Civic Intelligence

Phi Kappa Psi Fraternity

990 • Fiscal year 2015 • EIN 36-2362161

Jun 01, 2014 to May 31, 2015 • Filed on Apr 13, 2016

5395 Emerson WayIndianapolis, IN 46226

(317) 632-1852

Siviq Scores

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

Liabilities / Assets

5th percentile

0.04x

Higher debt load relative to assets than 5% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

6th percentile

0.09x

Higher debt load relative to revenue than 6% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Net Margin

89th percentile

14%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

82nd percentile

8.7%

Faster asset growth than 82% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

13%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$8,515,423

Up $680,756 (+8.7%) from 2014

Net Assets

Up

$8,133,635

Up $575,826 (+7.6%) from 2014

Liabilities

Up

$381,788

Up $104,930 (+38%) from 2014

Revenue

Up

$4,414,046

Up $493,754 (+13%) from 2014

Expenses

Up

$3,785,577

Up $610,138 (+19%) from 2014

Net Income

Down

$628,469

Down $116,384 (-16%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $7,834,667Liabilities 2014: $276,858Net Assets 2014: $7,557,8092014Assets 2015: $8,515,423Liabilities 2015: $381,788Net Assets 2015: $8,133,6352015Assets 2016: $7,653,615Liabilities 2016: $470,334Net Assets 2016: $7,183,2812016Assets 2017: $6,874,281Liabilities 2017: $208,983Net Assets 2017: $6,665,2982017Assets 2018: $7,797,394Liabilities 2018: $944,581Net Assets 2018: $6,852,8132018Assets 2019: $2,274,604Liabilities 2019: $1,221,636Net Assets 2019: $1,052,9682019Assets 2020: $2,264,614Liabilities 2020: $566,012Net Assets 2020: $1,698,6022020Assets 2021: $1,977,593Liabilities 2021: $476,541Net Assets 2021: $1,501,0522021Assets 2022: $3,086,235Liabilities 2022: $811,409Net Assets 2022: $2,274,8262022Assets 2023: $3,856,663Liabilities 2023: $1,322,403Net Assets 2023: $2,534,2602023Assets 2024: $3,874,343Liabilities 2024: $1,368,036Net Assets 2024: $2,506,3072024

Highlighted filing

2015

Assets$8,515,423
Liabilities$381,788
Net Assets$8,133,635

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,920,292Expenses 2014: $3,175,439Net Income 2014: $744,8532014Revenue 2015: $4,414,046Expenses 2015: $3,785,577Net Income 2015: $628,4692015Revenue 2016: $3,764,426Expenses 2016: $5,413,951Net Income 2016: -$1,649,5252016Revenue 2017: $5,319,031Expenses 2017: $5,837,014Net Income 2017: -$517,9832017Revenue 2018: $5,177,807Expenses 2018: $4,990,292Net Income 2018: $187,5152018Revenue 2019: $4,812,482Expenses 2019: $5,088,112Net Income 2019: -$275,6302019Revenue 2020: $4,069,037Expenses 2020: $3,536,070Net Income 2020: $532,9672020Revenue 2021: $1,978,142Expenses 2021: $2,551,586Net Income 2021: -$573,4442021Revenue 2022: $3,577,760Expenses 2022: $3,220,135Net Income 2022: $357,6252022Revenue 2023: $3,789,770Expenses 2023: $3,558,112Net Income 2023: $231,6582023Revenue 2024: $3,462,956Expenses 2024: $3,596,087Net Income 2024: -$133,1312024

Highlighted filing

2015

Revenue$4,414,046
Expenses$3,785,577
Net Income$628,469
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 13, 2016
Return Version
2014v6.0
Gross Receipts
$6,447,555
Mission and Program Overview

