Civic Intelligence

The Grand Chapter of Phi Sigma Kappa

EIN 23-1500981 • 501(c)7 • Indianapolis, IN

View Organization Page

Profile

To cultivate fraternal spirit

2925 E 96th StIndianapolis, IN 46240

www.phisigmakappa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.35x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.26x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-18%

Higher net margin than 9% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$141,848

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-19%

Faster asset growth than 5% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.3%

Faster revenue growth than 42% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$1,866,389

Down $433,774 (-19%) from 2023

Liabilities

Down

$659,619

Down $16,358 (-2.4%) from 2023

Net Assets

Down

$1,206,770

Down $417,416 (-26%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin9th percentile

Revenue

Up

$2,494,964

Up $79,305 (+3.3%) from 2023

Expenses

Up

$2,937,030

Up $582,265 (+25%) from 2023

Net Income

Down

-$442,066

Down $502,960 (-826%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $945,950Liabilities 2011: $350,445Net Assets 2011: $595,5052011Assets 2012: $992,477Liabilities 2012: $239,998Net Assets 2012: $752,4792012Assets 2013: $1,109,655Liabilities 2013: $372,987Net Assets 2013: $736,6682013Assets 2014: $1,096,530Liabilities 2014: $290,934Net Assets 2014: $805,5962014Assets 2015: $1,129,493Liabilities 2015: $375,038Net Assets 2015: $754,4552015Assets 2016: $1,384,492Liabilities 2016: $397,122Net Assets 2016: $987,3702016Assets 2017: $1,771,851Liabilities 2017: $488,578Net Assets 2017: $1,283,2732017Assets 2018: $1,647,317Liabilities 2018: $326,615Net Assets 2018: $1,320,7022018Assets 2019: $1,435,941Liabilities 2019: $298,293Net Assets 2019: $1,137,6482019Assets 2020: $1,316,801Liabilities 2020: $208,222Net Assets 2020: $1,108,5792020Assets 2021: $1,615,009Liabilities 2021: $198,636Net Assets 2021: $1,416,3732021Assets 2022: $1,767,112Liabilities 2022: $197,107Net Assets 2022: $1,570,0052022Assets 2023: $2,300,163Liabilities 2023: $675,977Net Assets 2023: $1,624,1862023Assets 2024: $1,866,389Liabilities 2024: $659,619Net Assets 2024: $1,206,7702024

Highlighted filing

2024

Assets$1,866,389
Liabilities$659,619
Net Assets$1,206,770
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,498,4262011Expenses 2012: $1,584,4642012Expenses 2013: $1,733,8402013Revenue 2014: $2,048,285Expenses 2014: $1,984,118Net Income 2014: $64,1672014Revenue 2015: $1,951,422Expenses 2015: $1,998,593Net Income 2015: -$47,1712015Revenue 2016: $2,058,110Expenses 2016: $1,820,215Net Income 2016: $237,8952016Revenue 2017: $2,056,413Expenses 2017: $1,769,794Net Income 2017: $286,6192017Revenue 2018: $2,074,319Expenses 2018: $2,039,592Net Income 2018: $34,7272018Revenue 2019: $2,222,796Expenses 2019: $2,406,090Net Income 2019: -$183,2942019Revenue 2020: $2,332,720Expenses 2020: $2,357,839Net Income 2020: -$25,1192020Revenue 2021: $1,907,074Expenses 2021: $1,627,237Net Income 2021: $279,8372021Revenue 2022: $2,252,578Expenses 2022: $2,043,283Net Income 2022: $209,2952022Revenue 2023: $2,415,659Expenses 2023: $2,354,765Net Income 2023: $60,8942023Revenue 2024: $2,494,964Expenses 2024: $2,937,030Net Income 2024: -$442,0662024

