Civic Intelligence

Phi Kappa Psi Fraternity

990 • Fiscal year 2016 • EIN 36-2362161

Jun 01, 2015 to May 31, 2016 • Filed on Mar 14, 2017

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

10th percentile

0.06x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

10th percentile

0.12x

Higher debt load relative to revenue than 10% of similar nonprofits.

2016 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2016

Net Margin

1st percentile

-44%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

5th percentile

-10%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-15%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$7,653,615

Down $861,808 (-10%) from 2015

Net Assets

Down

$7,183,281

Down $950,354 (-12%) from 2015

Liabilities

Up

$470,334

Up $88,546 (+23%) from 2015

Revenue

Down

$3,764,426

Down $649,620 (-15%) from 2015

Expenses

Up

$5,413,951

Up $1,628,374 (+43%) from 2015

Net Income

Down

-$1,649,525

Down $2,277,994 (-362%) from 2015

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

2016

Assets$7,653,615
Liabilities$470,334
Net Assets$7,183,281

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

2016

Revenue$3,764,426
Expenses$5,413,951
Net Income-$1,649,525
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Mar 14, 2017
Return Version
2015v3.0
Gross Receipts
$8,685,997
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.

SEE SCH. O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,254,401$6,033,080▼ $221,321
Cash and Non-Interest-Bearing Accounts$1,124,322$597,376▼ $526,946
Prepaid Expenses and Deferred Charges$916,717$498,408▼ $418,309
Land, Buildings, and Equipment, Net$150,535$273,186▲ $122,651
Accounts Receivable$34,488$207,747▲ $173,259
Inventories for Sale or Use$34,960$43,818▲ $8,858
Total Assets$8,515,423$7,653,615▼ $861,808
Liabilities
Deferred Revenue$7,750$244,204▲ $236,454
Accounts Payable and Accrued Expenses$351,346$203,438▼ $147,908
Other Liabilities$22,692$22,692→ $0
Total Liabilities$381,788$470,334▲ $88,546
Net Assets / Fund Balance
Unrestricted Net Assets$7,878,012$7,020,286▼ $857,726
Temporarily Rstr Net Assets$255,623$162,995▼ $92,628
Total Net Assets Fund Balance$8,133,635$7,183,281▼ $950,354
Total Liabilities and Net Assets / Fund Balance$8,515,423$7,653,615▼ $861,808

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,302$337,694$425,996
Equipment$184,884$91,223$276,107
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark GuidiExecutive Director (non-voting)FT$50,000$6,640$56,640

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$530,237
Program Service Revenue
$3,247,287
Investment Income
$-128,840
Other Revenue
$115,742
All Other Contributions
$530,237
Change in Net Assets
$-1,649,525

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,764,426
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$79,120
Total Revenue per Audited Statements
$3,843,546
Total Revenue per Form 990
$3,764,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,942,616
Salaries, Compensation, and Employee Benefits$1,469,605
Grants and Similar Amounts Paid$1,730
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel---$1,117,103
Other Salaries and Wages---$981,706
Insurance---$885,938
Office Expenses---$439,246
Current Officers, Directors, Trustees, and Key Employees---$221,878
Fees for Services Other---$188,325
Other Employee Benefits---$155,634
Occupancy---$110,335
Payroll Taxes---$101,434
Fees for Services Accounting---$93,369
Information Technology---$78,877
Depreciation Depletion---$38,179
Conferences and Meetings---$34,306
Other Expenses---$33,260
Fees for Service Investment Mgmnt Fees---$30,164
Fees for Services Legal---$13,632
Pension Plan Contributions---$8,953
All Other Expenses---$3,599
Grants to Domestic Orgs---$1,730
Total Functional Expenses$0$0$0$5,413,951

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,493,071
Expenses per Audited Statements$5,413,951
Total Expenses per Form 990$5,413,951
Expenses Not Reported on Form 990$79,120
Expenses Not Reported on Financial Statements$0
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
Miguel Flechas
Title
Treasurer
Phone
3176321852
Signed
2017-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Miguel Flechas
Formed
1987
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
37
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 I, Line 1

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.

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 79,120.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 79,120.

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IRS990/OtherExpensesGrp/Desc1CLUB DUES
IRS990/OtherExpensesGrp/Desc2HEALTH AND WELLNESS PRO
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/TotalAmt0792789
IRS990/OtherExpensesGrp/TotalAmt147587
IRS990/OtherExpensesGrp/TotalAmt235907
IRS990/OtherExpensesGrp/TotalAmt333260
IRS990/OtherLiabilitiesGrp/BOYAmt022692
IRS990/OtherLiabilitiesGrp/EOYAmt022692
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0106457
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116153
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0106457
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116153
IRS990/OtherRevenueTotalAmt0122610
IRS990/OtherSalariesAndWagesGrp/TotalAmt0981706
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0101434
IRS990/PensionPlanContributionsGrp/TotalAmt08953
IRS990/PoliciesReferenceChaptersInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0916717
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0498408
IRS990/PrincipalOfficerNm0MIGUEL FLECHAS
IRS990/PriorPeriodAdjustmentsAmt0699171
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/RelatedOrExemptFuncIncomeAmt02188180
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1996347
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt262760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02188180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1996347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt262760
IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATION EXPENDITURES FOR THE PROMOTION OF CITIZENSHIP, LEADERSHIP, AND SCHOLASTIC ACHIEVEMENT OF THE UNDERGRADUATE AND ALUMNI MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0371293
IRS990/PYGrantsAndSimilarPaidAmt0111350
IRS990/PYInvestmentIncomeAmt0523182
IRS990/PYOtherExpensesAmt02784360
IRS990/PYOtherRevenueAmt056345
IRS990/PYProgramServiceRevenueAmt03463226
IRS990/PYRevenuesLessExpensesAmt0628469
IRS990/PYSalariesCompEmpBnftPaidAmt0889867
IRS990/PYTotalExpensesAmt03785577
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04414046
IRS990/ReconcilationRevenueExpnssAmt0-1649525
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt060716
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt060716
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/BookValueAmt0184884
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091223
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0276107
IRS990ScheduleD/ExpensesNotReportedAmt079120
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05413951
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt079120
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt088302
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0337694
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0425996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022692
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD IN TRUST
IRS990ScheduleD/OtherRevenueAmt079120
IRS990ScheduleD/RevenueNotReportedAmt079120
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03764426
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 79,120.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 79,120.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0273186
IRS990ScheduleD/TotalExpensesPerForm990Amt05413951
IRS990ScheduleD/TotalLiabilityAmt022692
IRS990ScheduleD/TotalRevenuePerForm990Amt03764426
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03843546
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05493071
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0FORMER EXECUTIVE DIRECTOR SHAWN COLLINSWORTH RECEIVED A SEVERANCE PAYMENT OF $62,535.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE ORGANIZATION HAS INDIVIDUALS WHO HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RATE 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/ExplanationTxt4THE ORGANIZATION HAS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6THE RETURN WILL BE PROVIDED TO THE GOVERNING BODY FOR REVIEW BEFORE BEING SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL EMPLOYEES, BOARD MEMBERS, AND EXECUTIVE COUNCIL ARE REQUIRED TO SIGN AN ANNUAL DECLARATION OF ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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/ExplanationTxt9CONSISTENT 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/ExplanationTxt10THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 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
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0260260
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1108480
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PHI KAPPA PSI FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PHI KAPPA PSI FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

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