Mission

The organization is an association of men of integrity who strive to develop the individual in his intellect, in his involvement in the community, and in his faith.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,654,218$6,254,401▲ $600,183
Cash and Non-Interest-Bearing Accounts$1,502,526$1,124,322▼ $378,204
Prepaid Expenses and Deferred Charges$484,266$916,717▲ $432,451
Land, Buildings, and Equipment, Net$127,191$150,535▲ $23,344
Inventories for Sale or Use$25,561$34,960▲ $9,399
Accounts Receivable$40,905$34,488▼ $6,417
Total Assets$7,834,667$8,515,423▲ $680,756
Liabilities
Accounts Payable and Accrued Expenses$130,541$351,346▲ $220,805
Other Liabilities$23,222$22,692▼ $530
Deferred Revenue$123,095$7,750▼ $115,345
Total Liabilities$276,858$381,788▲ $104,930
Net Assets / Fund Balance
Unrestricted Net Assets$7,419,292$7,878,012▲ $458,720
Temporarily Rstr Net Assets$138,517$255,623▲ $117,106
Total Net Assets Fund Balance$7,557,809$8,133,635▲ $575,826
Total Liabilities and Net Assets / Fund Balance$7,834,667$8,515,423▲ $680,756

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$79,883$328,344$408,227
Equipment$70,652$62,394$133,046
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shawn CollinsworthExecutive Director (non-voting)FT$120,151$11,496$131,647

Board Members and Trustees

NameTitle
A Scott NoblePresident
James D BoyleVice President
Chad M StegemillerAssistant Executive Director (non-voting)
Blake YeamanExecutive Director (non-voting)
Brian T KochheiserArchon
Bryce W HobbsArchon
Jeff D ScottArchon
Kenny S RobertsArchon
Matthew C BratschArchon
Thomas C PenningtonSecretary
Shannon E PriceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$371,293
Program Service Revenue
$3,463,226
Investment Income
$523,182
Other Revenue
$56,345
All Other Contributions
$371,293
Change in Net Assets
$628,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,414,046
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$27,010
Total Revenue per Audited Statements
$4,441,056
Total Revenue per Form 990
$4,414,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,784,360
Salaries, Compensation, and Employee Benefits$889,867
Grants and Similar Amounts Paid$111,350
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$900,151
Travel---$706,655
Other Salaries and Wages---$609,250
Office Expenses---$312,298
Current Officers, Directors, Trustees, and Key Employees---$146,185
Fees for Services Other---$113,160
Grants to Domestic Orgs---$106,350
Occupancy---$88,850
Other Employee Benefits---$59,795
Payroll Taxes---$58,995
Fees for Services Accounting---$50,587
Information Technology---$41,355
Fees for Service Investment Mgmnt Fees---$30,011
Fees for Services Legal---$26,015
Depreciation Depletion---$20,833
Other Expenses---$20,222
Pension Plan Contributions---$15,642
Conferences and Meetings---$13,704
All Other Expenses---$12,831
Grants to Domestic Individuals---$5,000
Total Functional Expenses$0$0$0$3,785,577

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,865,230
Expenses per Audited Statements$3,785,577
Total Expenses per Form 990$3,785,577
Expenses Not Reported on Form 990$79,653
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Canonsburg CorporationIndianapolis, IN501(c)(7)Charitable$104,190
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust$22,692
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members of this fraternity shall be classified as undergraduates and alumni. The term "undergraduate" shall include every member of this fraternity who is in actual attendance as a student in any department of the college where the chapter by which he was initiated, or to which he was last transferred, is located. The term "alumnus" shall include all other members of this fraternity.

Form 990, Part VI, Section A, Line 7A

The organization has individuals who have the power to elect or appoint members of the governing body.

Form 990, Part VI, Section A, Line 7B

Rate changes and by-law changes are subject to approval by the grand arch council which is comprised of chapter delegates who are also members of the fraternity.

Form 990, Part VI, Section A, Line 8B

The organization has no committee with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 10B

The organization has individual chapters nationwide. The organization's role is to guide these chapters with resources and best practices and not to independently or individually supervise these chapters.

