpnssAmt0-46630
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0728056
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt014092
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt014092
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt015756
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012108
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027864
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0931404
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt044696
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03624
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt048320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1156000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHAPTER FUNDS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0884774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FRATERNITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE; AND CALSSIFIED AS A SECTION 509(A)(1) ORGANIZATION. NET UNRELATED BUSINESS INCOME IS SUBJECT TO FEDERAL TAXATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060452
IRS990ScheduleD/TotalExpensesPerForm990Amt0931404
IRS990ScheduleD/TotalLiabilityAmt0165537
IRS990ScheduleD/TotalRevenuePerForm990Amt0884774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0884774
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0931404
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S MANAGEMENT AND SUBSEQUENTLY TO BOARD MEMBERS FOR A REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AT TIME OF APPOINTMENT AND RENEW ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF FORM 990 AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01301242
IRS990/TotalAssetsEOYAmt01419369
IRS990/TotalAssetsGrp/BOYAmt01301242
IRS990/TotalAssetsGrp/EOYAmt01419369
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0136767
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030642
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0835469
IRS990/TotalFunctionalExpensesGrp/TotalAmt0931404
IRS990/TotalGrossUBIAmt019821
IRS990/TotalLiabilitiesBOYAmt036194
IRS990/TotalLiabilitiesEOYAmt0200951
IRS990/TotalLiabilitiesGrp/BOYAmt036194
IRS990/TotalLiabilitiesGrp/EOYAmt0200951
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01265048
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01218418
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0835469
IRS990/TotalProgramServiceRevenueAmt0725670
IRS990/TotalReportableCompFromOrgAmt082500
IRS990/TotalRevenueGrp/ExclusionAmt0130
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0728056
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0884774
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt019821
IRS990/TotalVolunteersCnt056
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01301242
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01419369
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt04022
IRS990/TravelGrp/ManagementAndGeneralAmt03217
IRS990/TravelGrp/ProgramServicesAmt079407
IRS990/TravelGrp/TotalAmt086646
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0716 ADAMS STREET STE A
IRS990/USAddress/CityNm0CARMEL
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046032
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PKS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID WOLF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06104693282
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHI KAPPA SIGMA FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0PHIK

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.42$0.47$0.95$0.93$0.99$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.17$1.33$1.00$0.72$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.18$1.02$0.80$0.93$0.13
2021Summary only. Only limited summary data is available for this year.$1.43$0.19$1.24$0.67$0.77$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.42$0.20$1.22$0.88$0.93$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.04$1.27$1.13$1.17$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.40$0.09$1.31$1.12$1.03$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.13$1.22$1.08$1.03$0.05
2016Summary only. Only limited summary data is available for this year.$1.30$0.13$1.17$1.08$1.09$0.02
2015Summary only. Only limited summary data is available for this year.$1.21$0.03$1.18$0.98$0.88$0.10
2014Summary only. Only limited summary data is available for this year.$1.11$0.03$1.09$1.01$1.03$0.02
2013Summary only. Only limited summary data is available for this year.$1.16$0.05$1.11$0.73$0.69$0.05
2012Summary only. Only limited summary data is available for this year.$1.13$0.05$1.08$0.63$0.56$0.07
2011Summary only. Only limited summary data is available for this year.$1.08$0.06$1.02$0.50$0.54$0.04