Highlighted filing

2024

Revenue$2,494,964
Expenses$2,937,030
Net Income-$442,066
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,866,389
Liabilities
$659,619
Net assets
$1,206,770
Revenue
$2,494,964
Expenses
$2,937,030
Net income
-$442,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.66$1.21$2.49$2.94$0.44
2023Detailed filing. Detailed filing data is available for this year.$2.30$0.68$1.62$2.42$2.35$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.77$0.20$1.57$2.25$2.04$0.21
2021Detailed filing. Detailed filing data is available for this year.$1.62$0.20$1.42$1.91$1.63$0.28
2020Summary only. Only limited summary data is available for this year.$1.32$0.21$1.11$2.33$2.36$0.03
2019Summary only. Only limited summary data is available for this year.$1.44$0.30$1.14$2.22$2.41$0.18
2018Summary only. Only limited summary data is available for this year.$1.65$0.33$1.32$2.07$2.04$0.03
2017Summary only. Only limited summary data is available for this year.$1.77$0.49$1.28$2.06$1.77$0.29
2016Summary only. Only limited summary data is available for this year.$1.38$0.40$0.99$2.06$1.82$0.24
2015Summary only. Only limited summary data is available for this year.$1.13$0.38$0.75$1.95$2.00$0.05
2014Summary only. Only limited summary data is available for this year.$1.10$0.29$0.81$2.05$1.98$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.37$0.74$1.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.24$0.75$1.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.35$0.60$1.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$2,811,605
Mission and Program Overview

Mission

To cultivate fraternal spirit

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$812,548$693,747▼ $118,801
Cash and Non-Interest-Bearing Accounts$305,406$195,963▼ $109,443
Accounts Receivable$73,874$176,761▲ $102,887
Land, Buildings, and Equipment, Net$156,799$163,620▲ $6,821
Prepaid Expenses and Deferred Charges$190,642$159,058▼ $31,584
Investments in Publicly Traded Securities-$19,494-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,300,163$1,866,389▼ $433,774
Other Assets Total$760,894$457,746▼ $303,148
Liabilities
Other Liabilities$529,516$603,682▲ $74,166
Deferred Revenue$130,435--
Accounts Payable and Accrued Expenses$16,026$55,937▲ $39,911
Total Liabilities$675,977$659,619▼ $16,358
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,624,186$1,206,770▼ $417,416
Total Net Assets Fund Balance$1,624,186$1,206,770▼ $417,416
Total Liabilities and Net Assets / Fund Balance$2,300,163$1,866,389▼ $433,774

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$109,808$36,362$146,170
Equipment$53,812$47,602$101,414
Other Assets Org$281,924--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph KernExecutive DirectorFT$114,999$26,849$141,848

Board Members and Trustees

NameTitle
David L CohenGrand President
Atif J ElkadiDirector
Brandon PaternosterDirector
Darald H StubbsDirector
David GregoryDirector
Jacob DefassioDirector
Steve ChastainDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,112,279
Program Service Revenue
$1,161,297
Investment Income
$1,171
Other Revenue
$220,217
All Other Contributions
$279,637
Change in Net Assets
$-442,066

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,494,964
Revenue Not Reported on Form 990
$24,650
Total Revenue per Audited Statements
$2,519,614
Total Revenue per Form 990
$2,494,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,925,407
Salaries, Compensation, and Employee Benefits$977,873
Grants and Similar Amounts Paid$33,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$664,188
Insurance---$453,222
Conferences and Meetings---$438,880
Fees for Services Legal---$404,746
Current Officers, Directors, Trustees, and Key Employees---$114,999
Other Employee Benefits---$105,219
Information Technology---$80,159
Occupancy---$79,899
Fees for Services Other---$77,379
Payroll Taxes---$62,764
Office Expenses---$55,655
Travel---$50,181
Other Expenses---$41,830
Grants to Domestic Individuals---$33,750
Fees for Services Accounting---$32,420
Pension Plan Contributions---$30,703
Depreciation Depletion---$23,179
All Other Expenses---$1,606
Total Functional Expenses$0$0$0$2,937,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,937,030
Total Expenses per Audited Statements$2,937,030
Total Expenses per Form 990$2,937,030
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease liability$295,093
Risk management contingency$199,030
Sustaining Dues Liability$105,404
Alumni Agency Fund$4,155
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 6

“The organization has members that consist of college students and alumni.”

