Civic Intelligence

Phi Kappa Psi Indiana Beta Inc

990 • Fiscal year 2021 • EIN 35-6201594

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

Organization ProfileN/A
475 N College AveBloomington, IN 47404-3828

(812) 336-8550

Siviq Scores

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

Liabilities / Assets

56th percentile

0.44x

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

2021 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

4.13x

Higher debt load relative to revenue than 50% of similar nonprofits.

2021 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2021

Net Margin

23rd percentile

-33%

Higher net margin than 23% of similar nonprofits.

2021 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$38,290

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2021 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

$5,323,554

No earlier filing loaded for comparison.

Net Assets

$2,961,369

No earlier filing loaded for comparison.

Liabilities

$2,362,185

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin23rd percentile

Revenue

$571,748

No earlier filing loaded for comparison.

Expenses

$760,702

No earlier filing loaded for comparison.

Net Income

-$188,954

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2021: $5,323,554Liabilities 2021: $2,362,185Net Assets 2021: $2,961,3692021Assets 2022: $5,049,593Liabilities 2022: $1,934,831Net Assets 2022: $3,114,7622022Assets 2023: $5,214,682Liabilities 2023: $2,511,081Net Assets 2023: $2,703,6012023Assets 2024: $5,074,032Liabilities 2024: $2,455,927Net Assets 2024: $2,618,1052024Assets 2025: $5,126,649Liabilities 2025: $2,594,610Net Assets 2025: $2,532,0392025

Highlighted filing

2021

Assets$5,323,554
Liabilities$2,362,185
Net Assets$2,961,369
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $571,748Expenses 2021: $760,702Net Income 2021: -$188,9542021Revenue 2022: $825,115Expenses 2022: $744,485Net Income 2022: $80,6302022Revenue 2023: $1,052,604Expenses 2023: $1,346,705Net Income 2023: -$294,1012023Revenue 2024: $1,043,638Expenses 2024: $1,144,630Net Income 2024: -$100,9922024Revenue 2025: $1,068,509Expenses 2025: $1,154,575Net Income 2025: -$86,0662025

Highlighted filing

2021

Revenue$571,748
Expenses$760,702
Net Income-$188,954
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$571,748
Mission and Program Overview

Mission

Provided furnished housing and educational, leadership, and social activities to student members attending indiana university.

Provided furnished housing and educational activities to student members attending indiana university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,077,207$4,911,015▼ $166,192
Accounts Receivable$0$168,260▲ $168,260
Cash and Non-Interest-Bearing Accounts$128,380$149,878▲ $21,498
Savings and Temporary Cash Investments$43,349$75,226▲ $31,877
Prepaid Expenses and Deferred Charges$11,054$13,101▲ $2,047
Intangible Assets$899$794▼ $105
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 Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,266,169$5,323,554▲ $57,385
Other Assets Total$5,280$5,280→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,900,722$1,887,608▼ $13,114
Deferred Revenue$141,975$344,100▲ $202,125
Other Liabilities$59,000$118,000▲ $59,000
Accounts Payable and Accrued Expenses$14,149$12,477▼ $1,672
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,115,846$2,362,185▲ $246,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,150,323$2,961,369▼ $188,954
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,150,323$2,961,369▼ $188,954
Total Liabilities and Net Assets / Fund Balance$5,266,169$5,323,554▲ $57,385

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,932,736$1,462,323-
Land$937,456--
Equipment$40,823$213,810-
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleOtherTotal
Bob KortVice President/secretary$38,290$38,290

Board Members and Trustees

NameTitle
Kevin GordonPresident
Craig HixonDirector
Evan MossDirector
Paul BatesDirector
Stu RhodesDirector
Tim LongDirector
Tom JohnstonDirector
Wade GarardDirector
Marvin BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,161
Program Service Revenue
$484,501
Investment Income
$21
Other Revenue
$5,065
All Other Contributions
$59,661
Change in Net Assets
$-188,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$692,948
Salaries, Compensation, and Employee Benefits$67,754
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$169,811--$169,811
Depreciation Depletion$166,297--$166,297
Interest$110,584--$110,584
Other Salaries and Wages$57,923--$57,923
Fees for Services Accounting$36,064--$36,064
Insurance$15,421--$15,421
Other Employee Benefits$9,831--$9,831
Office Expenses$6,257--$6,257
Other Expenses$6,000--$6,000
Payment Travel Entrtnmnt Publicly Ofcl$1,153--$1,153
Total Functional Expenses$760,702$0$0$760,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bob KortDirectorGeneral Repairs and Storage--

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Room Deposits$118,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Section B Line 12A,B, C

“Board members are informed of the policy. If any conflict of interest is determined such person shall give notice of such interest or relationship and shall thereafter refrain from discussing or voting on matters related to the conflict of interest.”

Part VI Section B Line 11A

“The 990 tax return is presented to the board at a board meeting for review.”

Part VI Section A Line 7B

“Members vote on governing body”

Part VI Section B Line 15 A & B

“No directors or officers are compensated for their duties as director or officer. There are no compensated top management officers and no key employees. Bob kort is the owner of kort builders, and payments to his company for services rendered are reported on part vii.”

