Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.05x
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
82nd percentile
Faster asset growth than 82% of similar nonprofits.
Revenue Growth
81st percentile
Faster revenue growth than 81% of similar nonprofits.
Balance Sheet
Assets
Up$16,703
Up $3,018 (+22%) from 2023
Net Assets
Up$15,830
Up $2,557 (+19%) from 2023
Liabilities
Up$873
Up $461 (+112%) from 2023
Revenue And Expenses
Revenue
Up$73,745
Up $15,423 (+26%) from 2023
Expenses
Up$71,187
Up $15,792 (+29%) from 2023
Net Income
Down$2,558
Down $369 (-13%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Nov 12, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $73,954
Mission and Program Overview
Mission
SOCIAL CLUB
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES,AND ENVIRONMENT | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOSH KRISTJANSON | President | PT | $0 | - | - |
| JAKE OLSON | Vice-President | PT | $0 | - | - |
| GABE MONTEITH | Secretary | - | $0 | - | - |
| DREW RUSSETH | Treasurer | PT | $0 | - | - |
| SEBASITION FLORES FOK | Sentinel | - | $0 | - | - |
| BENJAMIN SCHMUCKER | Inductor | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Phi Sigma Kappa
- EIN
- 41-0479442
- Phone
- 6126245015
- Address
- 2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414
Signing Officer
- Name
- Drew Russeth
- Title
- Treasurer
- Phone
- 6126245015
- Signed
- 2024-11-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Fraternity Purchasing Association
- Address
- 2221 University Ave SE Ste 11, Minneapolis, MN 55414
- Preparer
- Michelle Ballensky
- Phone
- 6126245015
Supplemental Narrative
Additional Explanations
Pt V, Line 34
“Several changes were made to the constitution. Study hour requirements were changed for members with a 2.7 and 2.5 GPA. The president shall have the authority and the responsibility to affix his signature to charges for expulsion (T-9 form) in all cases where a majority of a quorum of the chapter agrees to prefer charges involving violation of a members sacred pledge to Phi Sigma Kapp, or misconduct that has brought discredit to Phi Sigma Kappa and the Beta Deuteron chapter. Member files will contain records of a members financial obligations, records of all judicial hearings, records of attendance at meetings and events, transcripts from all semesters during membership and records of officer positions. Other changes included changes to the roles of secretary, impeachment, scholarship and stewart.”
Form 990EZ, Part I, Line 10
“Charitable; charitable; B+ Foundation: 101 Rockland Circle, Wilminton, DE, 19803; none, 856.”
Form 990EZ, Part I, Line 16
“Payments to affiliates 4517.”
Form 990EZ, Part I, Line 16
“INSURANCE 9219.”
Form 990EZ, Part I, Line 16
“Disbursements for members 37371.”
Form 990EZ, Part I, Line 16
“Convention/conference 5405.”
Form 990EZ, Part I, Line 16
“ADMINISTRATIVE 306.”
Form 990EZ, Part I, Line 16
“BAD DEBT WRITE OFF 3797.”
Form 990EZ, Part I, Line 16
“MISCELLANEOUS 270.”
Form 990EZ, Part II, Line 24
“PREPAID EXPENSE 2269. 0.”
Form 990EZ, Part II, Line 24
“Advance deposit - cooperative 1000. 1000.”
Form 990EZ, Part II, Line 24
“Accounts receivable 3797. 8378.”
Form 990EZ, Part II, Line 26
“Accounts payable 412. 873.”
Form 990EZ, Part II, Line 26
“DEFERRED INCOME 0. 0.”
Raw XML Appendix157 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DREW RUSSETH |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6129916152 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 317 18TH AVE SE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MINNEAPOLIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55414 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 6619 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 7325 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | true |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2558 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1850 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 13685 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 16703 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 1065 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 856 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 73954 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 51 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 55487 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 13273 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 15830 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 13273 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 15830 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 7596 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 8.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 8.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOSH KRISTJANSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JAKE OLSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | GABE MONTEITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DREW RUSSETH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | SEBASITION FLORES FOK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | BENJAMIN SCHMUCKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE-PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SENTINEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | INDUCTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 7066 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 9378 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -1 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 60885 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SOCIAL CLUB |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 17351 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES,AND ENVIRONMENT |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 209 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 856 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 412 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 873 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 71187 |
| IRS990EZ/TotalRevenueAmt | 0 | 73745 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | PHISIG.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Several changes were made to the constitution. Study hour requirements were changed for members with a 2.7 and 2.5 GPA. The president shall have the authority and the responsibility to affix his signature to charges for expulsion (T-9 form) in all cases where a majority of a quorum of the chapter agrees to prefer charges involving violation of a members sacred pledge to Phi Sigma Kapp, or misconduct that has brought discredit to Phi Sigma Kappa and the Beta Deuteron chapter. Member files will contain records of a members financial obligations, records of all judicial hearings, records of attendance at meetings and events, transcripts from all semesters during membership and records of officer positions. Other changes included changes to the roles of secretary, impeachment, scholarship and stewart. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Charitable; charitable; B+ Foundation: 101 Rockland Circle, Wilminton, DE, 19803; none, 856. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PAYMENTS TO AFFILIATES 4517. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | INSURANCE 9219. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DISBURSEMENTS FOR MEMBERS 37371. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CONVENTION/CONFERENCE 5405. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ADMINISTRATIVE 306. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | BAD DEBT WRITE OFF 3797. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | MISCELLANEOUS 270. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | PREPAID EXPENSE 2269. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | ADVANCE DEPOSIT - COOPERATIVE 1000. 1000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | ACCOUNTS RECEIVABLE 3797. 8378. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | ACCOUNTS PAYABLE 412. 873. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | DEFERRED INCOME 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt V, Line 34 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990EZ, Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990EZ, Part II, Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990EZ, Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DREW RUSSETH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6126245015 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PHI SIGMA KAPPA |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PHIS |
| ReturnHeader/Filer/EIN | 0 | 410479442 |
| ReturnHeader/Filer/PhoneNum | 0 | 6126245015 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2221 UNIVERSITY AVE SE STE 111 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MINNEAPOLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55414 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410265424 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Fraternity Purchasing Association |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2221 University Ave SE Ste 11 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Minneapolis |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55414 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6126245015 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHELLE BALLENSKY |
| ReturnHeader/ReturnTs | 0 | 2024-11-12T13:55:09-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $16,703
- Liabilities
- $873
- Net assets
- $15,830
- Revenue
- $73,745
- Expenses
- $71,187
- Net income
- $2,558