Civic Intelligence

Phi Kappa Psi Fraternity

990 • Fiscal year 2022 • EIN 41-0479443

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 27, 2022

Organization ProfileN/A
2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

77th percentile

0.12x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

50th percentile

2.4%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

17%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$82,642

Up $9,721 (+13%) from 2021

Net Assets

Up

$72,399

Up $8,836 (+14%) from 2021

Liabilities

Up

$10,243

Up $885 (+9.5%) from 2021

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin50th percentile

Revenue

Up

$374,627

Up $54,918 (+17%) from 2021

Expenses

Up

$365,791

Up $35,974 (+11%) from 2021

Net Income

Up

$8,836

Up $18,944 (+187%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$150K$100K$50K$0Assets 2011: $38,617Liabilities 2011: $3,0412011Assets 2012: $27,994Liabilities 2012: $02012Assets 2013: $21,790Liabilities 2013: $6,8412013Assets 2014: $24,030Liabilities 2014: $3,810Net Assets 2014: $20,2202014Assets 2015: $31,513Liabilities 2015: $7,578Net Assets 2015: $23,9352015Assets 2016: $46,390Liabilities 2016: $33,816Net Assets 2016: $12,5742016Assets 2017: $32,518Liabilities 2017: $744Net Assets 2017: $31,7742017Assets 2018: $67,005Liabilities 2018: $10,425Net Assets 2018: $56,5802018Assets 2019: $59,678Liabilities 2019: $514Net Assets 2019: $59,1642019Assets 2020: $76,236Liabilities 2020: $2,566Net Assets 2020: $73,6702020Assets 2021: $72,921Liabilities 2021: $9,358Net Assets 2021: $63,5632021Assets 2022: $82,642Liabilities 2022: $10,243Net Assets 2022: $72,3992022Assets 2023: $146,844Liabilities 2023: $64,576Net Assets 2023: $82,2682023Assets 2024: $65,015Liabilities 2024: $875Net Assets 2024: $64,1402024Assets 2025: $83,713Liabilities 2025: $22,223Net Assets 2025: $61,4902025

Highlighted filing

2022

Assets$82,642
Liabilities$10,243
Net Assets$72,399
Open 2022 Filing

Operations Trend

Revenue Growth56th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $166,427Expenses 2011: $159,001Net Income 2011: $7,4262011Revenue 2012: $160,214Expenses 2012: $171,355Net Income 2012: -$11,1412012Revenue 2013: $165,492Expenses 2013: $174,978Net Income 2013: -$9,4862013Revenue 2014: $240,836Expenses 2014: $235,565Net Income 2014: $5,2712014Revenue 2015: $256,147Expenses 2015: $252,432Net Income 2015: $3,7152015Revenue 2016: $306,077Expenses 2016: $317,439Net Income 2016: -$11,3622016Revenue 2017: $334,462Expenses 2017: $315,261Net Income 2017: $19,2012017Revenue 2018: $332,466Expenses 2018: $307,661Net Income 2018: $24,8052018Revenue 2019: $306,487Expenses 2019: $303,902Net Income 2019: $2,5852019Revenue 2020: $285,259Expenses 2020: $270,753Net Income 2020: $14,5062020Revenue 2021: $319,709Expenses 2021: $329,817Net Income 2021: -$10,1082021Revenue 2022: $374,627Expenses 2022: $365,791Net Income 2022: $8,8362022Revenue 2023: $369,244Expenses 2023: $359,375Net Income 2023: $9,8692023Revenue 2024: $324,513Expenses 2024: $342,642Net Income 2024: -$18,1292024Revenue 2025: $363,091Expenses 2025: $365,741Net Income 2025: -$2,6502025

Highlighted filing

2022

Revenue$374,627
Expenses$365,791
Net Income$8,836
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 27, 2022
Return Version
2021v4.1
Gross Receipts
$374,688
Mission and Program Overview

