Civic Intelligence

Phi Kappa Sigma Educational Fund Inc

990 • Fiscal year 2015 • EIN 23-6235335

Aug 01, 2014 to Jul 31, 2015 • Filed on May 31, 2016

444 Interstate RoadAddison, IL 60101

(630) 543-8100

Siviq Scores

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

Liabilities / Assets

36th percentile

0.04x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.44x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

84th percentile

28%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

65th percentile

5.2%

Faster asset growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,213,210

Up $209,627 (+5.2%) from 2014

Net Assets

Up

$4,064,637

Up $145,183 (+3.7%) from 2014

Liabilities

Up

$148,573

Up $64,444 (+77%) from 2014

Revenue

Up

$335,806

Up $51,270 (+18%) from 2014

Expenses

Up

$241,033

Up $36,464 (+18%) from 2014

Net Income

Up

$94,773

Up $14,806 (+19%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $3,253,351Liabilities 2012: $73,306Net Assets 2012: $3,180,0452012Assets 2013: $3,665,258Liabilities 2013: $97,175Net Assets 2013: $3,568,0832013Assets 2014: $4,003,583Liabilities 2014: $84,129Net Assets 2014: $3,919,4542014Assets 2015: $4,213,210Liabilities 2015: $148,573Net Assets 2015: $4,064,6372015Assets 2016: $4,186,011Liabilities 2016: $113,010Net Assets 2016: $4,073,0012016Assets 2017: $4,524,232Liabilities 2017: $61,000Net Assets 2017: $4,463,2322017Assets 2018: $4,823,223Liabilities 2018: $120,250Net Assets 2018: $4,702,9732018Assets 2019: $4,627,132Liabilities 2019: $90,000Net Assets 2019: $4,537,1322019Assets 2020: $4,531,324Liabilities 2020: $145,001Net Assets 2020: $4,386,3232020Assets 2021: $5,305,558Liabilities 2021: $4,166Net Assets 2021: $5,301,3922021Assets 2022: $4,460,494Liabilities 2022: $41,119Net Assets 2022: $4,419,3752022Assets 2023: $4,563,530Liabilities 2023: $29,967Net Assets 2023: $4,533,5632023Assets 2024: $4,819,144Liabilities 2024: $511Net Assets 2024: $4,818,6332024

Highlighted filing

2015

Assets$4,213,210
Liabilities$148,573
Net Assets$4,064,637

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $221,8692012Expenses 2013: $220,3842013Revenue 2014: $284,536Expenses 2014: $204,569Net Income 2014: $79,9672014Revenue 2015: $335,806Expenses 2015: $241,033Net Income 2015: $94,7732015Revenue 2016: $407,645Expenses 2016: $292,041Net Income 2016: $115,6042016Revenue 2017: $307,357Expenses 2017: $174,660Net Income 2017: $132,6972017Revenue 2018: $566,801Expenses 2018: $327,060Net Income 2018: $239,7412018Revenue 2019: $225,389Expenses 2019: $391,230Net Income 2019: -$165,8412019Revenue 2020: $311,180Expenses 2020: $461,989Net Income 2020: -$150,8092020Revenue 2021: $313,202Expenses 2021: $137,854Net Income 2021: $175,3482021Revenue 2022: $361,518Expenses 2022: $509,782Net Income 2022: -$148,2642022Revenue 2023: $316,275Expenses 2023: $515,833Net Income 2023: -$199,5582023Revenue 2024: $426,177Expenses 2024: $403,318Net Income 2024: $22,8592024

Highlighted filing

2015

Revenue$335,806
Expenses$241,033
Net Income$94,773
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
May 31, 2016
Return Version
2014v6.0
Gross Receipts
$381,224
Mission and Program Overview

Mission

To provide financial assistance in the form of scholarships to eligible fraternity members and support development of scholastic improvement and leadership capability of fratenity members within the individual chapters of the fraternity

To provide financial assistance and training for education to eligible fraternity members

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,827,921$4,035,387▲ $207,466
Investments in Publicly Traded Securities$122,215$115,907▼ $6,308
Savings and Temporary Cash Investments$34,084$60,553▲ $26,469
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,003,583$4,213,210▲ $209,627
Other Assets Total$19,363$1,363▼ $18,000
Liabilities
Accounts Payable and Accrued Expenses$19,129$87,203▲ $68,074
Grants Payable$65,000$61,370▼ $3,630
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$84,129$148,573▲ $64,444
Net Assets / Fund Balance
Unrestricted Net Assets$3,326,358$3,456,411▲ $130,053
Temporarily Rstr Net Assets$593,096$608,226▲ $15,130
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,919,454$4,064,637▲ $145,183
Total Liabilities and Net Assets / Fund Balance$4,003,583$4,213,210▲ $209,627

