Civic Intelligence

Phi Kappa Sigma Educational Fund Inc

990 • Fiscal year 2022 • EIN 23-6235335

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfilePKSEDFUND.COM
PO Box 508Chestertown, MD 21620

(610) 937-2204

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$115,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 31.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

62nd percentile

15%

Faster revenue growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$4,460,494

Down $845,064 (-16%) from 2021

Net Assets

Down

$4,419,375

Down $882,017 (-17%) from 2021

Liabilities

Up

$41,119

Up $36,953 (+887%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin8th percentile

Revenue

Up

$361,518

Up $48,316 (+15%) from 2021

Expenses

Up

$509,782

Up $371,928 (+270%) from 2021

Net Income

Down

-$148,264

Down $323,612 (-185%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

2022

Assets$4,460,494
Liabilities$41,119
Net Assets$4,419,375
Open 2022 Filing

Operations Trend

Revenue Growth62nd percentile

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

2022

Revenue$361,518
Expenses$509,782
Net Income-$148,264
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$361,518
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 memebers

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,611,774$3,941,510▼ $670,264
Land, Buildings, and Equipment, Net$293,679$280,957▼ $12,722
Savings and Temporary Cash Investments$271,174$148,895▼ $122,279
Cash and Non-Interest-Bearing Accounts$128,931$89,132▼ $39,799
Total Assets$5,305,558$4,460,494▼ $845,064
Liabilities
Accounts Payable and Accrued Expenses$3,666$40,619▲ $36,953
Grants Payable$500$500→ $0
Total Liabilities$4,166$41,119▲ $36,953
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,066,025$4,184,008▼ $882,017
Net Assets With Donor Restrictions$235,367$235,367→ $0
Total Net Assets Fund Balance$5,301,392$4,419,375▼ $882,017
Total Liabilities and Net Assets / Fund Balance$5,305,558$4,460,494▼ $845,064

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$280,957$68,915$349,872
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis SheaDirector ofFT$115,000$115,000

Board Members and Trustees

NameTitle
Peter NicholsPresident
Ct BenisSecretary
Jeffrey LongTreasurer
Lonny BoekeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$151,598
Program Service Revenue
$0
Investment Income
$179,891
Other Revenue
$30,029
All Other Contributions
$151,598
Change in Net Assets
$-148,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$361,518
Total Revenue per Audited Statements
$361,518
Total Revenue per Form 990
$361,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,922
Grants and Similar Amounts Paid$135,112
Salaries, Compensation, and Employee Benefits$124,748
Total Fundraising Expense$124,748
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees--$115,000$115,000
Fees for Services Legal-$109,757-$109,757
Grants to Domestic Individuals$98,662--$98,662
Fees for Services Accounting-$61,878-$61,878
Grants to Domestic Orgs$36,450--$36,450
Conferences and Meetings-$15,602-$15,602
Office Expenses-$12,855-$12,855
Depreciation Depletion-$12,722-$12,722
Payroll Taxes--$9,748$9,748
Insurance-$5,260-$5,260
Other Expenses-$431-$431
Total Functional Expenses$135,112$249,922$124,748$509,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,782
Total Expenses per Audited Statements$509,782
Total Expenses per Form 990$509,782
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various Phi Kappa Sigma Chapters--House Restoration$36,450
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Treasurer reviews completed form 990, sends copies to other officers for thier comments before filing.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Phi Kappa Sigma Educational
EIN
23-6235335
Phone
6109372204
Address
PO BOX 508, CHESTERTOWN, MD 21620

Signing Officer

Name
Jeffrey Long
Title
Treasurer
Phone
6304173118
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Long
Formed
1953
Legal Domicile
De
Voting Board Members
16
Independent Board Members
16
Employees
1

Preparer

Firm
Rd Barnett Pllc
Address
2311 N 45 TH ST 105, SEATTLE, WA 98103-6905
Preparer
Reginald D Barnett
Phone
2063478000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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

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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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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0280957
IRS990ScheduleD/TotalExpensesPerForm990Amt0509782
IRS990ScheduleD/TotalRevenuePerForm990Amt0361518
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0361518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0509782
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt098662
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/CashGrantAmt036450
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0HOUSE RESTORATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VARIOUS PHI KAPPA SIGMA CHAPTERS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO ELIGIBLE FRATERNITY MEMBERS AND SUPPORT DEVELOPMENT OF SCHOLASTIC IMPROVEMENT AND LEADERSHIP CAPABILITY OF FRATERNITY MEMBERS WITHIN THE INDIVIDUAL CHAPTERS OF THE FRATERNITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TREASURER REVIEWS COMPLETED FORM 990, SENDS COPIES TO OTHER OFFICERS FOR THIER COMMENTS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05305558
IRS990/TotalAssetsEOYAmt04460494
IRS990/TotalAssetsGrp/BOYAmt05305558
IRS990/TotalAssetsGrp/EOYAmt04460494
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0151598
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0124748
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0249922
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135112
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509782
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04166
IRS990/TotalLiabilitiesEOYAmt041119
IRS990/TotalLiabilitiesGrp/BOYAmt04166
IRS990/TotalLiabilitiesGrp/EOYAmt041119
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05301392
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04419375
IRS990/TotalProgramServiceExpensesAmt0135112
IRS990/TotalReportableCompFromOrgAmt0115000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0209920
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361518
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05305558
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04460494
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CHESTERTOWN
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021620
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0PKSEDFUND.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY LONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06304173118
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHI KAPPA SIGMA EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0PHIK
ReturnHeader/Filer/EIN0236235335
ReturnHeader/Filer/PhoneNum06109372204
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ReturnHeader/Filer/USAddress/CityNm0CHESTERTOWN
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ReturnHeader/Filer/USAddress/ZIPCd021620
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464331324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RD BARNETT PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02311 N 45 TH ST 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981036905
ReturnHeader/PreparerPersonGrp/PhoneNum02063478000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REGINALD D BARNETT
ReturnHeader/ReturnTs02023-11-14T16:39:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LONG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,460,494
Liabilities
$41,119
Net assets
$4,419,375
Revenue
$361,518
Expenses
$509,782
Net income
-$148,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.82$0.00$4.82$0.43$0.40$0.02
2023Detailed filing. Detailed filing data is available for this year.$4.56$0.03$4.53$0.32$0.52$0.20
2022Detailed filing. Detailed filing data is available for this year.$4.46$0.04$4.42$0.36$0.51$0.15
2021Detailed filing. Detailed filing data is available for this year.$5.31$0.00$5.30$0.31$0.14$0.18
2020Detailed filing. Detailed filing data is available for this year.$4.53$0.15$4.39$0.31$0.46$0.15
2019Detailed filing. Detailed filing data is available for this year.$4.63$0.09$4.54$0.23$0.39$0.17
2018Detailed filing. Detailed filing data is available for this year.$4.82$0.12$4.70$0.57$0.33$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.52$0.06$4.46$0.31$0.17$0.13
2016Detailed filing. Detailed filing data is available for this year.$4.19$0.11$4.07$0.41$0.29$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.21$0.15$4.06$0.34$0.24$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.00$0.08$3.92$0.28$0.20$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$0.10$3.57$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.07$3.18$0.22