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

“The form 990 is reviewed with the chief operating officer and the contracted accountant prior to the chief operating officer sending an electronic copy to the board. The board is instructed to review the 990 and ask questions. After five working days, it is assumed that all are in favor and the 990 is officially submitted.”

Form 990, Part VI, Section B, Line 15A

“The compensation committee conducts an annual review of chief operating officer's performance and the overall structure/budget for all employees and presents to all board members. Comparable data is gathered when available and presented to the board for consideration.”

Form 990, Part VI, Section C, Line 19

“The phi sigma kappa fraternity's governing documents are made available to the public by written request.”

Filing and Contact Details

Filer

Filer Name
The Grand Chapter of Phi Sigma Kappa
EIN
23-1500981
Phone
3175735420
Address
2925 E 96TH ST, INDIANAPOLIS, IN 46240

Signing Officer

Name
Joseph Kern
Title
COO
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Formed
1959
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
100

Preparer

Firm
Barnes Givens & Barnes Ltd
Address
200 E Evergreen Ave Suite 117, Mount Prospect, IL 60056
Preparer
William J Barnes
Phone
2247642442
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process remains unchanged from prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“The fraternity is exempt from income taxes under section 501(c)(7) of the internal revenue code and a similar provision for state law. The exemption is on all income except unrelated business income as noted under section 511 of the internal revenue code. Internal revenue code section 513(a) defines an unrelated trade or business of an exempt organization as any trade or business which is not substantially related to the exercise or performance of its exempt purpose. Certain nonmember income, that would otherwise be taxable, may be set aside. Any income that the grand council has properly set aside must be used for the qualifying purposes in the set aside resolution.the fraternity files tax returns in the us federal and state of indiana tax juristictions. With few exceptions, the fraternity is no longer subject to us federal and state exeminations by tax athorities for years before 2021. The fraternity has evaluated tax positions taken in the tax returns filed and has determined that there are no uncertain tax positions as described bt generally accepted accounting principles.”