Filing and Contact Details

Filer

Filer Name
Phi Kappa Psi Indiana Beta Inc
EIN
35-6201594
In Care Of
% BKD LLP
Address
475 N COLLEGE AVE, BLOOMINGTON, IN 47404-3828

Signing Officer

Name
Marvin Brown
Title
Treasurer
Phone
8123368550
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Brown
Formed
1956
Legal Domicile
In
Voting Board Members
9
Independent Board Members
8
Employees
1

Preparer

Firm
Bkd Llp
Address
475 N College Avenue, Bloomington, IN 47404
Preparer
Isabel P Santner
Phone
8123368550
Supplemental Narrative

Additional Explanations

Part X Line 23

“During fye 6.30.2017 it was determined that the loan was secured by the building.”

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09831
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09831
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2DORM BREAKAGE
IRS990/OtherExpensesGrp/ProgramServicesAmt012076
IRS990/OtherExpensesGrp/ProgramServicesAmt1169285
IRS990/OtherExpensesGrp/ProgramServicesAmt26000
IRS990/OtherExpensesGrp/TotalAmt012076
IRS990/OtherExpensesGrp/TotalAmt1169285
IRS990/OtherExpensesGrp/TotalAmt26000
IRS990/OtherLiabilitiesGrp/BOYAmt059000
IRS990/OtherLiabilitiesGrp/EOYAmt0118000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05065
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05065
IRS990/OtherRevenueTotalAmt05065
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057923
IRS990/OtherSalariesAndWagesGrp/TotalAmt057923
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011054
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013101
IRS990/PrincipalOfficerNm0MARVIN BROWN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0ROOM AND BOARD
IRS990/ProgramServiceRevenueGrp/Desc1FINES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0483810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0483810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1691
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt034000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt01153
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt01153
IRS990/PYOtherExpensesAmt0760838
IRS990/PYOtherRevenueAmt0356
IRS990/PYProgramServiceRevenueAmt0645815
IRS990/PYRevenuesLessExpensesAmt0-142830
IRS990/PYSalariesCompEmpBnftPaidAmt062165
IRS990/PYTotalExpensesAmt0823003
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0680173
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-188954
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0571748
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt043349
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075226
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03932736
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01462323
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05395059
IRS990ScheduleD/EquipmentGrp/BookValueAmt040823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0213810
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0254633
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0937456
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0937456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0118000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ROOM DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04911015
IRS990ScheduleD/TotalLiabilityAmt0118000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Bob Kort
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0General Repairs and Storage
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE INFORMED OF THE POLICY. IF ANY CONFLICT OF INTEREST IS DETERMINED SUCH PERSON SHALL GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON MATTERS RELATED TO THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 TAX RETURN IS PRESENTED TO THE BOARD AT A BOARD MEETING FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE ON GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DIRECTORS OR OFFICERS ARE COMPENSATED FOR THEIR DUTIES AS DIRECTOR OR OFFICER. THERE ARE NO COMPENSATED TOP MANAGEMENT OFFICERS AND NO KEY EMPLOYEES. BOB KORT IS THE OWNER OF KORT BUILDERS, AND PAYMENTS TO HIS COMPANY FOR SERVICES RENDERED ARE REPORTED ON PART VII.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING FYE 6.30.2017 IT WAS DETERMINED THAT THE LOAN WAS SECURED BY THE BUILDING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B LINE 12A,B, C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTION A LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI SECTION B LINE 15 A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART X LINE 23
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05266169
IRS990/TotalAssetsEOYAmt05323554
IRS990/TotalAssetsGrp/BOYAmt05266169
IRS990/TotalAssetsGrp/EOYAmt05323554
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt082161
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0760702
IRS990/TotalFunctionalExpensesGrp/TotalAmt0760702
IRS990/TotalGrossUBIAmt021
IRS990/TotalLiabilitiesBOYAmt02115846
IRS990/TotalLiabilitiesEOYAmt02362185
IRS990/TotalLiabilitiesGrp/BOYAmt02115846
IRS990/TotalLiabilitiesGrp/EOYAmt02362185
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03150323
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02961369
IRS990/TotalOtherCompensationAmt038290
IRS990/TotalProgramServiceExpensesAmt0760702

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,323,554
Liabilities
$2,362,185
Net assets
$2,961,369
Revenue
$571,748
Expenses
$760,702
Net income
-$188,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.13$2.59$2.53$1.07$1.15$0.09
2024Detailed filing. Detailed filing data is available for this year.$5.07$2.46$2.62$1.04$1.14$0.10
2023Detailed filing. Detailed filing data is available for this year.$5.21$2.51$2.70$1.05$1.35$0.29
2022Detailed filing. Detailed filing data is available for this year.$5.05$1.93$3.11$0.83$0.74$0.08
2021Detailed filing. Detailed filing data is available for this year.$5.32$2.36$2.96$0.57$0.76$0.19