Mission

Social club - providing collegiate fraternity social, environment and activities

Social club-providing collegiate fraternity social, environment and activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$63,563$72,399▲ $8,836
Cash and Non-Interest-Bearing Accounts$43,768$52,040▲ $8,272
Accounts Receivable$24,930$24,722▼ $208
Land, Buildings, and Equipment, Net$933$2,390▲ $1,457
Investments Program Related$390$590▲ $200
Total Assets$72,921$82,642▲ $9,721
Other Assets Total$2,900$2,900→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,908$10,243▲ $1,335
Deferred Revenue$450--
Total Liabilities$9,358$10,243▲ $885
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,563$72,399▲ $8,836
Total Liabilities and Net Assets / Fund Balance$72,921$82,642▲ $9,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,390$7,454-
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Benjamin SmetPresident
Christian LerchVice-president
Will BentsCorresponding Secretary
David NunnResponding Secretary
Connor BehrensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,817
Program Service Revenue
$370,974
Investment Income
$295
Other Revenue
$1,541
All Other Contributions
$1,817
Change in Net Assets
$8,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,863
Grants and Similar Amounts Paid$6,928
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$144,296$0$0$144,296
Payments to Affiliates$38,838$0$0$38,838
Insurance$20,244$0$0$20,244
Grants to Domestic Orgs$6,928--$6,928
Other Expenses$5,001$0$0$5,001
Fees for Services Accounting$3,277$0$0$3,277
Office Expenses$1,857$0$0$1,857
Depreciation Depletion$917$0$0$917
Interest$49$0$0$49
Total Functional Expenses$365,791$0$0$365,791
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,370
Fundraising Direct Expenses$61
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Phi Kappa Psi Fraternity
EIN
41-0479443
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414
Doing Business As
Minnesota Beta Chapter

Signing Officer

Name
Connor Behrens
Title
Treasurer
Phone
6126245015
Signed
2022-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Smet
Formed
1888
Legal Domicile
Mn
Voting Board Members
81
Independent Board Members
81
Employees
0
Volunteers
81

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 VI, Line 6

“Members are the active undergraduate students of the Minnesota Beta chapter of Phi Kappa Psi Fraternity.”

Pt VI, Line 7A

“Members of the Minnesota Beta chapter of Phi Kappa Psi Fraternity have voting power to elect and vote on governing decisions.”

Pt VI, Line 11B

“The signing officer reviews the tax return before it is signed and filed with the IRS.”

Pt VI, Line 19

“Form 990 and financial reports are made available only upon request.”

Raw XML Appendix333 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members are the active undergraduate students of the Minnesota Beta chapter of Phi Kappa Psi Fraternity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Minnesota Beta chapter of Phi Kappa Psi Fraternity have voting power to elect and vote on governing decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The signing officer reviews the tax return before it is signed and filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 and financial reports are made available only upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01604
IRS990/TotalVolunteersCnt081
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt072921
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082642
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt01609 UNIVERSITY AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt081
IRS990/VotingMembersIndependentCnt081
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONNOR BEHRENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHI KAPPA PSI FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0PHIK
ReturnHeader/Filer/EIN0410479443
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fraternity Purchasing Association
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 University Ave SE Ste 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02022-10-27T13:03:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CONNOR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BEHRENS
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,642
Liabilities
$10,243
Net assets
$72,399
Revenue
$374,627
Expenses
$365,791
Net income
$8,836
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.22$0.61$3.63$3.66$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.01$0.64$3.25$3.43$0.18
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.65$0.82$3.69$3.59$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.10$0.72$3.75$3.66$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.09$0.64$3.20$3.30$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.03$0.74$2.85$2.71$0.15
2019Summary only. Only limited summary data is available for this year.$0.60$0.01$0.59$3.06$3.04$0.03
2018Summary only. Only limited summary data is available for this year.$0.67$0.10$0.57$3.32$3.08$0.25
2017Summary only. Only limited summary data is available for this year.$0.33$0.01$0.32$3.34$3.15$0.19
2016Summary only. Only limited summary data is available for this year.$0.46$0.34$0.13$3.06$3.17$0.11
2015Summary only. Only limited summary data is available for this year.$0.32$0.08$0.24$2.56$2.52$0.04
2014Summary only. Only limited summary data is available for this year.$0.24$0.04$0.20$2.41$2.36$0.05
2013Summary only. Only limited summary data is available for this year.$0.22$0.07$1.65$1.75$0.09
2012Summary only. Only limited summary data is available for this year.$0.28$0.00$1.60$1.71$0.11
2011Summary only. Only limited summary data is available for this year.$0.39$0.03$1.66$1.59$0.07