Raw XML AppendixShowing 400 of 446 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/LandBldgEquipBasisNetGrp/EOYAmt0163620
IRS990/LandBldgEquipCostOrOtherBssAmt0247584
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0316641
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IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0832642
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO CULTIVATE FRATERNAL SPIRIT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01624186
IRS990/NetAssetsOrFundBalancesEOYAmt01206770
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13471
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-13471
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt024650
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01624186
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01206770
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt079899
IRS990/OfficeExpensesGrp/TotalAmt055655
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0760894
IRS990/OtherAssetsTotalGrp/EOYAmt0457746
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0105219
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/Desc1Bad debts
IRS990/OtherExpensesGrp/Desc2Expansion services
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/TotalAmt091418
IRS990/OtherExpensesGrp/TotalAmt151326
IRS990/OtherExpensesGrp/TotalAmt243507
IRS990/OtherExpensesGrp/TotalAmt341830
IRS990/OtherLiabilitiesGrp/BOYAmt0529516
IRS990/OtherLiabilitiesGrp/EOYAmt0603682
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/BusinessCd1900009
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1PSK FNDN REIM SERVICES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04307
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1200000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020217
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1200000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt015910
IRS990/OtherRevenueTotalAmt0220217
IRS990/OtherSalariesAndWagesGrp/TotalAmt0664188
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt062764
IRS990/PensionPlanContributionsGrp/TotalAmt030703
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0190642
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0159058
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Conclave: officer academy
IRS990/ProgramServiceRevenueGrp/Desc1Registration fees
IRS990/ProgramServiceRevenueGrp/Desc2Risk management fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064884
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1221556
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2874857
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1221556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2874857
IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATION OF QUARTERLY NEWSLETTER
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTRATION OF NATIONAL LIABILITY PROGRAM FOR ALL PSK UNDERGRADUATES, ALUMNI CLUBS, AND VOLUNTEERS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01108551
IRS990/PYGrantsAndSimilarPaidAmt034356
IRS990/PYInvestmentIncomeAmt026549
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01567158
IRS990/PYOtherRevenueAmt0244245
IRS990/PYProgramServiceRevenueAmt01036314
IRS990/PYRevenuesLessExpensesAmt060894
IRS990/PYSalariesCompEmpBnftPaidAmt0753251
IRS990/PYTotalExpensesAmt02354765
IRS990/PYTotalRevenueAmt02415659
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-442066
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0812548
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0693747
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt053812
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047602
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0101414
IRS990ScheduleD/ExpensesSubtotalAmt02937030
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0109808
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt036362
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0146170
IRS990ScheduleD/NetUnrealizedGainsInvstAmt024650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt079471
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt196351
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2281924
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from related parties
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MEMBERSHIP INTEREST-FRMT, LTD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Operating lease right-of-use asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3rESTRICTED INVESTMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1295093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2199030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3105404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALUMNI AGENCY FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Operating lease liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Risk management contingency
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SUSTAINING DUES LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt024650
IRS990ScheduleD/RevenueSubtotalAmt02494964
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION FOR STATE LAW. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME AS NOTED UNDER SECTION 511 OF THE INTERNAL REVENUE CODE. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CERTAIN NONMEMBER INCOME, THAT WOULD OTHERWISE BE TAXABLE, MAY BE SET ASIDE. ANY INCOME THAT THE GRAND COUNCIL HAS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES IN THE SET ASIDE RESOLUTION.THE FRATERNITY FILES TAX RETURNS IN THE US FEDERAL AND STATE OF INDIANA TAX JURISTICTIONS. WITH FEW EXCEPTIONS, THE FRATERNITY IS NO LONGER SUBJECT TO US FEDERAL AND STATE EXEMINATIONS BY TAX ATHORITIES FOR YEARS BEFORE 2021. THE FRATERNITY HAS EVALUATED TAX POSITIONS TAKEN IN THE TAX RETURNS FILED AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS DESCRIBED BT GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0163620
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0457746
IRS990ScheduleD/TotalExpensesPerForm990Amt02937030
IRS990ScheduleD/TotalLiabilityAmt0603682
IRS990ScheduleD/TotalRevenuePerForm990Amt02494964
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02519614
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02937030
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt08500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt116000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt22250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt37000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Wenderoth Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Terrill Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Good Samaritan Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt17
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt215
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt310
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MEMBERS GO THROUGH A FORMAL APPLICATION PROCESS. A COMMITTEE SELECTS THE INDIVIDUAL BASED ON VARIOUS CRITERIA. THE ORGANIZATION MONITORS THE AWARDS BY CONFIRMING THE RECIPIENT IS ATTENDING THE UNIVERSITY FOR THE SEMESTERS FOR WHICH THE GRANT WAS AWARDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS THAT CONSIST OF COLLEGE STUDENTS AND ALUMNI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED WITH THE CHIEF OPERATING OFFICER AND THE CONTRACTED ACCOUNTANT PRIOR TO THE CHIEF OPERATING OFFICER SENDING AN ELECTRONIC COPY TO THE BOARD. THE BOARD IS INSTRUCTED TO REVIEW THE 990 AND ASK QUESTIONS. AFTER FIVE WORKING DAYS, IT IS ASSUMED THAT ALL ARE IN FAVOR AND THE 990 IS OFFICIALLY SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION COMMITTEE CONDUCTS AN ANNUAL REVIEW OF CHIEF OPERATING OFFICER'S PERFORMANCE AND THE OVERALL STRUCTURE/BUDGET FOR ALL EMPLOYEES AND PRESENTS TO ALL BOARD MEMBERS. COMPARABLE DATA IS GATHERED WHEN AVAILABLE AND PRESENTED TO THE BOARD FOR CONSIDERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PHI SIGMA KAPPA FRATERNITY'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS REMAINS UNCHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
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IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TotalAssetsGrp/BOYAmt02300163
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01206770
IRS990/TotalProgramServiceRevenueAmt01161297
IRS990/TotalReportableCompFromOrgAmt0114999

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