Form 990, Part VI, Section B, Line 11

The return will be provided to the governing body for review before being signed.

Form 990, Part VI, Section B, Line 12C

All employees, board members, and executive council are required to sign an annual declaration of any conflicts of interest.

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

The executive council ensures the executive director's salary is comparable to other executives in similar organizations. In addition, any bonuses awarded are based on achieving established benchmarks.

Form 990, Part VI, Section C, Line 19

Consistent with the requirements of section 6104(d) of the internal revenue code and regulations thereunder, copies of the irs form 990 and application for exemption, other governing documents, conflict of interest policy, and financial statements shall be made available, upon request, in a timely manner, and subject to the charges permitted by law to any individuals who request it.

Filing and Contact Details

Filer

Filer Name
Phi Kappa Psi Fraternity
EIN
36-2362161
Phone
3176321852
Address
5395 EMERSON WAY, INDIANAPOLIS, IN 46226

Signing Officer

Name
Shannon E Price
Title
Treasurer
Phone
3176321852
Signed
2016-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon E Price
Formed
1987
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
20
Volunteers
0

Preparer

Firm
Vonlehman & Company Inc
Address
8250 WOODFIELD CROSSING BLVD SUITE, 300, INDIANAPOLIS, IN 46240
Preparer
Michelle Siner
Phone
3174690169
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process has not changed during the tax year.

Financial Statement Notes

PART X, LINE 2:

The fraternity files annual returns in the u. S. Federal and indiana jurisdictions. Currently, the three prior tax years are open and subject to examination by the internal revenue service and the indiana department of revenue. However, the fraternity is not currently under audit nor has it been contacted by these jurisdictions. Based on the evaluation of the fraternity's tax positions, management believes all significant positions taken would be upheld under an examination.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 79,653.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 79,653.

