Civic Intelligence

Phi Kappa Psi Fraternity

990 • Fiscal year 2023 • EIN 41-0479443

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 09, 2023

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

89th percentile

0.44x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.17x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

51st percentile

2.7%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

78%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.4%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$146,844

Up $64,202 (+78%) from 2022

Net Assets

Up

$82,268

Up $9,869 (+14%) from 2022

Liabilities

Up

$64,576

Up $54,333 (+530%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin51st percentile

Revenue

Down

$369,244

Down $5,383 (-1.4%) from 2022

Expenses

Down

$359,375

Down $6,416 (-1.8%) from 2022

Net Income

Up

$9,869

Up $1,033 (+12%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2023

Assets$146,844
Liabilities$64,576
Net Assets$82,268
Open 2023 Filing

Operations Trend

Revenue Growth36th 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

2023

Revenue$369,244
Expenses$359,375
Net Income$9,869
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$369,432
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
Cash and Non-Interest-Bearing Accounts$52,040$120,890▲ $68,850
Rtn Earn Endowment Incm Other Fnds$72,399$82,268▲ $9,869
Accounts Receivable$24,722$20,631▼ $4,091
Land, Buildings, and Equipment, Net$2,390$1,716▼ $674
Investments Program Related$590$707▲ $117
Total Assets$82,642$146,844▲ $64,202
Other Assets Total$2,900$2,900→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,243$64,576▲ $54,333
Total Liabilities$10,243$64,576▲ $54,333
Net Assets / Fund Balance
Total Net Assets Fund Balance$72,399$82,268▲ $9,869
Total Liabilities and Net Assets / Fund Balance$82,642$146,844▲ $64,202

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,716$8,128-
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Zachary PetersonPresident
Owen ShaneVice-president
DE'MARCO WALTONCorresponding Secretary
Ethan RugglesResponding Secretary
Ben BagbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$367,025
Investment Income
$203
Other Revenue
$2,016
Change in Net Assets
$9,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$349,767
Grants and Similar Amounts Paid$9,608
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$146,352$0$0$146,352
Payments to Affiliates$38,041$0$0$38,041
Insurance$17,595$0$0$17,595
Grants to Domestic Orgs$9,608--$9,608
Fees for Services Accounting$3,751$0$0$3,751
Office Expenses$1,864$0$0$1,864
Conferences and Meetings$1,551$0$0$1,551
Depreciation Depletion$674$0$0$674
Other Expenses$123$0$0$123
Interest$69$0$0$69
Total Functional Expenses$359,375$0$0$359,375
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,363
Fundraising Direct Expenses$188
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
Ben Bagby
Title
Treasurer
Phone
6126245015
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zach Peterson
Formed
1888
Legal Domicile
Mn
Voting Board Members
80
Independent Board Members
80
Employees
0
Volunteers
80

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.”

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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/TotalFunctionalExpensesGrp/ProgramServicesAmt0359375
IRS990/TotalFunctionalExpensesGrp/TotalAmt0359375
IRS990/TotalGrossUBIAmt01378
IRS990/TotalLiabilitiesBOYAmt010243
IRS990/TotalLiabilitiesEOYAmt064576
IRS990/TotalLiabilitiesGrp/BOYAmt010243
IRS990/TotalLiabilitiesGrp/EOYAmt064576
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt072399
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt082268
IRS990/TotalProgramServiceRevenueAmt0367025
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0367866
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0369244
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01378
IRS990/TotalVolunteersCnt080
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082642
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0146844
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt01609 UNIVERSITY AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt080
IRS990/VotingMembersIndependentCnt080
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN BAGBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02023-11-09T13:40:50-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAGBY
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$146,844
Liabilities
$64,576
Net assets
$82,268
Revenue
$369,244
Expenses
$359,375
Net income
$9,869
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
2023Detailed filing. Detailed filing data is available for this year.$1.47$0.65$0.82$3.69$3.59$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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