Civic Intelligence

Phi Kappa Sigma Educational Fund Inc

990 • Fiscal year 2023 • EIN 23-6235335

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 24, 2024

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

6th percentile

-63%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$125,557

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 39.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

44th percentile

2.3%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-13%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$4,563,530

Up $103,036 (+2.3%) from 2022

Net Assets

Up

$4,533,563

Up $114,188 (+2.6%) from 2022

Liabilities

Down

$29,967

Down $11,152 (-27%) from 2022

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin6th percentile

Revenue

Down

$316,275

Down $45,243 (-13%) from 2022

Expenses

Up

$515,833

Up $6,051 (+1.2%) from 2022

Net Income

Down

-$199,558

Down $51,294 (-35%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2023

Assets$4,563,530
Liabilities$29,967
Net Assets$4,533,563
Open 2023 Filing

Operations Trend

Revenue Growth23rd 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

2023

Revenue$316,275
Expenses$515,833
Net Income-$199,558
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 24, 2024
Return Version
2023v5.0
Gross Receipts
$328,998
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$3,935,511$4,145,094▲ $209,583
Land, Buildings, and Equipment, Net$280,957$268,234▼ $12,723
Savings and Temporary Cash Investments$148,895$86,050▼ $62,845
Cash and Non-Interest-Bearing Accounts$89,132$58,153▼ $30,979
Prepaid Expenses and Deferred Charges$5,999$5,999→ $0
Total Assets$4,460,494$4,563,530▲ $103,036
Liabilities
Accounts Payable and Accrued Expenses$40,619$29,467▼ $11,152
Grants Payable$500$500→ $0
Total Liabilities$41,119$29,967▼ $11,152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,184,008$4,394,193▲ $210,185
Net Assets With Donor Restrictions$235,367$139,370▼ $95,997
Total Net Assets Fund Balance$4,419,375$4,533,563▲ $114,188
Total Liabilities and Net Assets / Fund Balance$4,460,494$4,563,530▲ $103,036

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$268,234$81,638$349,872
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis SheaDirector ofFT$125,557$125,557

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$126,755
Program Service Revenue
$0
Investment Income
$155,702
Other Revenue
$33,818
All Other Contributions
$126,755
Change in Net Assets
$-199,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$316,275
Total Revenue per Audited Statements
$316,275
Total Revenue per Form 990
$316,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,304
Total Fundraising Expense$152,707
Salaries, Compensation, and Employee Benefits$136,050
Grants and Similar Amounts Paid$104,479
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$147,431-$147,431
Current Officers, Directors, Trustees, and Key Employees--$125,557$125,557
Grants to Domestic Individuals$103,750--$103,750
Fees for Services Accounting-$27,426-$27,426
Office Expenses-$18,517-$18,517
Conferences and Meetings-$16,362-$16,362
Payroll Taxes--$10,493$10,493
Insurance-$4,629-$4,629
Other Expenses-$925$4,933$925
Grants to Domestic Orgs$729--$729
All Other Expenses--$701$701
Total Functional Expenses$104,479$258,647$152,707$515,833

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$515,833
Total Expenses per Audited Statements$515,833
Total Expenses per Form 990$515,833
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
2024-09-24
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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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
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ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,563,530
Liabilities
$29,967
Net assets
$4,533,563
Revenue
$316,275
Expenses
$515,833
Net income
-$199,558
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