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,147$5,147
Other Securities$315,900--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert J Burnettpresident
Lonny BoekeVice president
david du pontVice president
CT Benisdirector
Daniel Heissdirector
Jay Wurzdirector
Joseph Moidldirector
Paul Finazzodirector
Walt Jaegerdirector
douglas coxdirector
kevin palmerdirector
peter j nicholsdirector
ronald siggsdirector
roy FreemanSecretary
Allan M Camerontreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$120,058
Program Service Revenue
$0
Investment Income
$215,748
Other Revenue
$0
All Other Contributions
$120,058
Change in Net Assets
$94,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,413
Grants and Similar Amounts Paid$63,620
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$63,620--$63,620
Fees for Services Accounting-$9,300-$9,300
Other Expenses$97,500$4,993$0$4,993
Total Functional Expenses$161,120$79,913$0$241,033
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
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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, Part VI, Section A, Line 2

There are business relationships between some of the trustees. However, they are unrelated to the foundation.

Form 990 Part VI Section B Line 11

Treasurer reviews completed form 990, sends copies to other officers for their comments before filing

Form 990 Part VI Section B Line 12C

At each annual meeting each board member is requested to disclose any conflict of interest.

Form 990 Part VI Secton C Line 19

AVAILABLE ON REQUEST

Filing and Contact Details

Filer

Filer Name
Phi Kappa Sigma Foundation Inc
EIN
23-6235335
In Care Of
% ALLAN M CAMERON JR
Phone
6305438100
Address
444 INTERSTATE ROAD, ADDISON, IL 60101

Signing Officer

Name
Allan M Cameron Jr
Title
Treasurer
Phone
6305438100
Signed
2016-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allan M Cameron Jr
Formed
1953
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Vito G Loisi
Phone
6302829500
Supplemental Narrative

Additional Explanations

Form 990 , Part XII, Line 2C

No change in selection or oversight process from the previous year

Financial Statement Notes

Schedule D Part X, line 2

The foundation recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The foundation has no ongoing federal or state income tax examinations. The foundation is no longer subject to federal or state income tax examinations before the 2012 year.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0139766
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt061000
IRS990/PYInvestmentIncomeAmt0144770
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0143569
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt079967
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0204569
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0284536
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt094773
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034084
IRS990/SavingsAndTempCashInvstGrp/EOYAmt060553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0120058
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0149766
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt085024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0147374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0626662
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0204073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0144770
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0108560
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt098687
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt093809
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0649899
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48152
IRS990ScheduleA/PublicSupportPY170Pct00.54620
IRS990ScheduleA/PublicSupportTotal170Amt0614693
IRS990ScheduleA/SubstantialContributorsTotAmt011969
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0120058
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0149766
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt085024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0147374
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124440
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0626662
IRS990ScheduleA/TotalSupportAmt01276561
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/DepreciationAmt05147
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05147
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03719487
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1315900
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MONEY MARKET FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE FOUNDATION HAS NO ONGOING FEDERAL OR STATE INCOME TAX EXAMINATIONS. THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS BEFORE THE 2012 YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D Part X, line 2
IRS990ScheduleD/TotalBookValueSecuritiesAmt04035387
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063620
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt057
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are given in the form of scholarships that are awarded based on certain criteria and on the condition that the awardee is attending the college per his application. Monitoring is done through the national fraternity, determining that the awardee is a active member in the fraternity chapters.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Description of Procedure for Monitoring Use of Funds
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO CHANGE IN SELECTION OR OVERSIGHT PROCESS FROM THE PREVIOUS YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE BUSINESS RELATIONSHIPS BETWEEN SOME OF THE TRUSTEES. HOWEVER, THEY ARE UNRELATED TO THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TREASURER REVIEWS COMPLETED FORM 990, SENDS COPIES TO OTHER OFFICERS FOR THEIR COMMENTS BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT EACH ANNUAL MEETING EACH BOARD MEMBER IS REQUESTED TO DISCLOSE ANY CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 , PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI SECTION B LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VI SECTON C LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/StatesWhereCopyOfReturnIsFldCd1PA
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0593096
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0608226
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04003583
IRS990/TotalAssetsEOYAmt04213210
IRS990/TotalAssetsGrp/BOYAmt04003583
IRS990/TotalAssetsGrp/EOYAmt04213210
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0120058
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079913
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0161120
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241033
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt084129
IRS990/TotalLiabilitiesEOYAmt0148573
IRS990/TotalLiabilitiesGrp/BOYAmt084129
IRS990/TotalLiabilitiesGrp/EOYAmt0148573
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03919454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04064637
IRS990/TotalProgramServiceExpensesAmt0161120
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0215749
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335806
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04003583
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04213210
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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