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IRS990/MissionDesc0THE ORGANIZATION IS AN ASSOCIATION OF MEN OF INTEGRITY WHO STRIVE TO DEVELOP THE INDIVIDUAL IN HIS INTELLECT, IN HIS INVOLVEMENT IN THE COMMUNITY, AND IN HIS FAITH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07557809
IRS990/NetAssetsOrFundBalancesEOYAmt08133635
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0390575
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0390575
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-65541
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-65541
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-52643
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt088850
IRS990/OfficeExpensesGrp/TotalAmt0312298
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059795
IRS990/OtherExpensesGrp/Desc0WWLS/GAC
IRS990/OtherExpensesGrp/Desc1HEALTH AND WELLNESS PRO
IRS990/OtherExpensesGrp/Desc2CLUB DUES
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/TotalAmt0365380
IRS990/OtherExpensesGrp/TotalAmt158286
IRS990/OtherExpensesGrp/TotalAmt224022
IRS990/OtherExpensesGrp/TotalAmt320222
IRS990/OtherLiabilitiesGrp/BOYAmt023222
IRS990/OtherLiabilitiesGrp/EOYAmt022692
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1541900
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1ADMINISTRATIVE FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013549
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11888
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013549
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11888
IRS990/OtherRevenueTotalAmt015437
IRS990/OtherSalariesAndWagesGrp/TotalAmt0609250
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt058995
IRS990/PensionPlanContributionsGrp/TotalAmt015642
IRS990/PoliciesReferenceChaptersInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0484266
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0916717
IRS990/PrincipalOfficerNm0SHANNON E PRICE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES & ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1CHAPTER SERVICE/CONFERENC
IRS990/ProgramServiceRevenueGrp/Desc2CONVENTION/GRAND ARCH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02489776
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1749423
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2224027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02489776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1749423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2224027
IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATION EXPENDITURES FOR THE PROMOTION OF CITIZENSHIP, LEADERSHIP, AND SCHOLASTIC ACHIEVEMENT OF THE UNDERGRADUATE AND ALUMNI MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0111305
IRS990/PYGrantsAndSimilarPaidAmt0103280
IRS990/PYInvestmentIncomeAmt0580160
IRS990/PYOtherExpensesAmt02304500
IRS990/PYOtherRevenueAmt0129487
IRS990/PYProgramServiceRevenueAmt03099340
IRS990/PYRevenuesLessExpensesAmt0744853
IRS990/PYSalariesCompEmpBnftPaidAmt0767659
IRS990/PYTotalExpensesAmt03175439
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03920292
IRS990/ReconcilationRevenueExpnssAmt0628469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0106449
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt0106449
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt070652
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062394
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133046
IRS990ScheduleD/ExpensesNotReportedAmt079653
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03785577
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-52643
IRS990ScheduleD/OtherExpensesIncludedAmt079653
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt079883
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0328344
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0408227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022692
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD IN TRUST
IRS990ScheduleD/OtherRevenueAmt079653
IRS990ScheduleD/RevenueNotReportedAmt027010
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04414046
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY FILES ANNUAL RETURNS IN THE U. S. FEDERAL AND INDIANA JURISDICTIONS. CURRENTLY, THE THREE PRIOR TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE INDIANA DEPARTMENT OF REVENUE. HOWEVER, THE FRATERNITY IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE FRATERNITY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL SIGNIFICANT POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 79,653.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 79,653.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0150535
IRS990ScheduleD/TotalExpensesPerForm990Amt03785577
IRS990ScheduleD/TotalLiabilityAmt022692
IRS990ScheduleD/TotalRevenuePerForm990Amt04414046
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04441056
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03865230
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0104190
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CANONSBURG CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0204221922
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05395 EMERSON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046226
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THIS FRATERNITY SHALL BE CLASSIFIED AS UNDERGRADUATES AND ALUMNI. THE TERM "UNDERGRADUATE" SHALL INCLUDE EVERY MEMBER OF THIS FRATERNITY WHO IS IN ACTUAL ATTENDANCE AS A STUDENT IN ANY DEPARTMENT OF THE COLLEGE WHERE THE CHAPTER BY WHICH HE WAS INITIATED, OR TO WHICH HE WAS LAST TRANSFERRED, IS LOCATED. THE TERM "ALUMNUS" SHALL INCLUDE ALL OTHER MEMBERS OF THIS FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS INDIVIDUALS WHO HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RATE CHANGES AND BY-LAW CHANGES ARE SUBJECT TO APPROVAL BY THE GRAND ARCH COUNCIL WHICH IS COMPRISED OF CHAPTER DELEGATES WHO ARE ALSO MEMBERS OF THE FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS INDIVIDUAL CHAPTERS NATIONWIDE. THE ORGANIZATION'S ROLE IS TO GUIDE THESE CHAPTERS WITH RESOURCES AND BEST PRACTICES AND NOT TO INDEPENDENTLY OR INDIVIDUALLY SUPERVISE THESE CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE RETURN WILL BE PROVIDED TO THE GOVERNING BODY FOR REVIEW BEFORE BEING SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL EMPLOYEES, BOARD MEMBERS, AND EXECUTIVE COUNCIL ARE REQUIRED TO SIGN AN ANNUAL DECLARATION OF ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EXECUTIVE COUNCIL ENSURES THE EXECUTIVE DIRECTOR'S SALARY IS COMPARABLE TO OTHER EXECUTIVES IN SIMILAR ORGANIZATIONS. IN ADDITION, ANY BONUSES AWARDED ARE BASED ON ACHIEVING ESTABLISHED BENCHMARKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONSISTENT WITH THE REQUIREMENTS OF SECTION 6104(D) OF THE INTERNAL REVENUE CODE AND REGULATIONS THEREUNDER, COPIES OF THE IRS FORM 990 AND APPLICATION FOR EXEMPTION, OTHER GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUALS WHO REQUEST IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHI KAPPA PSI FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0366130655
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05395 EMERSON WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046226
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00

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